TVBee

US Nasdaq 100 futures, South Korea’s KOSPI index, and the A-share Shanghai Composite Index all opened lower on Monday.
However, Nasdaq 100 futures rebounded above Friday’s closing price, while the KOSPI and Shanghai Composite indexes have not.
Of course, Nasdaq 100 futures are just a futures contract with too small a market; we still need to see the market open tonight.

It is said that KOLs all received an airdrop of 6,000 $DNA tokens. Brother Feng had previously participated in the ecosystem and ran an AI Agent, receiving 1,250 tokens from the airdrop, which made him quite satisfied!
Deploying the AI Agent initially only took one or two hours, after which the AI Agent ran on its own.
I originally just wanted to experience the Agent and never thought about farming airdrops. If I had wanted to farm, I would have used at least five wallets, haha.
Airdrops sometimes work out unexpectedly, while deliberate efforts can end up getting farmed back…🤣🤣🤣
Hopefully,

Why, with CPI so high, will the Federal Reserve not raise interest rates in October?
The U.S. Treasury Department released its fiscal year 2026 report, showing that total interest expenses on U.S. Treasury debt for the year reached as high as $1.36 trillion, up 12% from the previous fiscal year.
If rates continue to rise, interest rates on U.S. Treasury debt will also increase, putting greater pressure on the U.S. government's interest payments.
Although the Federal Reserve is independent, it cannot completely ignore the risks associated with U.S. Treasury debt.
The risks of U.S. Treasury debt

After the Korean stock market hit a circuit breaker and Hynix's original stock fell 11% that day, $SKHY ’s premium rose, reaching 52.5%.
U.S. liquidity is still somewhat better; over the past 2 days, US Hynix has been following the decline less and less.
I’m planning to buy a TradingView membership in November, after which I’ll be able to share my own charts.
For now, I can only post the code today: NASDAQ:SKHY*10/(KRX:000660/FX_IDC:USDKRW)-1

U.S. CPI came in above expectations, global stock markets are all falling, with fewer than one-fourth of countries seeing their stock markets rise.
South Korea fell the most, down 7.57%, triggering a circuit breaker today. Next was the Nikkei, down 4.90%.
China’s A-shares were not spared either, with the Shanghai Composite down 1.59% and the Shenzhen Component down 2.43%.
The influence of the United States is still too great. Let’s see how U.S. stocks perform at tonight’s open.

The bad news is already known: CPI came in above expectations.
The comforting news is that although the expectation of no rate hike in October fell from 82% to 58.5%, it is still higher than the probability of a rate hike.
The good news is that $STRC did not fall and is currently priced at $99.9. This means the period of panic surrounding MicroStrategy, BTC, and crypto has truly come to an end.
A major bull market requires macro liquidity (such as the rate cuts and QE in 2020–2021), which is clearly not present now.

A minor bull market requires some positive news (such as China announcing i

Dovish remarks from New York Fed President Williams
Williams’ role is relatively unique, as he enjoys a certain degree of relative independence.
He is the only FOMC (Federal Open Market Committee) member who is not a member of the Federal Reserve Board.
He is a regional Fed president, but also the only permanent voting member of the Fed’s decision-making body.
Williams believes there may be one more rate hike this year, with no further hikes needed next year.
That is already very dovish: the wording for a rate hike is “possibly,” while the wording for no hike is “not needed.”
Regar

This is bizarre; storage stocks collectively fell.
SK Hynix -4.52%,
$SNDK -7.09%,
$MU -4.55%
I looked into it and only found relevant information: ChangXin Storage announced its next-generation 4F² DRAM and plans to launch DDR5 server memory by year-end.
In theory, SK Hynix and Micron both have DRAM businesses, yet SanDisk, which is purely NAND, fell the most.
The key point is that ChangXin Storage itself fell even more than SK Hynix and Micron, dropping 5.22%.

Trump pushed the issue of rising long-term Treasury yields onto Biden, and he may not simply be making excuses
During the pandemic, the U.S. government sent money directly to American citizens several times, with the funds apparently coming primarily from revenue generated by issuing additional U.S. Treasuries.
┈➤Short-term U.S. Treasuries
T-Bill on the chart refers to short-term U.S. Treasuries with maturities of up to and including 1 year. A large number were issued from around April to December 2020, after which issuance returned to normal levels. This was during the Federal Reserve’s

Trump renaming AI as SI was absolutely not a spur-of-the-moment decision.
This industry may have a bearing on America's national destiny. The problem the United States is facing now is its national debt.
There are two reasons behind the rise in Treasury yields:
The first is inflation expectations, especially since long-term Treasury yields are linked to inflation expectations. As the dollar depreciates in the future, Treasuries will naturally depreciate as well.
The second is that the national debt is expanding too quickly, while domestic and international demand for Treasuries cannot grow by

PCE data came in below expectations across the board—take the bullish boost for now
┈➤PCE came in below expectations across the board
◆August core PCE year-over-year: 3%, below expectations (3.3%) and unchanged from the previous reading;
◆August core PCE month-over-month: 0.2%, below expectations (0.3%), but higher than the previous reading (0.1%);
◆Q2 core PCE: 3.3%, below expectations and the previous reading (3.6%). The final GDP price index was 6.3%, also below expectations and the previous reading (6.4%). The conclusions are consistent under both measures: Q2 prices were lower than expect

This should count as positive news, right? The September consumer confidence index hit a 12-year low.
The Conference Board Consumer Confidence Index came in at 81.9, far below 89.2, marking the lowest consumer confidence level since March 2014.
Even during the COVID-19 pandemic in 2020, it was somewhat higher than it is now.
The previous reading was also revised from 89.4 to 88.6.
This means demand is weakening, which can partially offset the impact of rising oil prices on inflation. September’s CPI may be somewhat stronger than expected; we will have to wait and see the wage data released on

Maitong’s Mid-Autumn gift box includes mooncakes, a small musical instrument, and a moon lamp.
Inside the lamp, floating particles form a mountain scene, and it looks quite nice displayed at home.
Thanks, @MSX_CN @BeliaSchoo91221!
The Chinese-speaking region should still be in holiday mode. The Mid-Autumn Festival holiday has ended, but the National Day holiday is only 3 days away.
Happy holidays, everyone—relax and recharge well!

Honestly, I’ve never seen a bull market that didn’t begin with BTC and USDT’s market cap rising together.
BTC is showing signs of a breakout now, but USDT’s market cap shows no signs of starting up, appearing unusually calm.
The biggest characteristic of this bear market is that it fell incredibly fast, while its sideways consolidation has dragged on.
Perhaps a longer period of sideways movement is needed to fill out the rhythm of the 4-year cycle?

The Japanese yen fell, but the renminbi suddenly surged, breaking below 6.7.
For a moment, it was hard to tell whether it was the yen or the renminbi that had raised interest rates...

Great, the Federal Reserve has successfully demonstrated its independence and continued to disrupt market expectations with a slightly hawkish dot plot—as of the end of next year, it may raise rates 1–2 times
┈➤12:0 rate-hike decision
None of the 12 Fed officials showed any concern about Treasury yields, and none paid attention to Trump’s call for rate cuts…
Of course, officials are still concerned about the impact of rate hikes on the economy and employment. So the dot plot should be considered slightly hawkish, but not too hawkish.
┈➤Slightly hawkish dot plot
The dot plot has only 18 dots. W