Weekly Cryptocurrency News Summaries | August 30, 2025 (Coinpedia Digest)

In the world of cryptocurrency, the past week has been marked by significant developments. Here's a roundup of some of the key events that have shaped the landscape.

Google, a tech giant, has raised concerns about centralisation in the decentralised finance (DeFi) sector. The company's integration of MetaMask wallet creation with Google and Apple logins, and Google Cloud's testing of its own blockchain with CME Group, could potentially tighten Google's grip in the crypto space.

On a more positive note, 21Shares has filed with the SEC to create the first SEI ETF in the U.S., a move that could boost the crypto market.

Senator Bam Aquino of the Philippines has proposed an interesting idea: putting the entire national budget on-chain to ensure transparency in government spending. This could potentially make the Philippines a global leader in blockchain adoption for governance.

Ethereum has been on a climb, and the reasons are numerous. Strong inflows into spot ETH ETFs, company reserves, macro optimism, hints of Fed rate cuts, and growing real-world adoption have all contributed to Ethereum's new all-time high of $4,945.

The rise of Ethereum has also sparked expectations for altcoins. As ETFs expand, altcoins are expected to gain ground, narrowing Bitcoin's dominance and fueling institutional diversification.

Binance futures trading briefly went offline, causing a shift in market dynamics. This incident highlighted the importance of robust infrastructure in the crypto market.

Pantera is preparing a massive raise to turn a listed company into "Solana Co.", adding to its $300M bets and fueling rising institutional appetite for SOL. This move could potentially boost the popularity of Solana in the crypto market.

The security debate has intensified, with El Salvador's moves and Vitalik's warnings spotlighting post-quantum resilience. This is a critical issue as the crypto industry continues to grow and evolve.

Mantle now holds the largest treasury in DeFi, outpacing the Ethereum Foundation and ENS. This development underscores the growing importance of decentralised finance in the crypto ecosystem.

Trump Media, a Trump-linked venture, bought $105 million worth of CRO tokens and entered a $6.4 billion venture with Crypto.com. This move suggests that politics and crypto are increasingly intertwined, with elections now moving markets as much as regulation.

El Salvador has moved its Bitcoin reserves into 14 new wallets, each holding no more than 500 BTC, to reduce future risks from quantum computing. This is a proactive measure to ensure the safety of their Bitcoin reserves.

Grayscale has filed with the SEC to turn its Avalanche Trust into a spot AVAX ETF, and has moved forward with Cardano (ADA) and Polkadot (DOT) ETFs. These moves could potentially boost the prices of these altcoins.

The US Department of Commerce started publishing GDP data directly on public blockchains. This is a significant step towards blockchain becoming core infrastructure for transparency worldwide.

Finally, American Bitcoin, backed by Donald Trump's sons, is set to list on Nasdaq in early September. This listing could potentially bring more mainstream attention to Bitcoin and the crypto market as a whole.

Gemini launched the XRP-Gemini Credit Card, offering up to 4% back in XRP or other cryptocurrencies. This card could potentially increase the use of XRP in everyday transactions.

In the midst of these developments, the debate about centralisation risks in DeFi, the rise of Ethereum, the growing importance of altcoins, and the intertwining of politics and crypto continue to shape the crypto landscape. Stay tuned for more updates in the coming weeks.