Data: The current total holdings of SOL treasury entities have exceeded 10 million, accounting for about 1.79% of the total supply | Binance Morning Post (September 13)

● Data: The current total holdings of SOL treasury entities have exceeded 10 million pieces, accounting for about 1.79% of the total supply. According to Shenchao TechFlow, on September 12, Strategic SOL Reserve data showed that 14 entities have established SOL treasury reserves, with a total holding of 10.267 million pieces, worth US$2.39 billion, accounting for 1.79% of SOL's current total supply. The top three treasury entities in the holdings are: Sharps Technology, inc. holds 2.14 million SOLs, worth approximately US$509.3 million; DeFi Development Corp holds 2.028 million SOLs, worth approximately US$482.6 million; Upexi, Inc. holds 2 million SOLs, worth approximately US$476 million. ● BNB broke through 920 USDT, continuing to hit a record high According to Binance market data, BNB rose through 920 USDT, hitting a record high of 928.27 USDT. ● The initial value of the US September one-year inflation rate expected is 4.8%. According to ChainCatcher, the initial value of the US September one-year inflation rate expected is 4.8%, higher than the market expectations of 4.7%, and the same as the previous value of 4.8%. ● Institutions: Driven by U.S. interest rates, gold prices are expected to rise for the fourth consecutive week. According to Jinshi data, gold prices rose on Friday and are expected to close for the fourth consecutive week, as doubts about weak U.S. labor markets overshadowed inflation concerns. The market generally expects the Federal Reserve to cut interest rates next week. Spot gold has risen about 1.8% so far this week. OANDA senior market analyst Kelvin Wong said the market believes that the possibility of at least three interest rate cuts before the end of 2025 is high, which will help gold prices. Ryan McIntyre, managing partner of Sprott Inc., said that gold prices are not far from $3,700, and there is resistance in the short term around $3,900, but in the long run, most institutions may still be under-equipped gold. ● The market value of the RWA sector hit a record high of US$76 billion, with the on-chain asset size exceeding US$29 billion. According to ChainCatcher, the overall RWA sector tokens have risen by 11% in the past week, with market value increasing from US$67 billion to an all-time high of US$76 billion. RWA projects include Chainlink, Avalanche, and Ondo Finance. Ondo Finance rose 9% in a single day. The total scale of on-chain tokenized assets exceeded US$29 billion for the first time, nearly doubled since the beginning of the year, with more than half of them being tokenized private credit and about a quarter of them being tokenized US debt. The total on-chain assets reached US$307 billion, and more than three-quarters were deployed on Ethereum and its L2 network. The U.S. government promotes tokenization to accelerate market modernization, BlackRock Research has launched a $2.2 billion tokenized money market fund BUIDL on Ethereum. ● TD Securities: Fed rate cuts may boost the dollar but remain bearish for a long time According to ChainCatcher, TD Securities strategists said the dollar should rise if the Fed cuts interest rates by 25 basis points next week but is cautious about further rate cuts. Strategists pointed out that markets expect continuous rate cuts, but the Fed may curb these expectations, highlighting potential inflation risks. Powell may signal that the Fed is not on the road to a predetermined rate cut and will continue to monitor upcoming data to assess risks. This will boost the dollar, but in the long run, the dollar will still fall and any rebound is a good opportunity to sell. ● Matrixport: Bitcoin’s summer consolidation may end and a new round of market is expected to start. According to Shenchao TechFlow, on September 12, Matrix on Target’s latest weekly report showed that after Bitcoin experienced the longest summer consolidation period, the market may usher in a new market. The report pointed out that traditional wallets continued to sell, but exchange balances fell and large positions have restarted buying. The options market shows that there is a strong demand for downward protection, and the overall sentiment is inclined to panic. Analysts believe that market volatility may heat up under the influence of Fed meetings, inflation data and fiscal risks, and the key lies in whether mainstream positions can adapt to Bitcoin's next round of trends.