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In US rate cut done, here are 3 stories to watch: Crypto Daybook Americas

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By Omkar Godbole (At all times and unless indicated otherwise)

Major cryptocurrencies, including bitcoin Btc$117,092.97Rose following the long-awaited 25 basis-point rate cut of the federal reserve and hints of further easing by the end of the year despite Jerome Powell’s more hawkish tone at the following press conference.

The CoinDesk 20 index has recently been 3% in 24 hours with all members in green.

Entrepreneurs can now focus on specific crypto developments. One standout is the SEC approved the “accelerated basis” listing standards for Crypto ETFs, which cuts the approval hours up to 75 days from 240 days. A similar common standard list for traditional markets has provided a sharp increase in lists, As mentioned by Eric Balchunas by Bloomberg.

Another big story comes from Defi Giant Aave, which Released its v4 roadmap Featuring a move to ERC-4626 Share accounting. Here’s the translation: Under AAVE V3, if you deposit 100 DAI, the number of Atokens that bring interest will increase over time. In the V4, you will still have 100 tokens, but the value of each token will increase instead.

This change promises cleaner integration, easier tax treatment, and better compatibility with other defi protocols. Roadmap also signed a strategic pullback from less productive deployment to several layer-2 and alternative layer-1 networks. Aave token prices have increased by more than 4% in the last 24 hours.

In other news, Decentralized Blockchain bridge Wormhole revealed The new tokenomics, which offer increased increasing opportunities for token holders active in management, along with a strategic reserve.

A popular post by pseudonymous observer G3rood Made by the waves, contingent that Hyperliquid’s hype token is significantly undervalued. G3ronimo advocates using a cash flow discount (DCF) Models in traditional multiples thanks to the unique cash flow dype dynamics.

Throughout the traditional market, the dollar remains well above July its lows – suggesting deductions at the Fed rate are already being priced. Stay alert!

What to watch

Crypto
Macro
- September 18, 7 AM: UK Benchmark Interest-Rate Decision EST. does not change to 4%; Following the release of minutes of MPC assembly.
- September 18, 8:30 AM: Philadelphia Fed Manufacturing Index EST. 2.3.
- September 18, 8:30 AM: US initial claims unemployed for the week ended on September 13. EST. 240k.
We are (Estimates based on factset data)
- September 18: Lite approach (Lite (Lits), Pre-market

Events with the token

Votes and Management Calls
- Mantledao is voting Keeping a budget of 2025-2026 to $ 52 million USDC and 200 million mnt. Voting ends on September 18
- Curve’s Michael Egorov proposed yieldA $ 60 million plans to fund Bitcoin pools and give VECRV holders up to 65% of income. Voting ends on September 24th.
Unlocks
- September 18: FastToken Ftn$4.3999 To unlock 2.08% of the rotating supply worth $ 89.8 million
Launching a token

Conference

Token talk

By Oliver Knight

The Altcoin market presented a strong rebound following the Oversold RSI reading of Wednesday, with many tokens posting more than 10%.
The top rally is Ether.fi (Ethifi)Up to 12% in the past 24 hours up to $ 1.64, the highest since January.
BNB also did not notice a milestone, which fell to $ 1,000 in the first time while momentum accelerated towards fresh record highs.
The Bullish Backdrop came as Bitcoin creeps up to $ 117,300, combined with more than critical support of $ 110,000.
Meanwhile, Bitcoin’s dominance has slipped by 56% on CoinmarketCap, the lowest since early January, featuring the growing appetite for investors for more speculative investment.
Decentralized finances (Defi) The sector is one of the largest beneficiaries of the transfer of Thursday higher, with the total amount locked (TVL) In all protocols Hitting $ 170 BillionThe highest point since April, 2022.
Hyperliquid’s Layer-1 blockchain gave a record of $ 2.77 billion up 3.88% to 24 hours, while SUI’s TVL reached 3% to $ 2.1 billion.

Derivatives positioning

BNB, Avax, and DOT saw all double increased futures open interest (Hey) In the past 24 hours, their prices have strengthened 5% to 9%.
The BTC’s aggregate OI in the USD and USDT-denominated eternal futures continues to decrease, deviating from ascending prices. Perhaps derivative traders are not participating in the rally. (Check the technical analysis section.)
The BCH, TRX, BNB, BTC, XMR, Avax, and Sui stand with a positive open interest-adjusted combination of delta volume, indicating powerful purchase pressure.
There are no signs of overheating even with the additional corners of the crypto market, as the annual funding rates for smaller speculation -Haka tokens remain around 10%.
In CME, the OI in ether futures closes 2 million ETH marks, while positioning BTC futures remains light. The annual three-month basis for both tokens remains below 10%, offering a significant lower yield to bring entrepreneurs than Sol’s return.
In the derivit, the 25-Delta Risk Reversals show a neutral bearish (put) Bias on options until March expires. In contrast, the ether options are bullish on all tenors.
The block flows into the OTC network paradigm that featured demand for a $ 116K call that expired in Sept. 19 and $ 100k puts expiring on October 31.

Movements in the market

BTC reached 1.43% from 4 pm et Thursday to $ 117,327.22 (24hrs: +0.62%)
ETH climbed 2.09% to $ 4,597.79 (24hrs: +2.12%)
CoinDesk 20 climbed 2.9% to 4,400.70 (24hrs: +2.9%)
Ether Cesr Composite Staking Rate is up 3 bps at 2.89%
BTC funding rate is at 0.0093% (10.1583% annual) In Binance

DXY does not change to 96.89
Gold futures dropped 0.31% to $ 3,706.30
Silver futures reached 0.19% to $ 42.23
Nikkei 225 closed 1.15% to 45,303.43
Hang Seng closed 1.35% to 26,544.85
FTSE reached 0.38% to 9,243.77
Euro Stoxx 50 reached 1.27% to 5,437.69
DJIA closed on Wednesday up to 0.57% to 46,018.32
S&P 500 closed 0.1% to 6,600.35
The Nasdaq Composite closed 0.33% to 22,261.33
The S&P/TSX Composite is closed unchanged at 29,321.66
S&P 40 Latin America closed 0.29% to 2,927.97
US 10-year Treasury Rate dropped 3.3 bps to 4.043%
E-Mini S&P 500 futures are up to 0.85% to 6,715.50
E-Mini Nasdaq-100 Futures reached 1.03% to 24,717.00
The E-Mini Dow Jones Industrial Average Index is up to 0.69% to 46,684.00

Bitcoin stats

BTC Dominance: 57.74% (0.1%)
Ether in bitcoin ratio: 0.03922 (-0.56%)
Hashrate (Seven-day moving average): 980 eh/s
Hashprice (Spot): $ 54.76
Total Fees: 4.50 BTC / $ 523,932
CME Futures Open Interest: 144,440 BTC
Btc that is priced at gold: 32 oz
BTC vs Gold Market Cap: 9.03%

Technical analysis

BTC price chart (ascending) compared to combined -with open interest in eternal futures (refusal).

The chart shows that as the BTC price increased last week, the combined -open interest in the eternal futures listed in the major exchanges refused.
The difference -Iba indicates a lack of participation from the merchants who are in the price rally.

Crypto equities

Coinbase Global (Coins): closed on Wednesday at $ 320.56 (-2.24%)+2.26% to $ 337.17 in pre-market
Circle (CRCL): closed to $ 131.04 (-2.8%)+2.07% at $ 327.18
Galaxy Digital (Glxy): closed to $ 33.01 (+3.71%)+2.57% at $ 33.86
Bullish (Blsh): closed to $ 54.35 (+5.82%)+10.4% at $ 60
Mara holdings (Mara): closed to $ 17.34 (-1.08%)+2.02% at $ 17.69
Riot platform (Excitement): closed to $ 17.62 (+0.57%)+2.55% at $ 18.07
Basic scientific (Corz): closed to $ 16.27 (+0.56%)+2.09% at $ 16.61
Cleanspark (CLSK): closed to $ 11.44 (+2.14%)+3.67% at $ 11.86
Coinshares valkyrie bitcoin miners etf (Wgmi): closed to $ 41.15 (+3.24%)+5.22% at $ 43.30
Exodus movement (Exod): closed to $ 28.24 (-4.92%)+4% at $ 29.37