The Brief.
|Wed, Sep 23, 2026
Lead StoryVice Chair Philip N. Jefferson. 2026 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York, New York. Last-Modified Tue, 22 Sep 2026 14:20:19 GMT. March 2020 sharp increase in Treasury securities pledged. Borrower-in-Custody simplifications dated September 8, 2026: simplified forms, faster enrollment, automated pledged loan lists. 2024 request for information follow-through. PDF https://www.federalreserve.gov/newsevents/speech/files/jefferson20260922a.pdf.
Over 60% of requests use Discount Window Direct. Three dimensions: business-process, automation, FHLB. Same-day Treasury pledge; shock absorber. As-of Tue 22 Sep 2026. Federal Reserve.
US spot bitcoin ETFs +$999.0m (IBIT +$381.4m, ARKB +$289.1m, FBTC +$238.8m) after Fri 18 +$433.0m. ETH +$270.0m (ETHA +$110.1m). Cumulative +$56.2B. As-of Mon 21 Sep 2026. Farside.
SCB volatility halves via a two-year average and a Jan 1 SCB date. SVB: 94% uninsured; staff knew by March 2022; 96% of chatter after failure was inevitable. As-of Fri 18 Sep 2026, revised 17:07 GMT. Federal Reserve.
Raised the target range 1/4 percentage point to 3-3/4 to 4 percent. Approved 12–0. As-of Wed 16 Sep 2026. Federal Reserve.
If inflation is not moderating enough toward 2 percent, act decisively to raise rates. If it is, take more time. As-of Tue 1 Sep 2026. Federal Reserve.
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Fed Watch
Treasury par. Mon 21 4.96% unrevised. 2Y -5bp to 4.71%. As-of Tue 22 Sep 2026.
Bitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023. As-of 2026-09-17 16:22 UTC.
The SEC debuted its long-awaited "innovation exemption," providing a roadmap for blockchain-based venues to offer tokenized securities. As-of 2026-09-17 10:41 UTC.
Market News
ARKB −$114.9m, BITB −$49.7m, IBIT −$33.4m. First outflow after Aug 17–27 inflows. Cumulative still +$54.7B. As-of Fri 28 Aug 2026. Farside.
The funds pulled in more on Monday than across the whole of last week, when they posted the weakest net inflow of their history. As-of 2026-09-22 14:59 UTC.
House read: the dated crypto print still holds. As-of 2026-09-22 11:35 UTC.
WTI crude oil drops to $89 as reports suggest Iran could reopen the Strait of Hormuz within seven days. As-of 2026-09-22 10:20 UTC.
WTI crude oil dropped to $90 as reports suggested Iran could reopen the Strait of Hormuz within seven days. As-of 2026-09-22 10:20 UTC.
Technical Analysis
$ASTER has reclaimed four-hour resistance at $0.7344 and is testing $0.7372. The next structural resistance sits at $0.7456, and traders should watch whether the breakout holds or pulls back to retest support.
$XRP reclaimed its $1.55 4-hour resistance and now trades at $1.56 with the next structural target at $1.57. Price structure and 24h volume of $6.4B are worth monitoring for confirmation of continuation.
$ASTER lost support at $0.7309 on the 4-hour chart and is now testing $0.7268, with the next structural barrier sitting at $0.6762. The breakdown carries weight only if volume and momentum confirm the move.
Chainlink has reclaimed the $12.59 resistance level on the 4-hour chart, with price now at $13.06 (up 8.24%). The next structural target sits at $13.69.
Solana broke above the $114.00 4H resistance and now trades at $115.83. The next structural targets sit at $118-120, with $114.00 as the new support level to watch in the London and New York sessions.
Macro Print Reaction
FOMC Sep 2026 release saw $BTC trade flat (-0.04%) while derivatives open interest climbed 1.16%, revealing dealer hedging and balanced positioning ahead of the next macro shock.
Bitcoin's 0.04% move around the Sep 2026 FOMC masked a 1.16% jump in open interest and flat funding rates, signaling balanced positioning ahead of the next macro catalyst.
$BTC derivatives OI climbed 1.16% in the 4-hour window spanning the September 2026 FOMC release, even as spot price drifted -0.04%, signaling active positioning among leverage traders.