U.S. stocks are closed for Labor Day on Monday, precious metals and crude oil futures closed early, and the weekend news was mainly centered on the Middle East.
OPEC+ met on Sunday and kept October output unchanged. Tensions between the U.S. and Iran are still not cooling down: the U.S. military continues its maritime blockade and is diverting commercial ships, with F-35s on patrol; Iran says it will not surrender and has also publicly released actions targeting unmanned boats. Oil prices are holding steady for now, with Brent around 94.5 and WTI around 89.3. Spot gold is 4431 (-0.95%), silver 66.2 (-1.16%), and the U.S. dollar index at 99.16, slightly stronger.
Bitcoin spent the weekend grinding between 79,700 and 80,200, without really breaking above 80,000. Ethereum followed and briefly tested 2,500. Funds are more active in the altcoin sector: ZEC remains strong and pushed higher again over the weekend; BNB and ARB also had independent moves. Major coins are flat while altcoins move, a typical sector rotation.
On the domestic front, the Ministry of Finance issued special government bonds to inject capital into 8 central state-owned financial institutions, with a total capital increase of 360 billion yuan. This is neutral to mildly positive for risk assets, but it won’t solve near-term problems.
For the short term, keep an eye on two things: whether the Middle East sees another surprise that pushes oil prices higher, and how rate-cut expectations move after U.S. stocks open on Tuesday.
Let's analyze it calmly📊I bought this cat yesterday because it had enough room for imagination, and it has indeed performed very well all the way, even making me expect it to reach Alpha. Today, at a market cap of 10 million, it should have been sold. Then Hachimi suddenly came out of nowhere. Hachimi was originally also part of the cat concept, and now Hachimi has already been listed as a perpetual contract, with spot trading to follow! Two cats on the same chain, so my imagination for the construction cat is no longer there🤯
超人不会飞2020
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I'm so upset and speechless 🫥 Which big player is dumping this, crashing it from 16 million down to 5 million! I can’t see a 50 million market cap anymore. In the end, there’s only 2700U profit left, and I’m going to run too!!!
Let's talk about the meme trading ledger: (Robinhood chain) In the morning I bought the scam coin SLINK, put in $1200 and got $200 out. With the remaining 200U, I used 100U to buy HOVER, which performed so-so, and the other 100U to buy par, which doubled and let me recover the principal. Overall, I was down 900U in the morning.
(BSC chain) In the afternoon, after the livestream ended, I started looking for memes again and saw Sue. I threw in two BNB, and after dinner I exited after it nearly tripled, recovering the principal. Today's happiness was given by the BSC chain🫶
US stocks: The three major U.S. stock indexes all rose more than 1% overnight.
Dow +1.18%, S&P +1.06% near 7,748, and Nasdaq +1.4%.
<$TSLA > rose 5.4%, <$SPCX > rose 6.4%, and Nvidia climbed 1.8%.
Dell surged more than 15% the day before after raising guidance for its AI servers—momentum still lingering.
The U.S. Dollar Index fell about 0.6%, closing around 98.9.
Spot gold rose nearly 2%, to around $4,470–$4,490 per ounce, and ETFs continued to add holdings.
Crypto: <$BTC > was pulled up from around 76k, and it has already broken above 81k, briefly touching 82k during the session.
ETH and SOL also followed higher, with overall risk appetite ticking up a bit.
Fed Governor Waller sounded fairly dovish: In September, he’s more inclined to keep rates unchanged, and the key will be next week’s CPI. Rate-hike expectations were pushed back to around a 50/50 split.
One key thing to watch tonight is—U.S. August nonfarm payrolls.
Data will be released at 20:30 Beijing time. The strength or weakness of employment will directly shape pricing ahead of next week’s policy meeting: weaker data may continue to push risk assets higher, while stronger data could bring rate expectations back up.
September is always hard to navigate—let the data speak first.
September 3rd, Binance Alpha 30-Day New Token Trading Competition
👏👏Follow on-chain market trends and join #ALPHA to farm “airdrop/fees” and punish the target. You can trade directly using your Binance Web3 wallet. Use the superhuman invite code SSSYYY to automatically get 30% off. If you don’t know how, please follow the instructions in Image 2 and Image 3, or join the group chat to exchange ideas and learn together.
DOS: 6 days left. FDV is $240 million. Today’s 24-hour trading volume is just over $4 million, and the price is down 5.5 percentage points. Yesterday, the amount for limit orders was 970 million; today it shrank to 18 million.
TMX: 21 days left. The trading competition ends in 6 days. Current price is 0.1135, up 3.78%. Trading volume is around $9.6 million, and FDV is $113 million.
Here comes this Chinese meme “Niu Lai,” with 14 days left. Trading volume is $26.7 million, price down 13.75%, FDV is $75 million.
DEBIT: 22 days left. $246 million traded, up 13%. FDV is just over $200 million; the price has reached 2 dollars.
FLORK: 29 days left. Up by nearly 90%. Trading volume is $18.5 million, FDV is $18 million.
KII: 10 days left. Trading volume is $1.69 million, up less than 4%. FDV is $112 million.
September 2nd, Binance Alpha 30-day new token trading competition
👏👏Follow on-chain market activity and participate in #ALPHA to farm rewards. You can trade directly using your Binance Web3 wallet. Use the super special invite code SSSYYY to automatically get 30% off. If you don’t know how, please follow the steps in Figures 2 and 3, or join the group chat to exchange ideas and learn together.
DOS, 7 days left. Price: 0.2567. It’s down 5 percentage points in the past 24 hours. Trading volume: over 5 million. Today’s limit order: 28 million. Yesterday: 970 million. FDV is still listed at 250 million.
KII, 11 days left. Down -0.28%. Price: just under 0.06. Trading volume: 5.5 million. Limit order dropped from yesterday’s 6.7 million down to today’s 220,000. FDV: slightly over 100 million.
TMX, 22 days left. 0.109, down 4.4%. Trading volume: 14 million. Limit order dropped from 30 million to 150,000. FDV: 109 million.
QUID, 1 day left. Trading volume is only 160,000. Today’s limit order is 206. Yesterday there were 7,000. Price: 0.065. FDV: 65 million.