Treasury Yields Hit 2002 Highs, Bitcoin Spot ETFs Extend $3B Streak, Robinhood Launches AI Agents

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Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets.

Let's get into it. Bitcoin is trading at $85,308 this morning up from yesterday's $83,000 level as spot demand stabilizes despite treasury yield pressure. The 30-year US treasury yield reached 5.6% on Monday, its highest level since June 2002, while the 10-year hit 5.3%.

This higher yield environment is weighing on non-yielding assets, but Bitcoin spot ETFs show resilience with nine consecutive days of inflows, totaling $3.1 billion.

However, Ether ETFs reversed with $3 million in outflows, snapping a seven-day streak that pulled in $851 million. Robinhood dropped major expansions at its hood summit. AI trading agents powered by OpenAI or Anthropic that research markets and execute trades 24-7, plus crypto perpetual futures with up to 10 times leverage on Bitcoin and Ethereum. The perpetual's launch sent lighter token down 17 percent as Robinhood creates direct competition for decentralized purpose exchanges. Over 150,000 agentic trading counters already exist, executing nearly 30 million trades daily.

Regulatory infrastructure is thinning. SEC Commissioner Hester Pierce departs October 2nd, leaving the commission with just two members. The CFTC has operated with one sole commissioner since December. Both agencies continue advancing crypto rulemaking despite skeleton crews. Prediction market Kalshi is in advance talks to raise 1 billion at a $40 billion valuation, up 82% from May's $22 billion round. Bitget CEO remains pessimistic about recovering funds from the $388 million hack. Approximately 4 million in stolen Z cash moved into Ironwood's private payment system, making recovery significantly harder.

Illinois published draft crypto tax rules. Stablecoins are taxable, NFTs excluded, DeFi generally exempt unless users pay protocol operation fees.

Key levels. Bitcoin resistance at 86,000. Support at 82,500. PCE inflation data expected today could drive the next move. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.