🗞 Top #CryptoNews: Mon, Sep 16 (24H)
1️⃣ #USDC positions to be native stablecoin on Sony #Soneium blockchain
2️⃣ First significant rise in #Bitcoin velocity since March shows spike in trading

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According to the announcement on September 16 from CoinMarketCap, Circle is planning to expand the use of its stablecoin USDC to the emerging Ethereum Layer-2 blockchain network, Soneium. This move aims to increase the accessibility and adoption of USDC across different blockchain ecosystems.

USDC will be the native stablecoin on the Sony Soneium blockchain

The Federal Reserve will hold a monetary policy meeting on the 17th and 18th of the month in Eastern Time, and will announce the latest interest rate policy around 2 a.m. Taiwan time on the 19th. It appears that a rate cut is a foregone conclusion, the key question is whether it will be a 25 or 50 basis point cut.

FedWatch data shows that the current market expectation is a 43% probability of a 25 basis point cut, and a 57% probability of a 50 basis point cut. A rate cut is generally seen as a major positive for risk assets like Bitcoin, as it will bring significant liquidity to the market. However, many experts are also concerned that if the cut is 50 basis points...

Will Bitcoin plummet if the Fed drops 2 digits? You should pay more attention to the two key points after the Fed’s decision

The price of Ethereum relative to Bitcoin has also fallen to its lowest level since April 2021.
Against the backdrop of volatility in the cryptocurrency market, the price of Ethereum has fallen 6% in the past 24 hours, from a high of $2,425 on September 15 to a low of $2,260 on September 16.
During the flash crashes on August 5 and September 7, the asset briefly fell below $2,200 and has now retreated to its lowest level since January.
Meanwhile, the overall cryptocurrency market has declined by 4%.