New Coin Metrics Weekly State of the Market Report | September 11-17, 2025
This week in crypto markets:
- Markets rallied as the Fed cut rates by 25 bps, with Bitcoin breaking $117K and altcoins including SOL, BNB, DOGE, and AVAX leading gains.
- The @SECGov approved generic listing standards for spot crypto ETFs, paving the way for faster digital asset ETF launches.
- @Grayscale received SEC approval to convert its Digital Large Cap Fund (GDLC) into a multi-crypto ETF, offering exposure to BTC, ETH, XRP, SOL, and ADA
- @Tether_to announced USAT, a new U.S.-focused stablecoin to be issued by @Anchorage Digital with reserves managed by Cantor Fitzgerald.
- @Circle launched native USDC on @Hyperliquidx’s HyperEVM, allowing cross-chain transfers and direct deposits.
Read the full report from @coinmetrics for a data-driven look into crypto’s shifting institutional and macro landscape – link in comments.

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