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Trump Tariffs, U.S. GDP Rattle Markets, ETFs Bleed $500M: Crypto Daybook Americas

by admin September 27, 2025

By Omkar Godbole (All times ET unless indicated otherwise)

It’s not been a happy 24 hours for crypto bulls, with the CoinDesk 20 Index dropping 5% and market leaders BTC$109,615.08 and ETH$4,016.39 falling nearly 2%.

Major altcoins such as XRP, BNB and SOL lost even more, and ASTR, the native token of Aster DEX, which recently flipped Hyperliquid in 24-hour volume, fell 4% as the decentralized exchange saw abnormal price movements in the XPL-USDT perpetual trading pair. Still, a few coins, including MNT, CRO, KAS, OKB and XMR, managed gains of around 1%.

The downturn coincides with a stronger dollar, pushed higher by Thursday’s U.S. GDP and jobless claims data. Meanwhile, market flow dynamics turned bearish.

“ETF behavior changed from a primary absorber of supply to a net seller this week,” analysts at BRN told CoinDesk. “Yesterday, Bitcoin ETFs posted $258 million of outflows while Ethereum ETFs recorded $251 million of outflows, marking four straight days of red for ETH funds.”

Whales have also become net sellers, offloading 147,000 BTC since Aug. 21, the most since the bull cycle began in early 2023, according to CryptoQuant.

Analysts at Bitunix exchange warned that President Donald Trump’s tariff announcements on Thursday have increased market uncertainty, with sentiment oscillating between “rising inflation” and “slowing growth.”

Trump announced tariffs of as much as 100% on trucks, furniture and pharmaceuticals, effective Oct. 1.

The Fed’s preferred inflation gauge, the core personal consumption expenditure, is due later today. The report is projected to show a 2.9% year-over-year rise in August, matching July. Month-on-month, it’s forecast to have increased 0.2%, slightly below July’s 0.3%, according to FactSet. A softer-than-expected print could temper the dollar’s rally, putting a floor under bitcoin and the wider crypto market.

Traders should remain vigilant about regulatory developments related to digital asset treasuries. A WSJ report on Thursday cited U.S. regulators’ concerns about unusual trading volumes and stock price volatility in over 200 companies linked to crypto treasury strategies. Regulatory pressure on these treasuries, or DATs, could accelerate market sell-offs.

Additionally, geopolitical developments warrant attention, as reports are circulating about Russia’s aerial incursions in Europe. WTI crude oil is already up 4% for the week, the most since June. Stay alert!

What to Watch

Crypto
Macro
- Sept. 26, 8:30 a.m.: Canada July GDP MoM Est. 0.1%.
- Sept. 26, 8:30 a.m.: U.S. August headline PCE Price Index YoY Est. 2.7%, MoM Est. 0.3%; core YoY Est. 2.9%, core MoM Est. 0.2%.
- Sept. 26, 10 a.m.: (Final) September Michigan Consumer Sentiment Est. 55.4.
- Sept. 26, 1 p.m.: Fed Vice Chair for Supervision Michelle Bowman speech on “Approach to Monetary Policy Decision-Making.”
Earnings (Estimates based on FactSet data)

Token Events

Governance votes & calls
Unlocks
- Sept, 28: JUP$0.4435 to unlock 1.75% of its circulating supply worth $28.89 million.
Token Launches
- Sept. 26: Hana Network (HANA) to be listed on Binance Alpha, KuCoin, MEXC, BingX, and others.
- Sept. 26: Mira (MIRA) to be listed on Binance Alpha, KuCoin, and others.

Conferences

Token Talk

By Francisco Rodrigues

Plasma, a new blockchain purpose-built for stablecoins, launched its mainnet beta and native token XPL on Thursday, debuting with a fully diluted valuation that’s now above $12 billion.
The layer-1 network, backed by Bitfinex, Bybit, Tether CEO Paolo Ardoino and tech billionaire Peter Thiel, entered the market with over $2 billion worth of XPL tokens in circulation.
Built for high-speed, low-fee stablecoin operations, Plasma aims to serve as the back end for a new class of DeFi applications. At launch, liquidity was already deployed across major platforms including Aave, Ethereum, Euler and Fluid.
These include Plasma One, which is billed as a “stablecoin-native neobank.”
Some tokens sold to U.S. investors are locked until mid-2026 due to regulatory restrictions, which may lower the effective float in early trading.

Derivatives Positioning

Most major tokens, including BTC and ETH continued to experience capital outflows from futures market, leading to a decline in the notional open interest (OI).
That’s only to be expected as the market soon shakes out overleveraged bets.
Notably, the BTC and ETH OI have continued to decline in the past couple of hours, raising questions about the sustainability of the minor price recovery.
Smaller coins like KAS and KCS have seen a moderate increase in OI in the past 24 hours.
Volume in crypto perpetuals listed on Aster DEX has surged to over $46 billion in the past 24 hours, significantly higher than Hyperliquid’s $17 billion.
On the CME, BTC futures OI has almost reversed the early September spike from 134K BTC to 149K BTC, representing renewed capital outflows. On the other hand, OI in options continues to rise, approaching the November 2024 high of 56.19K BTC.
Positioning in ETH futures and options remains elevated on Deribit, with an annualized three-month basis at 7%, a significantly lower yield than SOL’s 15%.
BTC, ETH options risk reversals continue to lean bearish out to the December expiry, data from Deribit show. In SOL and XRP’s case, pricing is biased bullish for the year-end expiry.

Market Movements

BTC is up 0.4% from 4 p.m. ET Thursday at $109,669.81 (24hrs: -2.17%)
ETH is up 0.74% at $3,916.83 (24hrs: -3.12%)
CoinDesk 20 is up 0.18% at 3,820.89 (24hrs: -3.25%)
Ether CESR Composite Staking Rate is unchanged at 2.9%
BTC funding rate is at 0.0049% (5.4082% annualized) on Binance

DXY is down 0.19% at 98.37
Gold futures are up 0.21% at $3,778.90
Silver futures are up 0.56% at $45.37
Nikkei 225 closed down 0.87% at 45,354.99
Hang Seng closed down 1.35% at 26,128.20
FTSE is up 0.37% at 9,247.82
Euro Stoxx 50 is up 0.38% at 5,465.79
DJIA closed on Thursday down 0.38% at 45,947.32
S&P 500 closed down 0.5% at 6,604.72
Nasdaq Composite closed down 0.50% at 22,384.70
S&P/TSX Composite closed unchanged at 29,731.98
S&P 40 Latin America closed down 1.12% at 2,908.21
U.S. 10-Year Treasury rate is up 0.3 bps at 4.177%
E-mini S&P 500 futures are unchanged at 6,664.75
E-mini Nasdaq-100 futures are unchanged at 24,614.25
E-mini Dow Jones Industrial Average Index are up 0.19% at 46,355.00

Bitcoin Stats

BTC Dominance: 59.06% (-0.03%)
Ether-bitcoin ratio: 0.03573 (0.52%)
Hashrate (seven-day moving average): 1,083 EH/s
Hashprice (spot): $48.79
Total Fees: 3.27 BTC / $364,469
CME Futures Open Interest: 134,940 BTC
BTC priced in gold: 29.2 oz
BTC vs gold market cap: 8.24%

Technical Analysis

XRP’s weekly chart. (TradingView/CoinDesk)

XRP is dropping fast toward the key $2.65-$2.70 price level identified by the swing high from May and intraday lows in August and earlier this month.
A break below would mark a significant weakening of buying demand, potentially yielding a slide toward $2.00.

Crypto Equities

Coinbase Global (COIN): closed on Thursday at $306.69 (-4.69%), -0.1% at $306.39 in pre-market
Circle Internet (CRCL): closed at $124.66 (-5.26%), +0.28% at $125.01
Galaxy Digital (GLXY): closed at $32.12 (-6.34%), -1.26% at $31.71
Bullish (BLSH): closed at $61.83 (-8.52%), +0.36% at $62.05
MARA Holdings (MARA): closed at $16.07 (-8.9%), +0.62% at $16.17
Riot Platforms (RIOT): closed at $16.74 (-6.95%), +2.69% at $17.19
Core Scientific (CORZ): closed at $16.84 (-1%), -0.77% at $16.71
CleanSpark (CLSK): closed at $13.68 (-5.33%), -4.02% at $13.13
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $42.16 (-6.31%), -1.4% at $41.57
Exodus Movement (EXOD): closed at $28.9 (-9.69%)

Crypto Treasury Companies

Strategy (MSTR): closed at $300.7 (-6.99%), +0.31% at $301.62
Semler Scientific (SMLR): closed at $30.21 (-4.46%), +1.66% at $30.71
SharpLink Gaming (SBET): closed at $16.31 (-7.22%), -0.98% at $16.15
Upexi (UPXI): closed at $5.28 (-14.29%), -0.38% at $5.26
Lite Strategy (LITS): closed at $2.54 (-5.93%), +1.97% at $2.59

ETF Flows

Spot BTC ETFs

Daily net flows: -$253.4 million
Cumulative net flows: $57.2 billion
Total BTC holdings ~1.32 million

Spot ETH ETFs

Daily net flows: -$251.2 million
Cumulative net flows: $13.39 billion
Total ETH holdings ~6.57 million

Source: Farside Investors

While You Were Sleeping

Near $30M Ether Wipeout on Hyperliquid Stands Out as Crypto Market Sees $1B in Liquidation (CoinDesk): Nearly $1.2 billion in leveraged bets vanished as over-leveraged longs dominated losses, exposing overcrowded bullish positioning and rising risks on decentralized perpetual exchanges.
Key Indicators to Watch in Q4: Bitcoin Seasonal Trends, XRP/BTC, Dollar Index, Nvidia, and More (CoinDesk): Seasonal data show strong fourth-quarter tailwinds for BTC and ETH, while signals from XRP, the dollar index and Nvidia highlight technical and macro risks for traders.
Trump to Slap New Tariffs on Pharma, Big Trucks (The Wall Street Journal): The president announced Oct. 1 tariffs on imported branded drugs, heavy trucks and home goods, drawing warnings from U.S. pharmaceutical companies that higher costs could undermine domestic manufacturing and research.
Will China’s Digital Yuan Centre Be a Step Forward for Internationalisation? (South China Morning Post): On Thursday, the People’s Bank of China opened a Shanghai operations center and unveiled three platforms to expand e-CNY’s cross-border role, underlining Beijing’s bid to reduce China’s reliance on the U.S. dollar.
Curve Finance Founder Michael Egorov Launches Bitcoin Yield Protocol (CoinDesk): Yield Basis, a decentralized automated market maker (AMM) protocol backed by $5 million, debuts with capped pools and veTokenomics to remove impermanent loss and open sustainable bitcoin yield.

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September 27, 2025 0 comments

GameFi Guides

Dubai Royal-Backed Fund MGX Buys 15% of TikTok U.S. Business in Major Stake Deal: Report

by admin September 27, 2025

MGX, a fund backed by Dubai’s ruling family, will take a 15% stake in TikTok’s U.S. business as part of a restructuring meant to increase American control of the popular video app, the Washington Post reported Friday.

The investment, led by Sheikh Tahnoon bin Zayed Al Nahyan, brings MGX into a partnership with Oracle, the database giant co-founded by Larry Ellison. Together, the two will hold roughly 45% of TikTok’s U.S. entity. With other U.S. investors involved, American companies are expected to own more than 65% of the business.

TikTok’s Chinese parent, ByteDance, will remain a significant shareholder, keeping a 19.9% stake in the U.S. arm, according to the Guardian. That arrangement appears designed to ease concerns in Washington, where President Trump has repeatedly pressed for tighter scrutiny of the app’s ownership and data practices.

MGX’s role in the deal adds another layer of intrigue. Earlier this year, the fund bought $2 billion worth of USD1, a stablecoin launched by Donald Trump’s World Liberty Financial. The token is backed by U.S. Treasuries, cash and equivalents, and is pitched as a way for people to access financial services without banks. MGX has already deployed USD1 in its investment in crypto exchange Binance, signaling its willingness to use the stablecoin in large-scale deals.

For MGX, the TikTok stake provides a high-profile foothold in the U.S. social media market, where the platform’s influence over culture and advertising continues to expand.

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September 27, 2025 0 comments

Esports

Will Tessmann leapfrog McKennie, Musah to start World Cup for U.S.?

by admin September 25, 2025

Jeff CarlisleSep 25, 2025, 10:05 AM ET
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The European club season has been in full swing for over a month now, giving those U.S. men’s national team players plying their trade overseas the chance to establish themselves. Some have gotten off to uneven starts, with the opening round of UEFA Champions League fixtures proving to be especially difficult. Others have hit the ground running. Those in MLS have been in rhythm for a while now.

Then there’s Christian Pulisic, who has been leading the U.S. charge in Europe for nine years now and already has five goals in all competitions this season. Fortunately for the USMNT, Pulisic is one of several players who have been hitting their stride in recent weeks.

Throughout the season, ESPN will be monitoring the progress of the U.S. player pool, delivering insights into those whose form or fitness has made them particularly intriguing. We call it the USMNT’s countdown to the World Cup.

ESPN will count down to June 11 every week so that way, when the U.S. team is announced for this highly anticipated World Cup on home soil, no names on that 26-man roster will come as a surprise.

Only 260 days to go.

– Rae: Will Gladbach instability be a blessing or a curse for Reyna?
– USMNT 2026 World Cup Big Board 2.0: Balogun, Zendejas rise
– Carlisle: Zendejas’ starring role has come at the right time for USMNT

2025-26 minutes: 450
2025-26 FotMob rating: 7.5

Tessmann proving he deserves to start in midfield

Tessmann had already enjoyed a solid start to the season, but last weekend he kicked his campaign into overdrive, scoring the lone goal in Lyon’s 1-0 victory over Angers, a result that put the club in a tie atop the Ligue 1 table, behind AS Monaco and Paris Saint-Germain on goal differential. Not bad for a team that was threatened with relegation due to financial irregularities before the start of the season.

As for Tessmann, the question remains: Will these performances be enough to get him back in the U.S. squad? He hasn’t been called up since the Concacaf Nations League in March. To be clear, they should be, but the mind of U.S. manager Mauricio Pochettino works in mysterious ways. At minimum, Tessmann should be in contention to provide cover for Tyler Adams, or even crack the starting lineup.

2025-26 minutes: 264
2025-26 FotMob rating: 7.1

USMNT could do with a dose of Tillman’s perseverance

Credit Tillman for showing a strong mentality, bouncing back from a dreadful match in midweek against F.C. København in the Champions League to deliver a man of the match performance against Borussia Mönchengladbach in which he scored his second league goal of the season. A tactical tweak from manager Kasper Hjulmand might have helped.

Against Copenhagen, Tillman was operating as one of the dual No. 10s and struggled mightily to get on the ball. Against Gladbach, he was deployed deeper in midfield and had a much stronger impact on the game, even beyond his 70th-minute goal. Hjulmand afterward continued to preach patience, as Tillman is one of many new arrivals to the squad, but the player’s ability to shake off a poor performance will serve him well for both club and country.

Christian Pulisic | Attacker | AC Milan

2025-26 minutes: 286
2025-26 FotMob rating: 7.9

Italy can’t stop Pulisic

This was an impressive week for Pulisic, even by his lofty standards. After scoring two goals and helping set the table for a third in last weekend’s 3-0 win over Udinese, Pulisic maintained his fine form by scoring the final goal — on the half-volley, no less — in a 3-0 Coppa Italia win over Lecce.

There’s not much more to be said about Pulisic that hasn’t been already. He remains the USMNT’s most important attacking player, and he now holds the mark for most goals by an American in Europe’s top five leagues with 59. As long as he can stay healthy, he’s a lock to be in the U.S. lineup.

Tanner Tessmann’s form for Lyon this season should have him in the conversation to start in the USMNT midfield at next summer’s World Cup. Neal Simpson/Sportsphoto/Allstar via Getty Images

He’ll try to keep the momentum going in this weekend’s momentous clash with top-of-the table Napoli.

The in-form XI

When Pochettino switched to a three-man back line during the September international window, it was a move that didn’t appear to benefit Gladbach’s Joe Scally. The wing back position favors the mobility and attacking instincts demonstrated by the likes of Sergiño Dest and Alex Freeman over the defending of Scally, but then Gladbach interim manager Eugen Polanski trotted out a 3-4-3 with Scally as the right wing back, and the American delivered an impressive performance.

Scally showed an ability to get forward that was unexpected given that he recorded no goals and no assists this past season — his xG of 0.26 is already on its way to eclipsing last year’s 0.38. Granted, who knows what formation the permanent Gladbach coach will prefer once he’s hired, but the performance should help keep Scally in the lineup.

Given his performance last weekend, why isn’t he in this week’s in-form XI? It’s a fair question, especially when you consider Dest conceded a penalty that was converted in PSV Eindhoven’s 2-2 draw with Ajax. Combined with some defensively shaky moments during the September international window, it’s worth weighing whether Dest is enough of a defensive liability that he loses his spot in the starting lineup. That said, Dest’s value in attack is still high enough given his ability to deliver the unexpected, though Scally has given Pochettino something to think about in terms of who his starting wing backs should be.

Meanwhile, the relative stock of the U.S. corps of forwards continues to go through some wild swings in form. Folarin Balogun looked to have gained some separation from the chasing pack after a great performance against Japan, but that was before his tepid effort in a 4-1 Champions League defeat to Club Brugge landed him on the bench for last week’s league encounter against Metz. Even worse for Balogun, his replacement, Mika Biereth, scored the opener in a 5-2 win, while Ansu Fati scored two off the bench and George Ilenikhena also got on the score sheet.

The silver lining for Balogun is that no other U.S. center forwards scored last weekend, although Ricardo Pepi’s selfless run to the near post allowed Ismael Saibari to score PSV’s first, so he’ll remain the starter in this week’s lineup. Also, Balogun’s skill set is unique within the USMNT player pool, given his ability to make runs in behind the opposition defense, and this should mean his spot in the U.S. squad is still secure. He’ll need to work his way back into the Monaco lineup, though, and this week’s match at Lorient will reveal the extent to which his spot in the club hierarchy has fallen.

Big Board 2.0 update

ESPN’s USMNT Big Board 2.0 went live earlier this month, and each Big Board will provide the foundation for weekly player updates. Below are the minutes and player ratings for each of those 37 players.

Matt Turner, goalkeeper, New England Revolution: 630 minutes in 2025; 7.1 FotMob rating in 2025.

Matt Freese goalkeeper, New York City FC: 2,790 minutes in 2025; 7.1 FotMob rating in 2025.

Zack Steffen, goalkeeper, Colorado Rapids: 2,160 minutes in 2025; 6.9 FotMob rating in 2025.

Patrick Schulte, goalkeeper, Columbus Crew: 2,430 minutes in 2025; 6.8 FotMob rating in 2025.

Chris Richards, center back, Crystal Palace: 659 minutes in 2025-26; 7.4 FotMob rating in 2025-26.

Richards continues to deliver for Palace, completing 86.7% of his passes and winning 87.5% of his duels in a 2-1 win over West Ham United.

Tim Ream, center back, Charlotte FC: 2,147 minutes in 2025; 6.7 FotMob rating in 2025.

Mark McKenzie, center back, Toulouse: 450 minutes in 2025-26; 6.6 FotMob rating in 2025-26.

Cameron Carter-Vickers, center back, Celtic: 750 minutes in 2025-26; 7.5 FotMob rating in 2025-26.

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Miles Robinson, center back, FC Cincinnati: 2,438 minutes in 2025; 6.9 FotMob rating in 2025.

Auston Trusty, center back, Celtic: 152 minutes in 2025-26; 6.4 FotMob rating in 2025-26.

Tristan Blackmon, center back, Vancouver Whitecaps: 2,962 minutes in 2025; 7.2 FotMob rating in 2025.

Sergiño Dest, fullback, PSV Eindhoven: 691 minutes in 2025-26; 7.5 FotMob rating in 2025-26.

Antonee Robinson, fullback, Fulham: 141 minutes in 2025-26; 6.8 FotMob rating in 2025-26.

Robinson’s recovery from offseason knee surgery took way longer than expected, but he finally played a full 90 minutes for the Cottagers in Tuesday’s Carabao Cup victory over fourth-tier side Cambridge United. Now let’s see if he can reclaim his spot in league play.

Joe Scally, fullback, Borussia Mönchengladbach: 355 minutes in 2025-26; 7.2 FotMob rating in 2025-26.

Caleb Wiley, fullback, Watford: 18 minutes in 2025-26; 6.2 FotMob rating in 2025-26.

Max Arfsten, fullback, Columbus Crew: 2,682 minutes in 2025; 7.5 FotMob rating in 2025.

Alex Freeman, fullback, Orlando City SC: 2,802 minutes in 2025; 7.5 FotMob rating in 2025.

Tyler Adams, midfielder, AFC Bournemouth: 464 minutes in 2025-26; 7.1 FotMob rating in 2025-26.

Tyler Adams has been ever present in Bournemouth’s midfield this season, remaining healthy and playing at a high level for the fourth-place Cherries. Nigel French/Sportsphoto/Allstar via Getty Images

Weston McKennie, midfielder, Juventus: 141 minutes in 2025-26; 6.7 FotMob rating in 2025-26.

Johnny Cardoso, midfielder, Atlético Madrid: 185 minutes in 2025-26; 6.8 FotMob rating in 2025-26.

Cardoso has been dealing with an ankle injury, hence his omission from the game-day roster in last weekend’s 1-1 draw with Mallorca.

Luca de la Torre, midfielder, San Diego FC: 2,299 minutes in 2025; 6.8 FotMob rating in 2025.

Tanner Tessmann, midfielder, Lyon: 450 minutes in 2025-26; 7.5 FotMob rating in 2025-26.

Yunus Musah, midfielder, Atalanta: 206 minutes in 2025-26; 6.5 FotMob rating in 2025-26.

Sebastian Berhalter, midfielder, Vancouver Whitecaps: 2,906 minutes in 2025; 7.6 FotMob rating in 2025.

Cristian Roldan, midfielder, Seattle Sounders FC: 3,425 minutes in 2025; 7.4 FotMob rating in 2025.

Christian Pulisic, attacker, AC Milan: 286 minutes in 2025-26; 7.9 FotMob rating in 2025-26.

Tim Weah, attacker, Marseille: 397 minutes in 2025-26; 7.0 FotMob rating in 2025-26.

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Weah has been Marseille’s Mr. Fixit, lining up as a right wing back in OM’s 1-0 win over previously unbeaten PSG. Will that help him or hurt him when the next USMNT camp opens? Either way, his versatility remains impressive.

Malik Tillman, attacker, Bayer Leverkusen: 264 minutes in 2025-26; 7.1 FotMob rating in 2025-26.

Diego Luna, attacker, Real Salt Lake: 2,255 minutes in 2025; 7.2 FotMob rating in 2025.

Alejandro Zendejas, attacker, América: 777 minutes in 2025-26; 7.4 FotMob rating in 2025-26.

Gio Reyna, attacker, Borussia Mönchengladbach: 84 minutes in 2025-26; 6.7 FotMob rating in 2025-26.

Folarin Balogun, forward, AS Monaco: 306 minutes in 2025-26; 6.9 FotMob rating in 2025-26.

Ricardo Pepi, forward, PSV Eindhoven: 306 minutes in 2025-26; 7.0 FotMob rating in 2025-26.

Josh Sargent, forward, Norwich City: 581 minutes in 2025-26; 7.5 FotMob rating in 2025-26.

Patrick Agyemang, forward, Derby County: 66 minutes in 2025-26; 6.9 FotMob rating in 2025-26.

Haji Wright, forward, Coventry City: 542 minutes in 2025-26; 7.5 FotMob rating in 2025-26.

Damion Downs, forward, Southampton: 271 minutes in 2025-26; 6.3 FotMob rating in 2025-26.

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September 25, 2025 0 comments

GameFi Guides

Stocks slide after lower than expected U.S. jobless claims

by admin September 25, 2025

Wall Street showed subdued action as major gauges opened lower after investors reacted to jobs data showing U.S. jobless claims fell to 218,000.

Summary

Dow Jones slid 120 points while Nasdaq fell 1.15% to lead losses across the major U.S. indexes.
The S&P 500 also dropped 0.68% in early trading to see Wall Street risk a third straight day of negative closes.
Stocks were wobbly after the U.S. jobless claims data showed initial filings for unemployment insurance dropped to 218,000.

After shedding gains in consecutive sessions, U.S. stocks looked shaky in early trading on Thursday.

The Dow Jones Industrial Average shed more than 120 points, while the S&P 500 and Nasdaq slipped 0.68% and 1.15%, respectively. Oracle and Nvidia retreated, and an uptick in yields catalyzed selling across tech stocks, pulling the tech-heavy Nasdaq Composite down.

This came after Wall Street saw the major indexes record negative closes on Tuesday and Wednesday, capping the recent spike that had stocks trading at all-time highs. Bitcoin (BTC) also struggled as prices fell to near $111,000.

Despite the back-to-back losses, investors maintained a bullish mood, with analysts noting the market may not conform to historical paradigms around fundamentals and elevated asset prices.

U.S. jobless claims fall

The shaky market materialized as investors reacted to the latest data on initial jobless claims for the week ending September 20.

According to a Labor Department report, first-time filings for unemployment insurance hit a seasonally adjusted 218,000, a decline of 14,000 from the prior week’s figure of 232,000 and below the consensus estimate of 235,000.

Beyond jobless claims, other reports on Thursday painted a solid economic outlook. U.S. real gross domestic product grew 3.8% in the second quarter, up from 3.3%. Meanwhile, core personal consumption expenditures increased 2.6%, slightly above the expected 2.5%. Home sales soared 20.5% in August, the biggest spike since January 2022.

Friday’s release of the Personal Consumption Expenditures index for August is now key to the market’s bet on the Federal Reserve’s move. PCE is the Fed’s preferred inflation gauge and analysts expect details signalling easing price pressures.

Overall, markets anticipate the Fed will lower interest rates again at its next two meetings scheduled for October and December.

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September 25, 2025 0 comments

NFT Gaming

Ether (ETH) Dips Below $4K, BTC, XRP Slide as U.S. Government Shutdown Risks Mount

by admin September 25, 2025

ETH$4 009,26 led major cryptocurrencies lower during Thursday’s Asian trading hours, as odds of a U.S. government shutdown hit record highs on the decentralized betting platform Polymarket.

The price of Yes-side shares for the betting contract “U.S. government shutdown in 2025?” rose to 77%, the highest since the contract’s launch in January. Traders are essentially pricing a 77% probability that the U.S. Office of Personnel Management will announce a shutdown due to a lapse in appropriations by Dec. 31. Meanwhile, the likelihood of a shutdown by Oct. 1 stood at 63%.

According to media reports, the White House is preparing for large-scale job cuts in the event of a shutdown. On Wednesday, the Office of Management and Budget issued a memo asking agencies to prepare plans for staff reductions and furloughs if a spending bill is not passed next week.

The government is reportedly expected to run out of money by the end of September. To prevent the resulting shutdown, Congress must either approve a short-term funding measure, known as a continuing resolution, or pass 12 full-year funding bills. Since lawmakers won’t finish the full-year bills before the deadline, a temporary funding stopgap is needed.

More importantly, to reach the 60-vote threshold needed to pass funding bills, support from both parties is usually necessary.

BTC, ETH under pressure

Ether fell over 3% in Asia, almost testing $4,000 for the first time Aug. 8, with BTC$111 642,89 falling over 1% to under $112,000. Other major tokens such as XRP$2,8586, SOL$204,35 and DOGE$0.2340 fell by 2.6% to 3%. Solana’s SOL appeared set to break below $200.

The CoinDesk 20 Index was down 2% at 3,940 points. Meanwhile, futures tied to the S&P 500 and Nasdaq, traded flat to positive.

Although the exact cause of the cautious crypto market sentiment was not clear at the time of writing, growing concerns about a potential government shutdown may have contributed to the risk-averse mood among investors.

Furthermore, overnight comments from San Francisco Fed President Mary Daly reiterated her support for further rate cuts, but declined to provide a timeline, instead stressing data dependence, which may have hurt sentiment.

The Fed cut rates by 25 basis points on Sept. 17 while hinting at two more rate cuts by the year’s end. Since then, policymakers, including Chairman Jerome Powell, have signaled a cautious approach to future rate cuts.

Seven Fed officials, including the New York Fed’s Williams, are scheduled to speak on Thursday. Meanwhile, traders are awaiting Friday’s PCE data, the Fed’s preferred measure of inflation.

“If inflation pressures appear contained, markets may interpret this as room for further Fed cuts, providing liquidity tailwinds into Q4. That could be the catalyst for BTC to attempt a long-anticipated breakout,” the market insights team at Singapore-based QCP Capital said.

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September 25, 2025 0 comments

Paul Atkins has been confirmed by the Senate to take over the Securities and Exchange Commission as chairman. (Senate Banking Committee)

NFT Gaming

U.S. CFTC Moves Toward Getting Stablecoins Involved in Tokenized Collateral Push

by admin September 23, 2025

The U.S. Commodity Futures Trading Commission is starting an initiative to allow stablecoins as tokenized collateral to satisfy margin needs in the vast derivatives market, inviting input from the industry on how to bring such a policy online.

In the latest move toward crypto inclusion in the U.S. financial sector, the acting chief of the CFTC, Caroline Pham, continues to advance policy in the absence of President Donald Trump’s current nominee to be the chairman, former Commissioner Brian Quintenz. As the confirmation process for Quintenz remains mired in delays and some open conflict, Pham has been regularly announcing initiatives as part of a “crypto sprint” and working with Securities and Exchange Commission Chairman Paul Atkins.

“For years I have said that collateral management is the ‘killer app’ for stablecoins in markets,” Pham said in a Tuesday statement. “I’m excited to announce the launch of this initiative to work closely with stakeholders to enable the use of tokenized collateral including stablecoins.”

Pham had been pushing since last year for a so-called regulatory sandbox for tokenization, when she served as a commissioner during the previous administration, and when she took over as acting chairman, she announced the pursuit of a pilot program on stablecoin-backed tokenization.

Stablecoins, newly regulated under the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act, are the dollar-based tokens that are key to the plumbing of crypto markets and smart-contract-driven digital finance. In an agency press release that also rounded up comments from Circle, Coinbase and Ripple executives, the CFTC said it’ll take written ideas until October 20.

The recent President’s Working Group report on crypto policy called on the CFTC to “provide guidance on the adoption of tokenized non-cash collateral as regulatory margin.”

According to Pham, “these market improvements will unleash U.S. economic growth because market participants can put their dollars to work smarter and go further.”

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September 23, 2025 0 comments

Crypto Trends

U.S., U.K. Form Task Force to Align on Crypto and Capital Markets

by admin September 22, 2025

The U.S. and U.K. have established a joint Transatlantic Taskforce aimed at strengthening cooperation on capital markets and digital assets.

The task force, announced on Sep. 22 by U.K. Chancellor of the Exchequer Rachel Reeves and U.S. Treasury Secretary Scott Bessent, will bring together officials from HM Treasury, the U.S. Treasury and market regulators across both jurisdictions.

Two of the goals of the task force is to develop approaches to digital asset oversight and explore new opportunities in wholesale digital markets.

The group will report within 180 days through the existing U.K.–U.S. Financial Regulatory Working Group, delivering recommendations shaped in close consultation with private industry, the release said.

“London and New York remain the twin pillars of global finance,” Reeves said, adding that closer alignment is essential as technology reshapes markets. Bessent echoed that sentiment during a Downing Street roundtable, calling the initiative a commitment to ensuring innovation in financial markets “does not stop at borders.”

Crypto at the forefront

While the task force’s remit spans traditional capital markets, digital assets are expected to take center stage.

Officials will look at both short-term measures, such as facilitating cross-border use cases while legislation remains in flux, and long-term strategies for advancing wholesale digital market infrastructure.

“With the creation of a joint U.K.-U.S. task force on capital markets and digital assets, we can expect meaningful developments on both sides of the Atlantic,” Mark Aruliah, head of EMEA policy and regulatory affairs at Elliptic, said in an email.

While noting that the U.S. has “set the pace with a pro-innovation agenda,” Aruliah suggested the task force “signals a strong intent to close that gap and position the U.K. more competitively.”

More broadly, the firm described the collaboration as a validation of the digital assets industry itself: “Structured collaboration of this kind will strengthen a shared commitment to higher standards of transparency and accountability, and may establish a global benchmark if other jurisdictions follow suit.”

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September 22, 2025 0 comments

Esports

Sha’Carri Richardson, Noah Lyles help U.S. sweep 4×100 relays

by admin September 21, 2025

Sep 21, 2025, 08:55 AM ET

TOKYO — Sha’Carri Richardson saved the day in her relay.

Noah Lyles and Sydney McLaughlin-Levrone put exclamation points on theirs.

The best in the U.S. splashed through the rainy relays Sunday in Tokyo to capture three gold medals and close out world championships on a night when track also bid a hug-filled farewell to Jamaica’s sprint legend, Shelly-Ann Fraser-Pryce.

“I felt like I ran with my heart because of the ladies I’m standing with,” Richardson said, as she celebrated her first gold medal of a championships that was far from perfect. “I feel really good. It came back. I’m ready to start all over again.”

It has been a tough, injury-tainted year for Richardson, who finished fifth last weekend in the women’s 100. Even so, the U.S. put her on the anchor leg for the 4×100 relay — same place she has been for gold medal performances the last two years — and she didn’t disappoint.

The U.S. won gold medals in both the women’s and men’s 4×100 relays to close out the world championships in Tokyo. Mustafa Yalcin/Anadolu via Getty Images

But unlike last year at the Olympics, when she gave the side-eye to the opponents she passed, then stomped her foot for emphasis at the finish line, she had to run hard all the way through in this one.

Richardson was actually trailing by 0.01 when she received the baton from Kayla White. It took a few steps for her to build a lead of her own, and she held off Jonielle Smith down the stretch and leaned in for the win in 41.75 seconds.

It was a 0.04-second margin, and the difference might have been a slight hiccup in an exchange between Jamaican twins Tia and Tina Clayton. The U.S. had none of those problems.

A full-circle moment for Jefferson-Wooden, Fraser-Pryce

In a couple of near-perfect, full-circle moments, it was Richardson’s comeback that turned Melissa Jefferson-Wooden, who ran the lead leg, into the first three-time sprint winner at worlds — 100, 200 and relay — since Fraser-Pryce did it in 2013.

It also left the Jamaican they call the “Mommy Rocket” with silver, the same color she won in her debut at worlds, back in 2007 in Osaka when she was 17 and earned a spot on the foursome that ran the qualifying round.

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“No emotions right now,” Fraser-Pryce said. “Just grateful to be able to finish this race. It’s been such a remarkable moment.”

Jefferson-Wooden wasn’t alone in seeking out Fraser-Pryce, whose medal was her 17th from world championships to go with eight from the Olympics, mostly to say “thanks.”

“She’s definitely paved the way for women’s short sprints and it’s so inspiring to see someone like her do what she did and be so dominant for so long,” Jefferson-Wooden said. “All of us up here are aspiring to do the same things.”

Not lost in the celebration was that all four racers on that women’s team — Tee Tee Terry ran the second leg — train together and that Richardson and Jefferson-Wooden figure to be vying to take Fraser-Pryce’s place atop the sprint game in the lead-in to the LA Olympics.

Lyles headlines a (rare) no-drama win in the men’s 4×100

A few minutes after that relay, and with the rain still falling, Lyles crossed the line first to give the U.S. its 26th medal and 16th gold of the meet — totals that are more respectable after what, earlier in the week, had the makings of a bad meet.

The 26 overall medals are the same number they captured in the same stadium four years ago at the Tokyo Olympics. Only seven were gold that time.

Lyles accounted for two golds and a bronze, and the finale was, frankly, boring — something hardly anybody says about the U.S. men in a 4×100. Bad exchanges have cost them in seven worlds and six Olympics since 1995.

But this is now a worlds-winning streak for the Americans, who won two years ago in Budapest (but did mess up at the Olympics last year) and didn’t have to deal with Jamaican 100 gold and silver medalists Oblique Seville and Kishane Thompson because of that team’s troubles in qualifying.

“I didn’t have to do much. These guys took care of business,” Lyles said. “They made sure the handoffs were clean. It’s a little anticlimatic, but at the same time, it’s a great feeling because you know that the job has been done.”

McLaughlin-Levrone gets asked about another world record

McLaughlin-Levrone also kept it light on drama. She inhereted a huge lead in the 4×400 from Aaliyah Butler and opened it wider from there. The Americans finished in a championships-record 3 minutes, 16.61 seconds for a 2.64-second win over Jamaica.

Much like Thursday night, when McLaughlin-Levrone ran 47.78 in the 400 flat to become the first woman to crack 48 seconds in nearly 40 years, she was being asked about world records again. The mark in the women’s relay is also ancient — 3:15.17 by the Soviet Union in 1988.

“We’re getting closer and closer,” she said. “It’s going to come eventually and it’s just about the right situation, but tonight we’re happy to walk away with a gold medal.”

A silver goes to 4×400 men

The only miss for the U.S. involved the men’s 4×400 team.

It came down to a last-lap sprint between 400-hurdles champ Rai Benjamin of America and 400-flat champ Collen Kebinatshipi of Botswana.

Benjamin received the baton with a 0.19-second lead but couldn’t hold off Kebinatshipi, who beat him to the line by 0.07 to give emerging sprint power Botswana its first relay win in 2:57.76.

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September 21, 2025 0 comments

Crypto Trends

Best Crypto Presales to Buy After U.S. Bitcoin Reserve Bill Signals Bullish Supply Crunch

by admin September 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Earlier this year, Donald Trump announced the formation of a U.S. Bitcoin strategic reserve, where the government would build its own stash of the token.

Now, a new bill, called H.R. 1566, has been passed which sets a 90-day deadline for the Treasury Department to come up with a plan to create and manage this fund.

The Treasury will need to submit a practicability report and a technical plan for custody and cybersecurity.
It will also have to work out how this reserve will be represented on the federal balance sheet, the role of the Forfeiture Fund, and a list of potential third-party custodians.

Even a modest U.S. Bitcoin Reserve could trigger a supply shock, pushing $BTC to new highs in the next few years.

Read on as we explain the impacts of the reserve on Bitcoin’s demand-supply dynamics – and point you toward the best crypto presales that could benefit.

The Supply Shock Math Explained

The U.S. Marshals Service already controls around 29,000 BTC that are ‘fully forfeited.’ In addition, there are about 198,000 $BTC across all U.S. agencies pending forfeiture.

Bitcoin miners currently generate about 450 $BTC a day, which comes to 40,500 $BTC over a 90-day period.

If the Treasury consolidates and locks the already forfeited 29,000 $BTC (Option 1), it would absorb 71% of the 90-day miner supply.
But that isn’t the only scenario under discussion. If instead 100,000 $BTC is locked (Option 2), it would create a stronger supply crunch with deeper absorption and tighter flow.

Add to this ETF inflows, which average around 20,000 $BTC over a 90-day period. Even conservatively, if the Treasury pursues Option 1, total demand would reach 59,000 $BTC over 90 days to satisfy both reserve and ETF requirements.

That would significantly reduce the free float available for HODLing and trading, tightening the market.

Still, this is just one way of looking at the situation. Simply transferring forfeited Bitcoin into a single wallet is only part of the story.

The Treasury might also adopt a regular purchasing schedule – daily, weekly, or monthly – similar to how gold reserves are managed. Such ongoing buying would steadily soak up free float and increase supply pressure.

The result: tokens absorbed faster than they can be mined, creating scarcity and ultimately a ‘supply shock.’ As basic economics teaches, when demand exceeds supply, prices rise, especially when supply cannot adjust to meet demand.

And Bitcoin is unique: unlike commodities such as oil or copper, it has a fixed lifetime cap of 21M tokens. That means no new supply can emerge, making any demand shock far more enduring.

The Global Ripple Effect

So far, we’ve only considered the U.S. Bitcoin Reserve. But other countries are also exploring their own $BTC reserves, including Poland, Brazil, El Salvador, and Bhutan.

A decisive U.S. move could trigger a ripple effect, spurring more governments to adopt reserve frameworks and worsening the supply squeeze.

The ultimate winner is Bitcoin itself. As the supply dwindles, scarcity will deepen, and the price will rise.

That’s why this may be one of the best times to buy Bitcoin. However, with $BTC already trading around $115K, there are slim chances of it churning out another 1000x rally.

Smarter investors, therefore, are turning to presale cryptos that could benefit from Bitcoin’s scarcity and price momentum. If you want to make the most of this shift, here are some of the best cryptos to buy right now.

1. Bitcoin Hyper ($HYPER) – Bring Solana-Like Performance to the Bitcoin Blockchain

‘2025 will be remembered as the year Bitcoin Hyper ($HYPER) changed everything,’ is what’s written in bold on this new cryptocurrency project‘s website – and for good reason.

$HYPER is a never-before-seen Layer 2 solution for Bitcoin. Think of it as an express lane alongside Bitcoin’s sluggish roads.

At the time of writing, Bitcoin is not even in the top 25 fastest blockchains. It can only process 7 transactions per second (TPS), whereas Solana boasts a theoretical speed of 65 TPS.

But thanks to $HYPER’s Solana Virtual Machine (SVM) integration, Bitcoin users will now be able to send, swap, and receive crypto at lightning-fast speeds, too.

More notably, the SVM lets developers build smart contracts and dApps on Bitcoin, finally unlocking a full-fledged Web3 environment on the network.

This includes DeFi trading, NFTs, DAOs and governance, lending, staking, swapping, blockchain gaming, and more.

Furthermore, a decentralized, non-custodial canonical bridge lets you interact with Bitcoin Hyper’s Web3. Simply put, it converts your Layer 1 Bitcoin into Layer 2-compatible tokens.

Currently in presale, Bitcoin Hyper has already pulled in over $17.3M from early investors, including a chunky $418K from crypto whales in just the last 20 days.

You can buy $HYPER for just $0.012955 apiece, and according to our $HYPER price prediction, a $100 investment today could turn into $2,400 by the end of 2025.

Visit Bitcoin Hyper’s official website to learn everything about how it’s bolstering Bitcoin’s real-world utility.

2. Maxi Doge ($MAXI) – New Dog-Themed Meme Coin for 1000x Returns

If you feel you’ve missed out on the explosive early-stage rallies of animal-themed meme coins that are now blue-chip cryptos – like $DOGE, $BONK, and $SHIB – it’s worth checking out Maxi Doge ($MAXI).

It’s a low-cap coin currently in presale, meaning it’s not just under the radar but also available at a huge discount.

And its bottom line? Avenging Dogecoin for his ruined childhood. Maxi, by the way, is Doge’s distant cousin – and his success and aura became the reason Maxi’s family didn’t pay him much attention.

But like a classic Hollywood superhero (or supervillain), Maxi didn’t give up. He hit the gym, bulked up, and studied the crypto market until he forged a rock-solid plan to take down Dogecoin.

$MAXI’s goal is to become a top trending crypto. To do so, the developers have reserved a massive 40% of the total token supply for marketing efforts.

This includes PR campaigns, influencer collaborations, social media blitzes, and even holder-only events like weekly trading competitions and leaderboard prizes.

In addition to CEX and DEX listings, $MAXI is also eyeing futures platforms. This would give meme coin traders the ultimate opportunity to churn out whale-like returns, plus it’ll make $MAXI the heartthrob of the market.

With over $2.4M already raised, Maxi Doge’s presale is off to a slick start. Each token is priced at just $0.0002585, and if you need any help grabbing it, check out our guide on how to buy $MAXI.

Also, according to our Maxi Doge price prediction, the token could hit $0.0024 by year-end – a massive 820% ROI.

Visit Maxi Doge’s official website to learn more about its fiery mission, roadmap, and tokenomics.

3. Remittix ($RTX) – Game-Changing Project Revolutionizing the Cross-Border Payments Market

Despite crypto’s fast-growing legitimacy, the fact remains that tier-2 and tier-3 countries have yet to fully embrace the decentralized nature of crypto payments.

This is why Remittix ($RTX) could be the next crypto to explode. It lets you send crypto directly to traditional bank accounts, which then receive it in fiat. The recipients won’t even realize the transaction originated in crypto.

By offering a unique crypto-to-fiat bridge, Remittix aims to solve a critical bottleneck in traditional banking infrastructure and capture a substantial share of the global cross-border payments market, projected to reach $250T by 2027.

At the time of writing, $RTX supports over 30 fiat currencies and 50+ cryptocurrency pairs, plus it also offers lightning-fast transactions and zero FX fees.

The Remittix presale has already raised a staggering $26.2M in early funding, with each token still priced at just $0.1080. This is arguably the lowest price you’ll ever be able to get $RTX for.

Recap: With the U.S. Bitcoin reserve set to absorb coins faster than miners can produce them and cause a bullish supply shock, there couldn’t be a better time to buy under-the-radar, high-upside presales like Bitcoin Hyper ($HYPER), Maxi Doge ($MAXI), and Remittix ($RTX).

Disclaimer: None of the above is financial advice. The crypto market is highly volatile and risky, so kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/best-crypto-presales-to-buy-after-us-bitcoin-reserve-bill-supply-crunch

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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September 21, 2025 0 comments

NFT Gaming

Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. Trading

by admin September 21, 2025

Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory.

From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. The former’s weekly trading pace topped $500 million, with an average open interest of around $189 million.

Prediction market volumes (Dune)

Its volume is beyond that of Polymarket, which stood at $430 million, and its average open interest of $164 million, which implies “sticker positions on Polymarket and faster turnover on Kalshi.”

Polymarket’s longer-term markets, which often stretch over weeks or months, keep user funds locked in for longer periods, essentially.

This shows up in the open interest-to-volume ratio: Polymarket averaged 0.38, while Kalshi sat lower at 0.29. That suggests Kalshi’s users are trading more often, while Polymarket’s positions tend to sit.

Still, Polymarket is building out a greater position in the U.S. The platform has cleared its acquisition of QCX, a regulated derivatives exchange, to enter the country again.

It has also launched earnings-based markets with social investing platform Stocktwits, designed to let stockholders hedge earnings risk and analysts gauge market sentiment in real time.

Read more: Polymarket Weighs $9B Valuation Amid User Surge and CFTC Approval: The Information

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September 21, 2025 0 comments