By Omkar Godbole (All Times et unless indicated otherwise)
Suddenly, it is his rival of Ethereum Solana and his native to Token, since the widest market contains its breathing before the Federal Reserve decision on Wednesday.
Michael Novogratz, founder and CEO of Galaxy Investment, says that Solana could evolve to become a liquidation infrastructure in global finances. Because? Because the block chain can handle more than 6 billion transactions per day, which is much higher than the 400 million of 700 million operations that generally deal with global stock markets, he said. Speed matters.
In Basecamp 2025, the Coinbase Layer-2 network hinted plans for a tokens launch that could accelerate decentralization and released a Solana bridge to increase the connectivity of the cross chain. Dan Morehead of Panther Capital announced that Solana is its largest bet, valued at $ 1.1 billion, calling it the fastest and better block chain, which has even surpassed Bitcoin in the last four years.
If that is not enough, Kyle Samani, president of Solana Treasury Company Forward Industries, which is quoted in Nasdaq, said during the weekend that the company plans to display funds to boost the Ecosystem of decentralized finance finance of Solana.
All these signs suggest that Sol could overcome Bitcoin ether (Eth) And other important chips if the Fed reduces rates for the 25 basic points of this week, as expected. If it surprises with a 50 base movement, things could go crazy. Keep your eyes on those pairs of Sol/BTC and Sol/ETH trade.
Currently, Sol quotes around $ 235 after reaching a maximum point of about $ 250 over the weekend. Other important cryptocurrencies are trapped in neutral, behind the stocks, which continue to reach the frescoes.
In the Front of Stablecoin, the Bank of England proposed limits on how the value of the stablecoins backed by dollar can contain an individual, as low as 10,000 pounds ($ 13,600)citing systemic risks. Stani Kuchov, CEO of Aave, described the “absurd” movement and urged the cryptographic community to face such regulations.
It is likely that more countries, especially those with current account deficit, consider similar measures to stop the outputs that dodge traditional banks.
And as for traditional markets, the combination of rising actions on Monday and the Vix, the scary caliber of Wall Street, has some observers who raise their eyebrows. The story shows that these moments often precede market corrections, so keep alert!
What to see
- Crypto
- September 16, 12 pm: live Solana event in X. The guests include the co -founder of Fun.Fun Alon Cohen and Kyle Samani, president of Forward Industries (FORD) and the managing partner of Mulicoin Capital.
- Macro
- September 16, 8 am: Brazil Julio Unemployment Rate Est. 5.7%.
- September 16, 8:30 am: Canada August Titheline CPI Yoy Est. 2%, Mom Est. 0%; Core Yoy Est. N / A (Prev. 2.6%)Mom est. N / A (Prev. 0.1%).
- September 16, 8:30 am: August retail sales from USA. Yoy est. N / A (Previous 3.9%)Mom est. 0.3%.
- Earnings (Estimates based on data data)
Token events
- Government votes and calls
- Curve Dao is voting to update the Twocrypto contracts enabled for donations, refining the award of donation so that the unlocked portions persist after Burns. The vote ends on September 16.
- September 16: Aster Network will organize a community call.
- September 18, 6 AM: Mantle to organize the state of mind of the mantle, a monthly descent series.
- September 16, 12 pm: Kava to organize a community ask me anything (Ama) session.
- You unlock
- September 16: Arbitrum Unlock 2.03% of its circulating supply for a value of $ 45.92 million.
- Lanza Token
- September 16: Merlin (MRLN) To appear in Binance Alpha, Mexc, Bitmart, Gate.io and others.
Conferences
Token talk
By Oliver Knight
- As the encryption market remains within a narrow range after a brief peak and channel on Monday, a file is running its own career: IMX increases 15% in the last 24 hours with a daily negotiation volume that doubles to $ 144 million.
- The RISE lifted IMX, the native token of the immutable web 3 games, a maximum of five months.
- The bullish feeling around imminutable can be attributed to an investigation of the SEC that was eliminated earlier this year and the general optimism around the games sector. It is estimated that the games will reach the income of $ 200 billion this year with a higher growth forecast in 2026 together with the launch of Grand Theft Auto 6 of Rockstar Gaming.
- Immutable is well positioned to capitalize on that growth after associating with the Gigante of the Ubisoft Games in the next iteration of power and magical destination in April.
- Blockchain technology could have a key role to play in games if trends change towards property in the game of elements, which could see the implementation of non -fungible tokens (NFT) Within a game that could be collected or sold for cryptographic tokens.
- IMX is currently quoted at $ 0.736 after having left a key level of resistance. It is likely to try $ 0.70 as a support before potentially move higher, provided that the commercial volume can keep at these levels.
Derivative positioning
- Most of the main cryptocurrencies, including BTC and ETH, continued to experience capital outputs from future, which led to a decrease in open interest.
- AVAX stands out with OI increasing more than 14%, since the market capitalization of the Token seeks to rise above $ 13 billion for the first time since February 2.
- Solana OI has reached a record record of more than 70 million sun, with positive financing rates that point to upward capital tickets.
- In the CME, OI in Solana Futures returned to 7.63 million sun from the record of 8.12 million sun on September 12. Even so, the three -month annualized premium remains above 15%, offering an attractive performance for transport merchants.
- BTC CME OI continues to improve, but the general positioning remains light in relation to ether and sun futures.
- In Delibit, bias for BTC and ETH sales options continues to relieve in all tenors as merchants anticipate the Fed fees cuts. Sun and XRP options remain skewed.
- In the OTC network paradigm, the block flows presented a BTC calendar spreads and the short circuit of the call and sale options.
Market movements
- BTC has not changed from 4 pm et on Monday to $ 115,500.55 (24 hours: +0.54%)
- ETH has not changed to $ 4,513.45 (24 hours: -0.49%)
- COINDESK 20 has risen 0.48% to 4.271.28 (24 hours: +0.71%)
- The commitment rate composed of CESR Ether ups 5 bp with 2.87%
- BTC’s financing rate is at 0.0059% (6,4616% annualized) In Binance
- DXY has dropped 0.32% to 96.99
- Gold futures rose 0.42% to $ 3,734.70
- Silver futures rose 0.53% to $ 43.19
- Nikkei 225 closed 0.3% to 44,902.27
- Hang Seng closed without changes at 26,438.51
- Ftse has dropped 0.22% to 9,256.41
- Euro Stoxx 50 does not change to 5,437.55
- Djia closed Monday with 0.11% to 45,883.45
- S&P 500 closed 0.47% to 6,615.28
- The Nasdaq compound closed 0.94% to 22,348.75
- The S&P/TSX compound closed 0.5% to 29,431.02
- S&P 40 Latin America closed 1.64% to 2,904.55
- The US 10 -year treasury rate has not changed at 4,037%
- E-mini s & p 500 Futures rose 0.19% to 6,633.75
- E-mini nasdaq-100 futures rose 0.29% to 24,380.00
- The average industrial e-mini jones index has not changed to 45,902.00
Bitcoin statistics
- BTC domain: 58.11% (unchanged)
- Bitcoin ether ratio: 0.03907 (-0.36%)
- CONEHRATE (seven -day mobile): 1,025 eh/s
- Vegetable patch (place): $ 53.98
- Total rates: 4.41 BTC / $ 508,109
- Cme future open interest: 140,975 BTC
- BTC with a gold price: 31.2 oz
- BTC vs Gold Market Cap: 8.82%
Technical analysis
- The monthly chart shows that BTC is again testing the trend line that connects the previous upward market peaks.
- Bulls could not establish a support point over that line of trend in July and August.
- A third straight failure could really be emboldened to vendors, potentially producing a deeper fall.
Cryptographic equities
- Global coinbase (COIN): Closed Monday at $ 327.02 (+1.23%)+0.27% at $ 327.91
- Circle (CRCL): closed at $ 134.05 (+6.97%)No changes in the previous market
- Galaxy Digital (GLXY): closed at $ 30.77 (+3.6%)+0.58% at $ 30.95
- Bullish (BLsh): closed at $ 51.08 (-1.47%)+0.59% at $ 51.38
- Mara Holdings (Mara): closed at $ 16.24 (-0.43%)No changes in the previous market
- Riot platforms (RIOT): closed at $ 16.68 (+4.97%)+1.08% at $ 16.86
- Core scientist (Corz): closed at $ 16.32 (+2.9%)+0.37% at $ 16.38
- Clean park (CLSK): closed at $ 10.29 (-0.58%)+0.1% at $ 10.30
- Coinshares Valkcoin Bitcoin Miners ETF (Wgmi): closed at $ 38.73 (+3.78%)+1.96% at $ 39.49
- Exodus movement (Exod): closed at $ 27.88 (-1.69%)-1.94% at $ 27.34
Crypto Treasury Companies
- Strategy (Mstr): closed at $ 327.79 (-1.1%)+0.34% at $ 328.89
- Semler Scientific (SMLR): closed at $ 28.39 (-2.74%)
- Sharplink Gaming (Sbet): closed at $ 16.79 (-5.14%)+0.54% at $ 16.88
- UPEXI (UPXI): closed at $ 6.33 (-6.29%)+0.95% at $ 6.39
- Lite strategy (LITS): closed at $ 3.07 (+10.43%)
ETF flows
Spot BTC ETFS
- Daily net flows: $ 259.9 million
- Cumulative net flows: $ 57.05 billion
- Total BTC holdings ~ 1.31 million
Spot Eth Ethfs
- Daily net flows: $ 359.7 million
- Cumulative net flows: $ 13.74 billion
- Total eth holdings ~ 6.53 million
Source: Farside Investors
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