📉 Market Moves & Price Action
Bitcoin and Ethereum were volatile after the U.S. Federal Reserve cut rates, but markets erased earlier gains as traders reacted to Fed commentary. Risk-off sentiment weighed on crypto prices.
Crypto markets slid broadly, with BTC, ETH, XRP, SOL and other tokens in the red zone as pre-Fed meeting trading intensified.
A JPMorgan report shows deteriorating trading volumes across crypto markets last month, signaling reduced activity and capital flows.
🧠 Policy & Regulation
U.S. legislative negotiations around crypto market structure remain tangled, with Democratic memos exposing divisions.
Institutions are engaging with blockchain — J.P. Morgan issued commercial paper on the Solana blockchain in a notable integration of traditional finance with crypto rails.
🧑⚖️ Major Legal Developments
Do Kwon, co-founder of Terra/TerraUSD, faces sentencing in New York for fraud and conspiracy tied to the 2022 collapse and is expected to receive a significant prison term.
🌎 Industry & Adoption
Nexo acquires Argentina’s Buenbit, expanding its presence in Latin America and signaling strategic regional growth for crypto services.
🐋 Altcoin Activity
XRP whales have dumped large volumes ahead of key events, complicating recovery prospects for XRP prices even as long-term holders remain committed.
📊 Wider Market Context
Across the crypto landscape, broader risk aversion — driven in part by macro outcomes like Fed policy and tech sector headwinds — is pressuring digital assets.
Total crypto market cap and some altcoins show broad declines, but there are pockets of relative strength on metrics like dominance and trading volume shifts.