Stay updated with the latest crypto news! What is happening in the market on Sept. 19?
On Sept. 17, the Federal Reserve announced its first rate cut of the year and lowered its benchmark rate by a quarter point as expected. The target range now stands at 4.00% to 4.25%. How has the crypto market reacted? Let’s take a closer look at what is happening today, on Sept. 19.
It has become known that UK-based trading platform IG Group will buy a 70% stake in Independent Reserve, one of Australia’s leading cryptocurrency exchanges. The deal is valued at A$109.6 million (nearly $72.3 million).
IG Group noted that it may seek to purchase the remaining 30% stake between 2027 and 2028, depending on performance metrics. This would bring the full valuation of Independent Reserve to approximately A$178 million ($117.5 million).
ImmutableX’s IMX token jumped 28% to reach an eight-month high of $0.95 before pulling back to $0.8760 at the time of writing.
Even at this level, IMX is trading nearly 100% above its monthly lows and more than 160% higher than its year-to-date low.
On-chain data also points to shifting investor behavior. According to Nansen, the supply of IMX on exchanges fell from 267 million in early September to about 253 million.
The Sei network has partnered with Crypto.com to provide institutional-grade custody for SEI tokens. The move adds security and regulatory compliance, making the network more appealing to large investors.
This partnership positions Sei in direct competition with other Layer 1 blockchains like Solana and Aptos while expanding its infrastructure for institutional-scale adoption.
Coinbase’s Bitcoin and Ethereum reserves have reached $112 billion, the highest in four years, signaling renewed investor confidence and demand.
The exchange is also expanding its ecosystem by contributing to the Open Intents Framework, improving multi-chain asset management and collaboration with key blockchain projects.
Bitcoin’s mining difficulty has reached a new all-time high, strengthening network security but increasing costs for miners. Each miner’s share of rewards now shrinks, raising pressure on smaller operators.
The top three mining pools control over 60% of the network, while some large firms explore other sectors to maintain profitability. Smaller pools face growing operational and regulatory challenges.
Difficulty at 136T reflects surging hashrate, bolstering network security via PoW. But with margins thinning, how might this affect miner consolidation…
— Flipstra Damus (@Flipstra_damus) September 19, 2025