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[The Bank of Japan is expected to keep interest rates unchanged at this week's meeting] According to Nikkei News, reported by Jinse Finance: The Bank of Japan is expected to keep interest rates unchanged at this week's meeting.
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[The Bank of Japan is expected to keep interest rates unchanged at this week's meeting] According to Nikkei News, reported by Jinse Finance: The Bank of Japan is expected to keep interest rates unchanged at this week's meeting.
[Fed Cuts Rates by 50 Basis Points May Trigger Market Volatility] TA Securities analysis suggests that if the Federal Reserve unexpectedly cuts rates by 50 basis points, it may provide a short-term boost to interest rate-sensitive industries but could also raise concerns about economic weakness, dampening market sentiment, and potentially impacting cyclical sectors. If the Federal Reserve keeps rates unchanged while data weakens, the market may interpret it as a policy misstep, leading funds to flow into defensive sectors and an overall decline in risk appetite.
[Bank of America (BOFA) CEO: The Federal Reserve (FED) Must Focus on Inflation Issues] According to a report by Golden Finance, citing market news released by Bloomberg analyst Walter Bloomberg, Bank of America (BOFA) CEO Moynihan stated that the Federal Reserve (FED) must focus on inflation issues.
[BNP Paribas: Fed Rate Cuts May Cause Dollar to Deviate from Historical Patterns] BNP Paribas strategists pointed out in their latest report that if the Federal Reserve announces a rate cut on Wednesday, the dollar's performance may deviate from historical patterns. Typically, after the first rate cut, if it does not trigger an economic recession, the dollar tends to strengthen due to capital inflows into U.S. equities; if a recession occurs, the dollar benefits from safe-haven demand. However, this time the situation may be different. Strategists believe that if recession risks increase, the dollar might instead come under downward pressure, as the current trading logic of the dollar is more inclined to be tied to the volatility of risk assets rather than its traditional safe-haven attributes.
[U.S. Lawmakers and Industry Leaders Support Bitcoin Strategic Reserve Bill] Several U.S. lawmakers and Bitcoin industry leaders recently held a meeting on Capitol Hill to discuss advancing the legislative process of the "BITCOIN Act" bill. The bill, proposed by Senator Cynthia Lummis, suggests that the U.S. government purchase 1 million bitcoins over the next five years and include them in the national strategic reserve asset system. The meeting also focused on the feasibility of purchasing bitcoins without increasing the federal budget. Attendees generally agreed that the meeting was highly productive, and the industry is actively pushing for the bill to be included in the policy agenda.
[Soluna Secures $100 Million Credit Facility from Generate Capital] On September 17, Bitcoin mining and AI data center developer Soluna announced a credit agreement with Generate Capital for up to $100 million, with an initial draw of $12.6 million at an annual interest rate of approximately 15%. The funds will be used for refinancing and construction of the Project Dorothy data center in Texas. Soluna had previously raised over $30 million from institutions such as Galaxy Digital.