Crypto Agenda – September 2, 2025
The cryptocurrency market gained value in the last 24 hours as expectations for a possible Fed rate cut increased. Investors are now focusing on the upcoming U.S. nonfarm payrolls data for August. Economists expect the report to point to a slowdown in job growth. If the data comes in weaker than forecasts, it may strengthen the probability of a rate cut.
The total crypto market capitalization climbed to $3.89 trillion. At the time of writing, Bitcoin (BTC) traded at $110,447, Ethereum (ETH) at $4,397, Ripple (XRP) at $2.81, and Solana (SOL) at $204.12.
Ethereum to Shut Down Holesky Testnet
Ethereum Foundation announced that its largest testnet, Holesky, will be closed as part of a planned migration process to the Hoodi testnet.
- Holesky, launched in September 2023, was used for staking infrastructure and validator operations.
- In early 2025, the network faced the “inactivity leak” issue, creating a long exit queue.
- A new testing environment, Hoodi, was launched in March.
For now, Sepolia is recommended for smart contract and dApp testing. The next major upgrade, the Fusaka hard fork, is expected to go live on mainnet in November, enhancing rollup data availability and distributing validator load more efficiently.
📌 This transition aims to improve Ethereum’s scalability and attract stronger institutional demand.
WLFI Proposes Token Buyback & Burn
World Liberty Financial (WLFI), a DeFi project linked to the Trump family, introduced a governance proposal for a token buyback and burn program.
- All protocol fees from liquidity positions on Ethereum, BNB Chain, and Solana will be used to repurchase and burn WLFI tokens.
- This aims to reduce supply, create token scarcity, and reward long-term holders.
- However, concerns remain about the lack of treasury reserves for emergencies.
On Monday, WLFI unlocked 24.6 billion tokens, bringing the Trump family’s holdings to a valuation of $5 billion.
RAK Properties Accepts Crypto Payments
UAE-based real estate giant RAK Properties announced it will accept cryptocurrencies in international property transactions.
- Payments in BTC, ETH, and USDT will be processed via Hubpay, which will convert them into dirhams.
- CFO Rahul Jogani emphasized that this move opens the door to a new, digitally savvy investor base.
📊 According to Chainalysis, crypto adoption in the UAE has been surging, with retail transaction volume rising over 75% YoY as of June 2024.
Technical Analysis
Bitcoin (BTC)
- Dropped to $107,255 yesterday, down nearly 2%, before rebounding above $110,000.
- Supports: $107,000 – $105,000
- Resistances: $112,500 – $117,000 – $123,000
- RSI shows bearish divergence, signaling a possible bull trap.
👉 On-chain data confirms ongoing institutional demand; Delta Cap stands at around $739 billion.
Ethereum (ETH)
- Fell over 5% to $4,380, now consolidating around $4,380 – $4,400.
- Key support: $4,200 – breakdown could lead to $3,800.
- Upside scenario: A break above $4,600 may revive bullish momentum toward $5,000+.
📌 ETF inflows and growing institutional demand put Ethereum in a stronger medium-term position compared to Bitcoin.
Ripple (XRP)
- Dropped over 5% to $2.70, currently trading around $2.81.
- Support: $2.74
- Resistance: $3.00 (psychological level)
- MACD is producing recovery signals, though institutional selling pressure weighs on sentiment.
Outlook
- If Fed rate cut expectations remain strong, crypto markets may enter another bullish wave in September.
- The Ethereum Fusaka upgrade could attract more institutional investors.
- WLFI’s token burn may support short-term prices but lack of treasury funds could be a long-term risk.
- The UAE’s growing crypto adoption may establish it as a global hub for digital asset payments.
Summary
The crypto market rebounded as Fed rate cut hopes intensified. Key highlights include Ethereum’s Holesky shutdown, WLFI’s token burn plan, and RAK Properties’ adoption of crypto payments. Meanwhile, BTC, ETH, and XRP are trading at critical levels. Ethereum shows stronger potential in the medium term, while Bitcoin remains at a decisive threshold.
Legal Notice
The investment information, comments and recommendations contained herein are not within the scope of investment advisory services.Investment advisory services are provided within the framework of an investment advisory agreement to be signed between brokerage houses, portfolio management companies, non-deposit accepting banks and the client.The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations.These opinions may not be suitable for your financial situation and risk and return preferences.Therefore, making an investment decision based solely on the information contained herein may not produce results in accordance with your expectations.