The cryptocurrency market began the week with a notable downturn, as total sector capitalization dipped toward $3.8 trillion. Bitcoin (BTC), the leading cryptocurrency, experienced a significant correction, trading as low as $112,700. CoinGecko data shows that this decline had a ripple effect, causing major altcoins such as Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) to register losses of 7%, 5%, 7%, and 10%, respectively. S&P 500 Rises While Crypto Market Slumps The selloff also impacted crypto-related stocks. Bitcoin investment firm Strategy (MSTR) saw a decline of 2.6%, while US-based crypto asset exchange Coinbase fell by 3.4% during afternoon trading. In contrast, the benchmark S&P 500 index managed to gain 0.4%, positioning itself for another potential all-time high. Related Reading: Ethereum Slides 6% as Bulls Lose Grip on $4,500 Resistance; $4,000 Incoming? Analysts suggest that the recent market slump can be attributed to a buildup of excess leverage following last Thursday’s Federal Reserve (Fed) decision to cut interest rates. Adam Morgan McCarthy, head of research at Kaiko, indicated that funding rates have risen since the Fed meeting, pointing to speculative trading that may have occurred in the wake of the rate cut. He noted that the combination of excess leverage from speculative bets and an earlier price decline triggered a wave of liquidations, further exacerbating the market downturn. Deutsche Bank Predicts Bitcoin Recovery The Fed’s decision to lower borrowing costs by a quarter point marked its first rate cut of 2025. However, as Barron’s reported on Monday, Chair Jerome Powell characterized this move as a “risk-management cut,” implying a cautious approach rather than a wholesale easing of monetary policy. Related Reading: Bitcoin Stuck In Neutral While Markets Roar — Analyst Explains Why Despite the immediate challenges facing the cryptocurrency market, the longer-term outlook appears optimistic. Deutsche Bank strategist Marion Laboure expressed confidence in Bitcoin’s recovery, predicting it could surpass $120,000 by the end of 2025. Featured image from DALL-E, chart from TradingView.com
According to MEXC’s H1 2025 user survey, nearly half of users now say they turned to crypto to protect against rising prices, and many others are chasing steady returns. Related Reading: Bitcoin Is ‘Digital Capital’ That Outpaces Traditional Assets—Michael Saylor The shift is sharp: 46% of global respondents named inflation protection as their main reason to enter the market, up from nearly 30% in Q1. Inflation Protection On The Rise That move toward defense is strongest in East Asia and the Middle East. In East Asia the share saying they use crypto to hedge inflation jumped to 52%. In the Middle East the figure climbed from 27% to 45%. At the same time, the survey shows fewer very large accounts in East Asia: wallets holding over $20,000 slipped from 39% to 33%. Mid-range holdings, in the $5k–$20k range, are increasing. Those trends indicate some profit-taking as well as regulatory conservatism, whereas more run-of-the-mill investors invested smaller amounts. Latin America Presents A Different Push Reports have revealed a clear trend in Latin America, where the pursuit of income is high. Memecoin ownership grew from 27% to 34% — the largest regional increase — and 63% of new users indicated passive income as their primary reason to join crypto. That points to social and community-driven activity, where token drops, staking, and yield products can draw people in as much as price moves do. Trading And Income Motives Differ By Region South Asia stands out for trading. Spot trading made up 52% of user activity there, and 53% of South Asian users cited financial independence as their goal. Across regions, public chain tokens remain the most held assets: over 65% of users worldwide include them in portfolios. That rises to 74% in Latin America and 70% in Southeast Asia. Stablecoin use held steady at 50%, showing many users want a buffer between volatile bets and cash-like options. Related Reading: Ripple CTO Drops Bombshell: XRP At The Core Of Trillions In Banking Future Products And Forecasts For Q3 Based on the survey, MEXC expects more people to come in for wealth protection in the next quarter, along with a rise in structured trading approaches and broader diversification. Tracy Jin, MEXC’s COO, said the company plans to tailor offerings to where demand is strongest, while aiming to keep its platform trusted across markets. Short-lived hype around memecoins and AI tokens is likely, but core public chain holdings are expected to keep their grip on portfolios. Featured image from Unsplash, chart from TradingView
The Transatlantic Taskforce for Markets of the Future will focus on exploring crypto laws and regulations between the two countries.
CoinGecko Crypto Treasuries Holdings API offers developers access to real-time data on institutional and government crypto reserves.
The post CoinGecko launches API for crypto treasuries data access appeared first on Crypto Briefing.
Ripple unveiled a roadmap for the XRP Ledger (XRPL) on Sept. 22 that introduces protocol-level lending, zero-knowledge privacy features, and expanded tokenization standards. The roadmap centers on three core announcements: a native lending protocol scheduled for Version 3.0, confidential Multi-Purpose Tokens arriving in the first quarter of next year, and the immediate availability of compliance […]
The post Ripple unveils institutional-focused roadmap for XRPL with native lending protocol and ZKP features appeared first on CryptoSlate.
Leah Wald is stepping down after joining the firm in July 2024 and leading its transition to become one of the first Solana treasury firms.
Alfred is well known across the digital assets sector as founder and managing partner of Alpine Fox and co-founder of Digital Assets Data.
Bitcoin slips under $111,500 as $280 million in leverage long positions are liquidated, but key support levels may decide if BTC rebounds or risks a deeper breakdown.
Aster, a multichain perpetual exchange, launches 300x leverage trading for Hyperliquids native token HYPE.
The post Aster introduces 300x leverage trading for $HYPE token appeared first on Crypto Briefing.
The new Transatlantic Taskforce, announced by Treasury chiefs Rachel Reeves and Scott Bessent, aims to deepen cooperation on digital assets and cross-border capital raising.
US steps in with a lifeline as Argentina battles peso turmoil, investor flight and President Javier Milei’s waning credibility. Crypto adoption surges.
Ethereum (ETH) has slipped 6.1% in the past 24 hours, falling below $4,300 after bulls failed to defend the crucial $4,500 resistance zone. The decline comes despite fresh institutional buying, with Tom Lee–led BitMine purchasing approximately $84 million worth of ETH in just 24 hours, lifting its holdings to over 2.15 million coins. Related Reading: Dogecoin (DOGE) Drops Over 5% – Is This the Start of a Bigger Crash? BitMine’s aggressive accumulation, executed in five separate tranches, proves the growing institutional adoption. However, the market remains in “fade-the-rally” mode, as short-term traders continue to sell into strength. Fed Rate Cut Bounce Fizzles Ethereum (ETH) initially spiked above $4,600 after the U.S. Federal Reserve announced a 25 basis-point rate cut and hinted at a softer policy path for 2025. But the rally quickly lost momentum, with selling pressure intensifying as unrealized profits among large holders reached levels last seen in 2021. ETH's price records major losses on the daily chart. Source: ETHUSD on Tradingview On-chain flows indicate that more ETH is moving from staking contracts to centralized exchanges, signaling caution among whales. Likewise, low network fees show subdued on-chain demand, reinforcing bearish short-term sentiment. Technical Outlook: $4,000 Ethereum (ETH) Test in Play From a technical perspective, Ethereum’s price action has turned negative after breaking below its 50-SMA ($4,502) and 200-SMA ($4,396) on the two-hour chart. Analysts note that the breakdown candle resembled a Marubozu pattern, a strong bearish signal that often precedes further downside. The Relative Strength Index (RSI) has plunged to oversold levels near 18, suggesting conditions are stretched but not yet bullish. Immediate downside targets lie at $4,242, $4,159, and potentially $4,065 if selling pressure persists. A routine retest of the $4,395–$4,502 band is expected; failure to reclaim this level could pave the way for a drop toward $4,000 support. For bulls, only a decisive reclaim above $4,502 would shift momentum back toward $4,588 and $4,699. Until then, traders are advised to treat rallies as shorting opportunities rather than signs of recovery. Short-Term Pain, Long-Term Conviction Despite short-term weakness, institutional accumulation still supports Ethereum’s long-term growth. BitMine’s latest acquisition shows that deep-pocketed investors continue to bet on ETH’s rise, even as short-term volatility unsettles retail traders. The wider market remains delicate, with Bitcoin hovering around $114,000 and major altcoins like XRP, Solana, and Dogecoin also declining. Analysts believe that the upcoming week, marked by Fed Chair Powell’s speech and key U.S. economic reports, could influence Ethereum’s next significant move. Related Reading: XRP Price Dips Below $3 – Could This Trigger a Bigger Bearish Wave? For now, ETH bulls face a tough challenge: unless $4,500 is regained decisively, the most likely direction remains toward $4,000. Cover image from ChatGPT, ETHUSD chart from Tradingview
The UK and US have launched a joint regulatory task force for digital assets on Sept. 22, called the Transatlantic Taskforce for Markets of the Future. The task force will report within 180 days to both finance ministries through the UK-US Financial Regulatory Working Group with recommendations on digital asset cooperation. Officials from HM Treasury […]
The post UK and US establish joint task force to develop crypto regulation framework appeared first on CryptoSlate.
On Monday, Rainbow said it plans to introduce a native RNBW token into its non-custodial crypto wallet by the end of the year.
Coinbase launches Mag7 + Crypto Equity Index Futures, offering bundled exposure to top tech stocks and crypto ETFs on its futures exchange.
The post Coinbase launches U.S. futures contract for equities and crypto ETFs appeared first on Crypto Briefing.
Canary's high ETF fee may deter investors, impacting HBAR's market exposure and reflecting broader regulatory and competitive challenges in crypto.
The post Canary unveils 1.95% fee for spot HBAR ETF appeared first on Crypto Briefing.
Gold's surge underscores its critical role as a hedge against economic instability, with implications for global financial strategies and currency markets.
The post Spot gold climbs above $3,740/oz appeared first on Crypto Briefing.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin’s sharp fall resulted in the biggest long liquidation in a 24-hour period, and the sell-off pulled many altcoins below their immediate support levels.
Updates to DeepMind's Frontier Safety Framework highlight concerns that advanced AI can evade human control and sway user beliefs.
Earlier this month, Helius Medical Technologies soared 250% on a $500 million SOL treasury raise led by Pantera and Summer Capital.
The stablecoin sector is entering a new phase of competition, with major players unveiling fresh initiatives to capture part of the $280 billion market. On Sept. 22, PayPal, Bitfinex-backed Plasma, and Polkadot’s Hydration protocol announced new projects to strengthen the role of dollar-pegged assets in global finance. Neobank, DeFi, and Payments Plasma is positioning itself […]
The post PayPal joins Plasma and Polkadot’s Hydration in wave of new stablecoin initiatives appeared first on CryptoSlate.
ETHZilla's increased convertible debt highlights growing investor confidence in Ethereum's expanding role in the digital asset market.
The post ETHZilla raises $350M in new debenture, boosts convertible debt to $500M appeared first on Crypto Briefing.
Short-term Bitcoin holders capitulation sees 15,700 BTC sold amid market panic, echoing patterns from past downturns and market corrections.
The post Short-term holders offload 15,700 Bitcoin amidst renewed panic appeared first on Crypto Briefing.
ASTER, the native token of the decentralized perpetual exchange Aster, officially launched last week and immediately made waves across the crypto market. Backed by Yzi Labs (formerly Binance Labs) and carrying the public endorsement of former Binance CEO Changpeng “CZ” Zhao, the token quickly drew massive attention from traders and investors. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Upon launch, ASTER surged to nearly $1.94, sparking excitement around its potential to rival leading decentralized derivatives platforms. However, the enthusiasm was quickly tested as the token dropped 33% to lows of $1.33 within days, reflecting the volatility often seen in new market entries. Despite this sharp correction, ASTER has since stabilized and recovered to trade around $1.57, showing early signs of resilience. With CZ’s visible support and Yzi Labs’ backing, Aster positions itself as a formidable competitor to Hyperliquid in the decentralized perpetuals sector. The project’s narrative of combining deep liquidity, advanced trading infrastructure, and a strong ecosystem presence is already attracting both retail and institutional attention. Aster’s Setup And Competitive Outlook Top analyst Big Cheds recently shared a technical perspective on Aster, pointing to a bullish signal forming on the 1-hour chart. According to his view, ASTER printed a hammer candle with notable volume at the lower Bollinger Band breach, right near the 50-period simple moving average (SMA). This type of setup often suggests strong accumulation at support levels and can serve as a precursor to a rebound. For traders, the combination of a lower BB breach and hammer formation indicates potential exhaustion of selling pressure and the possibility of renewed upside momentum. The timing of this technical development is crucial. The broader crypto market has entered a volatile phase following aggressive selloffs across Bitcoin, Ethereum, and other major altcoins. While many tokens are struggling to recover, analysts argue that Aster is carving out a unique position, benefiting from strong institutional backing and favorable technical patterns. This resilience has led some to view ASTER as one of the more compelling short-to-midterm plays in the altcoin market. Beyond technicals, Aster’s fundamentals add weight to this outlook. Positioned as a direct competitor to Hyperliquid, Aster is aiming to capture market share in the growing decentralized perpetuals sector. Backed by Yzi Labs and publicly supported by CZ, its ecosystem growth potential is considerable. Analysts believe that if momentum continues, Aster could see accelerated adoption, supported by both speculative interest and long-term infrastructure development. Related Reading: Crypto Leverage Whipeout: $600M+ In BTC & ETH Longs Liquidated ASTER Price Analysis: Technical Levels To Hold The 1-hour chart of ASTER/USDT highlights the token’s volatile but constructive price action since launch. After an explosive surge to nearly $1.94, the price corrected sharply, retracing to the $1.33 level before finding support. The recent bounce has seen ASTER recover to around $1.49, signaling that buyers remain active at lower levels despite ongoing volatility. The chart shows that ASTER is consolidating just under the 50-period simple moving average (SMA), currently near $1.51. This moving average has acted as both resistance and guidance for short-term momentum, meaning a decisive break above could trigger renewed upside momentum. Conversely, rejection here could lead to another retest of the $1.40–$1.33 support zone. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Candlestick patterns also suggest uncertainty, with repeated long wicks on both ends reflecting tug-of-war behavior between bulls and bears. However, the ability of ASTER to hold above $1.40 during periods of selling pressure indicates resilience. Featured image from Dall-E, chart from TradingView
"Like Bitcoin, gold was once subject to skepticism, suspicion, and demand speculation," Deutsche Bank's analysts said.
Central banks' potential Bitcoin adoption could redefine global reserve strategies, challenging traditional currency dominance and enhancing digital asset legitimacy.
The post Bitcoin may appear alongside gold on central bank balance sheets: Deutsche Bank appeared first on Crypto Briefing.
SHIB outperforms DOGE as the crypto market wilts.
Google Solana price chart integration now enables users to view real-time SOL price data and charts directly within Google search results.
The post Google integrates Solana chart in search results appeared first on Crypto Briefing.
HBAR plunged 6% in under a day as heavy institutional selling drove volumes to nearly triple the daily average.