As the market heads into the evening, traders are bracing for the Federal Reserve’s next move while a fresh mix of policy pushes, institutional adoption, and on-chain milestones keeps crypto’s story unpredictable. Bitcoin (BTC) and Ethereum (ETH) held steady after a choppy session that saw broader declines across altcoins, even as rate cut speculation added a hint of optimism. If the Fed blinks, some strategists argue it could be rocket fuel, with calls that Bitcoin could press toward one hundred fifty thousand dollars if liquidity opens up. Inflows are telling their own story: Ethereum spot ETFs drew roughly 638 million dollars between September 8 and 12, led by products from Fidelity and BlackRock, showing real demand is there even as technicals flash caution. Not everyone is buying the bull case into year end. Citigroup sees Ethereum at about 4,300 dollars by December, a target below current levels despite the strong run this year, and warns that layer 2 activity has yet to translate into sustained valuation support. Meanwhile, weekly leaders have flipped red, with some names like Ethena posting the day’s uglier prints. Policy and politics raised the volume in Washington. Michael Saylor and a cohort of crypto executives spent the day pitching lawmakers on a Bitcoin reserve concept and the BITCOIN Act, proposing a one million BTC strategic holding to anchor US leadership in the asset class. Fidelity added a structural angle to the long-term thesis, projecting Bitcoin’s illiquid supply could climb to about 42 percent by 2032 as corporations and long-horizon holders sock away coins, setting up future supply squeezes if demand keeps rising. Across the Atlantic, the regulatory map is far from settled. France’s AMF signaled it may resist passporting from other EU licenses and push for tighter bloc-wide oversight, while Malta pushed back against handing more authority to the EU securities watchdog ESMA. The UK and US, by contrast, appear to be moving closer together on stablecoin and digital asset supervision after high-level talks. Enforcement and security news cut the other way. Israel’s Ministry of Defense ordered the seizure of 187 wallets it alleges are tied to Iran’s IRGC and terrorism financing, saying they held more than 1.5 billion dollars in Tether (USDT). The headline stoked risk-off chatter and renewed debate over the role of dollar stablecoins in sanctions compliance. In the corporate trenches, Binance is reportedly nearing a deal with the US Department of Justice to remove the independent compliance monitor imposed after its massive settlement, a development that sent BNB (BNB) to new highs and would mark a milestone in its post-settlement turnaround. Coinbase, meanwhile, pushed back on a growing bank narrative by arguing stablecoins do not drain US deposits and mostly support the dollar’s reach abroad, positioning them as payment plumbing rather than deposit substitutes. The rails to make crypto useful continued to expand. Google teamed up with Coinbase to launch an open-source payments protocol with stablecoin support, aimed at powering AI-driven transactions and bridging mainstream apps with crypto settlement. In Switzerland, UBS, Sygnum, and PostFinance successfully completed interbank payments using the Ethereum blockchain, a concrete step toward real-world bank deposit settlement on-chain. In Europe’s consumer market, Santander’s Openbank opened crypto trading for retail clients in Germany, with Spain next, raising the bar for other traditional lenders to follow. And the United Nations development arm is rolling out a Government Blockchain Academy with Exponential Science to help officials globally get fluent in blockchain and AI, with programming to kick off next year. Venture and asset management kept the capital flowing. Standard Chartered’s SC Ventures is preparing a 250 million dollar digital asset fund for 2026 with backing from Middle Eastern investors, a bet on deal flow across tokenization, infrastructure, and beyond. Bitwise filed for an ETF focused on stablecoins and tokenization themes, hoping to package the picks-and-shovels play for public market investors around the Thanksgiving window. In the Solana (SOL) ecosystem, Pantera Capital disclosed a 1.1 billion dollar position, its largest crypto holding, while backing a plan for Helius to raise 500 million dollars for a Solana-focused treasury, with additional warrants potentially lifting the vehicle’s capacity to 1.25 billion dollars. On the derivatives and liquidity frontier, Circle invested in Hyperliquid, added HYPE (HYPE) exposure, and launched native USDC (USDC) on HyperEVM to grease cross-chain settlement and fend off stablecoin fragmentation. Pump.fun’s surge continued, with more than 1 billion dollars in trading volume and revenue that topped Hyperliquid as its PUMP (PUMP) token jumped roughly sixty nine percent on the week, a reminder that memecoin energy still drives real fees when the casino is open. Payments and access companies are busy too. MoonPay is acquiring Meso to stitch together banks, card networks, stablecoins, and blockchains under one roof, bringing seasoned fintech operators to help scale a global crypto payments network. On the retail speculation front, CleanCore added another 100 million Dogecoin to crest 600 million DOGE (DOGE), with an eye toward a billion, an accumulation that could become a notable piece of memecoin market structure if it continues. XRP (XRP) hovered near the 3 dollar area after a choppy stretch, but chatter around a potential spot XRP ETF debut persisted and some analysts floated eye-popping targets for next year, keeping social sentiment hot even as the chart has looked tired. Macro still sets the tone. A key Bitcoin sentiment gauge swung from bearish to neutral as traders positioned into the Fed decision, while geopolitics, including rising tensions in Venezuela, kept a floor under volatility expectations. Ethereum’s institutions are quietly adding, Bitcoin’s policy champions are getting louder, and banks are testing real payments on public chains. At the same time, enforcement headlines and split regulators in Europe show the path to mainstream is still messy. If the Fed cuts, risk could catch a bid. If not, the market may need to digest the recent run and the growing chorus of caution on ether before the next leg higher. For now, watch the policy tape and the plumbing. The former may shape who can play, the latter determines how fast capital can move. Tonight delivered plenty of motion on both.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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