Top 10 Crypto Market Highlights You Need to Know Today
Catch up on today’s biggest crypto stories, including ETFs, altcoins, CPI updates, and over $104M in liquidations.
- Over $104M liquidated in one hour, mostly short positions
- Gemini IPO oversubscribed by 20x, aims to raise $425M
- Solana, XRP, and Hedera ETFs listed on DTCC platform
In just one hour today, the crypto market witnessed over $104 million in liquidations, with a staggering $101.67 million coming from short positions. This sudden market shakeout signals increasing volatility and renewed bullish pressure, especially with the Altcoin Season Index jumping from 29 to 67, suggesting stronger momentum across altcoins.
Meanwhile, inflation figures show CPI at +2.9% YoY and Core CPI at +3.1%, both aligning with expectations. These numbers could impact Fed policy and, in turn, crypto market sentiment.
ETF Developments & Institutional Moves
Big news on the ETF front: Fidelity’s Solana ETF, along with Canary’s XRP and Hedera ETFs, are now listed on the DTCC platform, marking a major step toward traditional adoption. Riding the ETF wave, BlackRock is exploring ETF tokenization following the success of its Bitcoin fund—a move that could reshape asset management in crypto.
In a major partnership, Chainlink, UBS (with $5.9T AUM), and DigiFT have teamed up to automate onchain tokenized fund operations under Hong Kong’s Cyberport program, signaling growing institutional interest in blockchain-backed finance.
Gemini IPO & Forward Industries’ Bold Move
Gemini, founded by the Winklevoss twins, is making headlines as its upcoming IPO is over 20 times oversubscribed, aiming to raise up to $425 million, according to Reuters. This overwhelming demand underscores strong market confidence in crypto-native companies.
Elsewhere, Forward Industries secured $1.65 billion in private placements to significantly expand its Solana treasury, signaling long-term faith in Solana’s ecosystem.
Industry Voices & Project Delays
Binance founder CZ weighed in on global economics, stating, “The best way to improve the economy is to adopt innovation. Protectionism always hurts the people.” His remarks resonate as crypto continues to challenge traditional finance.
Lastly, the launch of $DOJE trading has been delayed until Friday, September 12, highlighting how even hyped meme tokens face unexpected hurdles.
Read also:
- Sam Bankman-Fried’s Appeal Set for November 4
- Whales Accumulate HYPE as Millions Flow Into Hyperliquid
- Ethereum Meme Coin Little Pepe Crosses $25M, Announces 15 ETH Giveaway
- BTC Whale Loses $43M+ Amid Liquidation Panic
- Altcoin Market Capitalization Signals Bullish Reversal
