After Bonk Guy hyped USELESS, the token fell 14% within one hour.

According to a Reuters report citing The Wall Street Journal, senior White House advisors including U.S. Vice President J.D. Vance and Secretary of State Marco Rubio have privately warned Donald Trump that the U.S.-Iran conflict could last through the remainder of his presidential term and even beyond the January 2029 presidential inauguration. The report states that the advisors told Trump in private discussions at the White House Oval Office and Situation Room that Iran may continue resisting U.S. pressure, leading to a prolonged conflict. This assessment differs sharply from Trump’s previous public remarks, in which he predicted the war would end “immediately after” the U.S. November midterm elections. Trump also claimed Iran is attempting to influence the U.S. election but can no longer sustain resistance long-term, adding that diplomatic negotiations remain possible but are not his preferred approach. Reuters notes that the White House did not immediately respond to a request for comment.

According to TradingBeats monitoring, crypto figure Huang Licheng, nicknamed "Big Brother Ma Ji", made concentrated adjustments to his long positions over the past two hours. Between 19:41 and 21:13 Beijing time, he sold approximately 9,575 ETH in batches for ~$23.23 million, then added back roughly 2,000 ETH (worth ~$4.85 million) between 21:36 and 21:41, resulting in a net reduction of around 7,575 ETH in his ETH long positions overall. During the same period, the address reduced ~58,500 HYPE long positions for a turnover of ~$4.8 million, and sold its remaining 68 BTC long positions in batches between 20:07 and 20:39 for ~$5.25 million, leaving it with no BTC holdings. As of press time, the address still holds 25x leveraged long positions of 33,000 ETH (valued at ~$80.33 million) with an unrealized loss of ~$872,000, plus 10x leveraged long positions of 86,000 HYPE (valued at ~$6.96 million) with an unrealized loss of ~$425,100.

Ripple is expanding its GSmart AI functionality built into Ripple Treasury. The feature includes tools for forecasting, liquidity, risk, reconciliation and reporting, which operate under the company’s financial policies and require human approval.

According to TradingBeats monitoring, anonymous whale address 0xe2...3c8c increased its BTC short positions shortly after the release of the latest U.S. PPI data. The address added roughly 116.8 BTC in batches between 20:39 and 20:54, worth an estimated $9 million based on execution prices. Its total BTC short position rose from around 623.5 BTC to approximately 740.3 BTC, pushing it to become the second-largest BTC short on Hyperliquid. As of press time, the address holds a 20x leveraged short of about 740.28 BTC, with a position value of roughly $56.92 million, an average entry price of $78,475, and an unrealized profit of around $1.1765 million. Separately, this address is also the second-largest PONS short on Hyperliquid, holding a 3x leveraged short of approximately 8.6701 million PONS, with a position value of about $4.95 million, an average entry price of $0.8101, and an unrealized profit of roughly $2.071 million.

The so-called "Fed Wire" Nick Timiraos said that Walsh’s speech at Jackson Hole convinced investors a rate hike was more likely, but he did not reveal what would trigger such a move. The market filled this information gap, and now expects a rate hike of a magnitude Walsh never committed to. As a result, Friday’s inflation report is seen as critical to deciding whether to raise rates, an approach Walsh has opposed for years.

According to market data from BIT (Bit.com), after the release of PPI data, expectations of a Federal Reserve interest rate hike rose, triggering a collective intraday decline in the three major U.S. stock indexes: the Dow Jones Industrial Average fell 0.44% on the day, the Nasdaq fell 1.26%, and the S&P 500 fell 0.64%. The optical module, storage, and crypto-related concept stock sectors all saw broad losses, with individual stock performances as follows: Applied Optoelectronics (AAOI) down 3.66%, Lumentum (LITE) down 3.26%, Coherent (COHR) down 3.19%, Marvell Technology (MRVL) down 2.51%, Nokia (NOK) down 2.83%, Micron Technology (MU) down 4.32%, SanDisk (SNDK) down 4.07%, Western Digital (WDC) down 5.15%, Seagate Technology (STX) down 3.47%, Circle (CRCL) down 3.15%, Bullish (BLSH) down 1.73%, Gemini Space Station (GEMI) down 1.62%, Bitmine Immersion Technologies (BMNR) down 1.34%, and SharpLink (SBET) down 1.17%.