Latest Crypto News and Market Updates – September 12

1. Bitcoin, Ethereum and Solana surge on Trump effect

BTC, ETH, and SOL all posted strong gains as U.S. stock indexes hit new highs. Investor sentiment turned highly optimistic, driven by the so-called “Trump effect.”

2. HYPE hits $57, setting new all-time high

HYPE continued its strong rally, breaking above $57. In stablecoin USDH auctions, the win probability for Native Market soared to 93%.

3. PENGU jumps on Pudgy Party game success

PENGU rose to $0.036, likely boosted by news that Pudgy Penguins’ mobile game Pudgy Party surpassed 500,000 downloads. The recent correction may now be over.

4. Meme coin MYX drops 31%

MYX plunged 31% after sharp gains. Tokens not yet listed on Binance spot but traded on futures often attract speculative short-term flows, leading to high volatility.

5. Solana benefits from “crypto treasury” trend

SOL gained momentum as Multicoin Capital, Jump Crypto, and Galaxy led a $1.65B investment in Forward Industries (FORD) to build a treasury on Solana.

6. Altcoin Season Index rises to 65

The Altcoin Season Index climbed to 65. Once it hits 75, alt season officially begins. The market has exited “Bitcoin season” (below 25). This phase favors leading altcoins rather than broad market-wide rallies.

7. Tokenized U.S. stocks seen as inevitable

Tokenization of real-world assets (RWA) and U.S. stocks is emerging as the next big trend. BlackRock is planning to tokenize funds holding RWA and equities. Key question: which blockchain will be chosen and where will trading occur? Tokens like ONDO and Plume are worth watching.

8. Gold sets new high, on-chain gold in focus

Gold hit a new all-time high, up 33% over 25 years and 126% in just the past 3 years. On-chain gold assets such as PAXG are becoming increasingly attractive to investors.

Overall: Market sentiment is highly positive: BTC, ETH, and SOL benefit from strong inflows; HYPE and PENGU rally; MYX faces correction. Altcoin season and U.S. stock tokenization are shaping up as major market narratives.

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.