Of Omkar Godbole (All times one unless otherwise stated)
A day after the US CPI report, the market mood remains bullish with dealers who expect Fed to reduce interest rates three times this year, starting next week.
Crypto Pundits expect Bitcoin To reach a new lifetime high. Don’t forget it’s less than a month since it hit a record around $ 124,500. However, the real tension centers on altcoins such as XRP and SOL, which is likely to surpass market leaders, BTC and ether (Eth).
“The bull market is far from exhausted. Strong public active chains and expectations of bold -up rate cuts provide a supportive macro background, while institutional influxes and growing legislative clarity continue to add fuel,” wrote Ryan Lee, the main analyst at Bitget, in an E email.
“The potential approval of XRP and Sol Spot ETFs could serve as a larger catalyst that unlocks billions in fresh demand and strengthens confidence in digital assets like a mainstream asset class,” Lee wrote.
They are not the only ones, with Le Shi, CEO of Market Making Firm Auros, which marks BNB and hype as tokens of interest after they hit all time heights.
“In addition to that, the wider [digital asset treasury] The narrative continues to attract both capital and conviction, with sun, hype and cro among the key tokens to trace, “Shi said.
Other observers highlighted Defi Protocol Ethenas Ena as a prominent coin as Fed reduces the rates in the coming months.
When we talk about institutional demand, Polygon Labs, the team behind the polygon ecosystem, with Capital, is working an investment company for digital assets, to expand institutional access to its original token, Pol.
“We see sustained demand from institutional investors on dividend-generating digital assets supported by real network activity,” Aishwary Gupta, global payment manager, exchanges and assets in the real world on Polygon Labs, said in a statement.
In other key news, the yield on the US 10-year-old Treasury note seems to fall below 4%, a bullish development for markets.
“… We are targeted at 3.80%,” the founders of Crypto Newsletter Service Londoncryptoclub said at X. “This is quite the phrase in the story of recent weeks and is another nice headwind to Bitcoin and risk in general.”
Meanwhile, Blockchain Sleuth Lookonchain continued whale purchase in Hype, which has already achieved over 5% in seven days to hit a record over $ 56.
In traditional markets, the dollar index hovering in recent intervals despite the growing odds of faster cuts in Feder. Is the expected easing already baked in? Stay aware!
What to look at
- Crypto
- September 12: Gemini Space Station, Winklevoss Twins’ Crypto Exchange, starts trading with Nasdaq Global Select Market under Ticker Gemi.
- September 12: Rex-OsPrey Dogecoin Etf begins shopping on CBOE BZX Exchange under Ticker Doje.
- Macro
- September 12: Uruguay Q2 GDP Growth Est. Reach (Previous 3.4%).
- Earnings (Estimates based on Factset -Data)
Token -events
- Management votes and calls
- Hyperliquid to vote on who is issuing his USDH stableecoin. Voting will take place on September 14.
- Curve DAO votes to update donation-enabled TwoCrypto contracts, refining donation that earns such unlocked parts persisting after burns. Voting ends September 16.
- Unlock
- September 15: Starknet (Strk) To unlock 5.98% of its circulating supply worth $ 17.09 million.
- September 15: SEI To unlock 1.18% of its circulating supply worth $ 18.06 million.
- Token launches
- September 12: Unibase (UB) Must be listed on Binance Alpha, Mexc and others.
Conferences
Token Talk
By Oliver Knight
- One of the founders of Thorchain, a decentralized network that allows users to send assets across blockchains, was hacked this week after being dipped by a Deepfake video call on zoom.
- “OK, so this attack manifested itself finally. Had an old metamask cleaned out,” JPTOR wrote on X.
- Peckshield noted that $ 1.2 million was stolen from a Thorchain user where Zachxbt added that the perpetrator is linked to North Korean hackers.
- Thorchain appeared as one of North Korea’s most popular money laundering tools earlier this year; Researchers estimated that 80% of the proceeds from a hack of $ 1.4 billion on Bybit had been sifoned through thorchain and protocols like Vultisig.
- Thorchain -Token (Rune) trades about $ 1.28, after losing 14% of its value in the last month and more than 90% since he hit his highest March 2024 of $ 12.95.
- The hack involved a mix of social technology and phishing, two techniques that contributed to the $ 2.5 billion stolen by hackers in the first half of 2025.
Derivatives Location
- Open interest in futures tied to the top 10 cryptocurrencies increased 3% -5% over the last 24 hours, when strengthening the expectations that the fat rate cuts prompt traders was more risk.
- The market still does not appear overheated, with the annual eternal financing rates for larger coins that continue to hover about 10%. Positive financing rates indicate a bullish bias among the traders. Extremely high values typically signalize market foam.
- Oi in Pengu, one of the best priesting tokens in the last seven days, hit a record high 7.78 billion coins that validated the price increase. Financing rates for the coin are slightly increased to approx. 15%.
- Smaller tokens, like Sky and Pyth, have deeply negative financing rates, a sign of bias against bearish, short positions.
- CME’s Bitcoin-Futures finally sees a Uptick in Oi that ends a decline of several weeks, while Ether Oi has withdrawn to a one month low of 1.78 million ETH. These divergent trends can be a sign of renewed trader focus on BTC. Settings OI in BTC and ETH remain elevated at Multimonth heights.
- At Deribit, BTC and ETH Options continue to show a bias against the outlet of the December outlet, despite the fact that the trading pricing of approx. Five US interest rates in July next year.
Market movements
- BTC has risen 0.53% from 16:00 a Thursday to $ 115,049.85 (24 hours: +0.79%)
- ETH has increased by 2.21% to $ 4,515.82 (24 hours: +1.89%)
- Coindesk 20 has risen 1.82% at 4,289.35 (24 hours: +1.72%)
- Ether Cesr Composite Staking Rate has increased by 6 bps of 2.86%
- BTC financing rate is at 0.0085% (9,2549% annually) On Binance
- DXY has increased by 0.22% at 97.75
- Gold Futures have risen 0.23% of $ 3,682.20
- Silver Futures have risen 1.68% of $ 42.85
- Nikkei 225 closed 0.89% at 44,768.12
- Hang bed closed 1.16% at 26,388.16
- FTSE has increased 0.32% at 9,327.33
- Euro Stoxx 50 has fallen 0.3% at 5,370.54
- Djia closed Thursday to 1.36% at 46,108.00
- S&P 500 closed 0.85% at 6,587.47
- Nasdaq Composite closed 0.72% at 22,043.07
- S&P/TSX Composite closed 0.78% at 29,407.89
- S&P 40 Latin America closed 1.31% at 2,859.93
- US 10-year-old Treasury has risen 2.5 bps by 4,036%
- E-MINI S&P 500 Futures are down 0.12% at 6,584.75
- E-MINI NASDAQ-100 futures are unchanged at 24,013.25
- E-MINI DOW JONES Industrial Average Index has dropped 0.2% at 46,049.00
Bitcoin statistics
- BTC Dominance: 57.95% (-0.55%)
- Ether to bitcoin ratio: 0.03930 (1.75%)
- Hashrate (Seven-day sliding average): 1,046 EH/S.
- Hashprice (place): $ 53.67
- Total fees: 3.96 BTC / $ 453,051
- Cme futures open interest: 139,355 BTC
- BTC priced in gold: 31.6 oz
- BTC VS GOLD MARKET CAP: 8.94%
Technical analysis
- XRP’s price is looking to establish a foothold over the upper end of a month -long falling triangle consolidation pattern.
- Should it succeed, the Momentum Chasers are likely to participate in the market and speed up the increase from record heights.
Crypto shares
- Coinbase Global (COIN): Closed Thursday at $ 323.95 (+2.73%)+0.66% to $ 326.10 on the market
- Circle (CRCL): Closed to $ 133.7 (+17.6%)+0.88% to $ 134.88
- Galaxy Digital (Glxy): Closed to $ 28.87 (+10.7%)+1.7% to $ 29.36
- Bullish (BLSH): Closed to $ 53.99 (+2.6%)+2.2% to $ 55.18
- Mara Holdings (Mara): Closed to $ 15.71 (-0.95%)+0.57% to $ 15.80
- Riot platforms (RIOT): Closed to $ 15.65 (-4.57%)+0.58% to $ 15.74
- Core scientific (Corz): Closed to $ 15.55 (-2.75%)+0.64% to $ 15.65
- Cleanspark (CLSK): Closed to $ 10.2 (+1.69%)+0.1% to $ 10.21
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): Closed to $ 35.67 (+0.51%)
- Exodus Movement (Exod): Closed to $ 28.86 (+4.98%)-1.18% to $ 28.52
Crypto Treasury Companies
- Strategy (Mstr): Closed to $ 326.02 (-0.13%)+0.81% to $ 328.65
- Semler Scientific (Smlr): Closed to $ 28.54 (+1.86%)+1.51% to $ 28.97
- Sharplink gaming (Sbet): Closed to $ 16.36 (+1.68%)+3.06% to $ 16.86
- Upexi (Upxi): Closed to $ 5.68 (+4.03%)+13.73% to $ 6.46
- Lite strategy (Lits) (formerly Mei Pharma): Closed to $ 3.07 (+10.43%)
Etf is flowing
SPOT BTC ETFS
- Daily Net Tream: $ 552.7 million
- Cumulative net streams: 56.15 billion dollars
- Collected BTC holdings ~ 1.30 million
SPOT ETH ETFS
- Daily Net Tream: $ 113.1 million
- Cumulative net streams: $ 12.97 billion
- Collected Eth Holdings ~ 6.42 million
Source: Father’s page -Investors
Today’s chart
- The chart shows the percentage of Dogecoin’s (DOGE) Circulating supply that has been active in the subsequent period of one year.
- The number of coins that have been moved or been implemented within the past year remains on Multimonth -low near 43%. Tally topped by almost 75% in November 2021 and has fallen ever since.
- The fall indicates an investor change to team strategy and reduced speculative trade.
While you were asleep
