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.
The industry's biggest lobbying group backs Custodia Bank's petition arguing the Federal Reserve has no discretion to deny master accounts to eligible state-chartered banks — a question Kraken's own path around the same wall already shows has more than one answer
The regulator dismantled Australia's largest cash-to-Bitcoin network using powers it already had; the AML/CTF bill now before Parliament would let it do the same to the whole sector without waiting for a company to fail first.
Jeong Sang-ho gets the same sentence as Do Kwon, but on a fraction of the alleged victim count — after a court threw out evidence tied to the case's largest fraud allegation
The Aug. 19 gathering lands a day before a CFTC advisory panel takes up the same state-versus-federal jurisdiction fight now playing out in courtrooms in at least a dozen states.
