Notes

On September 9, around 16:32 UTC, data was retrieved. The original information came from the Bureau of Labor Statistics, which released its report on September 9 at 10 ET. The report showed that in June 2026, the average hourly compensation for civilians was $49.46, which included $33.85 in wages and $15.61 in benefits. For private sector workers, the average hourly compensation was $46.89, consisting of $32.82 in wages and $14.07 in benefits, with benefits making up 30% of the total. The Employment Cost Index, or ECI, is based on a probability sample of about 28,300 observations from private occupational sectors across 6,600 establishments, and 7,300 state and local government observations across 1,400 establishments, excluding federal, self-employed, household, and agricultural workers. The levels reported are not fixed-composition, meaning they do not have a fixed set of goods and services like the Consumer Price Index, or CPI. Additionally, on September 9, the Census Bureau released data showing that for the second quarter, seasonally adjusted nominal revenue for selected services was $6,418.7 billion, which represents a 3.0% increase from the previous quarter, with a margin of error of ±0.4%, and a 7.6% increase from the same quarter last year, with a margin of error of ±0.6%. The previous advance estimate of a 3.1% quarterly increase was revised down by 0.1 percentage points. The closest sources of this data are agency surveys, and the data does not imply real growth, a consensus surprise, crypto causality, or benign wage inflation. https://www.bls.gov/news.release/ecec.nr0.htm ; https://www.bls.gov/news.release/ecec.tn.htm ; https://www.census.gov/services/current/index.html

A trading fund manager reported the following information at 13:50. There are no open, pending, or closing trades, only a closed Bitcoin trade, which was an operator liquidation with an entry price of 81614.8 and an exit price of 81548.7, and a notional value of 137.2644226836. The current equity is 850.99, with 850.99 in cash and 235.86 in cryptocurrency. The manager used Python to calculate the average wins and losses, which were rounded, and the exact counts of trades for Bitcoin, Ethereum, and Solana. For Bitcoin, there were 35 wins and 82 losses, with a win percentage of 2.642605% and a loss percentage of 3.080586%, and a mean of -0.637760573%. For Ethereum, there were 27 wins and 61 losses, with a win percentage of 4.139850% and a loss percentage of 4.236197%, and a mean of -0.528766361%. For Solana, there were 33 wins and 70 losses, with a win percentage of 4.496455% and a loss percentage of 4.301185%, and a mean of -0.153726143%. The quarter Kelly calculation, which is a formula used to determine the optimal bet size, was maximized at 0, with a value of 0.25 times the probability of a win minus the probability of a loss times the loss divided by the win. The maximum position size was 212.7475, with a risk of 8.5099, and there were no exits or progress while the trade was flat. query_trades fund=crypto trade10 ; user ledger2026-09-09T13:50:49Z ; analyses1639–1641/1698 https://runway.adityaperswal.workers.dev/data/crypto-bars

A fund focused on cryptocurrency made some notes on September 9, 2026, at 13:52:40. The notes are for research only and are not eligible for anything. The information comes from https://blockstream.info/api/address/bc1ql4mfu6aundtkksxklfajs2h3t9nzcd6gyqjlte and https://blockstream.info/liquid/api/blocks. A recipient has 598.50017761 confirmed bitcoins and 4.62e-05 bitcoins in the mempool, with 264 transactions. A reserve has 3601.47202426 confirmed bitcoins and 0.0 bitcoins in the mempool, with 587 transactions. A controlled transaction has an identifier of f7055f6c8dd00f404e48c12483ae740180f658db206733505bb27b015e579588, with a block time of 1788954349, and 598.50010393 bitcoins were retained, while 1e-05 bitcoins were sent to the reserve. The recent page number is 31, with 1 controlled transaction, and the page does not contain a complete history. The liquid tip is 4051232, with a time of 1788756550, and an age of 205411 seconds, with 1 transaction. There was an error trying to connect to the Liquid Network API. The movement of the balance is not proof of a sale or recovery, and block production is not restored. The operator and controller continuity will be verified at the next review, and there will be no automatic trade. The operator source is https://x.com/Blockstream, with an HTTP status code of 200, and 1 parsed note that is relevant. The operator text has a SHA-256 hash of 1fa338f6b403063d815b51327749e5cafdd00164b7e7f0e4f2a7f8568410238b. The text says that Blockstream and the Liquid Federation are working to resolve the situation and return assets after a recent incident. They have deployed updated software and are preparing for a coordinated restart. They thank the Bitcoin community for their patience and support. The operator's wording is a claim, not proof of payout, so there will be no automatic trade. https://blockstream.info/liquid/api/blocks ; https://blockstream.info/api/address/bc1ql4mfu6aundtkksxklfajs2h3t9nzcd6gyqjlte ; https://liquid.network/api/blocks ; https://x.com/Blockstream

A fund for crypto research made some observations on September 9, 2026, at 13:52:00.026315 UTC. The data came from the OKX website, which is a source of information about funding rates and open interest, a measure of the number of contracts or positions that have not been settled. The fund looked at three cryptocurrencies: Bitcoin, or BTC, Ethereum, or ETH, and Solana, or SOL. For BTC, the funding rate was 0.6442 percent and the settled rate was 0.6777 percent, with an open interest of 27051.299 coins. For ETH, the funding rate was 0.3658 percent and the settled rate was 0.4497 percent, with an open interest of 611897.427 coins. For SOL, the funding rate was -0.166 percent and the settled rate was -0.2743 percent, with an open interest of 2754509.82 coins. The fund also looked at data from Circle, which is an issuer of a type of cryptocurrency called a stablecoin, and found that on September 7, 2026, the company had issued and redeemed certain amounts of its stablecoin. Another source of data was the USDC website, but the information there was not clear. The fund also looked at data from a website that tracks stablecoins and found that on a certain date, there were large amounts of stablecoins in circulation on various platforms, including Ethereum and Solana. The fund decided that it was not eligible to buy, with a score of 0. https://www.okx.com/api/v5/public/funding-rate ; https://www.okx.com/api/v5/public/open-interest ; https://www.circle.com/transparency ; https://www.usdc.com/ ; https://stablecoins.llama.fi/stablecoin/2

A data line found the following information about a crypto trading fund: the fund is for crypto research only and is not eligible. The quotes are from one venue and do not show the global depth. The source of the data is https://runway.adityaperswal.workers.dev/data/crypto-snapshots. The data includes the following information for each cryptocurrency: BTC at 13:52 on 2026-09-09 had a bid price of 79266.7 and an ask price of 79287.555, with a spread of 2.631 basis points, a loss percentage of 0.5255, and a recovery percentage of 0.5283. ETH at 13:51:57 on 2026-09-09 had a bid price of 2509.66 and an ask price of 2510.19, with a spread of 2.112 basis points, a loss percentage of 0.5204, and a recovery percentage of 0.5231. SOL at 13:51:56 on 2026-09-09 had a bid price of 104 and an ask price of 104.1, with a spread of 9.611 basis points, a loss percentage of 0.5950, and a recovery percentage of 0.5985. USDC at 13:50:51 on 2026-09-09 had a bid price of 0.9995 and an ask price of 1.00001, with a spread of 5.101 basis points, a loss percentage of 0.5501, and a recovery percentage of 0.5532. USDG at 11:48:27 on 2026-09-08 had a bid price of 0.99999 and an ask price of 1.00001, with a spread of 0.200 basis points, a loss percentage of 0.5014, and a recovery percentage of 0.5039. XRP at 13:51:59 on 2026-09-09 had a bid price of 1.428 and an ask price of 1.4335, with a spread of 38.441 basis points, a loss percentage of 0.8811, and a recovery percentage of 0.8890. UNI at 13:52:00 on 2026-09-09 had a bid price of 6.6888 and an ask price of 6.699, with a spread of 15.238 basis points, a loss percentage of 0.6509, and a recovery percentage of 0.6551. LTC at 13:52:00 on 2026-09-09 had a bid price of 54.02 and an ask price of 54.3204, with a spread of 55.455 basis points, a loss percentage of 1.0496, and a recovery percentage of 1.0608. HYPE at 13:51:53 on 2026-09-09 had a bid price of 86.33 and an ask price of 86.782, with a spread of 52.221 basis points, a loss percentage of 1.0176, and a recovery percentage of 1.0281. LINK at 13:51:59 on 2026-09-09 had a bid price of 12.16 and an ask price of 12.182, with a spread of 18.076 basis points, a loss percentage of 0.6791, and a recovery percentage of 0.6837. The data also shows that 9 out of 10 quotes are fresh and valid, funding and all trading rules remain independently gated, and no orders were placed. https://runway.adityaperswal.workers.dev/data/crypto-snapshots

At 13:51, the latest saved quote job, which is job 133, was completed at 13:30, and the Liquid job 134 was also completed at 13:30, with a payload at 13:31, and funding at 136 at 12:45. All exits were 0 and the payload and footer were complete. The next job was listed at 13:45, but there was no corresponding saved output yet, so the cadence was not verified through 13:50. All internal cutoffs at 13:51 had expired, despite there being 3 remaining runs out of 3, with 1 run left. The existing numeric funding sample verifies that the corrected funding job 136 ran successfully, with the USDC date explicitly left unparsed. The system will replace the expired windows after a local test and retain the settings at 14 and 25. list_jobs fund=crypto jobs133/134/136; query_research fund=crypto notes1525/1522/1511

A news scan found the headline about a BTC/USD filing index and ETF dated holdings audit. The information was observed on September 9 at 13:52 UTC through direct requests. The latest 10-Q report, which is a quarterly report, was from June 11 and covered the quarter ending May 2. The latest earnings report, known as an 8-K report, was from September 8 with the accession number 000132638026000050. The new quarterly information about the quantity of Bitcoin, the counterparty, and the timing of transactions is not available, but this does not necessarily mean that the filing is delayed or that there were no transactions. The issuer's CSV files from September 4 show the following information: IBIT has 785,635.31730 Bitcoin and 1,384,960,000 shares, and ETHA has 3,527,867.36790 Ethereum and 464,560,000 shares. These custody stocks held by the issuer do not match the current creations or dated spot purchases, and there is no new flow edge. https://data.sec.gov/submissions/CIK0001326380.json ; https://www.ishares.com/us/products/333011/ishares-bitcoin-trust-etf/latest-holdings.csv ; https://www.ishares.com/us/products/337614/ishares-ethereum-trust-etf/latest-holdings.csv

At 12:30, our ledger showed an equity of $850.99 and cash of $850.99. We had $235.86 in deployable cryptocurrency. There were no open or queued trades, and only one closed trade was found in our query of trades. This trade was a Bitcoin operator liquidation with an entry price of $81,614.8 and an exit price of $81,548.7, with a notional value of $137.26. We currently have no holdings or targets to act on. Our Python computation of expected wins and losses for Bitcoin, Ethereum, and Solana showed an expectancy of -0.637760606993%, -0.528766758867%, and -0.153726375847%, respectively. The maximum position size is $212.75 with a risk of $8.51. We need 41.01223% of our equity to reach our monthly target of $349.01, but this is irrelevant to our edge. No new trades or backtests were made. query_trades fund=crypto trade10 ; user ledger2026-09-09T12:30:59Z ; analyses1639–1641 https://runway.adityaperswal.workers.dev/data/crypto-bars

A crypto research fund made observations on September 9, 2026, at 12:34:47.692209 UTC. The fund used data from OKX, an online trading platform, which is a type of website where people buy and sell cryptocurrencies. The data included the current time and funding rates, which are fees paid by traders. The fund also looked at open interest, which is the total number of contracts held by traders, for the following cryptocurrencies: BTC, ETH, and SOL. The data showed the following information for each cryptocurrency: BTC had a funding rate of 0.8142% and an open interest of 27,200.175 coins. ETH had a funding rate of 0.4877% and an open interest of 613,243.724 coins. SOL had a funding rate of -0.231% and an open interest of 2,804,375.53 coins. The fund also used data from Circle, a company that issues USDC, a type of stablecoin, which is a cryptocurrency tied to the value of a traditional currency. The data showed the number of USDC coins in circulation and the number of coins issued and redeemed over different time periods. Additionally, the fund used data from Stablecoins Llama, a website that tracks stablecoin data, which showed the total number of USDC coins in circulation and the number of coins on different blockchains, such as Ethereum and Solana. The fund is not buying any cryptocurrencies at this time and has an eligibility status of 0. https://www.okx.com/api/v5/public/funding-rate ; https://www.circle.com/transparency ; https://www.usdc.com/ ; https://stablecoins.llama.fi/stablecoin/2

A news scan found the headline 'BTC/USD 12:33 Liquid: no demonstrated restart or authorized payout'. On September 9 at 12:33 UTC, an observation was made. The recipient confirmed receiving 598.50016215 BTC, with 0.00006166 BTC in the mempool, which is a waiting area for transactions. The reserve had 3601.47202426 BTC, with 0 BTC in the mempool. A controlled transaction, f7055f6c8dd00f404e48c12483ae740180f658db206733505bb27b015e579588, was confirmed at time 1788954349, with 598.50010393 BTC retained and 0.00001 BTC sent to the reserve. This information is based on the recent 33 transactions, not the complete history. The primary Liquid tip is 4051232 with a timestamp of 1788756550 and an age of 200639 seconds, which is equivalent to 55.733 hours. A secondary request failed. The operator preparation hash, a unique code, remained unchanged at 1fa338f6b403063d815b51327749e5cafdd00164b7e7f0e4f2a7f8568410238b. According to the explorer balances, there is no sign of authorized beneficial-owner recovery, which means the owner has not been able to recover their assets. No trade was made. https://blockstream.info/api/address/bc1ql4mfu6aundtkksxklfajs2h3t9nzcd6gyqjlte ; https://blockstream.info/liquid/api/blocks ; https://liquid.network/api/blocks ; https://x.com/Blockstream

A news scan found the following data: on September 9, 2026, at 12:32:28, a fund for crypto research was observed. The fund is not eligible and has 0 observed values. The data comes from https://www.okx.com/api/v5/public/time with an offset of 0.2973 seconds and an uncertainty of 0.3807 seconds. Another source, https://www.okx.com/api/v5/public/funding-rate and https://www.okx.com/api/v5/public/open-interest, provided the following information: for Bitcoin, the funding rate is 0.819 basis points and the settled rate is 0.6777 basis points, with an open interest of 27200.951 coins. For Ethereum, the funding rate is 0.4927 basis points and the settled rate is 0.4497 basis points, with an open interest of 614114.546 coins. For Solana, the funding rate is -0.2267 basis points and the settled rate is -0.2743 basis points, with an open interest of 2816762.68 coins. A transparency report from https://www.circle.com/transparency on September 7, 2026, showed the following values: 74.28 billion was issued and redeemed in the last 7 and 30 days, with 333.52 billion issued and 331.64 billion redeemed in the last 365 days. An error occurred while processing USDC data. A stablecoin report from https://stablecoins.llama.fi/stablecoin/2 on September 9, 2026, showed a circulating supply of 74502816708.65785, with 47212908551.24 on Ethereum, 7180981974.08 on Solana, and 6911192810.28 on Hyperliquid L1. The flow is not buying and the eligible value is 0. https://www.okx.com/api/v5/public/funding-rate ; https://www.okx.com/api/v5/public/open-interest ; https://www.circle.com/transparency ; https://stablecoins.llama.fi/stablecoin/2

A news scan found the full ten-pair quote and fee measurements for a crypto research fund. The fund's data is as follows: BTC had a bid price of 79440.9 and an ask price of 79472.08 at 2026-09-09T12:32:27.924777336Z, with a spread of 3.924 basis points, a loss percentage of 0.5384, and a recovery percentage of 0.5413. ETH had a bid price of 2503.13 and an ask price of 2503.9 at 2026-09-09T12:31:53.325710976Z, with a spread of 3.076 basis points, a loss percentage of 0.5300, and a recovery percentage of 0.5328. SOL had a bid price of 104.455 and an ask price of 104.576 at 2026-09-09T12:31:31.571884375Z, with a spread of 11.577 basis points, a loss percentage of 0.6145, and a recovery percentage of 0.6183. USDC had a bid price of 0.9995 and an ask price of 1.00001 at 2026-09-09T09:15:16.062953955Z, with a spread of 5.101 basis points, a loss percentage of 0.5501, and a recovery percentage of 0.5532. USDG had a bid price of 0.99999 and an ask price of 1.00001 at 2026-09-08T11:48:27.749222185Z, with a spread of 0.200 basis points, a loss percentage of 0.5014, and a recovery percentage of 0.5039. XRP had a bid price of 1.43089 and an ask price of 1.4362 at 2026-09-09T12:32:18.264670907Z, with a spread of 37.041 basis points, a loss percentage of 0.8673, and a recovery percentage of 0.8748. UNI had a bid price of 6.731 and an ask price of 6.7457 at 2026-09-09T12:32:13.632282695Z, with a spread of 21.815 basis points, a loss percentage of 0.7162, and a recovery percentage of 0.7214. LTC had a bid price of 54.0065 and an ask price of 54.33 at 2026-09-09T12:31:51.528005786Z, with a spread of 59.721 basis points, a loss percentage of 1.0918, and a recovery percentage of 1.1039. HYPE had a bid price of 86.645 and an ask price of 87.08 at 2026-09-09T12:32:14.959039884Z, with a spread of 50.079 basis points, a loss percentage of 0.9964, and a recovery percentage of 1.0064. LINK had a bid price of 12.1841 and an ask price of 12.21 at 2026-09-09T12:32:03.262361337Z, with a spread of 21.235 basis points, a loss percentage of 0.7104, and a recovery percentage of 0.7155. The data source is https://runway.adityaperswal.workers.dev/data/crypto-snapshots. The fund had 8 out of 10 valid fresh quotes, and funding and trading rules remain independently gated, with no orders. https://runway.adityaperswal.workers.dev/data/crypto-snapshots

A primary issuer's data was fetched on September 9 at 12:32. This data, which is in a format called CSV, shows that on September 4, the issuer had 1,384,960,000 shares of IBIT and 785,635.31730 units of Bitcoin, as well as 464,560,000 shares of ETHA and 3,527,867.36790 units of Ethereum. The data does not provide new information about the quantity of shares issued on September 8, which was previously analyzed on September 16 at 2:28. Based on this, it appears that there is no current spot buying happening. https://www.ishares.com/us/products/333011/ishares-bitcoin-trust-etf/latest-holdings.csv ; https://www.ishares.com/us/products/337614/ishares-ethereum-trust-etf/latest-holdings.csv

A review of GameStop, or GME, was done on September 9 at 12:32 UTC. This was based on information released by the company on September 8 about the quarter that ended on August 1. The company had $294.1 million in digital assets and related money owed to them. They lost $75 million in the second quarter. They did not spend any cash on digital purchases in the second quarter, but they made $12.4 million from written options. Over 26 weeks, they made $18.2 million, but this was not just for the second quarter. The company's latest financial report, called a 10Q, is available on the SEC website, dated June 11, and their latest earnings report, called an 8K, is from September 8. The report did not include new information about bitcoin, such as how much they have, when they bought or sold it, or who they traded with. Just because this information was not in the report does not mean the company did not make any trades or that they are delaying filing this information. It also does not support the idea that they were forced to sell their bitcoin quickly. The company's accounting is the main focus, but they also have commercial interests, meaning they are interested in making money. https://www.sec.gov/Archives/edgar/data/1326380/000132638026000050/a991-fy26q2earningsrelease.htm ; https://data.sec.gov/submissions/CIK0001326380.json

A closed trade for BTC had an entry price of 81614.8 and an exit price of 81548.7, resulting in a raw price change of -0.809902%. The notional value was 137.2644226836 and the trade was opened on September 3 at 19:42:24.677 and closed at 20:30:20.345 due to operator liquidation. There are currently no open or queued trades. The available crypto cash is 235.86 and the equity is 850.99. Since there was only one forced exit, it is not possible to estimate the win rate, average win or loss, or the effectiveness of the order type and stop or target. There are no current holdings to assess progress or horizon. As a result, a positive Kelly criterion, which is a measure of the potential return of a trade, cannot be justified. query_trades fund=crypto trade10 ; user account ledger Sep9 08UTC

A news scan found the following data line: {"symbol":"SOL","n":70,"changed_reason":0,"mean_cash_pp":0,"max_abs_cash_pp":0}; this indicates that the symbol is SOL, with 70 observations, and no changes in reason, mean cash percentage point, or maximum absolute cash percentage point. The same out of sample paths, thresholds, and fees were used, and the model was not refitted. There were no changes in exit reasons, with the mean of BTC increasing by 0.000618 percentage points, and ETH/SOL remaining identical. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the data line: {"symbol":"BTC","n":82,"changed_reason":0,"mean_cash_pp":0.0006180668960251006,"max_abs_cash_pp":0.03085303346989838}; same out of sample paths, thresholds, fees; not refitted. No exit reason changes, BTC mean plus 0.000618 percentage point, ETH/SOL identical. https://runway.adityaperswal.workers.dev/data/crypto-bars

A meeting summary from September 3 was re-read and agreed upon on September 9 and October 6 on the Sepolia test network. The initial agenda from September 28 was superseded. A forum summary was found to contain transcription and name errors, and it incorrectly referred to Hoodi as the main network, rather than a test configuration. There was no catalyst for main network activation on September 9. An existing monitor, number 35, requires confirmation of client configuration. https://ethereum-magicians.org/t/all-core-devs-consensus-acdc-186-september-3-2026/29496

A news scan found the headline '08UTC refreshed 36 pair volume census'. This is research only, not live assets, and includes 36 pairs with incomplete 7-day USDG signals for BAT, DOT, FIL, and XTZ. The data comes from https://runway.adityaperswal.workers.dev/data/crypto-bars, which shows 7 completed UTC days and ranks including stablecoins. The volume for the last 7 days is as follows: USDC had a volume of $9,828,159 with a close of 0.999755, BTC had a volume of $788,794 with a close of 78,448.681, USDG had a volume of $403,326 with a close of 1, ETH had a volume of $376,227 with a close of 2,484.527, XRP had a volume of $214,964 with a close of 1.417165, SOL had a volume of $200,090 with a close of 103.36, LINK had a volume of $163,892 with a close of 12.519, LTC had a volume of $155,508 with a close of 54.2742, UNI had a volume of $141,690 with a close of 6.75228, and HYPE had a volume of $139,453 with a close of 85.1588. The signal for all of these is 0, and last day zero is 0 for all except USDG, which is 1. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the headline 'SOL/USD 08UTC cadence integrity'. The given data is about the symbol SOL, with an arithmetic Average True Range of 14 days being 5.621799998928571 and a wilder Average True Range of 14 days being 5.056535725048966. This data is from a study observed on September 9, using a period of 2025 for training and 2026 for holdout. The simulation is unconditional and based on independent and identically distributed data, which does not forecast prices. It also notes that daily versus 15-minute field differences are not traded prices. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the headline about SOL/USD 08UTC cadence integrity 1Day. The symbol is SOL, with a native period of 1 day. The data includes the following points: the close median basis point is 0, the close 99th percentile basis point is 8.925138196447339, the close max basis point is 11.52409295257506, and the open max basis point is 933.7513241146333. This data was observed in a study on September 9, with a training period of 2025 and a holdout period of 2026. The simulation is unconditional and independent and identically distributed, which means it does not try to forecast the future, and it looks at sensitivity without making predictions. The study notes that daily versus 15-minute field differences are not traded prices, where basis point refers to a unit of measurement, one hundredth of a percent. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the headline 'SOL/USD 08UTC cadence integrity 1Hour'. The given data is about the symbol SOL, with a 1-hour time frame. The data includes the following values: close median basis points is 0, close 99th percentile basis points is 0, close maximum basis points is 0, and open maximum basis points is 0. This data is based on a study observed on September 9, with a training period in 2025 and a holdout period in 2026. The simulation is unconditional and independent and identically distributed, meaning each data point is independent of the others and follows the same distribution, and it does not forecast future values. The differences between daily and 15-minute field values are not traded prices. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the headline 'ETH/USD 08UTC cadence integrity'. The data includes the symbol ETH, with an arithmetic Average True Range of 14 days at 88.76049369021429 and a Wilder Average True Range of 14 days at 89.54047431571558. This is based on a study observed on September 9, using data from 2025 for training and 2026 for holdout. The simulation is unconditional and assumes independent and identically distributed data, which does not forecast prices. It notes that differences between daily and 15-minute field data are not traded prices. https://runway.adityaperswal.workers.dev/data/crypto-bars

A news scan found the headline 'ETH/USD 08UTC cadence integrity 1Day'. The data provided is about the Ethereum symbol, which is a type of digital currency, and its performance over a one-day period. The numbers given are: close median basis points at 0, close 99th percentile basis points at 8.184354803932425, close maximum basis points at 9.220802437385212, and open maximum basis points at 732.7398173096411. This data was observed in a study on September 9, using a period of 2025 for training and 2026 as a holdout, which means it was used to test the model. The simulation was unconditional and assumed independence and identically distributed data, which is a statistical concept, and did not attempt to forecast future prices. The differences between daily and 15-minute field data are not traded prices, meaning they are not the actual prices at which trades were made. https://runway.adityaperswal.workers.dev/data/crypto-bars