Avalanche's AVAX and Hyperliquid's HYPE led altcoin gains following the Federal Reserve's 25 basis point rate cut. AVAX surged 10.1% on the back of a $1 billion Digital Asset Treasury plan, while HYPE rose 7.2% due to enhanced USDH liquidity and custody-lite trading features. The Fed's decision to lower the federal funds rate to a 4.25%-4.50% range was anticipated, resulting in a muted market reaction. However, it spurred speculative flows, boosting project-specific rallies. Bitcoin remained above $117,000, and Ethereum climbed to $4,588, as analysts emphasized the role of project-specific catalysts in driving these gains.