**Key Market Developments**
Coinbase is set to launch Mag7 + Crypto Equity Index Futures on September 22, 2025, combining leading tech stocks with Bitcoin and Ethereum ETFs. This move signals further integration of traditional finance with crypto markets.
The UK’s borrowing costs reached a 27-year high, adding pressure on Chancellor Rishi Sunak. Meanwhile, gold futures surged to record highs of $3,602.40 on September 2, 2025, driven by strong central bank demand and expectations of Fed rate cuts despite the strengthening U.S. dollar.
**Ethereum Ecosystem Update**
Ethereum’s monthly active addresses reached a peak of 19.45 million in August 2025, nearing its 2021 high. This surge suggests a resurgence of activity within the ecosystem.
**Regulatory Updates**
OKX received a $2.6M fine on September 3, 2025, for operating without proper registration in the Netherlands, highlighting ongoing regulatory scrutiny of crypto service providers.
**Notable Investment Activity**
Jack Ma-linked Yunfeng Financial purchased $44 million worth of ETH on September 2, 2025, as part of their strategic plan to build a sizable Ether reserve.