Daily Market Wrap | Sep. 17

tokeninsight_newsPubblicato 2025-09-17Pubblicato ultima volta 2025-09-17

Hot Topics

  • The House-passed CLARITY Act is likely dead, with a bipartisan Senate bill set to regulate U.S. crypto markets and enhance the CFTC's role.
  • Gold prices in India fell to Rs 1,09,870/10g as markets await Fed's 0.25% rate cut and Powell's remarks on future easing.
  • 21Shares launches AI-focused AFET ETP and Raydium's ARAY ETP in Europe, reaching 50 crypto ETPs with over $11B in global assets.
  • Google launches open-source Agent Payments Protocol (AP2) for AI agents to handle secure transactions, including stablecoins, in partnership with Coinbase and over 60 firms.

Market Updates

  • Smart money's Ethereum staking focus post-2025 upgrades reduces volatility and boosts long-term ETH demand, but curtails retail arbitrage.
  • Galaxy Digital plans a tokenized money-market fund on Ethereum, Solana, and Stellar, with Anchorage Digital as custodian.

Crypto di tendenza

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Fed Research: Crypto Investors Driven by Beliefs, Returns Change Their Decisions

A new working paper from the Federal Reserve Bank of Cleveland provides a novel explanation for cryptocurrency's divergence from traditional financial assets. It finds that American crypto investors are distinguished not by demographics or risk tolerance alone, but by their radically different beliefs about future returns. This divergence in expectations better explains who owns crypto than factors like age or income, a reversal of the pattern seen with stocks or bonds. The research, based on surveys of up to 25,000 US households, shows crypto owners expected an average 22% annual return, compared to just 7% for non-owners. A one-percentage-point increase in an individual's expected return was linked to a 0.8-point rise in ownership likelihood. A randomized experiment revealed that simply showing information about Bitcoin's past 12-month performance increased respondents' desired crypto portfolio share by about 47% and spurred subsequent purchases, primarily among those who previously felt uninformed. The study suggests this dynamic—where past gains attract new buyers, pushing prices higher and reinforcing bullish beliefs—could fuel speculative bubbles. It also indicates crypto wealth gains are treated more like "gambling winnings" than permanent income, boosting purchases of durable goods but not everyday spending. The broader conclusion is that crypto volatility stems partly from investor disagreement and learning, not just market fundamentals. With widespread misunderstanding and shifting expectations driven by performance data, price swings are likely to remain a defining feature of the asset class. Future retail demand may depend not just on Bitcoin's price, but on what information investors receive about its past performance.

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Fed Research: Crypto Investors Driven by Beliefs, Returns Change Their Decisions

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Come comprare HOUSE

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510 Totale visualizzazioniPubblicato il 2025.04.27Aggiornato il 2026.06.02

Come comprare HOUSE

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Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di HOUSE HOUSE sono presentate come di seguito.

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