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CoinCatch Market Daily Report (September 10, 2025)
Beginner
2025-09-10 | 10m
On September 10, Bitcoin fell back to $111,836, and its short-term momentum weakened. Be wary of the risk of falling below $110,000; ETH was at $4,313, fluctuating and consolidating, awaiting direction confirmation; altcoins as a whole rose slightly, with the Fear and Greed Index at 43, indicating a state of "fear" in the market. Meanwhile, crypto asset manager Grayscale is willing to convert its Chainlink Trust into a spot exchange-traded fund (ETF); NFT marketplace turned trading platform OpenSea on Monday said it launched a $1 million reserve dedicated to buying “culturally relevant" non-fungible tokens (NFTs); Ant Digital Technologies, the blockchain arm of fintech giant Ant Group, is advancing efforts to bring over 60 billion yuan ($8.4 billion) worth of energy assets onchain.
Crypto Market Overview
BTC (-1.03% | Current Price: $111,836.65)
Bitcoin (BTC) has experienced a significant short-term pullback, currently hovering around $112,000. Trading volume has significantly increased during the decline, indicating a dominant bearish trend. If the price continues to fluctuate below $112,000, it could dip further to $110,000 for support. However, if it quickly stabilizes and reclaims the MA30, it could potentially return to the $112,000-113,000 range. Overall, BTC's short-term trend is weakening, and caution is advised against the risk of further pullbacks. On September 9th, BTC ETFs experienced a net inflow of $23.0 million, with BlackRock IBIT seeing $169.3 million inflows, Fidelity's FBTC seeing an outflow of 55.8 million.
ETH (-1.31% | Current Price: $4,313.99)
Ethereum (ETH) has recently been consolidating around $4,300, currently closing at $4,313.99. Trading volume has increased during periods of decline, but the rebound momentum is weak, indicating a fierce market scramble between bulls and bears. If the price breaks through $4,350 and sees strong volume, it could re-test the $4,380-4,400 resistance zone. A break below $4,280 could trigger a further correction, potentially testing the $4,237 low. Overall, ETH is currently in a period of volatile trading, with trading volume confirming its direction. On September 9th, ETH ETFs saw a net inflow of $44.2 million.
Altcoins
On September 10th, the fear & Greed Index is 43, indicating a state of "fear" in the market, down 1 point from yesterday. This sentiment suggests that some investors may be selling, while others might view it as a potential buying opportunity. However, the Altcoin Season Index has climbed to 60/100, suggesting early signs of money flowing into altcoins. This is approaching the threshold where altcoins typically begin to outperform Bitcoin.
One key factor influencing market optimism is the potential for a US Federal Reserve interest rate cut. A rate cut could ease financial conditions and support higher-risk assets like cryptocurrencies.
Macro Data
The US stock market is currently exhibiting mixed signals as of September 9th, 2025. While major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are trading near record highs, concerns are emerging about a potential slowdown in economic growth and the persistence of inflation above the Federal Reserve's 2% target.
Recent data, particularly a significant downward revision to US employment figures, suggests a weakening labor market. This has fueled expectations that the Federal Reserve may need to cut interest rates to stimulate the economy. Despite signs of a cooling labor market, inflation has remained stubbornly above the Fed's target. This complicates the outlook for interest rate cuts, as the central bank must balance the need to support growth with the risk of further fueling inflation. Key inflation reports, including the Producer Price Index (PPI) and Consumer Price Index (CPI), are due this week and could significantly influence the Fed's next interest rate decision. Global trade conditions continue to deteriorate, potentially impacting US economic growth. Geopolitical events, such as the ongoing Middle East conflict, could also affect investor sentiment and market stability.
On September 9th, the S&P 500 gained 0.27% to 6,512.61; the Dow Jones Industrial Average up 0.43% to 45,711.34; and the Nasdaq gained 0.37% to 21,879.49. As of 7:00 (UTC) on September 10th, the spot gold price was currently at $3,646.61 per ounce, a 24-hour increase of 0.10%.
Trending Tokens
BAKE BakeryToken (+180.91%, Circulating Market Cap: $28.78 Million)
BAKE is trading at $0.09913, up approximately 180.91% in the past 24 hours. BakerySwap is a decentralized automated market-making (AMM) protocol that is based on the Binance Smart Chain (BSC). The BAKE token is a native BEP-20 governance token on the platform. Users have the ability to earn BAKE tokens by providing liquidity on BakerySwap, and BAKE holders can use their tokens for governance voting and to receive transaction fee dividends. Binance announced BAKE’s delisting starting September 17, 2025 (KoinSaati), followed by ONUS halting BAKE trading on September 15. Delistings typically trigger sell-offs, but BAKE’s price rebounded due to low liquidity (market cap: $30.7M) and traders capitalizing on volatility. The token’s 90-day decline of -7.07% prior to the spike suggests panic selling exhaustion.
HIFI Hifi Finance (+35.84%, Circulating Market Cap: $10.76 Million)
HIFI is trading at $0.07590, up approximately 35.84% in the past 24 hours. Hifi is a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate. Hifi is made up of decentralized interest rate markets that mature on specific dates. Hifi markets use an Automated Market Maker model, in which users supply tokens to “liquidity pools” and an algorithm sets the interest rate based on supply and demand. Binance announced HIFI’s delisting starting September 17, 2025, prompting ONUS and other platforms to suspend trading (ONUS). While delisting typically triggers sell-offs, HIFI’s price rose as holders moved tokens off exchanges, reducing immediate sell-side liquidity. The circulating supply (141.8M HIFI) could tighten further if withdrawals accelerate, creating a supply shock.
IP STORY (+20.52%, Circulating Market Cap: $3.16 Billion)
IP is trading at $10.43, up approximately 20.52% in the past 24 hours. Story is a Layer 1 (L1) blockchain designed to serve as the foundation for intellectual property (IP) on the internet. It enables creators to register, license, and monetize their IP assets seamlessly. By leveraging blockchain technology, Story provides a transparent and efficient framework for IP attribution, licensing, and commercialization. On September 10, Heritage Distilling (Nasdaq: CASK) announced a $360M IP token reserve, making it the first public company to adopt Story’s token as a treasury asset. This follows a $220M PIPE financing round involving a16z and Polychain Capital. The move validates Story’s use case for programmable IP and introduces a $80T+ real-world market (intellectual property) to crypto. Heritage’s commitment to buy $82M worth of IP tokens at $3.40, now trading at $10.31, creates upward pressure as the Foundation uses proceeds for open-market buybacks.
Market News
First US Dogecoin ETF Expected to Debut Thursday as SEC Delays Bitwise's Proposal
While REX Shares and Osprey Funds' Dogecoin exchange-traded fund is set to list this week, the U.S. Securities and Exchange Commission on Tuesday delayed making a decision on Bitwise's Dogecoin ETF.
The SEC said in a filing that it needed a "longer period" before deciding on whether or not to approve or deny a proposed rule change that would pave the way for Bitwise listing an ETF tracking the popular memecoin. Bitwise's proposed DOGE fund also encountered a delay in June. The SEC on Tuesday also delayed action on Grayscale's spot Hedera ETF. Meanwhile, REX Shares and Osprey Funds' Dogecoin ETF, which has taken a different path towards listing, is scheduled to start trading this Thursday.
Leveraging the Investment Company Act of 1940, a U.S. federal law that regulates investment funds that pool capital from investors to pursue a common investment strategy in an effort to protect investors from conflicts of interest and fraud, REX Shares and Osprey Funds have found a way to list the first Dogecoin ETF with the ticker DOJE.
ALT5 Sigma adjusts Eric Trump's position and strengthens its market presence by acquiring a substantial stake in WLFI.
According to Forbes, ALT5 Sigma disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that, following discussions with Nasdaq, has adjusted the position of Trump's son, Eric Trump, from a proposed director to a board observer to comply with its listing rules. ALT5 Sigma also holds approximately 38% of World Liberty Financial's equity, as well as 22.5 billion WLFI tokens, and is entitled to approximately 75% of the proceeds from the token sale.
This move not only demonstrates ALT5 Sigma's proactive adjustment of its governance structure within a compliant framework, but also underscores its deep involvement and voice in the WLFI project. By controlling a large amount of token equity and profit distribution rights, the company is poised to dominate the future token economy and business expansion. However, the concentration of large tokens can also bring market volatility and regulatory risks. While investors should carefully assess the potential returns, they should also carefully assess the associated uncertainties.
Hyperliquid: USDH Auction Proposal Submission Deadline Is Today at 18:00, and Validator Voting Will Begin at 18:00 on the 14th
The Hyperliquid team announced in the community that teams bidding for USDH must submit proposals before 10:00 UTC on September 10; validators will publicly announce the voting objects before 10:00 UTC on September 11.
Users can delegate their stake to a validator that aligns with their preferences before the validator voting begins at 10:00 UTC on September 14th. Voting weight is calculated based on the staked amount, and the Foundation will effectively abstain from voting.
Reference:
CoinMarketCap. (n.d.). CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a). Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b). Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a). USA Indices.
https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today. Retrieved September 5, 2025, from
https://goldprice.org/spot-gold.html
Odaily News. (2025, September 9).
Coinbase and MicroStrategy lead crypto stock
rally
as Trump leads in polls. Retrieved September 10, 2025, from
https://www.odaily.news/en/newsflash/447447
The Block. (2025, September 9).
First
US Dogecoin
ETF
expected to debut Thursday as SEC delays Bitwise's proposal. Retrieved September 10, 2025, from
https://www.theblock.co/post/370110/first-us-dogecoin-etf-expected-to-debut-thursday-as-sec-delays-bitwises-proposal
Yahoo Finance. (2025, September 9).
Eric Trump quietly removed from Alt5 Sigma's board amid regulatory scrutiny. Retrieved September 10, 2025, from
https://finance.yahoo.com/news/eric-trump-quietly-removed-alt5-192347978.html
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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