With the US fee cut. Uu.

By Omkar Godbole (All Times et unless indicated otherwise)

Large cryptocurrencies, including bitcoin BTC$117,256.00Rose was followed by the long -awaited 25 -stand rates of the Federal Reserve and additional flexibility suggestions for the end of the year despite the most aggressive tone of the president of the Fed, Jerome Powell, at the following press conference.

The Coendesk 20 index recently increased 3% for 24 hours with all members in the green.

Merchants can now focus on specific cryptographic developments. An outstanding is the approval of the SEC of the “accelerated base” listing standards for cryptographic ETFs, which reduces approval times of approximately 75 days from 240 days. A similar generic list standard for traditional markets caused a strong increase in lists, as Eric Bloomberg Balchunas pointed out.

Another great story comes from Defi Giant Aave, which announced its V4 roadmap with a change to the ERC-4626 Share accounting. Here is the translation: Bajo Aave V3, if you deposit 100 DAI, the number of atokens that has interests it will increase over time. With V4, it will still have 100 tokens, but the value of each token will increase.

This change promises cleaner integrations, a easier fiscal treatment and better compatibility with other DEFI protocols. The road map also indicates a strategic setback of less productive implementations in certain CAPA-2 networks and CAP-1 alternatives. The price of Token AAVE has increased more than 4% in the last 24 hours.

In other news, the Decentralized Blockchain Bridge worm hole announced a new tokenomic, offering greater income opportunities for actors of active tokens in governance, together with a strategic reserve.

A popular publication of the pseudonym observer G3ronimo made waves, arguing that Hyperliquid’s hype token is significantly undervalued. G3ronimo defends the use of discount cash flow (DCF) Models on traditional multiples thanks to Hype’s unique cash flow dynamics.

In traditional markets, the dollar remains well above its minimum of July, suggesting that Fed rates cuts already had a price. Stay alert!

What to see

• Crypto
• Macro
  • September 18, 7 AM: Reference interest rate of the United Kingdom Est. No changes at 4%; followed by the release of the MPC meeting.
  • September 18, 8:30 am: Fed Manufacturing Index of Philadelphia Est. 2.3.
  • September 18, 8:30 am: Initial unemployment claims of the USA for the week ending on September 13. Est. 240K.
• Earnings (Estimates based on data data)
  • September 18: Lite Strategy (Lit), Pre-Mercado

Token events

• Government votes and calls
  • Mantledao votes to keep the budget 2025-2026 at $ 52 million of USDC and 200 million MNT. The vote ends on September 18
  • The yield base proposed by Michael Egorov in Curve, a $ 60 million plan to finance Bitcoins groups and provide VCRV holders to 65% of income. The vote ends on September 24.
• You unlock
  • September 18: Fasttoken FTN$4.3960 Unlock 2.08% of its circulating supply for a value of $ 89.8 million
• Lanza Token

Conferences

Token talk

By Oliver Knight

• The Altcoin market organized a strong rebound after the overene RSI readings on Wednesday, with several tokens publishing profits greater than 10%.
• Leading the rally is Ether.fi (Ethfi)12% in the last 24 hours to $ 1.64, the highest since January.
• BNB also achieved a milestone, breaking $ 1,000 for the first time as the impulse accelerates towards new records.
• The bullish backdrop occurs as Bitcoin rises to $ 117,300, consolidating above the critical support at $ 110,000.
• Meanwhile, Bitcoin’s domain fell to 56% in CoinmarketCap, the lowest since the beginning of January, highlighting the growing appetite of investors for more speculative investments.
• The decentralized finance (Defi) The sector has been one of the biggest beneficiaries of the highest Thursday movement, with a total value blocked (TVL) In all protocols reaching $ 170 billion, the highest point since April 2022.
• The Hyperliquid Capa-1 block chain recorded a record of $ 2.77 billion that increased 3.88% in 24 hours, while SUI TVL increases 3% to $ 2.1 billion.

Derivative positioning

• BNB, AVAX and DOT have seen two -digit increases in futures of open interest (I heard) In the last 24 hours, reinforcing its price earnings from 5% to 9%.
• The cumulative OI of BTC in perpetual futures called in USD and USDT continues to decrease, diverging the upward price. Perhaps derived merchants do not participate in the rally. (See the technical analysis section).
• BCH, TRX, BNB, BTC, XMR, AVAX and SUI stand out with a delta of cumulative volume of positive open interest, indicating a strong purchase pressure.
• There are no signs of overheating, even in the additional corners of the cryptography market, since annualized financing rates for smaller speculative tokens remain around 10%.
• In the CME, OI in Ether’s futures is closing again in the ETH brand of 2 million, while BTC’s future positioning is still considerably light. The anualized base of three months for both tokens remains below 10%, offering significantly lower performance for transport merchants than 17% sun.
• In Dribit, the Risk Reversions of 25 Delta reveal a neutral at bassist (put) Bias in the expiration options of March. In contrast, ether options are optimistic in all tenors.
• The block flows in the OTC network paradigm filed the demand for the $ 116K call that expired on September 19 and the $ 100K expired on October 31.

Market movements

• BTC increased 1.43% of the 4 PM ET on Thursday to $ 117,327.22 (24 hours: +0.62%)
• ETH has risen 2.09% to $ 4,597.79 (24 hours: +2.12%)
• COINDESK 20 has increased 2.9% to 4,400.70 (24 hours: +2.9%)
• The reference rate composed of CESR Ether CESR rises 3 bp with 2.89%
• BTC’s financing rate is at 0.0093% (10,1583% annualized) In Binance

• DXY has not changed to 96.89
• Gold futures have dropped 0.31% to $ 3,706.30
• Silver futures rose 0.19% to $ 42.23
• Nikkei 225 closed 1.15% to 45,303.43
• Hang Seng closed 1.35% to 26,544.85
• FTSE increased 0.38% to 9,243.77
• Euro Stoxx 50 increased 1.27% to 5,437.69
• Djia closed Wednesday with 0.57% to 46,018.32
• S&P 500 closed 0.1% to 6,600.35
• The Nasdaq compound closed 0.33% to 22,261.33
• S&P/TSX composite closed without changes at 29,321.66
• S&P 40 Latin America closed 0.29% to 2,927.97
• The 10 -year Treasury rate of US has dropped 3.3 bp to 4,043%
• E-mini s & p 500 futures rose 0.85% to 6,715.50
• E-mini nasdaq-100 futures have increased 1.03% to 24,717.00
• The average E-Mini Dow Jones Industrial Industrial increased 0.69% to 46,684.00

Bitcoin statistics

• BTC domain: 57.74% (0.1%)
• Bitcoin ether ratio: 0.03922 (-0.56%)
• CONEHRATE (seven -day mobile): 980 eh/s
• Vegetable patch (place): $ 54.76
• Total rates: 4.50 BTC / $ 523,932
• Cme future open interest: 144,440 BTC
• BTC with a gold price: 32 oz
• BTC vs Gold Market Cap: 9.03%

Technical analysis

• The picture shows that, although the BTC price has increased during the past week, the cumulative open interest in perpetual future that appears in the main exchanges has decreased.
• Divergence indicates a lack of participation of merchants derived in the price rally.

Cryptographic equities

• Global coinbase (COIN): Closed Wednesday at $ 320.56 (-2.24%)+2.26% at $ 337.17 in pre-market
• Circle (CRCL): closed at $ 131.04 (-2.8%)+2.07% at $ 327.18
• Galaxy Digital (GLXY): closed at $ 33.01 (+3.71%)+2.57% at $ 33.86
• Bullish (BLsh): closed at $ 54.35 (+5.82%)+10.4% at $ 60
• Mara Holdings (Mara): closed at $ 17.34 (-1.08%)+2.02% at $ 17.69
• Riot platforms (RIOT): closed at $ 17.62 (+0.57%)+2.55% at $ 18.07
• Core scientist (Corz): closed at $ 16.27 (+0.56%)+2.09% at $ 16.61
• Clean park (CLSK): closed at $ 11.44 (+2.14%)+3.67% at $ 11.86
• Coinshares Valkcoin Bitcoin Miners ETF (Wgmi): closed at $ 41.15 (+3.24%)+5.22% at $ 43.30
• Exodus movement (Exod): closed at $ 28.24 (-4.92%)+4% at $ 29.37

Crypto Treasury Companies

• Strategy (Mstr): closed at $ 329.71 (-1.61%)+2.26% at $ 337.17
• Semler Scientific (SMLR): closed at $ 27.68 (-4.91%)+3.36% at $ 28.61
• Sharplink Gaming (Sbet): closed at $ 17.12 (+1%)+3.04% at $ 17.64
• UPEXI (UPXI): closed at $ 6.08 (+4.55%)+5.51% at $ 6.42
• Lite strategy (LITS): closed at $ 2.61 (-2.97%)+8.81% at $ 2.84

ETF flows

Spot BTC ETFS

• Daily net flows: -$ 51.3 million
• Cumulative net flows: $ 57.29 billion
• Total BTC holdings ~ 1.32 million

Spot Eth Ethfs

• Daily net flows: -$ 1.9 million
• Cumulative net flows: $ 13.68 billion
• Total eth holdings ~ 6.59 million

Source: Farside Investors

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