decline

The Asian bond market is expected to follow the decline of U.S. Treasuries, as the U.S.-Iran standoff keeps oil prices high, exacerbating inflation concerns and increasing market bets on further interest rate hikes by the Federal Reserve.New Zealand government bonds opened lower, and Australian government bond futures may decline. The benchmark 10-year U.S. Treasury yield briefly rose by 11 basis points to 5.27%, reaching a new high in 19 years; the 30-year yield rose to 5.55%. Morgan Stanley analyst Chris Larkin stated that the market's focus may still be on interest rates and energy prices.

On Monday, precious metal prices continued to decline, with spot gold dropping nearly 3% during the day and spot silver plunging 5%. Rising oil prices have intensified inflation concerns, reinforcing market expectations for further interest rate hikes by the Federal Reserve.Tim Waterer, Chief Market Analyst at KCM Trade, stated that the combination of high bond yields and high oil prices puts pressure on gold. Investors will focus on U.S. employment and inflation data, including job vacancies, the ADP employment report, the PCE inflation report, and the non-farm payroll report.

According to Forbes, Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the "currency depreciation trade" surrounding the decline in purchasing power of fiat currency has become one of the factors driving up assets like Bitcoin and gold.Data from the Institute of International Finance shows that global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. The U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare spending, and only lower than Social Security spending. The institute warns that as benchmark interest rates rise, interest costs will also increase.Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for "currency depreciation assets" like Bitcoin and gold, which is part of the reason for Bitcoin's recent rise. The larger the debt of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades.Analysts from The Kobeissi Letter pointed out that the purchasing power of the dollar has declined by 23% since 2020; if assets only increased by 30% during the same period, investors have essentially just broken even in terms of real purchasing power. The U.S. inflation rate has been above the Federal Reserve's 2% target for 60 consecutive months.

On Wednesday local time, Anthropic announced that its model Claude identified a previously undescribed enzyme system in vast DNA sequence data, with a repetitive sequence arrangement similar to CRISPR. This is the first achievement of its newly established biological laboratory, which was formed this spring and is located in the San Francisco Bay Area. Following the announcement, shares of gene editing companies fell on Wednesday, with CRISPR Therapeutics down 5.54%, Beam Therapeutics down 6.02%, and Prime Medicine down 11.58%.The related task was to search for noteworthy reverse transcriptase systems from large DNA databases. During approximately 21 hours of searching, about 950 Claude agents used around 210 million tokens, with one agent noticing a repetitive DNA sequence arranged near a certain reverse transcriptase gene. The team named this combination the array-associated reverse transcriptase system, primarily found in bacteriophages, which includes reverse transcriptase genes, adjacent accompanying genes, and a set of repetitive DNA sequences. The reverse transcriptase itself has been studied before, and the new finding is that it forms a system together with surrounding non-coding DNA sequences and functionally unknown accompanying proteins.Anthropic stated that researchers still do not know the main function of this system and have not proven that it can perform targeted modifications to DNA like mature gene editing tools. Preliminary experiments found that these repetitive sequences can produce various short RNAs, but this does not equate to having programmable gene editing capabilities. The preprint paper disclosed that to verify whether the discovery could be repeated, the team ran the same search 10 more times;

According to Gate market data, the decline in U.S. stocks has widened during the trading session, with the three major indices continuing to fall. The Nasdaq index has dropped by more than 1%, the Dow Jones index is down by more than 0.2%, and the S&P 500 index has fallen by more than 0.5%.

U.S. Treasury bonds continued to decline after the strong S&P Global U.S. PMI indicator was released.

According to Gate market data, U.S. stocks opened lower, with the Dow Jones down 0.18%, the S&P 500 index down 0.11%, and the Nasdaq down 0.13%. SK Hynix fell 1.43%, ASML fell 0.58%, Alibaba fell 3.71%, and SpaceX fell 1.3%.

Glassnode stated that over time, it seems increasingly unlikely that a decline of the same depth as in past cycles will occur again in the later stages of this market. The "four-year cycle" pattern that the market previously relied on has not been reflected in this bear market.Data shows that the drawdowns in the past three cycles exceeded twice that of this cycle, and there are still several weeks until the cycle low point; in contrast, this time BTC has only fallen about 30% from its historical high, and the price is currently rising.

Uniswap team member Niko posted that after Robinhood Chain's recent large-scale innovations drove the market up, other chains have begun to replicate its ecological projects. Some KOLs and venture capital institutions continue to claim that Robinhood Chain is in decline and are guiding users towards similar projects on other chains.Robinhood Chain's current daily trading volume still exceeds 1 billion dollars, and the trading scale of stock tokens is also growing.

Federal Reserve's Goolsbee stated that if inflation does not fall back to the 2% target level, interest rates will need to be raised.He is open to the possibility of inflation starting to decline and is willing to accept that the current inflation issue stems from supply shocks that are about to fade, but he hopes to see evidence that this shock is indeed fading.

The founder of Liebit Mining Pool, Jiang Zhuoer, stated in a post that after months of trading, profit in coin-based terms has reached 34%, while profit in U-based terms has reached 92%, nearly doubling. The key to profitability lies in position, trading, and currency. Market sentiment must be involved in trading to truly feel it. We are currently in a bull market cycle, and the personal default position is to hold a full position in ETH spot. Besides several recent short positions, more importantly, it is to hold a full position in spot for the long term; shorting is merely to protect the spot after it rises, reducing the downside pullback.

According to Gate market data, the decline of major European stock indices has widened during the trading session, with the Euro Stoxx 50 index, Germany's DAX index, France's CAC 40 index, and Italy's FTSE MIB index all dropping over 1%, while the UK's FTSE 100 index fell by 0.9%.

According to SoSoValue data, the Federal Reserve's interest rate hike has landed, and the cryptocurrency market has generally rebounded, with the PayFi sector performing strongly, rising 5.03% in 24 hours. Among them, Zcash (ZEC) increased by 23.28%, and Dash (DASH) rose by 17.21%. Meanwhile, Bitcoin (BTC) increased by 1.28%, breaking through $76,000; Ethereum (ETH) rose by 1.63%, fluctuating narrowly around the $2,400 mark.In other sectors, the Layer2 sector rose by 4.91% in 24 hours, with Lisk (LSK) increasing by 31.79%; the Layer1 sector rose by 3.71%, with NEAR Protocol (NEAR) increasing by 14.64%; the DeFi sector rose by 3.49%, with Bedrock Token (BR) increasing by 177.57%; the Meme sector rose by 1.97%, with Bulla (BULLA) increasing by 46.68%; the CeFi sector rose by 1.96%, with Aster (ASTER) increasing by 5.77%.The GameFi sector, which saw a significant rise yesterday, is experiencing a correction, falling by 8.1% in 24 hours, with Akedo (AKE) dropping by 32.24%. The cryptocurrency sector index reflecting the historical performance of the sector shows that the ssiAI, ssiLayer2, and ssiDeFi indices rose by 6.02%, 4.98%, and 3.77%, respectively.

Jiang Zhuoer, the founder of Liebit Mining Pool (B.TOP), posted on platform X that at 2 AM Beijing time on September 17, the Federal Reserve will announce its interest rate decision. According to the 30-day federal funds futures prices, the current probability of a 25 basis point rate hike is about 92%. He expects the Federal Reserve to raise the target interest rate range from 3.50% to 3.75% to 3.75% to 4.00%, believing that this outcome is basically a foregone conclusion.After the interest rate decision is announced, the Federal Reserve will also release the dot plot. Jiang Zhuoer stated that attention should be focused on the median of the interest rate forecast and the central trend range after excluding the highest and lowest three points each. He expects the dot plot to show two rate hikes in total by 2026, meaning there will be one more rate hike within this year after the current hike, and the related expectations may lead to a short-term market decline.Jiang Zhuoer believes that the speech by Federal Reserve Chairman Kevin Warsh, starting at 2:30 AM, is the biggest variable and expects it may release dovish signals. Therefore, he judges that the most likely market path is "falling first and then rising": a decline after the interest rate decision and dot plot announcement, followed by a rebound after Warsh's speech. He expects Bitcoin may drop below $75,000 before rebounding to $83,000 to $84,000, followed by a significant adjustment.

Binance founder Zhao Changpeng stated that every decline is an opportunity.

European stock markets ended a two-day decline as oil prices fell and bond sell-offs slowed. Traders are awaiting the Federal Reserve's interest rate decision, with a 94% probability of a rate hike.Bill Dinning, Chief Investment Officer of W1M Wealth Management, stated that a 10-year U.S. Treasury yield reaching 5.5% would put pressure on the stock market.

According to foreign media reports, due to increased investment in the field of artificial intelligence, ByteDance's net profit in the first half of 2026 decreased year-on-year, with the net profit margin dropping to approximately 16.7%. During the same period, revenue grew by 30% year-on-year, and the proportion of overseas revenue reached a new high. ByteDance did not comment on the above data.Earlier reports indicated that ByteDance's net profit margin for 2023 was 26%, and for 2024 it is expected to be 21%. Douyin still contributes the majority of revenue, but overseas revenue from TikTok has accounted for over 30% of total revenue. In 2025, overseas revenue is expected to grow by nearly 50%, while domestic revenue is about 20%, with the overseas proportion rising from 25% in 2024 to over 30%.The report stated that ByteDance has independently developed large language models and video models, operates Doubao, and expands its AI cloud business, with the Seedance video generation model being in the top tier of the global AI video market. The company recently obtained approximately $30 billion in loans from banks. Alibaba is seeking to raise about $10 billion through a stock placement, while Zhipu AI is launching a total of $5 billion in equity and convertible bond issuance.