Latest Crypto Market News Sept 16: OPENX up 134%, SEC-Gemini deal

What Happened In Crypto Market Today: XRP & DOGE ETF Launch This Week

The global Cryptocurrency market stayed at $4.1 trillion, down by 0.7% with overall Trading volume $164 billion in last 24 hours. Bitcoin continued to lead with  56% dominance, followed by Ethereum at 13.3%. Total number of cryptocurrencies tracked till now are 18767.

Major Crypto Market Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin price climbed to $$115,425 by 0.2%, with $45 billion trading volume and a market cap of $2.3trillion. 

Top 3 trending coins: PUMP is currently trading at $0.0085, up 8.6%, with a massive trading volume of over $1.3 billion. AVNT is the star performer, soaring 48% to $1.20 and crossing $2.3 billion in volume. LINEA, however, slipped 8.2% to $0.028 despite strong market activity $405 million

Top 3 gainers: Today’s biggest winners are OPENX skyrocketed 134%, trading at $1.61 with $6.7 million in volume. Ethernity Chain (ERN) followed closely, jumping 113% to $6.04. PUP Token also saw strong growth, climbing nearly 70% to $0.13, showing how smaller tokens can deliver big gains in short periods.

Top 3 losers: Naoris Protocol (NAORIS) dropped 23.9% to $0.068, while Collector Crypt (CARDS) fell 23.3% to $0.25. Avail (AVAIL) also saw a sharp decline of 21.2%, slipping to $0.015. These losses highlight the volatility of cryptocurrency market.

The Decentralized Finance (DeFi) sector had a market cap of $152 billion, which represented a surge of 1.4% in last 24 hours . DeFi now represents 3.8% of the global crypto market with almost $7.9 billion in trading volume.

The market cap of the Stablecoin was $286 billion, which witnessed a modest negative change of 0.1%  in the last 24 hours, supported by a whopping $114  billion trading volume.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear & Greed Index currently sits at 52 (Neutral), showing balanced sentiment. Yesterday’s reading was 53 (Neutral), while last week's was also Neutral with 48. A month ago, sentiment was much higher at 64 (Greed). This suggests traders are getting more cautious outlook.

Latest crypto market news 

The DC Circuit Court has rejected attempts by former President Donald Trump to remove Federal Reserve Governor Lisa Cook from her post. This ruling helped to ensure that Cook will remain on the Fed's board and will be involved in this week's crucial interest rate decision. The decision upholds the Fed’s independence and preserves stability in its monetary policy process.

NEXT Technology Holding Inc. has filed a Form S-3 with the US SEC to raise up to $500 million via a shelf offering. The funds will be used for general corporate needs, including working capital, research and development, acquisitions, and potential purchases of bitcoin. The company has not finalized how the proceeds will be allocated.

The SEC has reached a preliminary settlement with Gemini Trust, founded by Tyler and Cameron Winklevoss, over its unregistered Gemini Earn crypto lending program. The deal, still requiring SEC approval, would fully resolve the lawsuit. This comes days after Gemini’s $425M IPO. Genesis, Gemini’s partner, previously paid $21M to settle related charges.

President Trump proposed to eliminate mandatory quarterly earnings reports, a rule that has been in place since 1970, arguing that they are too expensive and subject to short-term pressures. Only five countries mandate quarterly reporting and Europe relaxed rules in 2013 with mixed results - some firms ceased, but liquidity and analyst coverage declined. The change could save billions but put us at risk of reduced transparency. If adopted, it is a major shift.

Bitwise has submitted an S-1 filing with the U.S. SEC for a proposed Bitwise Avalanche ETF, a spot-based trust designed to provide exposure to the Avalanche (AVAX) blockchain. If approved, the ETF will trade on a U.S. exchange under a yet-to-be-decided ticker, marking another step in expanding regulated crypto investment products.

REX-Osprey™ will launch the first U.S. spot XRP ETF ($XRP) and a Dogecoin ETF ($DOGE) this Thursday. Filed under the same prospectus, XRPR will hold XRP directly and through global spot ETFs. Trump and Bonk ETFs were also included but lack confirmed launch dates. This marks a major milestone for crypto ETFs.

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