RedStone has announced plans to give holders of Centrifuge’s tokenized NYLIM U.S. high-yield bond fund same-block exits through offchain auctions lasting about 300 milliseconds.

RedStone said in a Sept. 1 announcement shared with crypto.news that its Settle service is being integrated with the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, known by the ticker HYB.

Issued through Centrifuge, HYB is the first tokenized fund sub-advised by New York Life Investment Management. NYLIM manages $838 billion in assets, according to the latest figure provided by RedStone, up from the roughly $807 billion reported when the fund was introduced in June.

The integration is designed to let HYB holders, lending protocols, and liquidators sell fund units within one blockchain transaction. A liquidity provider supplies the immediate capital, takes possession of the units, and later completes the fund’s regular redemption process.

Although RedStone describes the service as T+0 settlement, HYB’s underlying redemption period remains T+3. Settle instead transfers the waiting period to an approved liquidity provider willing to hold the units in return for a discount.

RedStone Settle uses a 300-millisecond auction

When RedStone identifies a position eligible for liquidation, the system runs an offchain auction lasting approximately 300 milliseconds, RedStone co-founder and COO Marcin Kazmierczak told crypto.news.

KYC-verified and whitelisted liquidity providers, called solvers, bid according to the discount they require from the HYB reference price. The bid closest to a 0% discount wins, meaning the seller receives the price nearest to the fund unit’s calculated value.

Once the auction ends, RedStone combines its latest price update and the liquidation instruction in one atomic onchain transaction. Kazmierczak said the structure prevents front-running because the price submission and execution happen together rather than through separate transactions.

Atomic execution also means every part of the transaction must succeed, or the entire operation reverts. According to Kazmierczak, the winning solver has a bonded deposit that can be slashed if it fails to supply the promised capital.

The solver then redeems the acquired HYB units through the issuer’s standard T+3 process and keeps the auction discount as compensation for providing immediate liquidity and accepting the redemption delay.

No large onchain liquidity pool is required under RedStone’s model. The company said Centrifuge and NYLIM also do not need to supply capital for early exits or change the fund’s existing redemption operations.

“Tokenization solved issuance. It did not solve settlement — and settlement is what defines whether an asset scales onchain with broader utility,” Kazmierczak said.

According to the executive, lending market curators need confidence that liquidators can dispose of collateral when a loan becomes undercollateralized. A known exit price and settlement time could allow curators to calculate lending limits without relying on an uncertain redemption queue, he added.

HYB auctions start from administrator-derived NAV

Because high-yield corporate bonds do not trade continuously like cryptocurrencies, the HYB auction will not begin with a price taken from a round-the-clock spot market.

Kazmierczak said RedStone’s fundamental price feed will determine the starting value using net asset value data derived from the fund administrator. Solvers then compete by submitting the percentage discount they require to acquire and redeem the units.

The pricing method places the fund administrator’s NAV at the center of the auction, while solver bids account for the cost and risk of waiting through the redemption period. RedStone said the structure can also process voluntary redemptions and deleveraging transactions, rather than operating only when a loan enters liquidation.

In a stressed market, however, the auction still requires enough capital from eligible solvers. Asked what would happen if too few providers participated or no suitable bid appeared, Kazmierczak said prefunded vaults would also join auctions and were intended to keep backstop liquidity available onchain.

Continuous and defensible pricing has remained a separate obstacle for tokenized assets used in lending. An August report on Stellar’s DeFi gap found that its RWA market had exceeded $3 billion, while pools on Blend that could accept RWAs held only slightly more than $2 million.

RedStone said in that report that tokenized corporate debt requires pricing systems to account for credit quality, maturity, settlement terms, and security structure. Fund administrator data is especially important when the underlying portfolio lacks continuous public trading.

NYLIM’s HYB fund moves from issuance to collateral

Centrifuge and NYLIM introduced the HYB fund in June, giving eligible investors onchain access to NYLIM’s U.S. high-yield corporate bond strategy.

Under the original structure, subscriptions and redemptions settle in USDC, while NYLIM retains responsibility for the portfolio, investment process, and risk management. Centrifuge supplies the tokenization and fund infrastructure rather than managing the underlying bonds.

RedStone said HYB units will be made available as collateral in markets built on Morpho, a decentralized lending protocol with isolated pools. Each Morpho market can set separate collateral assets, loan-to-value limits, and liquidation parameters, keeping the conditions attached to HYB apart from unrelated lending pools.

The integration could allow an eligible holder to borrow against HYB rather than sell the position, subject to the rules and liquidity of the relevant Morpho market. RedStone said curators could use the auction’s settlement terms when deciding how much credit to extend against each unit.

In May, Morpho’s lending infrastructure expanded to Tempo, where Gauntlet and Sentora introduced curated markets, and RedStone supplied price feeds for stablecoins and tokenized real-world assets. The HYB integration applies the three services—pricing, market curation and lending—to a tokenized U.S. corporate bond portfolio.

Access will remain permissioned because HYB transfers require approved participants. Kazmierczak said other tokenized funds could use Settle if they support KYC or business-verification whitelists, connect to a reliable NAV feed, and maintain clear redemption terms that let solvers price the waiting period.

Tokenized credit gains another high-yield product

HYB is entering a tokenized credit market that now includes high-yield strategies from several established U.S. investment managers.

In August, Securitize launched a separate fund managed with Neuberger Berman that invests mainly in high-yield bonds. RedStone said it supplies pricing infrastructure for that strategy as well.

RWA.xyz data cited in RedStone’s announcement placed tokenized real-world assets above $38 billion in August, compared with about $5.4 billion in early 2025. The same data put tokenized U.S. government debt at $16.2 billion and tokenized credit at $7.3 billion.

RedStone said more than 1.7 million addresses held tokenized real-world assets during August, following a 56% monthly increase. Wallet or blockchain addresses, however, do not necessarily correspond to the same number of individual investors.

Citi has projected that tokenized assets could reach $5.5 trillion by 2030, while Standard Chartered has estimated a $2 trillion market by 2028. Both figures remain institutional projections rather than measured commitments or completed token issuances.

Predict.fun has launched a self-service developer dashboard that lets builders create applications, generate API keys, monitor usage and manage rate limits from one interface.

Predict.fun developer dashboard centralizes API access

Predict.fun said in a post on X that the new portal gives developers direct control over several tasks previously handled through separate support channels. Users can create applications, issue keys, and view their current usage limits through the dashboard.

Existing keys can also be imported, allowing developers with active integrations to manage them alongside newly created credentials. Predict.fun did not disclose whether imported keys retain their current permissions or require any changes during the transfer.

Before the dashboard launch, Predict.fun’s public developer documentation directed users to join its Discord server and open a support ticket to request an API key. The documentation describes the platform’s REST API as a beta product and asks developers to report problems through the same Discord channel.

Moving key generation into a self-service portal removes that manual step for new applications. Predict.fun did not specify whether Discord-based requests will remain available or whether all future key management will move to the dashboard.

The portal also gives developers access to their usage and rate-limit information. When an application requires more capacity, its owner can manually request a higher usage-based tier through the interface, according to the announcement.

Predict.fun did not publish the request criteria, review period, or call allowances attached to each tier. The company also did not say whether access to higher limits carries a fee or depends on an application’s trading activity.

Trade burst limits apply to order activity

Alongside the dashboard, Predict.fun has introduced “trade burst” limits covering calls used to create and cancel orders. The control restricts how many of those requests an application can send each second.

Every new application will have the restriction enabled by default. Existing applications will receive the burst limit the next time their owners request an adjustment to their rate limits, rather than having it added immediately across all active integrations.

The company did not disclose the number of order calls allowed per second or whether the ceiling differs between usage tiers. It also did not provide separate limits for creating and canceling orders.

Predict.fun’s API documentation shows that developers can submit new orders, remove individual orders, and cancel groups of orders through dedicated endpoints. Applications can also retrieve market data, order books, market statistics, account activity, and user positions.

For live data, the platform provides WebSocket connections covering subscriptions, response formats, and heartbeats. Its developer tools also include OAuth endpoints through which an integrated application can finalize a connection, place or cancel orders, and retrieve a connected user’s positions.

The order-related restrictions apply to the rate at which applications send requests, not to the number of markets developers can display or the total positions held by users. Predict.fun did not announce changes to its market-data, account, or WebSocket limits.

No security incident or service disruption was cited as the reason for introducing the controls. The company described them as part of the updated usage-management system available through its developer portal.

Dashboard follows Predict.fun’s BNB Chain expansion

The developer release follows several additions to Predict.fun’s distribution and infrastructure during 2026. Built on BNB Chain, the platform lets users trade tokenized positions tied to outcomes in categories including crypto, sports, politics, and economic events.

Predict.fun completed its acquisition of Probable in March. Probable had been incubated by PancakeSwap and YZi Labs before its technology was folded into Predict.fun’s product stack.

The companies said the transaction would combine their work on market design, order execution, and collateral use. Binance founder Changpeng Zhao welcomed the deal at the time, describing it as a combination of two projects operating in BNB Chain’s prediction-market sector.

In April, YZi Labs disclosed a follow-on Predict.fun investment that included Susquehanna Crypto, the digital-asset arm of Susquehanna International Group. Figures shared with the announcement showed that Predict.fun had processed more than 4 million orders and over $1.8 billion in cumulative trading volume since launching in December 2025.

YZi Labs said Predict.fun had graduated from the second season of its EASY Residency program. The investor described the protocol as combining self-custody, gasless transactions, and yield earned on collateral while prediction positions remain open.

Developer access could allow third-party interfaces and trading services to connect to the same underlying markets, although Predict.fun has not named any new applications built through the dashboard. The platform’s API already supports market discovery, order-book data, trade execution, account activity and position tracking.

Predict.fun’s existing distribution includes Binance Wallet, which added in-app market access in April. Under that integration, Predict.fun operates the events, pricing, and resolution rules while eligible Binance Wallet users reach the markets through the Binance app.

The integration supports market and limit orders, with transactions executed through Predict.fun’s smart contracts. Binance Wallet said it sponsors trading and settlement gas fees and allows users to trade with balances held in their spot and funding accounts.

US prediction markets face separate access rules

Predict.fun did not state whether applications created through the dashboard may serve users in the United States. Its announcement focused on developer access, key management and technical request limits rather than regional availability or regulatory permissions.

For US developers, an API key does not itself establish permission to offer event contracts to American customers. Platforms serving that market can face federal commodities requirements as well as state rules governing sports betting and gambling products.

Binance.US said in July that it planned to seek a Commodity Futures Trading Commission-designated contract market license as part of its effort to offer federally regulated prediction markets. If approved, the license would allow the exchange to list event contracts under CFTC oversight.

The reported CFTC license plan would place Binance.US in a segment that already includes federally regulated operators such as Kalshi and Polymarket US. Coinbase has also provided event-contract access through a partnership with Kalshi.

State authorities continue to dispute whether federal commodities oversight prevents them from enforcing local gambling rules against some sports-related contracts. Predict.fun’s dashboard announcement did not address that conflict, identify supported US jurisdictions, or announce a US-regulated entity.

The company also did not provide a timetable for taking the REST API out of beta. Its public documentation continues to list endpoints for categories, markets, orders, accounts, positions, search, and OAuth, along with TypeScript and Python authentication guides.

Bitcoin traded near $77,500 on Sept. 1 as rising oil prices, higher bond yields and renewed US rate-hike concerns outweighed strong spot ETF inflows, while short-term technical indicators pointed to weakening momentum.

Bitcoin price loses short-term support

According to data from crypto.news, Bitcoin (BTC) price was trading around $77,500 at the time of writing, down approximately 1.6% over the previous 24 hours. The asset reached $79,225 earlier in the session before sellers pushed it to an intraday low of $77,318.

The retreat took Bitcoin below the $77,700–$78,000 short-term support range and left it about 4.6% below the recent local high near $81,280.

BTC remains well above its main daily moving averages despite the pullback. The daily chart places the 20-day simple moving average at $73,198, while the 50-day and 100-day averages sit at $67,924 and $66,285, respectively.

Bitcoin also remains above the 200-day SMA near $69,504. The alignment leaves the broader trend constructive, as shorter moving averages have moved above their longer-term counterparts following August’s rally.

Daily momentum has started to cool, however. The relative strength index has fallen to 66 from an earlier overbought reading above 70. An RSI above 50 still favors buyers, but the decline suggests the market is losing some momentum after its rapid move from the $64,000 area.

Rising oil prices and yields pressure Bitcoin

The pullback followed renewed pressure across global markets as oil prices and government bond yields moved higher.

Brent crude rose roughly 2% to $92.04 per barrel as renewed fighting between the United States and Iran revived concerns over supply disruptions.

More expensive energy can keep inflation elevated by raising transportation and production costs. Persistent inflation would reduce the Federal Reserve’s room to lower interest rates and could revive expectations for tighter US monetary policy.

A simultaneous global bond selloff pushed yields higher, adding pressure to risk assets. Rising yields make interest-bearing government securities more attractive relative to assets such as Bitcoin, which does not generate a fixed return.

The macro pressure arrived despite renewed demand for US spot Bitcoin exchange-traded funds. Farside Investors data show that the products attracted a combined $216.7 million during the latest completed trading session.

BlackRock’s IBIT accounted for $205.9 million of the total. The daily inflow reversed the $201.9 million net withdrawal recorded on Aug. 28, though Bitcoin’s subsequent decline suggests macro-related selling temporarily exceeded ETF demand.

4-hour indicators point to weak momentum

Bitcoin’s 4-hour chart shows the price testing the lower Bollinger Band at approximately $77,473. The band’s middle line stands near $78,262, while the upper boundary sits at $79,050.

Trading near the lower band reflects immediate selling pressure, but it does not confirm a larger breakdown by itself. A recovery above the middle band would put $79,050 back in focus, while a 4-hour close below the lower boundary could expose the recent lows.

The average directional index has dropped to 12.6 on the same timeframe. An ADX reading below 20 normally indicates that neither buyers nor sellers control a strong trend, making range-bound and uneven price action more likely.

BTC would need to recover the $78,260 Bollinger midpoint before challenging $79,050. Above that level, the $79,500–$80,000 zone represents the next major resistance area, followed by the recent peaks between $80,800 and $81,300.

Failure to recover the middle band would leave Bitcoin vulnerable to another test of $77,000. A confirmed close below that level would weaken the short-term structure even though the daily moving averages remain bullish.

Liquidation clusters surround the current price

CoinGlass’s one-week liquidation heatmap shows a growing concentration of leveraged positions just below Bitcoin’s current market price.

The nearest liquidity cluster appears between approximately $76,500 and $77,000. A larger downside pool is visible closer to $76,000, giving traders two nearby levels to watch if selling accelerates.

Upside liquidity is concentrated around $79,500, with additional clusters between $80,000 and $82,000. Price can gravitate toward areas containing large concentrations of leveraged positions, but the heatmap does not predict which cluster will be reached first.

Derivatives data do not currently point to widespread forced deleveraging. Notably, about $33 million in Bitcoin liquidations, including $19.6 million in long positions and $13.4 million in shorts.

Bitcoin futures open interest stood near $25.3 billion, rising only 0.6%–0.9% over 24 hours. Average funding remained positive at 0.0066% per eight hours, below the commonly referenced 0.01% baseline. The combination suggests leveraged traders remain positioned, but bullish exposure is not yet unusually crowded.

Bitcoin must defend the $76,500 support zone

The $76,500–$77,000 region is Bitcoin’s main immediate support. The lower 4-hour Bollinger Band and a nearby liquidation cluster add technical importance to that range.

A sustained break below $76,500 could extend the decline toward $75,700–$76,000. If buyers fail to defend that secondary area, the daily chart points to $72,500–$73,200 as the next major support, with the 20-day SMA reinforcing the upper end of the zone.

The bullish scenario requires Bitcoin to reclaim $77,700–$78,260 and then close above $79,050. A move through $79,500–$80,000 could trigger liquidations among short positions and reopen the path toward $81,000–$82,000.

Pseudonymous trader Eliz maintained a longer-term bullish view despite the short-term volatility, describing purchases above the $65,000–$68,000 range as a “bargain” and saying Bitcoin would eventually trade higher. The forecast remains the trader’s opinion rather than a confirmed market outcome.

For US investors, oil prices, Treasury yields and expectations for the Federal Reserve’s next policy decision remain the main external catalysts. ETF inflows continue to provide institutional demand, but Bitcoin’s next directional move may depend on whether buyers can defend $76,500 while macro conditions remain restrictive.

U.S. officials have previously objected to Russia attending G20 meetings