Of Omkar Godbole (All times one unless otherwise stated)
SEC, as a market regulator, could now not be more pro-crypto if it tried! Thursday, a spot etf tied to one of the least “serious” cryptocurrencies – Dogecoin -The-debuted in the US along with payments-focused XRP.
In contrast to Bitcoin ether (Eth) And stableecoins, which acts as a stores with value and facilitates decentralized financing, Memecoins like DODE are operated exclusively by tweets, and cult-like fandom, like baseball or pro-wrestling card. Some observers are understandably concerned that the wrapping of such an asset in an ETF gives it a false veneer of legitimacy, which puts investors at risk.
You might call this “Peak Pro -Crypto Sec” moment when regulators become so kind that even Memecoins get their own institutional wrapping. And, by random, also the maximum liquidity moment, because when cash flows become freely, dealers become more adventurous. That’s one of the reasons why Fed may have to go slowly with tight cuts.
The Crypto market does not seem impressed. DOGE fell over 2% in 24 hours, a sharp contrast to 2021, when a single tweet from Elon Musk could send that skyrocketing. The whole meme -token -band takes a hit; Names like m, pump and toshi are down almost 10% in the same period.
The XRP does not rise easily either, falls 2%. Bitcoin and Ether also remain under pressure where dealers aggressively seek downward protection in the options market. The Coindesk 20 index was 1.3% lower at the time of the press.
In other news, Consensy’s CEO reportedly said a metamask -token arrives faster than expected. Popular newsletter writer Christine Kim forwarded that Ethereum’s Fusaka upgrade is scheduled for December 3rd. This upgrade of several Ethereum improvement suggestions that focuses on improving data availability and reducing the cost of LAG-2 rollups.
Meanwhile, traditional markets do not make it easy for crypto pine. The dollar index and the Treasury give the angular higher. The Bank of Japan was put on the rates, with two dissents signaling hiking in the coming months. The central bank announced the gradual sale of ETFs to slim down its bloated balance. Stay aware!
What to look at
- Crypto
- September 19: Grayscale Digital Large Cap Fund, which became Grayscale Coindesk Crypto 5 ETF on September 18, will transfer to NYSE ARCA EXCHANGE and start shopping under Ticker GDLC.
- Macro
- September 19, 8:30: Canada July Detail Sale Yoy est. Reach (Previous 6.6%)Mother (finally) Est. -0.8%.
- September 19th (after the market closure): Quarterly S&P 500, 400 and 600 Rebalansering Take Equal and Add Robinhood (HOOD).
- Earnings (Estimates based on Factset -Data)
Token -events
- Management votes and calls
- Gnosis DAO votes on a pilot growth fund of $ 40,000 using the conviction of gardens of gardens to strengthen Gno holders and support small, socially led ecosystem initiatives. Voting ends September 23
- Balances DAO votes on an ecosystem’s roadmap and financing plan through the 2nd quarter of 2026. It sets growth, revenue, innovation and management goals and requests $ 2.87 million in USDC and $ 166,250 for financing initiatives. Voting ends September 23
- Unlock
- September 20: Velo To unlock 13.63% of its circulating supply worth $ 43.39 million.
- Token launches
- September 19, 7 p.m.
- September 19: Lombard (Bard) Must be listed on Poloniex.
- September 20: Reserve rights To lead a token combustion.
Conferences
Token Talk
By Oliver Knight
- Aster, the native token for its namesake decentralized exchange, 33% increased over the last 24 hours to contribute a 650% profit since it was issued earlier this week.
- The token was touted by X by Binance founder Changpen Zhao, who claims the token is a direct competitor to Hyperliquid’s hype.
- Nearly 330,000 wallets used Aster in front of a series of exchange lists for the token, with the daily trading volume that hits $ 420 million.
- The platform’s introduction has not been without controversy, one of the Aster team members had to say “funds are secure” on discord in response to concerns about whether funds could be withdrawn.
- It is also claimed that Aster is just a rebrand of Apollox, a decentralized eternity exchange that has been around for years.
- Nevertheless, the platform has proved attractive in the last 24 hours and is considered by some dealers as a viable alternative to Hyperliquid if Token has a market capital of $ 18.7 billion compared to Asters $ 1 billion.
Derivatives Location
- Avax is the only top 20 cryptocurrency that boasts an increase in the open interest of eternal futures over the last 24 hours. The rest of the coins have seen flat to negative OI, a sign of capital flow.
- According to Data Source Glassnode, 5,000 BTC in long positions is vulnerable to liquidation if the price falls below $ 117,000. There is also a build -up of short positions for higher price levels that represent a mentality in sales.
- Most majors, excluding links, dot and TRX, have seen net sales in futures, as shown in their negative 24-hour cumulative volume deltas. This indicates the possibility of a sharp fall in Altcoins later today along with a growing risk aversion on Wall Street.
- At CME, Bitcoin-Futures OI has limited to 149K BTC, which ends a two-month downward downward. (Check section Technical Analysis). Maybe fresh shorts will come in as the annual three -month prize remains below 10% and seems to be Trend South. Ether’s futures Oi has risen back over 2 million ETH.
- On dismissal, dealers continue to chase settings tied to BTC in a sign of lingering disadvantages. Streams over the OTC Network Paradigm contained calendar spreads and put writing.
Market movements
- BTC is down 0.9% from 1 p.m. 16 A Thursday to $ 116,531.51 (24 hours: -0.61%)
- Eth has fallen 1.81% of $ 4,523.65 (24 hours: -1%)
- Coindesk 20 has fallen 1.82% at 4,334.77 (24 hours: -1.27 %%)
- Ether Cesr Composite Staking Rate has increased by 3 BPS of 2.92%
- BTC financing rate is at 0.0042% (4,5651% annually) On Binance
- DXY has increased by 0.24% at 97.58
- Gold Futures have risen 0.34% of $ 3,690.80
- Silver Futures have risen 0.86% of $ 42.48
- Nikkei 225 closed 0.57% at 45,045.81
- Hang bed closed unchanged at 26,545.10
- FTSE has increased 0.06% at 9,233.88
- Euro Stoxx 50 has increased 0.14% at 5,464.39
- Djia closed Thursday 0.27% at 46,142.42
- S&P 500 closed 0.48% at 6,631.96
- Nasdaq Composite closed 0.94% at 22,470.72
- S&P/TSX Composite closed 0.45% at 29,453.53
- S&P 40 Latin America closed 0.75% at 2.906
- US 10-year-old Treasury has risen 1.4 bps by 4.118%
- E-MINI S&P 500 Futures are unchanged to 6,693.75
- E-MINI NASDAQ-100 FUTURES are unchanged at 24,709.50
- E-MINI DOW JONES Industrial Average Index is unchanged 46,503.00
Bitcoin statistics
- BTC Dominance: 57.92% (+0.31%)
- Ether-Bitcoin ratio: 0.03879 (-1.01%)
- Hashrate (Seven-day sliding average): 991 EH/S.
- Hashprice (place): $ 52.08
- Total fees: 3.69 BTC / $ 432,583
- CME Futures Open Interest: 149.110 BTC
- BTC Priced in gold: 31.9 oz.
- BTC VS GOLD MARKET CAP: 9.03%
Technical analysis
- Open interest in BTC futures listed on CME has increased from 133k to 149K BTC, ending a two-month downward trend.
- The change shows renewed capital inflow on the market, although the flow direction remains unclear.
Crypto shares
- Coinbase Global (COIN): Closed Thursday at $ 343.13 (+7.04%)-0.62% to $ 341.00 in Pre -Market
- Circle (CRCL): Closed to $ 140.42 (+7.16%)+2.53% to $ 143.97
- Galaxy Digital (Glxy): Closed to $ 33.08 (+0.21%)-1.75% to $ 32.50
- Bullish (BLSH): CLOSED TO $ 65.61 (+20.72%)-2.85% to $ 63.74
- Mara Holdings (Mara): Closed to $ 18.5 (+6.69%)-0.65% to $ 18.38
- Riot platforms (RIOT): Closed to $ 17.51 (-0.62%)-0.69% to $ 17.39
- Core scientific (Corz): Closed to $ 16.75 (+2.95%)-0.12% to $ 16.73
- Cleanspark (CLSK): Closed to $ 13.46 (+17.66%)-1.26% to $ 13.29
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): Closed to $ 41.1 (-0.12%)-1.41% to $ 40.52
- Exodus Movement (Exod): Closed to $ 29.26 (+3.61%)
Crypto Treasury Companies
- Strategy (Mstr): Closed to $ 349.12 (+5.89%)unchanged in the market
- Semler Scientific (Smlr): Closed to $ 29.49 (+6.54%)unchanged in the market
- Sharplink gaming (Sbet): Closed to $ 17.22 (+0.58%)-0.41% to $ 17.15
- Upexi (Upxi): Closed to $ 6.82 (+12.08%)-1.03% to $ 6.75
- Lite strategy (Lits): Closed to $ 2.71 (+3.83%)+3.69% to $ 2.81
Etf is flowing
SPOT BTC ETFS
- Daily net streams: $ 163 million
- Cumulative net streams: 57.46 billion dollars
- Collected BTC holdings ~ 1.32 million
SPOT ETH ETFS
- Daily net streams: $ 213.1 million
- Cumulative net streams: $ 13.89 billion
- Collected ETH -holdings ~ 6.6 million
Source: Father’s page -Investors
While you were asleep
