BTC's correlation with gold is near historic highs, but recent price action has diverged noticeably

Odaily reports that according to MSX.COM data, at the U.S. stock market open, Corning rose 2.8%, with AT&T signing a multi-year fiber supply agreement with Corning valued at over $3 billion. The storage sector rose collectively, with Micron Technology up 2%, SanDisk up 1.8%, Western Digital up 2.2%, and SK Hynix up 1.7%.

Odaily reports: Veteran trader Peter Brandt says Bitcoin has likely bottomed out for this cycle and entered a new bull market. He has raised his cycle top forecast from the previous $250,000 to $300,000 to $300,000 to $600,000 by late 2029, adding that hitting $500,000 is "very likely."However, Peter Brandt warns that Bitcoin could pull back to $65,000 to $66,000 in early October to flush out momentum chasers. Brandt is also skeptical of XRP's investment value, calling it a "fool coin," and said that XRP having payment use cases and Ripple having banking partners does not necessarily mean its value will rise. (Cointelegraph)

Odaily News: According to MSX.COM data, at the U.S. stock market open, the Dow Jones Industrial Average fell 0.09%, the S&P 500 rose 0.08%, the Nasdaq rose 0.26%, and the VIX fear index fell 1.56%. AI-related stocks rose broadly, with Marvell up 2.68%, KLA up 2.53%, Broadcom up 2.52%, Teradyne up 2.33%, and Arm up 2.28%.It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token assets such as NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily reports that according to OKX market data, PUMP has broken through 0.0058 USDT, currently trading at 0.005805 USDT, with a 24H gain of 9.57%.

Odaily reports that according to Lookonchain monitoring, a whale withdrew 7,500 ETH worth $20.5 million from Binance in the past 30 minutes.

Odaily reports that DeFi researcher Ignas posted on X platform stating that he originally worried tokenomics innovation had stagnated, but that is not the case. After going through a cycle of low-float, high-FDV token launches, the crypto industry is once again experimenting with new token mechanisms,Ignas cited examples: ZCAT provides ZEC rewards to holders through a 3% transfer tax; BUN/Mosh uses a "Bundle Launch" to let funding supporters share trading fees but prevents them from withdrawing LP; STONK uses fee revenue for market-cap-weighted buybacks and burns of the top 15 compliant tokens; VVV/DIEM allows users to stake VVV to mint DIEM, then stake DIEM to obtain daily AI credits; ORBIO converts trading fees into AI credits for stakers; and BP requires staking for at least 1 year to qualify for future IPO equity conversion, with token supply unlocks determined by project growth milestones.Ignas believes the common thread among these projects is the attempt to make tokens no longer just fundraising tools, but assets with real value. However, he pointed out that many of these mechanisms still rely on speculators continuing to trade, and "speculation" still dominates the crypto market.