Day: August 28, 2025

BlackRock Crypto Buys $750M in Bitcoin and Ethereum

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BlackRock (NYSE:BLK) has made waves in the cryptocurrency market with a massive two-day acquisition of Bitcoin (BTC) and Ethereum (ETH), demonstrating growing institutional confidence in digital assets. As adoption of crypto among major corporations heats up, BlackRock’s purchase signals that traditional finance is increasingly intertwining with the digital economy.


Two-Day Buying Spree

Bitcoin and Ethereum have seen price fluctuations recently, yet BlackRock moved decisively to acquire these crypto leaders. On August 27, the asset manager purchased 413 BTC valued at $46 million and 73,864 ETH worth $342 million. This followed a prior acquisition of 568 BTC for $62.6 million and 65,901 ETH valued at $292.6 million, bringing the total investment close to $750 million within two days.

Such rapid accumulation highlights the firm’s conviction in crypto as an institutional-grade asset class. The purchases were made through BlackRock’s cryptocurrency Exchange-Traded Fund (ETF) products, marking one of the largest single-day crypto acquisitions by a traditional financial institution in 2025.


Institutional Demand for Bitcoin and Ethereum

BlackRock’s move reflects broader trends of institutional adoption. Large holders of BTC and ETH, often called whales, are returning to the market. Data from on-chain analytics provider Santiment shows that wallet addresses holding 1,000 BTC increased by 13, bringing the total to 2,087. For Ethereum, 48 new wallets now hold at least 10,000 ETH, totaling 1,275 wallets.

The return of these whales indicates a potential shift in market dynamics, with high-net-worth investors boosting confidence even amid short-term bearish pressures. Institutional involvement can provide liquidity and reduce volatility, making cryptocurrencies more attractive to a wider range of investors.


Market Impact

At the time of reporting, BTC traded around $113,182, while ETH hovered near $4,573. Despite a 13% decline in Ethereum’s trading volume over the past day, Bitcoin’s volume saw a modest 5% increase. The timing of BlackRock’s purchases during this period of market fluctuation underscores the firm’s long-term conviction in the growth trajectory of both cryptocurrencies.

BlackRock’s acquisitions also indicate increasing mainstream acceptance of cryptocurrencies in conventional financial strategies. With ETFs and other regulated crypto products, traditional investors can gain exposure to digital assets without holding the tokens directly, bridging the gap between conventional finance and the crypto ecosystem.


The Bigger Picture

The firm’s strategic purchases follow growing interest in cryptocurrency as a hedge and investment vehicle. By integrating BTC and ETH into its ETF products, BlackRock is helping validate cryptocurrencies as legitimate institutional-grade assets. This could encourage other large asset managers and financial institutions to expand their exposure, potentially fueling further market growth.

Overall, BlackRock’s crypto acquisitions underscore a notable shift in financial markets. Large-scale institutional participation signals confidence in Bitcoin and Ethereum as viable long-term investments. As adoption continues to rise, the boundary between traditional finance and digital assets is likely to blur, with BlackRock leading the charge in bridging these two worlds.

Future Implications

Looking forward, BlackRock’s large-scale purchases may encourage additional institutional investors to enter the cryptocurrency market. Increased adoption by traditional finance could lead to higher liquidity, reduced volatility, and more robust price support for both BTC and ETH. Regulatory clarity around ETFs and other crypto products may also accelerate participation from pension funds, insurance companies, and corporate treasuries.

If this trend continues, we may see a new era where cryptocurrencies coexist seamlessly with traditional financial instruments, providing diversified exposure for investors while solidifying Bitcoin and Ethereum as key components of long-term portfolios. BlackRock’s actions serve as a benchmark for institutional confidence in digital assets, potentially shaping market trends for years to come.

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Ethereum: Wall Street’s Token of Choice

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Ethereum (ETH) is rapidly gaining traction as the blockchain of choice for Wall Street, with analysts and institutional investors predicting record highs this year. Jan van Eck, CEO of VanEck (NYSE:VANE), called Ether “the Wall Street token” in a recent interview, highlighting the growing role of Ethereum in decentralized finance and institutional portfolios.


Institutional Adoption Drives Ethereum Growth

Ether is attracting unprecedented attention from treasury firms and asset managers. According to data compiled by DefiLlama, roughly $147 billion of stablecoins reside on Ethereum, representing about half of the $280 billion stablecoin market. Van Eck noted that with the Genius Act signed into law, banks are now positioned to issue their own stablecoins. This move makes Ethereum rails the de facto platform for financial institutions seeking to handle stablecoins efficiently.

In addition, roughly 70 treasury firms hold nearly $20 billion in Ether on their balance sheets, reflecting strong institutional conviction. Analysts see this growing demand as a catalyst for Ethereum prices potentially surpassing previous all-time highs.


Ethereum Virtual Machine Powers Innovation

A key reason Ethereum remains attractive to Wall Street is its Ethereum Virtual Machine (EVM). The EVM powers smart contracts across Ethereum and supports Layer 2 networks like Arbitrum and Optimism, along with EVM-compatible chains such as Polygon (MATIC).

This technical backbone allows developers, capital, and code to flow seamlessly, creating a robust ecosystem for decentralized applications. Van Eck emphasizes that entities building on Ethereum, or using Ethereum’s methodology, are positioned to benefit most from the growing adoption curve.


Staking Yields and Tokenization Potential

Ethereum also offers attractive financial incentives for investors. The network provides roughly 3% staking yield, which is higher than Bitcoin (BTC), making Ether appealing for institutional staking strategies. Beyond staking, Ethereum’s tokenization capabilities could unlock a massive $19 trillion opportunity, enticing further adoption by corporate treasuries and investment funds.

Analysts such as Geoffrey Kendrick from Standard Chartered (LSE:STAN) project Ethereum could top $7,500 by year-end, while BitMEX co-founder Arthur Hayes forecasts a potential $20,000 in this cycle. This optimism is fueled by institutional demand, regulatory clarity, and the growing stablecoin ecosystem.


ETFs and Wall Street Influence

Ethereum’s rise on Wall Street is also tied to the growth of Ether ETFs, which facilitate institutional participation. ETFs allow funds and investors to gain exposure without directly holding the tokens, expanding Ethereum’s market reach. Van Eck, Tom Lee of Fundstrat, and other analysts see ETFs as a driver that will push Ethereum prices higher, reinforcing its status as a preferred blockchain for financial institutions.


The Bottom Line

Ethereum’s growing prominence among institutional investors is reshaping its market narrative. With robust technical infrastructure, staking rewards, treasury adoption, and regulatory support for stablecoins, Ethereum is becoming Wall Street’s blockchain of choice.

For investors, the combination of institutional adoption, ETF inflows, and technical innovation makes Ethereum a compelling asset. Analysts expect further upside in the near term, cementing its role as a central player in both decentralized finance and traditional financial markets.

Additional Insights

Looking ahead, Ethereum’s role in the broader financial ecosystem may continue to expand. The network’s ability to integrate with traditional finance, support stablecoin issuance, and host tokenized assets positions it as a bridge between legacy institutions and the growing DeFi sector. Furthermore, continuous upgrades to Ethereum’s protocol, such as improvements to network scalability and gas efficiency, could attract even more institutional participants.

With rising adoption and innovation, Ethereum may increasingly serve as a backbone for financial products beyond cryptocurrencies, including securities, derivatives, and programmable cash. This convergence of technology and finance underscores why Ethereum is not just a cryptocurrency but a strategic platform shaping the future of Wall Street.

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The9 GameFi Platform the9bit Hits 1 Million Users

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SINGAPORE, Aug. 27, 2025 /PRNewswire/ — The9 Limited (Nasdaq: NCTY) today announced that the9bit, The9 GameFi platform that turns game purchase into rewarding experiences, has surpassed 1 million users in less than one month since its launch.

Quote from Martin Hoon, Head of Web3, The9 Limited

“We extend sincere thanks to its users for their continued support, which has been key to this rapid success. the9bit focuses on Web2 game players and rewards them are through Web3. We will send out the solid Web3 rewards to game players very soon. It is a perfect combination of game, player and finance. It is the beginning of our brand new Web3.5 spirit disrupting the traditional web2 gaming.”

About the9bit

the9bit is a next-generation gaming platform where players can get games including AAA IP console games and mobile titles, complete daily missions, watch ads, post content, and lead communities — all while earning flexible, token-convertible points. It combines a simple Web2 UX with a powerful Web3 engine under the hood: auto-generated wallets, local fiat support, optional KYC, and built-in creator tools make it easy for anyone to join. Visit the9bit.com for more information.

About The9 Limited

The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 is committed to becoming a global diversified high-tech Internet company and is engaged in online games operation and Bitcoin mining business.

Cision View original content:https://www.prnewswire.com/news-releases/the9-gamefi-platform-the9bit-hits-1-million-users-302539705.html

SOURCE The9 Limited

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