Analyst: Bitcoin Risk Index is currently at a low level, indicating a low probability of a sharp decline

September 16th. As per an official announcement, Binance has declared that starting from 16:01 on September 18, 2025 (UTC+8), the funding rate calculation formula for Binance Futures will be updated in the following manner: The Funding Rate (F) = [Premium Index (P) + clamp (Interest Rate - Premium Index (P), 0.05%, -0.05%)] / (8/N), where N represents the funding rate settlement frequency. Moreover, starting from 16:01 on September 18, 2025 (UTC+8), Binance Futures will adjust the mark price by modifying the price every 2 basis from 1 minute to 30 seconds. The specific adjustments are as follows: 1. After the adjustment, for USDT-Margined and Coin-Margined Perpetual Futures: The Mark Price = Median(Price 1, Price 2, Contract Price). Price 2 = Price Index + Moving Average (based on 30 seconds). The Moving Average (based on 30 seconds) is the average of 30 data points within 30 seconds. Data points are calculated every second by taking the average of the buy price and sell price and th

September 16th. According to Ave.ai's monitoring, on the X Layer platform's Meme section, which still remained active with the support of OKX traffic, the top five had a total market capitalization exceeding $101 million. They are as follows: DOGSHIT: With a market capitalization of approximately $37.914 million; a current price of $0.00061; and a 24-hour trading volume of approximately $1.299 million. XDOG: Having a market capitalization of approximately $36.438 million; a current price of $0.036; and a 24-hour trading volume of approximately $6.2 million. XMP: With a market capitalization of approximately $10.324 million; a current price of $0.10; and a 24-hour trading volume of approximately $6.379 million. OKI: Having a market capitalization of approximately $9.511 million; a current price of $0.45; and a 24-hour trading volume of approximately $6.358 million. XLCAT: With a market capitalization of approximately $7.302 million; a current price of $0.007; and a 24-hour trading volum

September 16th. According to official channels, the BonkFun USD1 Liquidity Incentive Program, which was jointly launched by WLFI and BONK, has become active. As the largest USD1 pool in BonkFun and the first USD1 trading pair on the ICM protocol, the Freya Protocol has declared a 100% buyback-matching incentive system for the revenue of the USD1 trading pair, aiming to facilitate the adoption of USD1 and the growth of the ecosystem.

September 16th. Based on the monitoring of HyperInsight, a whale starting with the address 0x7fd decreased its PUMP short position at 16:00 today. The whale cut its position by approximately $1.0012 million. Currently, the unrealized loss is about $19.4476 million, and the liquidation price is around $0.015. The monitoring data indicates that this address has been actively taking short positions with 5-20 times leverage across multiple assets, and the total position value exceeds $377 million. The accumulated loss in the past month has exceeded $26.84 million. The major positions include PUMP, SOL, and FARTCOIN.

On September 16th, as monitored by LookOnChain, a whale purchased and staked 2 million HYPE tokens 9 months ago at an average price of $8.68 (spending $17.4 million at that time, and now it is worth $107.2 million). Now, it has unstaked, likely preparing to cash out and take profits. 9 months ago, the whale deposited $17.4 million USDC into Hyperliquid through 3 wallets, bought 2 million HYPE tokens, and then transferred them to 9 wallets for staking. They submitted an unstaking request 7 days ago and received the tokens 21 hours ago. After holding for 9 months, they are currently enjoying an unrealized gain of $89.8 million.

On September 16th, as per CoinDesk, the subsidiary of Deutsche B?rse Group, Crypto Finance, has launched the AnchorNote system. The aim is to provide support to institutional clients who desire to trade digital assets in a regulated custody environment without having to move the assets out of custody accounts. The system integrates BridgePort, which is a network connecting cryptocurrency exchanges and custodians. This enables off-exchange settlements and interoperability with multiple trading venues. AnchorNote allows for real-time asset mobility while still maintaining asset custody, thereby enhancing capital efficiency and reducing counterparty risk. This service enables clients to open dedicated trading channels. BridgePort is responsible for handling intervenue message passing, and Crypto Finance acts as the collateral custodian. Institutional clients can manage collateral through a dashboard or integrate the service directly into their existing infrastructure via an API. An API