Week of September 23 - 29, 2025
AnchorX, a fintech company, has launched AxCNH, a stablecoin pegged to the Chinese yuan, supported by China’s policy shift toward accepting stablecoins for international markets. AxCNH will be used in Belt and Road Initiative projects. Meanwhile, BDACS, a digital asset infrastructure firm, announced the launch of KRW1, a stablecoin pegged to the Korean won.
MetaMask officially introduced its mUSD stablecoin, which can be spent through Stripe, transferred, or swapped with other tokens. MetaMask also plans to enable mUSD payments via the MetaMask Card at Mastercard-accepting merchants by year-end.
PayPal has launched PayPal Links, a new feature allowing users to send and receive Bitcoin (BTC), Ethereum (ETH), PayPal USD (PYUSD), and other tokens directly via P2P. The service will debut in the U.S. before expanding to the U.K., Italy, and additional countries later this year.
The U.S. SEC is preparing to update its crypto ETF approval framework to make the process faster and more structured, potentially taking effect as soon as October. However, Bitwise’s fund manager cautioned that more ETF launches do not necessarily mean stronger capital inflows.
Standard Chartered’s latest report highlighted that Ethereum is likely to benefit more than Bitcoin and Solana (SOL) from the growth of Digital Asset Treasury (DAT) companies, as ETH can generate staking yields and its treasuries are more established.
Research firm K33 noted that one in four public companies holding Bitcoin on their balance sheets are now trading at market caps below the value of their BTC holdings. This undermines their ability to issue new shares to raise funds for more Bitcoin purchases, as issuing stock below NAV dilutes existing shareholders.
Bitcoin (BTC) has seen a sharp decline, with its short-term trend turning bearish. The key support to watch is at $107,000. If it breaks below this level, the broader uptrend could shift into a sideways movement. However, if BTC holds above this price, it has the potential to rebound, with the first resistance target at $118,000. Failure to break this level may result in a prolonged sideways trend.
Ethereum (ETH) has dropped sharply, breaking below support, causing the short-term trend to move sideways. A potential entry point could be around the $4,000 support level, with a stop-loss if this level fails to hold. The first resistance target is at $4,700, and if it breaks through, ETH could retest its previous all-time high.
Immutable (IMX) gained 25.51% over the past week, with the price pulling back to the $0.600 support level, which previously acted as resistance. This zone could offer a potential buying opportunity. The first profit-taking target is at the $0.800 resistance level, and if broken, the uptrend is likely to continue.
PancakeSwap (CAKE)
PancakeSwap (CAKE) gained 19.47% over the past week, with the price showing signs of a bullish reversal. A potential entry point is on a pullback to the $2.40 support level, with a stop-loss if this level fails to hold. The first profit-taking target is at the $3.10 resistance level.
The Federal Open Market Committee (FOMC) cut interest rates by 0.25% as expected and signaled two more rate cuts this year. However, the cryptocurrency market reacted positively only in the short term before selling pressure followed.
This correction appears to have limited downside, partly due to rumors of an asset theft incident on a trading platform. Investors may look for buying opportunities around support levels.
Key event to watch this week: On Tuesday, September 23, 2025, the Federal Reserve Chair is scheduled to speak about the economic outlook, with remarks that could influence future monetary policy.
Market dynamics show continued sector rotation. Funds have recently flowed into DEX tokens following hype around the Aster project, while since early September, AI-related tokens have delivered the highest average returns at 30%. In contrast, RWA tokens have seen notable sell-offs.
Focus on short-term profit-taking from tokens that have already been pumped and rotate into those undergoing corrections. Although indicators suggest the onset of an Altcoin Season, gains remain concentrated in specific sectors, requiring selective positioning.