Coincidences or not, several other AI tokens also benefited from bullish news in September, drawing more attention to the sector.
For example, OpenLedger (OPEN) surged 135% after listing on Binance. More recently, Coinbase and Upbit listed FLOCK, sending the token up more than 200% to a new all-time high.
In conclusion, Worldcoin’s rise and the excitement of Korean traders are contributing to the surge in AI tokens this September.
The widespread rally across the AI sector also signals that retail investors are beginning to reallocate capital after two months of stagnation, during which the altcoin market capitalization (TOTAL3) hovered around $1 trillion.
Event focus: The Jackson Hole Economic Policy Symposium takes place August 21–23, 2025, with Fed Chair Jerome Powell’s speech set for Friday at 14:00 GMT.
Rate cut expectations: Markets see an 83% chance of a 25 bps rate cut on September 17, down from 94% last week.
Dollar impact: Lower interest rates tend to weaken the dollar and boost risk assets, such as stocks and crypto.
Powell's tone matters: A dovish Powell could fuel an EUR/USD breakout; a hawkish tone might trigger profit-taking.
EUR/USD setup: The EUR/USD pair is up 13% year-to-date, and is trading near 1.168, just below key resistance at 1.182
Neutral technicals: A flat MACD and RSI at 50 reflect market indecision ahead of Powell’s remarks.
#TrumpCryptoSupport #TariffTensions Tariffs take a toll on America’s imports Nearly a year after Donald Trump began raising tariffs, their effects are starting to show in America’s trade data. Between August and October the merchandise-trade deficit fell by 40% year on year. Tariffs have affected trading partners differently. Imports from China fell by 42%, and those from Canada by 9%. Imports from Mexico, meanwhile, rose by 4% and those from Vietnam soared by 34%. The disruption will remain visible in trade figures for November, due on Thursday. Although tariffs are at their highest levels since the 1930s, they are lower than Mr Trump threatened they would be. Importers hoping for stability, however, may be disappointed. This week Mr Trump proposed new levies on South Korea and Canada. Betting markets expect the Supreme Court to rule soon against some of Mr Trump’s tariffs, which could lead to another chaotic resetting of levies. And later this year the United States-Mexico-Canada Agreement is up for review. #GoldOnTheRise #USIranStandoff #FedHoldsRates
The Federal Reserve left its benchmark interest rate unchanged, as expected, after cutting at three consecutive meetings beginning in September. Two of the central bank’s governors voted for a quarter-point reduction. The Fed noted that America’s unemployment rate shows “signs of stabilisation” and that economic activity had expanded at a “solid pace”. It did not suggest when it might next cut rates.
FOMC meeting expected to keep rates steady, amid mixed inflation and labor signals. Experts have noted that the focus will be on Powell's speech for guidance regarding monetary policy this year. Bitcoin historically reacts to FOMC decisions, showing pre- and post-meeting volatility.
Today, market focus is on the FOMC meeting as the latest rate decision will be announced. The Federal Reserve announces policy at 2:00 p.m. ET, followed by Chair Jerome Powell at 2:30 p.m. ET. Markets expect no rate change, with pricing showing near certainty, despite active debate among policymakers.
Notably, Bitcoin had climbed above $90,000 earlier in the day ahead of today’s FOMC meeting. The flagship crypto is trading just below this psychological level at press time. In addition to the Fed meeting, Tesla, Microsoft, and META report earnings today, which could impact BTC and the broader crypto market.
Investors have made a pile of money recently by focusing on niche stocks in the AI trade. Earnings from some of the world’s biggest technology companies this week will offer an indication of whether they should stick to that strategy in 2026.
The Magnificent Seven tech giants — Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp., Nvidia Corp. and Tesla Inc. — have led the stock market higher for much of the past three years. But that reversed at the end of 2025 as Wall Street grew skeptical of the hundreds of billions of dollars the companies are spending to develop artificial intelligence and when the returns on those investments will materialize.
An index tracking the group closed at a record on Oct. 29, and since then the shares of five of the seven members are down and trailing the S&P 500 Index. Alphabet, which has soared almost 20% during that stretch, and Amazon.com are the only stocks in the green
In response, traders have been piling into the recipients of Big Tech’s largesse. Memory and storage maker Sandisk Corp. is up more than 130% since the Magnificent Seven index hit an all-time high and then retreated, while Micron Technology Inc. has jumped 76% and Western Digital Corp. has gained gained 67% in that time. Power producers and generator makers have also advanced, and even materials companies are outperforming on expectations for accelerating economic growth and the appeal of cheaper valuations.
Big Tech Earnings Land With 2026’s AI Winners Still In Question Key takeaways
Earnings from big technology companies will offer an indication of whether investors should stick to their strategy of focusing on niche stocks in the AI trade in 2026. The Magnificent Seven tech giants have led the stock market higher for much of the past three years, but their shares have recently trailed the S&P 500 Index, with only Alphabet and Amazon.com in the green. The companies are under pressure to show that their vast sums of capital expenditures are starting to pay off, with investors expecting them to post 20% profit growth for the fourth quarter, which would be the slowest pace since early 2023.
The Magnificent Seven index is trading at 28 times profits expected over the next 12 months, below previous peaks and roughly in line with its average over the past decade, according to data compiled by Bloomberg. Nvidia shares, for example, have soared 1,184% since the end of 2022, yet they’re priced at 24 times anticipated profits, slightly above the S&P 500’s multiple of 22
Grayscale files for ETF tracking Binance's BNB token
The proposed "GBNB" trust would offer investors exposure to the native token of the BNB chain without having to directly own the tokens, but approval still hinges on Nasdaq’s filing.
What to know:
Grayscale has filed an S-1 with the Securities and Exchange Commission to launch Grayscale BNB Trust, a spot ETF that would track the BNB token under the ticker GBNB. The ETF cannot begin trading unless Nasdaq files and secures SEC approval for a related 19b-4 rule change to list the product. The proposal, which excludes staking amid U.S. regulatory uncertainty, follows a similar but still-pending BNB ETF bid by VanEck.
The BNB filing adds to a flurry of ETF activity from Grayscale in recent months. The firm has also submitted proposals for other single-asset crypto ETFs, including one tied to NEAR, the native token of the NEAR Protocol.
Mr Trump said he would name a new chair of the Federal Reserve to replace Jerome Powell soon. Earlier America’s Supreme Court seemed reluctant to side with the president over his attempt to fire Lisa Cook, a Fed governor he accuses of mortgage fraud (she denies wrongdoing). Dismissing her without review “would weaken, if not shatter” the independence of America’s central bank, one conservative justice suggested.
Donald Trump said he had agreed “the framework of a future deal” on Greenland after a “very productive” meeting with Mark Rutte, nato’s secretary-general. America’s president dropped plans to impose additional tariffs on European countries from February 1st. Mr Trump also withdrew his threat of taking the Arctic island by force. Still, he told leaders at Davos that only America could defend the territory.
Global markets on alert as Europe to suspend approval of US trade deal
The European Parliament is planning to suspend approval of the US trade deal agreed in July, according to sources close to its international trade committee. The suspension is set to be announced in Strasbourg, France on Wednesday. The move would mark another escalation in tensions between the US and Europe, as Donald Trump ratchets up his efforts to acquire Greenland, threatening new tariffs over the issue on the weekend. The stand-off has rattled financial markets, reviving talk of a trade war and the possibility of retaliation against the US for its trade measures
Stock markets in the Asia-Pacific region were mixed on Wednesday, with major indexes in Japan and Hong Kong trading a little lower, while shares in Hong Kong and mainland China were slightly higher. The price of gold continued to make gains as it rose above $4,800 (£3,570) an ounce for the first time. The price of silver dipped from Monday's record high above $95 an ounce.
China’s economy grew by 5% in 2025, meeting the government’s target, according to official figures. A record trade surplus helped. The news wasn’t entirely rosy: gdp growth slowed in the fourth quarter, to 4.5%, the lowest rate in three years and down from 4.8% in the third quarter. China’s nominal growth was also slower than the inflation-adjusted figure because of falling prices.
Bitcoin slides below $93,000 as $680 million longs are liquidated
What to know:
Bitcoin fell about 3 percent to around $92,500 as a derivatives-driven rally faded, triggering roughly $600 million in long liquidations and hitting major altcoins hard. On-chain data from Glassnode and CryptoQuant suggest the recent advance toward $96,000 was fueled largely by thin derivatives flows rather than robust spot demand, with long-term holder supply and the 365-day moving average near $101,000 acting as key resistance. While selling by long-term holders has slowed and spot buying on major exchanges is stabilizing, analysts say bitcoin remains highly sensitive to leverage and liquidity shifts, keeping the market vulnerable to sharp reversals.
Alts were hit hard during Asia's Monday morning trading, with SOL down 6.7%, SUI down 10%, and ZCash down 10%. Elsewhere, gold continued its climb, up 1.7% to $4600 amid a new 10% tariff on Denmark and seven other European countries until “a deal is reached for the complete and total purchase of Greenland.” #MarketRebound #BTC100kNext?
Donald Trump announced that he would impose escalating tariffs on Denmark and other European countries, including Britain, France and Germany, that fail to support his bid to purchase Greenland. Writing on his Truth Social platform, he threatened a 10% levy on all goods starting on February 1st, increasing to 25% on June 1st. His threats followed mass protests in Denmark and Greenland in response to America’s push to acquire the Arctic territory.
Donald Trump said he might impose tariffs on countries if they don’t “go along with Greenland”. Several European leaders have spoken out over the American president’s threats to seize Greenland, urging a larger nato presence in the Arctic. France’s finance minister said that if America were to take the self-governing territory, which is part of Denmark, it would be “crossing the line”.
Bitcoin Surges Past $95,000 as Broad Crypto Rally Lifts Market Sentiment
Crypto markets staged a broad rebound over the past 24 hours, with most sectors posting gains of between 3% and 8% as risk appetite improved. Bitcoin rose 4.34% to reclaim the $95,000 level, while Ethereum jumped 7.4% to trade above $3,300. Strength was seen across meme, RWA, Layer 2, DeFi, and CeFi sectors, with several tokens recording double-digit gains. Market sentiment also improved, with the crypto fear and greed index climbing to 47 from 25 a day earlier, placing sentiment firmly in neutral territory. The sharp rise from deeply fearful levels suggests easing downside pressure as traders position for a potential short-term continuation of the rebound.
Other major cryptocurrencies, such as BNB, Dogecoin (DOGE), Cardano (ADA), and TRON (TRX), have also gained tremendously. The market trend shows the presence of a very robust bullish trend among several digital assets.
Three former heads of the Federal Reserve criticised the Trump administration’s criminal investigation into Jerome Powell, the Fed’s chair. They described America’s rule of law as its “greatest strength” and the “foundation of our economic success”. Mr Powell said the investigation, relating to a renovation of the Fed’s headquarters, was a pretext to curb the central bank’s independence. Several members of the Republican Party also criticised the probe. $BTC $ETH $BNB #StrategyBTCPurchase
Jerome Powell said that the Trump administration had opened a criminal investigation into the Federal Reserve
Market reaction to the bizarre fight was initially muted. The benchmark s&p 500 index of large American companies fell by around 0.5% after futures trading opened. Bond vigilantes held their fire. However precious metals rallied sharply: gold by over 1% and silver by 4%. The dollar fell slightly.
Jerome Powell said that the Trump administration had opened a criminal investigation into the Federal Reserve, relating to testimony he delivered to Congress in June about a renovation of the Fed’s headquarters. Donald Trump denied any knowledge of the indictment. The Fed chair said the “unprecedented action” was a pretext to rein in the central bank’s independence. The president has repeatedly criticised Mr Powell for not cutting interest rates.
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