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Iran and the US carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend, pushing oil prices higher as both nations continue to escalate a six-month war that has disrupted shipping and stoked global inflation, according to Bloomberg. Iran said it hit three US-linked ships taking an unauthorized route through the Strait of Hormuz in retaliation for American attacks on Iranian tankers, while the US military earlier said it struck three Iranian crude tankers, one of which was destroyed, in response to the Islamic Revolutionary Guard Corps targeting two US Navy warships with ballistic missiles. Brent crude climbed 0.4% after the strikes.
The US began attacking Iranian tankers last week under a new policy from President Donald Trump aimed at deterring Tehran from attacking commercial shipping, Axios reported, citing unnamed US officials. The latest strikes suggest both sides are digging in for a long fight despite growing signs of economic distress in Iran, depleted munitions stockpiles and waning public support in the US. Energy Secretary Chris Wright signaled no letup in the American naval presence, which includes a sea blockade of Iranian oil exports, telling CNN that until Iran changes its position or its government, "we will have to deal with them," without naming any countries that might join the operation.
Iran's parliament speaker and former ceasefire negotiator Mohammad Bagher Ghalibaf warned on Sunday that the era of "proportionate responses" was over, saying any aggression against Iran's interests would receive a faster, heavier and more painful response. Top security official Mohsen Rezaee said a new restricted zone would be declared outside the Strait of Hormuz in the coming days, extending from the US Navy's blockade line into parts of the Persian Gulf, Press TV reported. There was no immediate independent corroboration of further attacks around the waterway, and observable traffic remained sparse, with only one commodity vessel crossing Saturday, according to Kpler data.
Trump has said he wants to "strangle" Iran's economy as he has struggled to end the war, which has killed 18 US service members; he called the conflict "small potatoes" on Friday, while Vice President JD Vance said he "wouldn't call it a war" at all. US Central Command said one of the tankers it struck, the Suezmax-sized Kylo, sank in the Gulf of Oman after its crew was told to abandon it, while the Stark I was disabled in the Gulf of Oman and the very large crude carrier Downy near Iran's Kharg Island export hub. Treasury Secretary Scott Bessent said Tehran has about 30 million barrels of crude left for potential Chinese buyers.

Bitcoin traded just above $79,300 in Asian morning hours Monday, down under 1% over 24 hours and up about 2% on the week.Zcash was the standout at nearly $1,183, up more than 3% on the day and 45% on the week after clearing $1,000 on Friday for the first time since 2016. Monero fell nearly 3% but holds a 4% weekly gain.The rest moved little. BNB dropped 2%, Dogecoin and Solana about 1% each, and Ether, XRP, Tron and Hyperliquid all sat within 1% of flat. The seven-day frame is where the market is green — BNB up nearly 9%, Dogecoin more than 8% and Hyperliquid 7%.Crypto Did Not Sell the Payrolls BeatAugust payrolls printed 162,000 against forecasts near 56,000, lifting September hike odds to roughly 58% from just under 50%. The two-year Treasury yield hit a 52-week high near 4.4%.Equities sold it. Crypto did not.That divergence is the session's substance. The reaction function this cycle is inverted — rates have sat at 3.50%-3.75% since December 2025, so the question is whether tightening resumes rather than how fast easing proceeds, and a strong print is the hawkish outcome. Bitcoin holding within 1% of flat through a 106,000 beat is not what that framework predicts.The two-year at a 52-week high is the more direct expression of the repricing than the 10-year, since it tracks the near-term policy path most closely.The Revision Mattered as Much as the HeadlineJuly was revised from a 23,000 loss to a 23,000 gain, with June and July revised up by a combined 55,000.That reversal removed the argument that had been holding the dovish case together. Bloomberg's Anna Wong had noted no precedent in modern Fed history for hiking after two consecutive negative payroll prints. There is now no first negative print.It also flipped the revision direction. May and June had been cut by a combined 103,000, feeding a narrative of steady deterioration. June and July have now been revised up.Privacy Coins Are Running on Their Own LogicZcash clearing $1,000 for the first time since 2016 is a ten-year price structure breaking, and a 45% weekly gain puts it far outside anything explicable by macro flows.Privacy tokens have been leading for several sessions — Dash rose 17% and Zcash 16.5% in a single day last week as Bitcoin cleared $80,000. Monero's open interest reached 640,000 tokens in early September, its highest since February 2024.The cohort tends to outperform when speculative appetite returns rather than when institutional allocation dominates. Its leadership through a hawkish repricing suggests the bid is retail-driven and largely indifferent to the rate path.ETF Flows Are Absorbing the RepricingUS spot Bitcoin ETFs took about $770 million across the first four sessions of September.Thursday alone accounted for roughly $731 million of that — the largest single day since January, which pushed net assets past $103 billion for the first time. BlackRock's IBIT supplied $454 million of it.That concentration is the caveat. The same fund drove both the week's largest outflow, $201 million of a $236 million Tuesday redemption, and its largest inflow. One desk repositioning is not the same as broad allocator conviction.The Rate Repricing Is Now the Base Case, Not the SurpriseThe setup into this week is materially different from the one into last.Hike odds had round-tripped from roughly 35% before Warsh's Jackson Hole speech to about 70% Thursday and back toward even before the print. At 58%, September now sits inside the 60-70% band where the Fed historically validates market expectations rather than surprising them — close enough that the move is priced rather than pending.CPI lands September 11 and the FOMC decides September 15-16. Warsh built his case entirely on inflation, citing PCE at 3.7% annually and 4.1% over six months. With labor no longer available as a counterargument, the CPI print is what remains.Whether ETF flows continue at September's pace into a week where the repricing is the base case rather than the surprise is the question the next four sessions answer.

Inflation data sets the tone in a holiday-shortened week. Producer prices arrive Thursday and consumer prices Friday — the final major readings before the Federal Reserve's September 15-16 meeting.The European Central Bank decides Thursday, followed by the Bank of Russia on Friday. GameStop and Bitcoin miner Canaan report earnings, and Blockstream plans to publish the source code behind its Core Lightning 26.06.7 security fixes.The CPI Split Is the Week's Analytical ProblemFriday's print contains two numbers pointing opposite directions.Headline CPI is forecast to rise 0.4% month-over-month against 0.1% previously — a quadrupling of the monthly pace — while the year-over-year figure holds at 3.4%. Core CPI is expected at 0.2% month-over-month, unchanged, with the year-over-year rate easing to 2.4% from 2.5%.That gap is energy. Oil ran from roughly $81 to above $95 across the reference period, with WTI up nearly 9% in a single week and Brent clearing $92 after US military action near the Strait of Hormuz.A headline acceleration driven entirely by crude, alongside core inflation that is flat month-over-month and decelerating annually, is the most ambiguous configuration the Fed could receive three business days before it decides.Chair Kevin Warsh built his hawkish case at Jackson Hole on PCE at 3.7% annually and 4.1% over six months — but he also flagged that "the recent rise in overall commodity prices also bears watching." Friday tests which of those he weights more heavily.Fed Officials Are Already in BlackoutThe timing amplifies the print's importance.The FOMC communications blackout began before this week, which means no Fed speakers will interpret Thursday's PPI or Friday's CPI. The data lands and then there is silence until the September 16 decision and Warsh's press conference.In a normal cycle, officials would guide markets through an ambiguous print. This cycle, Warsh has rejected forward guidance outright — "committed to a discipline, not to a decision" — so there would be limited guidance even without the blackout.That leaves markets to price the outcome themselves. September hike odds sit near 58% after August payrolls printed 162,000 against forecasts near 56,000, with July revised from a 23,000 loss to a 23,000 gain.PPI Thursday Is the Leading IndicatorProducer prices arrive a day ahead of CPI, with headline PPI forecast at 0.3% month-over-month against 0.0% previously and 4.5% year-over-year against 4.7%. Core PPI is expected at 0.3% monthly and 4.1% annually against 4.2%.Both annual figures are decelerating while both monthly figures accelerate — the same pattern as CPI. PPI at the producer level often previews consumer-level pressure with a lag, which makes Thursday a useful cross-check before Friday.Initial jobless claims land the same morning, estimated at 209,000 against 206,000, with continuing claims at 1.79 million against 1.779 million. Warsh cited four-week average claims near decade lows as evidence of labor market health.The ECB Is Expected to Hike as WellThe ECB decision Thursday carries an estimate of 2.65% against a prior 2.40% — a 25 basis point increase.A European hike in the same week the market prices a 58% chance of a US one describes coordinated tightening rather than a US-specific story. That matters for the dollar, which has been the variable working against Bitcoin's relative strength. Simultaneous ECB tightening reduces the rate differential that has supported the greenback.The Bank of Russia decides Friday, with rates expected to hold at 14%.GameStop and Canaan Report MondayGameStop reports post-market at an estimated $0.06 per share. Canaan reports pre-market the same day at an estimated loss of $0.14.GameStop's report carries a crypto dimension beyond the retail business given its Bitcoin treasury position. Canaan is the more direct read on mining economics, and follows a period in which miners with AI compute pivots — IREN, Hut 8, HIVE — have decoupled from hash-price fundamentals to trade on data center contracts instead.Blockstream publishes source code for Core Lightning 26.06.7 security fixes on September 11. US stock markets are closed Monday for Labor Day.What the Week Decides for CryptoBitcoin traded near $79,300 entering the week, up about 2% over seven days, having held within 1% of flat through a payrolls beat that equities sold.Spot Bitcoin ETFs took roughly $770 million across September's first four sessions, though Thursday's $731 million supplied nearly all of it, and BlackRock's IBIT contributed $454 million of that single day.Zcash cleared $1,000 Friday for the first time since 2016 and is up 45% on the week, with privacy coins leading a bid that appears indifferent to the rate path.Friday's CPI is the last variable before the decision. A headline print driven by energy while core cools gives Warsh room to move either way — and with officials in blackout, no one will tell markets which reading he prefers until September 16.

Bitcoin may be a better hard asset than gold, according to a correlation study.Both have been rising as concerns about the fiscal health of advanced-economy governments dominate market sentiment, pushing bond yields — market-implied borrowing costs — higher.The Bitcoin-Gold Correlation Is at Its Highest Since 2020The 90-day correlation coefficient between Bitcoin and gold's daily returns stands at 0.59, per TradingView and CoinDesk data. That is the highest since 2020, when central banks and governments were printing money to cushion the economy through the pandemic.The parallel to 2020 is instructive. Both periods feature large-scale fiscal expansion and doubts about the durability of government balance sheets — the conditions under which assets outside the fiat system trade together rather than as independent stories.Bitcoin's Yield Correlation Is −0.17 Against Gold's −0.41The distinction lies in each asset's relationship with the US 10-year Treasury yield.A rising bond yield is typically a headwind for assets like gold and Bitcoin, which sit in portfolios without generating cash flow. Higher risk-free returns raise the opportunity cost of holding them.Bitcoin's correlation with the 10-year is just −0.17 — meaning a rising yield barely has a negative impact. Gold's is −0.41, a slightly more meaningful negative relationship.Bitcoin is less tethered to bond-market forces. That does not make it safe, but it suggests better positioning to decouple from yield-driven headwinds.The Divergence Showed Up in Live Trading Last WeekThe correlation figures have a recent real-world test.Gold fell from $4,700 an ounce to $4,300 in less than a week while the 10-year climbed above 4.81% and WTI topped $90. Bitcoin held choppy between $76,000 and $80,000 through the same stretch, then cleared $80,000 with yields still elevated.That is roughly what a −0.17 versus −0.41 spread predicts. Gold moved with the yield. Bitcoin largely did not.The same pattern repeated after August payrolls printed 162,000 against a 56,000 forecast. The two-year Treasury yield hit a 52-week high near 4.4% and equities sold the print. Bitcoin held within 1% of flat.Fiscal-Driven Yields May Explain the Weaker TetherThe correlation gap has a plausible mechanism, and it turns on why yields are rising.When yields climb on growth, the opportunity-cost logic applies cleanly to both assets. When they climb on fiscal deterioration, the same investors demanding more compensation to hold government paper are the ones seeking assets outside that system.Mohamed El-Erian told CNBC at the Ambrosetti Forum he sees no appetite for immediate US fiscal consolidation and expects continued upward pressure on yields. That is the fiscal case, not the growth case.Long-dated sovereign yields have hit multi-decade highs simultaneously across the US, Japan, Germany and France, with Japan's 10-year touching 3% for the first time in three decades. US debt approached $40 trillion in August. BlackRock has cited US fiscal issues as a bullish tailwind for both Bitcoin and gold.Why Bitcoin captures more of that flow than gold is harder to establish from correlation data alone. One candidate is that gold has a longer history as a rates-sensitive asset with deep institutional positioning tied to real-yield models, while Bitcoin's marginal buyer is less likely to be running those models at all.What the Correlation Does Not SettleTwo caveats belong alongside the figures.Correlation coefficients describe a 90-day window and can shift. The Bitcoin-gold reading of 0.59 is the highest since 2020 precisely because it was lower before — these are not structural constants.And the dollar remains the variable that has bitten. The Dollar Index has been hovering near a bullish trendline drawn from the 2011 lows, and Bitcoin has historically had an inverse relationship with the greenback. A firm dollar has done more visible damage to Bitcoin in recent sessions than rising yields have.The takeaway is narrower than "Bitcoin is a better hard asset." It is that Bitcoin's yield sensitivity is materially lower than gold's, which matters specifically in an environment where yields are rising on fiscal rather than growth concerns — and where that environment persists.

The US struck three Iranian oil tankers over the weekend, sending Brent to $97 and diesel to record highs. A $320M exploit hit Liquid Network Sunday. Trump demanded rate cuts as September hike odds sit at 58%. Bitcoin held near $79,300 — within 1% of flat through a payrolls beat that equities sold, and less than half as sensitive to rising yields as gold per 90-day correlation data. KOSPI surged 4.6% on OpenAI's GPT-6 Astra model. Wall Street analysts are calling Nvidia, Uber, and Marvell their top long-term picks — with Nvidia's fiscal 2028 revenue guidance of 70% growth nearly double the market consensus. CPI Friday is the last variable before the September 16 FOMC.Bitcoin Falls Below $80,000 as US Strikes Iranian Tankers and Trump Pressures WarshCENTCOM confirmed striking three Iranian oil tankers near Kharg Island, Jask, and the Gulf of Oman — WTI hit $92.72, Brent $97, its highest in seven weeks. Diesel hit record highs, running roughly 90% above pre-war levels — the more consequential inflation signal since diesel propagates through nearly every physical supply chain. September hike odds sit at 58%, with October at 70%. The ECB is expected to hike Thursday and the BOJ has 75% odds of a move September 18 — synchronized tightening that removes the rate-differential logic normally supporting the dollar during Fed hiking cycles. The dollar fell 1% against the yen to 154.6 as short yen positions covered. Liquid Network suffered a $320M exploit Sunday, among the largest incidents of the year. Bitcoin traded near $79,700, down just under 1%, having held around $80,000 through the weekend.Bitcoin Holds $79,000 as Hike Odds Reach 58% and Zcash Runs 45% in a WeekBitcoin held just above $79,300 Monday — up 2% on the week, within 1% of flat through a payrolls beat that sent equities lower and the 2-year Treasury to a 52-week high. Zcash cleared $1,000 for the first time since 2016 and is up 45% on the week — far outside anything explicable by macro flows. Privacy coins leading through a hawkish repricing describes a retail-driven bid indifferent to the rate path. Bitcoin ETFs took ~$770M across September's first four sessions, though $731M of that came from a single Thursday session led by IBIT's $454M — one large desk repositioning rather than broad allocator conviction. The July revision from -23,000 to +23,000 removed the no-two-consecutive-negative-readings constraint that had been the dovish case's last defense. CPI Friday is the only variable left before September 16.Seoul's KOSPI Closes Up 4.6% at Five-Week High on AI Optimism; Tokyo Gains, Hong Kong SlipsSeoul's KOSPI jumped 4.61% to 6,995 — its highest since July 23 and a third straight advance — as OpenAI's new GPT-6 Astra model stoked demand for memory chip names: Samsung +5.68%, SK Hynix +8.26%. Tokyo's Nikkei rose 2.12% led by Advantest, Tokyo Electron, and SoftBank. Taiwan's TAIEX gained 1.67%, with TSMC +2.07% and MediaTek hitting its 10% daily limit. Hong Kong slipped 0.93%, with Baidu -4% and Xiaomi -3%. Mainland China was mixed — Shanghai nearly flat but ChiNext +3.41% as AI-hardware and semiconductor names rallied. The KOSPI's 4.6% single-session gain on an AI model release confirms OpenAI product launches now function as direct demand signals for Korean memory chips.Wall Street Analysts Favor Nvidia, Uber, and Marvell for Long-Term ValueAs bond yields and Iran tensions drive market volatility, Wall Street analysts are flagging three stocks for long-term growth beyond the short-term noise. Morgan Stanley's Joseph Moore raised Nvidia's price target to $300 from $288 after strong Q2 fiscal 2027 results — the company's fiscal 2028 revenue growth guidance of 70% was nearly double the market's 40% consensus and well above Moore's own 52% forecast, keeping it his top semiconductor pick. Moore also maintained a Buy on Uber at $119, highlighting its evolution into a diversified platform with autonomous driving becoming a meaningful revenue driver. KeyBanc's John Vinh reiterated a Buy on Marvell at $400 after better-than-expected Q2 results, led by data center revenue growing 46% year-over-year to $2.17B. All three sit at the intersection of AI infrastructure demand — the same thesis driving KOSPI chip names and Bitcoin miner AI pivots — but at valuations reflecting sustained rather than speculative growth.Bitcoin's Yield Sensitivity Is Less Than Half Gold's, Correlation Data ShowsBitcoin's 90-day correlation with the 10-year Treasury yield stands at -0.17 against gold's -0.41 — meaning rising yields hit gold more than twice as hard as Bitcoin. The Bitcoin-gold correlation itself sits at 0.59, a six-year high matching 2020's COVID-stimulus period. The real-world test came last week: gold fell $400 in five days as the 10-year climbed above 4.81%; Bitcoin held choppy between $76,000 and $80,000, then cleared $80,000 with yields still elevated. The same divergence repeated after Friday's payrolls beat. The caveat: the dollar remains the variable that has done more visible damage to Bitcoin than yields, with the DXY hovering near its 2011 trendline support.

The Nikkei 225 closed up 2.1% at 66,399.84, with semiconductor stocks leading the advance. According to Sina Finance, Japan's Ministry of Finance said on September 7 that foreign reserves stood at about $1.2075 trillion at the end of August, down $79.575 billion from the previous month and falling for a fourth straight month.
Goldman Sachs said tactical long yen positions have become more attractive after the yen's recent strength, citing expectations that the Bank of Japan will tighten policy, possible changes in Japanese capital flows, and the risk of further intervention. According to Sina Finance, the bank said Bank of Japan Governor Kazuo Ueda had essentially confirmed market expectations for a September rate hike, while speculation that the Government Pension Investment Fund may shift asset allocation toward domestic assets has increased the outlook for reduced capital outflows.

According to Korea Herald, HKET and Nikkei-affiliated market data, Asian equities finished mixed on Monday, with Seoul and Tokyo rallying on renewed appetite for AI-linked chip names while Hong Kong edged lower.
Tokyo's Nikkei 225 extended its advance, closing up 1,378.90 points, or 2.12%, at 66,399.84, while the broader TOPIX added 22.57 points, or 0.55%, to 4,125.80. Chip-sector names led the gains, with Advantest and Tokyo Electron among the top index contributors alongside SoftBank Group, though Sony eased 2.70%.
Seoul's KOSPI outperformed the region, closing up 308.18 points, or 4.61%, at 6,995.39, its highest finish since July 23 and a third straight advance, after OpenAI's new GPT-6 Astra model stoked demand for memory-chip shares. Samsung Electronics jumped 5.68% to 270,000 won and SK hynix rose 8.26% to 1.78 million won. Shinhan Securities senior analyst Kang Jin-hyuk said sentiment was boosted by the new model despite a weak Wall Street tech session, noting the Philadelphia semiconductor index rose 3.38% on Friday.
Hong Kong stocks slipped, with the Hang Seng Index closing down 237 points, or 0.93%, at 25,413.12, and the Hang Seng Tech Index off 0.92% at 4,527; the Hang Seng China Enterprises Index fell 1.46%. Baidu dropped more than 4% and Xiaomi lost over 3%, while mainland banks were broadly weaker. Chipmaker Hua Hong Semiconductor bucked the trend, rising about 5%, and PCB and memory-related names strengthened.
Taiwan's TAIEX climbed 775.14 points, or 1.67%, to close at 47,326.27, its highest in about two and a half months, led by heavyweights TSMC, up 2.07% at NT$2,460, and MediaTek, which hit its 10% daily limit at NT$4,855; optical-lens maker Largan fell to its limit-down.
In mainland China, the Shanghai Composite ended little changed, up 0.07% at 3,932.70, while the tech-heavy ChiNext Index gained 3.41% to 3,398.68 as AI-hardware, semiconductor and CPO shares rallied. Combined turnover across the two bourses was about 1.95 trillion yuan.

China is injecting 300 billion yuan ($45 billion) into its largest banks and insurers, part of the nation's biggest recapitalization in almost two decades, to shore up its financial system and sustain lending as economic growth slows, according to Bloomberg. The Ministry of Finance will issue special bonds to recapitalize eight institutions, including Industrial & Commercial Bank of China, Agricultural Bank of China and People's Insurance Company (Group) of China, according to official announcements on Sunday. The package adds to a combined 500 billion yuan of government injections since early 2025 as Beijing steps up efforts to rejuvenate the world's second-largest economy, with Premier Li Qiang recently urging officials to "strive to achieve" annual growth targets.
While China's financial institutions hold adequate capital buffers, the plan aims to provide more firepower for lending to businesses and households, with financial stability remaining a cornerstone of President Xi Jinping's agenda as China navigates a protracted trade and technology rivalry with the US. Huayuan Securities analyst Liao Zhiming said the recapitalization of major state-owned institutions has been a policy arrangement over the past two years rather than an emergency measure, with the key being to make capital arrangements in advance. ICBC shares fell 0.78% and Agbank slid 0.69% in early Hong Kong trading, while People's Insurance was little changed.
Agbank is seeking up to 160 billion yuan and ICBC 100 billion yuan in separate private placements to replenish core tier-1 capital, according to Shanghai exchange filings, with the Ministry of Finance subscribing 130 billion yuan and 70 billion yuan respectively and China National Tobacco also a big subscriber. The ministry will fully subscribe to People's Insurance's 15 billion yuan placement and contribute to the Export-Import Bank of China, China Life, China Taiping, China Reinsurance and China Export & Credit Insurance. The banking sector's average net interest margin has dropped to historic lows, with an average capital adequacy ratio of 15.26% and core tier-1 ratio of 10.72% as of June.
The move caps a policy push begun in 2024, with this year's government work report proposing 300 billion yuan of special bonds for the purpose. Last year, Bank of China and Postal Savings Bank were among four lenders that received a combined $69 billion injection. Regulators are gradually replenishing capital at all six of China's largest state-owned banks to help them prepare for the second phase of global Total Loss-Absorbing Capacity requirements. Rather than relying solely on direct spending or monetary easing, Beijing is using its control over the financial system to strengthen the balance sheets of institutions that channel capital to the economy, giving lenders more room to support strategic industries, infrastructure and private companies while containing risks from the property downturn and local-government debt.

Asian shares were mixed on Monday as a strong US jobs report supported the outlook for global growth, while oil prices edged higher after attacks on ships in the Gulf, according to RTHK.
In Hong Kong, the Hang Seng Index opened up 2 points, or 0.01 percent, at 25,652 before turning lower in early trading. The tech index opened down 11 points, or 0.26 percent, at 4,558, while the China enterprises index fell 6 points, or 0.08 percent, to 8,548.
The Shanghai Composite Index opened up 12 points, or 0.32 percent, at 3,942. The Shenzhen Component Index rose 88 points, or 0.65 percent, to 13,605, and the ChiNext Index gained 39 points, or 1.21 percent, to 3,326.
Brent crude added 0.2 percent to US$96.45 a barrel, while US crude rose 0.4 percent to US$91.85 a barrel. The move came after Tehran said it would announce a restricted zone outside the Strait of Hormuz in coming days after US forces hit three Iranian tankers and Iran's Islamic Revolutionary Guard Corps launched ballistic missiles at two US Navy ships.
The report also said the European Central Bank is seen as certain to lift rates to 2.75 percent on Thursday, with futures implying a 75 percent chance of another hike to 3 percent by December. On Wall Street, S&P 500 futures and Nasdaq futures were fractionally lower during a US holiday.

Iranian senior security official Mohsen Rezaee said a restricted zone will be announced in the coming days outside the Strait of Hormuz, extending from the U.S. Navy blockade line to parts of the Persian Gulf, according to ETNet.
The escalation came after the U.S. said it struck three Iranian oil tankers on Saturday, one of which sank, in response to Iranian fire on a U.S. aircraft carrier and other warships. Iran's Islamic Revolutionary Guard Corps said it hit three tankers and three U.S. vessels, and later said it also attacked a U.S. Navy drone and an unmanned surface vessel trying to enter the strait.
U.S. Energy Secretary Chris Wright said on Sunday that the U.S. Navy will continue escorting tankers passing through the Strait of Hormuz, underscoring the route's importance to transport and suggesting the operation will not end soon.

Bitcoin is nursing losses as crude trades higher following a weekend of escalation in the US-Iran war.On Saturday, US Central Command confirmed striking three Iranian oil tankers — the M/T Downy, M/T Stark 1 and M/T Kylo — near Kharg Island, Jask and in the Gulf of Oman respectively."If you shoot at two of our ships, we will impose an even higher economic cost — taking out three of yours," Admiral Brad Cooper said following the attack.Centcom also updated figures on its naval blockade, reporting that US forces have redirected 92 merchant ships, disabled three and boarded two since operations resumed on July 14.Tehran said it would announce a restricted zone outside the Strait of Hormuz in coming days.Oil Up 6% in Seven Days With Diesel at Record HighsWTI changed hands at $92.72 and Brent reached $97 a barrel, its highest in seven weeks. Prices have gained over 6% in the first seven days of September, extending the recovery from the early July low around $70. Brent now sits 35% above where it traded in late February, before the war started.Diesel is the more consequential number. Prices for the fuel that powers transport, shipping, farming and manufacturing hit record highs last week and are roughly 90% above pre-war levels.That distinction matters for the inflation path. Diesel is an input cost across nearly every physical supply chain, which means it propagates into consumer prices more broadly and with less lag than gasoline. Elevated oil adds to inflation worldwide, making it harder for central banks to cut — which is why it is generally a headwind for liquidity-sensitive markets.US CPI arrives Friday, with headline forecast at 0.4% month-over-month against 0.1% previously and core holding at 0.2% while easing to 2.4% year-over-year.Trump Demands Lower Rates Days Before the Fed DecidesThe odds of a Fed hike strengthened Friday after August payrolls came in at 162,000 against forecasts near 56,000. President Trump immediately pushed the other way."The Fed Board, with its great new leader, must get smart — BE PATRIOTS for a change," he said in a Truth Social post. "A STRONG COUNTRY MEANS A LOWER INTEREST RATE — IT'S A BETTER CREDIT… Very simple!"He added: "We should have the LOWEST RATE of any country in the World … LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT."That renewed push complicates matters for Chair Kevin Warsh, now caught between a dovish president and a strong labor market report. Rather than a rate hike itself, it is this uncertainty that could dampen animal spirits in Bitcoin and the broader market.The timing sharpens it. Fed officials are already in communications blackout ahead of the September 15-16 meeting, so no one can respond. Warsh has also rejected forward guidance outright — "committed to a discipline, not to a decision" — meaning markets get no signal either way until the decision.Markets price 58% odds of a September hike and 70% for October.Three Central Banks Are Moving Within Two WeeksThe Fed is not acting alone. The ECB is expected to lift rates to 2.75% on Thursday, with futures implying 75% odds of another move to 3.0% by December. Markets price a 75% chance the Bank of Japan raises a quarter point on September 18."Central bank patience through the energy shock has been supportive of asset prices and the credit cycle," said Bruce Kasman, global head of economics at JPMorgan. "However, central banks are now on the move."Synchronized tightening removes the rate-differential logic that normally supports the dollar during a Fed hiking cycle. The dollar fell 1% against the yen to 154.6 as the Japanese currency hit a seven-month high — a substantial reversal from the 160-plus level it breached only a week ago, when strategists placed intervention triggers at 161 and then 162-163.Hedge funds had added to short yen positions for two consecutive weeks per CFTC data. A seven-month high is those positions closing.Liquid Network Suffers a $320 Million ExploitLate Sunday, Liquid Network — used by exchanges as a settlement layer — faced a $320 million exploit.The figure places it among the larger incidents of the year, well above the roughly $120 million taken across four waves of the Coldcard exploit in late July and early August. Liquid functions as settlement infrastructure rather than a consumer-facing protocol, which means the exposure profile runs through institutional counterparties.Blockstream, which develops Liquid, is separately scheduled to publish source code for Core Lightning 26.06.7 security fixes on September 11. The two are distinct products and no connection between them has been indicated.Details on the exploit vector, affected parties and recovery prospects remain limited.The Political Backdrop Runs Beyond WashingtonTrump's pressure on the Fed is one instance of a broader pattern weighing on currencies.In Germany, the Alternative for Germany surged into first place in Saxony-Anhalt state elections Sunday — a far-right party within reach of state-level power for the first time since World War Two. The AfD has said one of its policies would be to ditch the euro."This development is dangerous for the longer-term stability of the single currency," said XTB research director Kathleen Brooks. In France, polls show Marine Le Pen would likely win the first round of next year's presidential election, having previously favoured abandoning the euro.The euro has fallen 1.1% this year, the weakest major against the dollar.Bitcoin traded near $79,700, down nearly 1% since midnight UTC, having moved back and forth around $80,000 through the weekend. Its 90-day correlation with the 10-year Treasury yield sits at −0.17 against gold's −0.41 — a spread that has kept it steadier than the metal through recent yield moves, though the carry trade remains the channel that correlation figures do not capture.

The International Monetary Fund said El Salvador’s Bitcoin accumulation since June 2025 did not use public funds and reflected private donations. According to Odaily, the IMF also said El Salvador is improving transparency around Bitcoin holdings across wallets and strengthening governance and risk management for public-sector crypto assets.
El Salvador disclosed in November 2025 that it had bought 1,090 Bitcoin, bringing its total holdings to 7,474 Bitcoin.

According to CNBC, the U.S. Securities and Exchange Commission sued Institutional Shareholder Services in federal court in Pennsylvania, seeking to force the proxy adviser to turn over information as the Trump administration increases scrutiny of firms that help investors vote their shares. The SEC said ISS refused to fully comply with an administrative subpoena tied to its proxy recommendations and voting activity, after the agency's Division of Examinations began reviewing the firm in March and later issued a subpoena on July 21. The regulator said ISS has continued to withhold some records despite extended deadlines, while ISS argued the request raised First Amendment concerns and could expose the firm and its clients to retaliation. The SEC said its inquiry remains in the fact-finding stage and has not concluded that ISS violated federal securities laws. President Donald Trump signed an executive order in December directing the SEC to review its rules and guidance on proxy advisers, and the White House said the order specifically named ISS and Glass Lewis, which together control more than 90% of the proxy-advisory market.

SideSwap said a customer sent 4,000 L-BTC to its peg-out service at 14:05 UTC, and the order was processed normally. According to ChainCatcher, the L-BTC was burned on Liquid with a valid peg-out authorization, and the Liquid Federation later paid 3,996 BTC to the customer’s Bitcoin address at 14:28 UTC.
Blockstream later confirmed that the L-BTC had been minted through an Elements software vulnerability. SideSwap said its peg-out authorization key and systems were not compromised, and the service could not distinguish the tokens from other L-BTC. SideSwap added that it is a non-custodial service, user wallets were not affected, and assets remain controlled by users’ own keys.
Liquid has been suspended by the Federation, and SideSwap said swaps, peg-ins, and peg-outs will remain paused until the network is restored. Completed peg-outs paid on Bitcoin are not affected. Users with unfinished peg-ins or peg-outs can send transaction IDs to hello@sideswap.io for separate handling, and SideSwap asked users not to send new peg-in or peg-out deposits before services resume.

According to Jin10, Iran's Supreme National Security Council Secretary said that 48 hours ago, Iran first test-fired an anti-destroyer missile over a U.S. warship, and said the special missile brought "hell" to the Americans, who fled.

According to the announcement from Binance, the platform has launched a new Word of the Day game centered on the theme “Binance Agent OS Trading.” The activity period runs from 2026-09-07 00:00 (UTC) to 2026-09-13 23:59 (UTC), and eligible users can participate by reading selected articles and completing the word-guessing game. Binance said users may play up to two WOTD games per day during the activity period. Those who achieve at least five correct answers will be eligible to share a 7,000 USDC reward pool, with rewards distributed according to each user’s proportion of correct answers among all eligible users. The maximum reward cap is 5 USDC per user. In addition, users who achieve at least five correct answers and participate on five or more separate days during the activity period will be eligible to share an additional 3,000 USDC reward pool equally. All rewards are scheduled to be distributed by 2026-09-27 23:59 (UTC) directly to the user’s Rewards Hub. Eligible users must claim their vouchers before expiration, and no replacement reward will be provided.
Binance also outlined how users can unlock the second WOTD game after completing the first game by clicking the “Get A New WOTD” button and sharing the featured link on social media. The second game becomes available once the shared link is clicked by a logged-in user. The announcement further said new users who register for a Binance account using the “WOTD” referral code or the referral link during the activity period will receive 10% off Spot trading fees. These users may also qualify for additional welcome rewards by completing tasks in the Rewards Hub within 14 days after registration. Binance described WOTD as an educational word-guessing game designed to help users expand crypto vocabulary and follow market developments.

According to Jin10, Iran's Supreme National Security Council Secretary said the Strait of Hormuz has been completely closed and called U.S. President Donald Trump's claim that the strait is open a blatant lie. He said that before the closure, more than 100 ships carrying over 100 million tons of cargo passed through the strait each day, but now only seven to eight ships carrying Iran's basic supplies are allowed through.

Nasdaq futures edged higher, while crude oil futures strengthened after the United States and Iran struck each other's tankers in the Middle East. According to Sina Finance, U.S. Treasury futures were steady, gold and Bitcoin weakened, and the dollar-yen exchange rate was little changed at around 156.25.

Oil climbed after the US attacked Iranian tankers and Tehran declared a new restricted zone outside the Strait of Hormuz, according to Bloomberg.
The moves raised concerns about prolonged disruptions to energy flows through the waterway.

Iran's Islamic Revolutionary Guard Corps Navy said on September 5 that it struck three U.S. ships and three tankers transiting the Strait of Hormuz on an unauthorized route, in response to a U.S. attack earlier that day on an Iranian tanker. As of the report, the United States had not responded, and the extent of any damage and the strait's actual shipping conditions remained unconfirmed, according to Jiemian News.

Industrial and Commercial Bank of China (01398) H-shares fell 1.7% to HK$7.565, while Agricultural Bank of China (01288) dropped 1.5% to HK$6.445 after eight central financial firms announced plans to raise capital through targeted placements and direct injections, according to ETNet.
The eight firms plan to add a combined RMB 360 billion in capital. The Ministry of Finance will contribute RMB 300 billion through the issuance of special sovereign bonds, while China Tobacco and related subsidiaries will contribute RMB 60 billion. The announcement covers two state-owned banks, four state-owned insurers and two policy banks, and marks the first time large state-owned insurers have been included in targeted capital injections this year.
ICBC and ABC plan to issue A shares to specified investors including the Ministry of Finance, China Tobacco and related subsidiaries, with proposed fundraisings of up to RMB 100 billion and RMB 160 billion, respectively, to replenish core tier-1 capital. China People's Insurance Group (01339) plans a placement of up to RMB 15 billion to the Ministry of Finance, China Reinsurance (01508) plans to issue shares to a specified investor with the Ministry of Finance subscribing in cash for RMB 3 billion, and the Ministry of Finance will inject RMB 35 billion into China Life Insurance (02628) and RMB 7 billion into China Taiping (00966).
The broader banking sector also weakened on dilution concerns. Bank of China (03988) fell 1.3%, China Construction Bank (00939) lost 1.8%, Bank of Communications (03328) declined 1%, and Postal Savings Bank of China (01658) dropped 2%. The Hang Seng Index was down 0.9% at 25,432, while the Hang Seng China Enterprises Index fell 1.3% and the Hang Seng Tech Index slipped 0.9%.

Solana plans to raise the maximum byte size per transaction from 1,232 bytes to 4,096 bytes this Wednesday, allowing complex actions such as cryptographic proofs, multisignature payments, and some confidential transfers to be completed in a single transaction. According to Foresight News, the new format is already running on testnet, while the existing transaction format will remain available and wallets and applications will not be required to upgrade.
The change is intended to narrow the gap with Ethereum, which does not have a strict transaction byte limit. Solana’s transaction size has been capped at 1,232 bytes, and the upgrade is expected to have a larger impact on services that read on-chain data. Those services will need to update to recognize the new format, or they may face request failures or incorrect priority fee displays. The change is defined by SIMD-0296 and SIMD-0385 and is separate from a recent Solana governance vote on adjusting the pace of SOL issuance and burns.

Bitcoin fell nearly 1% to about $79,700 as escalating U.S.-Iran tensions pushed oil prices higher. According to ChainCatcher, the U.S. Central Command confirmed it struck three Iranian oil tankers on Saturday near Kharg Island, Jask, and the Gulf of Oman, while Admiral Brad Cooper said the U.S. would impose higher economic costs if Iran attacks American ships.
The U.S. Central Command also said its maritime blockade data showed 92 commercial vessels had been rerouted, three disabled, and two boarded for inspection since operations resumed on July 14. Oil prices rose 1% in both European and U.S. markets, with WTI at $92.72 and up more than 6% in the first seven days of September.
The article said higher oil prices could worsen global inflation and make it harder for central banks, including the Federal Reserve, to cut rates. It also noted that stronger-than-expected U.S. August employment data released last Friday reinforced expectations for Fed rate hikes, while U.S. President Donald Trump later posted on Truth Social calling for lower rates. The report added that uncertainty may weigh on Bitcoin and broader market risk appetite, and that the Liquid Network, used by exchanges as a settlement layer, suffered a $320 million attack late Sunday.

U.S. inflation readings headline a holiday-shortened week for digital asset markets, with producer prices due Thursday and consumer prices on Friday, offering the final major inflation data points before the Federal Reserve's September meeting, according to CoinDesk. The European Central Bank also announces its rate decision this week, followed by the Bank of Russia. Earnings from GameStop and bitcoin miner Canaan are also on tap, while Blockstream plans to release source code for its Core Lightning security fixes.
Macro:
• Sept. 7 – U.S. stock markets closed for Labor Day
• Sept. 10, 8:15 a.m. ET – ECB interest rate decision (est. 2.65%, prev. 2.4%)
• Sept. 10, 8:30 a.m. ET – U.S. PPI MoM August (est. 0.3%, prev. 0.0%); PPI YoY (est. 4.5%, prev. 4.7%)
• Sept. 10, 8:30 a.m. ET – U.S. Core PPI MoM August (est. 0.3%, prev. 0.2%); Core PPI YoY (est. 4.1%, prev. 4.2%)
• Sept. 10, 8:30 a.m. ET – U.S. Initial Jobless Claims (est. 209K, prev. 206K); Continuing Claims (est. 1790K, prev. 1779K)
• Sept. 11, 6:30 a.m. ET – Bank of Russia interest rate decision (est. 14%, prev. 14%)
• Sept. 11, 8:30 a.m. ET – U.S. CPI MoM August (est. 0.4%, prev. 0.1%); CPI YoY (est. 3.4%, prev. 3.4%)
• Sept. 11, 8:30 a.m. ET – U.S. Core CPI MoM August (est. 0.2%, prev. 0.2%); Core CPI YoY (est. 2.4%, prev. 2.5%)
• Sept. 11, 10 a.m. ET – U.S. Michigan Consumer Sentiment Prel. September (est. 51.5, prev. 51.7)
Earnings:
• Sept. 8, post-market ET – GameStop (GME) EPS est. $0.06
• Sept. 8, pre-market ET – Canaan (CAN) EPS est. -$0.14
Crypto:
• Sept. 11 – Blockstream to publish source code for Core Lightning 26.06.7
Token Events:
• Sept. 7 – PENDLE: Equilibria Finance voting on wind-down distribution framework. Voting ends Sept. 7
• Sept. 7 – ENS: ENS DAO voting to award $500,000 USDC to Nomentum Labs for marketplace development. Voting ends Sept. 7
• Sept. 8 – LSK: Lisk voting to shut down DAO, burn 100M LSK tokens, enable penalty-free unstaking. Voting ends Sept. 8
• Sept. 8 – COMP: Compound voting on security patch for Ethereum WETH and wstETH lending pools on v3. Voting ends Sept. 8
• Sept. 11 – APT: Aptos to unlock 1.32% of circulating supply (approx. $6.57M)

U.S. Central Command said that as of September 6, U.S. forces had ordered 92 merchant ships to change course in their maritime blockade operation against Iran, rendered three ships unable to operate, and boarded two vessels for inspection. Jiemian News reported that the U.S. Air Force also flew an F-35A stealth fighter on patrol over regional waters, and said the U.S. military will continue the operation.

The global cryptocurrency market cap now stands at $2.71T, up by 0.86% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $79,001 and $80,560 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $79,480, down by -0.61%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CATI, SOPH, and IOST, up by 29%, 21%, and 18%, respectively.
Market movers:
NVDAB: $232.44 (+0.35%)
AAPLB: $321.04 (-0.19%)
MSFTB: $499.34 (-0.55%)
AMZNB: $258.78 (-0.24%)
TSMB: $435.15 (+1.67%)
GOOGLB: $339.08 (-0.01%)
SPCXB: $150.51 (-0.42%)
METAB: $612.27 (-0.47%)
AVGOB: $364.21 (+0.81%)
MUB: $1044.27 (+1.52%)
Top gainers on Binance:
CATI/USDT (+29%)
SOPH/USDT (+21%)
IOST/USDT (+18%)

Yuewen Group (00772) and Baidu Group (09888) both rose on Friday amid market rumours, according to ETNet.
Yuewen closed at HK$21.78, up HK$1.68, with turnover of HK$450 million. The market said funds were buying the stock on expectations that its IP licensing partnerships could expand into the gaming industry.
Baidu closed at HK$95.90, up HK$4.40. Market talk said mainland advanced smart-driving development was progressing steadily and could benefit Baidu's business, with some expecting the shares to return above HK$100 in the near term.

Local London gold was quoted at $4,615.13/$4,615.47 at 9:01 a.m., while local London silver was quoted at HK$66.40/HK$66.45, according to ETNet.
The quote sheet also showed 99 gold at HK$41,325, compared with HK$41,880 in the previous session. The prices are for reference only.

Saudi Aramco's Jizan oil facility was attacked, and damage is being assessed. According to Sina Finance, two people familiar with the matter said the company's oil infrastructure was hit on Monday, and one of them said the scale of the attack was roughly similar to last month's incident. Saudi Aramco CEO Amin Nasser said last month that the attack caused a partial disruption in oil production but did not have a material impact on operations or finances.

On September 7, Nvidia CEO Jensen Huang posted on social media that OpenAI went from launching ChatGPT to o1 and then Astra in just four years, and said, "AGI has arrived," congratulating the OpenAI team, according to Jiemian News.

On Sep 07, 2026, 05:02 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,500 USDT benchmark and is now trading at 2,500 USDT, with a narrowed narrowed 0.13% decrease in 24 hours.

Novo Nordisk A/S’s Wegovy helped two out of five young children lose enough weight to no longer be classified as obese in a study, according to Bloomberg.
The drug was tested in children as young as six.

On Sep 06, 2026, 21:01 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,500 USDT benchmark and is now trading at 2,500 USDT, with a narrowed 0.89% increase in 24 hours.

On Sep 06, 2026, 22:11 PM(UTC). According to Binance Market Data, BNB has dropped below 750 USDT and is now trading at 749.830017 USDT, with a narrowed 2.75% decrease in 24 hours.

According to The Korea Herald, Hyundai Motor Group is moving further upstream in the US auto supply chain with a $5.8 billion electric-arc furnace steel mill planned in Louisiana. Hyundai-Posco Louisiana Steel is set to begin commercial production in 2029 and will supply Hyundai and Kia manufacturing operations in Alabama and Georgia.

Uber Technologies, Inc. has hired banks for its debut multi-tranche debt offering in euros, according to Bloomberg.

According to Jin10, Hong Kong's Hang Seng Tech Index fell more than 1%, the Hang Seng Index fell nearly 0.6%, Baidu (09888.HK) fell nearly 5%, Xiaomi Group (01810.HK) fell more than 4%, and Leapmotor (09863.HK), XPeng (09868.HK), and BYD Company (01211.HK) each fell more than 2%.

Copper held steady near an all-time high as traders weighed ongoing risks of supply tightness, according to Bloomberg.
The closure of US markets sapped risk appetite.

According to The Korea Herald, Hyundai Steel broke ground Friday on a $5.8 billion steel mill in Louisiana as part of its push to build a manufacturing base in the United States and expand supply of automotive steel to global carmakers. Hyundai-Posco Louisiana Steel, an electric-arc furnace joint venture backed by Hyundai Steel, Posco, Hyundai Motor and Kia, will have annual production capacity of 2.7 million metric tons of steel.