Celestia (TIA) led a broad altcoin rally with a 16% gain to $0.68, hitting a 2026 high as the CoinMarketCap Altcoin Season Index rose to 60 from 50. Injective (INJ) and LayerZero (ZRO) also posted significant gains of 7.7% and 7.3% respectively, while Bitcoin remained flat near $82,100 after recovering from a brief dip below $80,000. The CoinDesk 80 Index outperformed the Bitcoin-heavy CoinDesk 5, with four out of five top 100 tokens trading higher. Federal Reserve Chair Kevin Warsh declined to signal interest rate intentions during an IMF speech in Bangkok, causing market-implied odds of an October rate hike to drop to 15% from 30%. Asian equities stabilized following Thursday's sell-off, with South Korea’s Kospi and Japan’s Nikkei closing higher, while U.S. S&P 500 futures remained steady. Treasury yields held largely unchanged as traders reassessed monetary policy expectations. Crypto derivatives markets show signs of stabilization as futures volume fell 20% to $200 billion and liquidations dropped to $311 million from nearly $1 billion the prior day. Price recoveries in BTC, ETH, and SOL appear driven by short covering rather than new long positions, though ZEC futures saw a 14% open interest increase alongside bullish buying pressure. Perpetual funding rates remain moderate at 5-10%, indicating a slight long bias without market overheating.