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Bitcoin Hits $124K Record as 4 Tailwinds Align: Crypto Daybook Americas

Published

1 месяц ago

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By Francisco Rodrigues (All times ET unless indicated otherwise)

The cryptocurrency market is still enjoying a rally on the back of Tuesday’s higher-than-expected core inflation reading that boosted chances of a Federal Reserve interest-rate cut next month. Some traders are even calling for a 50 bps cut.

The euphoria has lifted the CoinDesk 20 (CD20) index of largest cryptocurrencies more than 1% in the last 24 hours, and sent bitcoin (BTC) to a record high over $124,000 and ether (ETH) 2.2% higher to $4,750, just below its record.

Headline inflation data for July came in cooler than expected, but rising core inflation fed into rate-cut expectations. On Polymarket, traders now weigh an 80% chance of a 25 basis-point cut in September, while chances of a 50 bps cut rose to 8.3%. The CME FedWatch tool shows a 97.8% chance of a 25 bps cut, and a 2.2% chance of a 50 bps cut.

In the geopolitical front, President Donald Trump is expected to meet Russian President Vladimir Putin this Friday in Alaska. The meeting comes as the U.S. president ramps up pressure for a ceasefire in Ukraine. A follow-up meeting with Ukraine’s President Volodymyr Zelenskyy may also be on the cards. Deescalation measures, including a potential air truce, are currently on the table.

Institutional demand has made this the best week for spot ether ETFs net inflows, with $2.27 billion coming in according to SoSoValue data. Meanwhile, corporate accumulation led by BitMine has seen ETH treasures accumulate over 3.5 million ETH.

“Bitmine’s capital raise to build its ETH treasury has drawn attention, with the market noting that any allocation to ETH has an outsized impact compared with BTC, given ETH’s smaller market cap and marginally thinner liquidity,” analysts at QCP Capital wrote. ”We expect the current momentum in ETH to persist as long as fresh flows continue into ETH DATs.”

Bitcoin treasuries, including ETFs, have grown their holdings by around 3.36% in the past 30 days to 3.64 million BTC. That’s more than 17% of the cryptocurrency’s total supply.

Put together, the cryptocurrency market is benefiting from four key tailwinds. These are the anticipated rate cuts, a friendlier regulatory climate, easing geopolitical tensions and rising institutional and corporate interest.

Looking ahead, investors will be closely monitoring today’s Producer Price Index (PPI) data for further clues on what the Fed might do in September. Stay alert!

What to Watch

  • Crypto
    • Aug. 15: Record date for the next FTX distribution to holders of allowed Class 5 Customer Entitlement, Class 6 General Unsecured and Convenience Claims who meet pre-distribution requirements.
    • Aug. 18: Coinbase Derivatives will launch nano SOL and nano XRP U.S. perpetual-style futures.
    • Aug. 20: Qubic (QUBIC), the fastest blockchain ever recorded, will undergo its first yearly halving event as part of a controlled emission model. Although gross emissions remain fixed at one trillion QUBIC tokens per week, the adaptive burn rate will increase substantially — burning some 28.75 trillion tokens and reducing net effective emissions to about 21.25 trillion tokens.
  • Macro
    • Aug. 14, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases July producer price inflation data.
      • Core PPI MoM Est. 0.2% vs. Prev. 0.0%
      • Core PPI YoY Est. 2.9% vs. Prev. 2.6%
      • PPI MoM Est. 0.2% vs. Prev. 0%
      • PPI YoY Est. 2.5% vs. Prev. 2.3%
    • Aug. 14, 7 p.m.: Peru’s central bank announces its monetary policy decision.
      • Reference Interest Rate Est. 4.5% vs. Prev. 4.5%
    • Aug. 14, 10 p.m.: El Salvador’s Statistics and Census Office, which is part of the Central Reserve Bank of El Salvador, releases July consumer price inflation data.
      • Inflation Rate MoM Prev. 0.32%
      • Inflation Rate YoY Prev. -0.17%
    • Aug. 15: U.S. President Donald Trump and Russian President Vladimir Putin will meet in Alaska to discuss potential peace terms for the war in Ukraine.
    • Aug. 15, 12 p.m.: Colombia’s National Administrative Department of Statistics (DANE) releases Q2 GDP growth data.
      • GDP Growth Rate QoQ Prev. 0.8%
      • GDP Growth Rate YoY Est. 2.6% vs. Prev. 2.7%
    • Aug. 15, 4 p.m.: Peru’s National Institute of Statistics and Informatics releases June GDP YoY growth data.
      • GDP Growth Rate YoY Est. 4.7 vs. Prev. 2.67%
    • Aug. 18, 6 p.m.: The Central Reserve Bank of El Salvador releases July producer price inflation data.
      • PPI YoY Prev. 1.29%
  • Earnings (Estimates based on FactSet data)
    • Aug. 14: KULR Technology Group (KULR), post-market
    • Aug. 15: Sharplink Gaming (SBET), pre-market
    • Aug. 15: BitFuFu (FUFU), pre-market, $0.07
    • Aug. 18: Bitdeer Technologies Group (BTDR), pre-market, -$0.12

Token Events

  • Governance votes & calls
    • SoSoValue DAO is voting to allocate 5,000,000 SOSO tokens for a Researcher Ecosystem Fund, aimed at boosting top-tier crypto research through competitions and incentives, improving content quality, transparency and SOSO’s utility. Voting ends Aug. 18.
    • Uniswap DAO is voting to allocate $540K in UNI over six months to as many as 15 top delegates, with up to $6K/month based on voting activity, community engagement, proposal authorship and holding 1,000+ UNI. Votings ends Aug. 18
    • Aavegotchi DAO is voting on a Bitcoin Ben’s Crypto Club Las Vegas sponsorship: a $1,000/month corporate membership (logo on sponsor wall, team access, newsletter feature, one branded meetup/month) or a $5,000, 90-day Graffiti Wall mural with promo. Voting ends Aug. 23.
    • Aug. 14, 10 a.m.: Lido to host a tokenholder update call.
    • Aug. 14, 10 a.m.: Stacks to host a townhall meeting.
  • Unlocks
    • Aug. 15: Avalanche (AVAX) to unlock 0.33% of its circulating supply worth $41.84 million.
    • Aug. 15: Starknet (STRK) to unlock 3.53% of its circulating supply worth $18.12 million.
    • Aug. 15: Sei (SEI) to unlock 0.96% of its circulating supply worth $18.94 million.
    • Aug. 16: Arbitrum (ARB) to unlock 1.8% of its circulating supply worth $49.95 million.
    • Aug. 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $91.6 million.
    • Aug. 20: LayerZero (ZRO) to unlock 8.53% of its circulating supply worth $57.59 million.
    • Aug. 20: Kaito (KAITO) to unlock 8.82% of its circulating supply worth $27.55 million.
  • Token Launches
    • Aug. 14: Useless Coin (Useless) to be listed on Binance.US.
    • Aug. 14: Cherry AI (AIBOT) to be listed on Binance Alpha, MEXC, and others.

Conferences

The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through Aug. 31.

Token Talk

By Shaurya Malwa

  • SHIB’s burn rate exploded 48,244% in the past 24 hours, with nearly 88 million tokens permanently removed from supply.
  • “Burning” means sending coins to a wallet no one can access, taking them out of circulation forever.
  • The biggest single burn was 69,420 tokens in one hour, part of a series of transactions tracked by Shibburn, a community-run monitoring site.
  • Prices are holding firm above the $0.000010 support level, which traders see as a key floor for keeping bullish momentum intact.
  • If buying pressure continues, analysts say SHIB could attempt a move toward $0.000020, double the current price.
  • Activity on Shibarium, SHIB’s layer-2 blockchain, remains robust, clocking 1.51 billion total transactions and about 4.69 million daily.
  • Burn-driven supply cuts can, in theory, make each remaining token more valuable, but sustained price gains depend on demand matching or outpacing the shrinking supply.

Derivatives Positioning

  • ADA and SOL have seen the largest increases in futures open interest among the top 10 tokens in the past 24 hours.
  • Even though BTC rose to record highs above $124K, positioning in futures remains relatively light. Open interest is currently at 687K BTC, well below the July peak of 742K BTC.
  • Meanwhile, on the CME, the three-month annualized premium in BTC futures remains below 10%.
  • The 24-hour open interest-adjusted cumulative volume delta for most tokens except TRX is negative, implying seller dominance. This raises a question over the sustainability of price gains.
  • The markets for FART and FLR appear overheated, with annualized perpetual funding rates exceeding 100%, a sign of overcrowding in bullish long bets. Such a scenario can lead to a long squeeze, resulting in a sharp price slide.
  • On Deribit, August and September expiry BTC options are exhibiting only a slight call bias. That’s likely due to persistent OTM call selling by long-term holders and indicates that the rally has yet to trigger a speculative frenzy. Meanwhile, call bias is more pronounced in ether options across all time frames.
  • Flows over the OTC network Paradigm featured demand for BTC calls and short call spreads in ETH December expiry options.

Market Movements

  • BTC is down 0.98% from 4 p.m. ET Wednesday at $121,693.52 (24hrs: +0.88%)
  • ETH is up 0.92% at $4,760.09 (24hrs: +1.2%)
  • CoinDesk 20 is up 0.53% at 4,417.7 (24hrs: +0.86%)
  • Ether CESR Composite Staking Rate is up 7 bps at 3.04%
  • BTC funding rate is at 0.0127% (13.9065% annualized) on Binance

CoinDesk 20 members’ performance

  • DXY is unchanged at 97.84
  • Gold futures are down 0.11% at $3,404.50
  • Silver futures are down 0.55% at $38.39
  • Nikkei 225 closed down 1.45% at 42,649.26
  • Hang Seng closed down 0.37% at 25,519.32
  • FTSE is unchanged at 9,165.62
  • Euro Stoxx 50 is up 0.28% at 5,403.07
  • DJIA closed on Wednesday up 1.04% at 44,922.27
  • S&P 500 closed up 0.32% at 6,466.58
  • Nasdaq Composite closed up 0.14% at 21,713.14
  • S&P/TSX Composite closed up 0.26% at 27,993.43
  • S&P 40 Latin America closed down 0.45% at 2,684.56
  • U.S. 10-Year Treasury rate is down 3.1 bps at 4.209%
  • E-mini S&P 500 futures are unchanged at 6,488.25
  • E-mini Nasdaq-100 futures are unchanged at 23,932.75
  • E-mini Dow Jones Industrial Average Index are unchanged at 45,057.00

Bitcoin Stats

  • BTC Dominance: 59.32 (-0.57%)
  • Ether to bitcoin ratio: 0.03906 (1.4%)
  • Hashrate (seven-day moving average): 906 EH/s
  • Hashprice (spot): $59.75
  • Total Fees: 4.39 BTC / $532,696
  • CME Futures Open Interest: 142,140 BTC
  • BTC priced in gold: 36.3 oz
  • BTC vs gold market cap: 10.26%

Technical Analysis

ADA/BTC daily chart. (TradingView/CoinDesk)

  • The cardano-bitcoin (ADA/BTC) ratio has risen 11% today, confirming an inverse head-and-shoulders breakout on the daily chart.
  • The pattern indicates a bullish trend change, indicating ADA outperformance ahead.

Crypto Equities

  • Strategy (MSTR): closed on Wednesday at $389.90 (-1.14%), -0.58% at $387.65 in pre-market
  • Coinbase Global (COIN): closed at $327.01 (+1.36%), +0.71% at $329.32
  • Circle (CRCL): closed at $153.16 (-6.16%), -0.48% at $152.43
  • Galaxy Digital (GLXY): closed at $28.34 (+1.58%), +1.09% at $28.65
  • Bullish (BLSH): closed at $68.00 (+83.8%), +15.7% at $78.70
  • MARA Holdings (MARA): closed at $15.86 (+0.89%), -0.63% at $15.76
  • Riot Platforms (RIOT): closed at $11.59 (+1.31%), -0.52% at $11.53
  • Core Scientific (CORZ): closed at $13.85 (-8.34%)
  • CleanSpark (CLSK): closed at $9.97 (+0.5%), -0.5% at $9.92
  • CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $25.50 (+0.35%)
  • Semler Scientific (SMLR): closed at $35.57 (+2.98%), -0.34% at $35.45
  • Exodus Movement (EXOD): closed at $27.34 (-1.87%), +3.04% at $28.17
  • SharpLink Gaming (SBET): closed at $23.52 (+4.67%), -0.13% at $23.49

ETF Flows

Spot BTC ETFs

  • Daily net flows: $86.9 million
  • Cumulative net flows: $54.74 billion
  • Total BTC holdings ~1.3 million

Spot ETH ETFs

  • Daily net flows: $729.1 million
  • Cumulative net flows: $12.11 billion
  • Total ETH holdings ~6.12 million

Source: Farside Investors

Chart of the Day

Top chains by fees (last 24 hours). Artemis.

  • Hyperliquid, the layer 1 blockchain and decentralized exchange (DEX) focused on perpetual futures trading, has earned more than $4 million in fees in the past 24 hours, outpacing Ethereum, the world’s largest smart-contract blockchain.
  • Hyperliquid has consistently generated more fee revenue than Ethereum since early July, a sign that single-purpose blockchains are gaining traction by offering specialized, efficient solutions that attract high user engagement and liquidity.

While You Were Sleeping

In the Ether

What a country. Perhaps not totally surprising given $AEO is up 34% in the past month. Also $BLSH, $DASH and $MRNA in this filing from Defiance h/t @Todd_SohnNon-custodial wallets are not in scope of Google Play’s Cryptocurrency Exchanges and Software Wallets Policy. We are updating the Help Center to make this clear.Happy ATHBitcoin’s latest breakout attempt is backed by ETF flows.Owning 1 Bitcoin will make you a millionaire in the next decade.

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Memecoins Under Pressure as SHIB, Dogecoin Slide After Shibarium Loses $2.4M in Hack

Published

43 минуты ago

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15 сентября, 2025

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Top meme tokens traded under pressure as a multimillion dollar hack of Shiba Inu’s layer-2 network, Shibarium, dented investor confidence in joke cryptocurrencies.

On Sunday, Shibarium fell victim to a flash loan attack on its validator system, which drained about $2.4 million in ether (ETH) and SHIB. The CoinDesk Memecoin Index has dropped 6.6% in the past 24 hours. The broader market CoinDesk 20 Index (CD20) is down just 2.3%.

The attacker borrowed 4.6 million BONE, the governance token for the Shiba Inu ecosystem, often linked to the decentralized exchange (DEX) ShibaSwap, through a flash loan to gain control of the majority of validator keys. The keys act as gatekeepers of the network, confirming transactions and ensuring security.

With that control, the attacker was able to game the system into approving unauthorized transactions and walk away with a large amount of crypto assets from the bridge that connects Shibarium with the Ethereum blockchain. The process is akin to someone temporarily taking over a bank’s security system to approve unauthorized withdrawals. A flash loan is a loan raised with no upfront collateral and returns the borrowed assets within the same blockchain transaction.

The Shiba inu team was able to prevent a bigger, more serious breach because the BONE tokens used to gain control were reportedly tied to validator 1 and remained locked by the staking rules.

Nevertheless, markets reacted negatively breach, which again underscores the perennial security issues with blockchain technology.

Memecoins drop, broader market bid

SHIB fell by the most in three weeks on Sunday (UTC), losing 4% $0.00001369, and has continued to weaken to trade recently at $0.00001359. The cryptocurrency experienced considerable volatility throughout the 23-hour trading window ended Sept. 15 at 02:00 UTC, with the aggregate range encompassing $0.000006191, a 4% oscillation from peak to trough.

The session commenced with pre-dawn fragility as SHIB retreated from $0.000014156 to establish a pivotal trough of $0.000013547 at 14:00 UTC. Volume of 1.064 trillion tokens surpassed the 24-hour mean, signaling robust distribution pressure and prospective capitulation, according to CoinDesk Research’s technical analysis model.

The BONE token, which initially doubled to over 36 cents, is now down over 2% on a 24-hour basis, trading at around 20 cents.

According to the technical analysis model:

  • SHIB established a critical underpinning at $0.000013547 during elevated volume selling pressure exceeding 1.064 trillion tokens.
  • The token constructed successive higher lows and consolidation parameters between $0.000013600-$0.000013780.
  • Recovery momentum is demonstrated by ascending channel formations with sustained higher lows, indicating potential continuation towards the $0.000014000 resistance.
  • Volume patterns exceeded 24-hour averages during the decline phase, confirming potential capitulation levels.
  • Terminal hour trading exhibited decisive upward momentum with 1% appreciation, confirming a breach above the resistance threshold.

Large DOGE transfers add to bearish sentiment

Meanwhile, SHIB’s peer dogecoin (DOGE) fell 4% to 27.80 cents on Sunday and has since lost further 5% to 27.36 cents, according CoinDesk data.

A massive transfer of DOGE to a centralized exchange likely added to the bearish mood in the market. According to Whale Alert, crypto exchange OKX received 119,306,143 DOGE, worth over $34 million, from an unknown wallet. Such large transfers are typically associated with an intention to liquidate holdings.

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Fed Rate Decision, MKR-SKY Conversion Deadline: Crypto Week Ahead

Published

1 час ago

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15 сентября, 2025

By

The U.S. Federal Reserve is likely to dominate markets, both crypto and traditional, in the coming week. Traders are positioned for a rate cut of at least 25 basis points when the Fed announces its decision on Sept. 17, according to CME’s Fedwatch tool.

What to Watch

  • Crypto
  • Macro
    • Sept. 16: Brazil July unemployment rate Est. N/A (Prev. 5.8%).
    • Sept. 16: Canada August headline CPI YoY Est. N/A (Prev. 1.7%), MoM Est. N/A (Prev. 0.3%); core YoY Est. N/A (Prev. 2.6%), MoM Est. N/A (Prev. 0.1%).
    • Sept. 16: U.K. July unemployment rate Est. 4.7%.
    • Sept. 17: U.K. August headline CPI YoY Est. 3.9%. MoM Est. N/A (Prev. 0.1%); core YoY Est. 3.7%, MoM Est. N/A (Prev. 0.2%).
    • Sept. 17: Canada benchmark interest rate Est. N/A (Prev. 2.75%) followed by a press conference.
    • Sept. 17: The Fed’s FOMC decision on U.S. interest rates. Est: 25 bps cut to 4.00%-4.25% followed by a press conference.
    • Sept. 17: Brazil benchmark interest rate Est. N/A (Prev. 15%).
    • Sept. 18: Bank of England decision on U.K. interest rates. Est: unchanged at 4%.
    • Sept. 19: Bank of Japan interest-rate decision. Est: unchanged at 0.5%.
  • Earnings (Estimates based on FactSet data)
    • Sept. 18: Lite Strategy (MEIP), pre-market

Token Events

  • Governance votes & calls
    • Curve DAO is voting to changes to donation-enabled Twocrypto contracts. Voting ends Sept. 16.
    • Sept. 16: Aster Network to host a community call.
    • MantleDAO is voting on keeping the 2025-2026 budget at $52 million USDc and 200 million MNT. Voting ends Sept. 18
    • Sept. 18, 6 a.m.: Mantle to host Mantle State of Mind, a monthly townhall series.
    • Sept. 16, 12 p.m.:Kava to host a community Ask Me Anything (AMA) session.
    • Sept. 23: SwissBorg to make a live announcement.
  • Unlocks
    • Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $17.09 million.
    • Sept. 15: Sei (SEI) to unlock 1.18% of its circulating supply worth $18.06 million.
    • Sept. 16: Arbitrum (ARB) to unlock 2.03% of its circulating supply worth $48.16 million.
    • Sept. 17: ZKsync (ZK) to unlock 3.61% of its circulating supply worth $10.54 million.
    • Sept. 18: Fasttoken (FTN) to unlock 2.08% of its circulating supply worth $89.8 million
    • Sept. 20: Velo (VELO) to unlock 13.63% of its circulating supply worth $43.39 million.
    • Sept. 20: KAITO (KAITO) to unlock 3.15% of its circulating supply worth $10.1 million.
  • Token Launches
    • Sept. 15: OpenLedger (OPENLEDGER) to be listed on Crypto.com.
    • Sept. 18: Deadline to convert MKR to SKY before the delayed upgrade penalty takes effect.
    • Sept. 20: Reserve Rights (RSR) to conduct a token burn.
    • Sept. 22: Falcon Finance to host community sale on Buidlpad.

Conferences

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Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

Published

3 часа ago

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15 сентября, 2025

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The Financial Times (FT) reported on Monday that cryptocurrency groups are urging the Bank of England (BoE) to scrap proposals limiting the amount of stablecoins individuals and businesses can own.

The group warned that the rules would leave the UK with stricter oversight than the U.S. or the European Union (EU).

According to the FT, BoE officials plan to impose caps of 10,000 british pounds to 20,000 british pounds ($13,600–$27,200) for individuals and about 10 million british pounds ($13.6 million) for businesses on all systemic stablecoins, defined as tokens already widely used for payments in the U.K. or expected to be in the future.

The central bank has argued the restrictions are needed to prevent outflows of deposits from banks that could weaken credit provision and financial stability.

The FT cited Sasha Mills, the BoE’s executive director for financial market infrastructure, as saying the limits would mitigate risks from sudden deposit withdrawals and the scaling of new systemic payment systems.

However, industry executives told the FT the plan is unworkable.

Tom Duff Gordon, Coinbase’s vice president of international policy, said “imposing caps on stablecoins is bad for U.K. savers, bad for the City and bad for sterling,” adding that no other major jurisdiction has imposed such limits.

Simon Jennings of the UK cryptoasset business council said enforcement would be nearly impossible without new systems such as digital IDs. Riccardo Tordera-Ricchi of The Payments Association told the FT that limits “make no sense” because there are no caps on cash or bank accounts.

The U.S. enacted the GENIUS Act in July, which establishes a federal framework for payment stablecoins. The law sets licensing, reserve and redemption standards for issuers, with no caps on individual holdings. The European Union has also moved ahead with its Markets in Crypto-Assets Regulation (MiCA), which is now fully in effect across the bloc.

Stablecoin-specific rules for asset-referenced and e-money tokens took effect on June 30, 2024, followed by broader provisions for crypto-assets and service providers on Dec. 30, 2024. Like the U.S. approach, MiCA does not cap holdings, instead focusing on reserves, governance and oversight by national regulators.

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