Fed Raises Interest Rate, Crypto Markets Show Volatility

The U.S. Federal Reserve raised its benchmark rate by 0.25 percentage points to a range of 3.75%-4.00% on September 16. Following the rate hike, the Dow Jones Industrial Average fell 1.2%, while Bitcoin (BTC) traded between $75,000 and $76,500. The Senate rejected the CLARITY Act with a 49-50 vote, requiring 60 votes for committee consideration. Democratic senators proposed continuing bipartisan talks to amend ethics and consumer protection provisions.

The UK Financial Conduct Authority (FCA) will begin accepting applications from virtual asset service providers starting September 30, covering stablecoin issuance, trading platforms, custody, and staking services. Hong Kong authorities plan to issue and trade gold and other real-world assets (RWA) tokenized products on authorized platforms, with a trial for tokenizing $13 billion in foreign exchange fund notes by year-end.

Celsius Network's bankruptcy estate filed a lawsuit against BitMEX seeking the return of 6,360 BTC, alleging improper liquidation and market manipulation. U.S. prosecutors charged two Robinhood engineers with using non-public crypto listing information to profit from derivatives trades before public announcements. Hyperliquid was cited as the decentralized exchange where these transactions occurred.

Malicious Core-Geth security updates deceived some Ethereum Classic (ETC) miners, while Circle's Arc mainnet recorded 7.76 million transactions and $1 billion in USDC transfers on its first day. The PayFi sector rose 5.03% over 24 hours, while GameFi declined by 8.10%. Bitcoin rose 1.28% to above $76,000, with Ethereum (ETH) up 1.63%, and privacy coins ZEC and DASH surging 23.28% and 17.21% respectively.

Domestic police arrested 26 Polymarket users for gambling-related offenses, with cumulative bets totaling approximately $176 million and a single user betting up to $57 million. Prosecutors used blockchain transaction records to track users, according to PANews.