The UK Pauses Steel and Aluminum Zero Tariff Quota Deal with the US, Shifts Focus to 'Permanent 25% Tariff'
September 16th. As per the Financial Times, it is reported that UK Prime Minister Starmer has put aside the notion of "certain quota of zero tariffs for UK steel exports to the US" and is inclined to negotiate with Trump to obtain a "permanent" 25% tariff treatment for all UK steel exports.
Starmer's allies disclosed that if UK steel exports could secure a fixed 25% tariff commitment, it would bring "certainty" to the industry and give it a competitive edge - as this tariff rate is only half of the 50% tariff paid by other countries.
UK government officials indicated that the current 25% preferential tariff enjoyed by UK steel is intended to be designated as a "permanent treatment". Although a "formal agreement" has not been reached yet, it is expected to be announced during Trump's three-day state visit to the UK starting on Tuesday.
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Fed Dovish Signal Heats Up, Boosting Gold Above $3700
September 16th: Spot gold reached another record high, exceeding the $3700 level. While investors are gearing up for the Federal Reserve's monetary policy statement, the widespread selling pressure on the US dollar has propelled gold to keep rising.
Although the market generally anticipates that the Fed will reduce the policy rate by 25 basis points, the revised economic projections and the voting pattern of the Federal Open Market Committee may indicate a gradually more dovish tone. On Monday, Senate Republicans confirmed that White House economic adviser Milan will join the Federal Reserve Board of Governors.
Milan is regarded as dovish and is likely to lean towards a 50 basis point rate cut, and he will be able to cast a vote at the upcoming meeting. In addition, Federal Reserve Governors Bowman and Waller - the nominee to succeed Chair Powell next year - may, similar to their actions at the July meeting, convey messages by demonstrating a dovish stance.
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BitDeer Launches Bitcoin Miner SEALMINER A3 Series with an Energy Efficiency as Low as 12.5J/TH
On September 16th, BitDeer (NASDAQ: BTDR) officially launched a new generation of Bitcoin miners - the SEALMINER A3 series.
This series encompasses four models: the A3 Pro with air cooling, the A3 Pro with water cooling, the A3 with air cooling, and the A3 with water cooling.
Among them, both the A3 Pro with air cooling and the A3 Pro with water cooling models boast an energy efficiency ratio as low as 12.5 J/TH. The A3 with water cooling model has an energy efficiency ratio of 13.5 J/TH, and the A3 with air cooling model has an energy efficiency ratio of 14 J/TH.
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If Ethereum drops below $4300, the aggregated long liquidation on major CEXs will reach $9.11 billion.
On September 16th, according to Coinglass data, if Ethereum falls below $4300, the cumulative strength of long liquidation on mainstream CEXs will reach $911 million.
Conversely, if Ethereum surpasses $4500, the cumulative strength of short liquidation on mainstream CEXs will reach $661 million.
BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster relative to nearby clusters, that is, strength.
Therefore, the liquidation chart shows to what extent the price of an asset will be impacted when it reaches a certain level. Higher "liquidation bars" indicate that when the price reaches that level, a more intense reaction will occur due to a liquidity cascade.
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