Of Omkar Godbole (All times one unless otherwise stated)
Large Cryptocurrencies, including Bitcoin Rose after the Federal Reserve’s long expected 25 base points cutting and hints of further easing at the end of the year despite FED chairman Jerome Powell’s more Hawkish tone at the following press conference.
The Coindesk 20 index was recently 3% over 24 hours with all members in the green.
Dealers can now focus on crypto -specific development. A prominent is SEC’s approval of the “Accelerated Basic” listing standards for Crypto ETFs, which cuts approval times to approx. 75 days from 240 days. A similar generic listing standard for traditional markets spurred a sharp increase in lists, as noted by Bloomberg’s Eric Balchunas.
Another great story comes from Defi Giant Aave, who revealed his V4 schedule with a shift to ERC-4626 stock accounts. Here’s the translation: Under Aave V3, if you deposited 100 DAI, the number of interest -bearing atokens you have would increase over time. With V4 you still have 100 tokens, but the value of each token will rise instead.
This change promises cleaner integrations, lighter tax treatment and better compatibility with other defi protocols. The timetable also signalizes a strategic withdrawal from less productive implementations on certain LAG-2 and alternative LAG-1 networks. The price of the Aave token has risen over 4% over the past 24 hours.
In other news, decentralized blockchain -bridge -worm hole announced new tokenomics, offering increased revenue options for token holders active in governance, along with a strategic reserve.
A popular post of pseudonymous observes g3ronimo created waves and argued that the hyperliquid hype hype is markedly underestimated. G3ronimo goes in to use reduced cash flow (DCF) Models of traditional multiples thanks to Hype’s unique cash flow dynamics.
Across traditional markets, the dollar remains well over its low July – which suggests that Fed’s rate -cuts were already priced in. The yen weakened against the dollar before Friday’s Bank of Japan Rate decision with expectations at stable prices and Hawkish forward guidance. Stay aware!
What to look at
- Crypto
- Macro
- September 18 at. 7: UK Benchmark Interest Decision Decision Est. unchanged to 4%; Followed by the release of MPC meeting minutes.
- September 18, 8:30: Philadelphia Fed Manufacturing Index Est. 2.3.
- September 18, 8:30: American initial unemployed requirements for the week ending September 13. Est. 240k.
- Earnings (Estimates based on Factset -Data)
- September 18: Lite Strategy (Lits), Pre-Market
Token -events
- Management votes and calls
- Mantledao votes to keep the budget 2025-2026 for $ 52 million USDC and $ 200 million. Voting ends September 18
- Curves Michael Egorov suggested a dividend basis, a $ 60 million plan to finance Bitcoin pools and give VCRV holders up to 65% of revenue. Voting ends September 24
- Unlock
- September 18: Fast -token To unlock 2.08% of its circulating supply worth $ 89.8 million
- Token launches
Conferences
Token Talk
By Oliver Knight
- The ALTCOIN market staged a strong rebound after Wednesday’s oversold RSI readings, with several tokens that emit gains exceeding 10%.
- Leading rally is ether.fi (Ethfi)Up 12% over the last 24 hours to $ 1.64, the highest since January.
- BNB also noted a milestone and broke through $ 1,000 for the first time as Momentum accelerates against fresh record heights.
- The bullish background comes when Bitcoin creeps up to $ 117,300 and consolidates over critical support for $ 110,000.
- Meanwhile, Bitcoin dominance slipped to 56% on coinmarketcap, the lowest since the beginning of January, highlighting the investors’ growing appetite for more speculative investments.
- The decentralized funding (Defi) Sector has been one of the largest recipients of Thursday’s movement higher, with the total value locked (Tvl) Across all protocols that hit $ 170 billion, the highest point since April 2022.
- Hyperliquids Layer-1 Blockchain noted a record height of $ 2.77 billion by by 3.88% in 24 hours, while Suis Tvl has risen by 3% to $ 2.1 billion.
Derivatives Location
- BNB, AVAX and DOT have all seen double -digit increases in futures open interest (Oi) Over the last 24 hours, their price gains amplify of 5% to 9%.
- BTC’s cumulative OI in USD and USDT-denominated eternal futures continues to fall and diverges from the rising price. Maybe derivative dealers do not participate in the rally. (Check the Technical Analysis section.)
- BCH, TRX, BNB, BTC, XMR, AVAX and SUI stand out with a positive open interested cumulative volume delta, indicating a strong purchase pressure.
- There is no evidence of overheating, even in the additional corners of the crypto market, as the annual financing rates for less speculative tokens remain at approx. 10%.
- At CME, OI in Ether futures closes again on the 2 million ETH mark, while placement in BTC futures remains considerable light. The annual three-month basis for both tokens remains below 10%, providing a significantly lower yield to wear dealers than the Sun’s 17% return.
- On dismissal reveals risk transfers 25-Delta a neutral for bearish (put) Bias in options out until March expired. In contrast, Ether Settings are Bullish across all tenors.
- Block currents on the OTC Network Paradigm contained demand for the $ 116K call, which expired on September 19, and $ 100,000 set expired on October 31.
Market movements
- BTC has risen 1.43% from 4pm one Thursday to $ 117,327.22 (24 hours: +0.62%)
- ETH has risen 2.09% of $ 4,597.79 (24 hours: +2.12%)
- Coindesk 20 has risen 2.9% at 4,400.70 (24 hours: +2.9%)
- Ether Cesr Composite Staking Rate has increased by 3 bps at 2.89%
- BTC financing rate is at 0.0093% (10,1583% annually) On Binance
- Dxy is unchanged at 96.89
- Gold Futures have fallen 0.31% of $ 3,706.30
- Silver Futures have risen 0.19% of $ 42.23
- Nikkei 225 closed 1.15% at 45.303.43
- Hang bed closed 1.35% at 26,544.85
- FTSE has increased 0.38% at 9,243.77
- Euro Stoxx 50 has risen 1.27% at 5,437.69
- Djia closed Wednesday to 0.57% at 46,018.32
- S&P 500 closed 0.1% at 6,600.35
- Nasdaq Composite closed 0.33% at 22,261.33
- S&P/TSX Composite closed unchanged at 29,321.66
- S&P 40 Latin America closed 0.29% at 2,927.97
- US 10-year-old Treasury is down 3.3 bps of 4.043%
- E-MINI S&P 500 FUTURES have increased 0.85% at 6,715.50
- E-MINI NASDAQ-100 FUTURES have risen 1.03% at 24,717.00
- E-MINI DOW JONES Industrial Average Index has risen 0.69% at 46,684.00
Bitcoin statistics
- BTC Dominance: 57.74% (0.1%)
- Ether to bitcoin ratio: 0.03922 (-0.56%)
- Hashrate (Seven-day sliding average): 980 EH/S.
- Hashprice (place): $ 54.76
- Total fees: 4.50 BTC / $ 523,932
- Cme futures open interest: 144,440 BTC
- BTC priced in gold: 32 oz
- BTC VS GOLD MARKET CAP: 9.03%
Technical analysis
- The diagram shows that although BTC’s price has risen over the past week, the cumulative open interest in eternal futures listed on larger exchanges has fallen.
- The divergence indicates a lack of participation from derived dealers in the price rally.
Crypto shares
- Coinbase Global (COIN): Closed Wednesday of $ 320.56 (-2.24%)+2.26% to $ 337.17 in Pre-Market
- Circle (CRCL): Closed to $ 131.04 (-2.8%)+2.07% to $ 327.18
- Galaxy Digital (Glxy): Closed to $ 33.01 (+3.71%)+2.57% to $ 33.86
- Bullish (BLSH): Closed to $ 54.35 (+5.82%)+10.4% to $ 60
- Mara Holdings (Mara): Closed to $ 17.34 (-1.08%)+2.02% to $ 17.69
- Riot platforms (RIOT): Closed to $ 17.62 (+0.57%)+2.55% to $ 18.07
- Core scientific (Corz): Closed to $ 16.27 (+0.56%)+2.09% to $ 16.61
- Cleanspark (CLSK): Closed to $ 11.44 (+2.14%)+3.67% to $ 11.86
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): Closed to $ 41.15 (+3.24%)+5.22% to $ 43.30
- Exodus Movement (Exod): Closed to $ 28.24 (-4.92%)+4% to $ 29.37
Crypto Treasury Companies
- Strategy (Mstr): Closed to $ 329.71 (-1.61%)+2.26% to $ 337.17
- Semler Scientific (Smlr): Closed to $ 27.68 (-4.91%)+3.36% to $ 28.61
- Sharplink gaming (Sbet): Closed to $ 17.12 (+1%)+3.04% to $ 17.64
- Upexi (Upxi): Closed to $ 6.08 (+4.55%)+5.51% to $ 6.42
- Lite strategy (Lits): Closed to $ 2.61 (-2.97%)+8.81% to $ 2.84
Etf is flowing
SPOT BTC ETFS
- Daily net streams: -$ 51.3 million
- Cumulative net streams: 57.29 billion dollars
- Collected BTC holdings ~ 1.32 million
SPOT ETH ETFS
- Daily net streams: -1.9 million dollars
- Cumulative net streams: $ 13.68 billion
- Collected Eth Holdings ~ 6.59 million
Source: Father’s page -Investors
While you were asleep
