24x7 Flash News
Stay informed with accurate and timely crypto news — from Bitcoin to altcoins to DeFi, Web3, and market trends.
Phemex Crypto Market Daily: SEC Delays HBAR & Polkadot ETFs, Crypto Market Awaits Fed Moves (Sep 08)
Key Takeaways:
1. Macro Environment The SEC's delay on HBAR and Polkadot ETFs until November impacts crypto market expectations. Traders anticipate a Fed rate cut due to weak US jobs data, potentially affecting crypto market liquidity. US economic data shows rising unemployment and weak job growth, increasing expectations for Fed rate cuts. The US Dollar remains dominant despite BRICS de-dollarization efforts, according to JP Morgan analysis. Upcoming US CPI and PPI reports could influence Fed decisions and crypto market trends this week. 2. Crypto Market The SEC and CFTC's joint roundtable on crypto regulation aims to clarify DEFI and perpetual contracts, potentially impacting market dynamics. BitMine's increase in Ethereum holdings to over 2 million ETH reinforces its position as the largest corporate Ethereum holder. The total crypto market cap is $3.87T, with a 1.17% increase in the last 24 hours, indicating a neutral market sentiment. Whale investor qianbaidu.ETH's purchase of $19.57 million worth of $HYPE tokens highlights significant market activity. The fear and greed index stands at 40, indicating a neutral sentiment in the market. 3. This Week's Outlook Today's key events include the Black Mirror TGE focusing on Analytics, Gaming, Identity, and Social Network. SONIC unlocks 150M tokens, impacting market dynamics with a $45.64M value. Tomorrow, LiveArt TGE targets AI Art Marketplace, NFT, and Real-World Assets. Monitor market reaction to these developments, as they may drive volatility and sector rotation.