US-China Talks on the Agenda Ahead of APEC Summit
Trump and Xi Jinping are expected to meet at the APEC Summit at the end of October. The Financial Times reported that China has invited Trump to Beijing, but the White House has not yet responded. Sources indicate that the summit in Beijing is unlikely due to lack of progress in negotiations, and a low-profile meeting is more probable.
Fed Tension and Presidential Race in the US
The Trump administration is pursuing legal action to expedite the removal of Fed Chairman Cook. The Justice Department has filed an appeal to overturn the lower court ruling blocking the decision and requested a ruling before the September 16 FOMC meeting. Documents related to Cook’s second home, however, weaken the Trump administration’s claims.
Rick Rieder Emerges as a Frontrunner for Fed Chair
Treasury Secretary Bessent continues to meet with Fed chair candidates. Rick Rieder, BlackRock’s head of fixed income, has emerged as a leading contender in this process. Rieder joined BlackRock in 2009 after Lehman Brothers and is known for his forward-looking frameworks in economic assessments.
Technology Agreements During Trump’s Visit to the UK
Trump is traveling to the UK for his second official visit, which will last three days. His delegation includes important figures such as Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman. During the visit, agreements worth billions of dollars are expected to be signed in the fields of artificial intelligence, semiconductors, telecommunications, and quantum computing.
Trump: Major Fed Interest Rate Cut Expected
US President Trump said the Fed will soon cut interest rates “significantly.” According to Jinshi, this statement further reinforced already strong expectations of an interest rate cut in the markets. Political pressure is also mounting ahead of the FOMC meeting.
Massive Solana Purchase from Galaxy Digital
According to Lookonchain data, Galaxy Digital purchased 1.2 million SOL (≈$306 million) in the last 24 hours. This brings its total purchases over the last five days to 6.5 million SOL (≈$1.55 billion). This accumulation indicates that the company is taking an aggressive position in the Solana ecosystem.
60,000 SOL Transfer from Solana Whale to Binance
According to on-chain analyst Ember, an address that acquired 991,000 SOL four years ago and unlocked in April 2025 sent 60,000 SOL (≈$14.82 million) to Binance five hours ago. This address has transferred a total of 375,000 SOL (≈$68.5 million) to exchanges since April. The address, which still holds 962,000 SOL (≈$233 million), has essentially realized a portion of its staking returns.
Polkadot DAO Sets Limit on DOT Supply
According to Coin telegraph, Polkadot DAO approved referendum #1710 with 81% approval. With the new regulation, the total DOT supply will be capped at 2.1 billion. This decision ends the unlimited issuance model of 120 million DOT per year and aims to control token inflation by reducing the issuance rate every two years.
Bitcoin Whale Sends 1,176 BTC to Hyperliquid
According to Coin telegraph data, a former whale that previously sold approximately $4 billion worth of BTC and switched to ETH has moved again. Two weeks later, 1,176 BTC (≈$136.2 million) was transferred to Hyperliquid via two different wallets. This move demonstrates that long-term whale addresses are still playing an active role in the market.
Bitcoin Transaction Fees Hit Multi-Year Low
According to the Messari research team, the Bitcoin network’s average daily transaction fee has fallen below $500,000. This figure equates to $179 million on an annualized basis and is the lowest level since the Ordinals and Runes era. Despite the record price, the decline in network activity creates a notable divergence for the market.
Amazon Opens Top Position in Crypto Ecosystem
According to The Bitcoin Historian, Amazon has posted a job opening for a Head of Crypto Ecosystem position. With an annual salary of $500,000, this role will focus on managing the company’s crypto strategies. This step once again demonstrates the tech giant’s institutional-level interest in crypto.
SOL Strategies CEO Leah Wald: Low Valuation is an Advantage
According to a report by Decrypt, Leah Wald, CEO of SOL Strategies, which manages the Solana treasury, announced that the company holds 435,000 SOL on its balance sheet. Additionally, 3.6 million SOL (≈$820 million) has been delegated to validators to date. Wald said that the low valuation works in the company’s favor in the long run and that the market will eventually punish “noise over substance.”
Smart Money Selling in ETH
According to on-chain analyst Aunt Ai, an investor who accumulated 35,575 ETH at an average cost of $2,022 seven months ago sold 11,986 ETH (≈$55.6 million) in the last 24 hours. If this sale goes through, the investor will have made a profit of $31.35 million. The remaining 26,912 ETH (≈$124 million) continues to be held in different addresses.
ETHZilla’s Re-staking and Buyback Plan
The Ethereum treasury ETHZilla announced that it holds 102,240 ETH. Of this, $100 million is being evaluated in ether.fi re-staking, and $80 million has been set aside for share buybacks. The company has a total buyback right of up to $250 million.
ECB: Digital Euro Decision Next Month
According to Bitcoin News, the ECB has completed the preparatory phase for the digital euro. The Governing Council will decide on the next steps next month. Lagarde called on EU governments to quickly prepare the legal framework.
Capital Group Surpasses $6 Billion in Bitcoin-Focused Stocks
According to Coin telegraph, Capital Group, one of the world’s largest fund management companies, has increased its position in Bitcoin-related stocks from $1 billion to $6 billion. Led by 25-year portfolio manager Mark Casey, this move positions the company as a deeper player in the “Bitcoin Reserve Companies” strategy.
SEC Chairman Atkins: Notification First, Enforcement Later
Speaking to the Financial Times, SEC Chairman Paul Atkins said they would send technical violation notices to companies before “cracking down” directly. This marks a retreat from the harsh enforcement stance of the Biden era. This new approach could offer market players a more predictable regulatory environment.
Goldman Sachs: BoJ May Raise Rates in January 2026
Goldman Sachs economists predict that the Bank of Japan will not change its policy rate this week. Researchers indicate that despite signs of a slowdown in the economy, the next increase will come in January 2026. Weak Japanese exports and production continue to influence the BoJ’s decisions.
Barclays: Fed Cut Certain, Direction Uncertain
Barclays Chief US Economist Marc Giannoni stated that expectations for a 25 bp rate cut this week are strong. However, he emphasized that the Fed’s policy direction remains uncertain after the cut. The dot plot maintains expectations for three cuts this year and one cut each in 2026 and 2027.
