Bitcoin could not hold $113,000. Ukraine’s cryptographicization passed its first read. In addition to the tokenization of gold, the Russian Treasury has raised other events this week.
Bitcoin drifts sideways after not holding $113,000
Throughout the week, the first cryptocurrency gradually recovered, with prices exceeding $113,000 by Friday.
“Digital Gold” could not hold these levels. After the pullback, the price moved to a lateral range of around $111,200.
The profit over the seven-day period was 2.6%. Market participants generally do not expect any major moves before the Fed meets September 16-17. The expected policy rate reduction could catalyze new gatherings.
Ether fell 3.6% to $4,300, with a record weekly spill of $788 million from Eth ETFS (SOSOValue).
Among the major altcoins, XRP (+2.8%) and DogeCoin (+3.2%) showed similar movements to Bitcoin.
Crypto Market capitalization has risen to 3.93trn. Bitcoin’s advantage rose from 55.9% to 56.4% in a week. Ethereum’s share fell from 14% to 13.2%.
The Crypto Fear & Greed Index slid from neutral to terrifying, going 44.
Ukraine’s Cryptography Clears First Reading
On September 3, Ukraine’s Verkhovna Rada approved initially reading the bill “on virtual asset markets.” This defines the cryptocurrency situation and taxation of a country.
The taxable base is the annual profit from a virtual asset transaction, that is, the difference between sales revenue and acquisition costs. It is included in general taxable income at an 18% rate. In the first year of the law, the priority rate for the fiat-off ramp is 5%.
Excluded from the tax base:
Income from exchanging one VA for another virtual asset. Revenue from VA sales if the minimum wage does not exceed the statutory minimum wage as of January 1st of the reporting year. The value of personal data or VAS received at the time of publication.
Regulation and supervision of activities in the virtual asset market will be carried out by the National Bank and yet unknown agents.
The bill would require a major revision of the second reading to avoid excessive burden on businesses and prevent regulatory abuse, Petro Bilyk, partner in Juscutum’s technology and investment practice, said in a comment to Forklog.
In his view, the draft should not contradict the national guarantee of the diia.city legal system, which has been in a state that has not changed for 25 years since adoption.
Another important point is the creation of a transition period of at least one year and soft sanctions. This allows market participants to adapt to new requirements while awaiting detailed rules. Otherwise, given the practical challenges of rapid compliance, the risk of widespread violations increases.
Among other necessary changes, the lawyer cited.
Depending on the asset type, divide the role of market regulators between the National Bank of Ukraine and other competent institutions. The regulations will be embedded in international contexts in line with the EU MICA.
MP Yaroslav Zhelezniak has confirmed that this document will be thoroughly revised for a second read.
The lack of full-scale crypto regulations costs Ukraine at least $10 billion in stolen funds and unrealized tax revenue, according to the Royal United Services Institute.
Analysts highlighted the following important risks:
Uncontrolled operation of commercial platforms. The role of cryptocurrency in funding the purchase of approved elements of the Russian military. Money Mule Activities.
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Russian Eye Tokenize Gold
Alexei Yakovlev, director of the policy department of the Ministry of Finance, said tokenization money is a very promising solution for Russia that can be implemented in the near future.
Digitalizing precious metals, he said, allows cross-border payments and international settlement solutions to enable a “new reality.”
Crypto Investor and Founder of the Telegram Channel “24 Words” Artem Tolkachev proposed that tokenized gold could be used as an alternative payment device amid limited access to the dollar infrastructure.
However, experts doubt that international counterparties are interested in such digital assets.
“Moving assets in chains is the easiest part of the task. It’s much more difficult to understand what real use cases this token solves and build infrastructure to make it in demand.
WLFI capitalization reached $8.3 billion after exchange listing
On September 1st, major exchanges Binance, Upbit and Gate began trading at WLFI, the token of the Trump family’s World Liberty Financial Debt Project. The starting price was $0.30.
The first 246.7 billion WLFI (approximately 24.7% of the total supply) entered the circulation. Most tokens remain locked under unspecified vesting periods.
After the list, WLFI capital letters temporarily reached $8.3 billion. The price then fell to $0.17 and was recovered to $0.23 by the end of the week. The circular market value of the token is estimated at $6.5 billion, with an FDV of $23.6 billion.
World Liberty Financial said central exchanges and large owners’ manipulation of token prices is suspected. On Friday, the platform blocked the address of Tron founder Justin Sun after transferring the 50m WLFI to HTX.
According to the team, they added a total of 272 wallets to their blacklist.
215 was linked to a phishing attack by the team and it was allegedly taken precautions to protect the assets. Fifty people were blocked at the owner’s request after informing them of their support for the compromise. 5 is flagged as high risk and is under review. One user was suspected of misappropriating someone else’s assets.
“We’ve been hearing community concerns about the recent wallet blacklist. Transparency above all: WLFI intervene solely to protect users without throttling normal activity,” the platform said.
Forklog:
The Ethereum staking entry queue reached a two-year high. Russia and Ukraine have fallen to the ranking of crypto-adopt adoption for chain dialysis. Quantum computers have cracked “small” encryption keys. Scientists have created a non-invasive AI BCI.
Kazakhstan allows you to pay regulatory fees through Stablecoins
The Astana Financial Services Authority (AFSA) has launched an initiative to allow organizations registered with. AIFC Pay the ridiculous, ridiculous fees awarded in US dollars.
According to a press release, Bybit Limited became the first person to sign a memorandum at the Astana Finance Days 2025 Conference. Other digital asset service providers can also participate in the project.
They act as agents on behalf of each payer, with the intention of using Stablecoins to cover AFSA regulatory costs. The enforcer must convert the cryptocurrency into Fiat and deposit the money into an authorities’ account.
What else should I read?
Web3 researcher Vladimir Menaskop compared the current level of decentralization of two major cryptocurrencies, Bitcoin and Ethereum.
We looked at how Gulf countries are pursuing grand plans to build new economies based on artificial intelligence and Web3.
The traditional digest has compiled this week’s main cybersecurity event.
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