The altcoin market rebounded after a pause linked to war fears and profit-taking, with more than 200 of the 300 largest cryptocurrencies rising over the past week and about 90 declining. Risk-asset sentiment improved after Federal Reserve Governor Christopher Waller said he could support keeping interest rates unchanged in September if disinflation continues. Gains were concentrated in tokens with identifiable catalysts, including exchange listings, mainnet upgrades and DePIN (decentralized physical infrastructure networks) adoption. PONS led the advance with a 445% gain after its late-August KuCoin listing, while MARSCOIN, Helium and Useless Coin also posted triple-digit increases. Tokens connected to Robinhood Chain advanced as the network's decentralized-finance TVL surpassed $800 million, while other projects rose on financing, upgrade or ecosystem developments. Analysts and market data indicate that the rebound has not yet developed into a broad trend reversal: exchange trading volume remains about 70% below October's level, and global net liquidity is approximately $25 trillion, about $5 trillion below 2021 and 2022 levels. Stablecoin (crypto tokens designed to track fiat currencies) exchange inflows turned positive on Sept. 1 after 113 days of net outflows, but the average inflow fell to $6.85 million on Sept. 3 from $13.85 million two days earlier. Macro data, a Sept. 15 procedural Senate vote on the CLARITY Act, oil prices and interest rates remain key variables for the rally.