![\"BTCUSD_2025-09-21_18-09-57\"](\"https:\/\/forklog.com\/wp-content\/uploads\/img-c55d61d488c35f27-4864303113552763-1024x617.png\")
Momentum tied to expectations for the Fed<\/span> meeting pushed prices close to $118,000, but proved fleeting. The asset failed to hold its peak; some analysts suggested<\/a> this may have been the top of the current cycle. They see a possible correction towards $90,000.<\/p>\n Most large-cap altcoins fared worse. Dogecoin fell 5.8% over the week; Ethereum slipped 3%; Solana declined 2.7%.<\/p>\n One exception was BNB, which set a fresh record above $1,000. The token rose more than 13% on the week. The rally was helped by reports of talks between Binance and the US Department of Justice that could allow the exchange to end independent monitoring of its operations years early. Yet CryptoQuant<\/a>, analysing spot volumes, said the move has structural underpinnings rather than being a short-lived boom.<\/p>\n The crypto market\u2019s capitalisation was little changed over the week, holding at $4.13 trillion, as did bitcoin\u2019s dominance at 55.7%.<\/p>\n According to CoinMarketCap<\/a>, the altseason index exceeded the threshold of 75, though it remains below the yearly high of 87.<\/p>\n The crypto Fear & Greed Index stays in neutral territory at 49.<\/p>\n On 17 September the Fed cut<\/a> its key rate for the first time since December 2024 by 0.25%\u2014to 4\u20134.25%. The outcome matched investors\u2019 expectations.<\/p>\n \u201cRecent data indicate a slowdown in economic activity in the first half. Job gains have moderated, and the unemployment rate has increased slightly while remaining low. Inflation has risen and remains elevated,\u201d the statement said.<\/em><\/p>\n<\/blockquote>\n Conventional wisdom holds that lower rates favour risk assets such as bitcoin and other cryptocurrencies.<\/p>\n Fed chair Jerome Powell said the FOMC<\/span> had not reached a consensus on further monetary easing.<\/p>\n \u201cTen of the 19 Committee members forecast two or more cuts to the policy rate by year-end, while nine forecast either fewer cuts or none,\u201d he said.<\/em><\/p>\n<\/blockquote>\n The European Commission announced<\/a> it is preparing the 19th sanctions package against Russia. The measures will cover crypto platforms and transactions in digital assets.<\/p>\n \u201cWe are targeting the financial loopholes that Russia uses to circumvent sanctions. For the first time, our restrictive measures will extend to crypto platforms,\u201d<\/em> European Commission president Ursula von der Leyen said.<\/p>\n According to the statement, all cryptocurrency transactions for Russian residents will be blocked.<\/p>\n Foreign banks linked to Russia\u2019s alternative payment systems and transactions with companies registered in special economic zones will also be restricted.<\/p>\n The Monero network was rolled back<\/a> by 18 blocks, invalidating 117 transactions.<\/p>\n The reorganisation began on 14 September at block #3,499,659, when the Quibic mining pool released a hidden chain that turned out to be longer than the main one. Network nodes automatically accepted it as valid, overwriting previous blocks.<\/p>\n A researcher under the nickname Rucknium confirmed the incident on GitHub. A crypto podcaster known as Xenu called it \u201cthe largest reorganisation in Monero\u2019s history\u201d.<\/p>\n Also on ForkLog:<\/strong><\/p>\n Kirill Khomyakov, head of regional markets at Binance for the CIS, Central and Eastern Europe and Africa, spoke about<\/a> proposed changes to Ukraine\u2019s crypto regulation bill.<\/p>\n Earlier this month, Ukraine\u2019s Verkhovna Rada approved at first reading the bill \u201cOn Virtual Assets Markets\u201d, which will define the status and taxation of cryptocurrencies in the country.<\/p>\n Speaking at the Binance Odesa Meetup, Khomyakov said the amendments intended to \u201cmake users\u2019 lives easier\u201d were submitted by Binance, other exchanges and the Ministry of Digital Transformation. He expects the bill to change significantly by the second reading.<\/p>\n The exchange\u2019s proposals primarily concern the tax regime and the protection of clients\u2019 data privacy, he added.<\/p>\n He also outlined some of the exchange\u2019s plans in Ukraine, including streamlining interactions with banks and issuing a hryvnia card.<\/p>\n In Europe, Binance expects to obtain a MiCA licence by year-end.<\/p>\n We unpacked<\/a> the core ideas of the Virginia school\u2014a post-war American strand of neoclassical economic theory. Its adherents argue for minimising state intervention in markets.<\/p>\n![\"Cryptocurrency](\"https:\/\/forklog.com\/wp-content\/uploads\/img-09d40752991c0801-4864358905979188-1024x586.jpg\")
![\"Crypto](\"https:\/\/forklog.com\/wp-content\/uploads\/img-ed6886fed7897621-4864378668759904.webp\")
The Fed cuts its policy rate<\/h2>\n
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What to discuss with friends?<\/h2>\n
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The EU to impose first sanctions on Russian crypto platforms<\/h2>\n
Monero suffers its largest block reorganisation in 12 years<\/h2>\n
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Binance executive comments on amendments to Ukraine\u2019s crypto bill<\/h2>\n
Further reading<\/strong><\/h2>\n