The crypto market capped off a volatile week, with Bitcoin price rebounding to $113,000 after dipping under $108K, sparking talk of a looming short squeeze that could trap bears before the next leg higher.
On the news front, politics and finance collided as Trump Media scooped up 684M CRO in a landmark deal with Crypto.com, Bitget Token soared on a $1B token burn with Morph Chain, and Coinbase unveiled its Mag7 + Crypto Futures Index, blending tech stocks with Bitcoin and Ether ETFs. MemeCore’s 3,700% surge stoked hype and warnings, while Gemini’s IPO filing drew fresh scrutiny on exchange valuations.
From ETF speculation to billion-dollar burns, this week’s crypto market news highlights the risks, rallies, and regulations shaping digital assets. Scroll down for the complete recap.
Trump Media Secures 684M CRO in Major Crypto.com Deal
Trump Media & Technology Group has finalized a deal with Crypto.com to acquire 684.4 million CRO tokens, instantly making it one of the largest institutional holders. The tokens will be staked via Crypto.com Custody, turning the haul into a yield-bearing treasury play. The move underscores the merging of politics, media, and blockchain as companies embrace digital assets for diversification, utility, and long-term growth.
GameStop Stock Crashes Despite Bitcoin Bet
GameStop (GME) shares have slid nearly 40% from this year’s peak, now trading around $22. The slump stems from weak sales, soaring short interest at 15%, and fading enthusiasm for Bitcoin-treasury stocks despite GME holding 4,710 BTC. Analysts warn the stock could test $20 if bearish momentum continues.
Bitcoin Price Faces Pressure as Fed Cut Bets Grow
Bitcoin climbed to $111,700 on Friday ahead of U.S. jobs data that could determine the Fed’s next move. Weak labor market reports have fueled expectations of rate cuts, pushing gold to record highs. BTC, however, remains under $112K resistance, with risks of a deeper slide toward $100K before a potential rebound later this year.
Bitget Token Soars on $1B Morph Chain Burn
Bitget Token (BGB) surged nearly 14% to $5.28 after announcing a major partnership with Morph Chain. As part of the deal, Bitget transferred 440M BGB to Morph, with half, worth over $1B, permanently burned. The move tightened supply, boosted trading volumes 307%, and fueled talk of a push toward $6.
MemeCore’s 3,700% Rally Stirs Hype, But Correction Risks Loom
MemeCore ($M) has rocketed 3,700% in just 90 days, climbing to $1.49 before easing to $1.34 on $53M in daily volume. The Layer-1 “meme economy” blockchain is riding cultural hype and heavy marketing, but RSI readings show extreme overbought conditions. Analysts warn a drop below $1 could trigger steep selloffs.
Coinbase to Launch Mag7 + Crypto Futures Index in Landmark Move
Coinbase will debut the Mag7 + Crypto Equity Index Futures on Sept. 22, 2025, the first U.S.-listed contract to bundle BlackRock’s Bitcoin and Ethereum ETFs with top tech stocks like Apple, Nvidia, and Tesla. The product offers investors diversified, regulated exposure across equities and digital assets in one package.
Gemini Targets $2.2B Valuation in Upcoming IPO
The Winklevoss twins’ Gemini exchange has filed for a $317M IPO, seeking a $2.2B valuation—well below its 2021 peak of $7.1B. Despite $18B in assets under custody and 523,000 monthly active users, Gemini posted a $282M net loss in H1 2025, raising questions about GEM stock’s long-term appeal.
