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8/31
16:58
Donald Trump stated that he has great respect for Federal Reserve Chairman Kevin Warsh and believes Warsh would do his duty. However, he also pointed out that he believes interest rates in the United States are too high.
16:58
Blockchain data reviewed by CoinDesk indicates that wallets linked to North Korea’s Lazarus Group have sold more than $30 million in Bitcoin on the Hyperliquid platform within the last three weeks. This activity occurs as former President Trump advocates for bringing crypto platforms back to the U.S.
16:57
MarketWatch analysis, referencing a note from Oppenheimer & Co., indicates that the S&P 500 has a technical chance to dodge a significant loss in September, a month historically turbulent for U.S. stocks. Oppenheimer noted that September's weakest returns typically occur when the index begins the month below its 200-day average, which is not currently the case.
16:55
The Bloomberg Dollar Spot Index fell 0.9% in August, extending July's 1.3% decline and marking its longest losing streak since February. US Treasury Secretary Scott Bessent publicly stated on Monday that he and Federal Reserve Chairman Warsh are "on the same page" regarding bond issues. This follows Bessent's announcement earlier this month to expand the Treasury buyback program, which fueled market speculation that US policy aims to weaken the dollar. Despite Warsh's pledge last Friday to restore US inflation to the 2% target, which led to a significant single-day jump in the dollar, the currency fell back by 0.2% on Monday. Traders have increased their bets on a Federal Reserve rate hike this year, with the market pricing in over a 50% probability of a September hike.
16:55
The index rose 3.3% in August, marking its largest gain for the period since 2004. Global investors seeking to diversify their exposure to dollar-denominated assets drove capital inflows into emerging markets, while the ripple effects of the artificial intelligence boom also boosted the rally. However, the index edged down 0.1% on Monday due to escalating tensions in the Middle East and renewed expectations of a Federal Reserve rate hike. Money markets are currently pricing in a more than 60% probability of a 25 basis point rate hike in September.
16:44
Middle East tensions escalated as the U.S. conducted an attack on Sunday, targeting missile launchers on an island in the Strait of Hormuz, marking the first such strike against Iran in about a month. Shortly thereafter, missiles were fired at Jordan. This geopolitical development pushed Brent crude futures above $90, while stocks fell and long-dated bond yields, including the 10-year U.S. Treasury yield, rose to near 20-month highs.
16:40
Coinbase CEO Brian Armstrong stated that the Clarity Act delivers clear rules for crypto, which most banks realize is an opportunity rather than a threat. He emphasized that the benefit for everyone is having the crypto industry built in America.
16:23
The proposal, passed last Friday (August 28) with over 67% approval, is expected to reduce SOL issuance by approximately 18.9 million over the next six years. Concurrently, Solana network fees (denominated in SOL) reached an all-time high seven-day average of nearly 9,200 SOL on Thursday, August 27, while non-vote transaction volume also hit a record seven-day average of 191 million transactions. Following the proposal's passage, staking rewards are projected to decrease from approximately 5.25% to 2.25% within three years. This could render many validators unprofitable, particularly small independent operators who rely on inflation revenue rather than transaction fees.
16:16
According to a legal filing, Apple claims a defendant in its trade-secret case against OpenAI accessed a proprietary power-converter circuit schematic and used confidential Apple information to train an AI agent while at OpenAI. Apple states new evidence supporting this came from a MacBook provided by OpenAI on August 21 during legal proceedings, and is asking a U.S. federal court to expedite discovery in the case.
16:15
The U.S. Department of Defense has launched customized versions of OpenAI's ChatGPT and xAI's Grok on its GenAI.mil portal, available to 3 million civilian and military personnel. These tools have been specifically tailored to meet "warfighter needs" and are offered alongside Google's Gemini, which was previously available on the portal. GenAI.mil is a secure, centralized portal designed to allow DoD employees to access commercial frontier AI models while preventing sensitive government data from being transmitted through ordinary consumer channels. The DoD stated that the portal has attracted over 1.7 million unique users.
16:13
The activist US hedge fund is targeting the industrial giant for a new campaign.
16:03
U.S. Treasury yields rose across the board, with the 5-year yield climbing to its highest level since early 2025. This followed Federal Reserve Chairman Warsh's distinctly hawkish remarks at the Jackson Hole symposium last Friday, where he emphasized price stability as the Fed's core responsibility. Meanwhile, international crude oil futures rebounded on Monday due to military conflict between the U.S. and Iran, with Brent crude briefly surpassing the $90 mark and rising nearly 4% on the day, further strengthening the market's "inflation + rate hike" trade. Federal funds futures pricing now indicates that the probability of a Fed rate hike in September has increased to approximately 64% from about 35% before Warsh's speech.
16:03
U.S. Vice President Vance stated on Monday that Donald Trump's previous social media post, which showed a video of Iran's Kharg Island being bombed, was "sending a message to Iran" rather than announcing that the U.S. had taken military action against the island. U.S. officials confirmed that recent American military operations have not targeted Kharg Island.
16:03
Iranian Foreign Minister Araghchi stated on Monday, August 31, on his official Telegram channel that the United States must recommit to the Memorandum of Understanding signed between the US and Iran in June, returning to the framework of the agreement personally signed by US President Donald Trump, as a prerequisite for exiting the current situation. He also emphasized that all countries share a common concern about the urgent need to end the war.
16:02
As of last Friday, the Bloomberg Agriculture Spot Index, which tracks 10 major agricultural commodities, had risen by over 13% in August. Wheat prices surged to a three-year high due to disruptions in Black Sea port exports following attacks. Sugar and cocoa prices also climbed by approximately 20%, boosted by the strengthening El Niño phenomenon. The market is concerned that this round of price increases, coupled with higher energy and transportation costs driven by the Middle East conflict, will lead to further rises in the prices of everyday food items such as bread, meat, and dairy products.
16:02
Lou Crandall, a senior economist at Wrightson ICAP, stated in his latest report that the U.S. Treasury faces pressure to promptly clarify its remaining government bond buyback plans for the current quarter to avoid catching the market off guard again. He emphasized that early clarification of the buyback schedule is crucial for maintaining the Treasury's principle of "regular and predictable" market communication. Delaying key information until September 9, by which time 10-year and 30-year government bonds would have been trading for several days, would raise market concerns about another sudden news shock. On Monday, the U.S. 10-year government bond yield surpassed 4.75% for the first time since January 2025.
16:00
The yield on the 10-year Treasury note rose above 4.75% on Monday, marking its highest level since mid-January 2025. This surge occurred as the Iran conflict intensified and Brent crude prices reclaimed $90 a barrel, contributing to a broader selloff in long-dated Treasurys and pushing stocks lower for a second consecutive session.
15:51
Donald Trump stated that the Iranian people do not truly understand their leaders.

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