Morningstar strategist Amy Hernot <a href="https://www.morningstar.com/markets/what-7-key-indicators-are-saying-about-market">has compiled a</a> list of seven market indicators that investors should keep an eye on. Predicting macroeconomic indicators is almost pointless: It's almost impossible to predict the direction of interest rates, economic growth, exchange rates or inflation, much less understand how it will affect investments, Ernot said.

Morningstar's seven key market indicators: what investors should watch for

Riot Platforms, Inc.

IREN Limited

Cipher Digital Inc.

The analytical company Arete started covering three bitcoin miners at once - Riot Platforms, Cipher Mining and Iren, assigning them "buy" ratings. The latter company stands out in particular: its securities have risen in price almost five times since the beginning of the year, with analysts expecting further growth of more than 60%. All these players, having a powerful infrastructure of data centers, earn not only on cryptocurrency mining, but also on the long-term lease of capacity for AI computing.

Three bitcoin miners have been recommended for purchase. One has 71% potential

Circle Internet Group

Tether Holdings, the issuer of the world's largest stablecoin USDT, is in talks with investors to raise up to $20 billion at a valuation of the entire company at $500 billion, Bloomberg sources <a href="https://www.bloomberg.com/news/articles/2025-09-23/crypto-giant-tether-seeks-500-billion-valuation-in-major-raise">said</a>. This would make Tether one of the most expensive private companies in the world, the agency noted.

Tether could get a $500 billion valuation, making its shareholder richer than Buffett

Micron Technology, Inc.

NVIDIA Corporation

Micron reported earnings above expectations and gave a strong outlook, citing demand for high-speed memory for AI chips. Tether is preparing a record $15-20 billion round that could value the issuer of the largest stablecoin at $500 billion - on par with OpenAI and SpaceX. In the US, Donald Trump's plans to charge $100,000 for each H-1B visa application have alarmed the startup community. These and other topics are covered in our review of key events on the morning of September 24.

Highlights for this morning: Tether rushes to $500 billion, Micron breaks record, US startups on alert

CEA Industries Inc.

Sharplink, Inc.

Some of these companies are now worth less than the cryptocurrency on their balance sheets

Cryptocurrencies have started buying back their shares in an attempt to stem the slump in stock prices - FT

Coinbase Global, Inc.

Strategy Inc

Gemini Space Station

Deutsche Bank expects bitcoin to rise above $120,000 by the end of 2025

Cryptocurrency stocks fell in parallel with bitcoin's correction. Will it last?

The record launch of spot exchange traded funds on XRP and Dogecoin confirmed investor interest in cryptocurrency instruments. The XRP ETF saw the largest trading volume among 2025 launches, while the Dogecoin ETF was among the top 5 debuts, indicating demand for digital assets beyond bitcoin and ether, Coindesk notes.

Cryptocurrency ETFs XRP and Dogecoin broke trading volume records on debut day

Bullish

Bullish soared in the debut trading after the IPO in mid-August, but has since lost much of its growth

Cathie Wood bought shares of cryptocurrency exchange Bullish ahead of the report. Was her bet justified?

Gemini was listed at a price above the originally announced range, but the number of shares being offered was reduced

Shares of crypto exchange Gemini fell below its IPO price. Are the papers overvalued?

Goldman Sachs report shows a shift in focus toward technology, artificial intelligence, cryptocurrencies and private markets

Billionaires have a growing appetite for risk. Where are they investing and what worries them?

Klarna

The list of promising IPO candidates includes a payment service, three neobanks and a corporate expense management platform

Following Klarna: the five most promising fintech IPO candidates

Figure Technology Solutions

Shares of Klarna, one of Europe's most expensive fintech startups, rose 15% in New York trading. Chinese gold producer Zijin Gold may float for over $3 billion as early as September. Swiss operator of online classifieds sites SMG disclosed the parameters of the largest IPO this year in Europe. The main events on the IPO market during the week are in our selection.