Weekly Recap | Crypto Market Pulls Back, Fed Decision in Focus, Echobit’s September Campaigns Contin
2026.09.14
Weekly Recap（September 7–13）
Last week, the crypto market shifted from a strong rebound to a high-level pullback. The key driver remained changing expectations around Federal Reserve policy. U.S. CPI rose 3.4% year over year in August, remaining well above the Fed’s 2% target. Meanwhile, August PPI increased 0.4% month over month and 5.4% year over year.
This week, the crypto market enters an important Federal Reserve policy window, with investors closely watching Wednesday’s rate decision, policy statement, and the Fed’s subsequent rate path. The U.S. dollar and Treasury yields have continued to strengthen, while rising oil prices and persistent inflation pressure have pushed market expectations in a more hawkish direction. Overall, market volatility could increase further this week, with macro policy likely to remain the key short-term driver.
This article provides a quick review of the key developments across the crypto industry over the past week, along with a preview of the major trends and events to watch in the week ahead.
Market Pulse
- Bitcoin and Ethereum spot ETFs recorded net inflows for three consecutive weeks, with weekly net inflows of $987 million and $218 million, respectively.
- Bitcoin market sentiment reached its strongest level in nearly two years, while U.S. August core CPI came in above expectations, increasing expectations for a more hawkish Fed stance.
- After a sharp deleveraging phase since 2023, Bitcoin traders have begun returning to the market, intensifying the battle between bulls and bears.
- RWA perpetual futures trading volume reached $79.95 billion in August, highlighting continued growth in on-chain trading of traditional assets.
- The number of tokenized stock holders increased 619% over the past 90 days to 3.6 million.
- Liquid Network suffered a security attack, resulting in the theft of approximately 4,000 BTC worth around $320 million.
- Tectonic disclosed an attack involving approximately $120.4 million in assets, with part of the funds still unrecovered.
- Uniswap’s monthly trading volume surpassed $70 billion, exceeding the combined volume of the next three largest DEXs.
Funding & M&A
The industry saw 8 funding and M&A deals last week, with a combined value of more than $160 million, primarily focused on infrastructure and DeFi:
- Decentralized perpetual futures exchange Antarctic Exchange raised $7 million.
- Cross-border stablecoin payment infrastructure company Latitude raised $35 million in a Series A round.
- Autonomous AI agent economic layer Agentum raised $7 million.
- Nasdaq invested $100 million in Payward, the parent company of Kraken, valuing the company at $21 billion.
- Stablecoin issuer Circle will acquire cross-border payments platform Tazapay in a deal valued at $400 million in Circle stock.
Policy & Compliance
- An amended version of the U.S. CLARITY Act was released, proposing that certain non-decentralized DeFi protocols register with the CFTC.
- U.S. senators warned that if the CLARITY Act fails to pass during the current Congress, the next major opportunity for market structure legislation may not come until 2030.
- The U.S. SEC may approve the tokenization of fund shares by major asset managers, with ARK Invest potentially among the first institutions to adopt the model.
- Singapore Exchange received CFTC authorization to offer BTC and ETH perpetual futures to U.S. institutional investors.
- Iran eased foreign exchange controls, allowing businesses to use USDT and Bitcoin for certain cross-border settlements.
Echobit Highlights
- Echobit September Futures Trading Competition officially launched, continuing to drive trading engagement and market activity.
- Echobit New User Exclusive Rewards went live, further enhancing the experience for new users.
- Echobit Find The Hidden Trading Words continued, adding a fun puzzle element to trading-themed community activities.
- Echobit Weekly Hot Topic Discussion launched, encouraging community discussions and opinion sharing around market trends.
- Echobit Token Watch & Buy invited users to share the assets they are watching and their market views.
- Echobit September Market Surge Zealy Campaign continued, using task-based activities to increase community participation.
- Echobit Emoji Trader Challenge launched, bringing a fun Emoji-based format to trader interactions.
- Echobit BTC Weekly Closing Price Prediction invited users to participate in short-term Bitcoin price predictions.
- Echobit Crypto Knowledge Challenge launched, combining interactive quizzes with crypto knowledge.
- Echobit Find The Hidden Crypto Slang challenged users to discover and decode crypto industry terminology.
- Echobit Weekly Hot Topic continued to encourage community engagement around key market developments.
- Echobit CPI Night Party launched, combining macroeconomic data and community interaction.
- Echobit Altseason Index Prediction invited users to share their views on potential market trends.
- Echobit Create Your Trader Name launched as a fun interactive activity for the trading community.
- Echobit Follow X Join & Win encouraged users to participate through social media engagement.
- Echobit My September Trading Plan invited users to share their September trading plans and market views.
Next Week Preview（September 14–20）
- South Korean exchanges will launch after-hours trading on September 14, expanding coverage to all 2,651 listed stocks.
- YZi Labs will launch the fifth season of its EASY Residency accelerator program, with applications closing on September 14.
- U.S. Senate Majority Leader John Thune submitted a motion to end debate on the CLARITY Act.
- The U.S. House Committee on Ways and Means is scheduled to review cryptocurrency tax rules on September 16.
- Circle’s open blockchain network Arc is scheduled to launch its mainnet on September 16, with major financial institutions including BlackRock and DTCC serving as validators.
- Arbitrum (ARB) is set to unlock approximately 92.65 million tokens, equivalent to around 1.59% of its circulating supply.
- The Federal Reserve will announce its FOMC rate decision and release its Summary of Economic Projections.
- The U.S. SEC will host a roundtable to discuss the transition toward 24-hour stock market trading.
- The Ethereum Foundation will release a tiered assessment of 62 EIPs proposed for the Hegotá upgrade.
Echobit will continue tracking global crypto developments, with a focus on market movements, regulatory trends, and funding opportunities—helping you navigate every market cycle and stay ahead of what’s next.