The Federal Reserve on Wednesday delivered a 25bps rate cut, bringing its target range to 4.00‑4.25 %, the lowest in nearly three years. The move was expected, but all eyes were on the dot plot. Fed officials now project two more rate cuts by year‑end, citing a softening labor market and persistent inflation. Officials also signaled the pace of easing could pick up over the next 12 months.
In markets, BTC surged to its highest since August 17, powering gains across the broader digital‑asset space after the Fed’s cut. Open interest and cumulative volume delta rose alongside price, with futures volumes increasing more sharply than spot. Altcoins rebounded from oversold RSI levels; several tokens logged gains over 10 %. BNB broke above $1,000 for the first time, riding momentum toward fresh record highs. SOL briefly crossed $245, as the CME will begin offering SOL options from October 13, a development that may draw in more institutional participation. XRP options will also debut on the same date via CME.
In ETF news, the SEC approved an “accelerated basis” listing standard for crypto ETFs. That cuts approval windows from roughly 240 days to about 75 days. The shift mirrors a similar standard in traditional markets, which triggered a wave of new listings.
On the equity front, Nvidia will invest $5 billion in Intel under a partnership to co‑develop data center and PC chips. Meanwhile, China has barred major tech firms from buying Nvidia AI chips, signaling confidence in its domestic semiconductor industry.
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