WEMIX announces the implementation of regional service restrictions

[New York Fed: Weak Job Market Hits Consumer Confidence] A survey by the New York Fed shows that in August, U.S. consumers' expectations for employment and the unemployment rate worsened, while short-term inflation expectations rose. The proportion of people expecting the unemployment rate to increase in the next year reached 39.1%, and a record-low 44.9% believed it would be difficult to find a new job after being laid off. Only 22,000 new jobs were added in August, far below expectations, and the unemployment rate rose to 4.3%, the highest level since 2021.

**[Market Analysis: Five Reasons for Gold's New Record High]** Gold Finance reports that gold prices have hit a new high, reaching $3,640 per ounce, with a daily increase of nearly 1.5%. Adam Button, an analyst at the U.S. financial website InvestingLive, stated that after breaking out of the consolidation range from April to September, gold prices have shown a parabolic upward trend. There is no real mystery behind this, and the main reasons are as follows: 1. Trump is attempting to take control of the Federal Reserve and push interest rates down to levels they would not normally reach. 2. The global trade order is collapsing. 3. The global order surrounding military intervention is disintegrating (referencing U.S. Vice President Vance's weekend remarks about the killing of a Venezuelan citizen). 4. Fiscal spending is out of control. 5. Technical indicators consistently support the trend.

[U.S. August New York Fed 1-Year Inflation Expectation Rises to 3.2%] The U.S. August New York Fed 1-year inflation expectation rose from the previous value of 3.09% to 3.2%, while the 5-year inflation expectation remained unchanged at 2.9%.

[U.S. Sanctions Myanmar Karen National Union-Sheltered Scam Center] The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions on a scam center located in Myanmar's Shwe Kokko region, which is sheltered by the Karen National Union (KNU). The center is accused of engaging in cryptocurrency investment fraud through forced labor and violent means, stealing billions of dollars. Additionally, the sanctions extend to ten related targets in Cambodia. The Karen National Union profits from transnational criminal activities, including operating online scam centers and selling energy utilities.

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