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

Serenity has publicly called on X to ban all online circles that pay others to quote or comment on their posts, warning the platform will eventually be dominated by engagement networks for marketing company products rather than independent, authentic voices. Serenity outlined how these circles operate: companies pay influencers to comment on or quote their posts, then create new accounts and sub-accounts under names like "XX Finance" or "XX Country"; once each company reaches a sufficient scale, these accounts quote each other to boost engagement, with each sub-account eventually amassing tens of thousands to hundreds of thousands of fans, which are then used to lift the visibility of other accounts.

According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), wallet address 0xc02…3f59c bought 9.53 million units of the token "牛来" at an average price of $0.1153. Less than 10 hours after opening the position, the token’s market cap surged past $150 million to an all-time high, and has since retreated to $135 million. The address’s peak unrealized profit on the holding hit $397,000; its current holding value stands at $1.3 million, with an unrealized profit of $200,000.

US August unadjusted annual CPI comes in at 3.4%, matching the 3.40% forecast and the prior reading of 3.40%.

US August seasonally adjusted CPI month-over-month rate came in at 0.4%, matching expectations of 0.40%, up from the prior reading of 0.10%.

Analysts note that Bitcoin formed a golden cross earlier this week, a technical indicator where the 50-day moving average crosses above the 200-day moving average, typically seen as a precursor to a bullish trend. However, this signal failed to materialize again: before the cross formed, Bitcoin had rallied from $62,000 to $82,000, and after the cross appeared, it instead pulled back from around $80,000 to near $77,000. Historical data shows Bitcoin tends to see most of its gains before a golden cross forms, with a pullback occurring shortly after the signal emerges, making the golden cross more of a lagging indicator. This pattern has repeated multiple times in the past: in July 2021, Bitcoin rallied from $35,000 to around $52,000 by September before forming a golden cross, then dropped to roughly $40,000; in early 2023, it rose from $16,000 to $23,000 and formed the cross in February, pulling back to about $20,000 in March; in October 2024, it climbed from $54,000 to $70,000 before the cross, then fell to around $67,000 by November; in April 2025, it bottomed near $76,000, rallied to roughly $110,000 in May, and after the cross formed, it corrected to about $100,000 in June. Analysts argue that while the golden cross is viewed as a long-term bullish signal, a significant portion of the gains may have already been realized by the time the signal emerges.

According to Lookonchain monitoring, a crypto whale has made large purchases of STONK, the token of Solana-based token launch platform StonkFun. The newly created wallet BmKrss withdrew 22,686 SOL from Binance, worth $2.25 million, and has spent 17,106 SOL ($1.7 million) to buy 5.41 million STONK so far. GMGN data shows STONK’s market cap today has broken through $280 million, hitting a new all-time high.