Latest Crypto News and Market Updates – September 24

1. BTC, ETH and SOL weaken as FOMO cools

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) continued to show weak momentum. All three major U.S. stock indexes closed lower, while crypto-related stocks also fell. The Fear & Greed Index returned to the “Fear” zone, signaling fading optimism.

2. ASTER rebounds to $2.08 on trading revenue boost

ASTER climbed back to $2.08, likely driven by the launch of trading mining. The protocol’s daily revenue surpassed $7M, keeping ASTER in the spotlight as one of the market’s most active tokens.

3. FTT jumps after a simple “GM” tweet

FTT spiked after three quiet days, triggered by a post from SBF’s X account saying just “GM.” Although SBF remains in prison, the post was reportedly made by a close friend with authorization. The account is expected to become more active.

4. UXLINK swings wildly with no clear news

UXLINK has been fluctuating by 10% up or down without any major updates. This is a clear case of “asymmetric information trading,” requiring extra caution from investors.

5. SIGN pumps after CZ praise, then dumps

SIGN, backed by YZi Labs, surged after CZ praised it on X but quickly corrected. CZ’s influence remains visible but less sustainable compared to previous cycles.

6. Tether reportedly seeks $20B funding at $500B valuation

Reports suggest Tether is seeking up to $20B in funding at a $500B valuation — putting it on par with OpenAI and SpaceX. By comparison, Circle is valued at just $30B. Market reaction: “Insane.”

7. XPL highly volatile before Binance Alpha listing

XPL futures continued to swing sharply ahead of its scheduled Binance Alpha listing on Sept 25. Negative rumors surrounding its development team add more uncertainty.

8. Tom Lee Fund predicts ETH won’t drop below $4K

An analyst from Tom Lee Fund forecasted that ETH will not fall below $4,000 and could rise to $5,500. Still, the market seems to be ignoring this optimistic outlook.

9. Powell and Trump spark market jitters

Powell’s speech was mostly positive, but his comment on “high stock valuations” triggered panic. At the same time, Trump announced the U.S. is preparing for strong new tariffs. Market reaction: “Both of you, calm down!”

10. U.S. set to pass crypto market structure bill

The White House confirmed that a bill on Bitcoin and crypto market structure is expected to be signed into law by the end of the year, marking a potential milestone for regulation.

11. AI Market: range-bound trading, whales in control

AI analysis shows BTC and ETH locked in short-term battles, with whales deploying high leverage on both sides. The market is trading within ranges, with strong capital rotation, though cash continues to flow out. Overall sentiment: cautious, with preference for major coins.

Overall: On Sept 24, the crypto market faced mixed signals: BTC, ETH, and SOL weakened, ASTER rebounded on revenue gains, FTT and SIGN drove short-term hype, Tether’s $500B valuation shocked the market, XPL remained volatile ahead of listing, while the U.S. prepared a landmark crypto bill.

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.