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Donald Trump wanted to achieve high rates of economic growth through a sharp reduction in the Federal Reserve's interest rate. However, Jerome Powell did not agree to the deal, and the FOMC Committee openly refused to make politically driven decisions. Trump was unable to convince the central bank of the need to lower the interest rate to 1-2%. Treasury Secretary Scott Bessent also wonders why Powell did not promise a rate cut at the upcoming meetings. But Bessent and Trump are in the same boat, while Powell and the Fed's governors are in another. Therefore, the similarity in views on monetary policy between Trump and Bessent is not surprising. Since he failed to overpower the Fed, and he still needs appealing numbers, Trump could have taken another route — namely, influencing the Bureau of Statistics, which is much easier. I am almost certain that statistics are much like U.S. legislation: you can find a number of loopholes that allow you to avoid violating the law or established rules directly, while still permitting some inaccuracies or double interpretations. For example, in the same 1974 Emergency Act, which Trump used as justification for imposing global import tariffs, nothing is actually said about the tariffs themselves—there is no direct ban on tariffs. Trump did not violate the law directly, since it doesn't actually prohibit anything. But at the same time, the act says nothing about the president's specific powers during a state of emergency, nor does it list the reasons for which a state of emergency can be declared. Trump simply took advantage of the imperfections in this law, and now the courts must determine whether the president had the right to do so. And I'm not sure that the U.S. Supreme Court will make a definitive decision, as the two previous courts—the Trade and Appeals Courts—did. Six of the nine Supreme Court justices were appointed by Republican presidents, and the law can be interpreted in various ways. The same goes for statistical information: some data can be "forgotten," some data can "go unnoticed," and for an error or deception to be revealed, an official investigation would be required. But who will conduct such an investigation, and who will even file a complaint against the Bureau of Statistics? Wave Pattern for EUR/USD:Based on the analysis of EUR/USD, I conclude that the instrument is continuing to build an upward trend segment. The wave structure still entirely depends on the news background connected to Trump's decisions, as well as the foreign and domestic policies of the new White House administration. The targets of the current trend segment may reach up to the 1.25 area. Currently, the instrument is declining within a corrective wave, but the upward wave structure remains intact. Therefore, in the near term, I'm still interested in buying. By the end of the year, I expect the euro to rise to the 1.2245 mark, which corresponds to the 200.0% Fibonacci level. Wave Pattern for GBP/USD: The wave pattern for GBP/USD is starting to change due to the recent decline. We are still dealing with an upward, impulsive segment of the trend. However, the internal structure of this segment is becoming increasingly complex. There is no talk of building a downward trend segment yet, but the pound now looks less attractive for trading than the euro. The targets for the upward trend segment are located around the 1.4017 mark, which corresponds to the 261.8% Fibonacci level. However, it is now necessary to determine where the current downward wave will end and how the wave structure will transform. Main Principles of My Analysis: Wave structures should be simple and clear. Complex structures are challenging to trade and often require adjustments.If you're not confident in what's happening in the market, it's better not to enter it.There is and can never be 100% certainty about the direction of movement. Don't forget about protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

The final US Q2 GDP data provided significant support for the dollar. Nearly all components of the report came in "in the green"—that is, revised upward. This result added to the already optimistic tone set by recent reports and paved the way for further dollar strength. Now, the last puzzle piece for dollar bulls is the release of the core PCE index (September 26). If this release also lands in the green zone, "dovish" sentiment in the market will be greatly diminished. Even one additional rate cut this year could be called into question. We will discuss inflation further below, but for now, let's return to the figures, which sparked a downward impulse in EUR/USD. According to the final numbers, the US economy expanded by 3.8% y/y in Q2. Initially, the Bureau of Economic Analysis (BEA) had reported 3.0% GDP growth. The second estimate was revised upward to 3.3%. The final reading not only exceeded the prior estimate but also beat most analysts' expectations. Most believed the final figure would match the second estimate (i.e., 3.3%), but it was revised up to 3.8%—the largest quarterly upgrade in recent years. What matters is not just the fact of the upgrade, but its structure and causes. For example, consumer spending increased significantly. According to the final data, consumer spending grew by 2.5% (the initial estimate was 1.6%). Household expenditures were the main driver of the upward revision, underscoring the robustness of internal demand. In addition, the final estimate revised up investment in intellectual property (software, R&D, entertainment content). According to the final numbers, investment in this category rose 6.7% y/y (the initial estimate was 5.2%). Another key factor is that the BEA revised the measure of "Final Sales to Private Domestic Purchasers" upward. This indicator reflects personal consumption, private business investment, and residential investment. It's a pure measure of domestic private demand—showing how actively households and businesses are consuming and investing. In the final Q2 estimate, this was raised from 1.2% to 1.9%. In other words, US GDP growth in Q2 was not driven solely by lower imports—although that was a factor, with imports dropping 29.3% after a sharp surge in Q1. All in all, the report indicates that the US economy proved stronger than previously thought. The unexpectedly strong growth in consumer spending suggests a rise in consumer confidence and stable incomes. It also demonstrates that US economic growth is driven by genuine internal demand, rather than merely statistical artifacts. These results allow the Fed to avoid rushing into rate cuts—or, rather, to avoid aggressive monetary easing. In fact, the market has already revised its forecasts for further Fed action. According to the CME FedWatch tool, the odds of a rate cut at the October meeting have dipped only slightly—from 92% to 81%. However, the chances of another 25-basis-point cut in December have dropped to 60% (down from 82% before the data release). The market is now almost certain that the Fed will maintain a wait-and-see stance in January, whereas just yesterday, the odds of a third 25-bps cut stood at 40%. If the August core PCE index accelerates even to 3.0% from the current 2.9%, the dollar will get additional support, and EUR/USD will likely come under further pressure. Technically, the EUR/USD chart favors short positions. On the H4 chart, the pair is located at the lower Bollinger Band and below all Bollinger Band lines, indicating a bearish "Parade of Lines" signal. On the daily chart, the pair sits between the middle and lower Bollinger Bands, below the Kijun-sen and Tenkan-sen lines but above the Kumo cloud (indicating a weakening bullish impulse). The next downside targets are 1.1630 (the upper boundary of the Kumo cloud, which aligns with the lower Bollinger Band on the daily timeframe) and 1.1600 (the lower boundary of the Kumo cloud on the same timeframe). For now, it's too early to talk about even lower levels. The material has been provided by InstaForex Company - www.instaforex.com

One wonders if Donald Trump is kicking himself or patting himself on the back while reviewing the latest US macroeconomic statistics. The US economy grew by an impressive 3.9% in the second quarter, marking the best performance in nearly two years. Jobless claims dropped to their lowest level since mid-July, highlighting the strength of the labor market. All good, Madame Marquise? Should the President have a statue built in his honor? But is a falling EUR/USD part of his plan? Dynamics of the US Economy Did the labor market really deteriorate so much under the previous BLS leadership and turn upward so quickly with the new one? Bloomberg experts now forecast September nonfarm job growth of 70,000, well above August's +22,000. Maybe it's not about weakness or strength, but about the new BLS management? Still, their willingness to play along with the US President could become fatal. The Fed may stop cutting rates, no matter how loudly Trump demands the opposite. Indeed, a chorus of FOMC representatives is voicing concern about inflation and is in no hurry to resume monetary expansion. For example, Kansas City Fed President Jeff Schmidt claims monetary policy is in the right place. It's slightly restrictive—just what the US economy needs right now. The September Fed funds rate cut was more of an insurance policy against a cooling labor market. If that risk doesn't materialize, why do anything more? US Jobless Claims Dynamics If the broader US economy and employment situation remain solid, EUR/USD could continue to correct lower, especially since conditions in the EU aren't as optimistic as some had hoped. Trump has washed his hands and said Ukraine can regain its territory with the help of the EU. This rhetoric isn't pressure on Russia—it's pressure on Europe. Europe needs to find a way out: stop buying energy from Moscow and cut ties with China. Meanwhile, the US will just sell more arms. But where will those arms end up? Russian drones are appearing more and more frequently in NATO countries—even Denmark reported a second incident this week. If Europe starts stockpiling weapons for its own defense, what's left for Ukraine? The armed conflict risks dragging on for years. Combined with US tariffs and rising energy prices, this will continue to slow the eurozone economy. So why would you buy the euro? Technically, on the daily EUR/USD chart, the 1-2-3 reversal pattern has played out clearly. A break of key support at 1.1725 signaled shorts. This level has now become resistance. As long as the main currency pair is trading below it, selling the euro against the US dollar is the preferred strategy. The material has been provided by InstaForex Company - www.instaforex.com

The on-chain ecosystem of Ethereum has recently been rocked by a wave of scams and rug pulls, creating a period that many are describing as a bloodbath. While the underlying technology of the ETH blockchain remains robust and secure, the sheer volume of malicious projects and deceptive schemes is taking a significant toll on retail investor confidence. Is Ethereum Still The Home Of DeFi Innovation? The Ethereum on-chain ecosystem has been plagued by scams and rug pulls, resulting in significant financial losses and, more importantly, a decline in retail investor confidence. Analyst known as Fat Tony on X has expressed deep frustration that BOOE hasn’t gotten more support from Ethereum’s own community, possibly due to the wave of malicious acts on the ETH ecosystem. He highlighted the Book of Ethereum (BOOE) as an exemplary project that embodies what ETH is supposed to stand for and distinguishes itself through several key characteristics. No Paid KOLs as the project has not relied on paid crypto influencers for promotion, which is a common tactic used by fraudulent projects to pump their tokens. With a resilient community, BOOE has built its foundation on a strong and organic community, a sign of a project with genuine, grassroots support. A generous team, which he praises for its generosity and ethical approach, stands in stark contrast to the greed of scam artists. Furthermore, Tony notes that numerous high-profile ETH founders and accounts are interacting with the project, which, in his view, is becoming expected at this point. Thus, he encourages the ETH community to support BOOE, which actually stands for something, and to move away from a speculative mindset of max extraction with zero vision. How The ETH Ecosystem Must Fight Back While scams and rug pulls are eroding retail confidence, investor Sassal0x, founder of Thedailygwei, has also revealed a scathing critique of Ethereum’s competitor chains, accusing them of engaging in a desperate strategy of lawfare to stifle the growth of ETH’s Layer 2 solutions. In his view, this is not a sign of strength but a clear admission of weakness. According to Sassal0x, the overwhelming adoption of ETH L2s demonstrates their superiority in the free market, a reality that has left competitors with no viable path to challenge ETH’s dominance. The analyst notes that this new, underhanded strategy comes after a long period of failed FUD (fear, uncertainty, and doubt) campaigns. Since misinformation has proven ineffective in slowing down L2 growth, competitors are now resorting to using nation-state governments to kill their competition. As a result, Sassal0x concludes with a powerful call to action for the Ethereum community. Instead of being complacent, the ETH ecosystem must fight back against this as much as we can.

When Stablecoin L1 Plasma goes live, billions in liquidity follow, putting new pressure on XPL’s first-month trading range. Plasma, a Bitfinex-backed Layer 1 blockchain built for stablecoins, launched its mainnet beta and native token XPL on Sept. 25. The rollout included integrations with major DeFi protocols and immediate listings on leading exchanges, signaling a strong market entry. Each resistance level at $0.90 and $1.00 gave way after short consolidations, a textbook sign of bullish momentum. Volume spikes near the $0.90 breakout suggest large players were involved, echoing the earlier $50M whale deposit. The move above $1.00 carried weight as a psychological barrier, confirming trend strength. If momentum continues, chart targets are $1.50 and $2.00, with speculative talk of $3–$5 in the medium term. Trader VikingXBT wrote on X: “Rescued by $XPL… I think $3–$5 seems fair.” (Source: X) Still, vertical rallies rarely run unchecked. Profit-taking could spark pullbacks, with immediate support at $1.00 and then $0.90. Holding these zones would keep bulls in control. For now, XPL’s breakout reflects a mix of whale backing, fresh liquidity, and speculative hype around Plasma’s mainnet launch. Volatility is expected, but the broader trend remains firmly upward. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Plasma TVL Erupts After Mainnet: XPL Price Prediction For October? appeared first on 99Bitcoins.

Gate Builds Its Own Layer 2 with OP Stack Gate is stepping into the Layer 2 race with a new network called Gate Layer. It’s being built using the OP Stack, the same open-source tech used by Coinbase and Kraken. Instead of settling transactions on Ethereum like most L2s, Gate will settle on its own chain, GateChain. And instead of ETH for gas fees, users will pay in GT, the native token of the exchange. What Gate Layer Is Supposed to Do This new setup is meant to make things quicker and cheaper. By shifting activity off the main chain and handling it on Gate Layer first, the network should be able to cut down on traffic and bring fees down too. Once everything’s processed, the final results will get locked in on GateChain. The idea is to keep things smooth for users while maintaining a secure and clear record of what happened. How the System Is Structured Gate Layer will do the heavy lifting when it comes to processing. GateChain will handle the final confirmations. This two-layer setup splits the work between speed and stability. It’s a bit like doing the fast parts on one lane and the careful checking on another. That approach is becoming more common, but Gate is putting its own spin on it by keeping everything in-house. DISCOVER: 20+ Next Crypto to Explode in 2025 Why Gate Picked OP Stack The OP Stack is getting popular. It’s the same foundation that powers Optimism and other new Layer 2 projects. It’s open source, easy to adapt, and already battle-tested. By using it, Gate avoids starting from scratch and can focus more on building features around it. Since Coinbase and Kraken went the same route, Gate is clearly betting this tech has staying power. EthereumPriceMarket CapETH$468.65B24h7d30d1yAll time Why Now? Gate’s move fits into a bigger trend. Exchanges want more control over how users move money around. Instead of relying on third-party networks, they’re starting to build their own. With more users demanding faster transactions and lower fees, owning the infrastructure becomes a way to stay competitive. Gate is joining that race with a network it can tweak and control top to bottom. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What Might Get in the Way Building a Layer 2 is one thing. Getting people to use it is another. Gate needs developers to build apps on it, users to trust it, and liquidity to flow. It also has to keep the bridge between Gate Layer and GateChain secure. Mistakes in any of these areas could cause big problems, especially if assets get stuck or funds are at risk. What to Keep an Eye On The next few weeks should give a clearer picture of how serious this is. Look out for updates on when the network goes live and which apps jump in early. Also pay attention to how Gate handles the GT token. Incentives, rewards, and liquidity pools will all play a role. If Gate gets it right, it could become one of the few exchanges running a full-stack crypto platform with its own Layer 2. If not, it could be a quiet launch that never really takes off. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Gate is launching its own Layer 2 network called Gate Layer, using the OP Stack as its foundation. Unlike most Layer 2s, Gate Layer will settle transactions on GateChain, not Ethereum. Users will pay gas fees in GT, Gate’s native token, instead of ETH. The goal is faster, cheaper transactions while keeping full control over infrastructure. Success will depend on developer adoption, user trust, and how well Gate manages its token ecosystem. The post Gate Launches Layer 2 Network Using OP Stack and GateChain appeared first on 99Bitcoins.

Cloudflare is stepping into the world of digital currency with a new project called NET Dollar. It plans to launch this as a fully backed stablecoin tied to the U.S. dollar. According to CEO Matthew Prince, the idea is to help build a better foundation for how the internet handles payments and value. Why Cloudflare Is Entering the Stablecoin Space Although Cloudflare is known for its internet security and performance tools, the company sees a bigger role for itself. As AI and smart systems grow more common, there is a clear need for a faster and more efficient way to move money. NET Dollar is meant to handle payments in these new digital spaces, especially when small payments or automatic transactions are involved. Think of a future where AI programs need to buy and sell things on their own. That’s the kind of world Cloudflare is planning for. How NET Dollar Will Work This new stablecoin will be backed by U.S. dollar reserves. That means each NET Dollar will be supported by real money, helping it hold its value. The token is being designed to handle instant payments, especially across borders, without waiting for banks or middlemen. Cloudflare also wants NET Dollar to work with new internet payment standards, which could make it easier for apps and websites to accept it in a smooth, consistent way. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Positioning NET Dollar in a Growing Market This move isn’t happening in a vacuum. Stablecoins are becoming increasingly common, and the rules surrounding them are gradually becoming clearer. Cloudflare sees a window of opportunity. Since it already powers so much of the web, it believes it can make online payments feel like a natural part of how websites and tools work. If successful, NET Dollar could become part of the invisible plumbing that helps the internet handle money just like it handles data. BitcoinPriceMarket CapBTC$2.18T24h7d30d1yAll time Potential Challenges and Risks No matter how well the idea sounds on paper, launching a stablecoin is not simple. The biggest challenge will be trust. People need to believe that each NET Dollar really is backed by real dollars. If there are any doubts about the reserves, the whole thing could collapse. There are also plenty of legal and technical problems to solve. Cloudflare will need to ensure the coin works across different countries, systems, and all while staying in line with financial regulations. Adoption could be another roadblock. Just because Cloudflare is big doesn’t mean people will rush to use its coin. The company will have to prove why NET Dollar is worth using, especially when there are already other stablecoins in the market. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What to Watch Going Forward Over the next few months, it will be worth watching how Cloudflare rolls this out. That includes which blockchains the coin will run on and how the reserve backing will be managed. It’s also important to see which payment standards Cloudflare supports, since that will shape how NET Dollar connects with websites and apps. Partnerships will say a lot about momentum. If other companies, especially ones working with AI or Web3, start getting involved, that could signal a strong interest. On the other hand, if regulators push back or developers stay away, NET Dollar might struggle to get off the ground. The real test will be whether this becomes a widely used payment tool or just another experiment that fades into the background. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Cloudflare is launching a fully backed U.S. dollar stablecoin called NET Dollar, designed for internet-native payments. NET Dollar targets a future where AI and smart systems make small, fast transactions across websites and applications. The stablecoin will work with modern web payment standards and avoid traditional banking rails or middlemen. Cloudflare wants to position NET Dollar as infrastructure for seamless digital payments across borders and platforms. Key challenges include adoption, trust in reserve backing, and navigating legal and technical hurdles across jurisdictions. The post Cloudflare Announces NET Dollar Stablecoin for Web Payments appeared first on 99Bitcoins.

Log in to today's North American session Market wrap for September 25 Today's market was marked by a surprising disconnect. Usually, when the US dollar strengthens, it puts downward pressure on commodities like metals. However, with both the USD and precious metals rising significantly, the correlation is mixed up. This environment would be seen in risk-off markets but with bonds selling off harshly, the story isn't just about this. In a rare and ominous move, the US Secretary of War, Pete Hegseth, called for the assembly of all US Army generals across the world. Overall, participants are still scratching their head to understand what is preparing but a significant geopolitical event may be on the horizon. Unsurprisingly, this environment wasn't supportive of Equities, marking another down day with significant losses across the board in the US and global stock markets. The hardest-hit asset class was arguably cryptocurrencies which took a significant plunge, with Bitcoin going back below $110,000 and ETH dipping below $4,000. The combination of a surging US dollar, which makes other assets and currencies less attractive, and the widespread flight from risk led to a massive sell-off in digital assets and other foreign exchange markets. Read More:Dollar strength rattles global Markets: what to watch for the USDDow Jones, Nasdaq-100 and S&P 500 face third day of consecutive decline despite GDP number beatIs the Euro trade still on? Outlook vs USD, CAD and CHFCross-Assets Daily Performance Cross-Asset Daily Performance, September 26, 2025 – Source: TradingView Ethereum and other cryptos are dragging the picture down. The scale of crypto volatility masks how crazy this session was for other assets but metals and the US dollar have stolen the spot. There was a particular move in Metals highlighted in a piece from earlier today, but they have since recovered quite largely: Dollar Index and Metals comparative Performance at the end of the session, September 25, 2025 – Source: TradingView A picture of today's performance for major currencies Currency Performance, September 25 – Source: OANDA Labs It was all about North American currencies with the once again repeating pattern of geographic trends in FX: The USD leads the board followed by the CAD. On the losing side, the rest, with the Kiwi getting particularly hammered throughout the past week. A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The long session is not over yet for APAC traders with the huge Tokyo CPI release that may prompt swifter volatility in markets (particularly in case of a beat). Friday should also be pretty huge with the Core PCE release at 8:30 AM ET which should confirm whether tariffs' impact on inflation remains more subdued than expected. This comes as many FED Speakers commented on tariffs today, showing that the Federal Reserve is showing less concerns on that aspect – but surprises are always a possibility, particularly when participants are not looking as thoroughly . Supplemented with the usual U-of-Mich consumer sentiment release and inflation expectations at 10:00 A.M. and another multitude of FED speeches, dollar movement should be pretty volatile to conclude the week. Of course, CAD traders shouldn't forget about the Canadian GDP data (also at 8:30), where we'll learn more on the Canadian economic performance, sending pretty bad numbers recently. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The 48th British Columbia mine reclamation award ceremony took place Wednesday in Penticton as part of the annual Mine Reclamation Symposium. The Symposium spans several days and includes workshops, mine tours, technical presentations and concludes with an awards ceremony to recognize the efforts BC mining companies are undertaking relating to environmental protection and reclamation at mine sites. More than 270 people attended this year’s symposium, including biologists, engineers, mine workers and representatives, partners and members of First Nations communities, and students. Since 1969, mining companies are required by law to reclaim mine site lands when mine life ends. BC was one of the first jurisdictions in Canada to implement mine reclamation legislation, and the first to extend this policy to exploration sites, the Mining Association of BC said in a news release. Since then, the provincial government under the Ministry of Mining and Critical Minerals has required companies post a reclamation security bond before mineral exploration and mining work begins at any site. The British Columbia Technical and Research Committee on Reclamation (TRCR) presented awards to mine workers across the province who are demonstrating best practices and innovation in post-mining landscape restoration. The 2025 winners Elk Valley Resources (EVR) won the Jake McDonald Annual Reclamation Award, which recognizes EVR’s progressive reclamation of the Swift Project at Fording River’s operations. Located near Elkford in southeast BC, the project set a goal to produce 170 million metric tonnes of steelmaking coal over 25 years. Reclamation activities started in 2020, and today, the project demonstrates operational excellence in progressive reclamation. A defining aspect of the Project is its use of a bottom-up lift construction method for landform development. Glencore is proposing the Fording River Extension (FRX) Project to extend EVR’s existing Fording River Operations. The FRX Project is anticipated to extend the lifespan of Fording River Operations by approximately 35 years, which is a critical economic engine to southeast British Columbia. Amrize (formerly Lafarge) scooped the Sand & Gravel Award for its achievement of reclamation through Abbotsford Gravel Sales. The team proposed a collaborative solution with neighbouring landowners and the Agricultural Commission to restore 30 acres of land as well as mining and restoring 85 acres of land. This project demonstrates how the aggregate industry can work collaboratively with agricultural stakeholders to responsibly access essential resources while supporting land stewardship and food production goals. Jacqueline Dube and DJ Formanski of Elk Valley Resources were awarded the Tony Milligan Book Award, created in recognition of the contributions Tony Milligan made to mine reclamation. This award was presented based on the quality of their paper, ‘An operational approach to geomorphic design in mine reclamation : A case study from Teck Coal Line Creek Operations’, presented at last year’s symposium. Scholarship recipients are Thompson Rivers University Master of Science students Rabeya Shikdar Orpa and Zhaohui (Sunny) Han. Next year’s 49th Mine Reclamation Symposium will be held in Fort St. John from September 21 to 25, 2026. Learn more about mine reclamation in BC here.

Crypto analysts Kaleo and Mags have predicted that the Dogecoin price will witness a parabolic run, with the potential to reach the $1 mark. This comes amid the top meme coin’s downtrend, which puts it at risk of retesting the $0.2 mark. Dogecoin Price Eyes Parabolic Rally To $1 In an X post, Kaleo declared that the Dogecoin price will rip to new highs from its current level. He further remarked that it is only a matter of time before prices catch up with institutional interest coming from DOGE treasury companies and ETFs. In line with this, he advised market participants not to “sleep on the king of memes.” Meanwhile, crypto analyst Mags indicated that the Dogecoin price could rally to as high as $1 on this projected parabolic rally. He suggested that there is no way that the “father of all meme coins,” which is supported and shilled by Elon Musk, wouldn’t be able to pull a 3x increase in this market cycle. Mags asserted that the bull run is dedicated to meme coins and that the Dogecoin price will lead the meme coin supercycle round 2. It is worth mentioning that Elon Musk’s lawyer, Alex Spiro, is the Chairman of CleanCore, the foremost DOGE treasury company, which is looking to acquire up to 1 billion coins. The company already holds over 600 million DOGE. As Kaleo noted, institutional interest has also picked up following the launch of REX-Osprey’s Dogecoin ETF, which became the first meme coin ETF to launch. The Dogecoin price had notably surged above $0.3 ahead of the ETF’s launch. However, it has been on a downtrend since the fund launched, indicating that this was a ‘sell the news’ event. DOGE is down over 12% since then, a development which also comes amid a broad crypto market downtrend. DOGE Will Reach Its ATH At The Minimum Crypto analyst Javon Marks has predicted that the Dogecoin price will reach its all-time high (ATH) of $0.73 at the minimum. He claimed that, based on historical trends, up next for DOGE is a rally of over 195%, which will send the meme coin to a new ATH above $0.739. His accompanying chart suggested that DOGE can reach the psychological $1 level in the process. Meanwhile, crypto analyst Kevin Capital highlighted how the Dogecoin price rallied 400% to $0.48 within a short period last year. He noted that crypto does nothing until it does something, and that it requires an incredible amount of patience and skill. However, the analyst emphasized that anyone can pull off the biggest trade if they can identify and have the conviction to buy at the lows, suggesting that it may be a good time to buy the dip. At the time of writing, the Dogecoin price is trading at around $0.235, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Log in to today's North American session Market wrap for September 26 Today saw penultimate session of the United Nations General Assembly, where speeches from France and Israel captured attention, though the tone soured as several delegates walked out during Prime Minister Netanyahu’s address. On the monetary front, Fed speak stayed in focus, with FED’s Barkin appearing twice, stressing that the key to consumer spending will hinge on whether “people lose their jobs or not,” while Governor Bowman, a dove, doubled down on her call for a more proactive, forward-looking Fed, pushing back against the risk of staying behind the curve. On the data side, Canada finally surprised to the upside, with GDP rising 0.2% versus 0.1% expected—a rare beat after months of softening prints. In the U.S., Core PCE landed exactly in line with forecasts (2.9% y/y), not a market mover in itself but another reminder that inflation hasn’t turned into the nightmare some feared despite tariff pressures. Read More:Markets Weekly Outlook – getting ready for September NFP weekUS Dollar Index (DXY): How Sustainable is the Recent Rally? Morningstar Pattern Hints at Further UpsideDow Jones rises, but major support is under threat Equities, meanwhile, continued to ride waves of sector-specific stories, with Lithium Americas (LAC) skyrocketing 250% this week after President Trump announced his administration’s intent to take part in a Nevada project—a move that lit up speculative flows in the battery metals space. Overall, risk-assets were bid today but Equities saw the most attraction, particularly ahead of the weekly close in some dip-buying activity. European indices finally see some relief: EuroStoxx finishes up 1.30% and the Dax closes higher by 1%. In the US, consumer-oriented sectors performed the best which put the Russell 2000 ahead (+0.88%), closely followed by the Dow Jones (0.79%) Silver also marked some new decade-long records breaching the $46 handle and now stands at around 8% of its April 2011 record highs. Cross-Assets Daily Performance Cross-Asset Daily Performance, September 26, 2025 – Source: TradingView Looking at the Daily asset picture, the action can be resumed with some general mean-reversion to the weekly flows, particularly in the afternoon: Look at the selling in gold, buying in bonds and Ethereum shining back from an ugly week. The US Dollar also saw some selling to undo some of its weekly rally. A picture of today's performance for major currencies Currency Performance, September 26 – Source: OANDA Labs The Pound was the real outperfromer of today's session, profiting the most from the US Dollar selloff. The FX day was still fairly muted when looking at the overall performance, but next week should see much more volatility (Check out our preview for next week's action!) A look at Economic data releasing in Monday's session For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The new week kicks off with a heavy slate of central bank speakers across the Fed, ECB, and BoE. On the euro side, speeches from Cipollone, Nagel, Schnabel, and Lane are paired with sentiment data (Business Climate, Consumer Confidence, and Economic Sentiment Index). In the US, Markets will also focus on some huge speeches — with Waller, Hammack, Musalem, Williams, and Bostic all on the docket, with players already looking into the next meeting in about a month from today. The US calendar also brings Pending Home Sales (Aug) after July’s –0.4% drop, which will be the only mid-to-high tier NA data for that day. The session will extent for APAC Traders: From Asia, focus falls on Japan’s Retail Sales (YoY Aug, 1% exp.), while Australia prints Building Permits (Aug, –5.5% exp.). China rounds out the session with PMIs (NBS and private surveys), a key gauge of manufacturing momentum heading into Q4, and particularly when looking at the state of global activity. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Gold is once again attracting buyers, despite the release of positive U.S. economic data, against the backdrop of escalating geopolitical risks. Earlier this week, comments from Federal Reserve Chair Jerome Powell pushed the U.S. dollar to a two-week high, putting pressure on gold prices. Powell sought to temper expectations of significant rate cuts, noting that overly sharp easing could leave the fight against inflation unfinished and require policy adjustments. Nevertheless, traders still expect the Fed to cut rates in October and December, following this month's 25 basis point reduction prompted by labor market concerns. This "dovish" outlook limits further dollar gains and supports gold prices. U.S. President Donald Trump escalated rhetoric toward Russia, stating that NATO countries should shoot down Russian aircraft violating their airspace. Trump also expressed confidence that Ukraine, with the support of the European Union and NATO, would be able to reclaim territories lost during the conflict. This marks a notable shift in Trump's stance on Russia. In response, Kremlin spokesman Dmitry Peskov stressed that Russia would continue its offensive to protect its interests, saying the idea of returning territories to Ukraine was misguided. In addition, the United States assured Arab and Muslim leaders it would prevent Israeli Prime Minister Benjamin Netanyahu from annexing the West Bank of the Jordan River. At the same time, Iran-backed Houthis in Yemen claimed responsibility for a drone strike on the Israeli city of Eilat on Wednesday. All these developments heighten geopolitical tensions, keeping gold attractive as a safe-haven asset. For better trading opportunities, markets this week remain focused on the U.S. Personal Consumption Expenditures (PCE) index, due Friday. This indicator is key for assessing dollar demand and will largely shape the short-term dynamics of XAU/USD. From a technical perspective, while oscillators on the daily chart remain positive, bears are currently at a disadvantage. However, with the Relative Strength Index (RSI) in overbought territory, a correction before the continuation of the uptrend seems inevitable. The material has been provided by InstaForex Company - www.instaforex.com

Despite positive U.S. data and pressure on the precious metal from the dollar, gold continues to attract buyers. From a technical perspective, however, Tuesday's failure near the round level of 3800 can be seen as the first sign of possible exhaustion of the bullish trend, given the persistent overbought condition of the daily RSI (Relative Strength Index). Still, last week's breakout above 3700 was viewed as a key trigger for the bulls, confirming the likelihood of buying on pullbacks near that level. That said, a decisive break below 3700 would trigger technical selling, pushing the yellow metal toward intermediate support at 3645 on the way to the 3615–3600 level. On the other hand, momentum beyond the 3752 level — the high of the Asian session — will face resistance in the 3765–3770 level. A move above this resistance would pave the way for a retest of the historical high around 3790. Buying beyond that level, as well as above the round 3800 level, would create conditions for the continuation of the well-established uptrend observed over the past month. The material has been provided by InstaForex Company - www.instaforex.com

XRP holders just got reminded that they may miss out on a major token giveaway if they do not act promptly. A reminder from the crypto community has made it clear that only a short time remains before the current claim window closes. If eligible holders fail to take part, they risk losing millions of dollars in value from the free distribution. The project team has stated that the claim process is open, but it will not remain so indefinitely. After the first phase concludes, fewer opportunities will be available, leaving many with limited or no options. Rick McCracken Warns XRP Holders Of Imminent Deadline Cardano community member Rick McCracken is now urging XRP and Cardano holders to pay attention. He reminded users that only 10 days remain to claim their free Midnight (NIGHT) tokens. The first phase of the airdrop, known as the Glacier Drop, will officially close on October 4 at 12:00 p.m. UTC, after which any holder who has not claimed their share will no longer be able to receive it in this phase. This reminder has raised an alarm because many XRP holders are yet to act. The risk is clear: failing to claim means missing out on tokens that could be worth millions in the future. Cardano founder Charles Hoskinson has also given updates on the claim process. He explained that tens of thousands of addresses have already taken their share of NIGHT tokens. Millions At Stake As Midnight Airdrop Enters Final Phase The claim portal for NIGHT tokens opened on August 5, allowing 33.6 million addresses across eight major blockchains to participate. The supported networks include Cardano, XRP, Bitcoin, Ethereum, Solana, Avalanche, Basic Attention Token, and BNB. From the very beginning, the distribution was to allocate half of the supply to Cardano users, 20% to Bitcoin holders, and the remaining 30% to other chains. So far, more than 70,000 users have claimed over 1.6 billion NIGHT tokens. XRP holders, however, account for only 5.72% of the claims so far, indicating that many have yet to take action. It leaves a considerable amount of unclaimed value still on the table. With only days left in the Glacier Drop, the clock is ticking for XRP holders to protect their stake. After the Glacier Drop ends, the Scavenger Mine will begin. In this next phase, users can collect unclaimed NIGHT by completing basic computer tasks. Later, the Lost and Found phase will open for those who missed the first round. However, any tokens remaining after these steps will be allocated to the project’s treasury and will be permanently lost. That is why XRP holders face the real risk of losing millions in value if they fail to act before October 4.

A Nasdaq-listed company just moved to put its stock on Ethereum on the same day Ether slipped below $4,000 amid a fresh wave of liquidations. SharpLink Gaming (Nasdaq: SBET) announced Thursday it will tokenize its SEC-registered common stock on the Ethereum blockchain, becoming the first US public company to issue equity on Ethereum natively. The move, in partnership with Robert Leshner’s Superstate, comes as Ethereum’s price slid back below $4,000 on September 25. The Minneapolis-based sports gaming and technology firm aims to test compliant secondary trading of tokenized shares on automated market makers (AMMs). Superstate will serve as SharpLink’s digital transfer agent as part of the deal, while its “Opening Bell” platform will handle the on-chain issuance. “Tokenizing SharpLink’s equity directly on Ethereum is more than a technical milestone, it’s a statement about where we believe the future of the global capital markets is headed,” said Joseph Chalom, SharpLink’s co-CEO. Robert Leshner, founder and CEO of Superstate, called the launch a “milestone” and said the company planned to work together on enabling compliant DeFi trading of tokenized public equities. This development highlights how traditional firms are experimenting with blockchain infrastructure at a time when the crypto market is under pressure. Ethereum is facing renewed selling pressure below key levels. Why Did Ethereum Drop Below $4,000 Amid Heavy Liquidations? Ether dropped below $4,000 on Thursday, as derivatives markets saw heavy unwinding. CoinGlass data shows that in the past 24 hours, long traders faced about $332M in liquidations, adding to nearly $718Min losses this week. (Source: Coinglass) According to Lookonchain data, one large wallet, “0xa523,” took a single $36.4M hit. ETH recently dropped below $4,000, printing lower lows, while the RSI climbed off oversold levels around 27.37. He said that divergence often marks the end of a selloff and the start of a relief rally. (Source: X) If momentum holds, ETH could attempt to retest nearby resistance, though analysts cautioned that broader sentiment will decide whether the rebound sticks. Together, the two analyses frame the current drop as a possible turning point: one suggesting patient accumulation, the other pointing to a technical setup for a bounce. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Sharpbet Makes Stock Tokenization Gamble As ETH Price Loses $4,000 appeared first on 99Bitcoins.

The US Dollar has been rallying steadily since its pre-FOMC lows, with Powell’s not-so-dovish speech last week marking the start of a V-shape reversal from the sharp pre-meeting downfall. Despite another appearance from the Fed Chair at a Rhode Island conference on Tuesday—where his strong emphasis on employment could have been read as a dovish catalyst—markets didn’t budge. Instead, the DXY finished higher that day, signaling that markets already priced in Powell’s words and participants are now looking for something else. The decisive move came from this morning's Jobless Claims beat, combined with even higher Q2 GDP, which markets saw as another reason to extend the Dollar’s buyback. The greenback is up roughly 0.40% on the session, reclaiming a key pivotal level that had been holding back momentum. Some technical aspects warrant signs of change in the previous trend. The question will now be whether the change will be more temporary or the start of a new trend. The index’s double bottom, formed right ahead of last Wednesday’s FOMC meeting, is now acting as a solid base. Layered onto this market backdrop is a strangely tense geopolitical environment. Nothing major has erupted yet, but Eastern European nations continue to report threats from Russia, and US Secretary of War (precedingly Secretary of Defense) Pete Hegseth has convoked all generals for a meeting next week—no reason announced. Whether this is an operational matter or a potential political headwind, it adds a layer of uncertainty that could further bolster dollar demand. All in all, the US dollar rally is changing current market flows, and particularly when looking at the charts of the first three quarters, any higher continuation may continue rewire markets quite remarkably. With some geopolitics quietly simmering and a few technical signs, one can expect lots of change going forward. Read More: What’s happening in this volatile session? A look around global marketsIs the Euro trade still on? Outlook vs USD, CAD and CHF Before anything, let's have a look at the US Yields to see what's the story with the Federal Reserve expected cuts since the beginning of August. US 2Y Yield US 2-Year Yield, September 25, 2025 – Source: TradingView We spot a rejection zone that has formed since FOMC right around the 3.50% mark, with the 2-Year Yield now up above 10 bps (basis points) since the Wednesday FOMC. Failing to breach the Liberation day lows (3.45%), a more positive picture is drawing from the latest round of US data which reduces angst about the labor market, hence less need for rate cuts. The dollar becomes more attractive as yields increase, but the story is more complex. Markets might be getting afraid that still extreme deficits will prevent an economy slowdown. It is for that reason that FED speakers keep mentioning their decision making as data dependent, which in turns provides more confidence in the Federal Reserve's independence, hence an increase dollar demand. The daily FX picture is pretty bloody for Dollar bears Daily FX picture, September 25, 2025 – Source: TradingView Dollar Index Multi-timeframe outlookDXY Daily Chart Dollar Index (DXY) Daily chart, September 25, 2025 – Source: TradingView A week after the FOMC candle, the double bottom got confirmed by the following price action: The DXY is up 2.42% since marking new 2025 lows at 96.20. Today's huge +0.70% performance easily broke through previous highs and now goes to test August 1 highs (before the huge miss in the July NFP). The upcoming price action will have a huge influence on other assets, particularly in the case of a dollar breakout. A Head and Shoulders pattern has formed and time will tell if it will complete – The fundamentals do seem to corroborate with that theme for now.. Let's have a closer look to see more details. DXY 4H Chart Dollar Index (DXY) 4H chart, September 25, 2025 – Source: TradingView Prices have broken and retested the August downward trend before flying higher in today's session. Ongoing mean-reversion gives the USD a break in its ascend. Participant will now look to see if prices get rejected much further, with a consolidation near today's highs giving increased odds of upside breakout. Such a scenario could point to 99.25, target of the Head & Shoulders or even higher, depending on how strong the price action gets. Positioning in the Dollar is always very complex and leads to tricky action. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Ethereum is struggling to defend the $4,000 level after losing more than 11% of its value since Monday. The sharp decline highlights how quickly sentiment has shifted, with bulls losing control of momentum and sellers stepping in to capitalize. This pullback comes after weeks of upward pressure that had pushed ETH toward multi-month highs, but the latest selloff suggests the market has entered a corrective phase. Despite this, not all analysts are pessimistic. Some see the move as a healthy consolidation rather than the beginning of a deeper downturn, arguing that Ethereum is simply digesting its prior gains before attempting another push higher. The key question is whether ETH can hold above the $4,000 mark, a level that now represents a psychological and technical battleground for traders. Adding intrigue to the situation, Lookonchain reports that major institutions and liquidity providers, including Kraken, Galaxy Digital OTC, BitGo, and FalconX, have been sending massive amounts of ETH into a limited set of wallets. This unusual flow pattern has sparked speculation, with some suggesting these addresses may be linked to accumulation strategies or ETF-related demand. Ethereum Accumulation By Big Players According to Lookonchain, 11 wallets collectively received 295,861 ETH—valued at approximately $1.19 billion—from major institutions and service providers, including Kraken, Galaxy Digital OTC, BitGo, and FalconX. This large-scale transfer comes at a time when Ethereum is under intense pressure, trading just above the $4,000 mark after a sharp correction earlier in the week. While the broader market is struggling with volatility and fading momentum, these flows suggest that big players are positioning for the coming months. The scale and concentration of these transfers indicate strategic accumulation rather than short-term speculation. Such wallets are often linked to entities that manage liquidity for institutional products, or in some cases, to accumulation addresses associated with long-term holders. This behavior adds another layer to Ethereum’s current narrative. Despite price weakness, deep-pocketed buyers appear willing to absorb supply, signaling confidence in Ethereum’s medium- to long-term prospects. Analysts argue that this type of activity often precedes a stabilization period, followed by a potential recovery once selling pressure eases. For now, the spotlight is on whether Ethereum can defend the $4,000 support. If bulls manage to hold the line, this accumulation trend could provide the foundation for the next leg higher once market sentiment improves. Testing Critical Demand Level Ethereum’s price action has entered a fragile stage as the chart shows ETH struggling to maintain the $4,000 level after a sharp decline. The 4-hour candles highlight a significant breakdown from the $4,200 zone, with the price currently hovering just above $4,030. This decline reflects the heavy selling pressure weighing on the market, consistent with ETH’s recent 11% drop since Monday. The moving averages illustrate the bearish shift clearly. ETH is trading below both the 50 EMA and the 200 EMA, signaling short-term momentum loss and potential for extended downside if bulls fail to reclaim these levels quickly. The steep rejection from $4,600 earlier in September now appears to be a local top, with successive lower highs confirming weakening momentum. On the downside, $4,000 serves as a psychological support, but a decisive break below this level could expose ETH to deeper retracements toward $3,800. On the flip side, a rebound above the EMAs would be a critical bullish signal, suggesting renewed demand. Featured image from Dall-E, chart from TradingView

Despite the best efforts of today’s US GDP report, which upgraded Q2 growth estimates by some margin, US equities trade lower in today’s session and look to set to continue a three-day losing streak. Dow Jones, Nasdaq-100 and S&P 500: Key takeaways 25/09/2025 At the time of writing, the Dow Jones stands at $45,911, down 0.67% for the day, while the Nasdaq-100 and S&P 500 are at $24,325 and $6,604, down 0.91% and 0.71%, respectivelyWhile failing equity pricing following hot US GDP numbers seems counterintuitive, markets are interpreting how the economic data showing a stronger-than-expected economy will affect upcoming monetary policy decisions by the Federal Reserve Read the full release: Gross Domestic Product 2nd Quarter 2025 (Third Estimate)... U.S. Bureau of Economic Analysis (BEA), 25/09/2025 US Equities continue losing streak despite positive GDP revision At face value, the notion that strong economic growth, or at least, stronger than previously expected economic growth, could actually devalue US equities is confusing to say the least. Not only considering today’s release, which revised Q2 growth from 3.3% to 3.8% as part of the final estimate, but also comparing GDP numbers from Q1 to Q2, there is reason to be more optimistic about the US economy than was twenty-four hours ago. So why have US equities sold off across the board? The answer, as ever, is how today’s data affects future monetary policy decisions made by the Federal Reserve. In simple terms, rate cuts are harder to justify when the economy is reportedly strong. Given today’s data, some are asking questions about how aggressively the Federal Reserve will choose to continue its easing cycle, which started only last week in the form of a 25 basis point cut. While further rate cuts before year-end remain overwhelmingly likely, any suggestion that rate cuts are becoming less likely, or harder to justify, courtesy of strong data, will typically hurt equity pricing, with lower interest rates promoting higher economic growth. In a nutshell, the good news of a strong economy can be considered bad news for equities in the current market cycle, as it questions the notion that lower interest rates are coming, a key catalyst for a continued market rally. The proof is in the metaphorical pudding, of course, and while the dollar has gained today, US equities remain somewhat off the boil as they retrace from previous highs. DJIA (Dow Jones 30): Technical Analysis 25/09/2025 US30USD (Dow Jones Industrial Average), OANDA, TradingView, 23/09/2025 While still firmly in bullish territory, price action in today’s session could break the current trendline, suggesting at best some consolidation will need to take place, or at worst, some downside might be possible in the short-termForming throughout Tuesday’s trading, price action on the daily time frame is close to a gravestone doji candle, which has been followed by some textbook downside Likely support S1: $45,642 S2: $45,060 Likely resistance R1: $46,480 Nasdaq-100: Technical Analysis 25/09/2025 NAS100USD (Nasdaq-100), OANDA, TradingView, 23/09/2025 Boasting the best percentage performance of the three YTD, the Nasdaq-100 has broken the upward trend line in today’s session, suggesting price will need to consolidate or will risk a move to the downsideIn line with Fibonacci, on the daily timeframe, price has further to fall, with $24,035 being the next area of support. Especially regarding US tech, some continue to cast doubt over current valuations, with the collective P/E ratio averages slowly on the rise throughout 2025S&P 500: Technical Analysis 25/09/2025 SPX500USD (S&P 500), OANDA, TradingView, 23/09/2025 Telling a similar story to the Nasdaq-100, the most recent S&P 500 uptrend has been broken in today’s session, assuming price closes at or below current valuationsAccording to the ADX on the daily timeframe, the current trend strength is weakening, and trading at levels was last seen in a period of consolidation in mid-August. We can expect some support to be found around $6506 Read more coverage MarketPulse: Swiss National Bank maintains interest rates, US GDP revised higher,Swiss franc slips Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Ripple has unveiled a partnership that places its RLUSD stablecoin at the center of tokenized finance involving BlackRock and VanEck. The announcement, which was shared on the company’s official X account, connects Ripple directly to tokenized versions of institutional funds and sets the stage for deeper integration between the XRP Ledger and some of the largest names in asset management. Ripple And Securitize Join Forces Ripple confirmed that it is working with Securitize,the world’s largest tokenization platform, to bring in real-time liquidity for institutional assets provided by BlackRock and VanEck. Through this arrangement, holders of BlackRock’s $BUIDL and VanEck’s $VBILL can instantly convert their fund shares into RLUSD, allowing them to retain access to on-chain yield. With the partnership, BUIDL and VBILL holders will now be able to instantly exchange their shares for RLUSD 24/7. Acording to the announcement, Securitize is also expanding integration with the XRP Ledger. Considering Securitize is one of the largest tokenization platform, this move increases the XRP ecosystem’s exposure to tokenized assets and strengthens Ripple’s push to imporove its on-chain financial infrastructure. “Making RLUSD available as an exchange option for tokenized funds is a natural next step as we continue to bridge traditional finance and crypto,” said Jack McDonald, SVP of Stablecoins at Ripple. “ Ongoing Discussions Around Ripple and BlackRock Speculation around Ripple’s relationship with BlackRock has been building for months, and many in the industry have linked Ripple’s cross-border settlement technology to the asset manager’s vision for tokenization. The company is now working to tokenize $2 trillion worth of assets on the blockchain. BlackRock launched its first tokenized fund, BUIDL (BlackRock USD Institutional Digital Liquidity Fund), in March 2024, doing so through Securitize’s infrastructure. Securitize serves as the platform that tokenizes BlackRock’s fund, issuing digital tokens that represent ownership of the underlying real-world assets. The implications are significant. Ripple has managed to secure a foothold in the conversation by tying RLUSD to tokenized funds. Ripple’s RLUSD is now linked not only to BlackRock’s BUIDL but also to VanEck’s VBILL fund. This creates a direct link between Ripple’s stablecoin ecosystem and products from two of the world’s biggest asset managers. The partnership can be viewed as an important step that could eventually pave the way for XRP itself to be tied into BlackRock’s tokenization efforts. This partnership also speaks to Ripple’s strategy of expanding the utility of RLUSD. Since its launch, the stablecoin has steadily grown in adoption, reaching a market capitalization of about $742 million. The collaboration with Securitize, and through it with BlackRock and VanEck, also improves XRPL’s presence in the real-world asset (RWA) tonization sector.

The Swiss franc is sharply lower on Thursday. In the North American session, USD/CHF is trading at 0.8013, up 0.78% on the day. SNB holds rates, warns about US tariffs The Swiss National Bank held its benchmark rate at zero earlier today. The decision was widely expected. The Swiss franc has fallen sharply today but that is more likely due to the surprising strong US GDP release, rather than the SNB rate cut. The SNB statement noted that inflation had remained virtually the same in the second quarter and the inflation outlook called for little change. However, members expressed concern about the slowdown in global economic growth and the uncertainty over US tariffs. The statement said that the Swiss economy had been affected by the US tariffs, dampening the export sector. In particular, the machinery and watchmaking industries had been hit, but the impact on the services sector had been limited. Switzerland has been hit with massive tariffs of 39% on Swiss goods, and the statement warned that the economic outllook for the country remains "uncertain". US GDP surprises on the upside Third-estimate GDP climbed to 3.8% in the second quarter, a strong improvement from the 3.3% gain in the second estimate. This was above the consensus of 3.3%. The gain was driven by stronger consumer spending and a sharp decline in US imports. The tariffs continue to create uncertainty and could dampen consumer spending as the price of imports rise. There are concerns that GDP will fall significantly in the second half of the year. The Federal Reserve signaled at last week's meeting that it planned to cut rates twice more before the end of the year, but today's strong GDP data lowers the pressure on the Fed to ease policy. The markets have priced in an October rate cut at 88%, according to CME's FedWatch. USD/CHF Technical USD/CHF has pushed above resistance at 0.7971 and 0.7990. Above, there is support at 0.80220.7939 and 0.7920 are providing support USDCHF 1-Day Chart, September 25, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The wave pattern on the 4-hour chart for EUR/USD has not changed for several months, which is very encouraging. Even when corrective waves are forming, the structure remains intact. This allows for accurate forecasts. It is worth remembering that wave patterns do not always look like textbook examples. Right now, the structure still looks very good. The upward trend section continues to build, while the news background mostly does not support the dollar. The trade war launched by Donald Trump continues. The confrontation with the Fed continues. Market "dovish" expectations for Fed rate policy are rising. The market is rating the results of Trump's first 6–7 months very poorly, even though economic growth in Q2 reached nearly 4%. At present, we can assume that impulse wave 5 is still being built, with targets potentially extending as far as the 1.25 level. Inside this wave, the structure is rather complex and ambiguous, but on the larger scale it raises few questions. Three upward waves are visible, so at the end of last week the pair moved on to building wave 4 of 5, which may take a three-wave form. The EUR/USD pair lost 75 basis points on Wednesday and another 50 today. If yesterday the market had no real reason to sell the euro, today it found them. Overall, this is one of the first times in the last 8–9 months that the dollar has looked at least somewhat attractive to traders for the longer term. We will discuss this in more detail later, but for now let's focus on the immediate developments. Today, the U.S. released the final Q2 GDP report. Recall that the first estimate showed growth of 3%, the second – 3.3%, and the final – 3.8%. Interesting. Does Donald Trump now have no complaints against the Bureau of Statistics? No more dismissals? How to treat this figure is up to each market participant. Personally, after the dismissal of Erika McEntarfer, I will always have doubts about the honesty of the published numbers. The Bureau of Statistics is now headed by "Trump's man," so I would not be surprised if the real growth figures are much more modest. Still, that is just speculation. The fact remains that the U.S. economy grew by almost 4% in Q2. Naturally, this report supported dollar buyers. The durable goods orders report also came in higher than expected. The wave pattern has not been violated yet, but it continues to suggest growth for the instrument, not decline. If the decline continues (under the influence of news flow), the pattern will need adjustments. General conclusionsBased on the EUR/USD analysis, I conclude that the pair continues to build an upward trend section. The wave pattern still depends entirely on the news background linked to Trump's decisions and the internal and external policies of the new White House administration. The targets of the current trend section may extend as far as the 1.25 level. At present, the pair is declining within a corrective wave, but the upward wave structure remains valid. Therefore, I remain interested in buying in the near term. By the end of the year, I expect the euro to rise toward 1.2245, which corresponds to the 200.0% Fibonacci level. On the smaller scale, the entire upward trend section is visible. The wave pattern is not the most standard, as the corrective waves are of different sizes. For example, the larger wave 2 is smaller than the internal wave 2 of 3. But this also happens. I remind you that it is best to identify clear structures on the chart, rather than tie yourself to every wave. The upward structure now raises virtually no questions. Main principles of my analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often change.If you are not confident about what is happening in the market, it is better to stay out.Absolute certainty in market direction never exists. Always use protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

XRP stands at a pivotal point as it approaches the $2.97–$3 resistance zone. Holding above this level could confirm bullish momentum and spark the next Wave 3 rally, but a rejection here risks triggering a deeper correction. Perfect Retest: $2.79 Support Holds Strong CasiTrades, a crypto analyst, recently shared an update on XRP’s ongoing market structure, pointing out that the backtest of the $2.79 support level was flawless. According to CasiTrades, this was precisely where momentum was expected to re-enter the market, and buyers have indeed shown strength at this zone. She emphasized that the macro 0.5 Fibonacci level is continuing to act as a major support, anchoring XRP during the broader correction phase. Despite this positive reaction, the analyst cautioned that the market is not entirely clear just yet. While the bounce from support shows encouraging signs, XRP still has work to do to confirm a fully bullish reversal. CasiTrades explained that for XRP to invalidate the risk of a deeper correction, the price must break and sustain above the $2.97 level. This mark, representing the 0.854 retracement and the bottom of Wave 1, is a crucial barrier that could alter the trajectory of XRP if successfully reclaimed. The analyst added that the full confirmation of support would only come if XRP manages to flip the $3.00 level, which aligns with the macro 0.382 Fibonacci retracement range, into a reliable support zone. Strength Or Collapse: XRP Market’s Defining Moment CasiTrades laid out the two potential paths for XRP based on its reaction to the key resistance levels. If the asset successfully breaks above the previously mentioned resistance points, namely $2.97 and $3.00, it would signal a major strength and confirm a new trend for what she refers to as Wave 3 up. This outcome would likely validate the recent rally and suggest that the correction is over. Conversely, she warns of a potential downside if those resistance levels are not broken. In this scenario, the market could retest the $2.79 support level once again. A more bearish outcome would see the price dip even lower, toward the $2.58 level, which corresponds to the .618 Fibonacci retracement level. Thus, the crypto analyst concludes by emphasizing the importance of closely monitoring these levels on the RSI (Relative Strength Index) for any signs of exhaustion. The RSI is a momentum oscillator, and watching it in conjunction with the price action could provide early warnings of a potential reversal, helping to confirm whether the trend is strong or if a pullback is imminent.

Silver prices rose above $45 an ounce for the first time since 2011 on Thursday, bolstered by an increased risk-off sentiment in equity markets amid worries about the trajectory of the US economy. Spot gold hit an intraday high of $45.07 — its highest in over 14 years — before pulling back to around $44.70 per ounce, for a 1.8% rise. Click on chart for live prices. The move takes silver’s year-to-date gains up to over 55%, surpassing that of its more expensive sister metal gold, which has seen multiple record highs this year. The bullish drivers include a weakening US dollar, relentless central bank buying and rising geopolitical risks. Surging demand for gold exchange-traded funds this month is also signalling a growing clamor for safe-haven assets. Inflows into global gold ETFs surged to a record $10.5 billion so far in September, with year-to-date inflows exceeding $50 billion, according to Citigroup. “ETF has outshined all other gold demand sectors this year and is the single most important contributor to the gold price rally in our view,” the bank’s analysts said in an emailed note. In recent weeks, precious metals have been gaining momentum as markets anticipated the beginning the Federal Reserve’s rate cut cycle. Since its first 25-basis-point cut last week, US stock markets have come under pressure amid stretched asset valuations. The second-quarter GDP data on Thursday clouded the Federal Reserve’s policy path, as a surprise economic lift may have dampened expectations of further cuts. Looking ahead, traders will focus on the US personal consumption expenditures price index due Friday. The Fed’s preferred measure of underlying inflation likely grew at a slower pace last month, which would boost the argument for rate cuts. “Softer inflation could strengthen the case for Fed rate cuts, supporting bullion, with markets pricing two cuts this year,” Kaynat Chainwala, analyst at Kotak Securities, said in a Thursday note. (With files from Bloomberg) Sponsored: Take advantage of silver’s timeless value — explore silver bullion options with Sprott Money.

Foran Mining’s (TSX: FOM) construction progress at its McIlvenna Bay zinc-copper project in Saskatchewan is putting it on track to start commercial production by the middle of next year’s second quarter, analysts said after a recent site tour. The tour, joined by provincial Premier Scott Moe and other government representatives, came just days after Foran released an update on construction at McIlvenna Bay, where the build is about 56% finished. “The tour underscored McIlvenna Bay as a project of national importance, and highlighted the significant state of construction, operational readiness, scale potential underpinned by [the project’s Tesla zone], and further exploration upside,” BMO Capital Markets analyst Rene Cartier said in a note on Thursday. He upgraded Foran shares to Outperform and raised the target price to C$4.50 apiece from his previous target of C$3.75. Foran shares dropped 0.5% to C$3.63 each mid-Thursday in Toronto, for a market capitalization of C$1.87 billion. The stock has traded in a 12-month range of C$2.47 to C$4.69. Federal fast track Earlier this month, Prime Minister Mark Carney included the feasibility-stage McIlvenna Bay on a fast-track list for projects of national significance under the Major Projects Office. Foran has also drawn the interest of Agnico Eagle Mines (TSX, NYSE: AEM), which in May increased its stake in the company to 13.5% by investing C$90 million, as well as a C$350 million private placement that included C$156 million from the federally owned Canada Growth Fund. McIlvenna Bay represents the largest undeveloped volcanic-hosted massive sulphide deposit in the region and is located about 690 km north of Regina. In last week’s construction update, Foran noted that underground development advanced about 597 metres in August. More than 100,000 tonnes of ore was stockpiled, for total ore inventory of around 112,000 tonnes. The mine’s tailings area water management pond was also completed, as well as the main process plant building and HVAC installation throughout that plant. ‘Aura of calm’ “Our takeaway from interactions with the various project team members was an aura of calm alongside a projection of confidence to deliver the project on schedule, and in line with the revised budget,” Cartier said. In the update, Natural Resources Minister Tim Hodgson said the site’s progress shows why the federal government has given McIlvenna Bay fast track status. “With construction moving steadily and production expected next year, this project demonstrates what is possible when industry, Indigenous partners, and government work together,” he said in a release. ‘National priority’ “As one of the first five projects referred to Canada’s new Major Projects Office, McIlvenna Bay has been recognized as a national priority, demonstrating how a new greenfield mine can move from exploration to production while delivering on commitments to partners, local Indigenous communities, and shareholders,” Foran CEO Dan Myerson said in the release. McIlvenna Bay hosts 39 million indicated tonnes grading 1.2% copper, 2.16% zinc, 0.41 gram gold per tonne and 14 grams silver. Over an 18-year life, the mine will be capable of producing an average of 65 million lb. of copper equivalent annually, according to a 2022 feasibility study. This will include 34.5 million lb. of copper, 58.6 million lb. of zinc, 17,500 oz. of gold and 435,200 oz. of silver.