The Federal Reserve cut 25 basis points to 4.25%; FOMC guidance is dovish, and markets now price a 94% chance of an October cut.
Bitcoin moved back above $117,000 intraday; $118,000 remains the dominant liquidation/resistance zone.
Spot ETF flows flipped: Bitcoin ETFs recorded $51.28 million net outflow on Sept 17 (first outflow after seven days of inflows). Ethereum ETFs were roughly flat with $1.89 million outflow.
Exchange deposits: three distinct waves of inflows exceeding $25 million per block in the past 48 hours. This is indicative of partial spot selling into the bounce.
Derivatives split: BTC and SOL perp open interest declined (less speculative long exposure); ETH, XRP, and BNB OI rose, highlighting reallocations within leverage pools.
Three data points from the same week – SpaceX's IPO filing, Harvard's ETH exit, and the unravelling of Bankless – sketch out an institutional verdict the market is already pricing in.
MoonPay Trade, built on the Decent.xyz acquisition, offers a single API for 200+ blockchains and puts former acting CFTC Chair Caroline Pham at the helm of the institutional business.
The company, last valued at $7 billion in a 2023 funding round, has processed more than $1.1 trillion in crypto transactions and claims to have been profitable on an adjusted basis for three consecutive years.
The approval, granted to Kraken parent Payward, will let UAE clients trade via a locally regulated entity with dirham funding – once the preliminary licence converts to a full one.
