Crypto Pulse

I. Macro & Market SentimentMarket Data: BTC $76,341 (+1.17%) | ETH $2,427 (+1.55%) | SOL $99 (+2.88%)Market Sentiment: Funding Rate +0.0082% | Fear & Greed Index 50 (Neutral)II. Trading Signals / Hotspots[Today's Focus] BTC | Traditional Funding Channels Expand, Direct USD Deposits Lower Entry ThresholdBTC serves as the anchor for market-wide liquidity and risk appetite. MEXC has introduced a new USD fiat deposit and spot trading channel, directly connecting US and USD-zone users

The 35th Congress of Nahdlatul Ulama, or NU, adopted a more detailed position on Bitcoin. Through its Bahtsul Masail Waqi’iyah deliberation, the congress concluded that Bitcoin could qualify as property, or mal, and a medium of exchange, or tsaman, under its fiqh analysis. Transactions involving Bitcoin as a digital asset were also considered valid and permissible.That conclusion does not make Bitcoin Indonesia’s official currency, allow it to replace the rupiah, or authorize its unrestricted us

Indonesia’s Financial Services Authority, or OJK, has begun discussing the development of a Single Investor Identifier for the country’s crypto ecosystem. If implemented, the SID could provide one investor identity that recognizes the same person or legal entity across multiple service-provider accounts.The system could change how the industry counts investors, conducts identity verification, monitors cross-platform activity, and manages user data. As of mid-September 2026, however, OJK had not

Indonesia’s external debt reached US$454.8 billion in July 2026. The headline is large, but the monthly increase was marginal. External debt stood at US$454.5 billion in June, meaning the position increased by US$300 million, or approximately 0.07%.The annual comparison tells a different story. According to Bank Indonesia, external debt grew by 4.9% from July 2025. The increase was mainly driven by public external debt, while private external debt declined.Whether the debt is manageable cannot b

Indonesian consumers entered August 2026 with greater confidence. The Consumer Confidence Index rose from 116.8 in July to 118.5. A reading above 100 indicates that consumers remain in the optimistic zone.That optimism has not yet been fully reflected in retail sales. Bank Indonesia estimated that the Real Sales Index grew by only 0.5% from August 2025. Growth remained positive, but it was weaker than the realised 1.1% increase recorded in July.The two readings are not contradictory. The Consume

Commission III of Indonesia’s House of Representatives is targeting the enactment of the Criminal Asset Forfeiture Bill by December 2026. The timetable was announced after dozens of public hearings, regional working visits, and written submissions from civil-society groups.A target date does not mean the bill’s substance is final. As of September 15, 2026, lawmakers were still debating issues that will determine how the law operates, including the initial evidence threshold, forfeiture without a

The Indonesian government is using an average exchange-rate assumption of IDR17,500 per US dollar in the 2027 Draft State Budget, known as the RAPBN. The figure serves as one of the parameters for estimating revenue, expenditure, the fiscal deficit, financing, and the annual cost of energy subsidies and compensation.The exchange-rate assumption does not operate in isolation. The government is also using an Indonesian Crude Price assumption of US$75 per barrel, oil lifting of 612,500 barrels per

Starting October 1, 2026, Bank Indonesia will expand the 0% Quick Response Code Indonesian Standard, or QRIS, Merchant Discount Rate for transactions of up to IDR100,000. The policy will cover all merchant categories, including small, medium, and large businesses that could previously be charged a 0.7% MDR.The phrase “zero-percent QRIS fee,” however, needs to be interpreted carefully. The fee being reduced to zero is the MDR borne by merchants when accepting eligible payments. It is not an autom

Indonesia’s annual inflation rate rose to 3.19% in August 2026. The figure remained within Bank Indonesia’s 2.5%±1% target range, yet it may not match what individual households experience when buying food, paying for transportation, or covering other recurring expenses.According to BPS-Statistics Indonesia, the Consumer Price Index reached 111.97 in August 2026. Inflation was recorded at 0.21% compared with July, 1.86% since the beginning of 2026, and 3.19% compared with August 2025.Annual infl

The reported value of digital financial asset derivatives transactions in Indonesia fell from IDR 4.19 trillion in June to IDR 3.41 trillion in July 2026. Indonesia’s Financial Services Authority, or OJK, reported a monthly decline of 18.53% in a release published on September 7, 2026.The decline shows that recorded derivatives transaction activity was lower in July than in the previous month. It does not prove that every trader reduced leverage, that open positions fell by 18.53%, or that liqui