El Salvador's economic reforms and improved security enhance investor confidence, signaling potential for sustained growth and poverty reduction.

The post IMF reports better-than-anticipated growth performance in El Salvador appeared first on Crypto Briefing.

The tightening Texas Senate race signals potential shifts in political dynamics, challenging traditional party strongholds and voter alignments.

The post Texas Senate race tightens as Talarico, Paxton face off appeared first on Crypto Briefing.

The SEC's inquiry into novel ETFs could reshape regulatory frameworks, impacting innovation and market dynamics in the financial sector.

The post SEC seeks public opinions on novel ETF funds as industry races to innovate appeared first on Crypto Briefing.

Anthropic's substantial pre-IPO credit facility signals strong market confidence, potentially boosting investor interest and IPO valuation expectations.

The post Anthropic nears $15B pre-IPO credit facility appeared first on Crypto Briefing.

Coinbase's move could reshape US trading by enabling 24/7 leveraged stock derivatives, challenging traditional market hours and regulations.

The post Coinbase takes regulatory step for leveraged stock trading appeared first on Crypto Briefing.

Bitcoin Magazine

Bitcoin Bear Market May Not Yet Be Over, Says Fidelity 

Bitcoin may be rallying but that doesn’t mean the bear market is over. Not yet, anyway. 

A new report from asset manager Fidelity said that while bitcoin was behaving like it did in previous cycles, it could still hit a bottom in November. 

Bitcoin started rallying in mid-August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The asset’s price recently stood at close to $81,639, up nearly 30% over a 30-day period. 

Some have since argued that bitcoin is out of its bear market. The coin touched a record high in October last year, hitting $126,080. 

“Given bitcoin’s recent performance, the bottom could already have occurred in July,” Chris Kuiper, Vice President of Research at Fidelity Digital Assets, wrote. 

“It could also drop again to make another new low in November or later,” he continued, adding that bitcoin cycles have historically not been precisely four years long, so they “aren’t reliable for timing the market.” 

Throughout most of June and July, bitcoin’s volatility was particularly muted, and the coin traded below $65,000. 

But that all changed in August after the Treasury Department’s announcement, which has since brought the so-called debasement trade back in the picture again. 

To get an idea of where bitcoin moves next, Kuiper argued that investors should pay attention to what happens with the crypto Clarity Act. Proponents argue it could provide “greater regulatory certainty and support continued innovation in the U.S. digital asset ecosystem,” he wrote. 

President Donald Trump in August urged lawmakers to get the long-awaited crypto market structure bill over the line, helping spur bitcoin’s run. The president called the draft “very, very powerful” after meeting with crypto industry bigwigs at the White House. 

The digital asset industry has long called for clear rules on how regulators should treat bitcoin, stablecoins and other cryptocurrencies. 

Lawmakers will vote on the bill this month. 

This post Bitcoin Bear Market May Not Yet Be Over, Says Fidelity  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount

Bitcoin’s correlation with gold is at its highest in six years as investors increasingly look for ways to hedge against currency debasement. 

That’s according to a new report from Bitwise, which this week pointed out that the precious metal and leading cryptocurrency are trading in lockstep because the U.S. government has “materially intervened in the macro picture.” 

Bitcoin started surging last month, after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. The coin had its best run in three years and third best August ever. 

“The last time the bitcoin-gold correlation was that high was in 2020, following the rounds of fiscal and monetary stimulus during the Covid crisis,” Bitwise’s European Head of Research, André Dragosch, wrote. 

He added that bitcoin’s correlation with the stock market dropped to a one-year low, “implying some kind of decoupling between hard assets and the stock market.”

Bitcoin has been pushed as “digital gold” for years but has sometimes traded with tech stocks as a “risk-on” asset. 

But the so-called debasement trade — when investors buy an asset as a way to hedge against a currency losing value — was a much-talked about investment strategy last year and appears to be back. 

The reason is down to the government intervening in markets, Dragosch argued. When the Treasury said it would try to rein in long-term borrowing costs, the dollar’s value slid and sent investors flooding back to gold — and bitcoin. 

The Treasury the same week also said the U.S. public debt exceeded $40 trillion for the first time. Excessive debt also undermines confidence in the dollar. 

“Investors are no longer asking whether to hedge currency debasement with gold or bitcoin. They’re simply hedging with both,” the report added. 

“Bitcoin spent its first fifteen years being priced as a risk asset. If this correlation trend with gold holds, the next fifteen may look very different.”

The leading cryptocurrency again rallied this week, and was recently trading for close to $81,438 after jumping nearly 6% over a 24-hour period. 

This post Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote

U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms. 

The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow their differences in getting the bill drafted. 

Pro-crypto lawmakers were hoping the Clarity Act passed before Congress departed for August recess. After a delay, a vote will now go ahead on September 15. 

“Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?” Hill said. 

“This one remaining significant issue is the ethics provision, and that is best solved by passing the legislation because everybody — no matter what family they belong to, the Trumps or not — would then be under a regulatory framework fully scrutinized by the United States government in commodity and securities and banking regulators,” he added. 

The Clarity Act was first introduced by Hill, the House Financial Services Chairman, last year. 

Crypto companies have long called for clear regulations for the industry. The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins. 

The House of Representatives passed the bill last July but it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield. 

A new draft tackling the issue of ethics started circulating in July. It bans government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing. 

A group of Democrats said the bill fell short and wanted amendments. Some were accused of deliberately holding it back by Republicans like Cynthia Lummis. 

Some have praised the bipartisan work that has already gone into the bill, namely Coinbase, America’s biggest crypto exchange. The company’s Chief Policy Officer, Faryar Shirzad, said in July that while some Democratic lawmakers were holding back the long-awaited legislation, younger Democrats wanted to pass it. 

President Donald Trump in August said that in order for the U.S. to remain the “undisputed leader in Bitcoin and crypto,” lawmakers had to pass the “very, very powerful legislation.” 

This post French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Kraken and SoFi Link Crypto Trading To Banking Rails

Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies on Thursday announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange.

Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025. 

Rather than filling trades against a single order book, Kraken Prime uses smart order routing to compare prices and depth across multiple venues and execute where the fill is best. SoFi said customers will see no change to the app itself.

Payward is also joining the SoFi Exchange Network, the bank’s real-time settlement system, and will list SoFiUSD — SoFi’s bank-issued stablecoin — on Kraken. 

Kraken Prime’s institutional and business clients will in turn gain access to SoFi’s business banking services and round-the-clock fiat settlement. The companies said qualified custody services would follow later.

SoFi holds a national bank charter and has 15.8 million members. The partnership is the latest in a series of tie-ups between Kraken and established financial firms, following arrangements with Deutsche Börse on foreign exchange and derivatives infrastructure, Nasdaq on a tokenized equities gateway, and Franklin Templeton on tokenizing exchange-traded funds.

The news comes after SoFi, a purely digital lender, last year became the first nationally chartered bank in the United States to launch crypto services for retail customers.

The company’s new SoFi crypto platform allows members to buy, sell and hold bitcoin directly within their bank accounts.

Kraken — like other crypto exchanges — is pushing into the traditional finance world, allowing users to trade stocks, bonds and other assets. The company has sold its app as a “primary account for everything.”

This post Kraken and SoFi Link Crypto Trading To Banking Rails first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It

Bitcoin surged on Thursday — but industry-related stocks rose even quicker as a rally that started weeks ago again picked up steam. 

The price of the biggest cryptocurrency hit as high as $81,282 on Thursday morning in New York, a nearly 3% increase over a 24-hour period. 

Over the past 30 days, the bitcoin price has surged over 23% following both positive regulatory news and announcements from the U.S. Treasury Department regarding debt buybacks. 

But other major crypto company stocks rose quicker. Bitcoin treasury Strategy (NASDAQ: MSTR) was trading more than 13% higher on Thursday. The company on Monday resumed bitcoin buys after a 10-week pause to reshuffle its cash balance sheet. 

America’s biggest crypto exchange, Coinbase, also saw its stock shoot up. Nasdaq-listed COIN was trading 11% higher in the same time period. 

Elsewhere, bitcoin mining companies had a boost too. Top public companies in the space — including the Nasdaq-listed HIVE Digital, MARA, and CleanSpark — all were up on Thursday. 

HIVE Digital led the pack with a 13% jump, while MARA Holdings was up more than 10% on the day. 

Clean energy bitcoin miner CleanSpark jumped by 9%; IREN, which is slowly phasing out its mining operations to focus on AI-compute, was up by 4%. 

Bitcoin had a phenomenal run in August — its third best such month in its history — after the U.S. Treasury Department said it would more than double the size of its government debt repurchases.

The announcement, aimed to tame surging yields not seen in nearly 20 years, hurt the dollar but has benefited non-yielding assets like bitcoin and gold. 

Soon after, President Donald Trump urged lawmakers to get the long-awaited crypto Clarity Act over the line — digital asset legislation the industry has long called for. 

Investors rushed back into bitcoin exchange-traded funds as a result, throwing over $2.8 billion at the vehicles — the most since October, when the coin hit a new all-time high. 

Bitcoin had spent a lot of the year trading below $80,000 per coin, with June and July mostly below $65,000. The coin hit a new record of $126,080 in October. It is now nearly 40% below that number. 

This post Bitcoin Rallies Over $81,000 — And Brings BTC-Related Stocks With It first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Privacy advocates say the law raises First Amendment questions the courts have yet to address.

The projected revenue requires two contract extensions, while an option for more computing capacity could bring the total above $3 billion.

PONS, the token behind Robinhood Chain's biggest meme coin factory, flipped CASHCAT to become the chain's largest cryptocurrency by market cap—and its chart looks like a hockey stick.

The forthcoming bill would pause advanced AI development, create a federal regulator, and threaten violators with up to 20 years in prison.

The model can independently discover and exploit unknown security flaws across hardened systems, triggering a staged rollout and White House review before public access.

Bitcoin has decisively reclaimed its closely watched 50-week moving average.

House Republicans’ decision to cut the September legislative session short could significantly delay the CLARITY Act.

XRP ETFs outpace the token by 100% amid an abnormal liquidity mismatch in U.S. order books during a $27.2 million  trading session.

U.S. Treasury Secretary Scott Bessent’s warning that the world is "awash in debt" has inadvertently made the case for Bitcoin.

Binance shares new safety measures on how users can protect their funds amid rising phishing attacks from scammers tricking victims.

TLDR:

• ARB price gained more than 50% in seven days and roughly 23% in 24 hours, while daily trading volume climbed above $500 million.
• ArbitrumDAO reported $6.19 million in first-half income from four revenue lines carrying a combined gross margin above 97%.
• Robinhood Chain generated $360,000 in July licensing fees, representing about 35% of ArbitrumDAO’s income for that month.
• Arbitrum’s tokenized real-world asset market reached $1 billion, while first-half network transactions totaled 478 million.

ARB price traded near $0.136 on September 3 after gaining more than 50% over seven days. The token rose roughly 23% within 24 hours, placing Arbitrum among the week’s strongest performers.

The rally followed the Arbitrum Foundation’s first-half progress update. ArbitrumDAO recorded $6.19 million in income during the first six months of 2026. Separate July figures showed Robinhood Chain adding a new licensing stream after its mainnet launch.

Trading activity accelerated sharply with the move. Daily volume topped $500 million, around nine times the previous week’s daily average. Futures open interest climbed 35%, showing increased leveraged exposure alongside spot demand.

ARB Price Gains Support From Expanding DAO Revenue

The first-half update gives investors a clearer view of ArbitrumDAO’s finances. Its $6.19 million income came from four revenue lines carrying a combined gross margin above 97%. The figures show that network activity and commercial agreements can generate income beyond token market movements.

Robinhood Chain became an additional contributor after launching its mainnet in July. The network uses Arbitrum technology through an expansion program. Participating chains return 10% of net protocol revenue to the Arbitrum ecosystem under that arrangement.

Robinhood Chain generated $360,000 in licensing fees during July, its first mainnet month. That payment represented about 35% of the DAO’s income for the month. The Foundation said July income alone put third-quarter revenue on course to exceed second-quarter revenue by more than 40%.

The deployment also recorded much heavier activity than Arbitrum One during one cited 24-hour window. Robinhood Chain processed $1.43 billion in decentralized exchange volume and generated $3.75 million in fees. Arbitrum One recorded $193 million in volume and about $14,700 in fees during the same period.

ARB price rose while those commercial figures attracted wider market attention. The move also came with a sharp increase in turnover. Higher open interest shows traders added futures positions, although it also raises the market’s exposure to liquidations during sudden reversals.

Arbitrum RWA Growth Strengthens Its Tokenization Position

Arbitrum’s tokenized real-world asset market reached $1 billion, expanding the network’s role in blockchain-based finance. The ecosystem ended the half with more than 2,000 deployed RWA assets, ranking first by asset count. Ethereum continued to lead the sector by total value locked.

Tokenized assets use blockchain rails to represent instruments such as funds, bonds, and equities. Their deployment can expand settlement options while connecting traditional products with decentralized infrastructure services.

Broader network usage also expanded during the period. Arbitrum processed 478 million transactions in the first half, lifting lifetime transactions above 2.7 billion. Average monthly stablecoin transfer volume surpassed $70 billion, another measure of settlement activity across the ecosystem.

These network measures provide fundamental context for the ARB price recovery. They do not guarantee that fee income will create direct token demand. Traders still need to assess whether activity, DAO revenue, and ecosystem adoption translate into sustained buying pressure.

Crypto analyst Crypto Patel says ARB had recovered from an earlier entry zone. The analyst identified possible levels at $0.49, $1.20, $2.42, and above $5. Those figures represent an individual forecast rather than confirmed targets.

The near-term ARB price structure depends on buyers holding the recent advance after a fast weekly move. Profit-taking could increase after the 50% gain, especially with futures exposure growing. Continued volume would help show whether demand can absorb sales without erasing the breakout.

ARB price also remains more than 95% below its 2024 all-time high. That distance gives the $5 projection important context, since reaching it would require a substantial revaluation. At the reporting time, ARB traded near $0.136 with circulating supply around 6.68 billion tokens.

The post ARB Price Soars More Than 50% as Arbitrum DAO Income Hits $6.19M appeared first on Blockonomi.

TLDR:

• Bitcoin price trades above the 50-week moving average near $81,041, placing the weekly close at the center of the technical outlook.
• A weekly close above $82,814 would create the first higher high of the decline and challenge the established bearish market structure.
• Bitcoin futures volume reached roughly $84.74 billion, while open interest climbed to about $57.86 billion during the price advance.
• BTC liquidations totaled approximately $229.56 million, including $214.81 million in shorts and only $14.74 million in longs.

Bitcoin price trades above its closely watched 50-week moving average after a strong daily advance. BTC reached $81,797 before easing toward $81,400, leaving traders focused on the weekly close. The move places the $82,000 to $83,000 resistance zone within immediate reach. Scott Melker identifies $82,814 as the decisive level for the weekly structure.

A close above that price would create Bitcoin’s first higher high since the decline began. It would also confirm strength above the long-term average. Bitcoin price therefore sits near a technical threshold that could challenge the sequence of lower highs and lower lows. That close now matters.

Bitcoin Price Firmly Retakes the 50-Week Moving Average

Market analyst Ted Pillows has highlighted  the 50-week moving average near $81,041. Bitcoin spent much of the past year below this indicator, turning it into a ceiling during the decline. The latest move carried BTC firmly through that area on the daily chart. The weekly settlement will determine whether buyers can hold the recovery.

An earlier breakout attempt failed near the same level. Bitcoin reached $81,265 on August 25, while the average stood near $81,085. Sellers rejected that advance before a confirmed weekly break developed. The current candle shows stronger momentum, but price still needs to hold through the close.

Bitcoin price also approaches $82,814, which Melker views as the structural trigger. Clearing that mark would produce the first higher high after months of declining peaks. That change would invalidate a central feature of the bearish trend. It would also place BTC above the nearby resistance band between $82,000 and $83,000.

The 50-week moving average carries added weight because it has capped Bitcoin during previous bear markets. Weekly closes often stayed below it until those downtrends approached their final stages. A sustained recovery would not guarantee further gains, but it would alter the market structure monitored by technical traders. Momentum depends on buyers defending the reclaimed average through the final weekly settlement.

Bitcoin price has also lifted the wider cryptocurrency market. BTC traded above $81,800 during the advance and gained nearly 6%. Ethereum, BNB, and Cardano recorded gains during the same market move. Their performance shows that buying extended beyond Bitcoin during the session.

Derivatives Activity Builds Near the $82,814 Resistance

CoinGlass reports roughly $84.74 billion in Bitcoin futures volume over 24 hours. Open interest rose to about $57.86 billion, showing that leveraged exposure increased alongside price. This positioning can strengthen short-term moves when forced closures accelerate market orders. It can also magnify volatility when prices reverse.

Liquidations reached approximately $229.56 million across Bitcoin positions during the same period. Short positions accounted for $214.81 million, compared with only $14.74 million in long liquidations. The imbalance shows that bearish traders absorbed most of the forced losses during the rally.

Bitcoin price benefited from that short-covering pressure while crossing the 50-week moving average. Traders closing bearish positions must buy back exposure, adding demand during an advance. Still, rising open interest means substantial leverage continues to sit in the futures market.

The next test centers on the $82,000 to $83,000 band and the exact $82,814 resistance marker. A weekly close above both levels would confirm a higher high and strengthen the breakout signal. Failure to hold the long-term average would leave the August rejection relevant for traders.

Bitcoin price is now trading between confirmed support from the reclaimed average and resistance near the recent threshold. Market participants will watch whether spot buying can sustain the move after the liquidation surge.

Futures positioning will also show whether new exposure follows the breakout or leverage begins to unwind. CoinGlass figures place short liquidations at more than fourteen times long liquidations during the measured 24-hour period. Weekly settlement will show whether buyers convert resistance into support.

The post Bitcoin Price Targets $82,814 After 50-Week Average Breakout appeared first on Blockonomi.

TLDR:

• Securitize and Dubai’s VARA signed an MoU to advance regulated tokenization market efforts.
• The partnership will give licensed market participants access to Securitize’s global expertise.
• Collaboration will focus on ecosystem growth, talent attraction, and financial market education.
• Executives said regulatory clarity will shape where tokenized capital markets will take root.

Securitize has signed a Memorandum of Understanding with Dubai’s Virtual Assets Regulatory Authority to advance regulated tokenization across the emirate.

The agreement, announced on September 3, 2026, aims to strengthen digital asset infrastructure and support Dubai’s ambition to lead global tokenized financial markets.

Under the MoU, both parties will share expertise, encourage institutional participation, and promote research and talent development within Dubai’s regulatory framework. The partnership signals growing regulatory engagement with tokenization worldwide.

Securitize and VARA Outline Collaboration Framework

The MoU sets up a structure for ongoing cooperation between Securitize and VARA. Both organizations plan to work together on knowledge sharing and ecosystem development within Dubai’s virtual asset sector.

Licensed market participants operating under VARA’s oversight will gain access to Securitize’s global tokenization experience.

Securitize confirmed the announcement through a post on its official X account. The company described the agreement as a step toward advancing tokenization and digital asset infrastructure throughout Dubai. It also noted the deal supports Dubai’s goal of becoming a leading jurisdiction for regulated tokenized markets.

A follow-up post outlined additional areas of focus under the partnership. These include exploring tokenization initiatives, supporting talent attraction, and encouraging market education across Dubai’s ecosystem. Data-driven research and the development of new tokenized financial products were also listed as shared priorities.

According to the companies, projects may be initiated or facilitated directly by VARA. The collaboration is designed to operate within Dubai’s existing regulatory framework rather than outside it. This structure is intended to maintain market integrity while allowing innovation to continue.

Executives Comment on Dubai’s Regulatory Vision

Carlos Domingo, Co-Founder and CEO of Securitize, addressed the partnership in a public statement. He said Dubai “has established itself as one of the world’s most forward-looking jurisdictions” for digital asset innovation.

Domingo added that collaboration between regulators and industry is becoming increasingly important as tokenization advances.

Domingo also spoke about Securitize’s role in the broader shift toward onchain capital markets. He said the company is “proud to support VARA’s vision” of a trusted, well-regulated digital asset ecosystem. His comments tied the partnership directly to Securitize’s ongoing institutional tokenization efforts.

Matthew White, CEO of VARA, also commented on the agreement’s purpose. He said Dubai’s ambition is that financial markets be shaped “not only by new technologies” but by supportive regulatory frameworks. White noted this approach gives institutions confidence to adopt emerging digital asset tools.

White further described the Securitize partnership as reinforcing Dubai’s broader market position. He said the collaboration supports development of regulated tokenized markets within the emirate. White framed the agreement as strengthening Dubai’s standing as a global capital markets center.

The post Securitize Signs MoU with Dubai’s VARA to Advance Regulated Tokenization appeared first on Blockonomi.

TLDR:

• Coinbase filed SEC notices this week covering its derivatives exchange and brokerage business.
• The notice registrations create a regulatory pathway involving both the SEC and CFTC together.
• Coinbase already offers single-stock perpetuals abroad on stocks like Apple, Tesla, and Nvidia.
• Trading dates, leverage limits, and supported stocks for the U.S. remain undisclosed for now.

Coinbase is moving to bring single-stock perpetuals to the United States, filing SEC notice registrations this week. The filings cover its derivatives exchange and its brokerage unit.

The move marks an early step toward offering leveraged exposure to individual stocks. Traders would gain that exposure without owning the underlying shares.

Coinbase said it intends to work closely with the SEC and the CFTC. The goal is to bring more financial products onshore.

Coinbase Files Notice Registrations With The SEC

Coinbase Derivatives filed Form 1-N with the SEC to cover its exchange operations. Coinbase Financial Markets separately filed Form BD-N for its brokerage business.

Together, the two filings create a regulatory pathway involving both the SEC and CFTC. The company describes this coordination as an important step for competitiveness in digital asset markets.

In a public statement, Coinbase said it is working to bring single-stock perpetuals to the U.S. The company said it filed SEC-notice registrations this week for its derivatives exchange and broker.

It added that it will be “collaborating closely with the SEC and CFTC” to bring more major financial products onshore.

Faryar Shirzad, Coinbase’s chief policy officer, called the filing the first step toward offering equity perpetuals domestically. He said single-stock perpetuals have already shown strong demand in international markets.

Shirzad added that Coinbase is “excited at the prospect of a regulated pathway for U.S. investors.” He said the next milestone involves product approval from the CFTC.

The filings establish a framework but do not guarantee an immediate product launch. Coinbase has not released trading start dates or contract specifications.

Leverage limits and the list of supported stocks also remain undisclosed at this stage. Traders and market watchers will likely wait for further guidance before the product becomes available.

International Perpetuals Offer Early Clues

Coinbase already offers single-stock perpetuals to eligible customers outside the United States. Its current lineup includes shares of Apple, Microsoft, Alphabet, and Amazon. Nvidia, Meta, and Tesla are also part of the existing international offering.

These overseas contracts allow continuous trading without a fixed expiration date. They use funding mechanisms common to perpetual futures products in crypto markets. Traders gain price exposure to the underlying stock rather than shareholder rights such as voting or dividends.

The structure mirrors how crypto perpetual swaps already operate on many exchanges. Applying that model to individual equities could appeal to traders seeking leveraged stock exposure. Regulatory approval in the U.S. would extend this format beyond digital assets alone.

Coinbase framed the coordination between the SEC and CFTC as necessary for the U.S. to remain competitive. The company said investors already want access to these products.

Whether approval arrives quickly may depend on how regulators respond to the joint filings. For now, U.S. traders will continue to watch the process unfold.

The post Coinbase Files SEC Notices to Launch Single-Stock Perpetuals in the U.S appeared first on Blockonomi.

TLDR:

• Bitcoin-gold correlation hits its highest level since 2020, per Bitwise Asset Management data. 
• Bitcoin surged 22.4% weekly after Treasury Secretary Bessent’s bond market intervention in August. 
• Bitcoin’s correlation with the Nasdaq-100 dropped to a one-year low, weakening its risk-asset label. 
• Gold’s $30 trillion market could reprice bitcoin if the correlation trend with debasement hedging holds. 

Bitcoin’s correlation with gold just hit a six-year high, according to new research from Bitwise Asset Management. The 90-day rolling correlation between the two assets has climbed to its strongest level since 2020, when pandemic-era stimulus reshaped global markets.

Bitwise says the shift signals a change in how investors view bitcoin, moving it closer to gold’s traditional role as a store of value during periods of macro stress.

Bitcoin’s Correlation With Gold Reaches Six-Year Peak

Bitwise tracked the relationship using Bloomberg data spanning from April 2015 through August 2026. The current reading matches levels last seen during the Covid-19 stimulus era. That earlier period also involved heavy government intervention in financial markets.

August marked a turning point for this correlation. U.S. Treasury Secretary Scott Bessent stepped into the bond market after yields on 10- and 30-year Treasuries climbed. The move stirred concerns about financial repression and yield curve control.

Bitcoin posted its largest weekly gain since March 2024 following the intervention, rising 22.4%. Gold gained roughly 5% over the same period while equities fell. Bitwise says both assets moved together in a way that stood out statistically.

What’s Driving the Bitcoin-Gold Relationship

Bitwise’s official account shared the findings, noting that when macro conditions dominate headlines, investors tend to stop choosing between gold and bitcoin. Instead, many allocators are buying both assets at once.

The firm’s Europe research director, André Dragosch, authored the analysis. He pointed to bitcoin’s declining correlation with the Nasdaq-100, which has dropped to a one-year low. That trend weakens the argument that bitcoin simply tracks tech stock sentiment.

Bitcoin also remains negatively correlated with the U.S. Dollar Index. Bitwise explains that dollar weakness tends to align with bitcoin strength, a pattern gold has exhibited for decades during currency pressure.

Why the Six-Year High Matters for Investors

Bitwise cautions that bitcoin and gold remain different assets despite the recent convergence. Gold has served as a store of value for thousands of years, while bitcoin was created less than two decades ago.

Still, the firm argues that rising correlation during stressful macro periods carries weight. Gold’s market is valued near $30 trillion, built by central banks and institutional allocators over generations.

If bitcoin continues moving toward this category, Bitwise suggests it could eventually be priced against a much larger capital base. That would mark a shift from its historical pricing as a venture-style risk asset toward something closer to a macro hedge.

The post Bitcoin’s Correlation with Gold Hits Six-Year High Amid Macro Uncertainty appeared first on Blockonomi.