BizwavemediaPersonal Finance and Crypto Updates

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Crypto markets could see declines following the upcoming Federal Open Market Committee meeting, crypto analyst Ali Martinez has warned.

Markets are pricing in an 87.6% probability of a rate cut at the December meeting. However, history shows that six of seven FOMC meetings in 2025 led to price corrections, even when markets attempted to front-run the event with optimism, according to Ali.

Past patterns suggest the market may respond bearish despite expectations of a rate cut.

“The FOMC meeting on May 7 was the only one that led to a 15% rally,” the analyst noted. “And from June 18, Bitcoin continued to decline after every FOMC meeting. Statistically, Bitcoin tends to face downside pressure around FOMC announcements.”

The FOMC meeting, the Federal Reserve’s key decision-making body for monetary policy, is scheduled to convene on Wednesday. Market participants will be watching for signals from the FOMC, as monetary policy decisions can influence sentiment and volatility in crypto markets.

A crypto trader who has generated $9.6 million in profit opened long positions in Bitcoin, Ethereum, and Zcash. The move signals continued confidence in major crypto assets amid improving market conditions.

The trader went long 348 BTC worth around $32 million, 6,579 ETH worth nearly $21 million, and 6,186 ZEC valued at $2.4 million, according to data tracked by Lookonchain.

Bitcoin, a decentralized cryptocurrency primarily used as a store of value, has maintained market dominance with institutional investors leading capital inflows through ETFs. The digital asset has shown resilience during volatile market periods, attracting traders seeking stability.

Ethereum, the blockchain platform supporting smart contracts and decentralized finance, has seen transaction volumes climb to new highs. Layer 2 solutions and restaking have driven increased network usage, reflecting its growing utility across various sectors.

Zcash, a privacy-oriented cryptocurrency using zero-knowledge proofs for shielded transactions, has gained attention for its privacy features. The digital asset has navigated regulatory challenges while experiencing increased trader interest as part of broader altcoin movements.

The trader’s long positions across these three assets represent a diversified bet on both established cryptocurrencies and privacy-focused alternatives.

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Euro-denominated stablecoins have doubled their combined market capitalization following the implementation of new EU regulatory rules in 2024, with EURS and EURC leading the growth, according to a report by Decta, a London-based payments firm.

The gains represent a huge reversal from previous declines in the euro stablecoin sector. EURC, a compliant euro stablecoin issued by Circle, has emerged as a leading option with increased transaction activity and exchange support since MiCA took effect.

EURS, a euro-pegged stablecoin designed for stable value transfers within the crypto ecosystem, has shown notable gains in adoption following the MiCA regulatory framework’s implementation in the EU. EURCV, another euro-backed stablecoin, has also experienced accelerated growth in usage alongside other compliant tokens.

The introduction of MiCA brought uniform oversight to euro stablecoins, reducing uncertainty and strengthening consumer protections. As issuers adjust to these rules, the market is entering a structured transition phase marked by clearer regulatory expectations.

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Cantor Fitzgerald, a financial services firm, revealed a 58,000 share position worth approximately $1,3 million in the Volatility Shares Solana ETF, according to a regulatory filing. The disclosure highlights growing institutional interest in Solana-based investment products.

Volatility Shares, an investment company managing crypto-focused exchange-traded funds, operates the Solana ETF that provides exposure to the cryptocurrency. The filing indicates institutional appetite for alternatives to traditional Bitcoin products.

Solana ETFs are attracting investor interest as Bitcoin ETFs experience outflows, indicating a shift in crypto investment preferences. Retail investors are rotating towards Solana and XRP ETFs, capturing momentum away from established Bitcoin products.

New Solana ETF offerings from providers like Canary Capital and Fidelity emphasize features such as staking rewards, expanding investment options in the space.

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US spot XRP exchange-traded funds boost total holdings to around $915 million (approximately 426 million XRP) after new purchases as institutional demand for the Ripple Labs-developed cryptocurrency continues to grow.

Latest fund disclosures show Canary Capital’s XRPC leading at $357 million in assets, followed by Bitwise’s $195 million XRP fund and Grayscale’s $187 million GXRP fund.

The inflows reflect sustained investor interest in XRP, which is primarily used for cross-border payments and liquidity management on the XRP Ledger blockchain.

Spot XRP ETFs launched in the US this year, allowing investors to access the digital asset through traditional brokerage accounts. The products have become a fast-growing investment category as ETF providers introduce new offerings to facilitate institutional exposure.

Financial institutions are actively incorporating XRP into their products for accredited investors, marking a shift toward utility tokens beyond Bitcoin and Ethereum.

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Approximately $4 billion in Bitcoin and Ethereum options contracts are set to expire, a development that traders are monitoring for possible market effects.

The expiration encompasses options for both major digital assets, with Bitcoin serving as the leading cryptocurrency for peer-to-peer transactions and store of value, while Ethereum operates as the primary blockchain platform for smart contracts and decentralized applications.

Large-scale options expiries typically create focal points for market forces, as traders must decide whether to exercise their contracts or allow them to expire worthless. The concentration of derivatives activity often leads to dealer rebalancing and hedging adjustments, which can inject short-term volatility into the market.

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Over $100 billion was wiped from the crypto market in the past 24 hours as Bitcoin slipped below $89,000.

According to CoinGecko data, the total market capitalization decreased from approximately $3.2 trillion to $3.1 trillion over the same period. Bitcoin was trading near $89,400 at the time of press, down about 3% on the day.

The pullback followed the release of the latest US Personal Consumption Expenditures (PCE) report, which largely matched expectations.

Headline PCE rose 2.8% year over year, slightly above last month’s 2.7%, while the monthly figure held steady at 0.3%.

Core PCE, the Federal Reserve’s preferred inflation gauge, increased 2.8% year over year, just below both forecasts and the prior reading. On a monthly basis, core PCE remained stable at 0.2%, indicating persistent but contained underlying inflation pressures.