I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
The Fed's upcoming CPI and PPI releases are expected to influence policy moves, impacting interest rates and crypto market dynamics. US-China trade tensions and weak eurozone PMI data tighten global liquidity, limiting capital inflows to digital assets. The Market Structure Bill seeks to redefine US digital asset trading by providing a unified federal framework, clarifying CFTC and SEC jurisdictions. Democrats propose a new crypto regulation framework to counter TRUMP's influence, aiming to boost investor confidence and market stability.
2.
Crypto Market
The SEC has postponed its decision on the Bitwise Dogecoin ETF and Grayscale Hedera ETF to November 12, impacting market anticipation. Grayscale has filed for Hedera and Litecoin ETFs with the SEC, reflecting ongoing efforts to expand regulated crypto investment options. CEA Industries increased its BNB holdings by 30,000 tokens, valued at approximately $26 million, enhancing its treasury strategy. The total crypto market cap stands at $3.95T, with a 1.06% increase in the last 24 hours, indicating a neutral market sentiment. Ripple Labs holds 42% of XRP's total supply, influencing market dynamics and decentralization concerns.
3.
This Week's Outlook
The U.S. Core CPI data release will provide insights into inflation trends, potentially impacting crypto markets. The U.S. Producer Price Index (PPI) data release may cause volatility in Bitcoin and other risk assets. Aptos will unlock 11.31M APT tokens, potentially increasing selling pressure on the market. Dogecoin ETF shares will start trading on Cboe BZX Exchange, marking a significant development for DOGE.
Fear and Greed Index
90.00% Annual Percentile
44 Neutral
Total Crypto Market Cap
$3.95T
Total Market Trading Volume
$160.47B
Altcoin Season Index
83.33%
Quarterly Percentile
59 / 100
Total Futures Market Open Interest
3.94B
Futures
893.93B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
Democrats propose a new crypto regulation framework to counter TRUMP's influence, aiming to boost investor confidence and market stability.
3.
The Market Structure Bill seeks to redefine US digital asset trading by providing a unified federal framework, clarifying CFTC and SEC jurisdictions.
4.
Bitcoin ETFs see $368M inflows as institutions rotate from Ethereum, driven by expectations of Fed rate cuts and macroeconomic uncertainty.
5.
Fed's upcoming CPI and PPI releases are expected to influence policy moves, with potential impacts on interest rates and crypto market dynamics.
Cryptocurrency Regulatory Trends
3.
Nigeria's President Tinubu has ordered increased regulatory oversight of digital currencies, highlighting concerns over their rapid adoption outside traditional banking.
Trending Tokens
2.
BlockDAG ($BDAG): With a record-breaking $405 million presale, BlockDAG combines DAG and Proof-of-Work for scalability and security, positioning itself as a leading crypto asset with potential 76,815% ROI.
3.
Ozak AI ($OZ): An AI-driven crypto project focusing on decentralized financial market predictions, Ozak AI's presale has raised over $2.6 million, highlighting its innovative use of AI and CROSS-chain technology.
Smart Money Movements
1.
CEA Industries increased its BNB holdings by 30,000 tokens, valued at approximately $26 million, enhancing its treasury strategy.
5.
JPMorgan's former product head joined GSR Trading to develop institutional staking markets, reflecting growing interest in regulated crypto assets.
Events to Watch
September 11 (Thursday)
The U.S. Core CPI data release will provide insights into inflation trends, potentially impacting crypto markets.
September 11 (Thursday)
The U.S. Producer Price Index (PPI) data release may cause volatility in Bitcoin and other risk assets.
September 11 (Thursday)
Aptos will unlock 11.31M APT tokens, potentially increasing selling pressure on the market.
September 11 (Thursday)
Dogecoin ETF shares will start trading on Cboe BZX Exchange, marking a significant development for DOGE.
September 12 (Friday)
The U.S. Consumer Price Index (CPI) data release could influence Bitcoin price dynamics and risk asset sentiment.
III. Phemex Market Focus
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3.
Welcome Gift
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