Crypto Market Weekly Roundup: Key Events and Big Developments

Check the major events of the week in crypto market.

Metaplanet Buys 518 BTC in Latest Acquisition

Metaplanet, known as Asia’s MicroStrategy, reported strong Q2 earnings thanks to its bold Bitcoin strategy. Revenue rose 41% to $8.4 million, and net profits hit $75.1 million, reversing last year’s losses. The firm now holds 18,113 BTC and plans to reach 210,000 by 2027. Already ranked sixth worldwide and first in Asia for corporate Bitcoin holdings, Metaplanet is cementing its crypto position.

Trump signs order to extend China tariff truce by 90 days

Donald Trump has pushed back higher tariffs on China until November 10, extending the trade truce by 90 days. The move followed talks in Stockholm and aims to ease tensions ahead of the holiday season, though it highlights U.S. policy uncertainty.

Chainlink and ICE Partner to Bring Reliable Forex Data

In another crypto news, Chainlink, Intercontinental Exchange (ICE) is integrating its high quality data covering forex and precious metals markets to the Chainlink Data Streams platform. It shall enhance trust to banks and asset managers as well as over 2,000 apps using Chainlink. The addition of the high quality underpinning data that ICE produces to blockchain lowers costs, accelerates settlements, and unlocks new opportunities in the $30 trillion market of tokenized assets.

Nvidia Deal Triggers New US - China Trade Tensions

China has told companies to avoid Nvidia’s H20 chip just after Nvidia and AMD agreed to give 15% of revenues to the U.S. government in exchange for export licenses. The move could spark fresh U.S.-China tech tensions, threatening AI, crypto, and chip markets. Nvidia and AMD stocks slipped, while Bitcoin stayed above $122K. Analysts warn this standoff could spread into blockchain and fuel a wider trade war.

Ethereum Whale Alert: 7 Siblings Sells 19000 ETH

A mysterious Ethereum whale group called “7 Siblings” sold 19,461 ETH worth $88.2 million at an average of $4,532. Despite the sale, they still hold 1.2 million ETH valued at $5.6 billion. With ETH trading near $4,619, analysts see potential for a new all-time high above $4,890. The move has raised questions on whether the sale was profit-taking or a strategic play.

Do Kwon Admits Guilt in $40B Crypto Fraud Case

Do Kwon, co-founder of Terraform Labs and creator of TerraUSD and Luna, has pleaded guilty in a U.S. court to fraud charges. He admitted to misleading investors about TerraUSD’s stability before its $40 billion collapse. As part of a plea deal, prosecutors may recommend up to 12 years in prison, though he faces a maximum of 25. Sentencing is set for December 11.

Bitcoin at $124K ATH: Eyes on $130K Next

Bitcoin hit a new all-time high of $124,457 on August 14 before easing to $123,380. Softer U.S. CPI data and whale accumulation by MicroStrategy and El Salvador fueled the rally. Analysts say a break above $125K could trigger $6B in short liquidations and push BTC toward $130K. But if it fails to hold support at $118K–$110K, it could slide back toward $100,000.

BitMine Buys $600M in ETH in Just 10 Hours

BitMine Immersion Technologies shocked the market by buying 135,135 ETH worth $600M in just ten hours. This raised its total holdings to nearly 1.3M ETH valued at $5.77B. The company seems to be moving from mining to a treasury-based model focused on Ethereum accumulation and staking, mirroring MicroStrategy’s Bitcoin approach.

Kraken Halts Monero Deposits After 51% Network Attack

Kraken suspends Monero (XMR) deposits after a 51% attack by mining pool Qubic, which briefly controlled over half the network’s power. The attack reorganized blocks and left dozens orphaned, raising the risk of double-spending in the crypto space. Trading and withdrawals remain open, but deposits will resume only once the network is stable again.

SEC Signals Bitcoin Entry Into 401(k) Plans

The U.S. SEC is looking into allowing Bitcoin and other cryptocurrencies in 401k retirement plans . Commissioner Hester Peirce confirmed that early steps have already begun. With $12.5 trillion in U.S. pension funds, even small allocations could boost crypto markets.