Yesterday, the Fed Chair gave a speech hinting at further interest rate cuts due to weak jobs data. This information has had an impact on the markets.

Market Overview

US equities closed with declines across all three indices on Tuesday (September 23rd, US), with the Nasdaq dropping the most at 0.95% after a speech by the Fed Chair. Although stocks were in the red, futures showed a slight recovery. Oil held steady around $63.7 per barrel, and gold remained high at $3796 per ounce.

Fed Chair Jerome Powell signaled a readiness to continue cutting interest rates if the job market weakens further, even though inflation remains above the 2% target (currently 2.7% headline, 2.9% core). He noted that monetary policy is still restrictive, job growth has stalled below 30,000 per month, and new data shows the US has about 1 million fewer jobs than previously reported. While Fed Chair Powell continues to emphasize the risk of "mild stagflation"—where jobs weaken while inflation hasn't completely cooled—he left the door open for further rate cuts, while acknowledging that there is no completely safe policy option. The internal Fed vote on the rate cut was very close (10–9), reflecting a clear division in policy direction.

Bitcoin saw a slight recovery, holding around $112,600. Most major altcoins were still down, though BNB saw a slight gain after hitting a new high. The overall crypto market capitalization is at $3.97 trillion.

US BTC spot ETFs continued to see outflows on Tuesday, with over $103 million leaving the funds. Following this trend, ETH spot ETFs also saw over $140 million in outflows. The SOL ETF, however, saw inflows of $2.5 million. This indicates a shift in investor sentiment, possibly from the leading cryptocurrencies to more speculative altcoins like Solana or emerging narratives.

Upcoming US Crypto Legislation

The market is awaiting a major announcement from Dennis Porter, CEO and co-founder of the Satoshi Action Fund, a political advocacy fund for Bitcoin. Porter has a history of revealing key information related to politics and BTC early, though he has also been accused of exaggerating. He continues to hint at a "very big" piece of news from Washington D.C., but at the time of this report, no official announcement has been made, leaving the community both hopeful and skeptical.

Meanwhile, Patrick Witt, executive director of the White House Council on Digital Assets, stated at Korea Blockchain Week 2025 that he expects the Crypto Market Structure bill to be passed before the end of the year. The White House is working with both the House and the Senate to resolve any remaining issues and present the bill to the President. The market structure bill is long-awaited in the US and would establish clear regulations on how crypto exchanges, brokers, stablecoin issuers, and tokens are regulated, providing the crypto industry with a unified legal framework at the federal level. Passage of the bill has been delayed due to budget impasses and the risk of a US government shutdown at the end of September. If Congress does not reach an agreement soon, the progress on crypto laws will be postponed. The Trump administration is working to pass this law before the 2026 election to ensure long-term stability and avoid risks from a change in administration. The law would create a clear legal framework, encouraging investment, asset tokenization, and stronger participation from banks and large funds in the crypto market.

When to Buy BTC: The Long-Term Investor's Mindset

A question I often receive is when to buy Bitcoin. It's clear that timing the market precisely is impossible; what's important is a long-term investment strategy, dollar-cost averaging, and risk management. This question reminds me of the saying, "Volatility is the price you pay for performance."

History shows that Bitcoin can have deep corrections of 50-80%, but anyone who has held it for over four years has generated a profit. Similarly, many large stocks like Nvidia, Amazon, or Tesla, despite strong long-term growth, have gone through many corrections of 20-70%. Even the S&P 500 has typically fallen by 20-30% during crisis periods. The key takeaway is that high returns always come with significant volatility. Investors need to prepare mentally, accept corrections, maintain conviction in their chosen assets, and stick to a long-term vision if they choose to invest in assets like BTC.

Other Key Crypto & Market Updates

The Aster token saw a strong 23.2% increase after being mentioned by CZ in an interview, suggesting a new direction towards decentralized exchanges after he was no longer allowed to run Binance as part of his 2023 plea deal. On Aster, the HYPE token of Hyper Liquid was listed, which is known for its up to 300x leverage—the highest on the market. This highlights a shift towards new and highly speculative platforms.

Boerse Stuttgart Digital, the crypto subsidiary of the Stuttgart Stock Exchange (Germany), is opening a new office in Madrid, bringing its total to 8 offices in Europe. The company offers MiCA-compliant crypto trading and custody services, targeting banks, brokers, and asset management firms. Spain is projected to have a crypto adoption rate exceeding 50% in 2025, which presents a significant opportunity, and Boerse Stuttgart Digital has already started negotiations with major domestic banks.

Deutsche Bank believes there will be room for both gold and Bitcoin to coexist on central bank balance sheets by 2030. This institutional recognition of Bitcoin's role as a reserve asset is a significant development.

The Central Bank of Kazakhstan has partnered with Solana and Mastercard to trial the Evo (KZTE) stablecoin, which is pegged to the tenge. The token is issued by Intebix and Eurasian Bank within a legal sandbox. Key applications include: expanding the conversion channel from crypto to fiat, payments via crypto cards, and supporting exchange transactions.

Forward Industries (FORD) has partnered with Superstate to tokenize its stocks on the Solana blockchain via the Opening Bell platform, allowing for flexible conversion between traditional brokerage accounts and Solana. If successful, FORD stock could be traded 24/7, with instant settlement, and used as collateral on DeFi platforms like Drift, Kamino, and Jupiter Lend.

AgriFORCE Growing Systems (AGRI) will rebrand to AVAX One and raise $550 million to become the first Nasdaq-listed company to buy AVAX, with the goal of holding over $700 million worth. The leadership team includes Anthony Scaramucci (SkyBridge Capital), Matt Zhang (Hivemind Capital), and Brett Tejpaul (Coinbase). Scaramucci is promoting AVAX as a blockchain for enterprises, following the trend of Wall Street building a "narrative" for each major blockchain.

Sources

• The New York Times
• Fox Business
• Bloomberg
• SEC
• White House Press Office
• Federal Reserve
• CryptoQuant
• Satoshi Action Fund
• Patrick Witt (X/Twitter)
• Deutsche Bank
• Boerse Stuttgart Digital
• Solana Official Announcements
• Mastercard Official Announcements
• Forward Industries Investor Relations
• AgriFORCE Growing Systems Investor Relations

Disclaimer

This article is for informational purposes only and should not be considered financial advice. Please do your own research before making investment decisions.