bit.fan
Policy Regulation
2 days agoNews Editor

Gold slips as stronger U.S. inflation data and rising oil prices lift rate-hike expectations

Gold fell on Friday after rising oil prices and firm U.S. inflation data strengthened market expectations that the Federal Reserve could raise interest rates again later this year. The move came as investors reassessed the policy outlook following an acceleration in U.S. inflation for September. Tim Waterer, chief market analyst at KCM Trade, said the decline in gold was putting technical support near the $4,000 level under pressure. His comments tied the metal’s weakness to a market environment in which higher inflation and energy prices were reinforcing expectations for tighter monetary policy. The report said the September inflation reading in the United States added support to expectations that the Fed will deliver a rate hike in December. The combination of stronger inflation and higher oil prices has pushed rate expectations higher, weighing on gold prices at the end of the week.

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Gold slips as stronger U.S. inflation data and rising oil prices lift rate-hike expectations
US macro
2 months agoNews Editor

ADP jobs data and PCE due tonight could reset October Fed hike bets

U.S. macro traders are watching two releases scheduled for tonight. The September ADP employment report is due at 20:15, with expectations for an increase of 70,000 jobs. Fifteen minutes later, at 20:30, the August Personal Consumption Expenditures (PCE) reading, the inflation gauge preferred by the Federal Reserve, is set for release. Core PCE is expected to hold at 3.3% on an annual basis. The update comes after Federal Reserve official John Williams unexpectedly sent a dovish signal, which pushed market expectations for an October rate hike down to roughly even odds. According to the report cited by Odaily and attributed to Jin10, a hotter-than-expected outcome in both the ADP and PCE releases could revive bets that the Fed may still raise rates in October. The report did not provide any additional market pricing details beyond that shift in expectations.

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ADP jobs data and PCE due tonight could reset October Fed hike bets
Bessent
2 months agoNews Editor

Bessent says both he and Trump have full confidence in Fed Chair Warsh

U.S. Treasury Secretary Bessent said he has full confidence in Federal Reserve Chair Warsh and believes Warsh will make the right decisions for the Fed’s mandate. Bessent added that President Donald Trump also has confidence in Warsh. He also said core inflation has not risen and that none of the indicators have changed. According to his remarks, officials will keep watching whether any supply shock emerges on the energy side. The comments, cited by Odaily and attributed to Jin10, focused on confidence in Warsh’s policy judgment and on Bessent’s view that current inflation readings and related indicators remain stable for now.

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Bessent says both he and Trump have full confidence in Fed Chair Warsh
Policy and Regulation
3 months agoNews Editor

WuBlockchain roundup: US jobless claims hit 206,000 as Tornado Cash phishing, HTX, OKX and Hyperliquid updates surface

WuBlockchain’s daily crypto roundup covered five separate developments across macro data, security incidents, exchange operations and US market access. First, US initial jobless claims for the week ended Aug. 15 came in at 206,000, below the 210,000 consensus estimate, while the prior reading was revised from 209,000 to 212,000. Second, a user reportedly lost 1,010 ETH after visiting a phishing site tied to Tornado Cash’s expired former domain, tornado. cash, which community disclosures said had been re-registered by an attacker after the original team could not renew it following OFAC sanctions. Third, HTX denied any role in reported “address poisoning” transfers and said some affected users may have had funds frozen on Kraken, with one known case involving about $4.2 million. Fourth, OKX said it had restricted Hong Kong staff, as well as employees traveling through China, from using Anthropic’s Claude after a brief suspension of its enterprise account in early August, citing Anthropic’s regional access rules. Fifth, President Donald Trump said CFTC Chair Mike Selig is pushing Hyperliquid’s compliant entry into the US market, with HYPE briefly rising from about $62 to $72.3, a gain of roughly 16%.

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WuBlockchain roundup: US jobless claims hit 206,000 as Tornado Cash phishing, HTX, OKX and Hyperliquid updates surface
US macro
3 months agoNews Editor

WuBlockchain roundup: U.S. July ADP misses estimates, Binance-linked entities sue RedotPay founders

WuBlockchain’s latest daily crypto roundup covered seven separate developments across macro data, litigation, stablecoins, market commentary, AI-related crypto projects, corporate earnings and exchange-traded funds. In the U.S., July ADP employment rose by 44,000, below the 70,000 consensus and the prior reading of 98,000. In legal news, Binance-linked entities Nest Trading, DistributedTechnologies and Chaintecs Consulting Singapore filed suit in Hong Kong against RedotPay co-founders Gao Zhangpeng, Chan Wa Choi and Yao Chao, alleging they diverted more than 470,000 Binance users to RedotPay and caused $472.8 million in losses; RedotPay denied the claims and said operations would continue as usual. Circle reported second-quarter 2026 revenue and reserve income of $701 million, with USDC circulation at $73.3 billion and on-chain transaction volume at $14.8 trillion. BitMEX founder Arthur Hayes argued in a new essay that an AI bubble collapse could trigger renewed money printing and a return to a Bitcoin bull market. Shaw, founder of ai16z, said the token would go to zero and the foundation would shut down while the team keeps building Eliza and open-source AI agents. SpaceX posted sharply higher quarterly revenue while its Bitcoin carrying value fell to $1.098 billion, and Hashdex said it would shut down and liquidate its Bitcoin ETF, DEFI.

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WuBlockchain roundup: U.S. July ADP misses estimates, Binance-linked entities sue RedotPay founders
WuBlockchain
4 months agoNews Editor

WuBlockchain daily roundup: US jobless claims, Fed hold, CZ remarks and two crypto fraud cases

WuBlockchain’s daily crypto news selection brought together five separate developments spanning US macro data, monetary policy, industry commentary and fraud enforcement. In the US, initial jobless claims for the week ending July 25 came in at 197,000, below the 200,000 consensus estimate, while the prior reading was revised to 188,000 from 187,000. June core PCE inflation was reported at 3.3% year over year, matching expectations and down from 3.4% previously. The Federal Reserve left the federal funds target range unchanged at 3.50% to 3.75% in a 9-3 vote. Its statement said economic activity was still expanding at a solid pace despite elevated uncertainty tied in part to the Middle East conflict. Productivity and capital spending remained strong, employment growth was broadly in line with labor force growth, and inflation was still above the 2% target. Beth Hammack, Neel Kashkari and Lorie Logan dissented in favor of a 25-basis-point hike. CZ, responding to debate around Giggle Academy’s sale of donated tokens, said he had not communicated with the team about the recent sales. He added that the project typically converts most donated tokens into BNB at month-end and said he may buy or sell one or two meme coins in the coming weeks to test new features. The roundup also covered a fake Flare Network staking phishing case in Seoul and a bitcoin extortion warning issued by China Business Journal.

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WuBlockchain daily roundup: US jobless claims, Fed hold, CZ remarks and two crypto fraud cases
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