Market cuts Fed rate hike bet

Majority Whip Tom Emmer of the United States House of Representatives called on the Senate to immediately pass the Bitcoin Clarity Act during a live CNBC broadcast. （The Bitcoin Historian）

According to Lookonchain monitoring, crypto KOL Bonk Guy uses a fixed investment strategy to hold 15.9 million USELESS worth $2.52 million, with a floating profit of $1.68 million. According to GMGN data, USELESS has risen by over 50% in 24 hours, with a market value exceeding $150 million. On September 1st, Bonk Guy stated that the current bullish outlook on USELESS exceeds that of trading BONK in 2023, and believes that USELESS has risen from a market value of $4 million to $450 million in a non bull market environment, and may experience even greater gains in the future if it experiences a bull market. After Bonk Guy placed an order on September 1st, USELESS rose more than 50% that day, with a market value exceeding $100 million.

According to Bitcoin News monitoring, Stripe purchased 1800 bitcoins at an average price of $79431 per coin between August 24th and August 28th, with a transaction amount of approximately $143 million. Strike's Bitcoin holdings have increased to 23156, with a value of approximately $1.8 billion, surpassing Bullish to become the fifth largest publicly traded company in terms of holdings. Strive has cumulatively increased its holdings of nearly 3000 bitcoins within 15 days, with 1110 purchased from August 17 to August 21 for approximately $81.5 million, and 79 purchased earlier in August for approximately $5 million. Strive CEO Matt Cole confirmed the relevant purchase in a post on X on August 31st. Strive raised approximately $154.6 million through issuing stocks, of which approximately $143 million was used to purchase Bitcoin. Strike has settled outstanding debts, currently has no margin requirements, and Bitcoin is not collateralized.

Federal Reserve Governor Waller stated that the United States cannot sustain a structural deficit of 3% in the long term, which does not mean it will fall off a cliff, but yields will rise.

[Waller: Fiscal Factors and AI Capital Competition Driving Yields Higher] Federal Reserve Governor Waller stated that yields are rising due to fiscal factors and competition for artificial intelligence capital. (Jin10)