Latest Crypto News and Market Updates – September 16

1. BTC, ETH and SOL fall for three straight days

Bitcoin, Ethereum, and Solana declined for a third consecutive session, though losses remain modest. Altcoins have shifted from “hot rallies” to “sharp sell-offs.” Meanwhile, U.S. equities rose, gold hit a record high, and markets expect the Fed to cut rates this week. Smart money, however, has already started defensive positioning.

2. PUMP hits new high on livestream hype

PUMP reached a new peak thanks to booming livestream features, sparking an on-chain MEME frenzy. Still, caution is advised as top livestream tokens like Bagwork have already plunged.

3. AVNT doubles after multiple exchange listings

AVNT surged 2x in just one day after being listed on Binance, Upbit, and Bithumb. As the largest derivatives platform on Base, it’s drawing attention. However, its $1.2B market cap is seen as pricey after the pump.

4. Linea pumps then corrects, MetaMask reveals mUSD

Linea briefly rallied before correcting, now holding a $2B market cap. MetaMask announced plans to launch the mUSD stablecoin — a signal that Linea may still hold “hidden cards.”

5. Altcoin liquidity weakens, Korean trader exits longs

Korean trader Nam Seok Hee, known for leveraged altcoin longs, has closed nearly all positions. Previous gains have flipped into losses as altcoin liquidity thins out.

6. Base considers native token launch

Base network leadership revealed they are considering issuing a native token — a potential milestone for the ecosystem.

7. Polymarket gains traction amid token rumors

Prediction market Polymarket is drawing increasing attention as rumors of a token launch spread. It’s becoming a project to keep an eye on.

8. “SOL Treasury” narrative overtakes “ETH Treasury”

Forward Industries accumulated 6.822M SOL at an average price of $232, with a total cost of around $1.58B. The “Solana Treasury” story is now outpacing Ethereum’s.

9. Ethereum Foundation pushes AI on-chain

Ethereum Foundation created a new group called “DAI” to advance AI on-chain applications, aiming to make Ethereum the coordination and payment layer for AI and the machine economy.

10. Lombard ($BARD) set to launch on OKX

Lombard is entering Boost Phase 2 on OKX ahead of launch. Users can trade daily to earn points and participate. Early trading price is around $198.

11. FOMC meeting set for Thursday

The U.S. FOMC meeting will take place early Thursday (Asia time). Markets expect significant volatility before and after the event.

12. AI Market outlook

BTC and ETH continue upward accumulation trends, with cautious capital deployment. Volatility is rising, driven by Fed rate-cut expectations and an ETF push in October. Altcoins are diverging, with capital rotating into SOL, AVNT, and other “hot trend” assets.

Overall: The market is in a sensitive phase ahead of the Fed’s rate decision. Altcoins remain highly volatile, SOL and AVNT attract flows, and Ethereum is positioning itself as an on-chain hub for AI.

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.