Monthly perp trading surpass $1t for the first time

In September, the crypto market experienced a troubling surge in hacks and scams, leading to losses of around $127 million, according to a report by PeckShield. This alarming trend underscores the persistent security vulnerabilities within the industry, raising concerns for investors and users alike. As the crypto landscape continues to evolve, the need for robust security measures becomes increasingly critical to protect assets and maintain trust.

Solana has seen a significant price fluctuation recently, gaining nearly 60% from early August to mid-September, with a notable surge past $220. However, after reaching a peak of $253, the token experienced a sharp decline of about 25% in the following week. This volatility highlights the unpredictable nature of cryptocurrency markets and the impact of market sentiment, particularly with predictions like ChatGPT's $360 forecast for Solana, which has sparked interest in related meme coins like Snorter Token.

Ethereum has shown remarkable resilience, closing September with its strongest quarterly performance since 2021. After a significant rally of 48.7% in July and 18.8% in August, it faced a slight pullback of 5% in September. This rebound is noteworthy as it reflects the growing confidence in Ethereum's market potential, making it a key player in the cryptocurrency landscape.

In September, Bitcoin miners experienced a revenue decline of 4.23%, coinciding with an impending increase in mining difficulty. This drop is significant as it highlights the challenges miners face in maintaining profitability amidst fluctuating market conditions and rising operational costs. Understanding these trends is crucial for investors and stakeholders in the cryptocurrency space, as they can impact the overall health of the Bitcoin network.

The PEPE meme coin has seen a notable 6% increase in price, driven by a significant rise in trading volume and increased activity from large investors, known as whales. Currently, PEPE's price is stabilizing around $0.00000900, with resistance levels identified at $0.000009681. Additionally, the open interest for PEPE futures has surged to nearly $600 million, indicating growing investor interest and confidence in this cryptocurrency. This uptick is important as it reflects a broader trend in the market and could signal potential future gains for investors.

In September, Bitcoin miners achieved a remarkable milestone as their market capitalization reached a record high, according to JPMorgan. This surge is attributed to a 9% increase in the average network hashrate, which climbed to 1,031 EH/s. This growth not only highlights the resilience of the Bitcoin mining sector but also reflects the increasing interest and investment in cryptocurrency, making it a significant development for both miners and investors alike.

September 2025 has turned out to be an unexpectedly positive month for the crypto market, particularly for Bitcoin. Despite a significant drop in the last week, the overall gains from earlier in the month remained intact, thanks to a combination of encouraging Bitcoin news and strong buyer support. This resilience is crucial as it lays a solid foundation for Bitcoin's future performance, especially with Tether moving billions in BTC, indicating confidence in the market.

Market analysts are buzzing with excitement as they suggest that Bitcoin's significant upward movement may be just around the corner, especially after BTC closed September on a high note. This potential surge is important because it could signal a new phase for Bitcoin, attracting more investors and possibly leading to increased market activity.

Ethereum's price prediction is gaining attention as it hovers around $4,140 after a volatile September. The $4,600 mark is seen as a significant resistance level for bullish traders, while the $4,000 to $4,200 range provides a crucial support cushion. Understanding these price movements is essential for investors looking to navigate the cryptocurrency market effectively.

Traders are closely monitoring the upcoming September jobs report, as it could provide crucial insights into the potential for Bitcoin to break above the $120,000 mark. This report is significant because it may influence market sentiment and investor behavior, potentially leading to a major shift in Bitcoin's price trajectory. With the cryptocurrency market's volatility, any positive indicators from the jobs report could spark renewed interest and investment in Bitcoin.

Bitcoin's price closed September at around $113,400, slightly down from its intraday high of $114,842. This pause in trading coincided with gold reaching new all-time highs, sparking discussions about whether Bitcoin will follow gold's upward trend into the fourth quarter. The performance of gold seems to influence Bitcoin's market sentiment, making this an important moment for investors to watch.

PEPE has experienced a 2.6% decline after struggling to break through key resistance levels. This drop is noteworthy, but it's important to highlight that the derivatives market for PEPE remains robust, with open interest hitting $560 million and trading volume at an impressive $1.2 billion. This indicates that while the price may be falling, investor interest and activity in the derivatives market are still strong, suggesting potential for future recovery.

XRP is currently experiencing a surge of speculation following the announcement that Ripple's Chief Technology Officer, David Schwartz, is stepping back from his daily responsibilities. Schwartz has been a prominent figure in the XRP community and his departure raises questions about the future direction of the cryptocurrency. This change could impact investor confidence and the overall market dynamics, making it a significant development for those involved in the crypto space.

Franklin Templeton's recent listing of its Solana spot ETF on the DTCC under the ticker SOEZ marks a significant step in the integration of blockchain assets into mainstream finance. This development is important as it reflects growing acceptance and adoption of cryptocurrency investments by traditional financial institutions, potentially paving the way for more innovative financial products in the future.

In a recent discussion, OKX President Hong Fang highlighted the distinct roles of Bitcoin and Ethereum in the evolving financial landscape. While institutions are increasingly investing in Ethereum for its potential to create a programmable financial system, Fang emphasized that this doesn't diminish Bitcoin's value as a stable asset. This perspective is crucial as it encourages a more nuanced understanding of cryptocurrencies, suggesting that both can coexist and serve different purposes in the market.

Coinbase is launching a pilot program in New York to test the effectiveness of $12,000 USDC transfers aimed at assisting low-income households. This initiative, in collaboration with the nonprofit GiveDirectly, seeks to explore how stablecoins can streamline the delivery of aid. If successful, this could revolutionize how financial assistance is provided, making it faster and more efficient for those in need.

Recent analysis indicates that Bitcoin's price consolidation following a significant rally is a typical market behavior, and it suggests that the next surge could see BTC reaching as high as $145,000. This potential price movement is exciting for investors and enthusiasts alike, as it reflects the ongoing volatility and growth potential of cryptocurrency.

Hyperliquid is on the verge of reaching a new all-time high above $59, driven by bullish accumulation signals in the charts. This surge is significant as it reflects growing investor confidence and interest in the cryptocurrency market, potentially attracting more traders and boosting overall market activity.