On September 19, data from the past 24 hours shows significant fund movements in both mainstream tokens and altcoins on-chain. In the case of Bitcoin, the transfer of BTC by the Bhutanese government has raised concerns about selling, with holdings still substantial; in the Ethereum market, whales and institutions are concentrating on taking profit, leading to short-term selling pressure; Solana continues to receive support from whales increasing their positions; tokens such as BNB, UNI, LINK, ASTER, and APX have experienced sharp fluctuations due to whale operations and long-term holders cashing out. At the same time, the supply of OVPP tokens is highly concentrated, and potential risks need to be taken into account.

Ethereum core developers announced plans to launch the highly anticipated Fusaka upgrade on the Mainnet on December 3rd. This significant update will greatly enhance network scalability while maintaining Decentralization and security, bringing new technological breakthroughs and application possibilities to the Ethereum ecosystem.

On September 19, following the Fed's interest rate cut, the DeFi market entered a phase of consolidation. The total TVL across the network slightly decreased to $161.73 billion, down by 0.06% over the last 24 hours. The total trading volume of DEXs fell back to $17.299 billion, a decrease of 8.7% compared to the previous period. In terms of on-chain dynamics, Ethereum DEX regained the top position with a daily trading volume of $3.861 billion, surpassing Solana; Meteora, Fluid, and Pendle remain active. Overall, the DeFi zone tokens showed mixed performance, with CRV and MORPHO rising against the trend, while MYX experienced a rollercoaster, falling nearly 25%.

Pi Network (PI) has been consolidating above $0.3500 for the fifth consecutive day, as the recently launched artificial intelligence "Know Your Customer" (( KYC) system has failed to immediately boost investor sentiment. However, the significant decline in wallet balances on Centralized Exchanges (CEX) and the active actions of large whales suggest that big investors are quietly buying the dips in preparation for a potential price breakout.

The Royal Canadian Mounted Police announced on September 19 that it has seized Crypto Assets worth CAD 56 million (USD 40 million) from the unregistered crypto exchange TradeOgre, setting a record for the largest cryptocurrency seizure in the country's history. Police stated that the exchange was suspected of facilitating Money Laundering for criminals and has been completely shut down.

ImmutableX (IMX) recorded a double-digit pump on September 19, hitting an eight-month high, while Near Protocol broke through the short-term resistance trend line, and Avalanche made a strong rebound driven by the integration of PayPal USD (PYUSD). These three major Crypto Assets were the best-performing assets in the market recovery over the past 24 hours, with technical indicators showing that the upward trend still has room for continuation.

Solana's native token SOL broke through $250 on Thursday, reaching its highest level in nearly eight months, and has risen 25% in the past 30 days, outperforming the market. The main driver of this strong rebound comes from enterprises, with public company Forward Industries leading the way, having accumulated 17 million SOL tokens worth $4.3 billion. With the SEC's new regulatory rules potentially accelerating the approval of a spot Solana ETF, along with the upcoming Alpenglow network upgrade, market sentiment is bullish. Technical analysis also shows strong upward momentum for SOL, with all key moving averages displaying bullish signals, indicating it may continue to rise.

Three new players are about to make the days of Ripple (XRP) even harder. Three major finance and technology giants are joining forces to launch a blockchain specifically designed for institutional funds and stablecoins – this is precisely the route that Ripple has been laying out for XRP for years. As competition intensifies, investors need to reassess the investment value and long-term prospects of XRP.

The price of Ripple (XRP) has returned to a growth trajectory, maintaining above $3 during Friday's trading session. This bullish momentum follows the Federal Reserve's announcement on Thursday of a 25 basis point rate cut, boosting investors' confidence in the upward trend of the coin, with long positions targeting the historical high of $3.66 set in July.

Despite REX-Osprey launching the first XRP ETF (XRPP) and setting a volume record, the spot price of XRP has fallen instead of rising, decreasing by about 2% in the past 24 hours. This divergence indicates that while there is strong institutional demand for regulated products, bearish sentiment among short-term market participants is dominant. The Long-Short Ratio of XRP has dropped to a 30-day low, and the money flow indicator shows that selling pressure is increasing, suggesting that its price may face the risk of dipping to $2.87 in the short term.

Kaleo, the co-founder of Solana, predicts that the price of SOL could ultimately reach $1,000. Behind this bold prediction is strong institutional demand, with the total Holdings in Solana's on-chain corporate treasury surpassing $4 billion, holding approximately 17 million SOL, which accounts for about 3% of the total supply. As major players like Forward Industries and Solmate continue to increase their Holdings, along with the emergence of the classic 'cup and handle' pattern on the charts, analysts believe SOL could break through $500 in the short term and eventually achieve a four-digit valuation.

Consensys CEO Joe Lubin has confirmed for the first time that the MetaMask Token is set to be released, and this token, which may be called "MASK", will drive the decentralization of key components of the wallet and may reward early active users. The confirmation of the launch of the MASK token marks a new stage in the development of Web3 wallets. From a mere infrastructure tool to an ecosystem with its own economic model, MetaMask is adapting to the increasingly fierce market competition.

After weeks of consolidation, Cardano (ADA) is showing signs of a potential breakout. The Chaikin Money Flow (CMF) has risen to a near two-month high, indicating that bullish sentiment is strengthening. If ADA can successfully break through the key resistance level of $0.96, its next target will be the closely watched $1 mark. However, traders should be cautious of the historical resistance at $0.93 and $0.96, as well as the risk of a pullback to $0.87 if the price fails to break through successfully.

Despite the fact that Bitcoin prices technically maintain a bullish structure, on-chain data shows that selling pressure from Whales and a younger coin age group with shorter holding times is increasing. Since September 15, approximately 30,000 Bitcoins have flowed out of large Wallets, while the spending ratio of multiple coin age groups has also risen significantly. These signals indicate that before the bull run trend resumes, Bitcoin prices may face a short-term pullback risk of 2%, with a key support level at $114,900.

By 2025, Real World Assets (RWA) have evolved from an emerging concept to a core component of Decentralized Finance (DeFi). The total value of on-chain tokenized assets has risen to approximately $30.26 billion. Market capital flows show a clear shift from low-risk assets like tokenized government bonds (around $7.3 billion) to high-yield products such as private credit (around $15.9 billion). This trend indicates that encryption investors are seeking higher real yields, transforming RWA from simple digital copies into composable building blocks of the DeFi ecosystem.

The first batch of Spot ETFs tracking XRP and DOGE began trading on Thursday, breaking market expectations with an astonishing volume on the first day. Launched by REX Shares and Osprey Funds, these two products had a total trading volume of up to $54.7 million. Among them, the XRP ETF (XRPR) achieved a trading volume of $37.7 million, making it the largest debut of all ETFs in 2025. Their successful issuance not only indicates strong demand from investors for altcoin assets but also opens up new avenues for future Crypto Assets fund products.

After the Fed lowered the interest rate by 25 basis points, the price of Bitcoin soared to a one-month high, briefly reaching $118,000. This pump was driven by multiple factors, including sustained capital inflows into the Spot ETF, large-scale withdrawals indicated by on-chain data, and bullish futures positions from traders. Analysts point out that if Bitcoin can hold the critical support at $115,000, the price is expected to rise further to $123,000 or even $137,000, but if it falls below that, there is a risk of a pullback.

On September 19, the price of Pi Network (PI) continued to oscillate narrowly above $0.3500, showing a persistent accumulation trend. This period not only ended the previous falling momentum but also laid the foundation for shaping future trends. As the price movement synchronizes, Pi Network successfully upgraded to Stellar protocol version 23, bringing new expectations for future development. The market is closely following whether it can break through the current consolidation range and initiate a new pump cycle.

Under the dual pressure of options expiration today (September 19) and the historic large-scale expiration next week, traders are preparing for potential fluctuations. Today, over $4.3 billion worth of Bitcoin and Ethereum options will expire. Although the market has rebounded after the approval of the ETF, analysis platforms like Glassnode warn that if Bitcoin fails to hold the key support level of $115,200, it may face the risk of dipping to $105,500.