Daily Market Wrap | Sep. 12

Hot Topics

• Bitcoin traded near $115,150 on Sept 12, 2025, hitting a three-week high after U.S. CPI data met expectations, boosting market sentiment.
• Wells Fargo: Fed to deliver 5 rate cuts through mid-2026.
• Forward Industries closed a $1.65 billion PIPE deal on Sept 11, 2025 to build a corporate treasury focused on Solana, sending its stock up ~15% pre-market.
• Figure Technologies IPO targets a valuation of over $5 billion on Nasdaq.

Market Updates

• Solana’s market cap surpassed MercadoLibre’s, pushing SOL ahead in asset rankings as crypto valuations shift.
• Dogecoin surged ~6% on Sept 12, 2025, as traders bet on the launch of the first U.S. Dogecoin ETF, with whale buying lifting volume above $1.1B.