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Solana price has pulled back 6% this week as SOPR dips and short bets rise. Key support at $175 could decide whether bulls regain control or the dip deepens.
Also, only three tokens have outperformed bitcoin so far this year: XMR, HYPE and SKY
Quick Take TradFi apologists are stuck between the lines and simply can’t imagine what a crypto financial system can offer, according to Bitwise CIO Matt Hougan. While skeptics compare crypto to historical market bubbles and say it is not needed, they are missing a better way of doing things, he said.
Quick Take A total of 10,141 BTC valued at an estimated $1.19 billion moved into an Anchorage‑labeled wallet from multiple addresses in about nine hours, per Arkham data. A new address tagged as “Volcon” withdrew 3,500 BTC from a Gemini hot wallet in four days, after the Nasdaq-listed electric automobile maker closed a $500 million funding deal to establish a Bitcoin treasury.
Quick Take The Smarter Web Company has purchased another 225 BTC for approximately $26.57 million at an average price of $118,080 per bitcoin. The firm now holds a total of 2,050 BTC ($242 million), solidifying its place in the top 25 public bitcoin treasury companies.
LTC price bullish outlook persists despite the US SEC delaying its decision on Grayscale’s Litecoin ETF proposal until October 10, 2025.
Bitcoin remains steady as rate cut speculation grows and macro signals hint at a market cooling phase.
Michael Saylor’s Strategy has recently added another 21,021 BTC to its treasury amid rising institutional interest and subdued volatility.
- 19:33Powell Avoids Providing September Rate Guidance as US Treasury Yields RiseAccording to Jinse Finance, the bond market is translating Powell's remarks into a sell-off of U.S. Treasuries. Since 2:30 p.m. Eastern Time, when Powell began answering reporters' questions, yields have been rising, in sharp contrast to the decline in yields that followed the Federal Reserve's earlier split decision at 2:00 p.m. to keep rates unchanged. Powell avoided giving explicit guidance for the September meeting, stating only that upcoming data would guide monetary policy. The market had previously expected the Fed to cut rates at the September meeting. As a result, the U.S. 10-year yield rose from 4.342% when Powell took the stage to 4.378%.
- 19:33Traders see less than a 50% chance of a rate cut in SeptemberAccording to Jinse Finance, traders now estimate the probability of a rate cut in September to be below 50%, compared to around 60% before the meeting.
- 19:27Analyst: Fed Rate Cut Expectations for September Cool Down, but Markets Still Seem to Be Waiting for a SignalAccording to ChainCatcher, market analysts have noted that, frankly, the current decline in U.S. stocks is surprisingly modest, with the S&P 500 currently down just 0.4%. Yesterday, the market placed a 68% probability on a Fed rate cut in September, but that likelihood has now sharply dropped to only 45%. Despite such a significant shift in policy expectations, the market has not seen a more pronounced sell-off, reflecting the resilience of investor sentiment, or perhaps investors are still waiting for further confirmation signals.