BlockBeats messages, on September 3, according to HTX market data, Bitcoin has surged continuously for the past few hours, rising by $3,000, strongly breaking through $81,000, with a 24-hour increase of 5.2%.
Trump: The U.S. ammunition stockpile is almost limitless, and production capacity is unprecedented
BlockBeats message. On September 3, Trump posted: “To those treacherous trash who refuse to report accurately our military action in Iran, we have almost unlimited quantities of mid- to high-grade ammunition, far exceeding what could possibly be used in this war or any other war (which is extremely unlikely to happen!). In addition, we are producing ammunition at unprecedented levels. We are stockpiling it and preparing for any unforeseen circumstances. We keep it for ourselves—for the United States—not for sale to other countries, but sales to allies will resume very soon. Also, let everyone know that the Biden administration has sent Ukraine far more ammunition than we used in Iran—and completely free of charge. Hundreds of billions of dollars were handed over to Ukraine and NATO for nothing, and Europe could have paid for it—if they were asked to. But we will get the money back, although a bit late!”
BlockBeats updates, September 3, according to TradingBeats monitoring, “Maji Brother” Huang Licheng again opened a long position on HYPE, with a current position value of $5.7 million, at an opening price of $82.93. He also holds:
ETH long positions totaling $99.0 million, opened at $2,427.06.
BTC long positions totaling $31.55 million, opened at $77,446.40.
BlockBeats message. On September 3, according to on-chain analyst Ai Yi (@ai_9684xtpa), a newly created address 0x362…95c45 transferred 1,000 PAXG gold tokens from OKX within the past 7 hours, worth $4.428 million. With tonight’s rise in gold prices, the position is now up by $36,000.
BlockBeats messages, September 3, according to Lookonchain monitoring, Abraxas Capital increased its holdings by 16,554 ETH spot in the past 12 hours, worth approximately $39.8 million. At the same time, its two hedging accounts on Hyperliquid collectively hold 120,178 ETH in short positions, worth approximately $291.4 million.
BlockBeats messages. On September 3, the odds of the Federal Reserve raising interest rates this month are basically at an even 50-50. According to CME’s “FedWatch” data, the market is currently pricing in a roughly 50% probability of a 25-basis-point hike. Just yesterday, investors’ priced-in probability of a rate hike was as high as 70%.
Previously, multiple Federal Reserve governors delivered remarks in an attempt to dispel the market view that a rate hike is already a foregone conclusion. Fed governor Waller said tonight that if the August data show inflation continues to improve, he would support keeping rates unchanged. A day earlier, New York Fed President Williams also said that the case for a rate hike is currently not compelling enough.
Fed Governor Waller: Transparent communication is better than "never explain"—the Fed needs to clarify its reaction rules
BlockBeats message: On September 3, Federal Reserve Governor Waller said the Fed must establish clear and consistent policy response rules, otherwise the market cannot make predictions. He noted that the specific quantification of the reaction function may have flaws, but qualitatively speaking, this point is very important; he also has a completely different view from Fed Chair Waller regarding the perfection of the reaction function. On the issue of Fed transparency, Waller said that bringing surprises to the market is of no benefit. He criticized "never explain" as an old model and not a good one either; it would be better to disclose some directions of future policy in an appropriate manner.
“Bonk Guy” holds USELESS worth $2.52 million, with an unrealized profit of $1.68 million
BlockBeats report: On September 3, according to Lookonchain monitoring, about 5 months ago, when the Solana ecosystem meme coin USELESS’s market cap fell to $30 million, the well-known crypto KOL “Bonk Guy” began using a dollar-cost-averaging (DCA) strategy to buy. Over the past month, “Bonk Guy” has continued purchasing USELESS tokens; his holdings now total 15.9 million USELESS, valued at $2.52 million, with an unrealized profit of $1.68 million. According to GMGN data, the Solana ecosystem meme coin USELESS surged more than 50% in 24 hours, with its market cap breaking $150 million. On September 1, “Bonk Guy” said that his bullishness toward USELESS is even higher than when he traded BONK in 2023. He believes USELESS previously rose from a market cap of about $4 million to $450 million in a non-bull-market environment, and that if it experiences a true bull market for the first time in the future, it could see even larger gains. After “Bonk Guy” issued his call on September 1, USELESS rose more than 50% that day, and its market cap surpassed $100 million.
BlockBeats message: On September 3, Nick Timiraos, a Wall Street Journal reporter known as the “Fed’s megaphone,” said that Federal Reserve Governor Waller’s overall stance has not undergone any fundamental change since July. However, there has been a shift in policy inclination: it has moved from the earlier concerns and a tendency to tighten monetary policy to a now cautious optimism and a preference for keeping interest rates unchanged. The final decision will ultimately depend on August inflation data. Waller’s response path for the policy meeting on September 15–16 is already very clear: if inflation continues moving toward the 2% target, rates will be kept unchanged; if the August inflation data runs high, an interest-rate hike will be considered.
BlockBeats message, September 3: the market reduced bets on the Federal Reserve raising rates. Earlier, Fed Governor Waller said inflation has shown signs of improvement.
According to CME’s “FedWatch” data, the probability of a Fed rate hike in September is currently 60.4%, and the next FOMC meeting will be on September 26.
Fed Governor Waller: Whether there will be a rate hike in September will depend heavily on next week’s August CPI
BlockBeats news: On September 3, after issuing remarks that could potentially support a rate hike, Fed Governor Waller backtracked. The labor market conditions are strong, and the August employment report is expected to continue this trend. Three-month core inflation shows "significant improvement," and the pace is "encouraging." Overall PCE and core PCE are not the best indicators for judging the inflation outlook. A pending revision to the U.S. Commerce Department's estimates of non-market prices could reduce 12-month PCE by a few tenths of a percentage point. Waller said the next interest-rate decision will "to a large extent depend on" the August inflation data to be released next week. "If we continue making progress toward the 2% target, then I would be willing to support keeping the policy rate at its current level. But if the inflation data comes in above expectations, I will consider raising rates. An acceleration in inflation may not necessarily prompt me to support tightening policy. If there is evidence in August that the momentum toward the 2% target is reversing, then making a modest adjustment to our policy stance would help ensure that inflation rebounds."
BlockBeats messages. On September 3, Federal Reserve Governor Waller said: If the August inflation data continues recent progress, it will support maintaining the policy rate unchanged. If the August inflation data is strong, policymakers will consider supporting a rate hike in September. It may not be necessary for inflation to accelerate significantly to support a more restrictive policy stance.
BlockBeats message: On September 3, for the week from August 29 in the U.S., the initial jobless claims recorded 206,000, a new high since the week of August 15, and market expectations were 205,000.
BlockBeats message: On September 3, according to a report by BusinessWire, Cari, a bank-led digital currency network, announced the completion of the first phase of its initial external fundraising round, raising a total of US$32.5 million. All investors are banking institutions. The investors include six design partner banks for Cari—First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, and SouthState Bank—along with other banking institutions such as Glacier Bank. Keefe, Bruyette & Woods (Stifel) served as the financial advisor for this transaction.
BlockBeats messages, on September 3, according to OnchainLens monitoring, a certain HYPE whale has, within the past 17 hours, cumulatively withdrawn 824,350 HYPE tokens from Coinbase, roughly worth $67.52 million.
So far, this wallet has accumulated withdrawals of about 865,840 HYPE tokens from Coinbase, with a total value of about $70.64 million.
Former NBA star Omri Casspi completes fundraising of $250 million for the third fund; Swish Ventures’ asset management scale reaches about $800 million
BlockBeats message: On September 3, the first Israeli player to enter the NBA, Omri Casspi, has raised $250 million for the third fund of his venture capital firm, Swish Ventures, bringing his total assets under management to about $800 million. The new fund plans to invest in around 12 startups, with an average single investment of about $20 million. It will mainly focus on four areas: cybersecurity, artificial intelligence, defense, and infrastructure. The investment stages will primarily be the seed and Series A rounds. It can both co-lead with other funds and participate as an on-the-side party entering financing rounds. The company also operates an opportunity fund, which will be used to further increase its stakes in the already-invested companies during later growth stages.
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