🚀 Alt Season: Fed Cuts, Crypto Surges, and Whales Go Wild! 🌊

What to know:

By Omkar Godbole (All times ET unless you’re living in a parallel universe)

The U.S. CPI report has dropped, and the market is as bullish as a bull in a china shop. Traders are frothing at the mouth, expecting the Fed to cut interest rates three times this year, starting next week. 🏦✂️

Bitcoin, that old reliable, is eyeing a new lifetime high, but let’s be honest, the real party is with the altcoins. XRP and SOL are the cool kids at the party, ready to outshine BTC and ETH like a supernova in a sea of fireflies. 🌟

“The bull market is far from exhausted,” says Ryan Lee, chief analyst at Bitget, probably while sipping a latte and staring at a Bloomberg terminal. “Strong public asset treasuries and Fed rate cuts are like rocket fuel for crypto. 🚀 Institutional inflows and regulatory clarity? Just icing on the cake.” 🍰

And if XRP and SOL spot ETFs get approved? Well, that’s like adding a turbocharger to a already souped-up sports car. 💨

Le Shi from Auros is also waving the flag for BNB and HYPE, which have hit all-time highs. “The [digital asset treasury] narrative is hotter than a supernova,” Shi said, probably while wearing a blockchain-themed tie. 🕶️

Meanwhile, Ethena’s ENA is the new kid on the block, ready to shine as the Fed cuts rates. 🌱

Polygon Labs is teaming up with Cypher Capital to expand institutional access to its native token, POL. “Institutional investors are hungry for yield-generating digital assets,” said Aishwary Gupta, probably while juggling spreadsheets and whitepapers. 📊

In other news, the U.S. 10-year Treasury note yield is dropping like a lead balloon, which is great news for markets. “We target 3.80%,” said the LondonCryptoClub founders on X, probably while sipping champagne. 🥂

Blockchain sleuth Lookonchain spotted whales buying HYPE, which has already gained over 5% in seven days. Whales: the original crypto influencers. 🐳

In traditional markets, the dollar index is just chilling, despite the Fed’s rate cut frenzy. Is the easing already priced in? Stay tuned, folks! 🎢

Token Events

Governance votes & calls
- Hyperliquid is voting on who issues its USDH stablecoin. Voting takes place Sept. 14. 🗳️
- Curve DAO is voting to update donation-enabled Twocrypto contracts. Voting ends Sept. 16. 📜
Unlocks
- Sept. 15: Starknet (STRK) unlocks 5.98% of its supply. That’s $17.09 million, folks! 💰
- Sept. 15: Sei unlocks 1.18% of its supply. A cool $18.06 million. 🤑
Token Launches
- Sept. 12: Unibase (UB) launches on Binance Alpha, MEXC, and others. 🚀

Token Talk

By Oliver Knight

One of Thorchain’s founders got hacked via a deepfake Zoom call. “Had an old metamask cleaned out,” JPThor wrote on X. Ouch. That’s like getting pickpocketed in the metaverse. 🕶️
Peckshield says $1.2 million was stolen, and ZachXBT links it to North Korean hackers. Thorchain: the Laundromat of choice for rogue states. 🧺
The RUNE token is down 90% since its March 2024 high. Oof. That’s a rough ride. 🎢

Derivatives Positioning

Open interest in top crypto futures is up 3%-5%. Traders are feeling risky like a teenager with a new driver’s license. 🏎️
Funding rates are positive but not frothy. Yet. 🍻
PENGU‘s OI hit a record high. That’s one hot token. 🔥
SKY and PYTH? Not so much. Bearish vibes all around. 🐻
CME’s BTC futures are finally seeing some action, while ETH OI is taking a nap. BTC: the comeback kid. 🦸♂️

Market Movements

BTC: +0.53% at $115,049.85. Steady as she goes. 🚢
ETH: +2.21% at $4,515.82. Not too shabby. 🌟
DXY: +0.22% at 97.75. Just hanging out. 🏖️

Gold: +0.23% at $3,682.20. Shiny! ✨
Nikkei 225: +0.89% at 44,768.12. Japan is on a roll. 🍣
S&P 500: +0.85% at 6,587.47. America, f yeah! 🇺🇸

Bitcoin Stats

BTC Dominance: 57.95%. Still the king. 👑
Hashrate: 1,046 EH/s. That’s a lot of computing power. 💻
BTC priced in gold: 31.6 oz. Because why not? 🏆

Technical Analysis

XRP is breaking out of its triangle pattern. Momentum chasers, assemble! 🦸♀️

Crypto Equities

Coinbase (COIN): +2.73% at $323.95. Brian Armstrong is smiling. 😊
Circle (CRCL): +17.6% at $133.7. USDC to the moon! 🚀

ETF Flows

Spot BTC ETFs

Daily net flow: $552.7 million. Cha-ching! 💸
Total BTC holdings: 1.30 million. That’s a lot of coins. 🪙

Chart of the Day

DOGE‘s circulating supply activity is at multimonth lows. HODLers are HODLing. 👐

2025-09-12 15:21