U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

Last night, Genius Terminal — an on-chain trading terminal backed by YZi Labs and with CZ as its advisor — officially launched its token issuance platform genius. fun on BNB Chain. The platform enables creators to transfer tokenized stocks such as bSTOCKS to a decentralized foundation and split them, then attempt to exercise equity-related rights off-chain. According to GMGN data, GSTOCK, one of the tokens launched via genius. fun, has surged rapidly: its market cap quickly exceeded $10 million in the early hours after launch, now standing at $11.72 million with trading volume surpassing $15.4 million. The GSTOCK token is paired with BNCB, the on-chain token of BNB Treasury Company BNC, as its liquidity pool base. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

Goldman Sachs: Despite the Federal Reserve's interest rate hike yesterday, we maintain our year-end 2027 gold price forecast at $5,400 per ounce.

According to the Associated Press, the U.S. State Department has confirmed it has approved senior Iranian officials including President Masoud Pezeshkian and Foreign Minister Abbas Araghchi to travel to New York to attend next week’s United Nations General Assembly (UNGA) high-level session. The State Department said Iran’s "core delegation" and necessary staff will be allowed to participate in UNGA events, but will face travel restrictions and are prohibited from purchasing luxury goods and other restricted items under U.S. policy. The U.S. noted that this year’s Iranian delegation is smaller than last year’s. The decision comes amid more than six months of ongoing tensions between the U.S. and Iran. To date, the two sides have made no significant progress on reopening the Strait of Hormuz or reviving Iran nuclear talks. As the host country of the UN headquarters, the U.S. is generally bound by host country obligations, making it difficult to block foreign leaders from attending UNGA. Previously, the U.S. has also issued limited visas to representatives of countries involved in conflicts and imposed restrictions on their areas of activity. The decision to approve visas for the Iranian delegation comes just one day after the U.S. rejected Palestinian President Mahmoud Abbas and his delegation’s request to attend UNGA.

U.S. stocks closed on Thursday: the Dow Jones Industrial Average initially rose 0.6%, the S&P 500 gained 1.1%, and the Nasdaq climbed 1.69%. According to market data from BIT (bit.com), individual stocks saw chip stocks leading the gains: SK Hynix rose 4.6%, Nvidia gained 2.5%, AMD climbed 6%, Intel jumped nearly 7.6%, Arm advanced nearly 9%, and SanDisk increased 6.21%. While Bitcoin remains in a sideways consolidation phase at the bottom, crypto treasury stocks rose broadly yesterday. Among them, HYPE treasury stock PURR gained 12.15%, BNB treasury stock BNC climbed 13.87%, and both BMNR and MSTR rose nearly 5%. U.S. oil fell below the $100 threshold during the session, while Brent crude once dropped more than 4%. Spot gold rallied nearly 3% at one point, and New York copper rose over 2%.

U.S. President Donald Trump said Thursday he is nearing a major decision point on the Iran conflict, and is considering whether to resume large-scale military operations to end the conflict. In an interview with Axios, Trump stated he will soon make a "big decision," and listed expanding military strikes against Iran again as one of the options.

According to market data from BIT (bit.com), the US CPU sector continues to rally, with Intel’s gains expanding to 10%, AMD rising over 7%, Arm up more than 8%, Qualcomm advancing over 3%, and Nvidia increasing by more than 2%.