{"id":12608,"date":"2025-10-05T15:12:49","date_gmt":"2025-10-05T15:12:49","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-sets-all-time-high-coinbase-seeks-banking-charter-weekly-recap\/"},"modified":"2025-10-05T15:12:57","modified_gmt":"2025-10-05T15:12:57","slug":"bitcoin-price-sets-all-time-high-coinbase-seeks-banking-charter-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-sets-all-time-high-coinbase-seeks-banking-charter-weekly-recap\/","title":{"rendered":"Bitcoin price sets all-time high, Coinbase seeks banking charter | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In this week\u2019s edition of the weekly recap, market momentum pushed Bitcoin to a new all-time high, surpassing $125,000, while institutional infrastructure expanded through Coinbase\u2019s national trust charter application.<\/p>\n<div id=\"cn-block-summary-block_dbe3c84aa063ecf2088cc4b67485b8a7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin hits a new all-time high of $125,000.<\/li>\n<li>Coinbase applies for a national trust charter, advancing U.S. crypto banking.<\/li>\n<li>Court rules Bored Ape NFTs aren\u2019t securities, boosting NFT market confidence.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h3 class=\"wp-block-heading\">Bitcoin hits new price milestone<\/h3>\n<ul class=\"wp-block-list\">\n<li>Bitcoin (BTC) climbed from a 24-hour low of $121,500 to reach an all-time high of $125,500, hitting a new ATH<\/li>\n<li>Bitcoin\u2019s previous record was $124,480 in mid-August<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Coinbase pursues federal banking charter<\/h3>\n<ul class=\"wp-block-list\">\n<li>Coinbase, one of the largest cryptocurrency exchanges, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinbase.com\/blog\/Coinbase-Strengthens-Commitment-to-Innovation-and-Oversight-with-National-Trust-Charter-Application\" target=\"_blank\" rel=\"nofollow\">filed<\/a> an application with the Office of the Comptroller of Currency for a national trust charter Friday.<\/li>\n<li>Coinbase now joins Circle, Paxos, and Ripple in seeking federal banking oversight.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Federal court dismisses Bored Ape lawsuit<\/h3>\n<ul class=\"wp-block-list\">\n<li>Los Angeles-based Judge Fernando M. Olguin ruled Thursday that Bored Ape Yacht Club NFTs fail to meet criteria used to determine security status of financial transactions.<\/li>\n<li>The decision provides legal clarity for Yuga Labs and the broader NFT sector regarding securities classification of digital collectibles.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Robinhood CEO predicts tokenization expansion<\/h3>\n<ul class=\"wp-block-list\">\n<li>CEO Vlad Tenev stated during Singapore\u2019s Token2049 conference Thursday that most major markets could establish asset tokenization frameworks within five years.<\/li>\n<li>Describing tokenization as \u201ca freight train\u201d that \u201ccan\u2019t be stopped,\u201d Tenev predicted it will \u201ceventually eat the entire financial system.\u201d<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Sui-based treasury plans dual stablecoin launch<\/h3>\n<ul class=\"wp-block-list\">\n<li>Nasdaq-listed Sui (SUI) Group Holdings intends to introduce two stablecoins on the Layer 1 blockchain: yield-bearing suiUSDe and non-yield USDi.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">UK government claims $7 billion Bitcoin seizure<\/h3>\n<ul class=\"wp-block-list\">\n<li>Authorities seek to retain approximately $7 billion in Bitcoin confiscated during a Chinese investment fraud investigation following the alleged organizer\u2019s conviction.<\/li>\n<li>Zhimin Qian pleaded guilty Monday to possessing and transferring criminal property at Southwark Crown Court, following her assistant\u2019s 2024 conviction on similar charges.<\/li>\n<li>This is one of the largest cryptocurrency seizures in law enforcement history.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Ethereum\u2019s Fusaka upgrade succeeds on testnet<\/h3>\n<ul class=\"wp-block-list\">\n<li>Ethereum\u2019s (ETH) next major upgrade completed successful testing on the Holesky network early Wednesday, advancing toward mainnet deployment.<\/li>\n<li>Fusaka introduces PeerDAS, allowing validators to verify partial data rather than complete chunks, reducing costs for layer-2 networks and validators.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Japanese financial firm loses $21 million<\/h3>\n<ul class=\"wp-block-list\">\n<li>SBI Crypto, a subsidiary of SBI Group, experienced an exploit resembling North Korean hacking patterns resulting in approximately $21 million in losses.<\/li>\n<li>Blockchain investigator ZachXBT documented that Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash were looted on September 24 and deposited to Tornado Cash.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">World Liberty Financial explores commodity tokenization<\/h3>\n<ul class=\"wp-block-list\">\n<li>CEO Zack Witkoff revealed during Token2049 Wednesday that the Trump-backed project is actively developing tokenized commodities including oil, gas, cotton, and timber.<\/li>\n<li>Trump\u2019s involvement in World Liberty Financial and the launch of his own meme coin, $TRUMP, have sparked accusations of corruption and conflicts of interest from political opponents. Responding to criticism, Donald Trump Jr. said the World Liberty Foundation is not a political entity but argued that its USD1 stablecoin aims to bolster U.S. national interests by supporting Treasury purchases and reinforcing dollar dominance.<\/li>\n<li>The dollar has gotten weaker ever since President Trump\u2019s inauguration, according to Reuters.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">BNB Chain account compromised<\/h3>\n<ul class=\"wp-block-list\">\n<li>The official X account suffered unauthorized access Wednesday, prompting urgent warnings from Binance co-founder Changpeng Zhao against clicking recent links.<\/li>\n<li>Fraudulent posts invited users to vote on \u201cupcoming $BSC rewards\u201d falsely promising early distributions to participants within 24 hours.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Ripple CTO announces transition<\/h3>\n<ul class=\"wp-block-list\">\n<li>David Schwartz revealed plans to step back from day-to-day responsibilities at year\u2019s end after more than 13 years with the company.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Robinhood explores international prediction markets<\/h3>\n<ul class=\"wp-block-list\">\n<li>The trading platform has engaged with overseas regulators including the UK\u2019s Financial Conduct Authority regarding potential prediction market expansion beyond United States borders.<\/li>\n<li>Discussions focus on regulatory frameworks that could accommodate the product in international jurisdictions.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Tether expands Bitcoin reserves<\/h3>\n<ul class=\"wp-block-list\">\n<li>The stablecoin issuer added approximately $1 billion in Bitcoin to reserves, bringing total holdings to $9.7 billion as USDT supply approached $175 billion.<\/li>\n<li>Blockchain data shows the \u201cTether: Bitcoin Reserves\u201d address received 8,889 BTC from a Bitfinex-associated wallet.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s edition of the weekly recap, market momentum pushed Bitcoin to a new all-time high, surpassing $125,000, while institutional infrastructure expanded through Coinbase\u2019s national trust charter application. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12608"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12608\/revisions"}],"predecessor-version":[{"id":12609,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12608\/revisions\/12609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/809"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}