Latest Crypto News and Market Updates – September 11

1. BTC, ETH and SOL rally, SOL leads the charge

Bitcoin, Ethereum, and Solana all turned positive. ETH is slowly reclaiming its EMA30, while Solana (SOL) stood out with a new local high at $224.

2. LINEA completes TGE but price drops

LINEA successfully launched its TGE, though its price tumbled afterward. The project’s FDV currently stands at $1.7B.

3. BNB hits all-time high above $908

BNB surged past $908, setting a new record. Some analysts suggest it may be the most resilient project within the BNB ecosystem.

4. PUMP and HYPE extend explosive growth

PUMP climbed to a $5.7B market cap, while HYPE crossed $18B. Both tokens remain extremely strong, but questions arise about their growth limits.

5. Binance delists BAKE, HIFI, SLF

Binance announced the delisting of BAKE, HIFI, and SLF. Despite the news, all three tokens spiked sharply in the short term and remain among today’s top gainers. Caution against FOMO is advised.

6. WLFI launches Project Wings on Solana

WLFI introduced Project Wings on Solana. BONKfun and Raydium Launchlab will open the first trading pair at $1 USD. The competition to crown the next “memecoin king” begins.

7. Unusual token transfers raise questions

Ethena’s custody wallet moved $196M worth of ENA to Coinbase. Meanwhile, the PENGU team sent around $6M in tokens to CEXs — sparking speculation in the community.

8. OKX completes MKR → SKY swap

OKX finalized the migration from MKR to SKY. SKY will fully replace MKR moving forward, while MKR’s price remains stable for now.

9. Large-scale ETH unstaking

Following Kiln’s exit from staking, over 2.65M ETH are queued for withdrawal from Ethereum, while 780K ETH are waiting to be staked. Despite this, the market remains calm.

10. SEC delays ETH and SOL ETF decisions again

The U.S. SEC has once again delayed its ruling on BlackRock’s ETH spot ETF staking feature and postponed Franklin’s SOL spot ETF review.

11. Falcon Finance to launch FF token sale

Falcon Finance (DWF Labs) will launch its FF token community sale on BuidlPad. The USDf supply has already reached $1.5B, promising big opportunities but fierce competition.

12. BMNR receives 46,255 ETH from BitGo

BMNR wallets received 46,255 ETH, pushing total holdings above $9.2B, even as its market cap sits at $7.9B. Debate grows on whether ETH is overpriced or BMNR undervalued.

13. Africa emerges as a crypto growth hotspot

Sub-Saharan Africa has become the third-fastest growing crypto market globally, with $205B in on-chain volume over the past year — only behind APAC and Latin America.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.