By Omkar Godbole (All Times et unless indicated otherwise)
The SEC, as a market regulator, could now be more pro-crypto if I try! On Thursday, an ETF spot linked to one of the less “serious” cryptocurrencies: Dogecoin -He died in the United States together with XRP centered on payments.
Unlike Bitcoin ether (Eth) and Stablecoins, which act as value stores and facilitate decentralized finances, memecoins such as Doge are completely driven by tweets and a cult fandom, such as baseball or pro-wrestling cards. Some observers are understandably concerned that wrapping this asset in an ETF gives it a false sheet of legitimacy, putting investors at risk.
You can call this the moment “Peak Pro-Crypto SEC”, when regulators become so friendly that even memecoras get their own institutional envelope. And, by coincidence, also a maximum moment of liquidity, because when the cash flows freely, the merchants become more adventurous. That is one of the reasons why Fed may need to go slowly with speed cuts.
The cryptographic market does not seem impressed. Doge fell more than 2% in 24 hours, a strong contrast with 2021, when a single Tweet of Elon Musk could send it shooting. All Memes token gang is receiving a blow; Names like M, Pump and Toshi have dropped almost 10% in the same period.
XRP does not fall easily, falling 2%. Bitcoin and Ether also remain under pressure, and merchants aggressively seek the downward protection in the options market. The Coendesk 20 index was 1.3% lower at the time of publication.
According to the reports, in other news, the CEO of Consensys said that a Metamask Token will arrive earlier than expected. The popular newsletter writer Christine Kim transmitted that Ethereum’s Fusaka update is scheduled for December 3. This update groups multiple proposals for the improvement of Ethereum focused on improving data availability and reducing costs for layer 2 surveys.
Meanwhile, traditional markets are not easy for cryptographic bulls. The dollar index and treasure yields exceeded. The Bank of Japan remained in rates, with two dissidents that indicate walks in the coming months. The Central Bank announced the gradual sale of ETF to lose weight its swollen balance. Stay alert!
What to see
- Crypto
- September 19: Grayscale Digital Large Cap Fund, which became the ETF of the Crypto 5 ETF gray scale on September 18, will ascend to Nyse’s Arca exchange and begin to trade under the GDLC Ticker.
- Macro
- September 19, 8:30 am: Retail sales of Julio de Canada Yoy Est. N / A (Previous 6.6%)Mother (end) Est. -0.8%.
- September 19 (After market closure): The quarterly rebalancing S&P 500, 400 and 600 comes into force, adding Robinhood (HOOD).
- Earnings (Estimates based on data data)
Token events
- Government votes and calls
- Gnosis Dao is voting at a pilot growth fund of $ 40,000 using the conviction vote in the gardens to empower GNO holders and support small ecosystems initiatives directed by the community. The vote ends on September 23.
- Balance Dao is voting on a ecosystem roadmap and a financing plan until the second quarter of 2026. Establishes growth, income, innovation and governance objectives and requests $ 2.87 million in USDC and 166,250 BL to finance initiatives. The vote ends on September 23.
- You unlock
- September 20: Velo Unlock 13.63% of its circulating supply for a value of $ 43.39 million.
- Lanza Token
- September 19, 9 am: ENOSYS will appear at Stablecoin backed by XRP for Flare
- September 19: Lombard (BARD) To appear in Poloniex.
- September 20: Reserve Rights To make a tokens burn.
Conferences
Token talk
By Oliver Knight
- Aster, the native token of its homonymous decentralized exchange, increased 33% in the last 24 hours to contribute a 650% gain since it was issued earlier this week.
- The Token was promoted in X by the founder of Binance Changpeng Zhao, who states that Token is a direct competitor of Hyperliquid’s exaggeration.
- Almost 330,000 wallets used Aster before a series of exchange listings for the Token, with a daily negotiation volume that reaches $ 420 million.
- The introduction of the platform has not been without controversy, one of the members of the Aster team said that “the funds are safe” in discord in response to concerns about whether the funds could withdraw.
- It is also claimed that Aster is just a change of Apolx brand, an exchange of decentralized perpetuals that has existed for years.
- However, the platform has proven to be attractive in the last 24 hours and is considered by some merchants as an viable alternative to hyperlichid, whose Token has a market capitalization of $ 18.7 billion compared to the $ 1 billion Aster.
Derivative positioning
- Avax is the only upper cryptocurrency to show off an increase in the perpetual interest of futures in the last 24 hours. The rest of the currencies have seen a negative, a sign of capital exits.
- According to Glassnode of data origin, 5,000 BTC in long positions are vulnerable to liquidation if the price falls below $ 117,000. There is also an accumulation of short positions at higher prices levels, which represents a sales mentality on height.
- Most of the specialties, excluding Link, Dot and TRX, have seen the net sale in futures, as evidenced by their 24 -hour negative cumulative volume. This indicates the possibility of a strong fall in Altcoins later today along with a growing risk aversion on Wall Street.
- In the CME, Bitcoin Futures OI has limited 149k BTC, finishing a lower two -month trend. (See the Technical Analysis Section). Perhaps, fresh shorts are arriving, since the three -month annualized premium remains below 10% and seems to be in a tendency towards the south. Ether’s Futures OI has risen above 2 million ETH.
- In Delibit, merchants continue to chase sales options linked to BTC in a sign of persistent concerns. The flows on the OTC network paradigm presented calendar and put writings.
Market movements
- BTC has dropped 0.9% of the 4 pm et on Thursday to $ 116,531,51 (24 hours: -0.61%)
- ETH has dropped 1.81% to $ 4,523.65 (24 hours: -1%)
- COINDESK 20 has dropped 1.82% to 4,334.77 (24 hours: -1.27 %%)
- The reference rate composed of Ether increases 3 PB to 2.92%
- BTC’s financing rate is at 0.0042% (4,5651% annualized) In Binance
- DXY has risen 0.24% to 97.58
- Gold futures rose 0.34% to $ 3,690.80
- Silver futures rose 0.86% to $ 42.48
- Nikkei 225 closed 0.57% to 45,045.81
- Hang Seng closed without changes at 26,545.10
- Ftse has risen 0.06% to 9,233.88
- Euro Stoxx 50 has increased 0.14% to 5,464.39
- Djia closed Thursday with 0.27% to 46,142.42
- S&P 500 closed 0.48% to 6,631.96
- The Nasdaq compound closed 0.94% to 22,470.72
- The S&P/TSX compound closed 0.45% to 29,453.53
- S&P 40 Latin America closed 0.75% at 2,906
- The 10 -year Treasury rate. UU. Increases 1.4 bp at 4,118%
- E-mini s & p 500 futures have not changed to 6,693.75
- E-mini nasdaq-100 futures have not changed to 24,709.50
- The average E-mini Dow Jones Industrial has not changed 46,503.00
Bitcoin statistics
- BTC domain: 57.92% (+0.31%)
- Ether-bitcoin ratio: 0.03879 (-1.01%)
- CONEHRATE (seven -day mobile): 991 eh/s
- Vegetable patch (place): $ 52.08
- Total rates: 3.69 BTC / $ 432,583
- CME Futures Open Interest: 149,110 BTC
- BTC with a gold price: 31.9 oz.
- BTC vs Gold Market Cap: 9.03%
Technical analysis
- The open interest in BTC futures listed in the CME has increased from 133K to 149k BTC, finishing a two -month bearish trend.
- The change shows renewed capital tickets in the market, although the direction of the flows remains without being clear.
Cryptographic equities
- Global coinbase (COIN): Closed Thursday at $ 343.13 (+7.04%)-0.62% at $ 341.00 in pre -entertainment
- Circle (CRCL): closed at $ 140.42 (+7.16%)+2.53% at $ 143.97
- Galaxy Digital (GLXY): closed at $ 33.08 (+0.21%)-1.75% at $ 32.50
- Bullish (BLsh): closed at $ 65.61 (+20.72%)-2.85% at $ 63.74
- Mara Holdings (Mara): closed at $ 18.5 (+6.69%)-0.65% at $ 18.38
- Riot platforms (RIOT): closed at $ 17.51 (-0.62%)-0.69% at $ 17.39
- Core scientist (Corz): closed at $ 16.75 (+2.95%)-0.12% at $ 16.73
- Clean park (CLSK): closed at $ 13.46 (+17.66%)-1.26% at $ 13.29
- Coinshares Valkcoin Bitcoin Miners ETF (Wgmi): closed at $ 41.1 (-0.12%)-1.41% at $ 40.52
- Exodus movement (Exod): closed at $ 29.26 (+3.61%)
Crypto Treasury Companies
- Strategy (Mstr): closed at $ 349.12 (+5.89%)No changes in the previous market
- Semler Scientific (SMLR): closed at $ 29.49 (+6.54%)No changes in the previous market
- Sharplink Gaming (Sbet): closed at $ 17.22 (+0.58%)-0.41% at $ 17.15
- UPEXI (UPXI): closed at $ 6.82 (+12.08%)-1.03% at $ 6.75
- Lite strategy (LITS): closed at $ 2.71 (+3.83%)+3.69% at $ 2.81
ETF flows
Spot BTC ETFS
- Daily net flows: $ 163 million
- Cumulative net flows: $ 57.46 billion
- Total BTC holdings ~ 1.32 million
Spot Eth Ethfs
- Daily net flows: $ 213.1 million
- Cumulative net flows: $ 13.89 billion
- Total eth holdings ~ 6.6 million
Source: Farside Investors
While you sleep
