Happy Friday! Welcome to the 35th instalment of the Coinbyte Weekly Wrap.

The market traded in a weaker range this week, with Bitcoin opening at around US$81,272, reaching a weekly high of US$81,433 before declining to a current price of US$76,723, representing a decline of approximately 5.59% from the weekly opening price.

Major altcoins also closed the week mostly in negative territory, with Ether down 1.97%, BNB slipping 1.27%, Solana falling 4.17%, and Cardano declining 6.04%. Dogecoin fell 4.20%, while TRX stood out with a 3.26% weekly gain. USDT and USDC declined 0.04% and 0.01% respectively.

Trading activity across major cryptocurrencies remained active: BTC average daily volume reached approximately US$27.6bn over the past seven days, while USDT recorded around US$67.0bn, with ETH and SOL averaging approximately US$13.7bn and US$3.0bn respectively.

Meanwhile, institutional accumulation continued to feature in the market, with Bitmine purchasing 28,086 ETH, bringing its holdings close to 5% of Ethereum’s total supply. Strive increased its Bitcoin holdings by 1,375 BTC, while SATA moved closer to the US$1 billion milestone.

Overall, this week’s market action showed weaker price performance across Bitcoin and most major altcoins, while TRX was the only major asset in the table to record a weekly gain.

Beyond price action, institutional demand remained a key theme this week. Bitcoin formed a golden cross as its 50-day moving average moved above the 200-day moving average, while U.S. spot Bitcoin ETFs recorded US$986.9 million in weekly inflows, bringing the three-week total to US$3.8 billion and total net assets to US$101.3 billion. Institutional exposure also expanded beyond Bitcoin, with Standard Chartered launching spot BTC and ETH trading for institutional clients in the UAE, while 30 institutions disclosed a combined US$74.9 million in U.S. HYPE ETF holdings.

Stablecoins and tokenized financial infrastructure also continued to advance. Visa’s stablecoin settlement volume surpassed a US$20 billion annualized run rate, up more than 15x year over year, with more than 160 stablecoin-linked card programs now live on its network. U.S. Bank completed a live cross-border payment pilot using its USBDC stablecoin, while DBS and Citi completed a weekend USD transfer using tokenized deposits through Swift’s Digital Ledger, settling in minutes. South Korea also unveiled a three-stage roadmap to tokenize stocks, bonds and funds, with its final stage targeting on-chain settlement infrastructure linked to stablecoins.

The industry is also moving toward a more accessible digital financial system. Ethereum developers committed Frame Transactions to the planned 2027 Hegotá upgrade, which could allow users to transact without holding ETH for gas fees. Together, these developments show that institutional adoption is increasingly moving beyond crypto asset exposure toward stablecoin payments, tokenized securities, faster settlement and infrastructure designed to make digital assets more accessible and integrated into the broader financial system.

Performance

Newsflow

Market | Bitcoin Forms Bullish Golden Cross

Bitcoin has formed a “golden cross,” with its 50-day moving average moving above the 200-day moving average, a widely watched bullish technical signal. Historically, Bitcoin’s three-month gain following this signal averaged 24.9%, though past performance has been mixed. link

Stablecoin | Visa Stablecoin Settlements Top US$20B

Visa’s stablecoin settlement volume has surpassed a US$20 billion annualized run rate, up more than 15x year over year. More than 160 stablecoin-linked card programs are now live on Visa’s network, with payment volume growing nearly 200% from a year earlier. link

More News

Tokenization | DBS and Citi completed the first weekend cross-border USD payment between Singapore and the U.S. using tokenized deposits on Swift’s Digital Ledger, settling in minutes instead of the usual up to two business days. The transaction highlights the potential of tokenized deposits to enable 24/7 cross-border payments. link

Market | U.S. spot Bitcoin ETFs recorded US$986.9M in net inflows in the week ending Sept. 5, bringing the three-week total to US$3.8B, the strongest three-week inflow streak of 2026. Total net assets reached US$101.3B, highlighting renewed institutional demand for Bitcoin exposure through regulated investment products. link

Institution | Standard Chartered has launched spot Bitcoin and Ether trading for institutional clients in the UAE, becoming the first global systemically important bank (G-SIB) to offer such services in the country. The DFSA-regulated service allows eligible institutions to trade BTC and ETH through the bank’s existing electronic trading channels. link

DeFi | UBS, Bank of Montreal, Jane Street and other major institutions have disclosed holdings in U.S. Hyperliquid ETFs, with 30 firms reporting a combined US$74.9 million in positions as of June 30. The three HYPE ETFs have also attracted about US$356.6 million in cumulative net inflows since launch, highlighting growing institutional exposure to Hyperliquid through regulated investment products. link

Tokenization | South Korea’s financial regulator has unveiled a three-stage roadmap to tokenize securities including stocks, bonds and funds, starting in February 2027. The final stage aims to establish on-chain settlement infrastructure linked to stablecoins, subject to the progress of the initial phases and pending stablecoin legislation. link

Ethereum | Ethereum developers have committed Frame Transactions (EIP-8141) to the planned 2027 Hegotá upgrade, allowing apps or other accounts to pay transaction fees on a user’s behalf. This could let users transact without holding ETH, while also enabling bundled transactions and more flexible account authorization. link

Stablecoin | U.S. Bank has completed a live cross-border payment pilot using its proprietary USBDC stablecoin on the Stellar blockchain, moving value between its North American and European entities. The pilot tested stablecoin issuance, redemption, freezing and clawback functions, supporting the bank’s exploration of 24/7 payments, liquidity management and cross-border treasury operations. link

Disclaimer: This newsletter and its contents are for informational purposes only and do not constitute financial, investment, or trading advice from BYTEATLAS PTY LTD, trading as CoinByte AU (“CoinByte”). CoinByte is not a licensed financial adviser. Readers should not make any investment decisions based on this newsletter without independent research and advice from a qualified professional. The information may be incomplete or inaccurate, and CoinByte makes no representations about its accuracy. Opinions expressed in quoted material are those of the original authors and do not necessarily reflect CoinByte’s views. Cryptocurrency is highly volatile and risky. Use of this information is at your own risk, and CoinByte is not liable for any losses arising from its use.