Fed Rate Decision and Major Token Unlocks Drive Crypto Volatility

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve is widely expected to cut rates by 25 basis points, fueling volatility and risk appetite in crypto markets. The US dollar has weakened to multi-month lows, prompting capital flows into digital assets. US and UK are moving toward harmonized crypto regulation, boosting institutional confidence.

Crypto Market

The crypto market shows mixed trends as BTC trades at $114,965 (+0.23%) and ETH at $4,445.57 (-1.47%), with BTC pressured by ETF outflows and whale selling. Altcoins are mixed; MYX Finance (+3.5%), dogwifhat (+0.7%), and FET (+0.85%) outperform, driven by DeFi demand and Solana ecosystem activity, while MNT (-2.66%) and SOL (-1.13%) lag.

Today's Outlook

Key events today include the US Federal Reserve, Bank of Canada, and others announcing interest rate decisions, with the FOMC press conference expected to drive volatility. Major token unlocks, such as WalletConnect and ZKsync, may impact liquidity. Stellar's Meridian Conference and EDCON 2025 also continue.

Fear and Greed Index

92.00% Annual Percentile

50 Neutral

Total Crypto Market Cap

$4.04T

1.30%

Total Market Trading Volume

$142.71B

14.95%

Altcoin Season Index

58.33%

Quarterly Percentile

72 / 100

Total Futures Market Open Interest

3.98B

0.41%

Futures

900.94B

12.16%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve is widely expected to cut interest rates by 25 basis points on September 17, with a 95% probability priced in. This anticipated monetary easing is driving increased volatility and open interest in both Bitcoin and altcoin markets, as traders position for potential liquidity shifts.

The US dollar has fallen to multi-month lows against major currencies ahead of the Fed's rate decision, fueling speculation of further capital inflows into crypto assets as investors seek alternatives to fiat amid expectations of looser monetary policy.

Altcoin open interest has surged to $38.9 billion, nearly matching Bitcoin's $40.5 billion, as market participants anticipate the Fed's rate cut. This reflects heightened risk appetite and the potential for increased DeFi and NFT trading activity following the policy announcement.

The US House of Representatives is moving to include a ban on central bank digital currencies (CBDCs) in a new market structure bill, signaling a shift in digital dollar policy. This development is prompting market participants to reassess the long-term role of stablecoins and tokenized assets in the US crypto ecosystem.

The United Kingdom and United States are planning to harmonize crypto asset policies, aiming to create a unified transatlantic framework. This initiative is expected to boost institutional confidence and cross-border liquidity in digital asset markets, supporting further growth in crypto adoption.

Cryptocurrency Regulatory Trends

The US and UK are set to announce a new cooperation agreement on cryptocurrency regulation, aiming to harmonize frameworks and boost market confidence.

Tether will re-enter the US market with a new stablecoin, USAT, designed for regulatory compliance and instant settlement, potentially increasing competition in the stablecoin sector.

The US House of Representatives is moving to include a ban on central bank digital currencies (CBDCs) in the market structure bill, reflecting growing legislative resistance to a digital dollar.

UK and US officials met with major crypto firms to discuss enhanced transatlantic coordination on digital assets, including stablecoins, signaling a more unified regulatory approach.

Bitwise has filed for a new ETF focused on tokenization and stablecoins, indicating regulatory openness to innovative crypto investment products in the US market.

MYX Finance (MYX): Surged 10.9% in 24h to $11.78 with $181M volume, driven by strong DeFi demand and cross-chain collateral support across 20+ networks.

dogwifhat (WIF): Rose 8.4% in 24h to $0.96 with $241M volume, fueled by renewed meme coin momentum and high Solana ecosystem activity.

Mantle (MNT): Gained 8.2% in 24h to $1.75 with $586M volume, hitting new all-time high amid ecosystem expansion and BitDAO migration completion.

Smart Money Movements

A newly created Bitcoin wallet received 5,817 BTC worth $678 million from FalconX eight hours ago, marking a major on-chain transfer.

A whale deposited 2,600 ETH valued at $11.72 million to Kraken, retaining 10,877 ETH worth $49.07 million after the transaction.

Ark Invest acquired 161,183 shares of Bullish (BLSH) for $8.28 million on September 16, expanding its exposure to digital asset companies.

Boyaa Interactive purchased 245 BTC for approximately $28.16 million between September 15 and 16, increasing its Bitcoin holdings.

Forward Industries acquired 6.82 million Solana (SOL) tokens at an average price of $232, totaling $1.58 billion, following a $1.65 billion PIPE raise.

Events to Watch

Sep 17 (Wed)

The US Federal Reserve, Bank of Canada, Central Bank of Brazil, Bank of Indonesia, and South African Reserve Bank will announce interest rate decisions; FOMC meeting concludes with press conference.

Sep 17 (Wed)

WalletConnect (WCT): 127.26M tokens (12.73% of supply, ~$38.7M) unlocks today, potentially impacting market liquidity.

Sep 17 (Wed)

Stellar Development Foundation's Meridian Conference opens in Rio de Janeiro; EDCON 2025, a major Ethereum event, continues in Osaka.

Sep 18 (Thu)

Bank of England announces interest rate decision; Lombard (BARD), DeAgent AI (AIA), and Mavryk Network (MVRK) hold token generation events.

Sep 19 (Fri)

Bank of Japan will announce its interest rate decision, expected to maintain negative rates and yield curve control.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

The US dollar has fallen to multi-month lows against major currencies ahead of the Fed's rate decision, fueling speculation of further capital inflows into crypto assets as investors seek alternatives to fiat amid expectations of looser monetary policy.

Altcoin open interest has surged to $38.9 billion, nearly matching Bitcoin's $40.5 billion, as market participants anticipate the Fed's rate cut. This reflects heightened risk appetite and the potential for increased DeFi and NFT trading activity following the policy announcement.

The United Kingdom and United States are planning to harmonize crypto asset policies, aiming to create a unified transatlantic framework. This initiative is expected to boost institutional confidence and cross-border liquidity in digital asset markets, supporting further growth in crypto adoption.

Cryptocurrency Regulatory Trends

The US and UK are set to announce a new cooperation agreement on cryptocurrency regulation, aiming to harmonize frameworks and boost market confidence.

Tether will re-enter the US market with a new stablecoin, USAT, designed for regulatory compliance and instant settlement, potentially increasing competition in the stablecoin sector.

The US House of Representatives is moving to include a ban on central bank digital currencies (CBDCs) in the market structure bill, reflecting growing legislative resistance to a digital dollar.

UK and US officials met with major crypto firms to discuss enhanced transatlantic coordination on digital assets, including stablecoins, signaling a more unified regulatory approach.

Bitwise has filed for a new ETF focused on tokenization and stablecoins, indicating regulatory openness to innovative crypto investment products in the US market.

Trending Tokens

MYX Finance (MYX): Surged 10.9% in 24h to $11.78 with $181M volume, driven by strong DeFi demand and cross-chain collateral support across 20+ networks.

dogwifhat (WIF): Rose 8.4% in 24h to $0.96 with $241M volume, fueled by renewed meme coin momentum and high Solana ecosystem activity.

Mantle (MNT): Gained 8.2% in 24h to $1.75 with $586M volume, hitting new all-time high amid ecosystem expansion and BitDAO migration completion.

Smart Money Movements

A newly created Bitcoin wallet received 5,817 BTC worth $678 million from FalconX eight hours ago, marking a major on-chain transfer.

A whale deposited 2,600 ETH valued at $11.72 million to Kraken, retaining 10,877 ETH worth $49.07 million after the transaction.

Ark Invest acquired 161,183 shares of Bullish (BLSH) for $8.28 million on September 16, expanding its exposure to digital asset companies.

Boyaa Interactive purchased 245 BTC for approximately $28.16 million between September 15 and 16, increasing its Bitcoin holdings.

Forward Industries acquired 6.82 million Solana (SOL) tokens at an average price of $232, totaling $1.58 billion, following a $1.65 billion PIPE raise.

Events to Watch

Sep 17 (Wed)

Sep 17 (Wed)

Sep 17 (Wed)

Sep 18 (Thu)

Sep 19 (Fri)

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