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.
Nasdaq-listed Helius Medical Technologies completed a $500 million private placement on Friday to establish a Solana treasury reserve, making it the second-largest Solana treasury entity behind Forward Industries’ $1.6 billion holdings.
The deal, co-led by Pantera Capital and Summer Capital, included common stock and warrants that could potentially raise over $1.25 billion if fully exercised.
Read more details here.
A high-success whale trader with an 81% win rate opened a massive $100 million Ethereum long position using 25x leverage on HyperLiquid, purchasing 21,966 ETH at $4,550 with just $3.99 million margin. However, the trade is currently underwater by approximately $2 million as ETH has dropped below the entry price.
Some analysts suggest this could be a delta-neutral strategy rather than a directional bet, aimed at profiting from funding rates or hedging rather than price movement.
Read more details here.
Trust Wallet Token (TWT) surged 74% on Friday following supportive comments from Binance co-founder Changpeng Zhao about the project’s 99% token burn and expanding real-world applications.
The rally pushed TWT above $1.33 for the first time in 2025, with markets interpreting CZ’s remarks as validation of Trust Wallet’s new tokenomics strategy released Thursday.
Read more details here.
Michigan has advanced House Bill 4087, which would establish a cryptocurrency reserve using up to 10% of select state funds in crypto and crypto ETFs.
Michigan joins a growing national trend, with Arizona, New Hampshire, and Texas already passing similar bills and nearly two dozen other states considering cryptocurrency reserves.
Read more details here.
Aave AAVE $189.7 24h volatility: 7.1% Market cap: $2.91 B Vol. 24h: $375.42 M has achieved a major milestone by surpassing $30 billion in total active borrows, with DeFiLlama data confirming approximately $30.5 billion in current borrowings. The platform simultaneously set records in deposits ($73.2 billion) and total value locked ($41.85 billion) on September 15, demonstrating unprecedented growth across all key metrics.
By overtaking Lido in TVL last week, Aave has reclaimed its position as the largest DeFi protocol by that measure, benefiting from broader bullish sentiment in the DeFi sector.
Read more details here.