The reason isn’t better political prediction markets, but rather the distribution: Robinhood, Coinbase, Webull, and Moomoo offer Kalshi contracts, and what they promote in the “non-sports” category is mostly BTC, ETH, and S&P markets with hourly settlement. An hourly-period contract is opened and settled within up to 60 minutes; so the same capital generates new volume every hour, whereas a Fed decision with an outcome in November accounts for just one entry.
So the value of US$ 10 billion is real, but it looks more like short-term crypto-asset derivatives wearing a different outfit than a wave of people betting on elections. Follow *open interest* (open contracts) and long-term markets to see how much of this momentum will hold.
PAX Gold and Tether Gold are side by side in holder accounts, with 86.041 versus 78.189.
Over the last 30 days, PAX Gold grew 1.8% and Tether Gold 22.5%.
Dune tags each product with its instrument type, allowing you to compare a product with its real peers in terms of number of holders, growth, trading in the secondary market, and use as collateral in DeFi—not just by size.
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Trading Volume in Prediction Markets (Excluding Sports)
Trading volume in prediction markets not related to sports reached US$ 10 billion in the week ending September 13—up from US$ 2,7 billion reported on August 2, nearly quadrupling over six weeks and marking the sixth consecutive record. While sports still account for the largest share of the total, this is the segment that should represent the "real" use case: politics, macroeconomics, and cryptocurrencies.
The key detail is who is generating this volume. Kalshi accounted for US$ 9,6 billion of the total US$ 10 billion—96% of the category—an important reversal from June, when the competition was evenly matched, and from a year ago when Polymarket led the way.
Decentralized applications (dApps) on the Solana network delivered impressive performance on September 11, reaching nearly US$ 8 million in daily revenue. This financial volume represents the highest level observed since October 2025, demonstrating a significant rebound in activity and confidence in the ecosystem.
The detailed chart shows that Stonkfun led the ranking with more than US$ 2.4 million, followed closely by Pump, which generated over US$ 1 million. Other projects such as Fomo, Axiom, and Collector Crypt also contributed strongly to this revenue peak, reinforcing Solana as one of the most active networks in the market.
This surge in daily revenue indicates that users are returning in force to DeFi and blockchain gaming platforms. The landscape suggests a period of high liquidity and renewed interest, factors that historically drive the native network asset’s valuation. 📈🚀
Regulatory Tension: 18 U.S. States Unite Against the Clarity Act
New York Attorney General Letitia James leads a coalition of 18 states in an official letter to the U.S. Senate, urging the preservation of state powers to combat financial scams. The document warns that the Clarity Act bill (H.R. 3633) would undermine state registration rules and strip local jurisdictions of the ability to prosecute fraudsters, weakening investor protection.
The signatories argue that, with the epidemic rise of online scams, it is crucial for states to retain their legal tools to take action against predatory schemes. The letter reaffirms strong opposition to any federal statutory change that would shift authority away from states over securities and commodities markets, viewing the enforcement of local laws as an essential complement to federal authority.
Bitcoin's long-term chart shows the asset trading within a well-defined rising channel, with the current price marking around $76,849. Technical analysis highlights that the $BTC is nearing the upper band (shown in purple), a region that historically acts as strong resistance and a trend-reversal point.
Momentum indicators in the lower panel suggest the market is in a consolidation phase following the recent peak. The cyclical pattern observed over the years indicates that when the asset touches the upper zone of the channel, it tends to make price corrections before seeking new highs.
Investors should closely watch the reaction of the #bitcoin as it tests the $900,000 range. A confirmed breakout above this level may signal a new expansion phase, while a rejection in this area could start a period of sideways movement or correction. 📈🔍
The aggressive #MichaelSaylorBTC strategy with MicroStrategy ($MSTR ) reached a historic milestone, lifting the company’s market capitalization to a level higher than that of the Nasdaq itself. This feat illustrates the leverage power that Bitcoin has been providing to traditional assets tied to it.
The move reinforces the thesis that institutional adoption and the accumulation of $BTC are reshaping global financial hierarchies. $MSTR is no longer seen only as a software company, but as one of the main vehicles for exposure to the digital asset in the stock market.
🏛️ 1. Market Overview & Prices • Bitcoin ($BTC ) signals a shift in the cycle with the crossing of the 50- and 200-day moving averages on the daily chart. Although it faces critical resistance at the 50-week moving average, the Polymarket options market already indicates a 65% probability that the asset will reach $80k in September. • Ethereum ($ETH ) and the total altcoin market monitor support levels at $2,350 and $188 billion, respectively, to sustain the upward momentum.
The altcoin market presents a mixed scenario, with emphasis on the strong performance of $BTW , which leads the gains with a 10.4% increase. The memecoin and trend-token sector is also heating up, driven by PUMP (+7.8%) and the classic $PEPE (+4.4%), indicating appetite for risk and short-term speculation.
On the other hand, higher-capitalization assets face resistance. MNT slips 4.5%, while giants like ETHFI (-3.3%) and JUP (-2.5%) trade lower. Volatility also affects DOT and MORPHO, which record drops of nearly 3%, suggesting a rotation of capital toward smaller assets.
In the medium term, CRO remains resilient with a 4.2% gain, alongside RAIN (+3.9%) and PI (+3.2%). The move suggests that investors are looking for opportunities in specific projects, while avoiding positions in tokens that are trending downward. 📉📈 #trading #altcoins
🏛️ 1. Market & Price Panorama • The global market of #criptomoedas reached $2.62 trillion, with a monthly growth of 21.48%. Bitcoin ($BTC ) signals a trend reversal with the formation of a "Golden Cross", similar to the move seen in 2023. • Ethereum ($ETH) ETFs recorded record daily inflows of $216 million, confirming strong institutional interest. • We identified high-flag technical formations in selected assets, projecting continued buyer momentum and specific profit targets.
Financial markets are reacting cautiously to a drastic shift in expectations regarding #FederalReserve . Fed funds futures data indicate that investors are now pricing in a 69.7% chance of a 25-basis-point rate increase as early as September.
This projection suggests a possible turning point in monetary policy for #eua , with the market anticipating an implied rate of 3.804% for the next cycle. The chart shows an upward trend in interest rates over the 2026 and 2027 horizon, breaking away from the narrative of cuts that has dominated the recent outlook.
For the crypto-asset market, this higher-rate outlook could lead to volatility and near-term selling pressure, since risk assets tend to suffer when the cost of money rises. Keep an eye on the upcoming inflation data to confirm whether this pricing will play out. 📉🇺🇸
Long-term investors who bought Bitcoin between 6 months and 1 year ago returned to taking profits, reaching 7.8% of the total. This group, which purchased near the bottom of the prior market, is historically the first to exit in the green when the market cycle reverses.
This pattern of returning to profits after long periods of inactivity has already been seen in 2015, 2019, and 2023. On every previous occasion, this move coincided with the start of a significant recovery in the bull cycle.
The analysis suggests that the current behavior may indicate the beginning of a new appreciation phase, although the outlook still calls for caution. The chart clearly shows the correlation between the actions of these holders and the asset’s historical trends. 📈🔥