🚨 After the Fed raised interest rates by 25 basis points and warned—as Warsh noted—that inflation is still high, $49.0 billion was wiped from U.S. stocks in just 25 minutes.
# After the FED Decision, an Altcoin’s Price Soared!
Following the FED’s decision to raise interest rates by 25 basis points, an altcoin’s price saw a sudden surge.
One of the notable moves in the crypto market after the U.S. Federal Reserve (FED) increased its policy rate by 25 basis points was in Zcash (ZEC). In a short time, the ZEC price climbed sharply, rising above $1,380 on Binance.
Over the last 24 hours, ZEC gained approximately 17.7%, trading around $1,333, while its market cap also reached roughly $22.5 billion. However, the move isn’t attributed solely to the FED decision. On the Zcash front, the results of the NU7 governance vote announced on the same day also stood out as an important development that supported the price.
On the other hand, the current price level isn’t Zcash’s all-time high. CoinGecko data shows that ZEC recorded a historical peak of about $3,192 in October 2016, while CoinMarketCap indicates a historical high of approximately $5,942.
🇹🇷 Golden Global Investment Bankası’na TMSF intervention
⚠️ The Savings Deposit Insurance Fund (TMSF) seized Golden Global Investment Bankası, which was added to the U.S. sanctions list due to Iran-linked transactions.
Why is the stock market falling? The backdrop to the sharp sell-off in BIST 100
While the selling pressure on the BIST 100 index intensified on September 16, the Borsa İstanbul market slid to nearly 5% loss during the day. Alongside developments related to the fund market in Turkey and stop-loss selling, high oil prices, U.S. Treasury yields, and uncertainty ahead of the Fed’s decision are among the prominent factors weighing on the market in Borsa İstanbul.
Why is the stock market falling?
It does not seem possible to explain the sharp decline in BIST 100 with a single development. Along with the global risk pressure that has been ongoing in recent days, developments in Turkey’s fund market and sell-offs accelerated by breaches of key technical levels are also contributing.
Key headlines are as follows:
Growing liquidity concerns in the fund market
Pusula Portföy’s announcement that a default occurred in redemption payments for some of its funds
The dip below 14,000 points on BIST 100 accelerating the selling
The impact of stop-loss and algorithmic trades
The pressure from elevated oil prices on inflation and interest-rate expectations
Rising U.S. Treasury yields
Uncertainty ahead of the interest rate decision the Fed will announce today #stockmarket
BREAKING: 🇺🇸 Michael Saylor says the crypto progress "doesn't have to wait for Congress"; despite CLARITY being halted while the SEC, CFTC, and the Treasury can advance rules under existing law.
CLARITY Act is NOT the ONLY way for crypto clarity.
Bernstein expects the SEC and the CFTC to set up an "aggressive and fast" rule once the Senate fails to move the bill forward.
Analysts anticipate that institutions will take action on the following: • Clearer rules for crypto fund-raising. • Protections for DeFi and self-custody developers. • Exemptions for tokenized stocks. • Faster approvals for real-world asset continuous futures.
Bernstein sees another vote as UNLIKELY, citing limited time and unresolved ethical concerns.
Institutional rules can provide clarity, but legal regulation offers stronger protection against future policy reversals. #Bitcoin #crypto #altcoin #btc #eth
📌 #USDC issuer Circle has launched the mainnet of #Arc, a layer-1 (L1) blockchain focused on stablecoin payments and financial markets, especially intermediary transactions.
🔹The founding validator set includes major financial institutions such as BlackRock, DTCC, Visa, Mastercard, and others.
🔹Uniswap, Aave, and other major protocols are also building on Arc. Circle positions this as an “Economic OS” for stablecoin finance, tokenized assets, and real-time value transfer. #Bitcoin #crypto #altcoin
📉 On Wednesday, the Brent crude oil per-barrel price fell to around $106.70, retreating after two consecutive sessions of gains as signs of an increase in U.S. inventories weighed on the market