The US Lowers Import Tariffs on Japanese Cars

On September 16th, Bitwise submitted the S-1 application document for an Avalanche ETF (0002086017) to the US SEC.

On September 16th, Kelly, the Chief Global Strategist of JPMorgan Asset Management, stated that if people think that the Fed's rate cut this week was the result of political pressure and deviated from the Fed's economic outlook, then the widely anticipated rate cut will increase the risks to stocks, bonds, and the dollar. Kelly wrote that bond and stock investors on Wall Street have been cheering for the Fed to resume rate cuts after a nine-month pause. However, after the recent rebound, they should adopt a cautious attitude and seek diversified investments. Kelly said, "To a certain extent, the Fed's decision this week is regarded as a surrender to political pressure, adding new risks to the U.S. financial markets and the dollar." "There is a market bubble," and now the accommodative policy is more likely to weaken demand rather than stimulate it, "ultimately being unfavorable to the stock market, bond market, and the dollar." (FXStreet)

September 16th. According to crypto KOL AB Kuai.Dong, during the previous meme season, South Korean trader NAMSEOKHEE had opened long positions on more than 60 meme coins. Now, he has just closed all his long positions, leaving only one ENA long position remaining (with a current floating loss of $109,000). Previously, a week ago, he had achieved a profit of $712,000 through this strategy. Due to his strong belief that the meme season was about to begin, he decided not to close most of his positions, which led to all the profitable positions eventually turning into losses.

September 16th, Pendle made an announcement regarding the commencement of cross-chain PT. It is the first PT-USDe (November 2025) that has been deployed on Avalanche. PT, serving as a source of fixed income, has emerged as an essential component within DeFi. It has supported over $5.8 billion worth of PT as collateral on Ethereum through major lending markets such as Aave, Morpho, and Euler. In the forthcoming period, Pendle intends to utilize PT across different blockchains and even extend its reach to off-chain yield in order to further expand its fixed income landscape.

On September 15th, based on on-chain data, Circle has just transferred 2 million USDC from Arbitrum to HyperEVM for cross-chain transfer.

On September 15th, spot gold reached another all-time high, exceeding $3680 per ounce for the first time.