CoinDesk
Sep 18, 2025
2 0

Major Cryptos Rise After Fed Rate Cut and SEC Approves Faster ETF Listings

Market Overview

  • Major cryptocurrencies, including BTC, rose after the Federal Reserve's 25 basis-point rate cut.
  • The CoinDesk 20 Index is up 3% with all members showing gains.
  • SEC approved "accelerated basis" listing standards for crypto ETFs, reducing approval times from 240 to 75 days, potentially increasing listings.
  • Aave announced its V4 roadmap, transitioning to ERC-4626 share accounting, improving integrations and tax treatment. AAVE price increased by 4% in the last 24 hours.
  • Wormhole introduced new tokenomics, enhancing earning opportunities for governance-active token holders.
  • Hyperliquid’s HYPE token is argued to be undervalued, with a focus on unique cash flow dynamics.

Crypto Developments

  • Sept. 18: Mavryk Network launches mainnet and MVRK token.
  • Sept. 18: Dogecoin ETF and XRP ETF start trading on Cboe BZX Exchange.
  • Sept. 18: Unipoly Chain (UNP) mainnet launch.
  • MKR holders have until Sept. 18 to upgrade to SKY tokens.

Token Events

  • MantleDAO voting on a $52 million budget proposal ends Sept. 18.
  • Curve Finance proposes a $60 million plan to fund BTC pools, voting ends Sept. 24.
  • Sept. 18: Fasttoken (FTN) unlocks 2.08% of its circulating supply.

Market Movements

  • BTC is at $117,327.22, up 1.43% from Thursday.
  • ETH is at $4,597.79, up 2.09%.
  • Total value locked in DeFi protocols reached $170 billion, highest since April 2022.

Derivatives Positioning

  • BNB, AVAX, and DOT futures open interest increased, reinforcing their price gains.
  • BTC's cumulative open interest in perpetual futures declined despite rising prices.

Equities & ETFs

  • Coinbase (COIN) closed at $320.56, pre-market up 2.26%.
  • Daily net flows for BTC ETFs were -$51.3 million; ETH ETFs saw -$1.9 million, both indicating outflows.

Chart of BTC price (ascending) vs cumulative open interest in perpetual futures (declining).

Global Market Indicators

  • Nikkei 225 closed up 1.15%.
  • Gold futures down 0.31%, silver futures up 0.19%.
  • DXY unchanged at 96.89.

Recent News Highlights

  • Bitcoin ETF inflows reversed following Fed's hawkish outlook.
  • Australia exempts certain stablecoin intermediaries from licensing requirements.
  • Ripple partners with Franklin Templeton and DBS for token lending and trading initiatives.