Crypto Markets Today: Bitcoin Surges Past $115K as Markets Eye Fed Rate Cut

[The Federal Reserve May Cut Interest Rates by 25 Basis Points This Week, Voting Results Could Show Divergence] The Federal Reserve is expected to lower the federal funds rate target range by 25 basis points to 3.75%–4.0% on Wednesday. Generali Investments predicts that there may be divergence in the voting among policymakers: one dissenter may support a 50 basis point rate cut, while some dissenters may favor keeping rates unchanged. The institution expects the Federal Reserve to cut rates again in December and conduct the final rate cut in the first quarter of 2026. Senior economist Paolo Zanghieri stated that Federal Reserve Chair Jerome Powell may describe this rate cut as a risk management measure but is unlikely to signal a policy inclination for December.

Bithumb led with 12.4 billion won, followed by Upbit with 366 million won. Smaller amounts moved through Coinone and Korbit, while Gopax reported no activity.

Binance - H is currently priced at $0.3424, with a 6.97% increase over 24 hours. 24-hour transaction volume of 1.4 billion US dollars, a decrease of 97.64%, for reference only

[Ethereum Mainnet Default Gas Limit Raised to 60 Million] Ethereum ecosystem developer Nethermind announced that the default Gas limit for the Ethereum mainnet has been raised to 60 million. Nethermind v1.35.0 has been released simultaneously, with updates including improved runtime stability and other key features. Nethermind recommends all operators complete the update before the upcoming fork.

[Wrightson Predicts Fed May End Balance Sheet Reduction This Week] Analysts at research institution Wrightson predict that the Federal Reserve may announce the end of its balance sheet reduction this week. The overnight lending market has recently shown tightening financing conditions, with bank reserves nearing equilibrium levels. The Wrightson team believes this move by the Fed may aim to avoid pressure in funding markets and notes that recent warning signals from the federal funds rate could prompt the Fed to take cautious action.