Speaking on CNBC’s Squawk Box on September 11, Novogratz explained that treasury teams within crypto firms have recently shifted attention to other blockchain projects.

He noted that this has likely pulled some market energy away from Bitcoin in the short term.

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He pointed to recent activity involving Galaxy Digital, Jump Crypto, and Multicoin Capital as examples of companies directing funds toward newer tokens.

While Bitcoin has not shown much movement lately, Novogratz noted that it could change later in the year. He mentioned that a potential shift in US interest rate policy could drive another wave of demand for Bitcoin.

Additionally, he referenced SEC Chair Paul Atkins’ remarks about updating securities regulations to support on-chain markets.

Novogratz also mentioned that Nasdaq had submitted a request to the SEC to allow tokenized versions of traditional financial assets, such as stocks and exchange-traded funds (ETFs).

He explained that Bitcoin initially gained attention as a digital store of value, while stablecoins became useful for cross-border payments. However, Novogratz stated that the lack of reliable blockchains, as well as clear regulations, has slowed further adoption.

He added that while different blockchains will continue to compete, it is unlikely that any single network will dominate the industry. Ethereum
ETH


$4,663.60

On August 25, Tim Draper, co-founder of Draper Associates, shared his views that altcoins play an important role in strengthening Bitcoin. How? Read the full story.

What you need to know

• Samsung was spotted rolling out an update for its Camera Assistant app on Galaxy that surprisingly mentions “3D capture” and its “Galaxy XR headset.”
• The feature says users can “create spatial photos and videos for Galaxy XR headsets,” though it’s not working properly just yet.
• A report from August claimed Samsung is preparing to debut its Project Moohan headset on September 29.

Samsung’s premium XR headset looks a little more real after a recent update to a Galaxy app adds surprising support.

A post by SamMobile highlights an update for Samsung’s Camera Assistant app on its Galaxy phones, which directly mentions “Galaxy XR headsets.” When activated, the publication discovered a floating banner on the phone’s viewfinder that says “3D capture.” Additionally, at the top, the app informs the user that there needs to be more light before it can take a “3D photo.”

In Camera Assistant’s settings, the 3D capture feature’s description reads, “Add a 3D capture option to the top of the preview so you can create spatial photos and videos for Galaxy XR headsets.”

While this seems exciting, the publication had to go through some hoops before it could even see the feature in this capacity. Reportedly, the update for Camera Assistant, v4.0.0.3, has only rolled out for the recent Galaxy S25 FE; however, it could only be activated after transferring the updated app to a Galaxy S25 Ultra.

The safest (and current) speculation is that Samsung is still finalizing this software in preparation for its XR headset.

Getting ready for Galaxy XR?

The hype has been building for Samsung’s Galaxy XR headset, which we’ve known as Project Moohan for a while now. A report from the end of August out of South Korea claimed Samsung could announce Project Moohan on September 29. Speculation says the company could follow this up with a market launch in mid-October in South Korea before other markets.

Those same rumors add that Project Moohan could cost somewhere between “2.5 and 4 million won,” which roughly equates to $1,800–$2,800. Comparisons to Apple’s Vision Pro continue to be made, and it seems Samsung’s headset could see under the competition’s $3,500 price tag.

Google had Samsung’s Galaxy XR headset at its I/O event earlier this year, where Android Central had a chance to demo the product. The headset earned top marks for visuals and “natural” navigation across its apps. If Samsung is preparing to launch, we’re only a few weeks away from seeing it.

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Ethereum continues to show remarkable resilience, with demand leaving its mark even as price action remains sideways. ETH has been consolidating in a narrow range, mirroring the broader market where Bitcoin trades cautiously and altcoins display selective strength. Yet behind the scenes, institutional interest in Ethereum is quietly building, setting the stage for what could be the next major move.

According to fresh data from Lookonchain, SharpLink recently transferred $379 million USDC to Galaxy Digital, capital that may be allocated toward purchasing more ETH. This transfer underscores a growing trend: institutional players are not shying away from Ethereum, even amid volatility and macroeconomic uncertainty. Instead, they are positioning themselves for what could be a decisive breakout once the current consolidation phase resolves.

SharpLink Gaming is among the first Nasdaq-listed companies to design a treasury strategy centered on ETH, marking a significant milestone in corporate adoption. By treating Ethereum as a strategic reserve asset, it reinforces the idea that ETH’s role extends well beyond speculative trading into long-term institutional portfolios.

Related Reading: Bitcoin Mining Difficulty Keeps Rising Despite Price Volatility – Details

With consolidation tightening and institutional inflows accelerating, the coming weeks may prove critical. Many investors expect a massive surge for Ethereum once the current sideways structure breaks, potentially marking the start of its next major rally.

SharpLink Expands Ethereum Treasury

SharpLink has officially announced that its total Ethereum holdings climbed to 837,200 ETH as of August 31, 2025, solidifying its role as one of the largest corporate holders of the asset. The company continues to pursue its ETH-focused treasury strategy aggressively, with notable activity reported in the week ending August 31.

During that week, SharpLink purchased an additional 39,008 ETH, bringing its cumulative balance to new heights. These acquisitions were financed through $46.6 million in net proceeds raised via the company’s at-the-market (ATM) facility, demonstrating its ongoing ability to secure fresh capital for strategic allocations. Importantly, the average purchase price for the week’s ETH acquisitions stood at $4,531, reflecting the company’s confidence in buying at elevated levels as Ethereum consolidates near all-time highs.

This accumulation has elevated SharpLink to the position of the second-largest ETH treasury holding company, trailing only BitMine. BitMine currently holds more than 2 million ETH, valued at approximately $9.2 billion. Together, these treasury allocations highlight how major institutions are increasingly adopting Ethereum not only as a speculative asset but also as a long-term strategic reserve.

By expanding its ETH holdings so aggressively, SharpLink is sending a clear signal to the market: Ethereum’s role in corporate treasuries is no longer theoretical. As adoption grows, such moves could prove pivotal in reinforcing ETH’s status as a core asset in the global digital economy.

ETH Analysis: Trading Sideways

Ethereum is trading at $4,436, showing a 2% daily gain as the price begins to emerge from a prolonged consolidation phase. The 12-hour chart highlights that ETH has been moving sideways for much of September, holding firmly above $4,200 support. Now, momentum appears to be picking up as the price tests resistance around $4,450.

The 50 SMA at $4,407 is now acting as immediate support, while the 100 SMA at $4,182 provides a stronger cushion below. The 200 SMA, sitting at $3,460, remains well beneath the current range, confirming that ETH’s broader bullish structure is intact. As long as Ethereum maintains levels above $4,200, the technical setup favors continuation to the upside.

For bulls, the next critical test lies in reclaiming $4,600, a level that has repeatedly capped rallies in recent weeks. A decisive breakout above this resistance would set the stage for ETH to retest the $4,800–$5,000 zone, potentially marking the start of a stronger bullish leg.

Featured image from Dall-E, chart from TradingView

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Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

September 3, 2025

SOL price prediction scenarios have intensified as Solana broke through $209 resistance levels while Galaxy Digital made blockchain history by launching SEC-registered GLXY tokens directly on the Solana network.

This marks the first time a publicly listed U.S. equity has been issued natively on a major public blockchain.

Technical analysis reveals SOL maintaining its position above key ascending support around $190-200, with multiple projections targeting $225-291 in the coming months.

Galaxy Digital Develops Blockchain Equity Integration

Galaxy Digital launched tokenized GLXY shares, allowing holders of SEC-registered Class A common stock to convert shares into native tokens on Solana.

Each on-chain GLXY represents an actual share with identical legal and economic rights as traditionally held stock, not wrapped derivatives.

The tokenization process requires KYC verification through Superstate, Galaxy’s digital transfer agent.

Only allowlisted addresses can hold or receive tokens, which is implemented to preserve shareholder records and meet AML obligations while allowing corporate actions.

Galaxy selected Solana for its speed, throughput, and growing role as a high-volume spot trading Layer-1 blockchain.

The firm emphasized primary issuance on L1 networks to preserve unilateral exits and minimize centralized control points, though Ethereum support is planned for future phases.

Trading restrictions currently limit tokenized GLXY to bilateral transfers between KYC-approved addresses.

AMM and DEX trading remains unavailable pending regulatory clarity, though Galaxy argues automated market makers should function as autonomous escrow mechanisms rather than regulated exchanges.

Ascending Support Structure Maintains Bullish Framework

As the market is gearing up, SOL’s 4-hour chart maintains its position above the key ascending trendline support that has provided a foundation throughout the rally from $120 to the current $209 levels.

The blue ascending support line confluences with the 200-period EMA around $190, which creates a strong technical foundation for continued momentum.

Similarly, the RSI reading of 14 suggests SOL approaches oversold conditions on this timeframe, potentially supporting bounce scenarios if ascending support holds.

The MACD indicator shows values around 12.26, maintaining positive momentum despite recent consolidation.

Stochastic readings of 14.1 also indicate potential for short-term upside if SOL sustains above ascending support levels.

However, momentum indicators are already at elevated levels, suggesting limited room for expansion before potential divergences develop.

This technical setup requires careful monitoring of support integrity around $190-200 zones.

Channel Projections Target $291 Following Support Retest

Daily chart analysis reveals SOL’s movement within a well-defined ascending channel structure, with September projections indicating an initial support test, followed by a resumption toward channel resistance.

SOL is currently around $208, and occupies middle channel territory with projected decline toward $190-200 support before rallying toward $240 upper boundary.

Multi-target analysis reveals SOL positioned within converging trendlines, with horizontal resistance levels marked at $174.36, $211.99, $ 224.10, and $291.04.

The current projection suggests a specific sequence involving a decline toward the $170 support level, followed by recovery, ultimately targeting $291, representing an approximately 40% gain from current levels.

Moreover, a weekly comparison to autumn 2023 price action, around $24, suggests a similar consolidation pattern may be developing at higher absolute levels.

As it stands now, SOL may be building energy for another major leg higher, potentially targeting the $400-500 range based on measured moves from the current consolidation.

The immediate focus centers on SOL’s ability to maintain above the ascending support while building momentum for an assault on the $225-240 resistance zone.

A successful break above these levels would validate more optimistic projections toward $291 and beyond.

Is Snorter the Next 100x Telegram Bot Everyone’s Using?

While SOL prepares for a potential breakout toward new highs, this new trading bot is already showing strong presale performance.

Smart traders know that finding the right utility token early can lead to massive returns during bull markets.

Snorter is getting attention because it makes Solana trading faster and safer. The bot works inside Telegram and can buy tokens in under one second using private RPC connections.

The presale has raised over $3.6 million so far. Early buyers can earn around 127% staking rewards for holding their coins.

Above all that, here’s what matters: the best trading tools get adopted quickly once they prove they work.

Snorter launches fully in Q3 2025 with features like copy trading and rug pull protection. This means you should buy soon if you want presale prices.

You can buy SNORT tokens on their website using SOL, ETH, USDT, or credit cards.

Visit the Official Website Here

The market for tokenized equities could expand to nearly $190 trillion within the next 20 years, according to new projections from Galaxy Research.

Galaxy made this projection after it became one of the first public companies to tokenize its stock on the Solana blockchain via Superstate, which specializes in compliant tokenization infrastructure.

Speaking on the move, Alex Thorn, Galaxy’s Head of Research, said:

“Onchain GLXY is real Galaxy Class A Common Stock. If you hold the token, you own common equity in galaxy, the same as if you bought our stock through in your traditional brokerage account. no publicly traded company has ever done this before in the US.”

As of press time, 32,374 Galaxy Class A shares had been issued on Solana, held by 21 token holders, according to Dune Analytics data.

According to the firm, this move illustrates its conviction that tokenization is viable and a potential blueprint for how listed companies may enhance market accessibility.

‘Uniswap moment’

Considering this, the firm modeled bear, base, and bull scenarios to illustrate how blockchain adoption may reshape financial markets once decentralized trading achieves critical mass.

Galaxy describes the tipping point as a “Uniswap moment,” when on-chain trading is widely regarded as fairer, faster, cheaper, and safer than legacy structures. At that stage, traditional centralized exchanges would gradually lose market share to blockchain-based platforms.

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In its near-term outlook, Galaxy expects tokenized equities to represent between 0.7% and 4.6% of US market capitalization within the first two years of adoption—equivalent to $0.5 trillion to $3.3 trillion.

Under a bullish 10-year scenario, tokenized shares could capture 40% of the market, worth almost $50 trillion.

Meanwhile, the forecasts diverge further over two decades. A bear case sees tokenization reaching 12% of the US equity market, or $29.5 trillion, while the bull case envisions as much as 78% penetration or an estimated $189.9 trillion.

Interestingly, the firm said trading activities could follow a similar trajectory.

In the most optimistic scenario, Galaxy projects that tokenized equities may account for 93% of all US equity trading volume, fundamentally altering liquidity, settlement times, and investor access.

Mentioned in this article

What you need to know

• Samsung’s One UI 8 beta is spreading fast, and is now on the Galaxy S23/S24, mid-range A-series, and foldables like the Galaxy Z Fold 5/6 and Z Flip 5/6.
• The rollout is currently taking place only in South Korea for now.
• If you’re outside Korea, the beta isn’t officially out yet, but the rollout hints it’s coming soon.

Samsung’s One UI 8 beta is now reaching more phones. The program yesterday expanded beyond its initial rollout to include the Galaxy S23 series and a selection of mid-range models like the Galaxy A55, A54, A35, and A34. Access is also now live for the Galaxy Z Fold 5 and Z Flip 5.

Samsung’s Korean Community forum confirms the One UI 8 beta is live for those two-year-old foldable phones. Tarun Vats shared news of the rollout on X (via SamMobile).

This update weaves Galaxy AI deeper into your devices to simplify everyday actions. You’ll find major upgrades to productivity tools and a tighter, more seamless connection with Galaxy tablets and wearables.

It also brings a fresh layer of personalization, giving you more control over your themes, lock screen, and widgets. Underneath it all, refined animations and transitions make every interaction feel noticeably smoother.

You can join the beta through the Samsung Members app to preview the Android 16-based update early. As the screenshot shows, it’s a sizable download at over 3GB.

Once you’re enrolled in the beta, head to Settings > Software update > Download and install. When it’s done downloading, tap “Install now” to start the update.

The One UI 8 beta is already live for the Galaxy S25 and S24 series, plus the Z Fold 6 and Z Flip 6. Samsung previously confirmed the stable release would drop in September, starting with the S25 lineup, and will reach more Galaxy devices worldwide in October with Android 16 features and fresh One UI tweaks.

There’s no timeline yet for Galaxy Z Fold 5 and Flip 5 owners outside Korea, but this launch suggests a broader rollout is just around the corner, likely only a few days away.

We’ve been keeping an eye out for Labor Day smartwatch deals, but they’ve been slim pickings this weekend. Only one deal we’ve spotted is truly intriguing: The Galaxy Watch 6 Classic 47mm LTE is $192.99 ($287 off) on Best Buy, as the site puts all of its Classic models on clearance.

We don’t know how many Watch 6 Classics are left, but this may be your last chance at a new model, rather than a refurbished one. We also spotted the same 60% off deal at Amazon, though most other sizes come from third-party resellers.

The Galaxy Watch 8 Classic is a respectable smartwatch with fast performance and the rotating bezel that long-time Samsung fans love. But its hard-edged, bulkier design has polarized these same fans, who felt that the old Galaxy Watch 6 Classic design lives up to that old-timey aesthetic much better.

So rather than spend $499 on the new model (or $549 with cellular), you can spend less than half that on the Watch 6 Classic LTE, which is still due to receive three more major version updates through the end of 2027.

Recommended if: You have a Galaxy Watch 4 Classic or Watch 5 and want a more traditional design than the newer 8 Classic; you care more about style than getting the newest features; or you hate other Galaxy Watches’ touch bezel controls.

Skip this deal if: You care more about a lighter design than a rotating bezel, and would prefer the Galaxy Watch 7 for $199 to get slightly newer hardware and sensors.

You can look elsewhere for the Galaxy Watch 6 Classic, but it’s either refurbished or sold from third-party Amazon sellers that may or may not have truly “new” models. That’s why this is your last chance to grab a Classic with some semblance of quality assurance before it’s off the market for good.

You can see in the photo above how the Watch 8 Classic and 6 Classic compare; the older model has a more subtle look, but it’s about the same weight and thickness. It has a slightly older Exynos processor, but the same amount of RAM for similar performance, making it capable of running Gemini commands swiftly.

While this model doesn’t have the new health sensors for niche data like your antioxidant index or vascular load, you’re still getting the core Galaxy Watch experience.

Also keep in mind that Samsung always offers enhanced trade-in credit for its old watches. So if the Galaxy Watch 9 series looks more tempting a year from now, this Watch 6 Classic deal will end up being a down payment when you trade it in for something better!