Fed Rate Hike Probability Rises to 58.4% Amid Crypto Turmoil

The Federal Reserve's September meeting is increasingly priced for a rate hike, with Fed funds futures indicating a 58.4% probability of tightening. This macro backdrop continues to shape risk appetite across asset classes, keeping investors cautious ahead of the policy decision and its potential impact on liquidity and valuations in both traditional and digital markets.

The crypto market is navigating turmoil as Hashdex's decision to close its Bitcoin ETF forces rapid investor exits, while Ethereum's staking ecosystem has absorbed an additional 1.4 million ETH, raising questions about future liquidity. Solana remains stuck near $74 after a disappointing July, and traders are weighing whether a reclaim of $80 is realistic.

Unibase (UB) posted an 11% price gain despite a 39% drop in trading volume, suggesting a divergence between price momentum and market interest. Binance introduced a Lite Loan product that promises no liquidations for 30 days.