Key Takeaways
-
Macro Environment: The annual non-farm payroll data was significantly revised downward, supporting expectations of Fed rate cuts while raising concerns over economic weakness. U.S. equities opened lower but closed higher, with all three major indexes gaining and tech stocks driving the Nasdaq to a new high.
-
Crypto Market: The revised NFP data interrupted Bitcoin’s Asia-session optimism, triggering a 1.66% plunge before rebounding in sync with tech stocks and closing lower. ETH volatility continued to narrow, with ETH/BTC hovering around 0.038. Altcoin market cap rose for the sixth consecutive day, signaling steady sentiment recovery.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,512.62 | +0.21% |
| NASDAQ | 21,879.49 | +0.37% |
| BTC | 111,531.4 | -0.48% |
| ETH | 4,309.54 | +0.07% |
Crypto Fear & Greed Index: 49 (vs. 48 yesterday), Neutral.
Today’s Outlook
-
U.S. August PPI
-
LINEA TGE
Project Highlights
-
Hot Tokens: WLD, KAITO, IP
-
IP: Heritage Distilling shifted focus to an IP token treasury strategy, driving a 20% surge in IP.
-
CRO: Truth Social will allow users to convert platform “Gems” into CRO tokens.
-
LINK: U.S.-listed LINK treasury strategy company Caliber completed its first LINK token purchase.
-
FLOCK/WLD: Upbit listed Flock(FLOCK) and Worldcoin (WLD), supporting KRW trading pairs.
-
KMNO: Coinbase added Kamino (KMNO) to its listing roadmap.
-
Grayscale: Filed multiple applications with the U.S. SEC seeking approval for BCH, Hedera, and LTC ETFs.
Macro Economy
-
U.S. 2025 preliminary non-farm payroll benchmark revision: -911,000 (vs. -710,000 expected; -598,000 prior).
-
U.S. Treasury Secretary Bessent: Milan will be ready for the Fed’s Sept 17 FOMC meeting.
-
U.S. Supreme Court to hear Trump’s tariff case in early November.
-
Israel claimed precision strikes on senior Hamas figures in Qatar, sending crude oil sharply higher intraday.
Industry Highlights
-
CBOE to launch continuous Bitcoin and Ethereum futures starting Nov 10.
-
Metaplanet raised ~$1.4B, with 90% allocated to buying more Bitcoin.
-
Crypto futures now account for 70–80% of trading volume on Indian exchanges.
-
Nasdaq to acquire a $50M stake in Gemini via private placement.
-
U.S.-listed company QMMM announced a crypto treasury plan targeting Bitcoin, Ethereum, and Solana.
-
SharpLink initiated a $1.5B stock buyback program.
-
The first U.S. Dogecoin ETF (DOJE) is set to begin trading this Thursday.
-
Yunfeng Financial received approval from Hong Kong’s SFC to offer virtual asset trading services.
-
Vietnam approved a five-year pilot program for a crypto trading market.
-
Kyrgyzstan’s Finance Minister proposed establishing a national Bitcoin strategic reserve.
-
Spain’s BBVA will use Ripple technology for retail digital asset custody under the EU’s MiCA framework.
This Week’s Outlook
-
Sept 10: U.S. Aug PPI; LINEA TGE
-
Sept 11: U.S. Aug CPI; ECB rate decision; APT unlock (2.20%, ~$48M)
-
Sept 12: U.S. Sept 1-year inflation expectations (prelim.); Univ. of Michigan Sept consumer sentiment index (prelim.)
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
