Quick Take
  • By Omkar Godbole (All times ET unless indicated otherwise)
  • The CoinDesk 20 Index was recently up 3% over 24 hours with all members in the green.
  • Traders can now focus on crypto-specific developments.
  • One standout is the SEC’s approval of "accelerated basis" listing standards for crypto ETFs, which cuts approval times to about 75 days from 240 days.

What Happened

In other news, decentralized blockchain bridge Wormhole announced new tokenomics, offering increased earning opportunities for token holders active in governance, along with a strategic reserve.

Sept. 18: Mavryk Network launches its mainnet and native MVRK token. Sept. 18: Rex-Osprey’s Dogecoin ETF and XRP ETF start trading on Cboe BZX Exchange under tickers DOJE and XRPR, respectively. Sept. 18: Unipoly Chain (UNP) mainnet launch. Sept. 18: Deadline for MKR holders to upgrade to SKY tokens to avoid penalties. MacroSept. 18, 7 a.m.: U.K. benchmark interest-rate decision Est. unchanged at 4%; followed by the release of MPC meeting minutes. Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3. Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K. Earnings (Estimates based on FactSet data)Sept. 18: Lite Strategy (LITS), pre-market Sept. 18: Mavryk Network launches its mainnet and native MVRK token. Sept. 18: Rex-Osprey’s Dogecoin ETF and XRP ETF start trading on Cboe BZX Exchange under tickers DOJE and XRPR, respectively. Sept. 18: Unipoly Chain (UNP) mainnet launch. Sept. 18: Deadline for MKR holders to upgrade to SKY tokens to avoid penalties. Sept. 18, 7 a.m.: U.K. benchmark interest-rate decision Est. unchanged at 4%; followed by the release of MPC meeting minutes. Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3. Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K.

Sept. 18: Unipoly Chain (UNP) mainnet launch.

Sept. 18: Deadline for MKR holders to upgrade to SKY tokens to avoid penalties.

Sept. 18, 7 a.m.: U.K. benchmark interest-rate decision Est. unchanged at 4%; followed by the release of MPC meeting minutes. Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3. Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K. Earnings (Estimates based on FactSet data)Sept. 18: Lite Strategy (LITS), pre-market Sept. 18: Mavryk Network launches its mainnet and native MVRK token. Sept. 18: Rex-Osprey’s Dogecoin ETF and XRP ETF start trading on Cboe BZX Exchange under tickers DOJE and XRPR, respectively. Sept. 18: Unipoly Chain (UNP) mainnet launch. Sept. 18: Deadline for MKR holders to upgrade to SKY tokens to avoid penalties. Sept. 18, 7 a.m.: U.K. benchmark interest-rate decision Est. unchanged at 4%; followed by the release of MPC meeting minutes. Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3. Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K.

Sept. 18: Lite Strategy (LITS), pre-market Sept. 18: Mavryk Network launches its mainnet and native MVRK token. Sept. 18: Rex-Osprey’s Dogecoin ETF and XRP ETF start trading on Cboe BZX Exchange under tickers DOJE and XRPR, respectively. Sept. 18: Unipoly Chain (UNP) mainnet launch. Sept. 18: Deadline for MKR holders to upgrade to SKY tokens to avoid penalties. Sept. 18, 7 a.m.: U.K. benchmark interest-rate decision Est. unchanged at 4%; followed by the release of MPC meeting minutes. Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3. Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K.

Sept. 18: Mavryk Network launches its mainnet and native MVRK token.

Market Context

Traders can now focus on crypto-specific developments. One standout is the SEC’s approval of "accelerated basis" listing standards for crypto ETFs, which cuts approval times to about 75 days from 240 days. A similar generic listing standard for traditional markets spurred a sharp increase in listings, as noted by Bloomberg’s Eric Balchunas.

This change promises cleaner integrations, easier tax treatment, and better compatibility with other DeFi protocols. The roadmap also signals a strategic pullback from less productive deployments on certain layer-2 and alternative layer-1 networks. The price of the AAVE token has risen over 4% in the last 24 hours.

Across traditional markets, the dollar remains well above its July lows — suggesting the Fed’s rate cuts were already priced in. The yen weakened against the dollar ahead of Friday’s Bank of Japan rate decision, with expectations for steady rates and hawkish forward guidance. Stay alert!

Sept. 18: Rex-Osprey’s Dogecoin ETF and XRP ETF start trading on Cboe BZX Exchange under tickers DOJE and XRPR, respectively.

Why It Matters

Another big story comes from DeFi giant Aave, which unveiled its V4 roadmap featuring a shift to ERC-4626 share accounting. Here’s the translation: Under Aave V3, if you deposited 100 DAI, the number of interest-bearing aTokens you hold would rise over time. With V4, you’ll still have 100 tokens, but the value of each token will increase instead.

Details

By Omkar Godbole (All times ET unless indicated otherwise)

Major cryptocurrencies, including bitcoin (BTC), rose following the Federal Reserve’s long-anticipated 25 basis-point rate cut and hints of additional easing by the year-end despite Fed Chair Jerome Powell's more hawkish tone at the following press conference.

The CoinDesk 20 Index was recently up 3% over 24 hours with all members in the green.

A popular post by pseudonymous observer G3ronimo made waves, arguing that Hyperliquid’s HYPE token is significantly undervalued. G3ronimo advocates using discounted cash flow (DCF) models over traditional multiples thanks to HYPE’s unique cash flow dynamics.

What to Watch

Crypto

Macro

Sept. 18, 8:30 a.m.: Philadelphia Fed Manufacturing Index Est. 2.3.

Sept. 18, 8:30 a.m.: U.S. Initial Jobless Claims for week ended Sept. 13. Est. 240K.

Earnings (Estimates based on FactSet data)

Sept. 18, 7 a.m.: U.K. benchmark interest-rate decision Est. unchanged at 4%; followed by the release of MPC meeting minutes.