BTC, ETH Rally as Fed Rate Cut Bets Rise; Altcoins Surge on Ecosystem Growth

I. Crypto Market Overview

Key Takeaways

Macro Environment

US PPI unexpectedly fell 0.1% in August, reinforcing expectations for a Fed rate cut next week. The SEC is advancing regulatory clarity with 'Project Crypto,' aiming to modernize digital asset rules. BRICS nations are accelerating dedollarization, potentially increasing global demand for Bitcoin and stablecoins.

Crypto Market

The crypto market saw broad gains over the past 12 hours, with BTC up 2.4% to $114,268 and ETH rising 2.9% to $4,426, driven by easing inflation data and Fed rate cut expectations. Altcoins outperformed, led by Mantle (MNT, +22.7%), PUMP.fun (PUMP, +10.8%), and Avalanche (AVAX, +8.6%), fueled by ecosystem growth and treasury actions. Meme and DeFi sectors showed the strongest momentum.

Today's Outlook

Key events today include the release of US August CPI and PPI data, and monetary policy decisions from the ECB and BoJ, all of which could drive significant volatility across global and crypto markets. Major token unlocks for MOVE ($14.5M) and MORPHO ($2M) may also impact market liquidity and price action.

Fear and Greed Index

98.00% Annual Percentile

43 Neutral

Total Crypto Market Cap

$3.94T

2.32%

Total Market Trading Volume

$161.33B

3.85%

Altcoin Season Index

83.33%

Quarterly Percentile

59 / 100

Total Futures Market Open Interest

3.96B

1.99%

Futures

982.89B

8.57%

Perpetuals

II. Industry Updates

Macro-economic Policies

US Producer Price Index unexpectedly fell 0.1% in August, signaling easing inflation and increasing the likelihood of a Federal Reserve rate cut next week, which could boost Bitcoin and DeFi asset prices by improving risk sentiment.

Goldman Sachs CEO stated a 25 basis point Fed rate cut is most likely in September, aligning with market consensus; lower rates are expected to make risk assets like BTC and altcoins more attractive, potentially increasing crypto market inflows.

Markets are closely watching the upcoming US Consumer Price Index (CPI) release, as sticky inflation could delay further monetary easing; CPI results will directly impact crypto volatility and capital flows into digital assets.

The US labor market showed further weakness with a major downward revision in job creation, reinforcing expectations for monetary easing; a softer labor market typically supports higher crypto valuations due to lower opportunity cost.

BRICS nations are accelerating dedollarization efforts, increasing local currency settlements and gold reserves; this shift may weaken USD dominance, potentially driving more global capital into Bitcoin and stablecoins as alternative stores of value.

Cryptocurrency Regulatory Trends

The SEC has delayed decisions on several major crypto ETFs, including those from BlackRock and Franklin Templeton, extending review periods for Ethereum staking, Solana, and XRP products. This prolongs regulatory uncertainty and may impact investor sentiment and crypto market volatility.

The SEC Chairman announced 'Project Crypto,' aiming to modernize securities regulations for digital assets. The initiative clarifies that most crypto tokens are not securities, supporting unified frameworks for trading, lending, and staking, which could boost institutional participation.

Rex-Osprey's suite of crypto ETFs, including Bitcoin, XRP, Dogecoin, and Bonk, has cleared the SEC's 75-day review and is set to begin trading. This expands regulated crypto investment options and may increase market liquidity and mainstream adoption.

The U.S. Financial Crimes Enforcement Network (FinCEN) is prioritizing new anti-money laundering rules for stablecoin issuers and digital asset platforms, reflecting growing regulatory focus on compliance and illicit finance risks in the crypto sector.

Alabama State Senator Keith Kelley raised concerns that the federal GENIUS Act, which sets stablecoin regulations, could negatively affect small banks, highlighting ongoing debate over the Act's impact on financial stability and competition.

Mantle (MNT): MNT surged 22% in 24h to $1.65, driven by record $699M trading volume and a new all-time high, as ecosystem expansion and BitDAO migration boost demand.

Pump.fun (PUMP): PUMP jumped 10.6% in 24h to $0.0058, with $500M volume, fueled by strong user activity on its Solana-based no-code token launchpad and ecosystem growth.

Avalanche (AVAX): AVAX rose 7.6% in 24h to $28.70, following the Avalanche Foundation's $1B treasury plan to buy AVAX at a discount, sparking investor optimism and high $1.9B volume.

Smart Money Movements

BitMine Immersion Technologies acquired $200 million in ETH from Bitgo, raising its total Ether holdings to over 2.1 million ETH valued at $9.2 billion.

Whale CMJiHu deposited 527,590 SOL, worth approximately $117.5 million, into exchanges within the past 16 hours, signaling potential market activity.

SharpLink Gaming transferred $379 million in stablecoins to Galaxy Digital's OTC wallet, indicating possible continuation of large-scale ETH purchases.

HashKey Capital moved 6.916 million CPOOL ($1.24M), 38.4 million G ($450K), and 5.184 million RSS3 ($220K) to an exchange, totaling nearly $1.91 million in token value.

Ethena transferred 246 million ENA tokens, valued at $196 million, to Coinbase Prime over the past eight hours, marking a significant asset movement.

Events to Watch

Sep 11 (Thu)

US August CPI and PPI data will be released, providing key inflation signals; ECB, BoJ to announce monetary policy decisions, impacting global markets.

Sep 11 (Thu)

MOVE token unlock: 112.05M tokens (~$14.5M, 1.12% supply) and MORPHO unlock: 999,223 tokens (~$2M, 0.10% supply) may increase market volatility.

Sep 12 (Fri)

TRUMP token unlock: 50M tokens (~$441M, 5% of circulation); SUI and ETHFI also unlock, potentially affecting token prices.

Sep 16 (Tue)

Federal Reserve FOMC meeting begins; markets expect a 25bps rate cut, which could drive volatility in crypto and traditional assets.

Sep 17 (Wed)

Syndicate and Aster token generation events; ZK token unlock (~$10.5M); Fed expected to announce rate cut decision, closely watched by global markets.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

US Producer Price Index unexpectedly fell 0.1% in August, signaling easing inflation and increasing the likelihood of a Federal Reserve rate cut next week, which could boost Bitcoin and DeFi asset prices by improving risk sentiment.

Goldman Sachs CEO stated a 25 basis point Fed rate cut is most likely in September, aligning with market consensus; lower rates are expected to make risk assets like BTC and altcoins more attractive, potentially increasing crypto market inflows.

Markets are closely watching the upcoming US Consumer Price Index (CPI) release, as sticky inflation could delay further monetary easing; CPI results will directly impact crypto volatility and capital flows into digital assets.

The US labor market showed further weakness with a major downward revision in job creation, reinforcing expectations for monetary easing; a softer labor market typically supports higher crypto valuations due to lower opportunity cost.

BRICS nations are accelerating dedollarization efforts, increasing local currency settlements and gold reserves; this shift may weaken USD dominance, potentially driving more global capital into Bitcoin and stablecoins as alternative stores of value.

Cryptocurrency Regulatory Trends

The SEC has delayed decisions on several major crypto ETFs, including those from BlackRock and Franklin Templeton, extending review periods for Ethereum staking, Solana, and XRP products. This prolongs regulatory uncertainty and may impact investor sentiment and crypto market volatility.

The SEC Chairman announced 'Project Crypto,' aiming to modernize securities regulations for digital assets. The initiative clarifies that most crypto tokens are not securities, supporting unified frameworks for trading, lending, and staking, which could boost institutional participation.

Rex-Osprey's suite of crypto ETFs, including Bitcoin, XRP, Dogecoin, and Bonk, has cleared the SEC's 75-day review and is set to begin trading. This expands regulated crypto investment options and may increase market liquidity and mainstream adoption.

The U.S. Financial Crimes Enforcement Network (FinCEN) is prioritizing new anti-money laundering rules for stablecoin issuers and digital asset platforms, reflecting growing regulatory focus on compliance and illicit finance risks in the crypto sector.

Alabama State Senator Keith Kelley raised concerns that the federal GENIUS Act, which sets stablecoin regulations, could negatively affect small banks, highlighting ongoing debate over the Act's impact on financial stability and competition.

Trending Tokens

Mantle (MNT): MNT surged 22% in 24h to $1.65, driven by record $699M trading volume and a new all-time high, as ecosystem expansion and BitDAO migration boost demand.

Pump.fun (PUMP): PUMP jumped 10.6% in 24h to $0.0058, with $500M volume, fueled by strong user activity on its Solana-based no-code token launchpad and ecosystem growth.

Avalanche (AVAX): AVAX rose 7.6% in 24h to $28.70, following the Avalanche Foundation's $1B treasury plan to buy AVAX at a discount, sparking investor optimism and high $1.9B volume.

Smart Money Movements

BitMine Immersion Technologies acquired $200 million in ETH from Bitgo, raising its total Ether holdings to over 2.1 million ETH valued at $9.2 billion.

Whale CMJiHu deposited 527,590 SOL, worth approximately $117.5 million, into exchanges within the past 16 hours, signaling potential market activity.

SharpLink Gaming transferred $379 million in stablecoins to Galaxy Digital's OTC wallet, indicating possible continuation of large-scale ETH purchases.

HashKey Capital moved 6.916 million CPOOL ($1.24M), 38.4 million G ($450K), and 5.184 million RSS3 ($220K) to an exchange, totaling nearly $1.91 million in token value.

Ethena transferred 246 million ENA tokens, valued at $196 million, to Coinbase Prime over the past eight hours, marking a significant asset movement.

Events to Watch

Sep 11 (Thu)

Sep 11 (Thu)

Sep 12 (Fri)

Sep 16 (Tue)

Sep 17 (Wed)

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