The Federal Reserve cut its policy rate by 25 basis points, a move supported by nearly all members, with the median projection pointing to an additional 50 basis point reduction in 2025. The Fed cited a weakening labor market and slowing growth as reasons for easing, stressing that decisions will be made meeting by meeting, guided by data and insulated from political pressure. Powell said, “We were right to wait,” and emphasized that the Fed will not rush into further cuts, while noting inflation has recently risen and remains elevated.
Meanwhile, CME Group announced it will launch options on Solana ($SOL) and XRP ($XRP) futures on October 13, 2025, following regulatory approval.
At the time of writing, Bitcoin (BTC) is trading at $117,275, while Ethereum (ETH) stands at $4,596.
The Fear and Greed Index is at a neutral level of 51.
Key developments to watch today:
Fasttoken (FTN): Unlock of 20 million tokens, representing about 2.08% of circulating supply, will take place.
Mantle (MNT): Results of the MIP-33 core budget vote will be announced.
