Overview

• Ethereum fell over 3% to test the $4,000 level during Asian hours, with broader tokens down 2–3%.
• Polymarket traders put the chance of a U.S. government shutdown at about 77% by year‑end and roughly 63% by October 1.
• The Office of Management and Budget told federal agencies to prepare furlough and staffing plans in case funding lapses.
• More than $1.65 billion in leveraged long positions were liquidated recently, accelerating selling across digital assets.
• The Fed cut rates by 25 bps on Sept. 17, Mary Daly emphasized data dependence, and traders are watching multiple Fed speakers Thursday and Friday’s PCE inflation print.