4E: Regulatory pressure and institutional buying go hand in hand, gold hits new highs again

ChainCatcher news, according to 4E observations, Nasdaq-listed company Reliance Global Group announced the completion of its first Bitcoin purchase. Following previous allocations in ETH and ADA, the company plans to invest a total of $120 million to expand its digital asset treasury, highlighting the trend of publicly traded companies continuing to embrace crypto assets. Meanwhile, the U.S. SEC has suspended trading of QMMM Holdings stock, citing that its stock price surged nearly 1000% within three weeks after announcing the establishment of a crypto treasury, suspected of being manipulated by social media.

On-chain, analyst Yu Jin has monitored a suspected Bitmine address that has once again increased its holdings by 25,369 ETH (worth $107 million), indicating that leading institutions are still positioning themselves. The SEC is also set to make a final ruling in October on 16 crypto ETFs, covering tokens such as Solana, XRP, LTC, and DOGE, referred to in the industry as "ETF month."

In the macro market, the U.S. Senate will vote again on September 30 on a bill to avoid a government shutdown; Goldman Sachs has raised its three-month rating for global equities to "overweight," citing U.S. economic resilience and a more dovish Federal Reserve stance. In terms of safe-haven assets, spot gold has risen to $3,850 per ounce, reaching a new historical high, with analysts pointing out that employment data will be key to future trends.

Institutional applications are also accelerating, with 21Shares updating its spot Solana ETF filing to continuously improve its compliance framework. Glassnode data shows that short-term Bitcoin holders have entered a loss zone, suggesting that the market may be in a "reset phase," laying the groundwork for a new round of capital accumulation.

4E reminds investors: the crypto market is oscillating between regulatory pressure and institutional accumulation, with short-term volatility risks coexisting with long-term structural opportunities. The correlation between gold and Bitcoin is worth paying attention to, and investors should maintain flexible position management.