Odaily reports: Since August, the Ethereum perpetual contract market on prediction market platform Kalshi has seen nearly 1 million trades of nearly identical amounts, with notional trading volume exceeding $5 billion over the past month. The U.S. Commodity Futures Trading Commission (CFTC) is reviewing the related activity and has not yet decided whether to open an investigation.

In the 24 hours up to Wednesday 12:17 UTC, the market recorded 136,474 trades, with a trading value of approximately $584 million. More than 73,200 of those trades were concentrated at roughly $5,426 each, accounting for 54% of the trade count and 68% of the trading value. Open interest stood at $6.6 million, with single-day volume about 88 times the size of open interest.

Kalshi said the repeated amounts came from fixed-size orders placed by market makers and involved hundreds of different traders, and were not wash trading. The platform said its system blocks self-trades and that the related transactions are monitored. As of now, regulators have not announced any enforcement action. (Bitcoin.com News)

Odaily News: Goldman Sachs Asset Management said in a report that it still does not expect the Federal Reserve to enter a sustained rate-hiking cycle. The firm stated: "We believe tariff- and energy-related price pressures may fade, the economy shows few signs of overheating, and inflation expectations remain anchored."

The dot plot from the Fed's meeting last week indicated one more rate hike this year. According to LSEG data, money market pricing shows a cumulative 37 basis points of rate hikes across the Fed's remaining two meetings this year. (Jinshi)

1. Polygon Foundation CEO: 100 million POL tokens have been permanently burned, representing approximately 1% of the total supply;

2. PitchBook: Kalshi's base-case valuation is approximately $30.4 billion, with a maximum potential valuation of $42.1 billion;

3. Robinhood CEO reduced holdings by over $32.54 million in company stock, with direct holdings dropping to 6,907 shares;

4. With a position value of $105.39 million, a trader who went long on BTC with 20x leverage ultimately profited $176,600;

5. Yi Lihua: Bitcoin faces significant resistance near $86K, but long opportunities should still be sought amid the bull market trend;

6. With unrealized gains of $12.949 million, point farm capital heavily accumulated 39.2 million STONK tokens and topped the 24-hour profit rankings;

7. Whale Loracle added to a 3x leveraged PONS short position, with overall position unrealized losses reaching $7.75 million;

8. "Machi Big Brother" added a new 10x PUMP long position, with account unrealized gains rebounding to $780,000.

PPP prediction market tool monitoring shows that Polymarket's "OpenAI valuation will reach $975 billion by September 30" probability has risen to 63%, up 30% in 24 hours.

If, as of September 30, 2026, OpenAI's private market valuation as published on the Nasdaq Private Market has reached or exceeded $975 billion, it will settle as "Yes"; otherwise, it will settle as "No."

If OpenAI completes an IPO or direct listing during this period, the listing pricing and post-listing public market capitalization will also be taken into account. Subsequent revisions to historical data by NPM are generally not counted, unless they are corrections of obvious data errors.

Join the PPP signal push community to stay one step ahead and seize the advantage.

Odaily reports: Nate posted on X that LONG builds liquidity around tokenized stock trading pairs. The main problem in the current crypto market is not a lack of trading activity, but a lack of stability; deep liquidity raises the cost of market manipulation and concentrated supply, and helps the market absorb extreme volatility. Stock trading pairs can serve as a secondary market for tokenized stocks, enabling liquidity providers to participate in trading, arbitrage, and subsequent lending applications.

Taking the AI/NVIDIA trading pair as an example, when NVIDIA stock rises 20%, the USD value of NVIDIA in the liquidity pool will simultaneously rise to approximately 1.2x. Selling the same amount of AI can yield a higher USD value, but the actual effect depends on liquidity depth. Arbitrage activity between AI/NVIDIA, AI/USDG, and NVIDIA/USDG is used to maintain on-chain implied price synchronization; the deeper the NVIDIA liquidity in the pool, the more stable the arbitrage process. Nate stated that at this stage, LONG places greater emphasis on asset distribution and scale growth, rather than immediately providing high yields to holders through fees or dividends. Once asset scale expands, value can be returned to holders through dividends, voting rights, or accumulating NVIDIA. The team previously provided approximately $200,000 worth of liquidity to the AI/NVIDIA pool and LongX-related assets respectively; if included in the community treasury, the value of NVIDIA held could increase by approximately double. Regarding high-tax-rate trading pools and token-holding dividend mechanisms, Nate stated that such models are easily replaced by low-fee pools and rely on highly concentrated and active liquidity management. Therefore, LONG will not support such mechanisms by default, but instead hopes to encourage users to hold for the long term through stock correlation, liquidity, and organic growth.

Odaily News: Trader (0x344) spent two days on Hyperliquid building a BTC long position worth $105.39 million with 20x leverage. When the BTC price reached $87,200, the position was once up $2.44 million in unrealized profit. Subsequently, as U.S. Treasury yields hit 5%, the BTC price pulled back, and the trader closed the entire position, ultimately ending with a profit of $176,600.

Odaily reports: Data shows that point farm capital ranks first on the 24-hour profit leaderboard, with its account currently holding approximately $17.164 million in assets, having grown by about $2.088 million over the past 24 hours. The account holds 39.2 million STONK, worth approximately $14.376 million, accounting for about 84% of total assets; based on a holding return rate of 907.76%, the unrealized gain is approximately $12.949 million. In addition, its holdings of Christmas Cracker (CRACKER) are worth approximately $638,000, with a return rate of 283.23%; RuneScape Gold (GP) is worth approximately $516,000, with a return rate of 202.35%.

Odaily reports: According to a report from financial investment data firm PitchBook, its base-case valuation for prediction market platform Kalshi is approximately $30.4 billion, with a valuation of up to $42.1 billion under a strong market performance scenario and approximately $22.8 billion under a bearish scenario. Kalshi completed a $1 billion Series F funding round in May this year at a post-money valuation of $22 billion.

PitchBook expects Kalshi's revenue to reach $6.4 billion by 2030, with adjusted profit reaching $3.7 billion. However, regulatory risk in sports prediction markets is a key variable affecting its valuation. Currently, the sports market contributes approximately 69.9% of Kalshi's event fee revenue, and this share rises to 82.4% when including Exotics products such as multi-game parlays.

Odaily News: According to SEC disclosures, Robinhood CEO Vladimir Tenev sold 259,166 shares of HOOD on September 21 at an average price of $125.58 per share, with a total transaction value of approximately $32.5456 million.

Following the transaction, Vladimir Tenev's directly held HOOD shares decreased to 6,907, a reduction of approximately 97% compared to before the transaction.

Odaily reports, according to RWA.xyz data, that tokenized stock protocols currently exhibit diverse characteristics in terms of assets under management and breadth of underlying assets.

In terms of assets under management, the top five platforms are Ondo (approximately $882 million), bStocks (approximately $754 million), xStocks (approximately $576 million), Securitize (approximately $424 million), and Bitget's RWA protocol Reality (approximately $162 million).

Furthermore, in terms of the breadth of underlying asset coverage, Reality currently supports 2,160 stocks and ETF underlying assets, making it the protocol with the largest number of underlying assets in this sector. xStocks and Dinari follow with 1,028 and 692 underlying assets, respectively.

Odaily News: According to SoSoValue data, yesterday (September 23, US Eastern Time), Ethereum spot ETFs recorded a total net inflow of $105 million.

The Ethereum spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF ETHA, with a single-day net inflow of $50.7996 million. ETHA's historical total net inflow has now reached $13.206 billion.

Next was Fidelity's ETF FETH, with a single-day net inflow of $41.2754 million. FETH's historical total net inflow has now reached $2.395 billion.

The Ethereum spot ETF with the highest single-day net outflow yesterday was Grayscale's Ethereum Mini Trust ETF ETH, with a single-day net outflow of $4.0901 million. ETH's historical total net inflow has now reached $2.015 billion.

As of press time, the total net asset value of Ethereum spot ETFs stands at $17.505 billion, with the ETF net asset ratio (market value as a proportion of Ethereum's total market value) reaching 5.37%, and cumulative historical net inflows have reached $13.787 billion.

Odaily reports that according to SoSoValue data, yesterday (September 23, US Eastern Time), Bitcoin spot ETFs recorded total net inflows of $347 million.

The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $166 million. IBIT's historical total net inflow has now reached $65.023 billion.

This was followed by Fidelity's ETF FBTC, with a single-day net inflow of $143 million. FBTC's historical total net inflow has now reached $11.001 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $108.663 billion, with the ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) reaching 6.42%, and cumulative historical net inflows totaling $57.222 billion.

Odaily News: On September 24, Ave.ai announced the listing of the $OURA contract trading pair, providing users with a trading gateway to Oura Pre-IPO related assets.

Oura is a global smart health platform. Its core product, the Oura Ring, continuously collects physiological signals such as sleep, activity, readiness, and heart health in a ring form factor, and provides personalized health insights. It has become one of the most representative companies in the wearable health sector.

It is reported that Ave.ai's listing of $OURA contract trading will further enrich the platform's contract trading asset offerings, providing users with more trading opportunities around health tech, wearable devices, and Pre-IPO market trends.

Currently, Ave.ai supports up to 5x leverage for $OURA contract trading.

Odaily News: LD Capital founder Yi Lihua posted that 20 days ago he predicted Bitcoin would face significant resistance upon rising to around 86, and believed that closing long positions near that level would be the better choice.

JackYi stated that despite the short-term pullback, he still maintains a bull market outlook and is not considering shorting. He believes bull markets do not rise in a straight line, and each pullback may present new entry opportunities. He also emphasized the importance of timely stop-losses and risk management in trading.

Odaily reports that the Bank of Russia has amended mutual fund investment rules, allowing funds aimed at professional investors to invest in settlement indices linked to digital currency quotes.

Retail mutual funds may allocate a portion of their portfolios to unlisted Russian securities and foreign securities, including tokenized securities and shares of U.S. exchange-traded funds linked to cryptocurrency prices, with an investment cap of 10% for such assets; the cap for closed-end funds is 20%.