Bitcoin surges past $114K as cooling US inflation fuels Fed rate cut bets
Bitcoin recently surged past $114,000, its highest since August 24, driven by unexpectedly mild US inflation data — especially the Producer Price Index (PPI) report for August. The year-over-year PPI rose 2.6%, significantly under analysts’ expectations of 3.3%, while core PPI (excluding volatile food & energy) came in at 2.8%, well below the forecast of 3.5%. On a monthly basis, PPI even declined, marking only the second contraction since March 2024.
These inflation figures, together with downward revisions to July numbers (headline PPI re-adjusted from 3.4% to 3.1%, core from 3.7% to 3.4%), helped reinforce expectations that the Federal Reserve might begin cutting interest rates sooner than previously anticipated. The market sees September as a possibility.
On-chain indicators also support a potentially bullish outlook. Historical data suggests that after Fed rate cuts, Bitcoin often goes through a phase of short-term volatility followed by a strong upward trend. Two metrics in particular were highlighted:
- MVRV (Market Value to Realized Value): indicates whether Bitcoin is under- or over-valued relative to its average holding price. Values near 1 suggest undervaluation; values around 3–4 suggest overvaluation.
- Whale Ratio: measures the proportion of large holders moving coins in or out of exchanges; high whale selling often signals short-term resistance, while accumulation can precede rallies.
Analysts warn that while cooling of PPI is encouraging, inflation has many components, and PPI trends typically lag the Consumer Price Index (CPI) by one to three months. As a result, CPI might still show stickier inflation in the near term even if PPI is falling.
In sum, the confluence of lower producer inflation, revised past data showing inflation was higher than first reported, and rising rate-cut expectations has lit a spark under Bitcoin’s price. Yet, there could be turbulence ahead — especially around upcoming CPI releases or unexpected macroeconomic data. If the broader trend of easing inflation continues, especially into Q4, it may provide a stronger foundation for further Bitcoin gains.
Source: Cointelegraph
SEC delays decision on spot XRP ETF, Ripple faces fresh setback
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several applications for spot XRP ETFs, dealing another setback to Ripple. Specifically, the Franklin XRP ETF, which was submitted in March 2025, had an initial decision deadline of September 15, after SEC proceedings were initiated in June. But on September 10, the SEC extended the review period for that application by 60 days, moving the new deadline to November 14, 2025. Some other XRP ETF applications have decision deadlines in October.
Despite the delay, market sentiment remains positive: data from Polymarket shows there is still more than a 90% chance that a spot XRP ETF will be approved by the end of the year.
The price of XRP wasn’t deeply impacted by this delay; it briefly rose to just over $3 around the time of the news and held around that level afterward.
The SEC applied a similar postponement for another crypto-related ETF: BlackRock’s ETH spot ETF (ETHA), specifically regarding the staking component of the product.
Source: CryptoPotato
US SEC approves first Dogecoin ETF: what it means for crypto investors
The U.S. Securities and Exchange Commission (SEC) has officially approved the first-ever Dogecoin exchange-traded fund (ETF) under the Investment Company Act of 1940. The fund — named the Rex-Osprey Doge ETF, ticker symbol DOJE — is set to begin trading imminently, marking a major milestone in bringing memecoins into regulated financial markets.
Bloomberg ETF analyst Eric Balchunas noted that this is likely the very first U.S. ETF to hold an asset widely considered to lack intrinsic utility — referring to Dogecoin. The approval comes after a period during which traditional crypto ETFs (notably those for Bitcoin and Ethereum) have become well established.
In anticipation of this move, Dogecoin’s price had already reacted positively, with approximately a 13% rally over the past week. This surge reflects growing investor excitement and speculation around institutional adoption.
The approval of DOJE is part of a bigger landscape shift: the SEC is currently reviewing dozens of crypto-related ETFs and financial products. Tickers and proposals for assets like Solana (SOL) and XRP are in the pipeline. Bloomberg analyst James Seyffart highlighted that roughly 92 such proposals are under consideration, signaling a broader wave of regulated crypto offerings beyond just Bitcoin and Ether.
Historically, the first set of U.S.-based crypto ETFs were for Bitcoin, which launched in early 2024 and saw tens of billions in inflows, becoming one of the most successful ETF rollouts in recent history. Ether spot ETFs followed, though with slower uptake initially.
Regulatory context is significant: the DOJE ETF is structured under the Investment Company Act of 1940, rather than the Securities Act of 1933, which governs different types of investment products such as trust-based or derivative instruments. This denotes a more rigorous oversight framework and is seen as a regulatory milestone for crypto assets with less “utility.”
The inclusion of Dogecoin — considered by many as the prototypical memecoin — into a regulated ETF underscores how cryptocurrency markets are evolving. What was once seen largely as speculative or frivolous now has begun to draw institutional interest, even for assets that don’t have traditional utility in the sense of technology, contract functionality, or strong use-case.
In summary, the approval of DOJE marks a turning point for the crypto market, especially for memecoins. It expands the types of digital assets that can gain institutional exposure through regulated US financial products, and may pave the way for further ETFs for other memecoins if demand and regulatory conditions continue to align.
Source: Cointelegraph