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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.

According to GMGN data, trader LaserCat previously invested about $10,700 betting on a bull market, currently with an unrealized profit of about $1,123,200, yielding a return of 10,467.74%.

Ripple announced that it will donate $300,000 to World Central Kitchen and Mercy Corps to support emergency food, drinking water, and sanitation facilities assistance for Nepal and Tibet after devastating floods. World Central Kitchen is a nonprofit organization that provides meals in humanitarian emergencies, while Mercy Corps is an organization that provides humanitarian aid and supports post-disaster reconstruction.

Zhao Changpeng recently commented on the emotional and property disputes related to Sun Yuchen, stating that while aggressive marketing can be acceptable, there is no need to use the incident for personal attacks or to affect others' future career development. Instead of disclosing unnecessary details, it is better to resolve the matter directly through legal means. He hopes both parties can handle it properly and respect each other.Zhao Changpeng then added that the cryptocurrency industry should set higher standards for itself. In response, Sun Yuchen expressed agreement, stating, "Mutual respect, proper resolution, and leave the rest to the court; I won't say more."

According to The Block, the U.S. Ninth Circuit Court of Appeals ruled that the prediction market platform Kalshi failed to prove that federal regulations take precedence over Nevada's regulatory authority over sports betting, and Kalshi is not entitled to an injunction.Previously, the Nevada Gaming Control Board had issued a cease and desist order to Kalshi, requiring it to stop conducting contract trading related to elections and sporting events in the state, threatening to initiate criminal or civil proceedings. Subsequently, Kalshi sued the Gaming Control Board and the state, seeking a preliminary injunction to prevent Nevada from regulating its trading of sports and election event contracts. The district court initially granted the injunction but later revoked it following a ruling against Crypto.com. However, the appellate court stated on Friday: "We find that Kalshi has failed to demonstrate that the Commodity Exchange Act (CEA) likely takes precedence over state gaming regulations when applied to its sports event contracts, and we also find that the district court's decision to revoke the injunction did not abuse its discretion." The panel of judges stated: "The en banc court finds that the Commodity Exchange Act likely does not take precedence over Nevada's gaming regulations when applied to Kalshi's sports event contracts."

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale has made a single purchase of $82,000 on "Manchester City FC" in the event "Crystal Palace FC vs Manchester City FC." Based on the current transaction price, the latest corresponding winning probability for this target is 41%.

U.S. short-term interest rate futures fell, with market pricing indicating an increase in bets on a Federal Reserve rate hike following remarks by Fed Chair Waller.

Grayscale's research director Zach Pandl stated that over the past year, during the rise of risk assets driven by AI, Bitcoin's trading performance has been more aligned with high-beta assets, but this situation may be reversing. The 90-day correlation between Bitcoin and the Nasdaq 100 index has dropped from over 60% to about 33%, while its correlation with gold has risen from slightly above 0 at the beginning of the year to over 50%. Grayscale believes this change may indicate that investors are refocusing on Bitcoin's scarcity, monetary independence, and store of value function.Meanwhile, the U.S. federal debt recently surpassed $40 trillion, and the ongoing fiscal deficit along with rising long-term U.S. Treasury yields has led the market to once again pay attention to assets that can hedge against the deterioration of fiscal and monetary fundamentals. Pandl pointed out that Bitcoin has no central issuer, its issuance rules are transparent, and its maximum supply is fixed at 21 million coins. In an environment where the long-term purchasing power of fiat currency is being reassessed, Bitcoin can serve as a scarce and more liquid alternative asset beyond gold. Bitcoin and other scarce digital assets may be entering a more favorable market phase.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $76,521.25 in the event "Arizona Diamondbacks vs. San Francisco Giants." Based on the current transaction price, the latest corresponding winning probability for this target is 45%.

According to Catcher Predict monitoring on-chain data, there is a prediction of significant capital movement in the Polymarket market. A large whale invested $194,480 in the event "Los Angeles Dodgers vs. Atlanta Braves." Based on the current transaction price, the latest corresponding winning probability for this target is 52.6%.

According to data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale has made a single purchase of $401,800 on "FC Barcelona vs. Athletic Club" event, targeting "FC Barcelona." Based on the current transaction price, the latest corresponding winning probability for this target is 80%.