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Share link:In this post: Analysts warn Trump’s potential removal of Fed Chair Jerome Powell could raise U.S. borrowing costs by nearly $60 billion a year due to spiking Treasury yields. Investors may demand higher interest rates if they believe the Fed is losing independence, threatening its ability to control inflation and sparking wider market volatility. Higher yields could make U.S. debt unsustainable, weaken the dollar, and push mortgage rates above 7%, worsening an already sluggish housing market.
Share link:In this post: Nvidia plans to restart H20 chip exports to China but needs U.S. license approvals. CEO Jensen Huang sold $50 million worth of Nvidia shares this week under a pre-arranged plan. China signaled that U.S. export approvals for the H20 chip may move forward.
Numerai, a pioneering decentralized hedge fund leveraging crowdsourced machine learning, has declared plans to buy back $1 million worth of its native token Numeraire (NMR) from the open market.
- 17:13Greeks.live: The market is currently in a downward trend, and September has historically been a month of weak capital inflows.BlockBeats News, on September 4, Greeks.live macro researcher Adam tweeted, "The market is currently in a clear downward trend. BTC's short- and medium-term IV has risen to 40%, and ETH's short-term IV has surged to 70%. The increase in short-term IV indicates that the market expects higher volatility this week. The decline in crypto-related stocks in the US stock market, especially the MicroStrategy series of stocks, is the trigger for this downturn. Historically, September has always been a month of weaker capital inflows, while the last quarter tends to see more abundant funds. Today's block trading volume of put options is also rising rapidly, with a total transaction amount of $1.17 billion, accounting for 30% of the day's total trading volume, showing that a defensive mindset has become mainstream."
- 17:13pump.fun: Repurchased PUMP tokens worth $12,192,383 in the past weekBlockBeats News, on September 4, pump.fun tweeted that in the past week, a total of $12,192,383 worth of PUMP tokens were purchased, accounting for 98.23% of the total revenue during the same period (from August 28 to September 3). This PUMP purchase has reduced the total circulating supply by 5.363%, an increase of 1.102% compared to last week.
- 17:12Payment public chain Tempo, incubated by Stripe and Paradigm, has launched its private testnetBlockBeats News, September 5, according to official sources, the payment public chain Tempo, incubated by Stripe and Paradigm, has launched its private testnet. Tempo is specifically designed for stablecoins and real-world payments, aiming to provide low fees, support for transferring and paying gas fees with any stablecoin, optional privacy, and over 100,000 TPS. The first batch of partners includes Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered Bank, Visa, and others. Tempo's application scenarios cover global payments and collections, payroll distribution, embedded financial accounts, fast and low-cost cross-border remittances, tokenized deposits with 24/7 settlement, micropayments, agent payments, and more. Tempo is built on Reth and is compatible with EVM.