Tune in for this week's institutional insights as we examine September's Fed decision and Trump’s World Liberty Financial.

: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Macro Overview — Market Cheers for 50 bps Cut

Wall Street traders are feeling vindicated after Fed Chair Jerome Powell's announcement of a half-point interest rate cut, which has led to bullish sentiment in the markets. With the Federal Reserve adopting a more accommodating stance, U.S. stocks have reached record highs, supported by a robust labor market. However, concerns about valuations are emerging as a significant challenge. Current market valuations are notably high, raising the risk of a correction if economic conditions shift unfavorably.

Despite the rally, analysts warn that any major disappointment from major tech companies or an unexpected increase in inflation could negatively impact valuations. The S&P 500 has shown strong returns this year, but many stock valuation metrics, such as the Buffett Indicator, are near record levels. This raises questions about sustainability as earnings growth must justify these high valuations.

Moreover, while bond traders anticipate more aggressive interest rate cuts than the Fed has indicated, the economic data does not strongly support such measures. Overall, despite the bullish market momentum, many strategists express caution, suggesting that the potential for a downturn remains significant, alongside a general sense of investor fear.

Weekly Crypto Highlight — Trump Introduces World Liberty Financial 

A few months ago, the U.S. government targeted crypto projects, and now former President Trump is launching one. On September 16, 2024, he introduced World Liberty Financial (WLFI) during a two-hour X Spaces session.

Trump's sons — Donald Jr., Eric and Barron — are at the forefront, with technical operations led by Dough Finance co-founders Zachary Folkman and Chase Herro. Notable advisers include Sandy Peng from Scroll and Luke Pearson from Polychain.

Details about the project remain vague, but it seems WLFI aims to create a user-friendly DeFi interface, collaborating with Aave for lending services and possibly introducing a dollar-pegged stablecoin. The WLFI token will be available only to accredited investors, with 63% of the supply allocated for public sale.

Skepticism arises as to why Trump is pursuing this venture amid his campaign. The Biden administration has been critical of crypto, and some view this as a cash grab, especially since the project is rumored to be linked to the recently hacked Dough Finance.

While the initiative could attract new interest in crypto, the team needs to clarify its purpose. For now, limited information is available, but updates can be followed through its X and Telegram accounts.

Total Bitcoin Spot ETF Flows.Source: CoinGlass, as of Sep 20, 2024

Strong inflows into Bitcoin Spot ETFs on Friday coincided with a remarkable surge in Bitcoin’s price, which has climbed above $64,000. This uptick follows the Federal Reserve's unexpected decision to cut interest rates by 50 basis points last Wednesday, a move that has sent ripples through financial markets.

The combination of the Fed's rate cut and the positive sentiment surrounding Bitcoin Spot ETFs has created a perfect storm for the world’s largest cryptocurrency. Investors often see lower interest rates as an opportunity to seek higher returns in riskier assets like Bitcoin, leading to increased demand.

Advanced

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Weekly Institutional Insights — Rate Cuts Propel Bitcoin to $64K; Trump Introduces World Liberty Financial

SUN DOG is a meme coin on the TRON blockchain based on the corgi breed. Learn more about how it works in this article.

 might seem like a simple concept. These cryptocurrencies are typically joke-themed tokens whose value rises and falls depending upon how many people like the underlying memes. However, it can be surprisingly hard to launch a new meme coin. Technical issues, such as high fees or low processing times, can quickly ruin a new project. 

SUN DOG hopes to solve this problem by creating a meme coin that’s both hilarious and technologically efficient. How does SUN DOG work — and is it managing to capture viewers' attention?

. Similar to Dogecoin or Shiba Inu coin, SUN DOG references dog-based memes. However, instead of using humorous pictures of a Shiba Inu dog, SUN DOG praises the corgi breed instead. The SUN DOG project gets its name from the TRON 

The SUNDOG token is the standard token used for the SUN DOG project. The primary purpose of the SUNDOG token is entertainment and amusement. Meme enthusiasts can trade it back and forth for fun, but SUNDOG also has some potential for investors. 

SUN DOG aims to explore the viability of the SunPump meme coin platform, part of the TRON blockchain ecosystem, that’s designed to provide a supportive system for creating and trading meme coins. Unlike many other crypto platforms, such as Ethereum, SunPump encourages high trading volumes. Even when a SUNDOG token is traveling between thousands of wallets in a single day, SunPump keeps transaction fees and processing times as low as possible.

The SUN DOG team hopes that the SunPump system will make their coin much more affordable and convenient to trade. Since their primary purpose is to highlight all the features of SunPump, they’ve chosen to keep the rest of their meme coin design fairly simple. SUNDOG has a cute, canine theme reminiscent of many other popular meme coins. The SUN DOG creators believe this will be a universally popular theme that appeals to users without distracting from SunPump and TRON.

As a meme coin, SUNDOG has fairly straightforward mechanics. SUN DOG relies on the SunPump launchpad to handle all of its technology. To set up their token, all the SUN DOG team had to do was choose their token name, token supply, ticker symbol and image. SunPump then created an individualized token on the TRON network, so SUN DOG's security and storage are all easily managed by a reliable blockchain. 

SunPump also helps SUN DOG manage its token’s price. The platform usesa bonding curve mechanism to automatically adjust SUNDOG’s price based on demand. This dynamic price modeling uses exponential and logarithmic formulas, so the price of SUNDOG drastically increases as more tokens are purchased.

For the most part, SUNDOG utilizes classic meme coin tokenomics. It has a maximum supply of 1 billion tokens, all of which were fully unlocked at the token launch. SUN DOG has made its tokens fully available to traders. The tokens weren’t distributed to team members or placed in a treasury for the project; instead, the majority were given away in 

 or immediately placed on the open market.

The simple yet charming design of SUN DOG has won a lot of fans. Since launching in mid-August, the SUNDOG token has steadily climbed the ranks. It’s currently listed as the 

, and the SUN DOG team has also revealed that they’re the biggest dog meme coin on the TRON blockchain. SUNDOG is also performing well compared to meme coins on other blockchains, and is currently in the top 20 meme coins by market cap. 

This popularity has helped SUNDOG perform extremely well. After initially selling as low as $0.04, SUNDOG rapidly climbed to over $0.20. The token’s price reached a new all-time high (ATH) of $0.37 on September 12, 2024. Due to this impressive performance, some crypto enthusiasts are reporting SUNDOG 

 by market cap. SUNDOG is already outperforming a lot of utility coins and 

Looking to trade SUNDOG tokens? Bybit now offers the SUNDOG/USDT Spot trading pair and SUNDOGUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding an 

 where you can grab a share of the 1,200,000 SUNDOG prize pool. From now through Sep 25, 2024, 8:59AM UTC, simply register for the event and complete deposit or trading tasks listed on the Token Splash page to earn big. 

Though SUNDOG might seem like yet one more meme coin, it has several unique features that make it worth exploring. SUNDOG is designed to perform like SHIB or DOGE, but it's marketed directly toward TRON members. This allows SUNDOG to get all the brand recognition of other dog-themed meme coins while offering the fresh new features of SunPump. Compared to many other meme coins, SUNDOG has undergone a lot of reliable, stable growth through late August and early September 2024. Therefore, SUNDOG is an ideal investment choice for investors looking for the next trending meme coin. 

However, don't forget that crypto markets are marked by volatility, and meme coins tend to be particularly volatile. If a new coin on SunPump manages to distract SUNDOG fans, the token’s price could start to fall. Therefore, it's wise to be cautious about investing in SUNDOG. 

, and make sure you don't overextend yourself financially or put more money into SUNDOG than you can afford to lose.

SUNDOG is an excellent example of how a simple concept can capture the hearts and minds of countless crypto enthusiasts. This corgi-themed coin has leveraged the power of the SunPump platform to reach millions of traders. Not only is SUNDOG one of the top meme coins on SunPump, but it's also managed to outperform many other types of crypto tokens.

Intermediate

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SUN DOG (SUNDOG): TRON's Canine Rocketing to the Sun

The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Altcoins

Blockchain

The Hedera Hashgraph network is a carbon-negative network that acts as a distributed ledger for transaction fees and payments.

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With the green movement and resulting clamors for climate protection, regulators are seeking stronger measures to safeguard themselves. Meanwhile, the world’s largest crypto, 

, has been criticized for its massive energy consumption, a trait that’s typical of every 

 (PoW) protocol. So it’s a no-brainer that there’s a real need for green cryptocurrencies. 

The scalability of the crypto world depends on how clean the protocols can be. 

 Hashgraph is known for its environmental sustainability — which is vital for future crypto mass adoption. 

Let’s discuss how Hedera works and if it’s a good investment choice.

 that acts as a distributed ledger for transaction fees and payments of all types, including in-app payments and micropayments. 

It’s also used for network protection. Developers use Hedera Hashgraph to build a secured application that has a real-time consensus. Hedera is more of a graph than a blockchain, hence it’s called Hedera Hashgraph. 

Hedera is based on a technology popularly referred to as the 

 (DAG). This technology allows the network to achieve blazing fast transaction speeds of up to 10, 000 

 (TPS) without the need for mining. It also presents users with low fees of only $0.0001 per transaction. 

Hedera not only boasts lightning-fast transactions at a low cost. It also has an energy efficiency that’s 885,000 times higher than that of Bitcoin. Every user burns just 0.001 kilowatt-hours of energy per transaction. In comparison, transactions in Bitcoin consume 885 kWh of energy.

Hedera Hashgraph consists of four major services. These are a consensus service, a token service, smart contracts and a file service. 

Below are the four main features of the Hedera Hashgraph:

 The HSC allows websites and networks to take advantage of the hashgraph consensus algorithm that acts as a trust layer for a secure and verifiable log of events.

This allows users to mint, configure and manage both fungible and 

 (NFTs) on the Hedera Hashgraph platform. 

 A decentralized file storage service with features like file creation, updates and deletion. 

Hedera Hashgrap operates through a system called 

 (aBFT), which enables a high level of security even if there’s a compromised user on the network. It’s much faster than Bitcoin and 

’s networks because it follows a parallel transaction processing pattern, rather than the serial manner that any typical blockchain technology uses. 

 is the medium through which the network reaches a consensus while nodes on the hashgraph talk to each other and review notes of network transactions. This is fundamentally different from the mining process that Bitcoin and many other altcoin networks follow. The selected transactions are identified as “Famous” by the nodes, as they’re communicated early in the gossip process and are quickly verified by multiple nodes found across the network. 

The consensus protocol is governed by a council of 39 leading businesses and organizations which makes decisions about software upgrades, network pricing and treasury management.

It’s notable that the Hedera Hashgraph project is already being used to facilitate sustainability projects, including 

, a highly scalable peer-to-peer digital energy platform that allows people to trade energy within microgrids. 

HBAR is the native token of the Hedera Hashgraph network. It’s used for powering DApps, building peer-to-peer transactional models and protecting the network from malicious actors. 

Hedera Hashgraph can be used for many things. Apart from powering energy-efficient cryptocurrencies and DApps, it’s also used for network protection, fungible management and data logging. Hedera is currently being used by Boeing, Deutsche Telekom, Google, Tata Communications, IBM, LG Electronics, and many other global companies. 

Note: Figures below are accurate as of this writing (7/7/2022) and are approximated up to two decimal places.

Hedera Hashgraph Price Prediction: Is Hedera Hashgraph a Good Investment? 

Hedera claims that its distributed technology combines the advantages of public and private ledgers, giving users both the privacy of a decentralized platform and the security of a centralized network. Hedera aims to provide a fast and secure network that’s geared towards fairness for all. 

As a green cryptocurrency, Hedera’s resolve to be carbon-negative makes it a viable solution to the energy-intensive outputs of older blockchains like Bitcoin’s.

In addition, Hedera Hashgraph allows every one of its users to stake their coins to receive rewards. This lets investors hold significant stakes on the Hedera platform, while at the same time reaping benefits in order to help guarantee the stability of the network. 

All of these considerations make Hedera a good investment. However, you still need to DYOR — do your own research — before you buy. After all, experts have varying opinions on the future of Hedera’s price. WalletInvestor has bearish views on it, expecting it to slump to a 

. CryptoNewsZ is more bullish in its predictions, estimating its value to 

You can buy or trade the Hedera crypto (HBAR) on many notable cryptocurrency exchanges, such as Bybit. Here’s how it works on Bybit: 

Depending on the cryptocurrency, Bybit has a variety of ways to buy or trade. HBAR can be traded in two ways: 

For spot trading, after funding your account with 

. After selecting it, you’ll be redirected to an exchange page with a corresponding cryptocurrency pair, HBAR/USDT. Otherwise, you can also buy it as a derivative. Derivatives are contracts used to bet on an asset’s future price, rather than its current price. At Bybit, it’s easy to trade derivatives since 

All the USDT perpetual contracts on Bybit are settled in USDT, and the account 

 and contract margins are also calculated in USDT. The steps for trading the HBARUSDT perpetual contract on Bybit are listed below.

To begin trading assets on the exchange, you must be a registered Bybit user. It takes just a few minutes to register for an account. Visit the Bybit website and click on 

to register. Enter your phone number or email address and set up your account. You can start trading immediately after your account is verified.

To begin trading HBARUSDT, you must deposit USDT. First, go to the 

. You’ll be directed to the trading terminal.

The order zone is on the right. To trade the HBARUSDT pair, you can use a limit, market or conditional order. To reduce slippage and trade the asset class at your preferred price, we recommend placing a 

 as opposed to a market order. A limit order also requires lower fees than a market order.

Enter the price at which you wish to buy the HBAR token, as well as the number of HBAR tokens you’d like to buy. (Editor’s note: Before making a trade, please ensure you’re well-informed on the risks of

You can open long or short trades with a single click. Select 

 if you believe that the price will go upside, and 

 if you think the price will move downside. To manage your risks, make sure to include both take-profit and 

 orders in your trades. You can choose from the available percentages, or key in your preferred figure.

Finally, you can keep track of your transactions in the 

 section that’s located at the bottom of the trading terminal. To close your trade, choosing to close by limit will also help ensure that you close at your preferred price. 

Hedera Hashgraph is a third-generation public ledger that has the potential to become one of the fast-rising cryptocurrencies after Bitcoin and Ethereum. It’s a very fast and secure decentralized blockchain. It provides a public network used for all kinds of transactions, while at the same time providing a safe and trusted environment. Its widespread use cases, eco-friendly nature and existing partnerships with several global companies make HBAR a promising crypto to watch.

Hedera Hashgraph: A Green Crypto to Watch

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards