By Omkar Godbole (At all times and unless indicated otherwise)
One day after the US CPI report, the market sentiment remains bullish on entrepreneurs who expect the Fed to cut interest rates three times this year, beginning next week.
Crypto pundits expect bitcoin to reach a new life high. Don’t forget, it’s less than a month since it hit a record around $ 124,500. However, the real disturbance centers of the altcoins such as XRP and SOL are likely to mislead market leaders, BTC and Ether (Et).
“The bull market is far from tired. Strong public asset ownership and expectations of Fed rate cuts provide a macro backdrop support, as institutional flow and growing clarity of regulations continue to increase fuel,” Ryan Lee, the chief analyst in the bitget, wrote in an email.
“The potential approval of the XRP and Sol Spot ETF can serve as a major catalyst, unlocking billions -billions of fresh demand and strengthening confidence in digital assets as a major asset class,” Lee wrote.
Not only are they, with Le Shi, the director in the production of firm Auros, BNB and hype flagging as tokens of interest after they hit all the time.
“Furthermore, the wider (digital asset treasury) narrative continues to attract both capital and beliefs, including Sol, Hype and CRO to the major tokens to monitor,” Shi said.
Other observers are in -highlight Defi Protocol Etherna’s ENA as a standout coin as Fed reduction rates in the coming months.
Speaking of institutional demand, the polygon labs, the team behind the polygon ecosystem, works in the Cypher Capital, a digital assets investment firm, to expand institutional access to folk token, Pol.
“We see prolonged demand from institutional investors for the yield that generates digital assets supported by real network activity,” Aishwary Gupta, global leader of payments, exchanges and real-world assets in polygon labs, said in a statement.
In other major news, the yield in the US 10-year Treasury Note seems to be set to drop below 4%, a bullish development for markets.
“… we target 3.80%,” the founders of the crypto newsletter service LondonCryptoclub said on X. “It’s been a great return to the narrative of recent weeks and another good tail for Bitcoin and danger in general.”
Meanwhile, blockchain sleuth Lookonchain is mentioned The continuous purchase of the whale in the hype, which gained more than 5% in seven days to hit a note above $ 56.
In the traditional markets, the dollar index is walking on recent ranges despite growing odds of faster reduction in the Fed rate. The expected emergence is cooked? Stay alert!
What to watch
- Crypto
- September 12: GEMINI SPACE STATIONThe Winklevoss Twins’ Crypto Exchange, starts trading at the NASDAQ Global Select Market under the Gemi ticker.
- September 12: Rex-OSPREY DOGECOIN ETF Starts trading In the CBOE BZX Exchange under the Ticker Doje.
- Macro
- September 12: Uruguay Q2 GDP GROWTH EST. N/a (Prev. 3.4%).
- We are (Estimates based on factset data)
Events with the token
- Votes and Management Calls
- Hyperliquid to vote Who is the release of USDH stablecoin. Voting took place on September 14th.
- Curve DAO votes to update twocrypto-enabled contracts, refining the donation vesting so the locked parts continue after the burning. Voting ends on September 16th.
- Unlocks
- Launching a token
- September 12: Unibase (UB) listed in Binance Alpha, Mexc, and others.
Conference
Token talk
By Oliver Knight
- One of the founders of Thorchain, a decentralized network that allows users to send possessions throughout the blockchain, is that this week has been hacked after being doubled by a deepfake video call in Zoom.
- “Ok this attack is finally showing itself. There is an old metamask cleared,” JPTHOR wrote to X.
- Peckshield mentioned That $ 1.2 million was stolen from a Thorchain user, with ZachXBT adding that the offender was linked to North Korea hackers.
- Thorchain appeared as one of North Korea’s most popular laundering tool Earlier this year; Researchers estimated that 80% of the proceeds from a $ 1.4 billion hack in Bybit were to be -Siphon by thorchain and protocols such as Vultisig.
- The thorchain token (Rune) was trading around $ 1.28, which lost 14% of its value over the last month and more than 90% from hitting this March 2024 high $ 12.95.
- Hack is involved in a mix of social engineering and phishing, two methods contributing to $ 2.5 billion stolen by hackers In the first half of 2025.
Derivatives positioning
- Open interest in futures tied to the top 10 cryptocurrencies increased by 3% -5% in the past 24 hours while strengthening the expectations of fed rates motivated entrepreneurs to take more risk.
- However, the market does not appear to be excessive heat, with annual funding rates for major coins that continue to walk around 10%. Positive funding rates indicate a bullish bias to entrepreneurs. Extremely high values that are usually signal market froth.
- OI in Pengu, one of the best performing tokens of the past seven days, hit a record of 7.78 billion coins, confirming the price increase. The funding rates for the coin were slightly elevated around 15%.
- Smaller tokens, such as Sky and Pyth, have deep negative funding rates, a sign of bias towards the bearish, short position.
- CME’s bitcoin futures are finally seeing an outbreak in the OI, ending a multiweek collapse as Ether Oi returns to a month of less than 1.78 million eth. Different trends can be a sign of updated BTC -focused businessmen. OI options to BTC and ETH remain elevated to multimonth highs.
- In the derivit, BTC and ETH options continue to show a bias toward December’s expiration, despite the pricing of entrepreneurs nearly five cuts in US interest by July next year.
Movements in the market
- BTC reached 0.53% from 4 pm et Thursday to $ 115,049.85 (24hrs: +0.79%)
- ETH reached 2.21% to $ 4,515.82 (24hrs: +1.89%)
- CoinDesk 20 reached 1.82% to 4,289.35 (24hrs: +1.72%)
- The ether CESR composite staking rate is up to 6 bps at 2.86%
- BTC funding rate is at 0.0085% (9.2549% annual) In Binance
- DXY reached 0.22% to 97.75
- Gold futures reached 0.23% to $ 3,682.20
- Silver futures reached 1.68% to $ 42.85
- Nikkei 225 closed 0.89% to 44,768.12
- Hang Seng closes 1.16% to 26,388.16
- FTSE reached 0.32% to 9,327.33
- Euro Stoxx 50 drops 0.3% to 5,370.54
- DJIA closed on Thursday up to 1.36% to 46,108.00
- S&P 500 closed 0.85% to 6,587.47
- The Nasdaq Composite closed 0.72% to 22,043.07
- The S&P/TSX Composite closed 0.78% to 29,407.89
- S&P 40 Latin America closed 1.31% to 2,859.93
- The US 10-year Treasury Rate has climbed 2.5 bps at 4.036%
- E-Mini S&P 500 futures dropped 0.12% to 6,584.75
- E-Mini Nasdaq-100 Futures does not change to 24,013.25
- E-Mini Dow Jones Industrial Average Index drops 0.2% to 46,049.00
Bitcoin stats
- BTC Dominance: 57.95% (-0.55%)
- Ether in the ratio of bitcoin: 0.03930 (1.75%)
- Hashrate (Seven-day moving average): 046 eh/s
- Hashprice (Spot): $ 53.67
- Total Fees: 3.96 BTC / $ 453,051
- CME Futures Open Interest: 139,355 BTC
- BTC is priced at gold: 31.6 oz
- BTC vs Gold Market Cap: 8.94%
Technical analysis
- The XRP price is looking to establish a foothold above the upper end of a month lowering the integration pattern -with the triangle.
- If it succeeds, the momentum chasers are likely to join the market, accelerating the increase towards record highs.
Crypto equities
- Coinbase Global (Coins): closed on Thursday at $ 323.95 (+2.73%)+0.66% to $ 326.10 to pre-market
- Circle (CRCL): closed to $ 133.7 (+17.6%)+0.88% at $ 134.88
- Galaxy Digital (Glxy): closed to $ 28.87 (+10.7%)+1.7% at $ 29.36
- Bullish (Blsh): closed to $ 53.99 (+2.6%)+2.2% at $ 55.18
- Mara holdings (Mara): closed to $ 15.71 (-0.95%)+0.57% to $ 15.80
- Riot platform (Excitement): closed to $ 15.65 (-4.57%)+0.58% at $ 15.74
- Basic scientific (Corz): closed to $ 15.55 (-2.75%)+0.64% at $ 15.65
- Cleanspark (CLSK): closed to $ 10.2 (+1.69%)+0.1% at $ 10.21
- Coinshares valkyrie bitcoin miners etf (Wgmi): closed to $ 35.67 (+0.51%)
- Exodus movement (Exod): closed to $ 28.86 (+4.98%)-1.18% at $ 28.52
Crypto treasury companies
- Strategy (Mstr): closed to $ 326.02 (-0.13%)+0.81% at $ 328.65
- Semler scientific (Smlr): closed to $ 28.54 (+1.86%)+1.51% at $ 28.97
- Sharpink gaming (SBET): closed to $ 16.36 (+1.68%)+3.06% at $ 16.86
- UPEXI (Upxi): closed to $ 5.68 (+4.03%)+13.73% at $ 6.46
- Lite approach (Lits) (dating mei pharma): closed to $ 3.07 (+10.43%)
ETF is flowing
Spot btc etf
- Net -Net Flow -day: $ 552.7 million
- Cumulative Net Flow: $ 56.15 Billion
- Total BTC handling ~ 1.30 million
Spot etfs
- Net -Net Flow -day: $ 113.1 million
- Cumulative Net Flow: $ 12.97 Billion
- Total Eth Holdings ~ 6.42 million
Source: Farside Investor
Chart of the day
- The chart shows the Dogecoin’s percentage (Doge) The circulating supply that has been active in trailing one year.
- The number of coins that moved or transact within last year remains in multimonth lows near 43%. Tally has sank at about 75% in November 2021 and has been down since.
- The decline indicates a transfer of investor to handling the approach and reduced the speculation -awaited trading.
