With Fed Done, Here's 3 Stories to Watch: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise)

Major cryptocurrencies, including bitcoin (BTC), roseate pursuing the Federal Reserve’s long-anticipated 25 basis-point complaint chopped and hints of further easing by the year-end contempt Fed Chair Jerome Powell's much hawkish code astatine the pursuing property conference.

The CoinDesk 20 Index was precocious up 3% implicit 24 hours with each members successful the green.

Traders tin present absorption connected crypto-specific developments. One standout is the SEC’s support of "accelerated basis" listing standards for crypto ETFs, which cuts support times to astir 75 days from 240 days. A akin generic listing modular for accepted markets spurred a crisp summation successful listings, as noted by Bloomberg’s Eric Balchunas.

Another large communicative comes from DeFi elephantine Aave, which unveiled its V4 roadmap featuring a displacement to ERC-4626 stock accounting. Here’s the translation: Under Aave V3, if you deposited 100 DAI, the fig of interest-bearing aTokens you clasp would emergence implicit time. With V4, you’ll inactive person 100 tokens, but the worth of each token volition summation instead.

This alteration promises cleaner integrations, easier taxation treatment, and amended compatibility with different DeFi protocols. The roadmap besides signals a strategical pullback from little productive deployments connected definite layer-2 and alternate layer-1 networks. The terms of the AAVE token has risen implicit 4% successful the past 24 hours.

In different news, decentralized blockchain span Wormhole announced caller tokenomics, offering accrued earning opportunities for token holders progressive successful governance, on with a strategical reserve.

A fashionable station by pseudonymous perceiver G3ronimo made waves, arguing that Hyperliquid’s HYPE token is importantly undervalued. G3ronimo advocates utilizing discounted currency travel (DCF) models implicit accepted multiples acknowledgment to HYPE’s unsocial currency travel dynamics.

Across accepted markets, the dollar remains good supra its July lows — suggesting the Fed’s complaint cuts were already priced in. The yen weakened against the dollar up of Friday’s Bank of Japan complaint decision, with expectations for dependable rates and hawkish guardant guidance. Stay alert!

What to Watch

• Crypto
  • Sept. 18: Mavryk Network launches its mainnet and autochthonal MVRK token.
  • Sept. 18: Rex-Osprey’s Dogecoin ETF and XRP ETF start trading connected Cboe BZX Exchange nether tickers DOJE and XRPR, respectively.
  • Sept. 18: Unipoly Chain (UNP) mainnet launch.
  • Sept. 18: Deadline for MKR holders to upgrade to SKY tokens to debar penalties.
• Macro
  • Sept. 18, 7 a.m.: U.K. benchmark interest-rate determination Est. unchanged astatine 4%; followed by the merchandise of MPC gathering minutes.
  • Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3.
  • Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K.
• Earnings (Estimates based connected FactSet data)
  • Sept. 18: Lite Strategy (LITS), pre-market

Token Events

• Governance votes & calls
  • MantleDAO is voting connected keeping the 2025-2026 budget astatine $52 cardinal USDc and 200 cardinal MNT. Voting ends Sept. 18
  • Curve’s Michael Egorov proposed Yield Basis, a $60 cardinal program to money bitcoin pools and springiness veCRV holders up to 65% of revenue. Voting ends Sept. 24.
• Unlocks
  • Sept. 18: Fasttoken (FTN) to unlock 2.08% of its circulating proviso worthy $89.8 million
• Token Launches
  • Sept. 18: Deadline to person MKR to SKY earlier the delayed upgrade punishment takes effect.

Conferences

• Day 2 of 3: AIBC 2025 (Tokyo, Japan)
• Sept. 18: CBC Summit USA (Washington)

Token Talk

By Oliver Knight

• The altcoin marketplace staged a beardown rebound pursuing Wednesday's oversold RSI readings, with respective tokens posting gains successful excess of 10%.
• Leading the rally is ether.fi (ETHFI), up 12% successful the past 24 hours to $1.64, the highest since January.
• BNB besides notched a milestone, breaking done $1,000 for the archetypal clip arsenic momentum accelerates toward caller grounds highs.
• The bullish backdrop comes arsenic bitcoin creeps up toward $117,300, consolidating supra captious enactment astatine $110,000.
• Meanwhile, bitcoin dominance slipped to 56% astatine CoinMarketCap, its lowest since aboriginal January, highlighting investors’ increasing appetite for much speculative investments.
• The decentralized concern (DeFi) assemblage has been 1 of the largest beneficiaries of Thursday's determination higher, with full worth locked (TVL) crossed each protocols hitting $170 billion, the highest constituent since April, 2022.
• Hyperliquid's layer-1 blockchain notched a grounds precocious of $2.77 cardinal having risen by 3.88% successful 24 hours, portion Sui's TVL is up by 3% to $2.1 billion.

Derivatives Positioning

• BNB, AVAX, and DOT person each seen double-digit increases successful futures unfastened involvement (OI) successful the past 24 hours, reinforcing their terms gains of 5% to 9%.
• BTC's cumulative OI successful USD and USDT-denominated perpetual futures continues to drop, diverging from the ascending price. Perhaps derivative traders are not participating successful the rally. (Check retired the Technical Analysis section.)
• BCH, TRX, BNB, BTC, XMR, AVAX, and SUI basal retired with a affirmative unfastened interest-adjusted cumulative measurement delta, indicating beardown buying pressure.
• There are nary signs of overheating adjacent successful the further corners of the crypto market, arsenic annualized backing rates for smaller speculative tokens stay astatine astir 10%.
• On the CME, OI successful ether futures is again closing connected the 2 cardinal ETH mark, portion positioning successful BTC futures remains considerably light. The annualized three-month ground for some tokens remains beneath 10%, offering importantly little output to transportation traders than SOL's 17% return.
• On Deribit, 25-delta hazard reversals uncover a neutral to bearish (put) bias successful options retired to March expiry. In contrast, ether options are bullish crossed each tenors.
• Block flows connected OTC web Paradigm featured request for the $116K telephone expiring connected Sept. 19 and the $100K enactment expiring connected Oct. 31.

Market Movements

• BTC is up 1.43% from 4 p.m. ET Thursday astatine $117,327.22 (24hrs: +0.62%)
• ETH is up 2.09% astatine $4,597.79 (24hrs: +2.12%)
• CoinDesk 20 is up 2.9% astatine 4,400.70 (24hrs: +2.9%)
• Ether CESR Composite Staking Rate is up 3 bps astatine 2.89%
• BTC backing complaint is astatine 0.0093% (10.1583% annualized) connected Binance

• DXY is unchanged astatine 96.89
• Gold futures are down 0.31% astatine $3,706.30
• Silver futures are up 0.19% astatine $42.23
• Nikkei 225 closed up 1.15% astatine 45,303.43
• Hang Seng closed down 1.35% astatine 26,544.85
• FTSE is up 0.38% astatine 9,243.77
• Euro Stoxx 50 is up 1.27% astatine 5,437.69
• DJIA closed connected Wednesday up 0.57% astatine 46,018.32
• S&P 500 closed down 0.1% astatine 6,600.35
• Nasdaq Composite closed down 0.33% astatine 22,261.33
• S&P/TSX Composite closed unchanged astatine 29,321.66
• S&P 40 Latin America closed up 0.29% astatine 2,927.97
• U.S. 10-Year Treasury complaint is down 3.3 bps astatine 4.043%
• E-mini S&P 500 futures are up 0.85% astatine 6,715.50
• E-mini Nasdaq-100 futures are up 1.03% astatine 24,717.00
• E-mini Dow Jones Industrial Average Index are up 0.69% astatine 46,684.00

Bitcoin Stats

• BTC Dominance: 57.74% (0.1%)
• Ether to 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 priced successful gold: 32 oz
• BTC vs golden marketplace cap: 9.03%

Technical Analysis

• The illustration shows that portion BTC's terms person risen implicit the past week, the cumulative unfastened involvement successful perpetual futures listed connected large exchanges has declined.
• The divergence indicates a deficiency of information from derivative traders successful the terms rally.

Crypto Equities

• Coinbase Global (COIN): closed connected Wednesday astatine $320.56 (-2.24%), +2.26% astatine $337.17 successful pre-market
• Circle (CRCL): closed astatine $131.04 (-2.8%), +2.07% astatine $327.18
• Galaxy Digital (GLXY): closed astatine $33.01 (+3.71%), +2.57% astatine $33.86
• Bullish (BLSH): closed astatine $54.35 (+5.82%), +10.4% astatine $60
• MARA Holdings (MARA): closed astatine $17.34 (-1.08%), +2.02% astatine $17.69
• Riot Platforms (RIOT): closed astatine $17.62 (+0.57%), +2.55% astatine $18.07
• Core Scientific (CORZ): closed astatine $16.27 (+0.56%), +2.09% astatine $16.61
• CleanSpark (CLSK): closed astatine $11.44 (+2.14%), +3.67% astatine $11.86
• CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed astatine $41.15 (+3.24%), +5.22% astatine $43.30
• Exodus Movement (EXOD): closed astatine $28.24 (-4.92%), +4% astatine $29.37

Crypto Treasury Companies

• Strategy (MSTR): closed astatine $329.71 (-1.61%), +2.26% astatine $337.17
• Semler Scientific (SMLR): closed astatine $27.68 (-4.91%), +3.36% astatine $28.61
• SharpLink Gaming (SBET): closed astatine $17.12 (+1%), +3.04% astatine $17.64
• Upexi (UPXI): closed astatine $6.08 (+4.55%), +5.51% astatine $6.42
• Lite Strategy (LITS): closed astatine $2.61 (-2.97%), +8.81% astatine $2.84

ETF Flows

Spot BTC ETFs

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

Spot ETH ETFs

• Daily nett flows: -$1.9 million
• Cumulative nett flows: $13.68 billion
• Total ETH holdings ~6.59 million

Source: Farside Investors

While You Were Sleeping

• ​​Bitcoin ETF Inflows Reverse arsenic Fed’s Hawkish Outlook Triggers Market Caution (CoinDesk): Bitcoin ETFs saw $51 cardinal successful withdrawals, their archetypal nett outflow successful implicit a week, portion ether ETFs recorded $1.9 cardinal successful redemptions, a 2nd consecutive time of outflows
• Australia's Financial Watchdog Offers Exemptions to Stablecoin Intermediaries (CoinDesk): Australia's Securities and Investments Commission volition exempt intermediaries from licensing if they administer stablecoins minted by issuers that already clasp a fiscal services license.
• Ripple, Franklin Templeton and DBS to Offer Token Lending and Trading (CoinDesk): Franklin Templeton volition tokenize its wealth marketplace money connected the XRP Ledger, with DBS listing the sgBENJI token alongside Ripple's RLUSD, enabling clients to displacement betwixt output and stability.
• Gold Falls From Record After Fed Rates Commentary Sparks Caution (Bloomberg): Gold slipped aft the Fed’s complaint chopped arsenic a firmer dollar followed Powell’s cautious tone, but ostentation worries and upbeat forecasts could acceptable the signifier for a renewed rally.
• Powell’s Last Stand: Balancing a Tricky Economy and Intense Political Pressure (The Wall Street Journal): Some economists accidental the Fed should person gone for a half-point chopped to support jobs from tariff pressures, portion others caution that deeper easing could fto ostentation persist.