SoSo Crypto Daily | Crypto Market Remains Subdued; Institutionalization and Multi-Chain Expansion Highlight Ecosystem Evolution

SoSo Crypto Daily | El mercado de criptomonedas sigue moderado; la institucionalización y la expansión multicadena destacan la evolución del ecosistema

SoSo Crypto Daily | Le marché crypto reste modéré ; l'institutionnalisation et l'expansion multi-chaînes soulignent l'évolution de l'écosystème

SoSo Crypto Daily | 暗号資産（仮想通貨）市場は低迷が続く。機関投資家による導入とマルチチェーン展開がエコシステムの進化を浮き彫りにする

SoSo Crypto Daily | Mercado de Cripto permanece moderado; Institucionalização e Expansão Multi-Chain destacam a Evolução do Ecossistema

SoSo Crypto Daily | Криптовалютный рынок остается подавленным; Институционализация и расширение Multi-Chain подчеркивают эволюцию экосистемы

SoSo Crypto Daily | 加密市場持續低迷；以太坊鏈上活躍創新高，WLFI推動Solana跨鏈生態，Tether調整支援鏈條

SoSo Crypto Günlük | Kripto Para Piyasası Sakinliğini Koruyor; Kurumsallaşma ve Çoklu Zincir Genişlemesi Ekosistem Evrimini Vurguluyor

SoSo Crypto Daily | Thị trường Crypto vẫn còn ảm đạm; Thể chế hóa và Mở rộng đa chuỗi làm nổi bật sự phát triển của hệ sinh thái

SoSo Crypto Daily | 加密市场持续低迷；以太坊链上活跃创新高，WLFI推动Solana跨链生态，Tether调整支持链条

The crypto market remains subdued with a 1.3% drop in total market cap to $3.83 trillion and broad sector losses, while Ethereum bucks the trend with record on-chain activity driven by institutional inflows and network upgrades. WLFI is expanding its multi-chain presence with cross-chain tests and a major stablecoin mint on Solana, positioning USD1 as a top-five stablecoin and preparing for exchange listings after raising $2.26 billion. Institutional presence in Bitcoin is growing, now accounting for over 15% of holdings as ETFs and corporate treasuries increase their exposure. Tether will discontinue USDT support on five legacy blockchains to focus on higher-utility networks. Major token unlocks (SUI, ENA, IMX) and key US employment data releases this week also have the market’s attention for potential impacts on sentiment.

Market UpdateThe cryptocurrency market continues to experience a downturn, with the total market capitalization dropping 1.3% over the past 24 hours to $3.83 trillion. Bitcoin fell below $109,000, currently trading at $108,300 with a 1% daily decrease, while Ethereum dropped below $4,400, now at $4,395 after a 1.6% decline. Most crypto sectors posted losses between 1% and 4%, highlighting pervasive risk-off sentiment across digital assets.Ethereum Ecosystem Gains Momentum Amid Market WeaknessDespite the broader market softness, Ethereum stands out for its robust on-chain activity. On-chain transaction volume for Ethereum in August 2025 surpassed $320 billion—the highest level since May 2021. This surge is driven by increased asset allocation from enterprises and institutions, inflows into spot ETFs, and recent network upgrades that have reduced transaction costs and improved availability. DeFi total value locked (TVL) remains elevated, and validator/re-staking protocols are thriving, reinforcing Ethereum’s transformation from a speculative asset to a core pillar of global digital finance infrastructure.Multi-Chain Expansion: WLFI and Stablecoin DevelopmentsWLFI is conducting a small-scale cross-chain test on Solana today, aiming to assess transaction speed, congestion resistance, and smart contract efficiency in a high-throughput, low-cost environment. This move aligns with the accelerating adoption of cross-chain solutions—such as native USDC integration on XDC—and signals WLFI’s ambition to expand into DeFi and cross-border payment use cases. Additionally, WLFI is undertaking a significant one-time mint of 100 million USD1 stablecoins on Solana, marking one of the largest such events on the chain this year and paving the way for the launch of its governance token. USD1's total supply has exceeded $2.5 billion, establishing it as the fifth-largest stablecoin and positioning it to challenge USDT and USDC’s market dominance. WLFI will list on HTX and KuCoin on September 1, with Kraken also confirming an upcoming listing; the project has already raised $2.26 billion in funding.Rising Institutional Presence in Bitcoin HoldingsNew research from River reveals that as of August 2025, individual investors still control approximately 65.9% of circulating Bitcoin (about 13.83 million BTC). However, institutional holdings are on the rise: funds and ETFs account for 7.8% (about 1.63 million BTC), corporations hold 6.2% (about 1.3 million BTC), and governments control roughly 1.5% (about 30,600 BTC). Additionally, around 7.6% of Bitcoin is estimated lost, early miners hold 4.6%, and 5.2% remains unmined. The data points to a gradual but significant institutionalization of the Bitcoin market, accelerated by corporate treasury adoption and the growth of ETF investment vehicles.Tether Streamlines USDT Support to Focus on High-Utility BlockchainsTether announced it will cease support for USDT on five major legacy blockchains—Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand—starting September 1, 2025, freezing any remaining tokens on these networks. This strategic move reflects Tether’s intent to optimize its infrastructure, align with community usage trends, and concentrate resources on more active, utility-driven blockchains.Token Unlocks and Macro Data in FocusSeveral notable token unlocks are scheduled for the coming week: Sui (SUI) will unlock approximately 44 million tokens (1.25% of circulating supply, worth $143 million) on September 1; Ethena (ENA) will unlock around 40.63 million tokens (0.64% of supply, worth $26.21 million) on September 2; and Immutable (IMX) will unlock about 24.52 million tokens (1.27% of supply, worth $12.48 million) on September 5. On the macro front, markets are closely watching US employment data, including the July JOLTs job openings on Wednesday and the August non-farm payrolls report on Friday, for cues on broader risk sentiment.

Crypto Market Remains Subdued; Institutionalization and Multi-Chain Expansion Highlight Ecosystem Evolution

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