Flows: Ethereum spot ETFs added $360 million on Sept 15 (fifth straight day); Bitcoin spot ETFs added $260 million (sixth straight day). US spot ETF inflows remain well above normal ranges.
Momentum vs. conviction: The RSI surged to 78.1, while CVD weakened, and volumes remained flat, indicating strong momentum but limited conviction.
Derivatives: Futures open interest rose to approximately $47.5 billion; perpetual CVD increased to $48.5 million, indicating aggressive buy-side leverage.
On-chain mix: Active addresses slipped, transfer volume increased, fees dipped, with capital moving, but user activity is muted.
Event risk: The Federal Reserve decision tomorrow is the single biggest directional catalyst; reduced hedging (skew down) raises the risk of a volatility surprise.
The private placement builds on HSBC and Marketnode's earlier work under Singapore's Project Guardian, landing in a structured products market that generates a fifth or more of revenue at many Asian wealth platforms.
The Singapore state investment fund cites regulatory uncertainty and its $275 million FTX loss as reasons to steer clear of digital assets, even as it continues blockchain exploration.
The bank-owned messaging network is deploying its shared ledger for 24/7 cross-border tokenized deposit transfers, working alongside existing rails rather than replacing them.
