Bitwise CIO: Bitcoin could reach $1.3 million by 2035, with institutions driving its growth.

According to monitoring by Onchain Lens, Morgan Stanley’s Bitcoin Trust (MSBT) received 51.58 BTC via Coinbase Prime approximately 5 hours ago, valued at around $4 million. Over the past two weeks, MSBT has accumulated a total of 641.87 BTC through related transfers, worth approximately $50.6 million at current prices. Official information from Morgan Stanley shows that MSBT is a spot Bitcoin product that holds actual BTC, with custody services provided by BNY Mellon and Coinbase Custody.

Robinhood’s August operational data shows the platform’s crypto nominal trading volume rose to $17.5 billion, a 61% month-over-month (MoM) increase, though still down 38% year-over-year (YoY). Of this, the Robinhood App accounted for $7.4 billion in trading volume (up 72% MoM), while Bitstamp contributed $10.1 billion (up 53% MoM). Robinhood saw faster growth in prediction markets compared to crypto trading: August event contract trading volume hit 4.7 billion contracts, down 23% MoM but up roughly 15x YoY. The firm has previously positioned event contracts as a key growth driver; its related revenue surged over 10x YoY in Q2 this year, surpassing crypto trading to become a major source of transaction revenue. As of the end of August, Robinhood’s total platform assets reached $384 billion, up 26% YoY, with 28.6 million funded customers. Margin lending balances stood at $21.5 billion, up 72% YoY. Additionally, on-chain transaction activity on Robinhood Chain continued to grow. Robinhood is currently expanding beyond its traditional stock and crypto trading platform to become a comprehensive financial platform covering crypto assets, prediction markets, and on-chain transactions.

According to OnchainLens monitoring, Hyperliquid repurchased and burned 32,770 HYPE tokens over the past 24 hours. At an average price of $81.01, this operation is valued at approximately $2.65 million. As of now, Hyperliquid has cumulatively burned around 48.57 million HYPE tokens, meaning roughly 4.86% of its maximum token supply has been permanently removed. Hyperliquid’s HYPE repurchase mechanism is primarily driven by the platform’s trading fees: the protocol uses the relevant revenue to repurchase HYPE on the market before burning it. Recent on-chain data also shows this mechanism remains operational.

According to EmberCN’s monitoring, a whale who previously offloaded 50,600 ETH at an average price of $2,921 at the end of last year, locking in around $19.02 million in profits, has re-entered the market to buy BTC after staying inactive for roughly 8 months. The whale has recently conducted continuous cross-chain swaps via THORChain, spending a total of $85.42 million in USDC over 4 days to acquire 1,075.6 BTC at an average cost of around $79,412, including approximately $170,000 in swap fees paid to THORChain. Around September 9 alone, the address bought 179.8 BTC using $14.2 million in USDC within 24 hours, at an average transaction price of roughly $78,955.

Insight Beating AI Flash News: The AI community is abuzz with rumors that Google DeepMind has achieved RSI. RSI stands for Recursive Self-Improvement, widely regarded as a critical step toward superintelligence. AI systems can independently refine training methods, code, and models to build stronger next-generation versions, which then undergo further upgrades. If fully realized, AI development could enter a self-accelerating cycle. The rumor originated when leaker account lyra sent Google DeepMind a message reading "huge congRatulationS Indeed!", with three capitalized letters spelling out RSI. Shortly after, user Lentils shared an alleged internal model list featuring "rsi-model-liverl-le". He also claimed Google has 10 slots for training models of the same series, though no corresponding screenshots were provided. The rumor is not entirely unfounded. Reuters reported in August that Google co-founder Sergey Brin had tasked DeepMind with accelerating Gemini development and prioritizing recursive self-improvement. DeepMind’s official report in June also listed "recursive improvement" as one of four potential paths from AGI to ASI.

Meme coin launch platform LONG has announced the launch of Pre-IPO trading pairs for OpenAI and Anthropic, with perpetual contract infrastructure provided by Lighter. Long.xyz stated that the platform has established paired liquidity pools for OpenAI, Anthropic, and NVIDIA, with 1x leverage for OpenAI and Anthropic, and 3x leverage for NVIDIA. For the early market, the platform adopts a customized liquidity design to gradually expand liquidity with lower market depth. It is important to note that Pre-IPO contracts do not represent actual ownership of OpenAI or Anthropic shares, but rather track the valuation expectations of these private companies. Lighter’s current OpenAI and Anthropic contracts support a maximum leverage of 5x and use an internal pricing mechanism. Long.xyz emphasized that Pre-IPO trading is still in the experimental stage, and the platform will gradually adjust related products based on market performance. Recent rising expectations for OpenAI and Anthropic’s IPOs have also driven a rapid increase in such on-chain pre-IPO trading products. A new on-chain trading format has emerged: tokenized long positions paired with Memecoins to offer speculative exposure, an upgraded version of the earlier gameplay where stock tokens like NVDA were paired with Memecoins. However, related tokens are highly volatile and carry significant uncertainty, so users should exercise caution when investing.