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  "published_at": "2026-09-02T13:07:20.000Z",
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    "headline": "Bitcoin's 'Red September' Curse and Wall Street's Parallel Pattern",
    "dek": "Bitcoin has lost money in 8 of 13 Septembers, a pattern shared by the S&P 500.",
    "prose": "Bitcoin has closed lower in 8 of the last 13 Septembers, averaging a 2.97% loss and a median return of -2.44%. [^1]\n\nWintermute, a leading crypto trading firm, named real-world assets (RWAs) as a top contender to unlock liquidity in the next market cycle. [^2]\n\nSeptember 2025 was the first green September in five years, with Bitcoin closing up 5.16%. [^3]\n\nThe Federal Reserve is weighing its first interest rate hike since 2023, with odds at 68.2% according to CME's FedWatch tool. [^4]\n\nThe S&P 500 has averaged a loss in September since 1945, with a long-run average decline of roughly 0.6%. [^5]\n\nEthereum has emerged as the dominant platform for RWA tokenization, hosting products tied to Treasuries, money-market funds, and other financial instruments. [^6]\n\nKey challenges for RWAs include legal enforceability of token claims, custody risks, and issuer solvency, particularly as regulators scrutinize the sector. [^7]\n\nWintermute suggests that RWAs could be the liquidity channel that anchors crypto's next major phase of growth. [^8]",
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      "statement": "Bitcoin has closed lower in 8 of the last 13 Septembers, averaging a 2.97% loss and a median return of -2.44%.",
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