Daily Crypto Roundup - 17 Sep

Today’s Market Update

Bitcoin was down 0.28% at $115,686, Ethereum was up 0.52%, Solana was down 1.63%, and XRP was down 0.78% over the past 24 hours.

Crypto trader Poseidon said he plans to enter long positions if Bitcoin dips below $113,500 during the FOMC event. He marked $119,000 as strong resistance, expecting volatility on both sides, but doubts BTC will fall under $110,000, maintaining a bullish outlook overall.

Crypto chart analyst Ali Martinez cautioned that long positions and open interest are building at resistance, raising the risk of a long squeeze. According to Coinglass, BTC open interest rose 2.4% in a single day, underscoring leverage buildup.

Crypto Dynamics Roundup

Financial Times: UK and U.S. Plan Closer Crypto Regulation Cooperation

According to the Financial Times, the U.S. and UK plan to deepen cooperation on cryptocurrency regulation. UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent discussed this during a Tuesday meeting, attended by representatives from Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple.

Ripple’s UK and Europe managing director Cassie Craddock said the collaboration “could set a global standard for our industry, with the UK poised to lead as a digital asset and innovation hub.” Last week, industry groups urged the UK to include stablecoins and tokenization in the U.S.-UK Tech Bridge initiative.

U.S. SEC Proposes Universal Crypto ETP Listing Standards to Speed Up Approvals

The Block reports the U.S. SEC is advancing universal listing standards for crypto spot ETPs, allowing compliant products to bypass individual filings and gain approval in as little as 75 days. Bitwise CIO Matt Hougan said if implemented, assets like Solana, XRP, and Chainlink could quickly launch ETPs, expanding the market. Similar rules in traditional ETF markets boosted annual issuances from 117 to 370.

Fidelity: 8.3 Million Bitcoins May Lack Liquidity by 2032

Cointelegraph reports that Fidelity estimates 42% of Bitcoin’s circulating supply (8.3 million BTC) could lack liquidity by 2032 based on current corporate treasury buying trends. Fidelity’s Monday report identifies two groups—long-term holders and public companies with at least 1,000 BTC—whose supply has increased consistently.

By 2025, these groups may hold over 6 million BTC, over 28% of the total. Long-term holders (no wallet outflows for seven years) have maintained stable supply since 2016, while public company holdings dropped only once in Q2 2022.

UN Agency to Launch Government Blockchain Academy in 2026

Cointelegraph reports the UNDP will establish a Government Blockchain Academy next year to teach public sectors about crypto and emerging technologies. Partnering with the Exponential Science Foundation, the academy will offer education and implementation programs to drive transformative development using blockchain.

UNDP’s Irena Cerovic said it will help governments address challenges innovatively, focusing on digital credentials, financial access, public procurement transparency, anti-corruption, and climate financing via tokens.

Grayscale: Dollar Credibility Faces Debt and Inflation Pressure, Crypto as Alternative Store of Value

Grayscale’s latest macro report states U.S. government debt, rising rates, and deficits challenge the dollar’s credibility as a stable store of value, potentially pushing investors toward cryptocurrencies. Bitcoin and Ethereum’s limited, transparent supply makes them hedges against fiat devaluation.

Unlike gold, their supply doesn’t expand with government debt needs. Unsustainable public debt growth drives global crypto demand, though stricter fiscal discipline could reduce it.

Bloomberg: Binance Negotiates with DOJ to Remove Independent Compliance Monitor

Bloomberg reports Binance is negotiating with the U.S. DOJ to waive an independent compliance monitor requirement tied to its $4.3 billion settlement for inadequate anti-money laundering measures. Federal prosecutors are discussing altering the three-year oversight mandate, reflecting a DOJ trend of softening independent monitoring.

No final decision has been made, and stricter reporting may still apply pending approval.

Survey: Ethereum Core Developer Median Salary at $140,000, Job-Hopping Doubles Pay

DL News reports Ethereum core developers earn a median salary of $140,000, but job-hoppers can earn $300,000. Only 37% receive equity or token incentives, and 38% have received high-salary offers from other blockchains or Layer 2s. Pay gaps may slow Ethereum’s development and raise risks of influence.

About 200-300 core developers exist, with 190 in the Protocol Guild, compared to Coinbase’s $150,000 base salary for entry-level staff plus $56,000 in stock and bonuses.

Google Launches AI Payment Protocol Supporting Stablecoins with Coinbase, Salesforce

Fortune reports Google launched an open-source AI payment protocol supporting credit, debit, and USD-anchored stablecoins. Developed with Coinbase, Ethereum Foundation, and over 60 partners like Salesforce and American Express, it enables secure, interoperable fund transfers between AI applications.

Google and Coinbase ensure payment scheme interoperability to automate AI agent payments.