Cryptocurrency markets surged broadly following the Federal Reserve’s anticipated quarter-point rate cut. Avalanche (AVAX) and Hyperliquid (HYPE) led altcoin gains, boosted by project-specific developments and improved risk sentiment. Analysts caution that while macro risks have eased, momentum now depends on individual catalysts and could face volatility.
about Crypto Rallies on Fed Rate Cut, AVAX & HYPE Lead GainsMin Jung
0 posts last weekSolana, Chainlink Surge 12% as CPI Data Fuels Fed Rate Cut Bets
Solana and Chainlink led a broad altcoin rally, gaining over 12% following July’s lower-than-expected CPI inflation data, which boosted market confidence in a September Fed rate cut. Institutional capital, rather than retail speculation, is fueling this cycle, according to Presto analyst Min Jung. While macroeconomic optimism supports the rally, analysts warn that surging leverage—evidenced by open interest jumping from $26B to $44B in a month—increases systemic fragility, leaving altcoins exposed to sharp reversals and liquidation cascades. The market remains sensitive to shifts in sentiment or unexpected news, which could trigger rapid deleveraging.
about Solana, Chainlink Surge 12% as CPI Data Fuels Fed Rate Cut BetsXRP Outpaces Ethereum in Coinbase Retail Trading Q2
Coinbase’s Q2 shareholder letter showed XRP generating 13% of consumer transaction revenue, slightly ahead of Ethereum at 12%. This extended a trend from Q1, where XRP briefly surged to 18%. Overall transaction revenue fell 39% quarter-over-quarter to $764 million, missing analyst expectations. The SEC’s withdrawal of its appeal in the Ripple case provided legal clarity for XRP, boosting retail interest. However, Ethereum regained momentum in Q2 due to institutional inflows, ETF anticipation, and ecosystem developments. Analysts noted that retail sentiment on Coinbase remains highly price-driven, with narratives and macro cues influencing trading behavior more than sustained platform engagement.
about XRP Outpaces Ethereum in Coinbase Retail Trading Q2PENGU Meme Coin Surges 95% Amid ETF Hype and Social Buzz
PENGU, a meme coin themed around Pudgy Penguins NFTs, surged over 100% in a week following Coinbase’s X profile change to a Penguin NFT and renewed ETF speculation. Investment firm Canary Capital filed for a PENGU ETF in March, now under SEC review alongside other altcoin ETFs. Despite the rally, experts remain skeptical, citing PENGU’s lack of utility and reliance on hype. Analysts note the gains are tied to ETF optimism and social media trends, but question whether the momentum can last. Bitcoin’s recent dip hasn’t dampened institutional inflows, but PENGU’s long-term viability remains uncertain as prediction markets doubt ETF approval.
about PENGU Meme Coin Surges 95% Amid ETF Hype and Social BuzzRaydium Token Falls Amid Speculation of Competing Automated Market Maker Launch
Raydium’s RAY token has dropped 22% to $3.28 amid speculation that Pump.fun is developing its own automated market-making system, potentially diverting trading volume from Raydium. This decline follows a test version of the AMM being discovered, raising concerns about future fee revenue for Raydium. Despite Pump.fun’s recent cooling activity, it remains a significant player in the meme coin space, processing millions in daily fees.
about Raydium Token Falls Amid Speculation of Competing Automated Market Maker Launch