Odaily News Tim Duy, Chief US Economist at SGH Macro Advisors, said that the recent appearance of multiple Fed officials casting dissenting votes on rate decisions has become more common over the past few years. Especially during periods when the economy faces multiple pressures and the policy path is unclear, strong disagreements among officials are likely, leading to more dissenting votes.
Regarding the upcoming release of the Fed's meeting minutes, Duy believes the market's core focus will be on how widespread officials' concerns about inflation truly are. He noted that at the time, inflation was clearly running above the Fed's target, and policymakers worried that inflation would not quickly return to target levels. Meanwhile, the labor market was seen as having stabilized, which led some officials to strongly believe the Fed should raise rates to curb inflationary pressures. As a result, the market will closely watch how many Fed officials share this assessment, and whether concerns about inflation have formed a broader consensus within the decision-making ranks. The degree of divergence among officials over the policy path will also serve as an important clue for judging the future direction of interest rates.
Odaily News: Standard Chartered and HSBC have completed the first real-time cross-border transaction executed via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) blockchain ledger. The transaction exchanged payment messages through the SWIFT ledger, with the corresponding debts recorded respectively on HSBC's Tokenised Deposit Service and Standard Chartered's tokenised deposit infrastructure.
The SWIFT ledger matches and nets off the debts of both parties before final settlement, with the ultimate settlement still completed through existing payment systems. The ledger is designed to connect tokenised deposits issued across different banking infrastructures, supporting round-the-clock cross-border payments while retaining existing settlement, compliance, and risk control mechanisms. (Cointelegraph)
Odaily News: According to market sources, the U.S. Commodity Futures Trading Commission (CFTC) is seeking public comments on the listing of hashrate derivative contracts. (Jin10)
Odaily News – Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin (BTC) could rise to $100,000 by the end of 2026 as the U.S. Treasury expands liquidity support for the long-term bond market.
In a recent client report, Kendrick noted that Bitcoin's current key technical resistance level is $65,500. If the price breaks through this level, it could signal that the cyclical low for this market cycle has already formed. He suggested investors begin positioning for a Bitcoin rally to $100,000 by year-end. Kendrick stated that beyond the four-year cycle pattern for Bitcoin, which suggests the market may be nearing a bottom, the U.S. Treasury's recent announcement to expand long-term bond buybacks is also a significant catalyst.
The U.S. Treasury plans to raise the cap on buyback operations for 10- to 20-year and 20- to 30-year Treasury bonds from $2 billion to at least $4 billion per operation. The expanded program is scheduled to be implemented from September 9 to November 4. Following the announcement, yields on long-term U.S. Treasuries notably declined, easing the pressure that the significant sell-off in the bond market had placed on financial markets.
Kendrick believes the Treasury's expanded bond buybacks represent a "favorable environment for Bitcoin," as Bitcoin has previously benefited multiple times from government liquidity interventions, while its fixed supply mechanism gives it properties that hedge against currency debasement. In the market, Bitcoin rose over 6% on Wednesday, briefly approaching $69,000, marking its highest level since early June. Kendrick has previously been repeatedly bullish on Bitcoin's long-term trajectory, arguing that as global fiscal pressures increase and monetary policy trends toward easing, Bitcoin may enter a new long-term upward cycle. (Cointelegraph)
Odaily News: According to MSX.COM data, Strategy has surged over 14%. The stock price has broken through $105 and is currently reported at $105.7.
On the news front, Bitcoin briefly surpassed $69,000.
Odaily News: Galaxy Research Head Alex Thorn stated on the X platform that retail buying sentiment for BlackRock's Bitcoin exchange-traded fund IBIT has reached its highest level in two years today.
Odaily星球日报讯 受美国财政部扩大国债回购规模、市场流动性预期改善推动，比特币周三美股开盘后大幅上涨，创自 6 月 2 日以来最高水平。
此前，美国财政部宣布将自 9 月 9 日起扩大长期国债回购操作规模，单次回购上限将从 20 亿美元至少提高至 40 亿美元。该举措被市场视为向长期债券市场提供更多流动性支持，推动风险资产普遍上涨。受消息影响，美国 30 年期国债收益率快速回落，较此前近 20 年来高位下降约 9 个基点至 5.19%。美国财政部表示，扩大回购规模旨在满足长期国债市场中持续存在的投资者需求，并提升市场流动性。
不过，分析机构指出，此次回购并非减少美国债务，而是调整国债期限结构。随着美国政府债务规模逼近 40 万亿美元，市场仍关注财政压力和利息支出增长风险。Bitfinex 表示，尽管比特币近期反弹，但上涨空间仍受到稳定币流动性不足限制。数据显示，自 5 月以来，交易所中的稳定币供应量已减少约 140 亿美元。此外链上数据显示，衡量比特币市值与稳定币总市值关系的稳定币供应比率（SSR）近期持续上升，自 6 月 30 日的 9.82 升至 11.69，显示市场流动性环境仍偏紧张。
分析人士认为，美国财政流动性预期改善可能为比特币及风险资产提供短期支撑，但稳定币资金未明显回流，意味着后续上涨仍需更多资金确认。（Cointelegraph）
Odaily News: Trump stated that many ships passed through the Strait of Hormuz last night, and the U.S. has full control over the strait. However, the flow of oil through the Strait of Hormuz will not be entirely smooth. When this is all over, oil prices will drop significantly. Negotiations with Iran could take place at some point, but Iran cannot possess nuclear weapons because they would use them.
Regarding trade issues with Canada, Trump said he had a good conversation with Canadian Prime Minister Carney last night. We have no tariffs on Canada, and our farmers will no longer face tariffs because we have reached a deal. The agreement still requires final documentation. (Jin 10)
According to Odaily, OKX market data shows that Bitcoin briefly rose to $69,888, hitting a new high since June 2; Ethereum briefly rose to $2,119.65, reaching a new high since May 27.
Additionally, data from Coinglass shows that liquidations across the entire network expanded to $1.309 billion in the past hour, with BTC liquidations reaching $774 million and ETH liquidations totaling $433 million.
