logo
Promotions
bonus

Nasdaq To Offer Institutional Crypto Services

september-21-daily-update

Main Takeaway: Markets Down Ahead Of Fed Rate Hikes

Cryptos and stocks slumped yesterday in anticipation of another hawkish rate hike by the US Fed. On Wednesday morning ET, the Fed is predicted to announce a 75 bps rate hike to continue their efforts to curb inflation. Because this month’s inflation numbers were higher than expected, the Fed will remain hawkish, but also cautious in keeping the economy from unexpected shocks. Cryptos will stay volatile throughout the day until the announcement is made.

Key Stories: Wintermute Hacked & Nasdaq Gets Into Crypto

Wintermute, a major market maker in the crypto space, was hacked for $160 million. This is now the 7th largest DeFi hack in history and adds to another unfortunate circumstance to plague the safety and security of various DeFi platforms.

On the bullish side, Nasdaq just announced that it will be opening institutional Bitcoin and cryptocurrency custody services to its clients. This is a huge move that will only further increase institutional adoption along with Fidelity and Blackrock.

Today’s Top Gainers

The top five performing cryptos on Phemex d-o-d are Ellipsis Finance (EPX/USDT), RankerDAO (RANKER/USDT), Gods Unchained (GODS/USDT), Voyager (VGX/USDT), and Ripple (XRP/USDT).


For any inquiries contact us at support@phemex.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
Sign Up and Claim 4800 USDT
Disclaimer
This content provided on this page is for informational purposes only and does not constitute investment advice, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. For further information, please refer to our Terms of Use and Risk Disclosure

Related articles

October 2025 Crypto Dip: Temporary Correction or the Start of a Bear Market?

October 2025 Crypto Dip: Temporary Correction or the Start of a Bear Market?

Market Insights
2025-10-11
15-20m
2025 Crypto Crash: What Happened and How to Navigate Next

2025 Crypto Crash: What Happened and How to Navigate Next

Market Insights
2025-10-11
5-10m
ChainOpera AI (COAI) Price Prediction 2025: Will COAI Soar or Stall?

ChainOpera AI (COAI) Price Prediction 2025: Will COAI Soar or Stall?

Market Insights
2025-10-10
15-20m
ZEC vs XMR: A Deep Dive into the Titans of Crypto Privacy

ZEC vs XMR: A Deep Dive into the Titans of Crypto Privacy

Market Insights
2025-10-10
15-20m
Supercharge Your Futures Trading with Phemex Multi-Assets Mode

Supercharge Your Futures Trading with Phemex Multi-Assets Mode

Phemex Products
2025-10-09
3-5m
ASTER Price Prediction 2025: DeFi’s Rising Potential?

ASTER Price Prediction 2025: DeFi’s Rising Potential?

Market Insights
2025-09-26
10-15m