Trump: Iran War to End, Possibly Before Midterm Elections

White House economic advisor Kevin Hassett said, "Trump and I both see no reason to raise interest rates, and it’s important for the Federal Reserve to maintain the status quo ahead of the election. Trump fully respects Kevin Warsh’s independence."

Next week, global markets will enter a central bank "super week". The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) will release its interest rate decision and economic projections summary in the early hours of Thursday Beijing time, followed by a monetary policy press conference from Fed Chair Walsh. The Bank of England and Bank of Japan will also announce their respective rate decisions on Thursday and Friday respectively. Meanwhile, the U.S. Senate will hold a key procedural vote on the CLARITY Act (officially the Cryptocurrency Market Structure Act) on Tuesday local time, and the U.S. Securities and Exchange Commission (SEC) will host a roundtable meeting the same day to discuss 24-hour crypto trading. Below is a breakdown of key upcoming events: - Tuesday: Key procedural vote on the Cryptocurrency Market Structure Act (CLARITY Act); weekly change in U.S. ADP employment for the week ended August 29; September New York Fed Manufacturing Index. - Wednesday: Weekly API crude oil inventory for the week ended September 11; U.S. August retail sales month-over-month rate, U.S. August import price index month-over-month rate, September NAHB Housing Market Index; U.S. July business inventories month-over-month rate; weekly EIA crude oil inventory for the week ended September 11. - Thursday: FOMC announces interest rate decision (2 a.m. Beijing time Thursday) and economic projections summary; Fed Chair holds monetary policy press conference; weekly initial jobless claims for the week ended September 12; Bank of England announces interest rate decision and meeting minutes; SEC roundtable on 24-hour trading. - Friday: Bank of Japan announces interest rate decision; BOJ Governor Kazuo Ueda holds monetary policy press conference.

Cross-chain protocol Chainflip has disclosed that its TRON USDT integration was hacked, resulting in total losses of 736,442 USDT. The platform stated that remaining funds are unaffected and it will compensate affected users. The vulnerability fix plan has been finalized, and the network is expected to resume operations as early as Monday.

On September 10, in his speech on the first night of the Republican National Convention, Donald Trump made a series of remarks, including: He stated that the U.S. should have the lowest interest rates in the world, noting that the promised $5,000 post-election subsidy would be easy to pass through Congress, and that he always keeps his promises. Trump also pledged that if the Republican Party wins control of both the House of Representatives and the Senate, he will send a $5,000 bonus to every adult in the U.S. During the speech, after previously proposing renaming Lake Ontario "Lake American", Trump put forward a new renaming idea: suggesting changing New Mexico to the "State of New America". When discussing the Strait of Hormuz shipping lane, Trump said, "I think we should call the Strait of Hormuz the 'Strait of Trump'."

JPMorgan Chase has cut off financing for Situational Awareness, the hedge fund owned by self-proclaimed "AI Stock Guru" Leopold. According to insiders, JPMorgan—one of the fund’s primary short-selling and financing providers—notified the fund to terminate its lending relationship after the fund disclosed losses. Neither party has commented on the matter. Not all Wall Street banks have pulled back from Situational Awareness: Goldman Sachs, Citigroup, and Bank of America still offer brokerage services for the fund, and Situational Awareness recently added boutique broker Clear Street to its roster. Following the fund’s margin call incident, Leopold admitted to investors that the fund was near "unacceptable permanent principal impairment," adding that it would reduce leverage and maintain long positions in AI fundamentals. Over the past two weeks, the fund has resumed buying call options for stocks including AMD, Bloom Energy, CoreWeave, SK Hynix, and SanDisk, as it seeks to rebound in the market.

Jiang Zhuoer, founder of BTC mining pool B.TOP, said Bitcoin (BTC) has fallen as expected, with $76,500 serving as a key support level — the lower edge of an ascending channel and the 23.6% Fibonacci retracement of the rally from roughly $57,000 to $82,000. A break below $76,500 could trigger accelerated declines, with the next level to watch being the prior low of $75,500 to see if it holds. Early this morning, he outlined two potential scenarios: a) BTC stops falling and rebounds before hitting $75,000, which would likely pave the way for a rally back to $80,000, even to the high resistance zone of $83,000–$84,000, before a major correction; b) A valid break below $75,000 would trigger a correction corresponding to the prior rally from $64,000, targeting $70,000–$72,000, before the next phase of the bull market begins. Jiang noted that next week’s vote on the Crypto Market Structure Act (the CLARITY Act) and Federal Reserve announcements could act as key catalysts, so he is maintaining a neutral position: full short positions in BTC plus full spot holdings of Ethereum (ETH).