News
Tuesday, September 16, 2025
What’s happening: Cryptocurrencies remained under pressure on Monday as investors waited on the sidelines for updates that could impact prices ahead.
What happened: US lawmakers are gearing up for a meeting with crypto industry executives in Washington later today to discuss the government’s Strategic Bitcoin Reserve initiative.
Meanwhile, PayPal launched PayPal Links, a peer-to-peer payment tool for messaging apps, which will soon be used for crypto transfers.
Why it matters: US lawmakers are scheduled for a meeting with 18 leading crypto industry executives, including Strategy chairman Michael Saylor, Fundstrat CEO Tom Lee, MARA CEO Fred Thiel and CleanSpark’s Matt Schultz. The agenda is to explore ways in which the country can advance President Donald Trump’s Strategic Bitcoin Reserve initiative.
Crypto executives are keen on advancing the Bitcoin Act introduced in March, which had plans of the government acquiring one million bitcoins over the next five years. The acquisition is proposed to be financed by the Federal Reserve and Treasury Department.
Meanwhile, the London Stock Exchange Group launched a blockchain platform for private funds. The platform, called Digital Markets Infrastructure (DMI), runs on Microsoft Azure. This made LSE the first major global stock exchange to use a platform that supports the complete digital asset lifecycle, including issuance, tokenisation and settlement after trading.
PayPal announced that PayPal Links will soon support peer-to-peer crypto transfers, including PayPal’s PYUSD stablecoin, bitcoin, ether and other tokens.
Bitcoin rose slightly to $1,15,441 this morning. The crypto king has been on a rally over the past six months, rising more than 36%. Ether, which has gained over 133% over the last six months, was down 0.21% to $4,516 this morning.
What to watch: Investors await the Federal Reserve interest rate decision on Wednesday, with markets widely expecting a cut of 25bps. Lower interest rates generally boost the demand for cryptos.
Context: Equity markets in the UK closed mixed on Monday due to losses in pharma and biotech shares.
Details: AstraZeneca’s shares fell more than 3% on Monday after the company announced a pause to its planned £200 million investment in its Cambridge research centre. Shares of GlaxoSmithKline and BT also fell around 2% during the session.
S4 Capital’s stock dipped to a record low on Monday after the company slashed its annual revenue forecast. However, AO World’s shares surged around 14% after the retailer announced plans for its first-ever share repurchase programme and increased the lower end of its adjusted pre-tax profit outlook for the year.
Meanwhile, the Bank of England is projected to keep interest rates unchanged at its upcoming meeting on Thursday. Markets expect the BoE to cut rates once next quarter and announce another rate cut early next year.
The US and UK are also scheduled to announce deals on technology and civil nuclear energy this week.
London’s FTSE 100 slipped 0.07% to close at 9,277.03 on Monday, while the domestically focused FTSE 250 index rose 0.1% to 21,646.59. The GBP/USD forex pair gained around 0.1% to 1.3612 this morning, the strongest level since early July.
What to watch: Markets await data on UK’s inflation rate and retail price index, due to be released on Wednesday. The UK’s annual core inflation rate, which rose to 3.8% in July from 3.7% in June, is expected to edge lower to 3.6% in August. Analysts expect the retail price index to rise by 4.6% year-over-year in August.
Other Markets: European indices closed mostly higher on Monday, with the DAX 40, CAC 40 and STOXX Europe 600 Index up by 0.21%, 0.92% and 0.42%, respectively.
Ukraine’s military forces reported that they had regained control of the Filia village in the southeastern Dnipropetrovsk region. The news sent the RUB/USD pair lower in forex trading this morning.
India’s total passenger vehicle sales fell by 9.0% year-over-year to 280,839 units in August, after 1.5% growth in the previous month, which exerted pressure on the INR/USD forex pair.
South Korea’s export prices slipped 1% year-over-year in August, compared to a 4.3% decline in the previous month, which sent the KRW/USD pair higher in forex trading this morning.
Sri Lanka’s services PMI dipped to 68.9 in August, from 70.1 in the previous month, exerting pressure on the LKR/USD forex pair.
New Zealand’s annual food inflation came in steady at 5% in August, in-line with July’s reading. The figure remaining at the highest level since November 2023 sent the NZD/USD pair lower in forex trading this morning.
Italy’s inflation rate (1200 UAE Time), Eurozone’s industrial production (1300 UAE Time), ZEW economic sentiment index (1300 UAE Time), industrial production (1300 UAE Time), labour cost index (1300 UAE Time) and wage growth (1300 UAE Time), Germany’s ZEW economic sentiment index (1300 UAE Time), ZEW current conditions (1300 UAE Time) and 5-year Bobl auction (1330 UAE Time), UK’s Treasury Gilt 2040 auction (1300 UAE Time), Brazil’s unemployment rate (1600 UAE Time), Canada’s housing starts (1615 UAE Time) and inflation rate (1630 UAE Time), as well as US retail sales (1630 UAE Time), export prices (1630 UAE Time), import prices (1630 UAE Time), Redbook index (1655 UAE Time), industrial production (1715 UAE Time), capacity utilisation (1715 UAE Time), manufacturing production (1715 UAE Time), business inventories (1800 UAE Time), NAHB housing market index (1800 UAE Time) and 20-year Bond auction (2100 UAE Time).