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Metaplanet, a Japan-based Bitcoin treasury, kicked off the week with a major acquisition. The company announced the purchase of 5,419 Bitcoins. This investment, worth approximately $632.5 million, was the company's largest single-use BTC purchase to date. The transaction was completed at an average price of $116,724.Metaplanet CEO Simon Gerovich stated in a statement on X on Monday, "As of September 22, 2025, we held a total of 25,555 BTC. We acquired these assets at an average price of $106,065, for a total of $2.71 billion." With this latest move, the company surpassed Bullish to become the fifth-largest Bitcoin holder among publicly traded companies. Strategy, managed by Michael Saylor, maintains its leadership with 638,985 BTC. Its ranking among Bitcoin treasury companies is as follows: Metaplanet's Bitcoin-focused strategy is becoming increasingly aggressive. Having held only 4,525 BTC until mid-year, the company quickly expanded its portfolio, becoming one of the largest institutional buyers. Having reached its target of 10,000 BTC in June, Metaplanet has set new targets, exceeding its 21,000 BTC plan announced for 2026. Under its "555 Million Plan," it aims to raise $5.4 billion to acquire 210,000 BTC by 2027.To finance this growth plan, the company raised $1.4 billion by issuing 385 million new shares earlier this month. The funds were directed directly to Bitcoin purchases. Last week, the establishment of a new subsidiary, Metaplanet Income Corp., in the US was approved. This new structure will focus on Bitcoin derivatives and income-generating products.Metaplanet shares are decliningOn the market front, however, the picture was different. Metaplanet shares have been volatile over the past day. Opening the week at around $4.30, the stock closed around $3.90. This represents a decline of approximately 3% in single-day performance. The volatility in the Bitcoin price and the company's new acquisitions, in particular, created significant intraday activity.The weekly outlook is somewhat more moderate. While the share price fluctuated within a narrow range over the past week, it saw a roughly 1% increase compared to the beginning of the week. This rise suggests that the company's aggressive Bitcoin strategy is maintaining investor interest in the short term.A more steep decline is evident in the monthly performance. Metaplanet shares have lost approximately 27% of their value over the past month. This decline is due to the dilution effect created by the company's capital increase by issuing 385 million new shares and a shift in investor risk perception. The correction in the Bitcoin price also added to this pressure.The Bitcoin price also fluctuated on the same day. BTC, which has fallen more than 1 percent in the last 24 hours, traded at $112,949. According to experts, Metaplanet's aggressive strategy, which has earned it the nickname "Asia's Strategy," is also increasing the influence of corporate treasuries on Bitcoin.
The new week started with volatility in the cryptocurrency market. Bitcoin and leading altcoins, which gained upward momentum following the recent 25 basis point interest rate cut by the US Federal Reserve (Fed), came under renewed selling pressure after the weekend. So, what was behind this decline? Here are the triggers of the decline and the latest market conditions.Bitcoin and altcoins are experiencing a sharp declineAs of Monday morning, Bitcoin had fallen nearly 3 percent to the $112,700 range. Ethereum, on the other hand, experienced an even steeper decline, losing more than 5 percent to $4,190. Solana fell 5.3 percent to trade around $222, while XRP fell 5 percent to $2.8. The acceleration of selling was notable with the opening of European markets on the first trading day of the week. Within minutes, Bitcoin had fallen more than 2 percent to $111,900; Losses reached 5% and 7%, respectively, in Ethereum and Solana. Fed's interest rate decision impactsAnalysts note that this rapid pullback isn't tied to a clear trigger, but rather can be explained by short-term selling and breaks in technical levels. BTSE COO Jeff Mei said, "The market retreated slightly over the weekend because investors are being cautious in the uncertain macroeconomic environment. The Fed stated that it will evaluate interest rate decisions on a meeting-by-meeting basis, meaning it won't initiate an aggressive rate cut."Fed Chair Jerome Powell also described the rate cut as a "risk management" step in his press conference, emphasizing that there was no need for rapid action. These statements limited investors' expectations and created a cautious atmosphere in the crypto market.In terms of market capitalization, the total capitalization of crypto assets has fallen below $4 trillion. Major altcoins like Ethereum and Solana led the way, while Dogecoin experienced one of the sharpest declines, falling 7.8%. Cardano fell 5.7 percent, and Chainlink fell 6 percent. Meanwhile, Avalanche saw a positive outperformance with a 4 percent gain.Investors cautiousAccording to BTC Markets analyst Rachael Lucas, the crypto market's "fireworks" of the first half of the year have faded. Lucas said, "Investors are cautious; long-term holders aren't panicking, but short-term investors are uneasy. On-chain data suggests that large investors aren't selling. This suggests the market is more 'uneasy optimism' than fear." Lucas also noted that a break above $124,000 for Bitcoin could trigger a new upward wave, while the current price action suggests more consolidation.Among the critical developments for the markets in the coming days is the PCE data, the Fed's preferred inflation indicator. It's being argued that if there are signs of easing inflation, the crypto market could rebound. Meanwhile, regulatory approvals for new spot Bitcoin ETFs from various regions or increased institutional demand are also among the potential factors that could revive price momentum.Consequently, the crypto market exhibited a volatile outlook in September, consistent with historical trends. While investors appear to be acting more cautiously considering short-term uncertainties, there is currently no panic affecting the long-term outlook. However, during this period of renewed volatility, the market's fragile nature necessitates strong catalysts.
The Bitcoin price reached $117,600, reaching a one-month high. However, this surge is driven by a critical development that could shake the markets. The $4.9 trillion in options expiring today on Wall Street poses a significant volatility risk for both the stock markets and the cryptocurrency ecosystem.Analyst Ted Pillows commented on social media, "Today's $4.9 trillion options expiration is even larger than the total value of the current cryptocurrency market. Such a load could cause sharp market volatility." The current crypto market size is approximately $4 trillion.The "Triple Witching" EffectWall Street's quarterly "triple witching" periods are known for the simultaneous expiration of options and futures. This process, seen in March, June, September, and December, can increase trading volumes and lead to sharp price movements. Ted noted that a similar situation occurred in March and June 2025. Following the March expiration, markets experienced a sharp pullback within two to three weeks, while the June expiration paved the way for Bitcoin to fall below $100,000.Huge Figures in Crypto OptionsThe crypto market is also striking. According to market data, $3.5 billion worth of Bitcoin and $806 million worth of Ethereum options expire today. For Bitcoin, the put/call ratio is 1.23, with a maximum pain point of $114,000. For Ethereum, the ratio is 0.99, with a maximum pain point of $4,500. These levels are generally known for their "magnet" effect, attracting prices. Therefore, it would not be surprising to see sharp fluctuations in the coming hours. Leverage Overload Creates RiskAccording to experts, the biggest risk is the reaccumulation of high leverage levels in the markets. Ted commented, “Leveraged positions are liquidated sooner or later. This paves the way for short-term declines, followed by a new rally.” In March, Bitcoin rose 33% before retreating. In June, this figure remained at 20%, and the decline was much more rapid. In September, Bitcoin was trading around $117,000, and investors are worried that a similar scenario could reoccur. Analysts note that the Fed's latest interest rate cut and any further rate cuts that may occur before the end of the year could also impact the outlook. If history repeats itself, these sharp fluctuations could pave the way for new records for Bitcoin. However, it's clear that investors face high risks in the short term.As a result, both the massive $4.9 trillion expiration date on Wall Street and the critical $4.3 billion threshold in crypto options markets could create a stormy market effect.
The US Federal Reserve takes the stage today; the decision will be announced at 9:00 PM Turkish time. Markets are almost certain that Jerome Powell will announce the first interest rate cut of the year. Interest rates, which have been held steady since December 2024, could now be met with a downward move due to weakening employment data and increasing political pressure.The expectation is clear. Futures pricing assigns a 25 basis point cut a probability of over 90%, with a 50 basis point surprise being discussed in rare scenarios. Such a move would soften the narrative of dollar liquidity and support flows into assets like gold and Bitcoin. The reverse is also possible; if the Fed passes, the initial reaction could be a sharp sell-off, followed by the possibility of a larger emergency cut.The crypto market appears calm but alert ahead of the decision. The Bitcoin price is consolidating between $114,600 and $117,100 during the day, trading near the upper limit. On the on-chain side, the short-term investor cost remains above the reference bands, favoring sentiment. This chart indicates a squeeze that could react sharply to the news flow. According to experts, the critical threshold is $118,000–118,500. A break above this area with volume could strengthen momentum toward $120,000, opening the door to an all-time high from there. In short, the direction will depend on how 118,000 is tested.Gold is also in the picture. The price per ounce is just below $3,700, close to records. While profit-taking is evident in mining stocks, the resistance on the spot side aligns with the narrative of a rate cut. Depending on the Fed's tone, traffic across the two bridges could increase or briefly reverse.Let's clarify the scenarios: If the expected 25 basis points come in and guidance isn't neutral-hawkish, Bitcoin's gradual upward trend will be maintained, with occasional leverage-related wicks. A 50 basis point surprise could trigger an "initial euphoria, followed by news selling" pattern; if growth concerns prevail, some of the gains will be returned. If the price is passed as expected, crypto and gold will be hit first, followed by a recovery driven by the expectation of a larger price cut.It's worth remembering: A similar setup worked in September 2024. Initially, there was a shakeup, then an accelerating trend. Of course, past performance isn't guaranteed; what matters today is Powell's statements at the press conference around 9:30 PM, along with the 9:00 PM decision. Key phrases like "inflation progress," "labor market balancing," and "data dependence for further price cuts" could influence pricing for how many price cuts we'll see throughout the rest of the year.What are investors waiting for?Probabilities are clustered around three price cut paths in the CME FedWatch and crypto prediction markets. In summary, the 9:00 PM (UTC) anchor is critical. A 25 basis point and a softer tone could open the door for Bitcoin to push the 118,000 threshold; a clean breakout could bring 120,000 and the top zone into focus. In the event of a hawkish surprise or a lapse, the 116,800–114,500 and 113,300–110,000 corridors could serve as defensive lines.
The cryptocurrency market experienced rare activity. A Bitcoin whale, which hadn't made any transactions since 2014, transferred 1,000 BTC of its holdings to new addresses. According to on-chain data, this move represents a single transfer of approximately $116.6 million worth of cryptocurrency.Bitcoin whale strikesAccording to a report by on-chain analysis platform Lookonchain, based on Arkham data, the "1NzH...DrtpZo" wallet had been dormant for over 11 years. The address in question purchased 1,000 BTC in January 2014 at a price of approximately $847 per Bitcoin. At the time, the total value was around $847,000, and today, this amount has grown by over 100 times, reaching hundreds of millions of dollars. The whale transferred all of its holdings to four new addresses. However, Arkham did not disclose any information about the owners of these addresses. Whether the transfer was made to exchanges or personal cold wallets remains unclear.The Bitcoin price, however, continued its upward trend during this volatility. According to market data, BTC rose 1.3 percent in the last 24 hours to $116,637. The weekly gain reached 4.8 percent.Whales breaking their long silences is particularly striking during bullish periods. Last week, a wallet that had been inactive for years sent 132 of its 445 BTC to another address and 5 to the Kraken exchange. It was also reported that this wallet hadn't made any transactions for almost 13 years.A more significant example occurred in July. A Satoshi-era whale sold approximately 80,000 BTC (worth over $9 billion at the time) through Galaxy Digital. This sale was recorded as part of the investor's inheritance planning.What does the activation of old addresses mean? Such movements in the crypto market significantly impact investor psychology and price expectations. Some analysts interpret the trading activity of wallets that have been inactive for a long time as a sign of a new wave of market volatility. However, as long as it remains unclear whether the transferred BTC is being sold or moved for safekeeping, sustained price pressure may not be felt.The increased activity of early Bitcoin wallets, known as "OGs," over the past year is noteworthy. This situation both serves as a reminder of the cryptocurrency's current state and suggests a potential shift in strategies for long-term investors.During this period of increasing whale activity, market observers continue to closely monitor on-chain data. As has been seen repeatedly in the past, the actions of major players can be a significant signal in determining market direction.
A potentially historic development is underway for the US cryptocurrency markets. The bill, introduced by Senator Cynthia Lummis and known as the "BITCOIN Act," proposes that the country acquire a total of 1 million Bitcoins over the next five years. These purchases, representing over $115 billion at current prices, are planned to be carried out in a budget-neutral manner without imposing an additional burden on taxpayers.The critical meeting in Washington will be one of the most concrete steps in this major initiative. Members of the legislature will meet with 18 leading figures in the crypto industry. Participants include MicroStrategy founder Michael Saylor, Fundstrat CEO Tom Lee, Marathon Digital (MARA) CEO Fred Thiel, and CleanSpark executives. Andrew McCormick, the US manager of Bitdeer, Off the Chain Capital, Reserve One, Western Alliance Bank, and eToro, will also be in attendance. The focus of the meeting is the creation of a Bitcoin reserve in a budget-neutral manner. Various financing methods are being considered for this purpose. Ideas such as revaluing Treasury gold certificates and using revenues from tariffs will be discussed. This will allow the US to build a strategic Bitcoin reserve while avoiding increasing its budget deficit.Michael Saylor, one of the bill's strongest supporters, reiterated his long-held views. According to Saylor, Bitcoin is the world's most powerful store of value, and this US step will position Bitcoin as a strategic reserve asset like gold. President Donald Trump also announced his support for the bill through an executive order, emphasizing the use of "creative financing methods."The BITCOIN Act is considered one of the boldest steps taken in US cryptocurrency policy to date. The GENIUS Act, passed in July, introduced regulations for stablecoins; now, it appears Bitcoin is next. If passed, the US will not only strengthen its financial security but also become the first major economy to elevate Bitcoin to the status of a national strategic reserve.The bill has its criticsHowever, not everyone welcomes this initiative. JAN3 founder Samson Mow describes it as "ironic" that the US hasn't established a Bitcoin reserve to date. He argues that while many countries have followed the US's example in developing reserve plans, Washington has lagged far behind.Despite all the criticism, interest in the bill is growing. If industry representatives can prove that the costs can be met without burdening the public, the US could mark a milestone in crypto history. The decisions the US Congress makes in the coming period will determine the direction not only of the country but also of global crypto markets. A US reserve of 1 million Bitcoin could fundamentally alter the supply-demand balance and lead to historic price fluctuations.
The US Federal Reserve (Fed) is preparing for one of the most critical meetings of 2025. The interest rate decision, to be announced tomorrow, September 17th, is thought to open the door to the first interest rate cut of the year. According to CME FedWatch Tool data, markets have priced in a 96% probability of a 25 basis point cut. This suggests that the decision is largely anticipated, and markets are positioning accordingly. The Fed's September meeting will take place on September 16th and 17th. The critical interest rate decision will be announced on Tuesday, September 17th at 9:00 PM Turkish time. Markets are already fixated on this time; the press conference to be held by Jerome Powell following the decision will be the most important development that will shed light on the rest of the year.However, the most decisive factor will be the press conference held by Fed Chair Jerome Powell after the meeting. Powell's messages will provide clues about how monetary policy will be shaped for the rest of the year. Some economists argue that the Fed should act more aggressively and cut interest rates by 50 basis points. However, most analysts view this possibility as unlikely. Regardless of the outcome, one person is certain to be unhappy with this process: US President Donald Trump. Trump has long referred to Powell as "Too Late Jerome," criticized his slow pace on interest rate cuts, and even demanded his resignation. Citing the European Central Bank and the Bank of England's multiple rate cuts throughout the year, Trump accuses the Fed of delays.Optimism dominates Bitcoin and other marketsThe general market sentiment is optimistic for now. The S&P 500 index opened the week at record highs. This rise was driven not only by interest rate expectations but also by Elon Musk's $1 billion purchase of Tesla shares. On the crypto side, Bitcoin has rebounded after weeks of sideways movement. If the largest cryptocurrency can surpass its 30-day high of $118,595, an attempt to break above the historic record of $124,457 could be on the horizon. The psychological barrier of $5,000 also appears critical for Ethereum.However, experts also highlight the risks. The S&P 500 index has gained a remarkable 72 percent since the beginning of 2023. Some believe this momentum, fueled by investments in artificial intelligence, has overheated. The crypto market has seen a much sharper rise. Bitcoin has gained 600 percent in the last two and a half years, Ethereum 275 percent, and XRP 780 percent. Therefore, the possibility of a potential correction remains.Steve Sosnick, chief strategist at Interactive Brokers, stated that the Fed could signal a "hawkish interest rate cut" this week when announcing its decision. He noted that markets have largely priced in the reduction, but that future expectations could be tempered. According to him, even if the Fed implements the cut, it may want to dampen excessive optimism about the future. He noted that inflation remains uncontrolled, and that core CPI and PCE are rising again.New Development at FedA new development has occurred that will impact decision-making at the Fed. The Senate has approved Stephen Miran as the replacement for Adriana Kugler, who left office in August. Miran, who won a narrow 48-47 vote, will remain on the board until January 2026. It is known that Miran believes interest rate cuts are overdue, so this will strengthen his support for a reduction in decisions to be made this week. There are even speculations in the US press that Miran may eventually become a candidate to replace Powell as Fed chair.In short, the key factor in market direction will not only be the magnitude of the rate cut, but also the signals Powell delivers at his press conference. On the one hand, there is pressure from Trump and the election atmosphere, and on the other, overheated stock markets due to inflation concerns. The crypto market, once again, stands out as a "risky asset" in this equation. Investors will be keeping an eye on announcements from Washington this week.
Digital payments giant PayPal has taken a new step in expanding its support for cryptocurrencies. The company has introduced a new peer-to-peer (P2P) payment feature called "PayPal Links." Users can now request payments through personalized one-time links, using Bitcoin (BTC), Ethereum (ETH), and the company's own stablecoin, PYUSD. The feature is rolling out first in the US and is planned to expand to the UK, Italy, and other countries by the end of the year. PayPal Links is an improved version of the existing PayPal Me system. Previously, the requester had to manually enter the amount. In the new system, users can specify the payment amount before sharing the link and personalize their requests by adding notes or emojis. Upon acceptance, the funds are instantly credited to the account. Unused links automatically revoke within 10 days, and a reminder option is also available.One of the most important aspects of this innovation for crypto users is that personal transfers made through PayPal and Venmo are exempt from tax reporting in the US. Gifts, expense sharing, or debt-credit transfers between friends will not be subject to a 1099-K form. This could make crypto transfers easier to use in daily life.Another notable development announced by PayPal is that this move is part of the company's global payment infrastructure, which it calls "PayPal World." PayPal World is an initiative that aims to connect billions of digital wallets. This will allow crypto transfers not only to PayPal and Venmo wallets but also to compatible external wallets. This step is considered to be closer to the peer-to-peer payment vision defined in Bitcoin's white paper.According to the company's statement, PayPal's P2P and consumer payments grew by 10 percent year-over-year in the second quarter of 2025. Venmo, on the other hand, reached its highest total payment volume in three years. This momentum, combined with PayPal's crypto-enabled solutions, is expected to increase the company's influence in the global digital payments market. PayPal entered the crypto space in 2020PayPal entered the market by launching crypto trading in 2020 and launched the PYUSD stablecoin in partnership with Paxos in 2023. PYUSD, currently the 11th largest stablecoin with a market capitalization of approximately $1.3 billion, is also the backbone of the "Pay with Crypto" feature. This feature allows small businesses to accept payments in dozens of cryptocurrencies. PayPal has also begun supporting popular tokens like Chainlink (LINK) and Solana (SOL).According to experts, PayPal's move is a significant step toward transforming crypto from a mere buy-sell or investment tool into a usable tool for everyday payments. The World Bank has stated that stablecoins offer a cost advantage of up to 90% in cross-border remittances. In contrast, institutions like the Bank for International Settlements (BIS) still consider stablecoins to be "assets" rather than "money." PayPal shares (PYPL) are currently trading at $67.11, giving the company a market capitalization of $65 billion. With new P2P features and crypto support, PayPal is expected to further increase its presence in the digital payments ecosystem.
Digital asset investment products saw a strong recovery last week, recording a total inflow of $3.3 billion. This move brought assets under management (AuM) to $239 billion, revisiting the record high of $244 billion set in early August.Looking at the details of CoinShares' weekly report, the most striking development was the renewed focus on Bitcoin and Ethereum. Bitcoin funds accounted for the largest share of the week with $2.4 billion inflows. This brings Bitcoin's total investment to over $23.7 billion since the beginning of the year, bringing its asset size to $182 billion.The situation was even more striking on Ethereum. After eight consecutive days of outflows, investor sentiment reversed. Ethereum funds recorded inflows for four consecutive days last week, raising a total of $646 million. While there were still $265 million in outflows on a monthly basis, Ethereum's assets under management remained above $40 billion.One of the surprises of the week was Solana. Solana funds saw the highest daily inflow in their history on Friday, attracting $145 million in inflows in a single day. Solana, which attracted a total of $198 million in weekly investments, once again demonstrated that institutional investors are shifting their focus to alternative networks.What's the latest on altcoins?XRP funds also showed a positive performance with $32.5 million in inflows, while Sui saw $14 million, Chainlink $1.5 million, and Cardano $1 million. Among smaller-scale funds, Cronos and Litecoin finished the week positive with limited investments of $300,000 and $5 million, respectively. Meanwhile, multi-asset funds saw $1.1 million in outflows. Altcoins in the "Other" category saw a total inflow of $3.4 million, but net outflows of $361 million since the beginning of the year remain significant. The US maintained its clear lead in regional distribution, with $3.2 billion in inflows to US-based funds alone. Germany stood out with a contribution of $160 million, followed by Canada with $14 million and Hong Kong with $5.4 million in inflows. Meanwhile, Switzerland saw outflows of $92 million and $5.6 million, respectively.By provider, iShares/USA funds stood out with $1.1 billion, and Fidelity's Bitcoin fund with $850 million. Despite receiving $147 million in inflows, Grayscale funds remain in negative territory with outflows of nearly $1.6 billion since the beginning of the year. Bitwise and ARK funds also closed the week with inflows of $183 million and $180 million, respectively.The overall picture suggests an increase in risk appetite due to macroeconomic data from the US falling short of expectations. Digital asset funds are once again attracting institutional capital, particularly led by Bitcoin, Ethereum, and Solana. Inflows into altcoins such as XRP, Sui, Cardano, and Chainlink demonstrate that investors continue to diversify. If this trend continues, assets under management are expected to test the historic high of $244 billion again soon.
BTC Technical AnalysisAnalyzing BTC chart on a daily time frame, we see that the coin managed to complete an Inverse Head & Shoulders formation which has been forming for nearly seven months – from early 2025 till early July. BTC surged to a new ATH at $123K after it broke out of the neckline area (grey zone) with strong volume. The price of the coin saw a healthy retest to the neckline zone following the breakout, and this move confirmed this region as a support zone. TOBO Formation BTC started another rally from here, and we see that $117.6K, $120.3K, and the previous ATH at $123K currently stand as key resistance levels in the short term. It is likely that BTC will see some profit-taking before it moves on.Providing that BTC sees daily closings above $123K with strong volume, it could test $130K first, and then potentially $150K.According to a bearish scenario, BTC might go down to test $112K–$113K, and $108K in case of a deeper correction.If we summarize the scenario, we can say that the completion of the Inverse Head & Shoulders formation marks the start of a major bull phase for BTC. A potential Fed rate cut on September 17th and daily price closings above $123K could end up with the start of the second phase of the bull market, the Ethereum rally. As ETH/BTC chart rises, we can expect a broader altcoin season.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
The release of the US Consumer Price Index (CPI) data generated excitement in the crypto market. While the Fed is expected to cut interest rates by 50 basis points next week, Bitcoin (BTC) and leading altcoins saw significant gains.CPI data met expectationsThe US CPI came in at 2.9% year-over-year. This rate was fully in line with market expectations and exceeded the previous month's 2.7%. Monthly inflation increased by 0.4%, slightly above the expected 0.3%. The core CPI remained stable at 3.1% year-over-year, while the monthly data came in at 0.3%.The fact that the inflation data were generally in line with forecasts strengthened the possibility of a rate cut at the Fed's September meeting. Markets had been pricing in a 50 basis point cut for a long time. The released figures supported this expectation. Bitcoin nears $114,000Leading cryptocurrency Bitcoin reached $113,759 following the data release. While there was a limited pullback of 0.17% in the last 24 hours, it increased by over 3% on a weekly basis. Trading volume exceeding $51 billion demonstrates continued investor interest. Ethereum (ETH) rose to $4,402, registering a 1.22% daily and 1.13% weekly increase. Ethereum's market capitalization exceeds $538 billion, and expectations of strong institutional demand continue to support the price.Rapid movements in altcoinsXRP traded at $2.97, once again approaching the psychological $3 resistance level. With over 6% weekly gains, XRP attracted investor attention.Solana (SOL) reached $225, up 0.55% in the last 24 hours and 9.45% weekly. Solana's strong ecosystem data and growing developer interest are supporting its price performance.Dogecoin (DOGE) was one of the stars of the week. With a weekly gain exceeding 16%, DOGE rose to $0.24, solidifying its leadership in the memecoin market by surpassing $37 billion in market capitalization.TRON (TRX) also saw strong momentum, posting a daily gain of over 3% and reaching $0.34.Investors await the Fed's decisionAll eyes in the crypto market are now on the Fed's interest rate decision next week. A 50 basis point cut could increase capital inflows into risky assets. The recent recovery in Bitcoin and altcoins suggests this expectation is already factored in.If the Fed does not surprise the markets and lowers interest rates as expected, a new wave of upward movement in crypto assets is expected. However, the fact that inflation data exceeded expectations on a monthly basis also reminds us of the need for caution before any decision.
The latest US inflation data surprised markets. The Producer Price Index (PPI) for August came in well below expectations, reshaping investors' expectations for Fed policies.Slowdown in PPI DataAccording to data released by the US Department of Labor, the PPI increased by 2.6% year-over-year. Market expectations were 3.3%. This figure, however, fell short of analysts' forecasts, indicating a relaxation of price pressures.Monthly PPI data was also noteworthy. Producer prices fell by 0.1% in August compared to the previous month. The previous month saw a strong increase of 0.9%. This suggests that the slowdown in producer costs is accelerating and inflationary pressures on companies are easing.A similar pattern was observed in the core PPI data. The core PPI was announced at -0.1% month-over-month, while the market had expected a 0.3% increase. The annual core PPI came in at 2.8%, well below the 3.5% expectation.What will be its impact on Fed policies?According to experts, this softening in the PPI is a key signal for the US Federal Reserve's (Fed) interest rate policy, as inflation data is crucial for the Fed's interest rate decision next week.Markets currently view a Fed rate cut in September as almost certain. According to CME FedWatch Tool data, a 25 basis point rate cut is priced in at 91.8%, while the probability of a 50 basis point cut remains at 8.2%.While some analysts indicate that the rate cut has already been priced in, others argue that this move could trigger a new wave of price appreciation, particularly in riskier assets.Bitcoin's ReactionLeading cryptocurrency Bitcoin (BTC) experienced brief volatility following the PPI data. The price reacted upward immediately after the announcement, managing to hold above $113,000. The daily trading chart shows Bitcoin consolidating within a narrow range, while investors are watching for the Fed's interest rate decision next week. Bitcoin, which has gained 1.8% in the last 24 hours, is trading around $113,500. Its market capitalization is $2.25 trillion, and 24-hour trading volume has exceeded $52 billion.Crypto analysts say the Fed's next steps will be critical for Bitcoin. They say that if an interest rate cut is implemented, the potential weakening of the dollar index could boost Bitcoin. However, some experts warn that short-term market gains could be followed by profit-taking.Investors Eye the FedUltimately, while the US PPI data falling short of forecasts offers hope that inflationary pressures are easing, markets will be closely watching the Fed's decision. Bitcoin, on the other hand, continues to search for direction by fluctuating in the $110,000 - $115,000 range during this period.
Cryptocurrency exchange Gemini has signed up Nasdaq, the leading US stock exchange operator, as a strategic investor ahead of its initial public offering (IPO). According to Reuters, Nasdaq will purchase $50 million worth of shares during Gemini's IPO.Nasdaq Makes $50 Million ContributionGemini, founded by brothers Cameron and Tyler Winklevoss, has accelerated its long-awaited IPO preparations. Under the company's plan filed with Nasdaq, 16.6 million Class A shares will be offered at a price between $17 and $19. This offering, with additional options, is expected to raise over $300 million.According to sources, Nasdaq will acquire $50 million worth of shares through a private placement simultaneously with the IPO. Thanks to this agreement, Nasdaq customers will gain access to Gemini's custody and staking services, while Gemini's institutional customers will be able to use Nasdaq's Calypso platform, developed for managing trade collateral.Market conditions will be decisiveWhile neither party has officially commented on the matter, it was stated that the agreement is subject to change depending on market conditions. The recent volatility in crypto markets, in particular, could affect investor appetite during the IPO process.Nevertheless, Nasdaq's move signals that the boundaries between crypto and traditional finance are rapidly blurring. Indeed, Nasdaq recently filed a petition with the SEC for regulatory changes regarding tokenized securities. This initiative aims to pave the way for blockchain-based versions of traditional stocks to be traded legally.Strong financials, high targetsGemini's financial data disclosed in its IPO filing fell short of expectations. The company reported a net loss of $282.5 million in the first half of 2025. This figure is nearly seven times the $41.4 million loss in the same period last year. Adjusted EBITDA figures also fell from a $32 million profit to a $113.5 million loss. For the full year 2024, a $158.5 million loss was recorded on $142.2 million in revenue.Despite this outlook, Gemini believes the IPO will attract strong investor interest. The support of a major institution like Nasdaq further bolsters this confidence. With Gemini's listing on Nasdaq under the ticker symbol "GEMI," it is expected to become the third publicly traded crypto exchange in the US, following Coinbase and Bullish.Crypto companies are racing to go publicGemini's move is part of a wave of IPOs in the crypto ecosystem. Companies like Circle and Bullish have previously experienced strong openings on US exchanges. Circle's IPO as a USDC issuer generated significant interest, with Bullish shares surging over 150% on their first day of trading on the New York Stock Exchange. Gemini's success could further fuel the appetite for crypto companies to go public. Players like Grayscale, Kraken, Figure, and BitGo also have similar plans.
El Salvador celebrated the fourth anniversary of declaring Bitcoin its official currency with a new purchase. According to President Nayib Bukele's announcement, the country purchased 21 Bitcoins on "Bitcoin Day." The total value of the purchase reached approximately $2.3 million. The Latin American country made history with this radical step in 2021. The law, first passed by parliament in June and then enacted in September, made El Salvador the first country to recognize Bitcoin as legal tender. Bukele announced the first official purchase on September 7, 2021.The state's total reserves reach 6,313 BTCWith the latest purchase, El Salvador's Bitcoin holdings have increased to 6,313. According to data from the country's National Bitcoin Office, the market value of this reserve is approximately $701.8 million. El Salvador had previously implemented a policy of purchasing 1 BTC per day. This move is seen as part of the country's long-term Bitcoin strategy. In recent weeks, the National Bitcoin Office had implemented extra security measures against potential quantum threats by dividing its assets among 14 different addresses. Furthermore, the country's parliament passed a new law in July granting large financial institutions licenses to offer services based on Bitcoin and other digital assets.Policies Conflicting with the IMFEl Salvador's Bitcoin policies have frequently sparked international debate. It was particularly stated that the public sector was required to halt Bitcoin purchases under agreements with the IMF. Indeed, in a report submitted to the IMF in July, the country's central bank governor and finance minister stated that public BTC purchases had ended in February.However, Bukele denied these claims in a statement in March: "If the purchases didn't stop even when the world excluded us and most Bitcoiners abandoned us, they won't stop now," he said, emphasizing his resolve.Initial purchases came at a high priceEl Salvador is known to have made its first Bitcoin purchases at around $50,000. This investment, considered a risky move at the time, demonstrated the ambitious nature of the country's economic experiment. Today, despite Bitcoin's price remaining below 2021 levels, the Bukele administration appears unwavering in its strategy.El Salvador's Bitcoin purchases continue to be a source of intense debate both domestically and internationally. Despite pressure from the IMF, the country's government remains committed to its goal of placing Bitcoin at the center of the financial system. The symbolic purchase of 21 BTC on its fourth anniversary signals that this strategy will continue.
The two major US market regulators, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), have issued a joint statement of critical importance for financial markets. The statement, signed by SEC Chairman Paul S. Atkins and CFTC interim Chair Caroline D. Pham, aims to usher in an "era of harmonized regulation," particularly for crypto assets and next-generation financial products.Regulatory harmonization emphasizedThe statement emphasized that the securities and commodity derivatives markets are increasingly intersecting, making it imperative for both institutions to act together. Officials acknowledged that a lack of coordination in the past created "regulatory gaps" and slowed innovation, and announced that this era is now over. Atkins and Pham stated, "Today is a new beginning. The uncertainties that hindered innovation in US markets are history. The SEC and CFTC will act in concert from now on."Will a clear roadmap be released for crypto assets?The two institutions' statement highlighted the joint staff memorandum on spot crypto asset products as a first step. Furthermore, the main areas planned for future harmonized regulation were listed as follows:24/7 Markets: Expanding trading hours in US markets will be discussed, in addition to assets that are currently traded continuously, such as crypto and foreign exchange.Event Contracts: Clarifying investor access to these products, particularly given the growth of prediction markets, is on the agenda.Perpetual Contracts: The possibility of offering future-free derivative products, popular on offshore crypto exchanges, under US regulation may be paved.Portfolio Collateralization: The plan is to increase capital efficiency by netting participants' positions across different markets.DeFi and Innovation Exceptions: Creating safe harbors for decentralized finance protocols is considered critical to keeping innovation in the US.A joint roundtable meeting will be held on September 29.The SEC and CFTC will formalize the process with a "compliance and innovation" roundtable meeting to be held on September 29, 2025. At this meeting, both industry representatives and public authorities will discuss the details of harmonized regulation.The officials aim to re-entice innovative financial products that have been relocated outside the US due to fragmented and contradictory regulations. The statement stated, "For many years, the US was a center of financial innovation. However, recently, products and initiatives have shifted abroad. We are determined to reverse this trend."Judging by the tone of the statement, the two agencies' shared goal is not only to regulate cryptocurrency markets but also to reassert the US's leadership in global financial innovation. The regulators indicate that a clearer, more predictable, and more innovative framework will be created without compromising investor protection and market integrity.
