BTCC Evening News Highlights (September 6)

1. US Markets Closed Monday for Labor Day as Stock Futures Edge Lower in Asian Trading

September 7 is the US Labor Day holiday, with both the New York Stock Exchange and Nasdaq cash markets closed, along with the bond market. Major US equity futures edged lower during Asian trading as investors digested developments in the Middle East, last week’s employment report and inflation data due later this week.

2. Probability of September Fed Rate Hike Rises Back to Around 58%

After stronger-than-expected US employment data last week, traders increased bets on another Federal Reserve rate hike. Latest interest-rate market pricing shows a roughly 57%–58% probability of a September hike, well above the sub-50% level seen after Waller’s dovish remarks.

3. US August CPI Due Friday, Core Inflation Expected to Rise 0.2% Month-on-Month

Markets are turning their attention to the US August consumer price index due Friday. The median forecast in a Reuters poll calls for core CPI to rise 0.2% month-on-month. A reading of 0.3% or higher could further strengthen expectations for a September rate hike and renew pressure on bonds and risk assets.

4. Takaichi Economic Adviser Shifts to Support BOJ September Rate Hike

Aida Takuji, an economic adviser to Japanese Prime Minister Sanae Takaichi who has long been regarded as a reflationist, said he expects the Bank of Japan to raise rates in September and potentially continue hiking on a quarterly basis through next January. His shift suggests resistance within the Japanese government to further monetary tightening is easing.

5. Japan Spends Nearly $99 Billion on Currency Intervention in One Month

Between July 30 and August 26, Japan spent a cumulative 15.4 trillion yen, or approximately $98.66 billion, intervening in the foreign-exchange market, the largest monthly amount on record. The action also included the first coordinated US-Japan currency intervention since 2011, helping pull the yen away from its roughly 40-year low near 164.

6. Brent Holds Above $96 After Gaining 7.8% Last Week

Brent crude held above $96 per barrel in early Asian trading, while WTI traded around $92. Brent gained 7.8% last week and WTI rose nearly 10%. After renewed US and Iranian attacks on vessels, markets once again raised the risk premium for prolonged supply disruption through the Strait of Hormuz.

7. Bitcoin Holds Near $80,000 as Crypto Market Moves Into Consolidation

Latest BTCC data showed Bitcoin trading around $79,967, little changed over 24 hours and still up roughly 3% over seven days. ETH traded around $2,507, up 0.43% over 24 hours. Total crypto market capitalization stood near $2.71 trillion as the market shifted into consolidation following last week’s elevated volatility.

8. SOL Gains Around 2% as ZEC and LINK Outperform the Broader Market

Among the top 100 cryptocurrencies by market capitalization, ZEC traded around $1,227, up roughly 20% over 24 hours, while LINK rose about 6.5% to around $12.8. SOL traded near $105–$106, up around 2%, highlighting increasing divergence among higher-beta crypto assets.

9. Deutsche Bank Raises Robinhood Price Target to $136, Adding New Catalyst for Crypto Stocks

Deutsche Bank maintained its “Buy” rating on Robinhood and raised its price target from $115 to $136. Robinhood Chain generated approximately $10.8 million in fee revenue over five days, already exceeding Deutsche Bank’s previous estimate of $4.6 million for the entire third quarter, prompting an upward revision to its EPS forecast.

10. 600 BTC Dormant for 16 Years Move, Worth Around $48 Million

On-chain monitoring showed that 12 Bitcoin block-reward addresses mined in 2010 transferred a combined 600 BTC after remaining dormant for more than 16 years. The coins were worth approximately $48 million. Whale Alert said current research has found no connection between the addresses and Satoshi Nakamoto.