According to BlockBeats, on September 6, Solana's on-chain token issuance platform, StoneFun, announced that it has completed a $1 million STONK token buyback, and that over $7.5 million in rewards have been distributed to StoneFun ecosystem holders.

According to GMGN data, the market capitalization of STONK, the token of the StoneFun platform, has exceeded $100 million today, currently trading at $92 million, a 256% increase in the last 24 hours, with a trading volume of $30.4 million during the same period.

BlockBeats reminds users that the prices of related tokens are highly volatile, and users should exercise caution when investing.

According to BlockBeats, on September 6th, based on GMGN market data, the market capitalization of Basecat, a Meme coin on the Base chain, reached $83 million, a new all-time high, with a 24-hour increase of approximately 38% and a trading volume of $7.6 million during the same period.

Coinbase has previously listed BASECAT for spot trading. Basecat is a highly recognizable cat-themed meme within the Base ecosystem, and it has once again attracted investment attention as sentiment towards multi-chain memes has improved.

BlockBeats reminds users: Most Meme coins have no real-world use cases and their prices fluctuate greatly. Please be aware of asset protection and avoid FOMO (Fear of Missing Out).

According to BlockBeats, on September 6th, Benson Sun, founder of Coinkarma, published a lengthy article titled "Bitcoin's Golden Bloodline Awakens: This Could Be the Beginning of the Biggest Bull Market in BTC History." In it, he stated that while many remain skeptical about whether a bull market has arrived, he believes that what follows is not just a bull market, but a massive one.

Benson Sun believes that BTC is shifting from a "high-beta tech stock" to a "hard asset that resists fiat currency devaluation," with its correlation with gold reaching an all-time high, while simultaneously decoupling from US stocks. The 60-day correlation coefficient between BTC and gold has risen to 0.663, officially breaking the historical peak of 0.64 in November 2020, the highest point since trading records began in 2011. The fact that it closed above 0.65 for two consecutive trading days on September 3rd and 4th is not just a single-day spike. A 60-day correlation coefficient between BTC and gold exceeding 0.5 is extremely rare, historically accounting for only 2.2% of trading days, and has only occurred twice before. In August 2020, BTC was consolidating between $10,000 and $12,000 before initiating a major upward trend to $64,000. In October 2022, Bitcoin was in a long-term bottoming zone, and despite the FTX black swan event, it still saw a 276% increase from the signal level to the subsequent high of $73,000.

This is the third time in history that we've seen such a high correlation between gold and the index. And this time it's more pronounced: while the gold correlation has broken through 0.6, the Nasdaq correlation has fallen below 0.25. Past bull markets have primarily relied on the halving narrative coupled with the spillover of dollar liquidity; digital gold has been more of a theme, rarely becoming a true main driver. The market has seen a rare combination of "high gold correlation + low US stock correlation + thorough market correction," indicating a macro-level repricing of US debt and dollar credibility issues. Therefore, Benson Sun believes the current situation resembles the early stages of a major bull market uptrend rather than a typical oversold rebound.

The market has also seen a divergence between the US Dollar Index (DXY) and US Treasury yields: the 30-year US Treasury yield rose from 5.0% to 5.25% over the past three months, reaching a new high of 5.34% since 2007 on August 18, but the DXY fell below 100 from 101. The record high interest rates coupled with the dollar's decline indicate a decrease in market confidence in the dollar. If hedging against devaluation becomes the main market theme again, and BTC happens to reach a record high in tandem with gold at this time, this coincidence is noteworthy. In the past few years, the market has been accustomed to treating BTC as a highly volatile tech stock, but this time is different. In August, BTC surged by about 24% in a single week, while gold rose 5.6% and the Nasdaq fell 2.1% during the same period. BTC's "golden lineage" is awakening.