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US stocks closed lower on Thursday as US oil prices broke above $100 a barrel amid growing concerns that a prolonged war in the Middle East could worsen inflation, according to Sina Finance. The Dow fell 316.559 points, or 0.60%, to 52,064.102; the S&P 500 dropped 44.660 points, or 0.58%, to 7,591.700; and the Nasdaq lost 171.615 points, or 0.65%, to 26,081.725.
With the US-Iran war now in its seventh month, high oil prices continued to weigh on market sentiment. West Texas Intermediate (WTI) crude settled at $102.48 a barrel, up 6.7%, while Brent crude futures rose 5.9% to close at $107.63. These were the highest closing prices for both benchmarks since May 19.
Since the Iran war began in late February, WTI has risen 52.9% and is up 78.5% year to date. Thursday's oil surge pushed the 10-year US Treasury yield above 4.95%, its highest level since October 2023.
High-beta chip stocks that had led the bull market moved lower on concerns that rising rates and oil prices could drag on economic growth, with Intel down more than 5% and Micron Technology off 4.7%.
A mild wholesale inflation report failed to ease worries over rates and oil. The Producer Price Index (PPI) rose a seasonally adjusted 0.4% month over month in August, in line with consensus expectations, while the annualized rate came in at 5.4%, still well above the Federal Reserve's 2% inflation target.
The report was released ahead of Friday's closely watched Consumer Price Index (CPI), with both figures feeding into the Personal Consumption Expenditures (PCE) price index, which will not be released until after the Fed's September 16 rate decision.
According to the CME FedWatch tool, federal funds futures priced a 73% probability of a 25 basis point hike after next week's meeting. The major indexes had fallen for three straight sessions after the US Treasury said it would buy back up to $6 billion in longer-dated debt, three times the usual size; less than a month earlier, the Treasury had said it would more than double a $2 billion government debt buyback.

According to Jin10, U.S. August producer price index annual rate rose to 5.4%, above the expected 5.3%, while the previous reading was revised from 4.70% to 4.8%.

Saudi Arabia told OPEC its crude production fell by another 1.9 million barrels per day last month to 6.238 million — the lowest figure since 1990, per Bloomberg.
WTI crude rose 4.25% to $100.11 a barrel, its first close above $100 since May. Brent climbed beyond $105, also a first since May.
Bitcoin fell 3.4% over 24 hours to $76,750. Nasdaq 100 futures dropped 1.3%, gold slipped 0.5% and silver fell more than 4%.
The Two-Year at 4.50% Is Pricing a Cycle, Not a Hike
The most consequential number of the session sits in the short end.
The US two-year yield jumped another seven basis points to 4.50%, a level not seen in more than two years. That places it nearly 100 basis points above the fed funds target range of 3.50%-3.75%.
A two-year trading a full percentage point above the policy rate is not a market pricing one 25 basis point move. It is a market pricing a sequence.
Expectations for a hike at next week's meeting rose to 76%, well above last week's peak. The 10-year reached 4.92%, up 11.4 basis points, and the 30-year rose 7.6 basis points to 5.362%. The selloff is global, with yields across the West and Japan at or near multi-year highs.
Core PPI Came in Softer and the Bond Market Ignored It
The inflation data cut against the move, which makes the selloff more telling.
Core PPI rose just 0.2% in August against 0.3% expected and 0.3% in July. Market strategist James Thorne noted the actual figure was 0.162%, rounded up by the BLS — the second-lowest core PPI reading in a year.
Headline PPI rose 0.4%, in line with forecasts but up sharply from 0.1% in July. Year-over-year, PPI hit 5.4% against 5.3% expected and 4.8% prior, with core PPI at 4.6% against 4.3% in July.
The pattern is the same one CPI is forecast to show Friday: headline accelerating on energy while core holds. A softer core print doing nothing to slow the bond selloff suggests traders have stopped treating core as the operative measure.
21Shares senior crypto research strategist Matt Mena said the hotter headline was not much of a surprise given recent oil moves, and flagged Friday's CPI as the bigger test — a number that could determine whether investors remain willing to take risk into quarter-end.
The Treasury Accepted Less Than It Offered to Buy
The buyback result deserves attention.
Treasury received $10.5 billion in tenders against its announced intent to repurchase up to $6 billion, and accepted $5.2 billion.
That is a program twice oversubscribed, in which the buyer declined roughly $800 million of its own stated ceiling. Since the program's 2024 reintroduction it had bought the full amount in 50 of 52 operations targeting long-term nominal debt.
Yields sat near session highs afterward.
Druckenmiller Says Yields Are Too Low, Not Too High
Stan Druckenmiller told a private audience that Fed members describing policy as restrictive are "just ridiculous," according to the Financial Times.
"If anything, [bond yields seem] a little low," he said. "I believe in common sense, and all you have to do is look at [surging] asset prices around the world."
The relationships make the comment unusually pointed. Druckenmiller is a longtime colleague and mentor to both Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh. He has already criticised Bessent publicly for attempting to suppress long-term rates, and Bessent responded by suggesting Druckenmiller was talking his book and likely losing money on a trade.
Rates have moved higher since Bessent's effort to cap yields began, with the 10-year now at 4.92% against roughly 4.75% in mid-August.
Timiraos: Markets Are Pricing a Hike Warsh Never Promised
The Wall Street Journal's Nick Timiraos identified the structural problem underneath the repricing.
"Warsh's Jackson Hole speech convinced investors a rate hike was more likely but didn't tell them what would trigger one," he wrote, as fixed-income traders rushed to hedge against not just a hike next week but a full cycle.
"This leaves Friday's inflation report viewed as the thing that will authorize or block a rate hike — the kind of decision-making Warsh has spent years arguing against."
That is the irony of the position. Warsh rejected forward guidance because he believed it constrained the Fed's freedom to act. The absence of guidance has instead handed a single data release the power to determine policy.
Former senior Fed economist Vincent Reinhart put it more colourfully: "This is the market testing you. This is the 'double-dog' daring you. This is straight schoolyard."
The ECB Hiked and Lifted Its 2027-2028 Inflation Outlook
The European Central Bank raised rates 25 basis points as fully expected, lifting the Main Refinancing Operations Rate to 2.65% from 2.40% and the Deposit Facility Rate to 2.5% from 2.25%.
It also raised its inflation outlook for 2027 and 2028 while leaving 2026 unchanged.
"The outlook remains highly uncertain, with risks to the upside for inflation and to the downside for economic growth," the bank said. The euro slipped to $1.1615.
Deutsche Bank chief European economist Mark Wall said another ECB hike in December now looks "more likely than not," though higher gas prices complicate the picture by adding to near-term inflation while pressuring growth later. "The question is how much and when," he said of the hit to output.
Crypto Equities Held Up Better Than Semiconductors
The relative performance within the selloff is worth noting.
Strategy fell 1.5%, Bullish 0.2% and Coinbase 0.6% — modest declines against Bitcoin's 3.4% drop and a broad risk-off session.
Memory and semiconductor names took heavier damage. The Roundhill Memory ETF fell more than 4% and the VanEck Semiconductor ETF nearly 2%.
That inversion is unusual. Crypto equities typically carry higher beta than semiconductors in a risk-off move. Rate-sensitive long-duration assets bore the brunt instead, which is consistent with a selloff driven by yields rather than growth fears.
"You Can't Financial Engineer Your Way Out of a Shortage"
A chart circulating Thursday plotted a global bond index against a commodity basket, showing two distinct legs down.
The first came as governments printed currency during the Covid response. The second, still running, began when the US attacked Iran in February.
"COVID stimulus broke the bond bubble, the Iran War sealed its fate," read the annotation.
Marty Bent's summary: "The world needs more stuff, not more financialization. You can manipulate the price of money. You can't financial engineer your way out of a shortage of energy and raw materials."
That framing connects the Saudi production figure to the yield move directly. A supply shortage in physical commodities is not a monetary problem, and monetary tools do not resolve it.
New Clarity Act Draft Runs Past 600 Pages
A new draft of the Digital Asset Market Clarity Act is circulating among lawmakers ahead of Tuesday's procedural vote.
The text obtained by CoinDesk runs over 600 pages and includes changes to provisions addressing certain activities of decentralized finance and traditional finance firms.
It remains unclear whether the bill has the support to clear cloture on September 15. It needs 60 votes, and Democrats have continued to raise alarms about the lack of a bipartisan ethics agreement.
Polymarket Names Warren Jenson CFO
Polymarket appointed Warren Jenson as chief financial officer, reporting to founder and CEO Shayne Coplan.
Jenson has previously held the CFO role at Amazon, Electronic Arts, Delta Air Lines and NBC, most recently serving in senior roles at Nielsen and LiveRamp. He sits on the boards of Ripple, DigitalOcean and Dropbox.
He joins as Polymarket scales its CFTC-regulated US exchange and expands globally, overseeing finance, capital strategy and long-term planning.
Friday's CPI is the last data point before the September 15 cloture vote and the September 16 Fed decision.

Bitcoin's 50-day average price crossed above its 200-day average on Tuesday — the golden cross that had been forming since late August.
The token has fallen since, trading near $76,750 after Thursday's US session, down 3.4% over 24 hours as oil and bond yields surged.
Dogecoin led the majors lower, down more than 5%, followed by BNB at about 4% and XRP at 3%. Solana, Hyperliquid's HYPE and ether each shed between 1% and 3%, leaving ether just under $2,475 and Solana near $102. Tron was the only gainer, up less than 1% to about 34 cents.
FxPro Says This Crossover Resembles 2019, Not 2024 or 2025
The analytical distinction matters more than the signal itself.
FxPro analysts noted that similar crossovers in October 2024 and May 2025 produced nothing. What separates this one, in their view, is context: it follows a prolonged bull market rather than appearing inside a correction.
"The current situation bears a closer resemblance to what we saw in 2019," they wrote, pointing to a 90% rally in under two months after that signal.
The caveat that applies to every golden cross applies here too. Moving averages are computed from past closes, which makes any crossing a lagging signal by construction — the 50-day only rises above the 200-day after enough strong closes accumulate to drag it there. Confirmation arrives after the move, not before it.
That is visible in the current price action. The cross confirmed Tuesday, and Bitcoin has fallen roughly 2% since.
Oil Is Feeding Straight Into Rate Expectations
Brent climbed as high as nearly $102 in Asian trade after Iran said it was prepared for a more intense war, then pushed beyond $105 during the US session. WTI topped $100 for the first time since May.
The trigger was supply rather than rhetoric. Saudi Arabia told OPEC its crude production fell 1.9 million barrels per day last month to 6.238 million — the lowest since 1990.
The 10-year Treasury yield reached 4.92%, up 11.4 basis points, after holding near 4.85% earlier in the session. The two-year hit 4.50%, nearly 100 basis points above the fed funds target range of 3.50%-3.75%.
The US government's plan to buy up to $6 billion of longer-dated debt disappointed investors who wanted a bigger number. The operation drew $10.5 billion in tenders and Treasury accepted $5.2 billion — below its own ceiling despite being twice oversubscribed.
September hike odds have risen to 76%.
Equities Fell Globally
Asian stocks followed Wall Street lower, with the MSCI Asia Pacific Index down nearly 1% and benchmarks in Japan, South Korea, Taiwan and Australia all declining.
The S&P 500 closed down about 1% Wednesday with the Nasdaq 100 slipping less. US and European futures edged higher before Thursday's session turned lower again, with Nasdaq 100 futures down 1.3%.
Memory and semiconductor names took the heaviest damage in the later session — the Roundhill Memory ETF fell more than 4% and the VanEck Semiconductor ETF nearly 2%.
Crypto equities held up comparatively well, with Strategy down 1.5%, Coinbase 0.6% and Bullish 0.2%.
The Dollar Has Stopped Getting an Oil Bid
The currency picture contains the session's subtler signal.
The dollar index stayed in the 98 handle with intraday gains failing to stick. The greenback is no longer picking up the bid that high oil handed it earlier in the conflict.
That is a meaningful shift. Through the earlier phases of this conflict, oil spikes drove dollar strength through the safe-haven channel. Higher crude now pushes yields up without lifting the currency, which suggests markets are treating the energy shock as a US inflation problem rather than a global risk event.
Attention in currencies sat on the yen, back in the 150 zone per dollar after Treasury Secretary Scott Bessent's warning — a continued reversal from the 160-plus level it breached in early September.
The Canadian dollar pushed the greenback below 1.38 as retaliatory tariffs took effect and the US banned some Canadian imports.
Friday's CPI Decides Whether the Hike Gets Priced
CPI is the next input, and a hot print would put a Fed hike back into the price of everything that fell.
Headline inflation is forecast at 0.4% month-over-month, largely on the energy shock, with core holding at 0.2%. Core PPI came in softer than expected Thursday at 0.2% against 0.3% forecast — and did nothing to slow the bond selloff.
Fed officials are already in communications blackout ahead of the September 16 decision, with a Clarity Act cloture vote falling the day before.
For the golden cross to resemble 2019 rather than 2024, Bitcoin needs the macro backdrop to stop working against it. Friday is the first opportunity for that.

US producer prices rose 0.4% in August and 5.4% year over year, while initial jobless claims came in at 206,000, rattling markets and sending gold, Bitcoin and the S&P 500 lower. According to BeInCrypto, spot XAU/USD fell more than 1% toward $4,350 after trading above $4,400, while the 10-year Treasury yield climbed above 4.9% and CME FedWatch priced a roughly 70% chance of a September rate hike. The next test is Friday’s US CPI.

Concentration among top-tier crypto assets has returned to 2021 levels.
Excluding stablecoins, the seven largest assets — the "crypto MAG7" — hold 92.1% of Top 100 market capitalization. Bitcoin alone accounts for 66.6%, significantly higher than five years ago.
That leaves 7.9% for the remaining 93 assets combined. Market growth is becoming increasingly dependent on a small group of the largest names, while the broader altcoin market attracts a much smaller share of capital.
The Denominator Behind the 66.6% Figure
Bitcoin dominance is widely quoted around 59.2%. Both figures are correct — they measure different things.
The 59.2% reading divides Bitcoin's market cap by the total crypto market, including stablecoins and every asset outside the top 100. The 66.6% figure uses a narrower denominator: the Top 100 with stablecoins stripped out.
Removing stablecoins matters more than it sounds. They represent a large share of total market capitalization and are not a competing investment — nobody allocates to Tether instead of Solana. Excluding them isolates how risk capital is actually distributed across crypto assets.
On that measure, two-thirds of it sits in one asset.
Leverage Is Going Where Spot Capital Is Not
The concentration data sits in direct tension with what derivatives markets have been doing, and the gap is the most interesting thing here.
Altcoin perpetual futures open interest passed Bitcoin's on September 6 for the first time since December 2024 — roughly $40 billion against Bitcoin's $23.9 billion, per Coinalyze. Altcoins outside the top 10 gained more than 10% in combined market cap since the start of September. Bitcoin dominance has fallen for five consecutive sessions.
So altcoins are attracting leverage while spot capital concentrates further into Bitcoin and the six assets behind it.
That combination is not stable. Leveraged positions in thin markets require spot depth to exit into, and the concentration figures indicate that depth is thinner than the derivatives activity implies. A token carrying $2.4 billion of open interest against a small fraction of Top 100 market cap has a considerably worse liquidation profile than one carrying $23.9 billion against 66.6% of it.
The 2021 Comparison Cuts Both Ways
Returning to 2021 concentration levels is a fact rather than a verdict, and the reference period supports opposing readings.
Early 2021 saw high concentration that subsequently broke down as capital rotated outward through the year. That is the bullish version — concentration preceded dispersion, and altcoins were where the returns went next.
Late 2021 saw comparable concentration precede a cycle top. That is the bearish version.
The mechanism matters more than the ratio. Concentration rising because Bitcoin is outperforming is a different condition from concentration rising because altcoins are losing capital. Bitcoin gained roughly 22-25% across August, and altcoins outside the top 10 also rose. Both moved up, with Bitcoin moving further.
That is concentration by relative performance, not by capital flight.
ETF Access Is Part of the Mechanism
Institutional structure explains a meaningful share of the figure on its own.
Spot Bitcoin ETFs hold roughly $99.5 billion in net assets with $55.44 billion of cumulative inflows since the January 2024 launches. Ether ETFs have run their own multi-week streaks. XRP and Solana products exist at a fraction of the scale — XRP ETFs carry $1.69 billion cumulatively, a rounding error against Bitcoin's complex.
Capital entering crypto through regulated vehicles is structurally directed toward assets that have those vehicles. That mechanically concentrates flows into the largest names regardless of relative fundamentals, and the gap between Bitcoin's complex and everything else is wide enough to account for much of the concentration by itself.
Grayscale's ZCSH, the first US spot ETF for a privacy coin, holds over $414 million — evidence the wrapper is extending down the market cap curve, though slowly.
The Two Conditions That Would Break the Concentration
Two things would reverse it.
The first is broad-based altcoin outperformance sustained long enough to shift market cap share, rather than the narrow rotations visible now. The Altcoin Season Index sat at 24 to 26 through early September, firmly in Bitcoin-season territory, even as specific narratives — privacy coins, Arbitrum's revenue share, the DeFi lending complex — produced large individual moves.
Narrow participation is what that index measures, and the concentration data confirms it from a different angle.
The second is ETF access broadening materially, redirecting institutional flows down the curve. That process is underway but early.
Neither is likely to resolve before the September 15 Clarity Act cloture vote and the September 16 Fed decision, both of which will move the entire market together and tell us little about relative allocation.

The European Central Bank raised interest rates for the second time since the Iran war broke out in February, responding to signs inflation will stay well above 2%, according to Bloomberg. The deposit rate was lifted by a quarter-point to 2.5% on Thursday, as almost all economists in a Bloomberg survey had predicted, and the ECB reiterated it will not pre-commit to further steps, deciding one meeting at a time as data arrive. The Middle East conflict continues to generate inflation pressures, the bank said, with inflation set to remain well above target for an extended period and the outlook highly uncertain — risks tilted to the upside for inflation and the downside for growth.
The move puts euro-area policymakers further ahead of their peers in reacting to an energy-price surge that has produced the fastest inflation in almost three years, contrasting with the Federal Reserve and the Bank of England, which have yet to tighten over the Middle East fighting and may hold again next week. Traders ramped up bets after the announcement and now price three further hikes by October 2027. Fresh projections show inflation averaging 3% this year before slowing to 2.5% in 2027 and 2.1% in 2028, while the full-year growth forecast was upgraded to 0.9% after a strong second quarter.
With oil hitting $105 a barrel and European natural gas at levels last seen after Russia's invasion of Ukraine, consumer prices in the 21-nation bloc rose 3.3% from a year earlier in August. There were more encouraging signals too, as underlying inflation, a closely watched services-price gauge and wage pressures all eased — which should reassure officials who argued in July that a "mildly restrictive" stance may be needed, requiring the deposit rate to rise beyond the 2.5% seen as broadly neutral.
Governing Council members signaled more may be coming: Lithuania's Gediminas Simkus said the ECB is unlikely to be done, while Bulgaria's Dimitar Radev called December's meeting "live." The economy's resilience could ease the path, with output up 0.6% in the second quarter after a sharp revision to Irish data and manufacturing expanding at its fastest in more than four years on digital investment and public spending. Moody's Analytics' Kamil Kovar said the ECB's acknowledgement of unexpected strength, alongside forecasts for faster inflation, suggests the Governing Council is open to raising rates further. President Christine Lagarde, still linked to an early departure, was due to brief reporters in Berlin.

According to Jin10, Iran's Revolutionary Guards Navy commander said the Strait of Hormuz has been blocked by Iran and is under intelligence monitoring and smart control, and any hostile action will be struck.

White House crypto adviser Patrick Witt said the CLARITY Act still has a path through the Senate. According to NS3.AI, Witt remains optimistic about the Senate's Sept. 15 procedural vote.
Negotiations are continuing over stablecoin rewards, crypto ethics rules and law-enforcement concerns.

According to Jin10, U.S. continuing jobless claims for the week of August 29 were 1.774 million, below the expected 1.78 million, while the previous reading was revised from 1.779 million to 1.775 million.

A key measure of US producer prices rose less than forecast in August, according to Bloomberg, offering limited guidance as Federal Reserve officials debate whether to raise interest rates next week.

On Sep 10, 2026, 22:33 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 77,000 USDT and is now trading at 76,980.25 USDT, with a narrowed 1.29% decrease in 24 hours.

According to Sina Finance, U.S. Treasury Secretary Scott Bessent said the country will sanction a “big bank” on Monday. Bessent disclosed the information on Real America’s Voice and said, “Watch this space on Monday.”

Apple rose 3.56% on Thursday, with trading volume reaching $22.551 billion. According to Sina Finance, the company unveiled its long-awaited iPhone Duo foldable phone at a Wednesday keynote at its headquarters, and also showcased a broad set of AI features for the iPhone and Apple Watch.
Nvidia fell 2.26% as the U.S. Department of Justice investigates its technology licensing and talent-hiring arrangements with AI chip startup Groq. According to Sina Finance, people familiar with the matter said the DOJ has already sent Nvidia a formal information request, but the probe has not reached a conclusion and does not mean regulators have found the company violated the law.
SpaceX rose 0.43% after saying it plans to add more backup power and cooling systems before data centers go live, while reducing the use of temporary power and refrigeration equipment. According to Sina Finance, some existing facilities may also be redesigned.

Hyperliquid oil shorts are paying longs annualized funding fees of 500%, with the transfers occurring hourly between traders. According to NS3.AI, deeply negative funding rates indicate that short positions are overcrowded.
Oil rallied 6% today and is now 24% more expensive than 30 days ago.

European natural gas prices rose to their highest level since late 2022 on Thursday as escalating Middle East tensions fueled concerns about prolonged supply disruptions and winter fuel inventories. According to Sina Finance, benchmark gas futures briefly climbed 4.8% and advanced for a fifth straight session, while Asian prices also hit a more than three-year high.
Oil prices added to the upward momentum. U.S. President Donald Trump said the war may not end until after the U.S. midterm elections in November.
Tom Marzec-Manser, head of European gas and LNG at Wood Mackenzie, said the chance of a short-term resolution to the Middle East conflict is becoming increasingly remote. He said that means oil and gas prices will remain elevated and that this will ultimately raise living costs in many parts of the world.
European storage levels are about 67%, the lowest for the period since records began in 2009. As of 6:22 p.m. Amsterdam time, the Dutch front-month gas futures benchmark was up 3.3% at 81.86 euros per megawatt hour, while the UK equivalent rose 3.8% to 205.22 pence per therm and earlier touched its highest level since December 2022.

On Sep 10, 2026, 23:14 PM(UTC). According to Binance Market Data, BNB has dropped below 710 USDT and is now trading at 709.640015 USDT, with a narrowed 1.68% decrease in 24 hours.

U.S. Treasury prices fell on Thursday as oil prices jumped again amid rising tensions in the Middle East, with Brent crude surging to $107 a barrel. According to Sina Finance, PPI data also reinforced expectations that the Federal Reserve will raise rates at next week’s policy meeting, while a strong 30-year Treasury auction briefly slowed the decline before Treasury buyback results came in below expectations.
Short-end yields rose as much as 12 basis points after 3 p.m. in New York, with the curve flattening in a bear move and long-end yields up about 7 basis points on the day. Treasury buyback results showed the amount of 10-year to 20-year notes purchased by the Treasury was below the $6 billion maximum, and the 30-year auction’s stop-out yield was 2.7 basis points below the pre-auction trading level, with primary dealer take-up at a record low.

U.S. Treasury yields climbed to multi-year highs, drawing buyers to a $22 billion 30-year bond auction. According to Sina Finance, yields across maturities rose 7 to 15 basis points, with the 30-year yield reaching its highest level since 2007 and the 2-year yield hitting 4.58% for the first time since 2024.
Brent crude rose above $107 a barrel as Middle East tensions deepened supply concerns. According to Sina Finance, the global benchmark gained more than 6% at the close on Thursday and briefly topped $108 intraday, while WTI futures settled above $102 a barrel for the first time since May.
Apple used its Wednesday keynote to unveil the iPhone Duo foldable phone and highlight its AI strategy. According to Sina Finance, CEO John Ternus said the iPhone sits at the center of a broader ecosystem of intelligent features and experiences.
Nvidia CEO Jensen Huang said cybersecurity will be AI's next major market. According to Sina Finance, he made the remarks at a Goldman Sachs technology conference in San Francisco and dismissed concerns that some transactions may be circular.
U.S. producer prices rose 0.4% in August, the biggest monthly increase since May. According to Sina Finance, the Labor Department said the index rose 5.4% from a year earlier, while core PPI increased 0.2% month over month and 4.6% year over year.
The Pentagon's chief technology officer dismissed warnings about AI risks. According to Sina Finance, Emil Michael referred to a social media post by former Anthropic engineer Jacob Coxon and said fears about AI destroying humanity amount to fear of data centers and change.

Middle East tensions continued to escalate as Iran-backed Houthi forces took control of Yemen's Red Sea port city of Mocha on Thursday, further threatening global energy supplies, according to Ming Pao.
New York crude rose above $100 a barrel, while Brent crude climbed above $105 a barrel, both reaching their highest levels since May.

On Sep 10, 2026, 12:47 PM(UTC). According to Binance Market Data, BNB has dropped below 710 USDT and is now trading at 706.590027 USDT, with a narrowed 5.89% decrease in 24 hours.

According to Wallstreetcn, Mars, a U.S. medium-sour crude grade, surged on Wednesday to its strongest premium versus West Texas Intermediate since April, reaching $6.25 a barrel and rising more than $2 a barrel in each of the past two trading days. Mars crude has been closely tied to volatility from the Iran war as global buyers look for substitute grades to replace crude supply lost if the Strait of Hormuz is blocked, and it briefly surged to an $18 premium in early April.

According to Jin10, Meta Platforms (META.O) announced a cash dividend of $0.53 per share, payable on September 28, 2026.

According to Wallstreetcn, the S&P 500 Index fell for a fourth straight session, U.S. Treasury yields jumped, WTI crude surged 7% above $100, spot gold fell nearly 2% toward the $4,300 level, and silver dropped more than 5%.

According to Jin10, Apple raised prices for its existing iPhone lineup in India by as much as 41%, just hours before the launch of new models. Apple also raised iPhone prices in the U.S. on Wednesday evening, with increases ranging from 10% to 21%, and had previously said it planned to raise iPhone prices globally because memory and storage chip costs keep rising.

According to Wallstreetcn, U.S. Treasury Secretary Scott Bessent clarified his recent remark that he was “the house,” saying he was not challenging others to come after him, but trying to explain that he has better information and is working to provide the market with a good framework so it does not panic.

According to Jin10, Nvidia CEO Jensen Huang rejected questions at a Goldman Sachs conference about whether the company’s financing arrangements for data center and artificial intelligence infrastructure projects amounted to circular financing. He said the related transactions were a "very smart strategy" that helped Nvidia build distribution channels for its technology architecture, and added that Nvidia’s funding support for data center projects and AI infrastructure was intended to promote the application of its architecture in the market rather than simply recycle capital.

According to Jin10, U.S. crude oil futures settled at $102.48 per barrel, up $6.43, or 6.69%.

On Sep 10, 2026, 12:47 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 77,000 USDT and is now trading at 76,803.03125 USDT, with a narrowed 3.50% decrease in 24 hours.

According to Jin10, spot silver fell 5.00% intraday to $63.88 per ounce.

According to HKET, JPX and UDN, Asian index futures fell across the overnight session as crude oil pushed above $100 a barrel and U.S. equities dropped for a fourth straight day. WTI rose 6.7% to $102.48 and Brent gained 5.9% to $107.63 on Middle East tension and Saudi output at its lowest since 1990, while U.S. August producer prices rose 5.4% year-on-year and the 10-year Treasury yield neared 5% at 4.943%. CME FedWatch showed odds of a Federal Reserve rate hike on Sept. 16 climbing to about 73% from roughly 64% before the data; the European Central Bank raised rates 0.25%.
Nikkei 225 futures ended the Osaka Exchange night session lower. The near-month December 2026 contract closed at 63,870, down 1,220 points or about 1.87%, trading between a low of 63,770 and a high of 65,050 on volume of 9,109 as of 06:00 Japan time. (No Japanese media report on the night close was available; the figures are from JPX official data.)
Hong Kong's Hang Seng Index futures night session closed at 24,701, down 199 points, moving between 24,691 and 24,909 on volume of 14,183 for the near-month September contract. The Hang Seng China Enterprises-linked mainland gauge eased 0.7% to 5,788. Among Hong Kong-listed names in U.S. trading, the HSBC ADR fell about 1.25% to an equivalent HK$162.64, the Tencent ADR slipped 0.89% to HK$421.80, the Meituan ADR lost 1.13% to HK$73.91, and Alibaba's U.S. shares edged down 0.46% to HK$106.41 equivalent.
Taiwan's TAIEX futures led the declines. The near-month September contract fell 797 points, or 1.70%, to 46,072, swinging between a low of 46,015 and a high of 46,896, as the Philadelphia Semiconductor Index tumbled 2.66% overnight and TSMC futures fell NT$32.

US Treasury Secretary Scott Bessent dismissed concerns over Thursday’s smaller-than-expected debt buyback operation and downplayed worries about a jump in yields, according to Bloomberg.
He said Treasuries are strong.

According to Jin10, the U.S. Treasury bought $5.187 billion of 10- to 20-year Treasuries in Thursday's buyback, below the previously announced maximum repurchase size of $6 billion, and the 10-year Treasury yield rose to its highest level since 2023.

According to Jin10, GasBuddy said the U.S. national average diesel price has topped $6 a gallon for the first time.

According to Jin10, U.S. Treasury Secretary Bessent said investors did not demand an extra premium for holding longer-dated debt, and that the buyback size did not reach the amount he had previously mentioned because the Treasury only buys when prices are cheap.

According to Wallstreetcn, LME copper futures fell $534 to $14,234 per ton, aluminum fell $64 to $3,294 per ton, zinc fell $160 to $3,892 per ton, lead fell $14 to $1,901 per ton, nickel fell $231 to $16,666 per ton, tin fell $874 to $42,380 per ton, and cobalt fell $560 to $42,380 per ton.

MARA shares fell 3.15% to $11.54 on Thursday as Bitcoin declined over the same period. According to NS3.AI, Bitcoin fell $1,421.86, or 1.82%, to $76,838.53 over 24 hours.
The broader market also weakened, with the Nasdaq down 1.14% and the S&P 500 lower by 0.54%.

Fox Business crypto reporter said on X that U.S. Senate Republicans have released updated CLARITY Act text after negotiations during the August recess. According to Odaily, the update would require non-decentralized DeFi protocols to register with the U.S. Commodity Futures Trading Commission, limit DeFi provisions to spot or cash digital commodity trading, and clarify credit unions' authority to conduct crypto business. The ethics section, BRCA, and stablecoin yield provisions appear unchanged.

According to Wallstreetcn, Federal Reserve overnight reverse repurchase agreement usage was $4.736 billion on Thursday, with four counterparties, up from $432 million in the previous trading day.

According to CNBC, stocks fell after renewed inflation concerns tied to rising oil prices pushed Treasury yields higher, with U.S. oil above $100 per barrel and the 10-year Treasury yield climbing above 4.9% to its highest level since November 2023. Since the Aug. 13 monthly meeting through Wednesday's close, the Dow Jones Industrial Average fell 2.7%, while the S&P 500 and Nasdaq each lost 2.1%.
Salesforce rose 21.3% after reporting better-than-expected revenue and an upbeat outlook, while Meta Platforms gained 9.9% after agreeing to an $18 billion settlement with attorneys general and after the release of Muse Spark 1.3. Micron advanced 8.2% as investors focused on stronger AI memory demand and tighter supply. On the downside, TJX Companies fell 18% after a rare execution miss at Marmaxx, FedEx Freight dropped 17.9% amid tariff and oil-price concerns, and Palo Alto Networks declined 15.4% despite strong quarterly results.