CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

Well-known crypto KOL Bonk Guy posted early this morning that he has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins, citing short-term trading opportunities on the Arc blockchain. Driven by the news, LONG’s market cap surged 27-fold in a short period. On-chain analytics show that multiple new addresses accumulated LONG at low levels yesterday, and the pump pushed their positions to unrealized gains of hundreds of thousands of US dollars. Additionally, crypto KOL 0xShawn, who previously arbitraged $230,000 by minting BNC4 at off-exchange prices via Four.meme, stated that the long.supply platform holds rug pull privileges and can mint fake USDT at any time. The platform built a cross-chain bridge for Robinhood-chain stock tokens via its own custom cross-chain infrastructure; the stock tokens on the Arc chain are not issued by the official, but by the platform itself. Moreover, the cross-chain bridge’s underlying protocol is not a reliable one like Wormhole or LayerZero (L0). This means: "The project team can shut down the cross-chain bridge at any time and siphon off the locked funds from the Robinhood chain. You are essentially exchanging your real USDT for fake USDT on the Arc chain, similar to the eUSD platform before its launch, which was eventually shut down after an emergency investigation by authorities." BlockBeats reminds users that celebrity shilling may involve conflicts of interest, and users should carefully vet the security of related projects and invest cautiously.

Long.xyz, a meme coin issuance platform built on Robinhood’s blockchain, founder Nate stated in a post that this week, perpetual contracts and synthetic assets will have great design scope, and they will be integrated with the platform’s top trading pairs. Last week, Long.xyz launched a 1x long position pool supporting tokenized positions of OpenAI and Anthropic, a product that was once widely hyped in the market.

JPMorgan Chase expects the Federal Reserve to raise interest rates by 25 basis points each in September and December 2026, revising its earlier forecast of a single rate hike in December.

Prominent trader Killa has shared insights on the potential impact of this week’s upcoming FOMC meeting on the crypto market. He noted that while many heavily rely on macroeconomics, policies, and economic data to predict asset moves, Killa argues "most macro narratives are just distractions." Killa explained that BTC often begins moving before its driving cause becomes obvious. By the time the macro environment shifts and the broader market catches on, Bitcoin has usually already completed its price move. Correlations tend to lag; markets don’t move because most people understand them—most people understand them because the market has already moved. On September 12, Killa analyzed that Bitcoin has been in repeated consolidation recently, with the market repeatedly hunting long positions below prior lows to clear leverage and gradually erode the confidence of long holders. This continuous "sweep lower" behavior typically signals the market’s final intent to reward longs, where the last sweep marks a local bottom, after which prices rally higher. A BTC-focused quant trader, Killa previously predicted the peak of this bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to long positions during the broad market sell-off on June 5.

On-chain analyst Ai Yi (@ai_9684xtpa) tracked that wallet address 0x7d7…3b54a purchased $500,000 worth of 4Stock at an average price of $0.05078 five days ago, and fully liquidated its position at a loss at $0.01983 four hours ago. The whale has incurred a $304,000 loss over the five days, with its assets shrinking by 60.7%.

Goldman Sachs now projects the Federal Reserve will raise interest rates by 25 basis points in September, a shift from its earlier forecast that rates would remain unchanged.