Notes

A news scan found the data line: symbol SOL, supply USDC_USDT, period holdout, n 248, corr_future 0.24231072016528576, corr_past 0.3212925726449041, beta 3.5180412097723686, p 0.16378912509449273, ci_lo -1.433865415005653, ci_hi 8.46994783455039, R2 0.06097264133797409. This data is from a training model that ignores the last 7 days of data, and the holdout period is from January 1 to September 5, with outcomes through September 12. The model uses a current-vintage proxy, meaning it uses the most recent available data, and does not have a publication archive or causal identification, which is a statistical method to determine cause and effect. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol SOL, supply USDC_USDT, period train, n 479, corr_future -0.08791560995518553, corr_past 0.21346555027260244, beta -0.9402788742104095, p 0.4124911692371632, ci_lo -3.189056383090606, ci_hi 1.3084986346697867, R2 0.011704665478711851. Training purges the last 7 days of data, and the holdout period is from January 1 to September 5, with outcomes through September 12. This is a current-vintage proxy, meaning it uses the most recent data available, with no publication archive or causal identification, which is a statistical method to determine cause and effect. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: {"symbol":"SOL","supply":"USDC","period":"holdout","n":248,"corr_future":0.2724551287738069,"corr_past":0.24848091809533443,"beta":1.4255104876403193,"p":0.12347941706657495,"ci_lo":-0.38835106255528196,"ci_hi":3.2393720378359205,"R2":0.07740393523602906}. This is a data output, specifically a JSON object, that appears to be related to a statistical analysis of the SOL/USD market, where supply is measured in USDC, a type of digital currency. The analysis covers a holdout period from January 1 to September 5, with outcomes observed through September 12. The data was trained on a set that excludes the final 7 days. The analysis uses a current-vintage proxy, meaning it uses the most recent available data, and does not include a publication archive or causal identification, which refers to the process of determining cause-and-effect relationships. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: {"symbol":"SOL","supply":"USDC","period":"train","n":479,"corr_future":-0.1015479569416903,"corr_past":0.20451185379322837,"beta":-0.5044603083563741,"p":0.2791122273551556,"ci_lo":-1.417986688865422,"ci_hi":0.40906607215267365,"R2":0.014456988764393275}. This is a data output. Training purges the final 7 days; the holdout period is from January 1 to September 5, with outcomes through September 12. The data uses a current-vintage proxy, with no publication archive or causal identification. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol is ETH, supply is USDC_USDT, period is holdout, n is 248, corr_future is 0.22647973585167205, corr_past is 0.3973467622406515, beta is 3.3427147809722557, p is 0.22923534380461796, ci_lo is -2.106367913485606, ci_hi is 8.791797475430117, R2 is 0.051320881773904925. Training purges the final 7 days, and the holdout is from January 1 to September 5, with outcomes through September 12. This is a current-vintage proxy, meaning it uses the most recent data available, with no publication archive or causal identification, which is a statistical method to determine cause and effect. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the following data: a training model for ETH/USD, also known as Ethereum to US Dollar, was run with a focus on the relationship between Ethereum and a type of stablecoin called USDC_USDT. The model looked at 724 data points and found a weak correlation between the past and future values, with a correlation of -0.015786950258688755 for future values and 0.21795522512425444 for past values. The beta, which measures how much the value of Ethereum changes when the value of USDC_USDT changes, was -0.19052146750521365. The p-value, which is a measure of how likely it is that the results occurred by chance, was 0.8094678709486551. The confidence interval, which is a range of values within which the true value is likely to lie, was between -1.739238795317355 and 1.3581958603069277. The R-squared value, which measures how well the model fits the data, was 0.00035980356510523226. The training data excluded the last 7 days and the holdout period was from January 1 to September 5, with outcomes measured through September 12. This was a current-vintage proxy, meaning it used the most recent data available, and did not include any archived publications or attempts to identify cause-and-effect relationships. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the following data: the symbol is ETH, the supply is USDC, the period is holdout, the number of observations is 248, the correlation with future values is 0.27721960769121723, the correlation with past values is 0.3195029298934457, the beta is 1.453205749060937, the p-value is 0.1579118803949744, the lower bound of the confidence interval is -0.5637702066106516, the upper bound of the confidence interval is 3.4701817047325254, and the R-squared value is 0.07693976754133436. This data is from a training model that excludes the last 7 days of data, and the holdout period is from January 1 to September 5, with outcomes measured through September 12. The model uses a current-vintage proxy, and does not include a publication archive or causal identification. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol is ETH, supply is USDC, period is train, n is 724, corr_future is -0.04826179629361642, corr_past is 0.11004928496870682, beta is -0.22959184673351835, p is 0.43611734410135383, ci_lo is -0.8074182152592295, ci_hi is 0.3482345217921928, R2 is 0.002489153544793843. Training purges final 7 days, holdout Jan 1 to Sep 5 outcomes are through Sep 12. This is a current-vintage proxy, there is no publication archive or causal identification. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol is BTC, supply is USDC_USDT, period is holdout, n is 248, corr_future is 0.25232611452714726, corr_past is 0.4490967424960792, beta is 2.6989622258088057, p is 0.11533711510557354, ci_lo is -0.660429845379972, ci_hi is 6.058354296997583, R2 is 0.06376135885242296. Training purges the final 7 days, holdout is from January 1 to September 5, with outcomes through September 12. This is a current-vintage proxy, with no publication archive or causal identification. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol is BTC, supply is USDC_USDT, period is train, n is 724, corr_future is -0.05302740396675218, corr_past is 0.3347596012155946, beta is -0.3695896953898996, p is 0.4430846854560575, ci_lo is -1.3140323647126229, ci_hi is 0.5748529739328236, R2 is 0.002834744042537918. Training purges the final 7 days, holdout is from January 1 to September 5, with outcomes through September 12. This is a current-vintage proxy, meaning it uses the most recent data available, with no publication archive or causal identification, which refers to the process of determining cause-and-effect relationships. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol is BTC, supply is USDC, period is holdout, n is 248, corr_future is 0.25438490824679005, corr_past is 0.3105377195200329, beta is 0.9384159546319287, p is 0.14468720575883984, ci_lo is -0.3225989167910007, ci_hi is 2.1994308260548583, R2 is 0.06663822525350138. Training purges the last 7 days of data, and the holdout period is from January 1 to September 5, with outcomes through September 12. This is a current-vintage proxy, meaning it uses the most recent data available, with no publication archive or causal identification, which is a statistical method to determine cause and effect. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: symbol is BTC, supply is USDC, period is train, n is 724, correlation with future is -0.0027926577536458467, correlation with past is 0.2230648864677853, beta is -0.00008319784390666517, p is 0.9996515870887822, confidence interval low is -0.3735104164474833, confidence interval high is 0.37334402075967, and R-squared is 0.0002685429942016482. This data is from a training period that excludes the last 7 days, with outcomes from January 1 to September 5 evaluated through September 12, using a current-vintage proxy, with no publication archive or causal identification. https://stablecoins.llama.fi/stablecoin/2 ; https://stablecoins.llama.fi/stablecoin/1 ; https://runway.adityaperswal.workers.dev/data/crypto-bars

The issuer of CRCL C91304 released its primary report for August 5, which covered the quarter ending June 30. The report showed that the circulation of USDC was 73.3 billion, a 19% increase from the same time last year. The volume was 14.8 trillion, which is a 151% increase. The revenue from reserves and other sources was 701 million, a 7% increase. This includes 668 million from reserve income, a 5% increase, and 34 million from other revenue, a 41% increase. The costs for distribution, transactions, and other things were 412 million, a 1% increase. The average circulation increased by 25%, and the return on reserves decreased by 66 basis points, which is a measure of the return on investment. The adjusted EBITDA, a measure of profitability, was 143 million, an 8% increase, and the net income was 48 million. The figures of 668 million and 34 million were used in the analysis, but were not corrected to match the total of 701 million. The report also mentioned that September 16 is a scheduled date, but it is not guaranteed. The analysis used the figures from August 5 and did not assume any capture of equity or coin cash. https://www.circle.com/pressroom/circle-reports-second-quarter-2026-results

A news scan found the headline 'USDC/USD C91304 same Sep10 issuer/aggregator discrepancy'. This refers to a difference in the USDC, a type of digital currency, and its value in US dollars. On September 10, the issuer, Circle, reported a value of 74.06 billion, while an aggregator, which is a system that collects data from multiple sources, reported a value of 74545695863. This means there is a gap of 0.655814 percent between the two values. The difference cannot be explained by the fact that the values were reported on different dates alone, and other factors such as the time of day the values were reported, the scope of the data, and the definitions used are still unclear. https://www.circle.com/transparency ; https://stablecoins.llama.fi/stablecoin/2

A news scan found the headline about HYPE/USD C91304 Hyperliquid L1 USDC circulation and seven-day change. The latest data as of September 13 shows that there are 6,802,385,708.14 USD-pegged token units circulating, 6,376,511,199.41 USD-pegged token units minted, and 425,874,508.73 USD-pegged token units bridged to other platforms. The net seven-day change is -65,617,778.86 USD-pegged token units. https://stablecoins.llama.fi/stablecoin/2

A snapshot from September 13 shows the circulation and change in Solana USDC, which is a type of stablecoin, a digital currency designed to be stable, pegged to the US dollar. The latest data is from a date that corresponds to September 13. The circulating supply of USDC on Solana is 7,308,024,264.47 pegged US dollars. The total amount of USDC minted is 8,257,108,390.38 pegged US dollars. There is 948,334,952.44 pegged US dollars that have not been released. Some USDC has been bridged, or transferred, to other blockchain networks, including Allbridge and Wormhole, which are types of cross-chain bridges. The amounts bridged to other networks are as follows: on Allbridge, 3,962.40 to Celo, 6,543.28 to Fantom, 187,421.32 to Polygon, 17,693.24 to BSC, 71,967.80 to Ethereum, and 43,196.66 to Avalanche. On Wormhole, 55,885.56 to BSC, 480.62 to Avalanche, 24,646.76 to Polygon, and 224,701.28 to Ethereum. The total amount bridged is 636,498.93 pegged US dollars. The net change over seven days is 4,231,787.47 pegged US dollars. This data is from a snapshot and does not prove the buying or transferring of tokens. https://stablecoins.llama.fi/stablecoin/2

A snapshot from September 13 shows the circulation and change in Ethereum USDC. The latest data is from a date represented as 1789257600. The circulating amount of USDC pegged to the US dollar is 46,995,301,656.51. The total minted amount is 50,481,568,381.99. There is 60,830,178.75 in unreleased USDC. The amount bridged to other platforms is 884,025.79, which includes 332,571.13 on Solana, 66,811.75 on BSC, and 484,642.91 on Polygon. The net seven-day change is -394,264,609.49 USDC token units. https://stablecoins.llama.fi/stablecoin/2

A data scan found the following information about the USDT/USD currency pair, specifically the C91304 current-vintage dated supply levels and net changes: on the date corresponding to 1789257600, the supply levels were 183538325610.0384 at 0 days, 183380072603 at 7 days, and 183125703998 at 30 days. The net changes were 158253007.0383911 over 7 days and 412621612.0383911 over 30 days. This data comes from an on-chain aggregator, which means it is collected from blockchain records, and is not an audit of the issuer's cash, which means it does not verify the cash held by the organization issuing the currency. The dates listed are when the observations were made, but the exact times they were published are unknown. https://stablecoins.llama.fi/stablecoin/1

A data scan found the following information about the USDC/USD C91304 current-vintage dated supply levels and net changes: on a specific date, 1789257600, the supply levels were 74418078352.04755 at 0 days, 74721149874 at 7 days, and 72125254565 at 30 days. The net changes were -303071521.9524536 at 7 days and 2292823787.0475464 at 30 days. This data comes from an on-chain aggregator, which means it collects data from blockchain records, and is not an audit of the issuer's cash, which means it does not verify the cash held by the company that issues USDC. The dates given are when the data was observed, but the exact times when this data was published are not known. https://stablecoins.llama.fi/stablecoin/2

The issuer of USDC, a type of stablecoin, which is a digital currency tied to a traditional currency, reported the following circulation and flow numbers as of September 10. The USDC in circulation was 74.06 billion USD. In the last 7 days, 6.66 billion USD of USDC was issued and 6.91 billion USD was redeemed. In the last 30 days, 38.06 billion USD was issued and 36.04 billion USD was redeemed. In the last 365 days, 334.68 billion USD was issued and 332.88 billion USD was redeemed. These numbers were measured on September 13 at 04UTC and the units are in billions of USD. The net flows were calculated by subtracting the redeemed amounts from the issued amounts over the 7, 30, and 365-day periods. https://www.circle.com/transparency

A report from the issuer, which is the main source of information, was published on March 16, 2023, and it covers the period from Monday, March 13, through the close of US banking on March 15. During this time, 3.8 billion USDC was redeemed and 0.8 billion USDC was minted, resulting in a net decrease in supply of 3 billion USDC. The process of clearing operational backlogs and changing bank partners can affect the timing of these transactions. It is worth noting that a net redemption, which means more USDC was redeemed than minted, does not necessarily mean that there was a corresponding sale of Bitcoin, which is often referred to as BTC, a type of digital currency. https://www.circle.com/blog/march-15-update-on-usdc-operations

The fund is for crypto research only and is not eligible. The observation was made on 2026-09-13 at 02:16:04.154049+00:00. The source of the information is https://www.okx.com/api/v5/public/time with an offset of 0.0529 seconds and an uncertainty of 0.048 seconds. Additional information was obtained from https://www.okx.com/api/v5/public/funding-rate and https://www.okx.com/api/v5/public/open-interest. The data for Bitcoin, or BTC, shows a funding rate of 0.4924 and a settled rate of 0.497, with an open interest of 27492.882 coins. For Ethereum, or ETH, the funding rate is 1.0 and the settled rate is 1.0, with an open interest of 639739.331 coins. For Solana, or SOL, the funding rate is 0.3614 and the settled rate is 0.2761, with an open interest of 2746864.69 coins. The source https://www.circle.com/transparency provided information on the issuer date of September 10, 2026, and the amounts of issued and redeemed coins. The source https://www.usdc.com/ had unparsed information. The source https://stablecoins.llama.fi/stablecoin/2 provided information on the circulating value and the values on different platforms. The collection of crypto data has ended, and the definitions and cutoffs differ. The flow is not buying, and the eligible amount is 0. The change in open interest from 01:16 is 0.0474% for BTC, -0.1019% for ETH, and 0.3529% for SOL. The next review will be at 04:00 UTC, and the job has one run remaining at 03:15. list_jobs fund=crypto job248 ; https://www.okx.com/api/v5/public/open-interest

A data scan found the following primary figures for analysis: the company has 1.921601 million in cash, 2.295466 million in restricted funds, 31.386307 million in investment funds, and 7.559407 million in current liabilities. The operating cash flow for the first half of the year was -3.214413 million and sales were 0.546021 million. The cash ratio is 0.2542, which means the company has enough cash to cover about 25% of its current liabilities. The monthly burn rate is 0.535736 million, which gives the company about 3.59 months of cash-only runway. This is not a forecast of the company's future financial health, because it does not take into account the company's ability to raise more funds or collect money it is owed. Here are three key points: 1. On September 11, the stock price of FTFT increased by 40.488% to 2.88, but over the last 20 sessions, it has decreased by 11.466%, and is now below its prior high of 3.64. 2. In the company's June 30 10Q filing on August 14, it reported that it had 1.921601 million in unrestricted cash, 2.295466 million in restricted cash, 31.386307 million in investment funds, and 7.559407 million in current liabilities. The company's operating cash flow for the first half of the year was -3.214413 million and sales were 0.546021 million. 3. The latest SEC filing was on August 26, but the absence of a new filing does not mean there is no news. Some argue that the company's investment fund assets may provide funding, but the terms of these assets are not verified, and not all current assets can be considered cash. There is no verified increase in crypto earnings or price edge, so a large move in the stock price is not considered a catalyst. The equity balance is 44.427616 million, but this is not assumed to be the company's liquid net asset value, and would require an audit to verify. The source of this information is the SEC website and a stock data website. https://www.sec.gov/Archives/edgar/data/1066923/000121390026090012/ea0301500-10q_future.htm ; https://runway.adityaperswal.workers.dev/data/stock-bars

The primary figures for analysis of BMNR C91302 are as follows: the Ethereum, or ETH, amount is 5,929,198, the weekly buy amount is 28,086, the staked amount is 5,067,309, the supply is 122,000,000, the share percentage is 4.859998%, the target gap is 170,802, the constant pace weeks is 6.081393, the yield percentage is 2.61%, the advisory net yield percentage is 2.57085%, and the annual fee in millions of USD is 4.95. A news scan found the headline of an issuer release on September 8, which reported 5,929,198 ETH, a weekly purchase of 28,086, and 5,067,309 staked. The issuer's denominator of 122 million ETH implies an ownership of 4.8600% and a gap of 170,802 to reach 5%, not 70,802 to reach 6 million. The constant purchase pace implies 6.08 weeks, excluding rewards and supply changes, and is not a forecast deadline. The 7-day annualized yield is 2.61% and the 330 million USD annualized staking projection is not cash received. On September 8, a filed 8K reported a new American Validator advisory fee of 1.5% of rewards, effective September 4, which reduces the yield to 2.57085% and implies an annual cost of 4.95 million USD on a 330 million USD projection, before other costs. The termination signed on September 3 preserves accrued obligations and does not include a material termination penalty. The actual issuer buying supports demand, but one buyer in an old period cannot determine the price of future flow. A counterargument is that staking can compound without new spot purchases, and ownership share and dollar NAV can grow without market buying. BMNR is 25.03, below the prior high of 26.91, and ETH has no fresh entry. There is no order, and new purchases and rewards will be monitored separately. The sources of this information are https://www.sec.gov/Archives/edgar/data/1829311/000149315226041713/ex99-1.htm, https://www.sec.gov/Archives/edgar/data/1829311/000149315226041713/form8-k.htm, and https://www.sec.gov/Archives/edgar/data/1829311/000149315226041713/ex10-1.htm. https://www.sec.gov/Archives/edgar/data/1829311/000149315226041713/ex99-1.htm ; https://www.sec.gov/Archives/edgar/data/1829311/000149315226041713/form8-k.htm ; https://www.sec.gov/Archives/edgar/data/1829311/000149315226041713/ex10-1.htm

A news scan found the following data: MSTR has 0 Bitcoin purchases or sales for the week, 845,050 Bitcoin holdings, and 176.3 million USD cash used for buybacks. The reserve is 5.1 billion USD and cash is 1.44 billion USD as of September 7. Strive bought 1,375 Bitcoin at 79,281 USD, has 24,531 Bitcoin holdings, and 202.6 million USD cash. The common share growth is 4.0722% and the fully diluted share growth is 4.1838%, excluding 26,596,010 traditional warrant shares. Strategy previously disclosed 218.4 million USD Bitcoin sales year to date. The benefits go to preferred holders with cash and repurchase support, and common holders with residual Bitcoin upside and financing risk. A counterargument is that future warrant receipts could fund large purchases, but cash availability is not guaranteed. ASST has a 119.555% gain over 20 sessions, but is below the prior high of 28.53. The source is a combination of SEC filings and a press release from Strategy. https://www.sec.gov/Archives/edgar/data/1050446/000119312526384402/mstr-20260831.htm ; https://www.sec.gov/Archives/edgar/data/1920406/000162828026060809/asst-20260908.htm ; https://www.strategy.com/press/strategy-announces-second-quarter-2026-financial-results_07-30-2026