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BlockBeats message: On September 11, according to Bitget market data, oil prices surged more than 6% on Thursday, with both Brent and WTI crude oil futures rising to above $100 per barrel. The settlement price for Brent crude’s November futures rose by $6.42, up 6.34%, to $107.63 per barrel. WTI crude’s October futures rose by $6.43, up 6.69%, to $102.48 per barrel. Both major benchmark crude prices reached their highest levels since May 19 and recorded their largest single-day gain in nearly two months.
Reports say that on Thursday, the Houthis took control of Yemen’s Mukha port, which may further threaten shipping in the Red Sea. Meanwhile, as attacks on oil tankers have intensified in the Gulf region in recent days, shipping through the Strait of Hormuz remains restricted.

BlockBeats reported that on Friday, September 11, ahead of the release of the US CPI, the bond market moved first. The yield on the 10-year US Treasury rose to 4.943%, and the probability of the Federal Reserve raising rates next week increased to 71%. Rising oil prices and inflation pressure are making the market worry that the Fed may tighten policy again. As a result, US stock market investors need to deal simultaneously with pressure from the bond market, stubborn inflation, oil prices pushed up by war, and uncertainty regarding the Fed’s interest-rate path.
According to HTX market information, the crypto market continues to undergo a pullback. Bitcoin has fallen below $77,000, and is currently at $76,700. Ethereum is currently at $2,440. BNB is currently at $710.5. SOL is currently at $99.03. ZEC is currently at $1,083, down 13.6% over the past 24 hours. The total market cap of cryptocurrencies has declined 0.9% over the past 24 hours to $2.727 trillion.

BlockBeats message: On September 11, in the U.S. Treasury Secretary Bessent’s first expanded-scale Treasury repo operation, the amount of long-dated Treasuries purchased fell below investors’ expectations, intensifying the sell-off and pushing U.S. long-term Treasury yields to their highest levels in years.
On Thursday, the U.S. Treasury conducted a repo purchase of $5.187 billion in 10- to 20-year Treasuries, below the previously announced maximum repo size of $6 billion. After this operation, the yield on the 10-year U.S. Treasury rose to the highest level since 2023. During the operation, investors submitted bond sell offers totaling $10.5 billion to the Treasury. Although the Treasury was not required to buy the maximum amount, this marked the third time—out of 53 long-bond repo operations since the plan was reinstated in 2024—that it chose not to buy up to the cap.

BlockBeats message: On September 11, according to a report by CBS News, Trump previously put forward an idea that if the Republican Party can retain control of the House and the Senate after the midterm elections, he would give every U.S. citizen a $5,000 "Trump dividend."
The day after he proposed the idea, when a reporter asked whether the money would need congressional approval, Trump said: "Well, we think it doesn't. If it does, they will definitely do it, but we think it's not necessary. The country is currently doing well; we have earned tens of trillions of dollars in revenue through tariffs and other channels. Now, the total value of manufacturing factory construction and other types of investments in the United States has exceeded $2 trillion—far more than at any other time in the past. We think this is a good thing. However, we have one condition: the funds must be spent within the United States—we don't want this money to flow to other countries. We think this is a very good initiative, widely welcomed, and it will inject strong momentum into the economy."

BlockBeats News: On September 11, U.S. Treasury Secretary Bessent played down the market’s concerns that the scale of Thursday’s Treasury repurchase operation was lower than expected, and also eased worries about a sharp rise in U.S. Treasury yields.
Bessent said that the U.S. Treasury market is currently in "very good shape." He specifically pointed to the strong performance of two Treasury auctions held over the past few days. He also reiterated that the correlation between bonds and energy prices in recent times has been unusually high. Earlier, the yield on two-year U.S. Treasuries reached the highest level since 2024, and the yield on 10-year U.S. Treasuries also rose to a high since 2023. Factors that triggered this selloff include a surge in crude oil prices and fewer-than-expected Treasury bonds being actually repurchased by the Treasury Department.

BlockBeats report: On September 11, the Trump administration announced on September 10 that it would issue a one-time “refund” of $500 to nearly one million (Affordable Care Act) (Obamacare) enrollees, with delivery expected in October, just weeks ahead of the U.S. midterm elections.
The main recipients that meet the criteria are consumers who purchase Obamacare insurance through HealthCare.gov, whose income is about 4 times above the federal poverty line and who did not receive federal subsidies, covering 30 states. The White House said the money is a refund of previously collected but unused federal government healthcare marketplace operating fees, and believes the related costs are ultimately borne by consumers.

BlockBeats message: On September 11, the European Securities and Markets Authority (ESMA) released its latest risk report, stating that major prediction market platforms such as Polymarket and Kalshi currently do not hold the authorizations typically required under EU law to offer event contracts to users.
ESMA noted that the regulatory classification of event contracts depends on the specific product. They may be deemed financial instruments, crypto assets subject to the MiCA framework, or fall under member states’ gambling regulations. If they are classified as financial instruments, they generally qualify as derivatives and may also trigger EU retail restrictions on binary options.

BlockBeats News. On September 11, according to TradingBeats monitoring, whale address 0xfc...59d9d is currently heavily weighted toward two crude oil long targets, with a combined position value of about $47.16 million and a current total unrealized profit of approximately $3.29 million. At present, this address is the largest long holder on Hyperliquid for both WTI crude oil and Brent crude oil.
Additionally, this address holds approximately 189,600 WTI crude oil xyz:CL contracts’ 20x long positions, with a position value of about $18.80 million, an opening average price of roughly $92.07, and an unrealized profit of approximately $1.3475 million; it also holds about 272,500 Brent crude oil xyz:BRENTOIL contracts’ 20x long positions, with a position value of about $28.36 million, an opening average price of approximately $96.94, and an unrealized profit of around $1.9465 million.

BlockBeats news: On September 10, payments giant MoneyGram will launch a stablecoin-backed card. Customers can use the card to pay at merchants that accept Visa. The card will first be rolled out in Colombia and is planned to expand to other markets in the coming months.
Users can register via the MoneyGram app, add the e-card to a mobile wallet, and make purchases online or in physical stores. They can also send transfers to themselves and withdraw cash in local currency at MoneyGram locations.
This card will initially support Circle’s USDC, followed by its own stablecoin MGUSD. MoneyGram says it plans to launch a physical card later this year, and the card will also support ATM withdrawals. The card is co-developed by MoneyGram, stablecoin payments company Rain, wallet provider Crossmint, and the Stellar blockchain.