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CoinCatch Market Daily Report (September 12, 2025)
Beginner
2025-09-12 | 10m
On September 12, the overall crypto market rebounded modestly, with BTC and ETH continuing their upward trend. Regarding on-chain hot spots, Solana's TVL exceeded $12.4 billion, a record high, solidifying its position as a high-performance public chain. Avalanche launched a $1 billion crypto treasury plan to strengthen AVAX's market liquidity and funding capabilities; Ethena’s synthetic stablecoin, USDe, has climbed to over $13 billion in circulation less than a day after it was listed on Binance. BlackRock is weighing how to tokenize exchange-traded funds (ETFs) tied to real-world assets such as stocks, subject to regulatory considerations.
Crypto Market Overview
BTC (+0.88% | Current Price: $115,312.06)
BTC maintains a short-term bullish structure, with prices currently trading above the moving average, which is bullish, and maintaining an upward channel formation. The MACD indicator continues to rise with increasing volume, and the red kinetic energy bar is gradually expanding, indicating increasing buying momentum. The current price has broken through the previous high and briefly touched 116,300. If bullish sentiment persists, further support around 117,000 is expected. Short-term support is expected to focus on the 115,350 to 114,900 range. On September 11th, BTC ETFs experienced a total net inflow of $552.7 million. BlackRock's IBIT received a net inflow of $366.2 million, while Fidelity's FBIT saw a net inflow of $134.7 million.
ETH (+2.52% | Current Price: $4,543.10)
ETH continues its strong upward trend. The current price is firmly above its short-term moving averages, with both the 5-day and 10-day moving averages showing a clear upward curve, indicating a positive short-term trend. The MACD indicator has continued to increase in volume since forming a golden cross, with the red bar gradually strengthening, indicating continued bullish momentum. If trading volume continues to increase, the price could challenge the previous resistance level of 4,560 in the short term. In the event of a pullback, the moving average support near 4,475 could serve as a first line of defense for bulls. On September 11th, ETH ETFs experienced a total net inflow of $113.1 million. BlackRock's ETHA received a net outflow of $17.4 million, while Fidelity's FETH saw a net inflow of $88.3 million.
Altcoins
The market rebounded as a whole, mainstream currencies generally rose, and the Fear and Greed Index rebounded to 50, indicating that funds were flowing back and sentiment was turning optimistic. The recovery trend is expected to continue in the short term, and activity will pick up slightly.
Macro Data
The August Consumer Price Index (CPI) report was released, with core prices remaining elevated, locked in a tight year-over-year range for over a year. The sticky inflation was primarily driven by the shelter category. Despite this, investors focused more on signs of a slowing labor market.
On September 11, the S&P 500 rose 0.85% to 6,587.47 points; the Dow Jones Industrial Average rose 1.36% to 46,108.00 points; and the Nasdaq Composite Index rose 0.72% to 22,043.07 points. As of 7:00 UTC on September 12, the spot gold price was currently at $3,648.8 per ounce, a 24-hour increase of 0.39%.
Trending Tokens
YGG Yield Guild Games (+40.76%, Circulating Market Cap: $134.28 Million)
YGG is trading at $0.2259, up approximately 40.76% in the past 24 hours. Yield Guild Games (YGG) is the world’s first and biggest web3 gaming guild where players can find their community, discover games and level up together. Its mission is to become the leading community-based user acquisition platform in web3 gaming. The surge reflects YGG’s successful pivot to revenue-generating games, proactive tokenomics via buybacks, and favorable market conditions for gaming tokens. However, the token unlock on August 26 (8.81% of supply) and overbought RSI suggest volatility ahead.
CHILLGUY Just a chill guy (+12.92%, Circulating Market Cap: $51.98 Million)
CHILLGUY is trading at $0.05204, up approximately 12.92% in the past 24 hours. The "Chill Guy" is a new meme character that’s all about being super relaxed and not caring much about anything. His whole vibe is “lowkey” — meaning he’s calm, casual, and doesn't make a big deal about stuff. In the drawing, you can tell he’s totally laid-back: he’s wearing a grey sweater, blue jeans, and red shoes, smirking with his hands in his pockets. People on TikTok and other platforms are loving him, saying he’s the best new meme character around because of his cool, "whatever" attitude. CHILLGUY crossed its 7-day SMA ($0.046) and 30-day EMA ($0.047), while the MACD histogram turned positive (+0.0011782) – a classic bullish signal. Short-term traders often pile into coins breaking above moving averages, but RSI (61.01) nears overbought territory, raising correction risks if volume falters.
ACE Fusionist (+12.23%, Circulating Market Cap: $48.28 Million)
ACE is trading at $0.6443, up approximately 12.23% in the past 24 hours. Fusionist is an AAA game that we have developed independently. The client utilizes the Unity engine, with the rendering segment employing the HDRP (High Definition Render Pipeline) to achieve AAA visual effects. A 15-day game test (ended Sept 8) distributed 90,000 ACE ($60,000) to participants, incentivizing short-term holding. While the rewards temporarily reduced sell pressure, the 2% token unlock on Sept 14 ($716K) could offset gains if recipients cash out.
Market News
Ethena’s USDe Stablecoin Surges to Over $13B
Ethena’s synthetic stablecoin, USDe, has climbed to over $13 billion in circulation less than a day after it was listed on Binance. DeFiLlama data shows supply jumped nearly 2% in 24 hours to about $13.2 billion, making it the fastest-growing stablecoin in the past day. This rapid expansion has been ongoing over the past month, with the protocol adding more than $3 billion to its footprint after it crossed $10 billion in August. Notably, USDe is the third-largest stablecoin in the industry, controlling around 5% of the $287 billion stablecoin market.
Meanwhile, the timing of this growth reflects several reinforcing factors designed to boost the stablecoin’s growth. Over the past months, market interest in stablecoins has accelerated after President Donald Trump signed the GENIUS Act, the first federal law providing a framework for these assets.
That regulatory clarity, coupled with Ethena’s significant yields of around 10%, has drawn capital from investors who see DeFi returns as more attractive than US Treasurys.
Avalanche Foundation Plans $1 Billion Fundraise for Crypto Treasury Companies
The Avalanche Foundation is pursuing a $1 billion fundraising effort to establish two crypto treasury companies. These companies will hold millions of AVAX tokens purchased from the foundation at discounted prices. The nonprofit organization behind the Avalanche blockchain has structured this initiative through two separate deals. Both transactions aim to create vehicles that can accumulate and hold AVAX tokens for institutional investors.
The first deal involves a $500 million private placement led by Hivemind Capital, a New York-based blockchain investment firm. This investment targets an existing company listed on Nasdaq that would be converted into a crypto treasury vehicle.
Anthony Scaramucci, former White House communications director and crypto investor, serves as an advisor on this transaction. Sources familiar with the matter indicate this deal could be finalized by the end of September.
BlackRock Plans $2T Real-World Asset Boom with the Tokenization of ETFs
BlackRock, the world’s largest asset manager, is exploring how to bring one of Wall Street’s most popular investment vehicles into the blockchain era.
According to a Bloomberg report, the New York-based firm is weighing how to tokenize exchange-traded funds (ETFs) tied to real-world assets such as stocks, subject to regulatory considerations.
The move follows BlackRock’s earlier ventures into digital assets. In 2024, the company launched its tokenized money-market fund BUIDL, which has grown to more than $2 billion in assets and has gained traction across crypto platforms. That launch came shortly after the blockbuster debut of its spot Bitcoin ETF, which quickly became one of the most successful funds of its kind.
Tokenization involves creating blockchain-based versions of traditional financial assets. In the case of ETFs, digitization could facilitate trading outside Wall Street’s usual hours, allow easier international access, and create new possibilities for using shares as collateral within crypto networks.
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
CryptoSlate. (n.d.).
Ethena’s USDe stablecoin surges to over $13B after Binance listing. CryptoSlate.
https://cryptoslate.com/ethenas-usde-stablecoin-surges-to-over-13b-after-binance-listing/
Cointelegraph. (2025, September 12).
Avalanche Foundation plans to raise $1 billion to build AVAX treasury company, report says.
https://tw.cointelegraph.com/news/avalanche-raise-1-billion-crypto-hoarding-vehicles-report
Bloomberg. (2025, September 11).
BlackRock seeks to tokenize ETFs after Bitcoin fund breakthrough. Bloomberg.
https://www.bloomberg.com/news/articles/2025-09-11/blackrock-seeks-to-tokenize-etfs-after-bitcoin-fund-breakthrough
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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