Ethereum, on the other hand, declined by 1.79% over the same period. Its price fluctuated between $4.26K and $4.49K. U.S. jobless claims data increased expectations for the Fed’s rate decision. As a result, volatility remained high for both BTC and ETH. 

Meanwhile, Bitcoin showed stronger resilience throughout the week. Ethereum, despite the outflows, managed to maintain relative stability. However, investor interest diverged sharply between the two assets. 

Major Bitcoin and Ethereum News of the Week 

Bitcoin ETF inflows were the highlight of the week. On September 2, spot ETFs recorded $333M in net inflows, followed by $301M the next day. The weekly total reached $246M. Institutional demand also continued; MARA added 705 BTC to its treasury, while Strategy purchased 4,048 BTC. In addition, the SEC and CFTC announced a joint roundtable on September 29. This aims to create a clearer regulatory framework for U.S. crypto markets. 

Ethereum told a different story. U.S. spot Ethereum ETFs registered $787M in net outflows during the week. Previously, ETH ETFs often outpaced BTC inflows, but this time trends reversed. Still, large corporate purchases supported the price. BitMine added 38,708 ETH ($167M) just days after a $358M acquisition. As a result, ETH treasury holdings surpassed $8B. 

Meanwhile, Bloomberg analyst James Seyffart predicted the start of an altcoin season. His remarks strengthened long-term expectations for ETH’s performance. 

Conclusion: Bitcoin Outpaced Ethereum This Week 

By the end of the week, market sentiment shifted clearly in Bitcoin’s favor. Strong inflows and institutional buying pushed BTC ahead of ETH. However, Ethereum’s relative stability showed resilience despite the outflows. In short, Bitcoin emerged as the weekly winner, but ETH’s recovery potential remains intact. 

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The post Bitcoin and Ethereum Weekly Comparison: Key Developments appeared first on Coin Engineer.

The law not only facilitates transactions but also provides strong legal safeguards by exempting crypto mining and staking activities from licensing requirements. State agencies will not be allowed to prevent citizens from using their own wallets or making payments with cryptocurrencies. 

The bill, which passed the Technology and Innovation Committee with a bipartisan 13-0 vote, will next be sent to the Senate before being submitted to Governor Mike DeWine for final approval. 

Legal Protection for Crypto Mining and Staking 

The bill permits individuals to mine cryptocurrencies in residential areas as long as they comply with noise regulations. In industrial zones, there will be no restrictions on mining activities. Furthermore, state authorities will not be able to impose specific limitations on such operations. 

The bill eliminates the requirement for money transmission licenses for numerous activities that help run blockchain systems. Activities such as crypto mining, staking, and operating blockchain nodes will not require licenses on these grounds. The exchange of digital currencies, along with the development and distribution of software that supports these operations, will also be included in this scope. 

It also prohibits any legal barriers to the use of crypto wallets and software development activities. At a time when federal pressure is mounting, Ohio is emerging as one of the most crypto-friendly states. Additionally, businesses engaged in such activities will not be presumed to offer securities or investment contracts. The use of crypto wallets—whether hardware-based or self-hosted—will also be protected from restrictions by state agencies. 

Ohio is also considering another bill that aims to establish a “Bitcoin Reserve Fund.” States like Arizona, New Hampshire, Florida, and Texas are taking similar steps. The U.S. Senate recently passed the historic GENIUS Act. While Ukraine is preparing to establish a Bitcoin reserve, Pakistan is also exploring similar measures. 

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JPMorgan is preparing to offer loans backed by crypto ETFs, starting with BlackRock’s Bitcoin ETF, IBIT. According to a Bloomberg report, JPMorgan will roll out this financing service based on crypto ETFs in the coming weeks. This move comes after the Trump administration eased regulatory barriers on crypto assets. 

JPMorgan will now consider the crypto assets of its wealthy clients when calculating borrowable assets. As a result, clients will be able to include Bitcoin and other digital assets in their borrowing accounts, just like stocks, real estate, and precious metals. Recently, the Moscow Exchange also launched futures products based on BlackRock’s Bitcoin ETF, but limited them to accredited investors only. 

IBIT Attracts Institutional Investors 

BlackRock’s IBIT ETF has seen strong institutional demand since its launch. SoSoValue data shows the fund has reached $70.16 billion in net assets. IBIT received uninterrupted inflows for 31 consecutive days, a streak that ended on May 30. Bloomberg analyst Eric Balchunas predicts that the IBIT ETF will soon surpass Satoshi Nakamoto’s holdings of 1.12 million BTC. According to his list shared on platform X, akredite now ranks among the top 25 largest ETFs, despite being nine times younger than the other funds on the list — currently placing 23rd. 

Here's a table of the Top 25 biggest ETFs and their age. At 1.4 yrs old $IBIT is youngest on list by NINE times. It's like an infant hanging out with teenagers and twenty-somethings. Quite poss the most insane IBIT stat yet (and there are many) via @SirYappityyapp pic.twitter.com/w63XSkD7f6

— Eric Balchunas (@EricBalchunas) June 3, 2025

JPMorgan is launching this new credit service despite previous criticism from its CEO Jamie Dimon, who recently stated that the U.S. should stockpile bullets and rare elements instead of Bitcoin. JP Morgan has become the latest high-profile financial giant to offer its clients access to cryptocurrencies. Companies like Fidelity and Standard Chartered have also launched digital asset trading services this year for both institutional and retail clients.

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According to NBC News, Ossoff said, “I saw just 48 hours ago; he’s granting audiences to people who buy his meme coin,” arguing that selling access to the President for financial gain constitutes an impeachable offense.

The Senator added that impeachment would be difficult unless the Democratic Party retakes control of Congress in the 2026 midterm elections. Currently, Trump’s Republican Party holds a majority in both the House and the Senate.

Private Dinner Invitation for TRUMP Coin Holders

On April 23, the official TRUMP token website announced that President Trump would host an exclusive dinner at his Washington, DC golf club for the top 220 TRUMP wallet holders.

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The website published a leaderboard to track eligible wallets and specified that participants must pass background checks and cannot be from any country flagged in Know Your Customer (KYC) watchlists. Guests are not allowed to bring additional companions.

Following the announcement, the TRUMP token price surged by more than 50%. However, on April 25, the TRUMP team denied rumors that participants would need to hold at least 300,000$ worth of TRUMP to attend, clarifying that the official leaderboard is the only accurate source.

Conflict of Interest Concerns Rise

Legal experts have raised serious concerns about potential conflicts of interest surrounding Trump’s cryptocurrency ventures, including the TRUMP memecoin and the Trump-affiliated decentralized finance (DeFi) protocol World Liberty Financial.

Charlyn Ho of law firm Rikka emphasized that several executive orders signed by Trump significantly impact the crypto and digital assets industry, warning that “if he derives personal financial benefits from his own policies, that’s a conflict of interest.”

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Speaking at the SEC “Know Your Custodian” roundtable event on April 25, Peirce said, “It’s time to end this game. We need to turn on the lights and build walkways over the lava pit.”

Peirce explained that due to regulatory uncertainty, SEC-registered firms are forced to avoid direct engagement with crypto-related activities.

Investment Advisers Move Through Uncertainty

Peirce noted that investment advisers often do not know which crypto assets qualify as securities, which entities are considered qualified custodians, and whether “staking or exercising voting rights” would trigger custody violations.

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“In this regulatory game, if they misstep, they fall into burning legal lava—with no lamp to light the way,” she said.

Peirce also emphasized that brokers or alternative trading systems (ATS) that cannot custody or manage crypto assets will find it nearly impossible to facilitate trading, hindering the development of a strong market.

Signs of Change Within the SEC

SEC Commissioner Mark Uyeda echoed similar concerns, stressing the need for SEC registrants to access custodial solutions that meet legal requirements. Uyeda suggested allowing advisers to use state-chartered limited-purpose trust companies as qualified custodians.

Newly appointed SEC Chair Paul Atkins added that blockchain technology could bring “huge benefits” in efficiency, risk mitigation, transparency, and cost reduction. He stated that one of his main goals is to create “clear, fit-for-purpose regulatory rules” for digital assets, addressing the uncertainty left from former chair Gary Gensler’s tenure.

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This move aligns with the Trump administration’s shift in crypto regulation, following similar case dismissals for Coinbase, Robinhood, Uniswap Labs, and OpenSea.

SEC Ends Investigation Into Web3 Gaming Platform Immutable

Immutable, an Ethereum-based gaming platform, also saw its SEC probe closed after a five-month investigation into its IMX token. No enforcement action was taken.

A Shift in SEC’s Crypto Policy

After dropping its Coinbase case, SEC acting chairman Mark T. Uyeda stated that these dismissals reflect the agency’s ongoing efforts to rectify its approach and create more transparent crypto policies.

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However, SEC clarified that these dismissals do not set a precedent for other cases.

Kraken welcomed the decision, calling it “the end of a wasteful, politically motivated campaign,” and hinted at potential IPO plans, making it the second publicly listed crypto company after Coinbase.

The SEC crypto task force announced four new roundtable discussions on digital asset regulations, set to run between April and June 2025. Task force leader Hester Peirce emphasized the importance of industry expert discussions in shaping policy.

SEC Charges Against Kraken, ConsenSys, Cumberland DRW, and Crypto.com

• Kraken was sued in November 2023 for operating as an unregistered securities exchange, broker, and clearing agency.
• ConsenSys faced legal action in June 2024 over its MetaMask Staking service, allegedly offering unregistered securities.
• Cumberland DRW, a Chicago-based trading firm, was accused in October 2024 of acting as an unregistered dealer, handling over $2 billion in crypto assets.
• Crypto.com was also cleared of any wrongdoing as SEC officially closed its investigation.

Under acting chairman Uyeda, SEC has taken a more collaborative approach, signaling a departure from strict enforcement policies.

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