Besant on the yen: "I am the market maker, hold 'insider information' — short sellers can try to take me on if they dare."
2026.09.09 08:22:55
US Treasury Secretary Scott Bessent has challenged traders attempting to short the yen, claiming he now holds "insider information" when making market judgments. "Whenever someone says, 'Oh, the Treasury Secretary is taking a risk here,' I think that’s exactly what I want, because I have asymmetric information," Bessent said. A former hedge fund executive, he recalled several instances of his market interventions, including the joint yen-buying operation with the Japanese government on July 31. The yen rallied sharply at the time, but gave back those gains over subsequent trading sessions, in part because traders noted the US Treasury had limited funds available for foreign exchange purchases. "I’m the house now, so when we intervene in the yen market, I have a pretty good sense of what the Japanese government, the Bank of Japan, and Japanese policymakers will do. And if you want, you can bet against me," Bessent said.
A whale closed long positions in BTC and ETH, locking in a profit of $17.78 million, then opened a short position of 20,000 ETH.
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Metaplanet CEO voices support for Binance: The Bitcoin network remains unaffected by this incident, and all of the company’s Bitcoin (BTC) is held in cold storage at regulated custodian institutions.
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Trader Loracle added short positions totaling around $48.4 million in altcoins and tech stocks today.
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Binance: Subsequent investigations have uncovered additional breach points, with fund withdrawals expected to resume in approximately 45 hours.
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Pundi X has frozen all stolen PUNDIX tokens from the Binance attack, totaling approximately $365,500.
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Circle will reduce limits for the legacy USDC cross-chain protocol CCTP V1 starting October 31, and suspend the contract on December 1.
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