The crypto market is looking strong on Sept. 17, with the majority of leading coins moving into positive territory.
Bitcoin held steady above $115,000 following the Federal Reserve’s cautious 25 basis point rate cut, which disappointed markets expecting a more aggressive 50bp reduction.
Despite gold rallying to all-time highs above $3,700 earlier this week and sparking fears of massive crypto liquidations, the actual market response proved surprisingly muted with only $36 million in liquidations occurring immediately after the Fed announcement.
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Eric Trump has revealed that major banks like JPMorgan Chase and Bank of America terminated his family’s accounts in what he calls the “weaponization of the financial industry,” directly pushing him toward Bitcoin adoption.
Speaking to Bloomberg, he described these politically motivated closures as his primary catalyst for co-founding American Bitcoin and embracing decentralized finance as an alternative to traditional banking systems.
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Kraken and Circle have joined forces in a strategic partnership that will significantly reduce fees and boost liquidity for stablecoin users on the platform. The collaboration brings enhanced USDC support and introduces EURC to Kraken for the first time, giving the exchange’s millions of users access to improved conversion costs and deeper liquidity pools across both dollar and euro-pegged stablecoins.
The timing couldn’t be better for Circle’s stablecoins, with USDC maintaining its position as the world’s second-largest USD stablecoin at $68 billion market cap and seeing sustained growth since Trump’s election victory.
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XRP and Binance Coin are gaining serious traction this week as traders pile into leveraged positions, while Bitcoin and Solana see their open interest declining. XRP has pushed above the $3 mark and is holding steady above its former resistance at $2.95, with analysts eyeing potential moves toward $3.12, $3.32, and possibly the $4 level if momentum continues.
Meanwhile, Binance Coin broke through $925 resistance following its listing on Hong Kong’s licensed OSL exchange, making it the fifth approved digital asset in the region.
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Taiko, an Ethereum Layer 2 rollup, has officially integrated Chainlink Data Streams as its oracle to deliver fast, tamper-proof market data for developers. This integration is designed to power advanced DeFi applications while improving security and scalability across the network.
The move also positions Taiko to attract greater institutional adoption, aligning with Chainlink’s broader mission of bringing real-world data on-chain. By leveraging Chainlink’s proven infrastructure, Taiko aims to strengthen its DeFi ecosystem and support the creation of more innovative financial products.