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- Bitcoin, Ethereum, Cosmos and more Week 9 2025
Bitcoin, Ethereum, Cosmos and more Week 9 2025
Keeping you updated on crypto, web3 and blockchain
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TL;DR
Strategy Buys $2B in Bitcoin, Expands Holdings
Three US Bitcoin Reserve Bills Fail Despite Trump’s Push
Adam Back Criticizes EVM After Bybit Hack
SEC Drops Case Against Consensys, Ends Ethereum Probe
Deutsche Telekom Joins Injective as Validator
Berachain Governance Phase One Goes Live
SEC Ends Robinhood Crypto Probe
House Dems Launch MEME Act to Ban Political Tokens
and much more!
Market, Airdrop & Memecoin Update
Before we dive in, make sure to check out our recent Market, Airdrop and Memecoin updates:
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Bitcoin Highlights of the Week
Strategy has acquired 20,356 BTC for $2 billion at an average price of $97,514, bringing its total holdings to 499,096 BTC, now worth over $47 billion. The purchase was funded through a $2 billion zero-coupon convertible note offering, with an option to issue an additional $300 million in notes.
With this latest acquisition, Strategy now controls 2.3% of Bitcoin’s total supply, maintaining a cumulative average purchase price of $66,357 per BTC. This move reinforces its long-term bullish stance on Bitcoin as a key corporate treasury asset.
Rezolve AI, a Nasdaq-listed AI firm, is building a $1 billion Bitcoin treasury, starting with $100 million. The initiative supports its AI-driven payment platform, allowing merchants to accept Bitcoin and Tether with instant fiat conversion and no merchant fees. CEO Daniel M. Wagner sees Bitcoin as essential to bridging traditional commerce and crypto.
Despite Bitcoin’s dip below $90,000, Rezolve AI remains committed to its long-term vision. The move follows a growing trend of corporations adopting Bitcoin as a hedge against inflation and economic uncertainty, aiming to reshape the future of digital payments.
Metaplanet and El Salvador added to their Bitcoin reserves before a 5% drop in BTC’s price on Feb. 25. Metaplanet purchased 135 BTC for $13 million at $96,185 per BTC, bringing its total to 2,225 BTC. El Salvador bought 7 BTC at around $94,050, increasing its holdings to 6,088 BTC.
Bitcoin fell below $91,000 before rebounding to $92,260, while crypto sentiment hit a five-month low. Meanwhile, spot Bitcoin ETFs saw $357.8 million in outflows, with Fidelity and BlackRock experiencing significant withdrawals. Despite market fluctuations, Metaplanet and El Salvador continue to see Bitcoin as a strategic asset.
Oklahoma is one step closer to becoming the first U.S. state to invest in Bitcoin as public funds. The Strategic Bitcoin Reserve Act (HB 1203) cleared the House Government Oversight Committee with a 12-2 vote and now moves to the House floor.
If passed, it would allow the state treasury to allocate up to 10% of public funds into digital assets with a market cap above $500 million—currently, only Bitcoin qualifies. Supporters argue Bitcoin can hedge against inflation, while critics cite volatility risks. A final House vote will determine whether Oklahoma cements its pro-Bitcoin stance.
Three state bills proposing Bitcoin reserves in Montana, North Dakota, and Wyoming were voted down, with lawmakers citing risks and speculation concerns. Montana’s bill lost 41-59, North Dakota’s was defeated 57-32, and Wyoming’s saw seven out of nine representatives oppose it.
Despite Trump’s pro-crypto stance, state-level Bitcoin reserve initiatives have struggled. However, Utah and Arizona are moving forward with similar proposals, with Utah’s nearing approval and Arizona’s bill allowing up to 10% of state funds in Bitcoin advancing. While Trump aims to make the US a crypto leader, state-level support remains inconsistent.
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Ethereum Highlights of the Week
The SEC has officially dismissed its case against Consensys, closing the MetaMask-related enforcement action. As part of the resolution, the SEC also halted its separate investigation into Ethereum, marking a regulatory shift in favor of blockchain developers.
Consensys praised the decision, citing a pro-innovation direction under new SEC leadership. With legal uncertainties lifted, the Ethereum ecosystem can now focus on development without immediate regulatory concerns. This outcome signals a changing approach to crypto regulation, potentially benefiting the broader industry.
Aya Miyaguchi is stepping down as Executive Director of the Ethereum Foundation to assume the role of President, focusing on institutional relationships and expanding the foundation’s vision. Vitalik Buterin confirmed a broader leadership restructuring as part of ongoing changes.
However, Miyaguchi has faced criticism from some in the Ethereum community over perceived shortcomings in addressing competitiveness and scaling challenges. Her new role aims to enhance Ethereum’s global influence while addressing these concerns. The leadership transition marks a pivotal moment for the foundation as it seeks to adapt to the evolving blockchain landscape.
The Ethereum Foundation has launched the “Silviculture Society,” an external advisory group focused on preserving Ethereum’s core values, including open-source development, privacy, security, and censorship resistance. The group consists of 15 researchers, developers, and project founders providing informal counsel.
The move follows Vitalik Buterin’s criticism of the industry's shift toward gambling and reinforces Ethereum’s commitment to its principles. Additionally, the foundation pledged $1.25 million toward the legal defense of Tornado Cash developer Alexey Pertsev, emphasizing that privacy is fundamental and coding should not be criminalized.
The Ethereum Foundation donated $1.25 million to support Tornado Cash developer Alexey Pertsev’s legal defense as he appeals his money laundering conviction in the Netherlands. Pertsev, arrested in 2022, was sentenced to over five years in prison for his role in the crypto mixer.
His attorney stressed the case’s significance for open-source developers. Ethereum co-founder Vitalik Buterin and Paradigm have also contributed to legal funds. The case raises concerns over privacy and regulatory pressure on blockchain developers, as Tornado Cash remains a focal point of global financial authorities.
Adam Back blamed Ethereum’s EVM for Bybit’s $1.4 billion hack, calling it “complex” and “unsecurable.” He argued that EVM vulnerabilities hurt the crypto industry’s credibility, but experts countered that multisig weaknesses and operational security failures were the real issues. Some noted that Bitcoin’s multisig setups also have risks.
Bybit has not confirmed whether EVM played a role, and Vitalik Buterin has not responded. The hacker, now among the largest ETH holders globally, surpassed Fidelity and Buterin. The debate highlights ongoing concerns about blockchain security across ecosystems.
Cosmos Highlights of the Week
Deutsche Telekom MMS has joined Injective’s validator set, reinforcing Injective’s institutional focus. As a major telecommunications firm with over 252 million customers, Deutsche Telekom brings significant enterprise infrastructure to the blockchain space. The collaboration aligns with Injective’s recent Nivara Mainnet Upgrade, enhancing real-world asset (RWA) tokenization and AI-driven DeFi applications.
This move strengthens Injective’s position as a leading institutional-friendly Layer 1 network, attracting more enterprises to its on-chain financial ecosystem. With this partnership, Injective aims to onboard traditional financial players, advancing blockchain adoption in institutional finance.
Levana has introduced the OM/USD market, enabling OM holders to trade with up to 4x leverage. MANTRA is seeding liquidity to support trading activity. As a Layer 1 blockchain focused on real-world asset tokenization, MANTRA ensures regulatory compliance while integrating with DeFi. Levana, a leading perpetual swaps platform in Cosmos, allows OM to be used for trading and liquidity provision.
Its in-kind perps structure enables OM holders to trade without converting to stablecoins. This collaboration expands OM’s utility, providing new capital-efficient DeFi opportunities for holders through leveraged trading and liquidity provision.
Berachain has launched the first phase of its governance system, allowing teams to submit proposals (RFRVs) to whitelist smart contracts for BGT emissions. This step is crucial for Berachain’s Proof of Liquidity mechanism, ensuring approved contracts become eligible for incentives.
Teams can submit RFRVs for BEX or general smart contract pools and receive community feedback before approval. The initiative aims to enhance decentralized governance and optimize liquidity distribution within the ecosystem. More details will be shared at Berapalooza as the rollout progresses.
Injective has unveiled Liquidity Availability, a new framework redefining on-chain liquidity management. Unlike traditional Total Value Locked (TVL) metrics, which reflect fragmented liquidity across applications, Liquidity Availability focuses on ensuring capital efficiency across a network.
Currently, liquidity is constrained within individual dApps, limiting its broader utility. Injective’s approach aims to address these inefficiencies by exploring cross-chain solutions like liquidity aggregators and tokenized bridges. This initiative seeks to enhance liquidity flow, reduce fragmentation, and improve DeFi accessibility, marking a significant shift in how liquidity is utilized across decentralized ecosystems.
Gate.io has officially integrated MANTRA Chain, adding mainnet $OM to its spot market. With over 21 million users, Gate.io provides OM holders with enhanced trading access. Deposits and withdrawals are now live via the MANTRA network.
To mark the integration, users can participate in a dedicated staking launchpool to earn additional OM rewards. This listing expands OM’s accessibility, reinforcing MANTRA’s growing presence in the DeFi ecosystem.
Other Highlights of the Week
House Democrats propose the MEME Act to ban public officials, including the president and Congress members, from launching or endorsing digital assets like TRUMP and MELANIA. The bill aims to prevent conflicts of interest, insider trading, and foreign influence. Lawmakers argue officials shouldn’t profit from crypto while in office.
Since launch, TRUMP has dropped 82% from its peak, and MELANIA has fallen 93%, highlighting risks tied to political memecoins. If passed, the legislation would restrict officials and their families from engaging in such crypto ventures.
The SEC has closed its investigation into Robinhood’s cryptocurrency platform without taking enforcement action. This follows a Wells Notice issued in May 2024, signaling potential regulatory scrutiny.
Robinhood maintained its stance against the SEC’s classification of digital assets as securities and welcomed the probe’s conclusion. The company also made strategic adjustments, avoiding products flagged by regulators.
Ethereum co-founder Vitalik Buterin supports calls to end the DOJ’s tax evasion case against Roger Ver, calling it "politically motivated." Ver, an early Bitcoin investor, was arrested in Spain and faces U.S. extradition. His lawyers argue the case is unconstitutional, citing vague exit tax laws.
Crypto advocates see the charges as part of the Biden administration’s anti-crypto stance. Buterin criticized the U.S. tax system, citing its harsh exit tax policies. The case follows a successful campaign to free Silk Road’s Ross Ulbricht, with industry leaders now rallying behind Ver’s legal battle.
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