10 #Bitcoin ETFs inflows 2,586 $BTC(+$247.92M) and 9 #Ethereum ETFs outflows 20,884 $ETH(-$70.69M) yesterday.

Bitfinex released a chart analysis noting that when the yield on the 10-year U.S. Treasury note reaches 5%, Bitcoin’s price behavior aligns more closely with gold than with traditional risk assets. Currently, the correlation between BTC and gold has climbed to 0.52, while the correlation between BTC and daily changes in U.S. Treasury yields has turned negative.

Ethena is expanding the basis trading strategy underpinning its USDe stablecoin, adding Binance’s bStocks tokenized U.S. equities as spot collateral assets and using Binance’s stock perpetual contracts to hedge related exposures. Ethena’s Risk Committee has previously approved the inclusion of tokenized stock basis trading in USDe’s allocation strategy. Previously, Ethena built USDe’s delta-neutral yield strategy primarily by holding crypto asset spot positions and using derivatives for hedging. Data shows that USDe’s current circulating supply stands at around $4.9 billion. Ethena noted that Binance’s stock perpetual contracts currently have an open interest of over $2.9 billion, with a monthly compound growth rate of 105% year-to-date, and an average annualized stock basis yield of 3.56% over the past six months. Ethena founder Guy Young stated that this is the most significant expansion to USDe’s funding mechanism since its launch. Ethena anticipates that as more traditional financial assets are tokenized on-chain, the stock perpetual contract market will likely see opportunities that far exceed those of the crypto perpetual contract market in the future.

According to HTX market data, Bitcoin has rebounded to surpass $85,000, with a 1.76% increase over the past 24 hours.

UBS Chief Investment Officer Mark Haefele and his team stated that markets have priced in an overly aggressive Federal Reserve tightening path, with actual interest rate hikes likely to be smaller than expected. After the 10-year U.S. Treasury yield broke above 5.1%, federal funds futures showed the probability of an October rate hike rising to 70%, but UBS’ baseline scenario remains one additional Fed rate hike in December, followed by holding rates steady. UBS forecasts that the U.S. Bureau of Economic Analysis’ annual revisions will lower core PCE inflation by 0.2 percentage points, and paired with favorable base effects in the first half of next year, inflation is likely to decline steadily over the coming six months. The median interest rate forecast among Fed officials also indicates rates will stay unchanged throughout 2027, weakening the foundation for continued sharp rate hikes. UBS also noted that the U.S. composite PMI rose to 58.4 in September, signaling ongoing economic resilience that supports corporate revenue and profit growth. The firm maintains an "attractive" rating on fixed-income assets, and projects S&P 500 earnings growth of 25% this year and 14% in 2027. For gold, UBS said the metal still faces near-term pressure from high interest rates and a strong U.S. dollar, but views a pullback in gold prices to around $4,000 per ounce as a buying opportunity, and forecasts gold will rise to $5,400 around September 2027.

Magic Eden released a statement noting that the vulnerability occurred in the Payment Processor V2 NFT trading protocol maintained by Limit Break. Magic Eden adopted this protocol to handle EVM network transaction settlements in 2024, but ceased using V2 in October 2024 and will fully shut down its EVM marketplace in Q1 2026. As such, NFTs currently listed on Magic Eden are not affected by this vulnerability. NFTs listed via its EVM marketplace roughly between February and October 2024 may be impacted, while listings made after October 2024 are generally not affected. The platform is in contact with protocol owner and maintainer Limit Break to explore additional risk mitigation measures, including pausing protocol transfers, and will continue investigating the full scope of the impact. Magic Eden reminds users who have listed or traded NFTs on its EVM marketplace to revoke relevant contract approvals on the Ethereum, Polygon, and Base networks. Users can filter their addresses via revoke.cash and revoke all NFT approvals marked as "approved for all". Magic Eden emphasizes that revoking approvals cannot retrieve assets that have already been transferred.

According to TradingBeats' monitoring, around 22:00 on the evening of September 23, XPL’s price saw a brief sharp dip, plunging from roughly $0.094 to $0.0815 within one hour. A whale wallet at address 0xb7e0 began building a long position in XPL at around 1:00 a.m. yesterday, when the token was trading near $0.085. The whale continued accumulating via TWAP orders and completed the full position by 18:00 (6:00 p.m.) the same day. Three hours after the position was finalized, XPL staged a V-shaped reversal. As of press time, XPL is trading at approximately $0.1141, up roughly 30.9% from the whale’s entry price. The position is currently valued at around $3.409 million, with an unrealized profit of about $804,500, translating to a holding return of approximately 308.9%.