Odaily News: Fed's Musalem stated that raising interest rates now could help avoid more aggressive actions in the future, as high inflation is driven by shock factors and sustained demand. (Jin10)
Odaily News: Federal Reserve's Musalem stated that monetary policy is currently in a neutral or accommodative stance, financial conditions are fairly loose at present, the Fed is focused on keeping monetary policy independent from fiscal policy, and strong growth and investment are impacting the bond market. The Federal Reserve's credibility is not in question. (Jin10)
Odaily reported that Coldcard has released the latest firmware 5.6.1 (Mk4/Mk5) and 1.5.1Q (Q). This update is based on a three-week security review following the emergency fix on July 31, addressing security risks brought by the previous mnemonic generation attack. Each newly generated mnemonic must now include at least one source of user entropy, including at least 65 irregular keystrokes, 50 physical dice throws, or 128 physical coin flips, combined with fresh entropy provided by STM32 TRNG, SE1, and SE2. The new firmware also adds instant staged PSBT verification before signing, strengthens USB connection and firmware update boundaries, improves Delta Mode isolation mechanisms, fixes active wallet backup issues, enhances random number generator initialization and fault checking, adjusts SIGHASH default settings, and includes multiple security and correctness improvements. Coldcard stated that this update aims to further reduce the risk of device attacks. The official reminder notes that updating the firmware cannot fix existing mnemonics generated by previously affected firmware. If users' mnemonics fall within the scope of this security advisory, they should first update the device, then generate and verify a completely new mnemonic, and migrate funds to the new wallet. Coldcard recommends that all Mk4, Mk5, and Q users update their devices promptly and verify the signature of the downloaded firmware.
Odaily News: Bitcoin's recent upward momentum has strengthened, and it is approaching the formation of a "Golden Cross" technical pattern, which the market views as a long-term bullish signal.
Data shows that Bitcoin's current price has broken above $71,000, accumulating gains of over 12% in the past week. BTC's price is currently slightly above its 200-day simple moving average (SMA), with its 50-day moving average at approximately $63,976 and its 200-day moving average at around $69,005. If the 50-day moving average continues to climb and crosses above the 200-day moving average, a golden cross could form.
The 200-day moving average is commonly used to gauge the market's long-term trend. Sustained trading above this indicator is often viewed as a signal of a shift from a bear market to a bull market, while a break below it may suggest a weakening long-term trend.
Previously, Bitcoin had remained below its 200-day moving average since October 2025, when the price was around $110,000, keeping the market's long-term trend under continuous pressure. Historical data shows that BTC formed golden crosses in February 2023, October 2023, October 2024, and April 2025, each followed by further upward movements.
However, market uncertainty persists. Analysts point out that the current rally could also be merely a technical rebound rather than the start of a new long-term uptrend. If Bitcoin falls back below the 200-day moving average, the bullish thesis underpinning the golden cross may face challenges. (CoinDesk)
Odaily News: U.S. Treasury Secretary Bessent, responding to questions about economic sanctions on Iran, stated that a press conference will be held next Monday to discuss related actions, adding that maximum economic pressure could mean military operations may not be restarted. The oil market has misunderstood the implications of economic pressure.
U.S. Treasury Secretary Bessent also stated that interest rates are unrelated to buyback decisions, and adjustments will be made to any form of Fed Treasury reduction. (Jin Shi)
Odaily News: U.S. Treasury Secretary Bessent stated that the scale of Treasury buybacks may exceed the announced $4 billion, the market has not focused on many potential factors, and will announce priorities for strengthening fiscal consolidation. Liquidity in the 30-year bond segment is particularly poor, Treasury yields are failing to reflect fundamentals, and the fiscal announcement may be released this weekend or early next week. (Jin10)
Odaily News: According to BitcoinTreasuries.NET monitoring, Strive has resumed accumulating SATA after a pause of over two months, having purchased 31 bitcoins.
Odaily reports that Coinbase has stated on the X platform that the U.S. is winning the cryptocurrency race, and CLARITY will help it cross the finish line.
Odaily Planet Daily News The issuer address of "Bull Come" became active again 3 hours ago, issuing a new token "Golden Bull". To date, this address has issued a total of 9 token types, with fees collected reaching 203.34 BNB, approximately $130,000. Meme coins typically lack real-world utility and are subject to significant price volatility.
Odaily News: Two U.S. officials said that the U.S. military has quietly established a shipping lane in and out of the Strait of Hormuz, ensuring that "millions of barrels" of oil can be shipped out of the Strait of Hormuz every day. Iran has not yet responded to the reports. (CCTV International News)
Odaily News: South Korean President Lee Jae-myung met with SK Group Chairman on Thursday. (Yonhap)
Odaily News According to Arkham monitoring, the whale "watershedpath" has been bullish on Hyperliquid's token HYPE for the long term and currently holds a long HYPE position worth approximately $100 million.
Data shows that this whale has continuously held a long HYPE position since October 2025, with the position size growing from approximately $55 million to the current $99.7 million. As the HYPE price rebounds, this position currently has an unrealized profit of approximately $46.3 million. It is reported that yesterday, the whale transferred some HYPE to Coinbase and cashed out approximately $10 million.
Odaily News, according to Gate data, spot silver's intraday gain expanded to 1%, reaching $67.67 per ounce, after previously falling 2%. The spot silver price hit a new high since June 18.
Odaily News: The U.S. Treasury Department has prohibited ESG funds from appearing in the "Trump account." (Fox News)
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.
He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.
Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)
According to Odaily, monitoring by Lookonchain shows that a whale has opened short positions on Bitcoin (BTC) and Ethereum (ETH) worth approximately $81.6 million. Data indicates that the address currently holds short positions on approximately 20,000 ETH, valued at around $45.69 million, as well as 500 BTC in short positions, valued at approximately $35.93 million.
Currently, the liquidation price for this account's ETH short position is approximately $2,327.03, while the liquidation price for the BTC short position is approximately $72,755.85.
