Key Takeaways
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Macro Environment: Ahead of the annual non-farm payroll revision, Bessent provided forward guidance suggesting that the U.S. economy will accelerate sharply in Q4. Investors are betting on a soft landing, and market sentiment remains optimistic. All three major U.S. stock indexes rebounded, with the Nasdaq reaching a new high.
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Crypto Market: Optimism from macro sentiment pushed Bitcoin higher for two consecutive days, but it continues to face resistance near the short-term holder cost basis at $112.8K. ETH volatility has narrowed, consolidating around $4,300, while the ETH/BTC ratio fell for three straight days. Altcoin market cap excluding BTC and ETH reached a four-month high, with several altcoins showing strong activity.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6495.16 | +0.21% |
| NASDAQ | 21798.70 | +0.45% |
| BTC | 112069.40 | +0.84% |
| ETH | 4,306.35 | +0.02% |
Crypto Fear & Greed Index: 48 (vs. 51 yesterday), Neutral level.
Today’s Outlook
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U.S. Bureau of Labor Statistics to release the annual preliminary benchmark revision of non-farm payrolls.
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SOL Strategies approved to list on Nasdaq on Sept 9 under ticker STKE.
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S Token Unlocks: 5.02% of supply (~$45.4M).
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MOVE Token Unlocks: 1.89% of supply (~$5.9M).
Project Highlights
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Hot Coins: SOL, WLD, LINK
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SOL: Forward Industries announced a $1.65B private placement for Solana treasury strategies.
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WLD: Eightco completed a $250M private round and launched its WLD treasury strategy. Well-known tech analyst Dan Ives will become the company’s chairman.
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AI Sector: Boosted by WLD treasury sentiment, AI tokens rallied collectively, with KAITO, AI16Z, ARKM, GOAT, VIRTUAL, and RENDER leading gains.
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MYX: Surged over 283% in 24 hours, sparking unusual movements in Binance’s newer listings with contracts such as OPEN, XNY, Q, and PTB.
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DOGE: CleanCore purchased $68M in DOGE to initiate a Dogecoin treasury strategy.
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LINK: Grayscale filed an S-1 application with the U.S. SEC for a Chainlink ETF.
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SPX/FLOCK: Coinbase to list SPX6900 (SPX) and Flock (FLOCK).
Macro Economy
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Spot gold continues to hit new all-time highs.
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U.S. Supreme Court justice temporarily allows Trump to remove FTC commissioners.
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U.S. Senate Banking Committee to vote on Milan’s Fed governor nomination on Sept 10.
Industry Highlights
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Strategy purchased 1,955 BTC last week for $217.4M at an average price of ~$111,196 per BTC.
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BitMine added 202,469 ETH last week, bringing total holdings to over 2.06M ETH.
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South African listed company Altvest plans to raise $210M to buy Bitcoin.
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Sky joined the competition for USDH stablecoin issuance rights under
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Nasdaq filed a proposal with the SEC to allow trading of tokenized securities.
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U.S. SEC crypto task force to hold a financial regulation and privacy roundtable on Oct 17.
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ICBC Asia and HSBC expressed intent to apply for stablecoin licenses with the Hong Kong Monetary Authority.
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Kazakhstan’s president called for establishing national crypto reserves and digital asset law by 2026.
This Week’s Outlook
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Sept 9: BLS non-farm payroll benchmark revision; SOL Strategies Nasdaq listing (STKE); S unlock (5.02%, ~$45.4M); MOVE unlock (1.89%, ~$5.9M).
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Sept 10: U.S. Aug PPI; LINEA TGE.
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Sept 11: U.S. Aug CPI; ECB rate decision; APT unlock (2.20%, ~$48M).
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Sept 12: U.S. Sept 1-year inflation expectations (prelim.); Univ. of Michigan Sept consumer sentiment index (prelim.).
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