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According to Protos, the 90-day price correlation between BTC and gold has risen to 0.56, up from a previous high of about 0.5 in November 2020, reaching the highest level since statistics have been available from most data providers since 2017. During the same period, the 90-day correlation between BTC and the Nasdaq 100 has dropped to about 0.3, marking a one-year low.In a 30-day window, the correlation between BTC and gold further increased to 0.72, while the correlation with the Nasdaq Composite Index is only about 0.22. Since August, the flow of funds around the "currency devaluation trade" has reinforced BTC's narrative as "digital gold."

According to CoinDesk, the Bitcoin mortgage product jointly launched by Better Mortgage and Coinbase has been fully launched last week. Borrowers can pledge Bitcoin at a 250% collateral rate to pay for the down payment on a home. For example, to purchase a $500,000 property, one would need to pledge $250,000 in Bitcoin to support a $100,000 down payment. Since the full launch, the pre-application loan scale has reached $360 million, higher than the previous estimated $260 million from the waiting list users.At closing, borrowers will receive two loans: one is a conventional mortgage secured by the property that meets Fannie Mae standards, and the other is a down payment loan secured by pledged Bitcoin and a subordinate lien on the property. Better disclosed that it may re-pledge the Bitcoin pledged by borrowers, as long as an equivalent amount of assets is retained for return. Borrowers cannot retrieve their crypto assets early and must wait until the conventional mortgage is fully repaid or refinanced to recover them, meaning Bitcoin may be locked for up to 15 to 30 years.Unlike typical crypto loans, a drop in Bitcoin prices will not trigger a margin call or automatic liquidation; liquidation of pledged assets may only occur 60 days after the borrower defaults. Coinbase only acts as a custodian and technology provider and does not participate in credit decisions. Currently, the product only supports Bitcoin collateral; both parties mentioned USDC when announced in March but ultimately chose to launch with BTC first.

The Kobeissi Letter stated that the price trends of Bitcoin and gold are increasingly synchronized. The 90-day correlation between Bitcoin and gold prices has risen to +0.50, nearly matching the historical high reached during the pandemic in 2020, and this value has more than doubled since the beginning of the year.In contrast, after the recovery from the 2022 bear market, this 90-day correlation had risen to +0.30. The account noted that the recent acceleration in correlation occurred after the U.S. Treasury announced on August 19 that it would at least double the scale of long-term Treasury bond repurchases, increasing from $2 billion to $4 billion per transaction.Meanwhile, the 90-day correlation between Bitcoin and the Nasdaq 100 index has dropped to about 0.30, a one-year low. The account indicated that investors are increasingly viewing both gold and Bitcoin as tools to hedge against currency depreciation.

Bitwise's Head of Research for Europe, André Dragosch, pointed out in a client memo that the 90-day correlation between Bitcoin and gold has reached its highest level in nearly six years. Bitcoin rose by 22.4% in a week, marking the largest weekly gain since March 2024, while gold increased by about 5%, and the stock market declined. The last time similar data appeared was in 2020, when governments and central banks around the world implemented fiscal and monetary stimulus measures in response to the COVID-19 pandemic crisis. Bitwise noted that according to its 90-day indicator, as of the end of August, Bitcoin had a negative correlation with the US dollar index, which means that a weakening dollar would be beneficial for Bitcoin and gold.

After the non-farm payroll data was released, the US Dollar Index DXY rose sharply by 34 points, reaching 99.36 points. The market increased its bets on the Federal Reserve raising interest rates in September.

Anza stated that the reduction in Solana token rent has gone live on the mainnet Beta, and proposal SIMD-0437 Step 1 has been activated at epoch 1028.This step reduces the required lamports per byte from 6960 to 6333; subsequent functionality gates will be activated after checking the growth status at the current rent level, ultimately reducing to 696 gradually.

Memecoin issuance platform Pons announced on Thursday that Uniswap Labs has purchased its token PONS, stating that this move is a "long-term alignment" and is seen as a deepening of cooperation between the two parties. Both parties did not disclose the scale of the purchase, transaction price, or holding address, and Pons did not specify whether Uniswap Labs acquired the tokens through the open market or received a token allocation.Pons is the Memecoin issuance platform that charges the highest issuance fees on the Robinhood Chain, launched on July 13, and deployed the V2 contract on August 3. Its V2 will route tokens raised through joint curve fundraising to the Uniswap V4 pool, while the Robinhood Chain currently accounts for 56.3% of the total trading volume on Uniswap V4. Previously, Uniswap Labs launched a competing issuance platform, Pools.trade, on the Robinhood Chain on August 5, surpassing Pons on its first day of launch.Data shows that Pons generated $5.95 million in fees in the past 24 hours, $28.83 million in fees over the past 7 days, and $40.84 million in fees over the past 30 days, using about 80% of the protocol fees to repurchase PONS, with a cumulative supply destruction of 29.34%. PONS is currently priced at $0.5013, up 17.5% in 24 hours, with a market capitalization of approximately $357 million.

According to Decrypt, Judge Rosemarie Aquilina of the Ingham County Circuit Court in Michigan has issued a preliminary injunction against the prediction market platform Kalshi, requiring it to stop offering sports betting-related contracts to Michigan residents. The court found that Kalshi's related business is essentially "sports betting disguised as investment opportunities."Under the order, Kalshi must block in-state users through a third-party geolocation service licensed by the Michigan betting regulatory agency, or face a daily fine of $500,000. The injunction also prohibits it from allowing account registration, deposits, advertising, and similar sports betting product features for Michigan residents until a final judgment is made in the case.

The official Chinese version of the "2026 Artificial Intelligence Index Report" from Stanford University's Human-Centered Artificial Intelligence Institute (HAI) was officially released today. The report points out that artificial intelligence has moved beyond a mere competition of model capabilities and is deepening into systemic changes at the levels of infrastructure, organizational processes, and institutions.Currently, the leading models worldwide are performing close to 100% human level on the software engineering benchmark SWE-bench; the success rate of agents in real computing environments has surged from 12% to 66%, with AI evolving from "generating information" to "executing tasks." The gap between top models in China and the U.S. has narrowed to 2.7%, with leading models from both sides having exchanged positions multiple times.In addition, physical infrastructure has become a core constraint on AI development. The global AI data center power capacity has reached 29.6 gigawatts, and chips, energy, and water resources are becoming key strategic bottlenecks for AI development.

According to The Information, the U.S. Commodity Futures Trading Commission (CFTC) is reviewing relevant rules to address potential conflicts of interest between prediction market exchanges and their affiliated trading companies.

The prediction market platform Kalshi announced a three-year suspension of trading eligibility for North Carolina Republican congressional candidate Laurie Buckhout, along with a fine of $2,589.96, due to her having purchased contracts related to her own campaign. According to a settlement agreement effective August 28, Buckhout purchased contracts worth less than $1,000 related to her candidacy, violating the platform's rule 5.17(z), which prohibits trading by individuals who have "direct or indirect influence" on the outcome.Buckhout stated in a declaration, "I did bet on myself, and it was indeed a foolish mistake. Once I realized the issue, I immediately cooperated to correct it. You could say my career as a Kalshi trader was very short." Kalshi indicated that Buckhout cooperated during the investigation and agreed to accept the penalties. Previously, Kalshi had imposed similar penalties on several politicians, including Minnesota Senator Matt Klein and former Texas congressional candidate Ezekiel Enriquez, who also bet on their own campaigns.Buckhout is a retired Army colonel who previously served as the Deputy Assistant Secretary of Defense for Cyber Policy. She is challenging Democratic Congressman Don Davis, replaying the 2024 matchup, in which Davis won with 49.5% to 47.8%. The North Carolina legislature redrew the district last year to make it more favorable to Republicans, and the Cook Political Report rated the district as "leaning Republican."

On-chain data analysis platform Glassnode posted on X that Bitcoin and the stock market are decoupling, with the correlation between Bitcoin and the S&P 500 approaching a nearly two-year low.Glassnode stated that the close relationship with stocks that previously defined the recent downward trend is fading.

Tom Lee stated during his appearance on CNBC: "I believe that there are actually very few people who truly hold cryptocurrencies. Because of this, I think Bitcoin can easily break through six figures (like over $100,000), but it may also be affected by interest rate hikes. As for how cryptocurrencies will perform, I think this will be a good test, but we have already seen long-term yields (interest rates) rising. So, if we see the Federal Reserve raising interest rates while long-term yields actually decline, that would essentially mean monetary easing. Therefore, the key may be how long-term yields respond to the Federal Reserve's interest rate hikes."He also added: "I think this is just the first wave of the rise because this round of cryptocurrency market has caught many people off guard. Well, I believe institutional investors are buying stocks related to cryptocurrencies, and this is very obvious—trading volume has surged significantly, which signals that they are betting on a big market in the fourth quarter. I think $150,000 is still possible, well, it's actually not that far from now."

According to data monitored by Catcher Predict, significant capital movements are predicted on the Polymarket platform. A large whale has made a single purchase of $182,326.3 on "Aston Villa FC vs. Arsenal FC," targeting "Arsenal FC." Based on the current transaction price, the latest corresponding winning probability for this bet is 65%.

According to Ai Yi's monitoring, the leading privacy coin XMR's top holder has only used 23 days, with total profits from betting on a single coin rising exceeding 3.15 million USD.This bet started on August 9, with a maximum holding of 34,000 XMR (approximately 16.72 million USD). Last night, half of the position was closed for a profit of 1.637 million USD; currently, they still hold 16,000 XMR at 4x leverage, with an unrealized profit exceeding 1.53 million USD.

The total open interest for Bitcoin futures is 695,020 contracts, valued at $54.82 billion, down 0.26% in the past hour, down 0.38% in the past four hours, but still up 1.15% in the past 24 hours. Binance holds 142,500 Bitcoins, valued at $11.24 billion, accounting for 20.5%.In Deribit Bitcoin options open interest, call options hold 288,409.93 Bitcoins, accounting for 60.89%; put options hold 185,234.42 Bitcoins, accounting for 39.11%. In the past 24 hours, the trading volume of put options accounted for 54.49%, with 12,380.77 contracts traded, higher than the 10,339.78 contracts of call options. Data from Deribit, Binance, and OKX shows that the maximum pain point for options on September 25 is close to the range of $70,000 to $73,000. The spot price of Bitcoin is $78,425, and futures positions remain high.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $52,123.74 in a single bet on the event "Sunderland AFC vs. Fulham FC," targeting "Sunderland AFC." Based on the current transaction price, the latest corresponding winning probability for this bet is 43%.

According to CoinDesk, as Bitcoin surged from about $62,000 to over $77,000 last week, liquidating approximately $3 billion in leveraged short positions, major crypto market makers such as Abraxas Capital, Fasanara Capital, and Wintermute quietly established short positions in perpetual contracts worth hundreds of millions of dollars on Hyperliquid.Lookonchain data shows that the three institutions collectively hold short positions of 138,569 ETH (approximately $338 million) and 3,425 BTC (approximately $265 million); meanwhile, Abraxas Capital withdrew 73,872 ETH (approximately $173 million) from Binance in the past four days.This strategy is known as cash arbitrage or basis trading: traders hold spot positions while shorting an equivalent amount of assets through perpetual contracts to hedge against price volatility risks, primarily earning the funding rates paid by longs to shorts. In previous months, funding rates were long suppressed or even turned negative, but this month's rebound has quickly turned funding rates positive, reopening the arbitrage window. Aegis data shows that the 30-day average funding rate for Bitcoin perpetual contracts on August 24 reached an annualized 6.7%, with a 7-day average of 8.7%; 21shares capital markets noted that basis trading for mainstream assets like Solana is also becoming lucrative.This trading has extended to regulated markets: Glassnode data shows that CME Bitcoin futures open interest has risen from about 87,000 BTC to 122,000 BTC.