Latest Crypto News Today, September 16: Nvidia Monopoly Business in China, Expecting FOMC Meeting Result as SEC Ends Gemini Lawsuit

Bitwise Asset Management is making waves by filing with the SEC for the first U.S. exchange-traded fund (ETF) dedicated to stablecoins and tokenized assets. This move is significant as it aims to connect traditional finance with the burgeoning blockchain sector, which is experiencing unprecedented growth. By introducing this ETF, Bitwise is not only paving the way for more institutional investment in digital assets but also enhancing the legitimacy of the cryptocurrency market.

Bitwise's Matt Hougan has highlighted that the SEC's new listing rules could simplify the process for launching crypto ETFs, potentially increasing their number in the market. However, he cautions that this does not guarantee that all these funds will attract significant investment. This development is important as it reflects the evolving regulatory landscape for cryptocurrencies and could influence investor confidence and market dynamics.

As the Federal Reserve prepares to announce its policy on September 17, trader Nik Patel has shared a detailed strategy for trading Bitcoin. In his latest Market Outlook, he outlines key resistance and support levels, suggesting that Bitcoin's price will likely fluctuate between $117.5k and $120k for resistance, with a critical support level at $112k. This analysis is crucial for traders looking to navigate the market during this pivotal time.

The SEC's recent shift towards a 'generic listing' approach could pave the way for a surge in cryptocurrency exchange-traded products (ETPs), according to Bitwise CIO Matt Hougan. This change is significant as it may enhance market accessibility and investor participation in the crypto space, potentially leading to greater legitimacy and stability in the market.

China's adoption of the yuan for cross-border transactions has surpassed 50%, marking a significant milestone in the ongoing de-dollarization trend. This shift is crucial as it reflects China's growing influence in the global economy and challenges the dominance of the US dollar. As more countries consider alternatives to the dollar, this could reshape international trade dynamics and enhance economic sovereignty for nations looking to reduce reliance on the dollar.

The SEC has postponed its decision on the Truth Social Bitcoin ETF, extending the review period to evaluate risks and compliance in the cryptocurrency market.

Editor’s Note: This delay is significant as it reflects ongoing regulatory scrutiny in the crypto space, which can impact investor confidence and market dynamics.

Bitcoin is expected to see a 35% rally following a bullish RSI signal and an upcoming FOMC interest rate decision.

Editor’s Note: This prediction is significant as it highlights potential growth in the cryptocurrency market, which can influence investor confidence and trading strategies.

Bitcoin futures open interest has decreased by $2 billion ahead of the upcoming FOMC meeting. However, the Coinbase premium index indicates that traders are focused on maintaining the $115,000 price level.

Editor’s Note: This situation is significant as it reflects traders' strategies in response to market events like the FOMC meeting. The drop in futures interest suggests caution, while the Coinbase premium indicates ongoing demand for Bitcoin, highlighting the complex dynamics in the cryptocurrency market.

Gemini's shares have dropped 6%, marking a total decline of 24% since its initial public offering. While the stock initially surged by 64% on its debut, investor excitement has waned as the company struggles to achieve profitability. This trend highlights the challenges faced by cryptocurrency exchanges in maintaining investor confidence amid fluctuating market conditions.

Bitcoin is currently hovering around $115,000 as gold has reached a new milestone of $3,700 for the first time. This surge in gold prices is significant as it reflects growing investor interest and caution in the markets ahead of the upcoming FOMC meeting. The interplay between these two assets highlights the evolving landscape of investment strategies, making it a crucial moment for both cryptocurrency and precious metals.

Polymarket, a crypto prediction platform, is generating excitement over potential token launches following a recent SEC filing by its parent company, Blockratize. The filing revealed efforts to raise $257 million, indicating strong investor interest.

Editor’s Note: This news is significant as it highlights the growing interest in cryptocurrency and prediction markets. A successful token launch could enhance Polymarket's offerings and attract more users, reflecting the evolving landscape of digital finance.

Gemini highlights four promising altcoins for Q4 2025, coinciding with a crucial FOMC meeting that may lead to significant interest rate cuts. This could positively impact the crypto market and housing sector.

Editor’s Note: This week is pivotal for the crypto industry as it aligns with the FOMC meeting, where potential interest rate cuts could stimulate market growth. Insights from influential figures like Donald Trump add to the urgency, making it essential for investors to stay informed.

Google has just announced an exciting new payment protocol in collaboration with Coinbase, aimed at enhancing the way money is sent and received for AI applications. This innovative open-source initiative goes beyond conventional payment methods, incorporating stablecoins to make transactions smoother and more efficient. This development is significant as it not only modernizes payment systems but also positions Google at the forefront of the evolving financial landscape, potentially transforming how businesses and consumers interact with digital currencies.

KernelDAO is making waves in the financial world by launching KUSD, a new reward-bearing stablecoin that aims to generate yield through institutional usage. This innovative approach not only enhances the utility of stablecoins but also opens up new avenues for earning rewards, making it a significant development in the crypto space. As the market for stablecoins continues to grow, KUSD could play a pivotal role in bridging the gap between traditional finance and the digital currency ecosystem.

Bitwise Asset Management is making waves by filing with the SEC for the first U.S. exchange-traded fund (ETF) dedicated to stablecoins and tokenized assets. This move is significant as it aims to connect traditional finance with the burgeoning blockchain sector, which is experiencing unprecedented growth. By introducing this ETF, Bitwise is not only paving the way for more institutional investment in digital assets but also enhancing the legitimacy of the cryptocurrency market.

Alchemy Pay has launched an innovative fiat-to-RWA investment platform, enabling users worldwide to invest in tokenized U.S. stocks and exchange-traded funds using their local fiat currencies. This development is significant as it democratizes access to global financial markets, making it easier for individuals to diversify their investments and participate in the growing trend of digital assets.

Binance, one of the leading cryptocurrency exchanges, has issued a warning about fake listing agents attempting to deceive users. This alert is crucial as it highlights the ongoing risks in the crypto space, where scams can lead to significant financial losses for investors. By raising awareness, Binance aims to protect its users and maintain trust in its platform, emphasizing the importance of vigilance in the rapidly evolving digital currency market.

Bitcoin is currently facing a resistance level at $116,000, and analysts are divided on its potential movement following the Federal Reserve's upcoming decision on interest rates. This situation is significant as it highlights the uncertainty in the cryptocurrency market and the impact of macroeconomic factors on digital assets. Investors are keenly watching for any signs of a rate cut, which could influence Bitcoin's trajectory.