Federal Reserve's Harker: May Temporarily Hold Rates Steady

Boosted by expectations of faster interest rate hikes from the Bank of Japan and potential capital inflows into Japanese assets, the yen has extended its recent rally against the U.S. dollar. During Tuesday’s Asian trading session, the yen rose to a six-month high against the U.S. dollar, surpassing levels hit in late July when the U.S. and Japan intervened jointly in the foreign exchange market to curb the yen’s weakness. After Japanese Finance Minister Katsunobu Kato stated Japan will continue coordinating with the U.S. to ensure market stability, investors remain alert to the possibility of further intervention. Kato said at a Tuesday press conference: “We will maintain close communication with the U.S. Treasury and strive to preserve order in the foreign exchange market. Since the joint currency intervention with the U.S., our policy stance has not changed at all.” Christopher Wong, foreign exchange strategist at Oversea-Chinese Banking Corporation (OCBC) Research Department, noted: “The market has now almost fully priced in a 25-basis-point interest rate hike at next week’s Bank of Japan meeting. Remarks from economic advisor Sanae Takaichi have also driven a shift in rate expectations, with her projecting further tightening after a September rate hike.” (Source: Jin10)

Beating AI Express (from Dongcha) – NVIDIA CEO Jensen Huang shared data from compute power marketplace Ornn. Ornn noted that the H100, a training GPU released years ago, has seen its rental price surge by 22% over the past month, reaching a new high of $3.28 per unit per hour. Huang used this to emphasize that NVIDIA’s compute power can be continuously rented out for profit, serving as a revenue-generating asset. Ornn’s H100 Index is calculated based on actual rental transaction prices. Its daily settlement price on September 7 stood at $3.17 per hour, and Ornn’s latest displayed price has since climbed to $3.28. This data directly supports the "compute power durability" logic that Huang has repeatedly highlighted recently. NVIDIA also stated in its latest earnings call that GPUs can be redeployed across different clients and workloads.

According to official announcements, Upbit will list Cluster Protocol (CP), supporting trading pairs against KRW, BTC, and USDT.

According to market data, driven by CP’s listing on Upbit, South Korea’s largest cryptocurrency exchange, the token saw a short-term surge of over 50% and is now trading at $0.0256.

According to a Financial Times report citing people familiar with the matter, Chinese memory chip manufacturers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC) have both purchased sufficient deep ultraviolet (DUV) lithography machines from ASML to meet their three-year expansion plans.

According to TradingBeats monitoring, the largest whale on Hyperliquid tracked earlier—an address starting with 0xf517—has adjusted its previously set BTC dip-buying plan. On September 2, the address placed three tiers of buy orders totaling approximately $76.88 million at $71,111 to $75,777, with a plan to purchase $76 million worth of BTC; above that, it had set a $70 million-level take-profit grid. However, BTC rallied immediately afterward, leaving none of the three buy orders filled, and all were canceled on September 4. Now, the whale has significantly shifted its entry point higher: it currently holds only one concentrated buy order for 956.85 BTC at $77,888, worth approximately $74.527 million. Compared to its previous highest entry price of $75,777, this is an increase of roughly $2,111, or 2.8%; at current BTC prices, a pullback of just around 1.4% would trigger the order. During the period of missing out on position expansion, the whale also partially realized gains from its original positions. It has taken a total profit of 28.05 BTC, generating approximately $64,000 in profit, and its current holdings have dropped to 78.31 BTC, a reduction of about 26.4%. However, its original upper take-profit plan remains unchanged: there is still a roughly $6.96 million "position-reduction only" sell order at $88,888, and 163 regular sell orders worth approximately $70.32 million between $84,509 and $108,720. Earlier report: A BTC whale pre-placed a $158 million large order to prepare for "bull market conditions", projecting BTC to rally all the way to $100,000.