Crypto Market Update: September 23-24

Bitcoin consolidated near $86,000 as market breadth narrowed, with derivatives showing increased bearish signals. Brahma AI raised $150 million in a funding round led by Multiples. The hacker group ShinyHunters compromised the FBI's recruitment website, leading to a temporary shutdown for maintenance. Analysis shows 88 of the top 100 crypto assets remain above their 200-day moving averages, outperforming the S&P 500 in market breadth. Polygon-based stablecoin miMATIC continues to trade at a 14% discount to its $1 peg. Aave founder Stani Kulechov defended V4, noting it has attracted $1.2 billion in deposits and optimizes capital efficiency through its Hub and Spoke model. Meanwhile, President Donald Trump reiterated his call for interest rates to be 1% or lower, contrasting with the Federal Reserve's decision to raise the federal funds rate to 3.75%-4.00% to combat inflation. Additionally, Galaxy added $100 million in sUSDS to its corporate treasury.