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Ethereum (ETH) temporarily recovered the 4600 dollar level. ETH is trading at 4606.86 dollars, up 3.96% from the previous day, based on the Binance Tether (USDT) market at 02:57 on the 13th.
On the 12th (local time), according to the economic breaking-news channel Walter Bloomberg, JPMorgan chief economist Michael Feroli (Michael Feroli) said he expects the Federal Reserve (Fed) to cut the policy rate by 25bp to 4.0~4.25% next week. He said that while some members may advocate a larger rate cut at this meeting, there would be no calls to keep rates unchanged. He also expected the dot plot (dot plot) to reflect one additional rate cut after 2025.
On the 12th (local time), on-chain analytics firm LookonChain said, "An individual investor who bought 2.5 billion PUMP for $10 million has started to realize profits." The investor deposited 250 million PUMP to Binance about 8 hours ago and still holds 2.25 billion PUMP. According to LookonChain, his current total profit is more than $5 million.
Bitcoin (BTC) temporarily gives up the $115,000 level. BTC is trading at $114,955.24 on the Binance Tether (USDT) market as of 00:31 on the 13th, up 0.45% from the previous day.
On the 12th (local time), according to economic breaking news channel Walter Bloomberg, Deutsche Bank expects the Federal Reserve (Fed) to cut its policy rate a total of three times this year. Originally Deutsche Bank had expected two cuts in September and December, but it added one more in this outlook. However, it did not mention the specific timing of the cuts.
The three major US stock indices are showing a mixed trend. The Nasdaq Composite Index is trading at 22,131.15 points, up 0.40% compared with the previous day as of 00:20 on the 13th. The Dow Jones Industrial Average is down 0.35% at 45,945.31 points, and the S&P 500 index is up 0.04% at 6,590.31 points.
U.S. asset managers LexShares and Osprey Funds' Dogecoin (DOGE) exchange-traded fund (ETF) launch schedule has been delayed. Bloomberg ETF analyst James Seyffart said on the 11th (local time) via X (formerly Twitter), "The Dogecoin ETF launch originally scheduled for September 12 has been pushed to next week," and "The launch date is likely to be Thursday (18th)."
The three major U.S. stock indexes closed higher. The Nasdaq Composite rose 0.72% from the previous day on the 12th to 22,043.08 points. The Dow Jones Industrial Average rose 1.36% to 46,107.79 points, and the S&P 500 rose 0.81% to 6,585.11 points.
On the 11th (local time), according to The Block, a crypto asset (cryptocurrency) specialized media, Mike Novogratz, CEO of Galaxy Digital, said in an interview with CNBC that he called this season the 'Solana (SOL) season' and that Solana is fast and optimized for financial markets. Novogratz analyzed that Solana and Ethereum (ETH) are engaging in healthy competition in the field of global financial infrastructure, and that multiple blockchains will be connected and coexist along with the development of applications. He also projected that Bitcoin (BTC) would rebound around the end of the year in line with interest rate cuts by the Federal Reserve (Fed).
On the 11th (local time), according to SolidIntel, the Arizona State Retirement System purchased an additional $2 million stake in MicroStrategy (MSTR). As a result, the Arizona State Retirement System's total holdings amount to 72,315 shares, currently valued at about $24 million.
On the 11th (local time), Bloomberg reported that the world's largest asset manager BlackRock is planning to pursue the tokenization of a Bitcoin (BTC) exchange-traded fund (ETF) based on the ETF's success. BlackRock aims to implement physical asset funds, including equity-linked funds, on-chain. Furthermore, it is reviewing the concept as a potential testbed to enable 24-hour ETF trading, increase global accessibility, and allow use as collateral within the crypto asset ecosystem. Although specific timelines or structures have not yet been disclosed, the industry expects this plan to further narrow the boundary between traditional financial products and the digital asset market. If tokenization materializes, investors are expected to be able to trade ETFs more efficiently and transparently on a blockchain.
On the 11th (local time), crypto-focused media Cointelegraph reported that the Etena (ENA) team withdrew from the competition for the issuance rights of USDH, a Hyperliquid (HYPE)-exclusive stablecoin. The bidding competition over USDH issuance rights is still ongoing, and according to the Polymarket prediction market, Native Markets is leading. This withdrawal has focused market attention on who will be decided as the future issuer of USDH.
On the 11th (local time), Cointelegraph, a virtual asset (cryptocurrency) specialized media, reported that Ethereum (ETH) could form a strong support level in the $4300~$4400 range if it falls further. According to the outlet, about 1.7 million ETH was absorbed into accumulation addresses at that price range, and the exchange average withdrawal price is also formed at the $4300 level. This could act as a key factor that can defend against short-term downward pressure. Pellin Ai, a crypto asset analyst, said, "Considering institutional demand and derivatives positions, ETH is likely to rise further," and "it could reach $6800 by the end of the year," he forecasted. As of 02:12 on the 12th, on the Binance Tether (USDT) market, ETH is trading at $4430.80, up 0.95% from the previous day.
James Seyffart, a Bloomberg ETF analyst, said on the 11th (local time) via X (formerly Twitter), "The Rex-Osprey Dogecoin (DOGE) exchange-traded fund (ETF) may launch tomorrow." He explained that the ETF adopts a C-Corp structure, unlike existing Bitcoin (BTC) and Ethereum (ETH) ETFs. Seyffart added, "It is a form rare in the ETF industry; it has pros and cons, but it could be a kind of workaround to get quicker approval from the Securities and Exchange Commission (SEC)."
On the 11th (local time), on-chain data analysis platform CryptoQuant reported, "Ethereum (ETH) is迎ing the strongest cycle in history."nCryptoQuant analyzed, "Institutional demand, staking, and on-chain activity are all nearing record highs," and said, "Ethereum is solidifying its role as an investment asset and a leading payment layer."nEthereum is trading at 4430.80 dollars, up 0.95% from the previous day, at 02:12 on the 12th on the Binance Tether (USDT) market.n
On the 11th (local time), on-chain analytics firm Lookonchain said, "Nasdaq-listed Forward Industries (FORD) bought 1,452,392 Solana (SOL) over 12 hours." The transaction size amounted to about 326 million dollars. According to Lookonchain, the purchase was executed by Galaxy Digital, and the amount was withdrawn from an exchange. Earlier, Forward Industries announced that it had completed a private placement of 1.65 billion dollars to buy Solana.
On the 11th (local time), according to crypto asset (cryptocurrency) specialist media CryptoBriefing, U.S. bitcoin (BTC) mining company Bit Digital (BTBT) placed a proposal to issue new shares to purchase Ethereum (ETH) on a shareholders' meeting agenda, but it was rejected due to lack of quorum. The next vote is scheduled for September 17. Bit Digital currently holds more than 100,000 ETH.
On the 11th (local time), according to crypto-focused media Cointelegraph, global crypto asset manager 21Shares plans to launch an exchange-traded product (ETP) for the decentralized derivatives exchange token dYdX. A 21Shares spokesperson said, "A staking feature will be added shortly after launch." The product will be listed under the DYDX ticker on Euronext Paris and Euronext Amsterdam.
The three major US stock indices are showing gains. The Nasdaq Composite is trading at 22,017.26 points, up 0.60% from the previous day, at 00:01 on the 12th. The Dow Jones Industrial Average is at 46,042.46 points, up 1.21%, and the S&P 500 is at 6,577.68 points, up 0.70%.
The three major U.S. stock indices closed mixed. On the 11th, the Nasdaq Composite rose 0.03% from the previous day to 21,886.06 points. The Dow Jones index closed down 0.48% at 45,490.92 points, and the S&P500 index closed up 0.31% at 6,533.06 points.
On the 10th (local time), according to crypto asset (cryptocurrency) specialist media CoinDesk, 39 validators on the Ethereum (ETH) network were mass slashed. Slashing is a mechanism in Proof-of-Stake (PoS) blockchains that punishes validators for rule violations or malicious actions. The validators that were slashed this time were operating staking infrastructure by distributing keys across multiple operators via the SSV network. SSV founder Alon Murokh said the incident was not due to a problem with the protocol itself, but was caused by operator infrastructure issues related to third-party staking providers that use SSV. One cluster was connected to the liquid staking provider Ankr.
On the 10th (local time), according to crypto-focused media Cointelegraph, StarkWare has developed Bitcoin (BTC) blockchain zero-knowledge (ZK) verification technology that can run on mobile devices. The technology reduces the size of the BTC ledger proof to just 1 megabyte (MB), allowing users to verify transactions within 100 milliseconds. It includes all BTC block headers from the genesis block to the present, but does not include the full blockchain record exceeding 680 gigabytes. BTC is trading at 113,484.69 dollars, up 2.10% from the previous day on the Binance Tether (USDT) market as of 03:36 on the 11th.
On the 10th (local time), according to the economic breaking news channel Walter Bloomberg, U.S. President Donald Trump submitted a request to the appeals court to secure the authority to remove Federal Reserve (Fed) board member Lisa Cook.
On the 10th (local time), according to on-chain analytics firm Santiment, wallets holding 1,000 or more Litecoin (LTC) bought an additional total of 181,000 LTC the previous day. Santiment analyzed, "Thanks to this accumulation, Litecoin recorded a higher rate of increase compared to other altcoins," and "Grayscale's exchange-traded fund (ETF) filing and MEI Pharma's strategic reserve announcement also acted as positive factors."
Bitcoin (BTC) briefly recovered to 114,000 dollars. BTC is trading at 114,051.67 dollars, up 2.71% from the previous day on the Binance Tether (USDT) market as of 02:18 on the 11th.
On the 10th (local time), according to cryptocurrency-focused media Bitcoin Magazine, the Bitcoin (BTC) network hashrate recorded an all-time high. BTC is trading at 113,984.77 dollars, down 2.59% from the previous day as of 02:13 on the 11th on the Binance Tether (USDT) market.
On the 10th (local time), according to WatcherGuru, a media outlet specializing in virtual assets (cryptocurrencies), Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), said, "will ensure that capital raising on-chain is possible."
Global investment bank (IB) JPMorgan said in its latest report that institutional adoption of crypto assets (cryptocurrencies) is still in its early stages but is gaining clear momentum. On the 10th (local time), according to crypto asset-focused media CoinDesk, the report said "Institutional interest has increased due to Bullish(Bullish)'s IPO and the passage of the stablecoin regulatory bill 'Genius Act (GENIUS Act)'" and "in particular, the fact that institutional open interest in crypto asset derivatives at the Chicago Mercantile Exchange (CME) reached an all-time high is representative," it reported. It added, "Institutions hold about one-quarter of Bitcoin (BTC) exchange-traded funds (ETFs), and an EY survey also found that about 85% of companies had already invested in crypto assets or plan to invest by 2025."
On the 10th (local time), according to crypto-focused media The Block, hardware wallet maker Ledger launched an iOS application exclusively for corporate customers and added support for the Tron (TRX) network. A Ledger representative explained, "Tron is a network particularly optimized for cross-border stablecoin transfers across Asia and emerging markets."
On the 10th (local time), according to CoinDesk, a crypto-focused media outlet, Jonathan Gould, the new head of the U.S. Office of the Comptroller of the Currency (OCC), said at a CoinDesk event that he is making resolving debanking issues in the crypto industry his top priority. Gould said that as early work after taking office he has focused on resolving bank debanking issues, repealing licensing requirements that are anti-crypto in nature, and preparing new stablecoin regulations. He emphasized, "Debanking is a problem that is actually occurring," and added, "The era in which the OCC hesitated to allow banks to participate in crypto business is over."