The Incrypted editorial team has prepared a digest of this week’s major Web3 and AI events for you. In it, we will tell you about the U.S. government shutdown, the growth of the crypto market, a wave of new ETFs, amendments to the Ukrainian bill on virtual assets, the state of billionaire Elon Musk, and the bitcoin portfolio of Pavel Durov, co-founder of Telegram.
Top Stories
About bitcoin
In September 2025, bitcoin closed with a gain of more than 5% despite a correction at the end of the month. What is noteworthy is that statistically, this period is rather negative for the asset.
- Price changes this week
Since the beginning of the week, the asset has demonstrated a steady uptrend. In particular, on the night of October 3, 2025, bitcoin broke through the level of $121,000, after which it continued to grow. At the time of preparation of the material, it had reached a new all-time high and is trading at $122,851:
- Complexity mining updated ATH
On October 1, there was a recalculation of this indicator. It increased by 5.97%, reaching 150.84 T. This is the seventh consecutive increase in the indicator. The higher the difficulty of mining, the lower the income of miners.
- Experts’ predictions
Against the background of crypto market growth in the middle of the week, analysts adhered to bullish rather than bearish forecasts. CryptoQuant experts are confident in bitcoin’s movement towards the $130,000 level and that the next changes in the market will be massive.
JPMorgan Chase, in turn, pointed to the underestimation of the asset relative to gold. With both bitcoin and the precious metal absorbing more risk capital, the price of the former cryptocurrency should rise to $165,000 to make up the gap.
- Strategy’s co-founder was interviewed about the company, bitcoin, and fear in the marketplace
Michael Saylor talked about how Strategy’s business model works, why global paradigm shifts, specifically in this case, financial, are always accompanied by criticism and panic, and the role of bitcoin as an economic hope. Read more in our piece.
- Starknet launches bitcoin staking and $100 million BTCFi incentive program
Starknet’s L2 team has launched a number of efforts to support the first cryptocurrency. This includes steaking, institutional yield strategies, integration of key DeFi partners and a 100 million STRK fund to support liquidity and credit markets.
- Tether bought 8,888 BTC
The investment is valued at around $1 billion and was made by the company on September 30, 2025. The firm has a total bitcoin portfolio of 86,000 BTC.
- The Swedish Parliament received a proposal from the deputies to create a national bitcoin reserve
Democrats Dennis Diukarev and David Perez came up with such an initiative. They believe that this will protect the country’s reserve from inflation and economic instability. They also demanded official confirmation that Sweden does not plan to launch a central bank digital currency (CBDC).
About Ethereum
- Month in Review
Unlike bitcoin, September was a bad month for Ethereum, with the asset sagging 5.71%. It traded sideways for most of the period before also facing a correction at the end of the month. As with bitcoin, September is predominantly negative for Ethereum.
- Price changes during the week
Like the market as a whole, the asset saw positive dynamics on October 2-3. It broke through the $4500 level, but failed to consolidate on it. After that, there were several more breakout attempts, but unsuccessful. When preparing this material, Ethereum is traded at $4547:
- Bit Digital will raise $100 million to expand its Ethereum treasury
The company announced the issuance of convertible bonds for the said amount. Bit Digital plans to use the funds raised primarily for Ethereum purchases, as well as for general corporate purposes, including potential investments, acquisitions and other digital asset business opportunities. It is ranked as the sixth largest corporate holder of Ethereum.
Crypto Funds
- Last week’s results
The spot bitcoin and Ethereum-ETF sectors recorded net capital outflows of nearly $1.7 billion between September 22 and September 26, 2025.
- Capital flows this week
From September 29 to October 3, 2025, the spot bitcoin- and Ethereum-ETF sectors saw exceptionally positive flows. The former sector saw net capital inflows of $3.24 billion and the latter $1.3 billion, according to SoSoValue.
- Alem Crypto Fund investment fund was launched in Kazakhstan
This is a private financial product, but with support from the authorities. The first investment of the fund was the purchase of BNB coins for an unspecified amount.
- The expert estimated the probability of launching new cryptocurrency ETFs at 100%
Such a forecast was shared by Bloomberg Intelligence analyst Eric Balchunas. This happened after the SEC proposed new rules for the registration of such products.
- Rex Shares and Osprey Funds filed applications for 21 cryptocurrency ETFs
These are all altcoin-based products. In addition, the company funds are registered under the Company Act of 1940, thanks to which they will be reviewed under a simplified procedure.
Regulation and Policy
- The Polish Sejm supported a controversial law on crypto-assets with fines and prison terms
This is an initiative designed to implement the provisions of the MiCA regulation into local law. The law provides for a significant expansion of the powers of the Polish Financial Supervision Commission (KNF), which gets the right to issue licenses to crypto service providers (CASP), control the issuance of tokens, block suspicious domains and impose millions of dollars in fines.
- Pavel Durov accused France of censorship attempts during the elections in Moldova
Pavel Durov, co-founder of the Telegram project, said that French security services demanded that he block channels in the messenger that took an oppositional stance on the ruling regime in Moldova. As a reward for this, he was offered to help solve legal problems.
- Media: Turkey will give the regulator the authority to block crypto accounts
It is about expanding the powers of the Agency for the investigation of financial crimes (MASAK). It is assumed that the regulator will be authorized to freeze accounts in banks, payment services, e-money issuers’ accounts, and crypto platforms. The agency will also be able to:
- Set transaction limits
- Block mobile banking
- Add crime-related cryptocurrency addresses to a blacklist
- In the bill on virtual assets in Ukraine made more than 2500 corrections
This information was shared by people’s Deputy Yaroslav Zheleznyak. According to him, the bill will go to the second reading only after all of them will be summarized in a document.
- The authorities of New York proposed to introduce a tax on mining because of the growth of energy consumption
It can reach up to $0.05 per 1 kWh at high consumption. Additional funds will be used to help those households that can not independently pay the growing utility bills.
Artificial Intelligence and New Solutions in This Area
- OpenAI has launched an updated video generation model – Sora 2
OpenAI has launched an updated video generation model – Sora 2. The developers note that it significantly surpasses the previous version in terms of physical accuracy and ability to transmit complex actions. The novelty also supports synchronization of dialogs and sound effects.
- Meta and CoreWeave have signed a $14 billion contract for the supply of AI infrastructure
CoreWeave has announced that it has signed a $14.2 billion agreement with Meta Platforms. As part of the contract, the firm will give the social giant access to Nvidia GB300 advanced systems. According to CoreWeave CEO Michael Intrator, Meta’s choice is due to its successful track record of collaboration on previous contracts.
- Anthropic has launched Claude Sonnet 4.5
Anthropic has announced the launch of its large language model Claude Sonnet 4.5. According to the developers, the new product demonstrates the highest performance among its AI models in the programming domain.
- Bloomberg: OpenAI has become the world’s most valuable private company with a $500 billion valuation
The company has surpassed billionaire Ilon Musk’s SpaceX space rocket manufacturer. This valuation was achieved after the sale of shares by employees to investors for about $6.6 billion.
- Pavel Durov announced the launch of an AI lab in Kazakhstan
The project in the long term will affect more than a billion users. The presentation took place at the Digital Bridge-2025 international forum in Astana. The initiative was supported by local authorities.
- Jeff Bezos called the investment boom in AI “a bubble with a big return”
Amazon co-founder Jeff Bezos believes that there are a lot of both good and bad ideas in the field, and the “bubble” continues to inflate due to speculation. He believes many investors may lose money, but the benefits of the sector will still be significant in the long term.
In the US, the government shutdown is due to a budget crisis
Since October 1, 2025, many government employees in the U.S. are on unpaid leave, while others are forced to work without pay, although they will be compensated later. The reason is that Republicans and Democrats could not agree on a temporary funding bill. The event had a significant impact on the stock and cryptocurrency markets.
Arthur Hayes at TOKEN2049: about global economic problems and the financial crisis in Europe
Incrypted’s editorial team attended the event, which was held in Singapore, and prepared material about the expert’s speech. Hayes stated that Europe is on the verge of a financial crisis, explained its causes and the role of France, and said that the logical step for the country would be to leave the EU. He recommended distancing oneself from European assets in favor of low-risk alternatives.
FT: Barry Silbert prepares Grayscale IPO despite lawsuits over Genesis
Grayscale Investments, one of the largest providers of exchange-traded funds, is considering an initial public offering (IPO), according to press reports. In doing so, the company is facing legal action over a lawsuit from lender Genesis.
Telegram Wallet will launch trading of tokenized US stocks
The team behind the Telegram-integrated crypto wallet Wallet has announced the launch of a new feature. From October 2025, users will be able to buy and store tokenized shares of US companies and exchange-traded funds.
Elon Musk became the first person in history with a fortune of $500 billion – Forbes
This estimate of the businessman’s fortune reached on October 1. The necessary impetus was given by the growth of shares of carmaker Tesla. As noted in the publication, Musk may become the first trillionaire in history.
Durov bought “thousands of bitcoins” at $700 and predicted the growth of the asset to $1 million
According to him, only thanks to this investment he can maintain his lifestyle, as Telegram does not bring him personally profit. He emphasized the advantages of bitcoin over fiat and said that it could grow to $1 million.
Other news
Also this week there were such events:
- Hyperliquid gave away 4,600 NFTs from its Hypurr collection to early adopters
- Financial giant QNB adopted JPMorgan’s blockchain for accelerated dollar payments
- Syncracy co-founder called DAT companies a potential blockchain engine
- UK scientists created AI to find hedgehogs from space
- In Kazakhstan authorities liquidated shadow crypto exchange RAKS with a turnover of $224 million
- Andre Cronje’s project Flying Tulip raised $200 million at a valuation of $1 billion
- Visa began testing instant cross-border transfers in USDC and EURC
- Hackers broke into BNB Chain’s official X account
- The WLFI team announced the card issuance and tokenization of real-world assets
- US President Barron Trump’s son Barron Trump earned $150 million at age 19
- BNB Chain lowered its minimum fee to $0.005
- Avalanche Treasury announced its merger with Mountain Lake in a $675 million deal
- Trading volume on derivatives platforms surpassed $1 trillion for the first time in September
- BNB hit an all-time high and surpassed $1112
- Stablecoin capitalization exceeded $300 billion for the first time
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- Collected for you in one piece the key investments in blockchain and cryptoassets for September 2025.
- We regularly update the Incrypted cryptocurrency calendar, where you will find a lot of interesting events and announcements.