Yemen's Houthi armed group seizes control of the Bab el-Mandeb Strait, triggering a 4% intraday plunge in Brent crude oil.
According to Bitget market data, Brent crude oil plunged 4.00% on the day, currently trading at $101.92 per barrel. However, on the news front, two Yemeni government sources said that Yemeni government forces have withdrawn from Perim Island in the Bab el-Mandeb Strait, and the Houthi armed group has taken full control of the Bab el-Mandeb Strait. A spokesperson for the Houthi group stated that it will announce a major military operation.
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Saudi Crown Prince Urges US Military to Strike Houthi Forces, Trump Stands Idly By
Saudi Crown Prince made two calls to Donald Trump on Thursday, urging the US military to strike Houthi forces advancing toward the Strait of Mandeb, but Trump rejected the request, citing a focus on countering Iran and the Strait of Hormuz. Analysts note the move marks Saudi Arabia’s shift from a "self-reliant response" in July to seeking external assistance, amid recent Houthi seizures of strategic sites and attacks on Saudi oil facilities that have elevated the Yemen battlefield’s new threat to global energy shipping routes. The US has only provided intelligence support in the incident, avoiding direct involvement, a move that reflects the Pentagon’s concerns over tight missile stockpiles and its multi-front combat capabilities, which could push up oil prices and exacerbate strategic rifts among Middle Eastern allies. (Axios)
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OpenAI to Retire Codex Spark Next Week: Launched 7 Months Ago, Usage on the Decline
Beating AI News: OpenAI core product lead Tibo Sottiaux announced that GPT-5.3-Codex-Spark will be retired next week, citing declining usage and the availability of significantly better models from OpenAI. Launched in February this year, Spark is a compact, high-speed variant of GPT-5.3-Codex, and OpenAI’s first model purpose-built for real-time programming. It runs on Cerebras chips, generates over 1,000 tokens per second, and is exclusive to ChatGPT Pro subscribers.
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HYPE spot ETF shifts to net outflow, with total outflows of $18.25 million over two days.
According to TradingBeats' monitoring, the HYPE spot ETF recorded consecutive net outflows on September 8 and 9 (Eastern Time), totaling $12.9556 million and $5.2922 million respectively, for a combined two-day net outflow of roughly $18.2478 million. Notably, all of the net outflow on September 9 originated from Bitwise’s BHYP product. Prior to this, the weekly net inflow of the HYPE spot ETF had slowed significantly: net inflow stood at around $56.9 million between August 24 and 28, dropping to approximately $12.3 million from August 31 to September 4, a sequential decrease of 78.4%, before further turning to daily net outflows. As of September 9, the cumulative net inflow of the HYPE spot ETF since its inception remained at roughly $338 million, with total net assets of around $464 million. Recently, incremental buying of HYPE via ETFs has shifted from a slowdown to a phase of withdrawal.
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The Kobeissi Letter: Fed Governor Waller May Be Constrained by Trump, Market Overestimates Likelihood of a September Interest Rate Hike
Well-known U.S. political and economic media outlet The Kobeissi Letter shared an analysis on X, noting: "Trump is effectively tying interest rate cuts to the condition of Waller being appointed as Federal Reserve Chair. So will Waller actually raise rates in his first policy adjustment after being named Fed Chair by Trump? We believe the market has overestimated the probability of a September rate hike." The U.S.-based outlet has 2.6 million followers on X. It has published numerous analytical and predictive pieces on Trump's words and actions, and Trump has even reposted its reports on Truth Social.
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Hong Kong stocks closed: MiniMax extended its losing streak, while Zhipu fell more than 3%.
According to Bitget market data, following the close of Hong Kong’s stock market, MiniMax extended its downward trend of the past week, falling an additional 7.53% today to close at HK$270. Zhipu declined more than 3%, trading at HK$793.
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