1. Trump approved the inclusion of Bitcoin in the U.S. 401(k) retirement plan
U.S. President Trump has approved the inclusion of Bitcoin in the U.S. 401(k) retirement plan, which is expected to bring an estimated $1.2 trillion in potential capital inflows. - Original
2. The U.S. carried out an attack within Iran, and reports of explosions have been heard in multiple places.
According to reports from Israeli media, sources say the U.S. launched an attack within Iran. Iranian media reported that explosions were heard in Chabahar and the Port of Abbas. - Original
3. Traders believe the probability that the Federal Reserve will cut interest rates by 25 basis points this month is over 66%.
Traders believe the probability that the Federal Reserve will raise interest rates by 25 basis points this month is over 66%. Last Friday, Federal Reserve Chair Kevin Wosch delivered a hawkish speech at the Jackson Hole meeting, boosting expectations for rate hikes. A week ago, market pricing showed that the probability of a rate hike in September was below 40%. - Original
4. Spot gold falls to about $4,370 per ounce, down for three consecutive days
5. Strategy purchased 4,603 BTC, bringing total holdings to 845,050 BTC
Strategy purchased 4,603 BTC after a two-month gap, spending $369.7 million; total holdings increased to 845,050 BTC, worth $65.9 billion. -Original text
6. The Bank of Canada is expected to keep the policy rate unchanged at 2.25%
On September 1, driven by the escalation of U.S.-Canada trade frictions and rising energy prices, the market expects the Bank of Canada to keep the benchmark interest rate unchanged at 2.25% this Wednesday. This will be the bank’s seventh consecutive decision to hold the rate steady. The U.S. has already imposed a 50% tariff on roughly $20 billion worth of Canadian goods, and Canada plans to impose retaliatory tariffs on some U.S. goods starting September 8. Canada’s overall inflation rate has risen to 3%, the highest since 2023. Although Canada’s Q2 GDP annualized growth rate rebounded to 3.3% and job gains from May to July exceeded 180,000, the trade war has led about two-thirds of surveyed economists to cut their expectations for business investment. The market expects the Bank of Canada’s next rate hike to occur in the first half of 2027. -Original text
7. Singapore’s MAS proposes 100% reserve-backed stablecoins and mandatory redemptions
The Monetary Authority of Singapore (MAS) proposes converting the stablecoin framework into mandatory legislation, requiring stablecoins to be supported by 100% reserves and to have a par redemption mechanism, and prohibiting issuers from paying interest or returns. -Original text
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