Altcoins are stealing the spotlight.
$JUP overtakes $GLXY as Solana’s 4th-largest validator.
$BNB hits new ATH at $962, TVL climbs 6.9% to $7.6B.
$AVAX surges +25% in 30d on Korea stablecoin payments news.
With the Fed decision just hours away, will momentum turn into liftoff?
Uphold Market Commentary - Sep 17, 2025
Assets Mentioned: $BTC, $HYPE, $JUP, $SOL, $GLXY, $PUMP, $SKY, $BNB, $AVAX, $MOVE
It’s the day traders have been waiting for: FOMC. Polymarket has a 25bps move priced in, but the real question is how markets will react. Both the S&P and Gold are already pushing fresh highs, while Bitcoin continues its steady climb, now trading near $115,600 on Uphold Ascent — up roughly $7,500 since the start of September.
In regulatory news, the U.S. and U.K. have announced a joint digital asset cooperation framework aimed at aligning standards, with a particular focus on stablecoins. The agreement, involving top financial officials and major industry players, is intended to reduce uncertainty, encourage innovation, and address systemic risks and illicit finance.
Speaking of stablecoins, USDC has officially gone live on HyperEVM, giving developers, institutions, and traders direct access to the world’s most widely trusted stablecoin. $HYPE is trading at $55.12 on Ascent.
Uphold Alts Focus
Jupiter has now become Solana’s fourth-largest validator, flipping Galaxy Digital after staking an additional 2.5M SOL from the JLP pool. Jupiter’s total stake now sits at 8.935M SOL versus Galaxy’s 8.806M SOL. $JUP is trading near $0.506 on Uphold Ascent with a market cap of $1.57B.
Looking at revenue data, the top five DeFi protocols by 30-day revenue are as follows: Hyperliquid $HYPE at $96.2M, Pumpfun $PUMP at $57.9M, Axiom Pro at $48.9M, Jupiter $JUP at $25.6M, and Sky $SKY at $19.1M. All correlated assets have outperformed Bitcoin over the past month.
The Binance Smart Chain has posted a 6.87% increase in monthly TVL, now at $7.58B, with $BNB hitting a fresh all-time high of ~$962. On the TVL front, Linea ($LINEA) takes the spotlight with a massive 456% month-over-month surge, now sitting at $1.586B.
Avalanche has also been making headlines, announcing yesterday that INEX has partnered with the network to drive stablecoin payments in Korea. $AVAX has gained over 25% in the past 30 days, ranking as the second-best performer among the top 15 assets — behind $SOL and within ~1% of $HYPE.
Meanwhile, Move Industries revealed plans to migrate Movement $MOVE into a sovereign L1. The upgrade promises 10,000+ TPS, sub-second finality, native unlocked MOVE staking, and Move 2.0 support. More details are expected soon. $MOVE is trading at $0.125 with a market cap of $343M.
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