{ "schemaVersion": 1, "currency": "ALTS", "reportDate": "2026-09-17", "generatedAt": "2026-09-17T16:41:14+00:00", "currentSnapshotAt": "2026-09-17T16:39:00+00:00", "comparisonCutoffAt": "2026-09-17T16:39:00+00:00", "headline": "Altcoin options compress unevenly as HYPE leads one-week volatility reset", "standfirst": "Altcoin one-week ATM IV fell across the complex, with HYPE one-week ATM IV dropping 5.57 volatility points to 65.33%, the largest decline. AVAX one-week ATM IV fell only 1.29 volatility points to 57.38%, leaving a 4.28-point range in daily changes. Despite that compression, HYPE’s one-week ATM IV remained 49.44 volatility points above TRX’s 15.89%. Derivasys data show a narrower but still unusually segmented front end.", "marketSummary": "HYPE’s one-week ATM IV fell 5.57 volatility points to 65.33%, while AVAX’s one-week ATM IV fell 1.29 volatility points to 57.38%. The resulting 4.28-point dispersion in daily changes shows that the complex compressed without moving uniformly.", "rows": [ { "asset": "XRP", "currentSnapshotAt": "2026-09-17T16:39:00+00:00", "previousSnapshotAt": "2026-09-16T16:39:00+00:00", "comparisonStatus": "available", "comparisonNote": null, "rejectedPreviousSnapshotAt": null, "currentListedExpiries": 6, "comparedListedExpiries": 4, "tenors": [ { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 63.25, "previous": 67.54, "change": -4.29, "percentChange": -6.35 }, "rr25": { "current": 5.1, "previous": -0.53, "change": 5.63, "percentChange": 1062.26 }, "bf25": { "current": 5.0, "previous": 5.03, "change": -0.03, "percentChange": -0.6 } }, { "tenor": "2W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 61.26, "previous": 63.01, "change": -1.75, "percentChange": -2.78 }, "rr25": { "current": 4.17, "previous": 0.53, "change": 3.64, "percentChange": 686.79 }, "bf25": { "current": 5.35, "previous": 5.31, "change": 0.04, "percentChange": 0.75 } }, { "tenor": "1M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 58.68, "previous": 59.44, "change": -0.76, "percentChange": -1.28 }, "rr25": { "current": 2.63, "previous": 1.37, "change": 1.26, "percentChange": 91.97 }, "bf25": { "current": 4.97, "previous": 5.59, "change": -0.62, "percentChange": -11.09 } }, { "tenor": "3M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 56.07, "previous": 56.46, "change": -0.39, "percentChange": -0.69 }, "rr25": { "current": 1.9, "previous": 3.93, "change": -2.03, "percentChange": -51.65 }, "bf25": { "current": 5.26, "previous": 5.37, "change": -0.11, "percentChange": -2.05 } }, { "tenor": "6M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "9M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "1Y", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } } ], "oneWeek": { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 63.25, "previous": 67.54, "change": -4.29, "percentChange": -6.35 }, "rr25": { "current": 5.1, "previous": -0.53, "change": 5.63, "percentChange": 1062.26 }, "bf25": { "current": 5.0, "previous": 5.03, "change": -0.03, "percentChange": -0.6 } }, "nearestEligibleForward": { "label": "25SEP26", "daysToExpiry": 7.64, "forward": { "current": 1.3, "previous": 1.27, "change": 0.03, "percentChange": 2.36 } }, "realisedVolatility": null, "realisedVolatilityUnavailableReason": "Canonical XRP index coverage for 7d is incomplete: expected 10080 one-minute returns, found 10042 (99.6230% coverage); returns spanning missing minutes are excluded" }, { "asset": "HYPE", "currentSnapshotAt": "2026-09-17T16:39:00+00:00", "previousSnapshotAt": "2026-09-16T16:39:00+00:00", "comparisonStatus": "available", "comparisonNote": null, "rejectedPreviousSnapshotAt": null, "currentListedExpiries": 6, "comparedListedExpiries": 4, "tenors": [ { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 65.33, "previous": 70.9, "change": -5.57, "percentChange": -7.86 }, "rr25": { "current": 6.26, "previous": 1.94, "change": 4.32, "percentChange": 222.68 }, "bf25": { "current": 4.26, "previous": 3.56, "change": 0.7, "percentChange": 19.66 } }, { "tenor": "2W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 64.76, "previous": 67.56, "change": -2.8, "percentChange": -4.14 }, "rr25": { "current": 4.69, "previous": 1.81, "change": 2.88, "percentChange": 159.12 }, "bf25": { "current": 4.49, "previous": 3.71, "change": 0.78, "percentChange": 21.02 } }, { "tenor": "1M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 64.27, "previous": 65.15, "change": -0.88, "percentChange": -1.35 }, "rr25": { "current": 3.45, "previous": 1.72, "change": 1.73, "percentChange": 100.58 }, "bf25": { "current": 3.91, "previous": 3.8, "change": 0.11, "percentChange": 2.89 } }, { "tenor": "3M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 63.55, "previous": 62.4, "change": 1.15, "percentChange": 1.84 }, "rr25": { "current": 4.53, "previous": 4.04, "change": 0.49, "percentChange": 12.13 }, "bf25": { "current": 3.59, "previous": 4.44, "change": -0.85, "percentChange": -19.14 } }, { "tenor": "6M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "9M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "1Y", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } } ], "oneWeek": { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 65.33, "previous": 70.9, "change": -5.57, "percentChange": -7.86 }, "rr25": { "current": 6.26, "previous": 1.94, "change": 4.32, "percentChange": 222.68 }, "bf25": { "current": 4.26, "previous": 3.56, "change": 0.7, "percentChange": 19.66 } }, "nearestEligibleForward": { "label": "25SEP26", "daysToExpiry": 7.64, "forward": { "current": 81.91, "previous": 78.99, "change": 2.92, "percentChange": 3.7 } }, "realisedVolatility": null, "realisedVolatilityUnavailableReason": "Canonical HYPE index coverage for 7d is incomplete: expected 10080 one-minute returns, found 10040 (99.6032% coverage); returns spanning missing minutes are excluded" }, { "asset": "AVAX", "currentSnapshotAt": "2026-09-17T16:39:00+00:00", "previousSnapshotAt": "2026-09-16T16:39:00+00:00", "comparisonStatus": "available", "comparisonNote": null, "rejectedPreviousSnapshotAt": null, "currentListedExpiries": 6, "comparedListedExpiries": 4, "tenors": [ { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 57.38, "previous": 58.67, "change": -1.29, "percentChange": -2.2 }, "rr25": { "current": 1.41, "previous": 0.62, "change": 0.79, "percentChange": 127.42 }, "bf25": { "current": 4.13, "previous": 3.56, "change": 0.57, "percentChange": 16.01 } }, { "tenor": "2W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 57.28, "previous": 57.95, "change": -0.67, "percentChange": -1.16 }, "rr25": { "current": 1.01, "previous": 1.08, "change": -0.07, "percentChange": -6.48 }, "bf25": { "current": 4.21, "previous": 3.92, "change": 0.29, "percentChange": 7.4 } }, { "tenor": "1M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 57.74, "previous": 57.6, "change": 0.14, "percentChange": 0.24 }, "rr25": { "current": 2.25, "previous": 1.46, "change": 0.79, "percentChange": 54.11 }, "bf25": { "current": 4.31, "previous": 4.18, "change": 0.13, "percentChange": 3.11 } }, { "tenor": "3M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 57.97, "previous": 57.88, "change": 0.09, "percentChange": 0.16 }, "rr25": { "current": 1.87, "previous": 1.68, "change": 0.19, "percentChange": 11.31 }, "bf25": { "current": 4.39, "previous": 4.32, "change": 0.07, "percentChange": 1.62 } }, { "tenor": "6M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "9M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "1Y", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } } ], "oneWeek": { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 57.38, "previous": 58.67, "change": -1.29, "percentChange": -2.2 }, "rr25": { "current": 1.41, "previous": 0.62, "change": 0.79, "percentChange": 127.42 }, "bf25": { "current": 4.13, "previous": 3.56, "change": 0.57, "percentChange": 16.01 } }, "nearestEligibleForward": { "label": "25SEP26", "daysToExpiry": 7.64, "forward": { "current": 7.59, "previous": 7.24, "change": 0.35, "percentChange": 4.83 } }, "realisedVolatility": null, "realisedVolatilityUnavailableReason": "Canonical AVAX index coverage for 7d is incomplete: expected 10080 one-minute returns, found 10042 (99.6230% coverage); returns spanning missing minutes are excluded" }, { "asset": "TRX", "currentSnapshotAt": "2026-09-17T16:39:00+00:00", "previousSnapshotAt": "2026-09-16T16:39:00+00:00", "comparisonStatus": "available", "comparisonNote": null, "rejectedPreviousSnapshotAt": null, "currentListedExpiries": 6, "comparedListedExpiries": 4, "tenors": [ { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 15.89, "previous": 18.82, "change": -2.93, "percentChange": -15.57 }, "rr25": { "current": 3.1, "previous": -3.25, "change": 6.35, "percentChange": 195.38 }, "bf25": { "current": 2.38, "previous": 1.45, "change": 0.93, "percentChange": 64.14 } }, { "tenor": "2W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 15.82, "previous": 18.0, "change": -2.18, "percentChange": -12.11 }, "rr25": { "current": 1.72, "previous": -1.25, "change": 2.97, "percentChange": 237.6 }, "bf25": { "current": 2.64, "previous": 1.75, "change": 0.89, "percentChange": 50.86 } }, { "tenor": "1M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 16.75, "previous": 17.56, "change": -0.81, "percentChange": -4.61 }, "rr25": { "current": 0.55, "previous": 0.16, "change": 0.39, "percentChange": 243.75 }, "bf25": { "current": 3.29, "previous": 2.0, "change": 1.29, "percentChange": 64.5 } }, { "tenor": "3M", "availability": "available", "unavailableReason": null, "atmIv": { "current": 17.81, "previous": 18.16, "change": -0.35, "percentChange": -1.93 }, "rr25": { "current": -1.48, "previous": 1.72, "change": -3.2, "percentChange": -186.05 }, "bf25": { "current": 3.96, "previous": 3.16, "change": 0.8, "percentChange": 25.32 } }, { "tenor": "6M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "9M", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } }, { "tenor": "1Y", "availability": "unavailable", "unavailableReason": "The target tenor is not bracketed by listed expiries; extrapolated values are suppressed.", "atmIv": { "current": null, "previous": null, "change": null, "percentChange": null }, "rr25": { "current": null, "previous": null, "change": null, "percentChange": null }, "bf25": { "current": null, "previous": null, "change": null, "percentChange": null } } ], "oneWeek": { "tenor": "1W", "availability": "available", "unavailableReason": null, "atmIv": { "current": 15.89, "previous": 18.82, "change": -2.93, "percentChange": -15.57 }, "rr25": { "current": 3.1, "previous": -3.25, "change": 6.35, "percentChange": 195.38 }, "bf25": { "current": 2.38, "previous": 1.45, "change": 0.93, "percentChange": 64.14 } }, "nearestEligibleForward": { "label": "25SEP26", "daysToExpiry": 7.64, "forward": { "current": 0.33, "previous": 0.34, "change": -0.01, "percentChange": -2.94 } }, "realisedVolatility": null, "realisedVolatilityUnavailableReason": "Canonical TRX index coverage for 7d is incomplete: expected 10080 one-minute returns, found 10042 (99.6230% coverage); returns spanning missing minutes are excluded" } ], "crossAssetAnalysis": { "schemaVersion": 1, "purpose": "Identify what is unusual across the altcoin options complex, not produce four mini reports.", "returnMetric": { "key": "spotPerformance24h", "source": "spotMove24hPercent", "label": "24h spot-index return", "unit": "percent" }, "assets": [ "XRP", "HYPE", "AVAX", "TRX" ], "comparableAssets": [ "XRP", "HYPE", "AVAX", "TRX" ], "oneWeek": { "atmIvLevel": { "leader": "HYPE", "laggard": "TRX", "highest": 65.33, "lowest": 15.89, "spread": 49.44, "highestToLowestRatio": 4.1114, "largestAbsoluteMoveAsset": "HYPE", "largestAbsoluteMoveValue": 65.33, "values": [ { "asset": "XRP", "value": 63.25 }, { "asset": "HYPE", "value": 65.33 }, { "asset": "AVAX", "value": 57.38 }, { "asset": "TRX", "value": 15.89 } ], "previousSpread": 52.08, "spreadChange": -2.64, "dispersionDirection": "compressing" }, "atmIvChange": { "leader": "AVAX", "laggard": "HYPE", "highest": -1.29, "lowest": -5.57, "spread": 4.28, "highestToLowestRatio": null, "largestAbsoluteMoveAsset": "HYPE", "largestAbsoluteMoveValue": -5.57, "values": [ { "asset": "XRP", "value": -4.29 }, { "asset": "HYPE", "value": -5.57 }, { "asset": "AVAX", "value": -1.29 }, { "asset": "TRX", "value": -2.93 } ] }, "rr25Level": { "leader": "HYPE", "laggard": "AVAX", "highest": 6.26, "lowest": 1.41, "spread": 4.85, "highestToLowestRatio": 4.4397, "largestAbsoluteMoveAsset": "HYPE", "largestAbsoluteMoveValue": 6.26, "values": [ { "asset": "XRP", "value": 5.1 }, { "asset": "HYPE", "value": 6.26 }, { "asset": "AVAX", "value": 1.41 }, { "asset": "TRX", "value": 3.1 } ], "previousSpread": 5.19, "spreadChange": -0.34, "dispersionDirection": "compressing" }, "rr25Change": { "leader": "TRX", "laggard": "AVAX", "highest": 6.35, "lowest": 0.79, "spread": 5.56, "highestToLowestRatio": 8.038, "largestAbsoluteMoveAsset": "TRX", "largestAbsoluteMoveValue": 6.35, "values": [ { "asset": "XRP", "value": 5.63 }, { "asset": "HYPE", "value": 4.32 }, { "asset": "AVAX", "value": 0.79 }, { "asset": "TRX", "value": 6.35 } ] } }, "relativeVolatilityLeader": { "asset": "HYPE", "metric": "absolute 1W ATM IV change", "value": -5.57 }, "termStructure": { "definition": "1Y minus 1W ATM IV, in volatility points", "currentSlope": { "leader": null, "laggard": null, "highest": null, "lowest": null, "spread": null, "highestToLowestRatio": null, "largestAbsoluteMoveAsset": null, "largestAbsoluteMoveValue": null, "values": [ { "asset": "XRP", "value": null }, { "asset": "HYPE", "value": null }, { "asset": "AVAX", "value": null }, { "asset": "TRX", "value": null } ], "previousSpread": null, "spreadChange": null, "dispersionDirection": "unavailable" }, "slopeChange": { "leader": null, "laggard": null, "highest": null, "lowest": null, "spread": null, "highestToLowestRatio": null, "largestAbsoluteMoveAsset": null, "largestAbsoluteMoveValue": null, "values": [ { "asset": "XRP", "value": null }, { "asset": "HYPE", "value": null }, { "asset": "AVAX", "value": null }, { "asset": "TRX", "value": null } ] } }, "relativeValue": { "ivMinusRealised7d": { "leader": null, "laggard": null, "highest": null, "lowest": null, "spread": null, "highestToLowestRatio": null, "largestAbsoluteMoveAsset": null, "largestAbsoluteMoveValue": null, "values": [ { "asset": "XRP", "value": null }, { "asset": "HYPE", "value": null }, { "asset": "AVAX", "value": null }, { "asset": "TRX", "value": null } ] }, "spotPerformance24h": { "leader": null, "laggard": null, "highest": null, "lowest": null, "spread": null, "highestToLowestRatio": null, "largestAbsoluteMoveAsset": null, "largestAbsoluteMoveValue": null, "values": [ { "asset": "XRP", "value": null }, { "asset": "HYPE", "value": null }, { "asset": "AVAX", "value": null }, { "asset": "TRX", "value": null } ] } }, "rankings": { "oneWeekAtmIvLevel": [ { "rank": 1, "asset": "HYPE", "value": 65.33, "previousRank": 1, "rankChange": 0 }, { "rank": 2, "asset": "XRP", "value": 63.25, "previousRank": 2, "rankChange": 0 }, { "rank": 3, "asset": "AVAX", "value": 57.38, "previousRank": 3, "rankChange": 0 }, { "rank": 4, "asset": "TRX", "value": 15.89, "previousRank": 4, "rankChange": 0 } ], "oneWeekAtmIvChange": [ { "rank": 1, "asset": "AVAX", "value": -1.29, "previousRank": null, "rankChange": null }, { "rank": 2, "asset": "TRX", "value": -2.93, "previousRank": null, "rankChange": null }, { "rank": 3, "asset": "XRP", "value": -4.29, "previousRank": null, "rankChange": null }, { "rank": 4, "asset": "HYPE", "value": -5.57, "previousRank": null, "rankChange": null } ], "oneWeekAtmIvAbsoluteMove": [ { "rank": 1, "asset": "HYPE", "value": -5.57, "previousRank": null, "rankChange": null }, { "rank": 2, "asset": "XRP", "value": -4.29, "previousRank": null, "rankChange": null }, { "rank": 3, "asset": "TRX", "value": -2.93, "previousRank": null, "rankChange": null }, { "rank": 4, "asset": "AVAX", "value": -1.29, "previousRank": null, "rankChange": null } ], "ivMinusRealised7d": [ { "rank": null, "asset": "XRP", "value": null, "previousRank": null, "rankChange": null }, { "rank": null, "asset": "HYPE", "value": null, "previousRank": null, "rankChange": null }, { "rank": null, "asset": "AVAX", "value": null, "previousRank": null, "rankChange": null }, { "rank": null, "asset": "TRX", "value": null, "previousRank": null, "rankChange": null } ], "oneWeekRr25CallRichness": [ { "rank": 1, "asset": "HYPE", "value": 6.26, "previousRank": 1, "rankChange": 0 }, { "rank": 2, "asset": "XRP", "value": 5.1, "previousRank": 3, "rankChange": 1 }, { "rank": 3, "asset": "TRX", "value": 3.1, "previousRank": 4, "rankChange": 1 }, { "rank": 4, "asset": "AVAX", "value": 1.41, "previousRank": 2, "rankChange": -2 } ], "oneWeekRr25PutRichness": [ { "rank": 1, "asset": "AVAX", "value": 1.41, "previousRank": 3, "rankChange": 2 }, { "rank": 2, "asset": "TRX", "value": 3.1, "previousRank": 1, "rankChange": -1 }, { "rank": 3, "asset": "XRP", "value": 5.1, "previousRank": 2, "rankChange": -1 }, { "rank": 4, "asset": "HYPE", "value": 6.26, "previousRank": 4, "rankChange": 0 } ], "termStructureSlope": [ { "rank": null, "asset": "XRP", "value": null, "previousRank": null, "rankChange": null 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"asset": "TRX", "value": null, "previousRank": null, "rankChange": null } ] }, "outliers": [ { "metric": "1W ATM IV change", "asset": "AVAX", "value": -1.29, "groupMedian": -3.61, "distanceFromMedian": 2.32 }, { "metric": "1W ATM IV level", "asset": "TRX", "value": 15.89, "groupMedian": 60.31, "distanceFromMedian": -44.42 }, { "metric": "1W RR25 level", "asset": "AVAX", "value": 1.41, "groupMedian": 4.1, "distanceFromMedian": -2.69 } ], "relativeValueObservation": null, "historicalContext": { "minimumObservations": 20, "observations": 19, "oneWeekAtmIvLevelDispersionPercentile": null, "oneWeekAtmIvChangeDispersionPercentile": null, "oneWeekRr25LevelDispersionPercentile": null, "termStructureDispersionPercentile": null, "ivMinusRealisedDispersionPercentile": null, "availabilityNote": "Cross-sectional percentiles require 20 prior aligned reports." }, "correlations": { "metric": "spotMove24hPercent", "minimumObservations": 10, "lookbackObservations": 30, "pairs": [ { "assets": [ "XRP", 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"selected": false, "eligible": true, "checks": { "verifiedSourceMetadata": true, "contentKind": true, "status": true }, "inWindow": true, "reportRelevant": true, "decision": "editorial-selection" }, { "eventId": "25a68df9-704b-4df1-bb44-7decc10d0171", "selected": false, "eligible": false, "checks": { "verifiedSourceMetadata": true, "contentKind": true, "status": true }, "inWindow": true, "reportRelevant": false, "decision": "ineligible" }, { "eventId": "96ec4d09-d2c9-4d4a-8932-10b22ed20e58", "selected": false, "eligible": true, "checks": { "verifiedSourceMetadata": true, "contentKind": true, "status": true }, "inWindow": true, "reportRelevant": true, "decision": "editorial-selection" }, { "eventId": "e5dca28c-2e6c-461d-9f59-dabdef136bbc", "selected": false, "eligible": false, "checks": { "verifiedSourceMetadata": true, "contentKind": true, "status": true }, "inWindow": true, "reportRelevant": false, "decision": "ineligible" } ], "planRationale": "The official FOMC decision is useful broad context but the requested constituent reactions were unavailable, so it is not a causal attribution. XRP developer-kit reporting was retained but is single-source, low-catalyst and insufficiently material for the cross-asset thesis." }, "items": [ { "id": "9ba43838-ddbf-447a-bc99-fd76706bb620", "sourceId": "fed_monetary_policy", "publisher": "Federal Reserve", "title": "Federal Reserve issues FOMC statement", "url": "https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm", "publishedAt": "2026-09-16T18:00:00+00:00", "summary": "Federal Reserve issues FOMC statement", "matchedTerms": [ "Federal Open Market Committee", "Federal Reserve" ], "topics": [ "macro", "central_bank_decision" ], "sourceKind": "official", "rightsStatus": "link-and-summary", "selectionScore": 63, "quality": { "eligible": true, "score": 62.7, "checks": { "verifiedSourceMetadata": true, "contentKind": true, "status": true }, "sourceCount": 1, "sourceQuality": 0.8987, "signals": { "confidence": 0.71, "importance": 0.67, "novelty": null, "corroboration": 0.0, "sourceQuality": 0.8987, "effectiveSourceQuality": 0.8987, "catalystScore": 0.4275, "effectiveCatalystScore": 0.4275, "contentKind": "catalyst", "status": "confirmed" }, "thresholds": { "minimumConfidence": null, "minimumImportance": null, "minimumSourceQuality": 0.58, "minimumCatalystScore": null, "minimumMediaReliability": 0.6 }, "policy": "source-backed-context-v1", "role": "context", "attributionRequired": false }, "relevanceReasons": [ "Source-backed reporting relevant to ALTS" ], "selectionReason": "Selected as contemporaneous report context; association is not proof of causation.", "canonicalEventId": "9ba43838-ddbf-447a-bc99-fd76706bb620" } ] }, "newsStatus": "context", "researchDossier": "/Users/seangordon/code/report-publisher-harness/runs/2026-09-17-20260917T163943Z/editorial/dossier.json" }