所以，中本聪真正有意思的地方，不只是“发明了比特币”。

Six months into the US conflict with Iran, oil flows from the Persian Gulf have recovered to about 40% of prewar levels, but the Strait of Hormuz remains constrained and the Navy is under pressure on personnel, equipment and finances, according to Bloomberg. Bloomberg News Economic Statecraft Lead Chris Kennedy and Bloomberg News Defense Reporter Jen Judson discussed the strain on US military readiness on Bloomberg This Weekend and said a new US deal involving Venezuelan oil fields is unlikely to provide a significant near-term boost to global supply.

According to Wallstreetcn, a U.S. federal judge ruled that Silicon Valley Bank's former parent company has no right to claim $1.7 billion it had deposited at the bank when the Federal Deposit Insurance Corporation took over the failed lender and protected other depositors' funds. U.S. District Judge Beth Labson Freeman in the Northern District of California issued the ruling on Friday, saying SVB Financial Trust cannot recover the cash because the former parent company's managers made decisions that directly led to the bank's collapse, and the FDIC's argument that the bank executives' misconduct was a substantial factor in the losses and that the trust should be liable for their negligence prevailed.

The total stablecoin market capitalization has resumed its upward trend since late July and early August, reaching $304.56 billion, up 0.48% over the past week. According to ChainCatcher, USDC and USD1 were the main drivers of new issuance among leading stablecoins during the week, with USDC increasing 0.76% and USD1 rising 3.71%. USDT's market share is currently 60.21%.

Warsh's first Jackson Hole keynote was more hawkish than expected — PCE at 4.1% on a six-month basis, financial conditions "not restrictive," and a flat-out rejection of forward guidance. September hike odds jumped to 50%, Bitcoin dipped to $78,700, and the nine-day ETF inflow streak ended with a $201.9M outflow. The yen crossed 160 per dollar to a one-month low. One variable now sits above everything: Bloomberg's Anna Wong says next week's payrolls may print negative — and there is no precedent in modern Fed history for hiking after two consecutive negative readings. Warsh committed to a discipline, not a decision. The data decides.Warsh Says "We Have Work to Do" on Inflation as September Hike Odds Jump to 50%Warsh placed inflation at the center of the Fed's agenda at Jackson Hole, citing PCE at 3.7% annually and 4.1% over six months — the recent trend running hotter than the annual figure. He dismissed the summer's softer prints: "They do not tell me that underlying trends have meaningfully improved." On financial conditions: "I would be hard pressed to describe broad financial conditions as restrictive." Labor markets he called "consistent with full employment." Forward guidance, he said, "has overstayed its welcome." September hike odds jumped from 35% to 50% intraday. Bitcoin dipped to $78,700. Warsh closed with the line that defines everything: "I stand here today committed to a discipline, not to a decision."Yen Passes 160 Per Dollar to Hit Weakest Level in a MonthThe yen fell as much as 0.5% to 160.20 per dollar — its weakest in a month — as Warsh's hawkish tone boosted the greenback. Hedge funds added to short yen bets for a second straight week. The yen had failed to push through 155 earlier this month despite the first coordinated US-Japan yen-buying intervention since 1998. State Street's Masahiko Loo said the mid-160s is becoming a policy level rather than a valuation level, with markets pricing an 80% chance of a BOJ hike next month. The yen at 160 raises the same carry trade unwind risk that crashed Bitcoin from $65,000 to $50,000 in a week in July 2024 — a BOJ hike and a Fed hold simultaneously is the precise configuration that triggers it.JackYi Says Bitcoin Pullback Near $75,500 Could Offer New OpportunityLiquid Capital founder JackYi said Bitcoin's pullback was expected and that a decline to around $75,500 would present a new opportunity, adding he remains optimistic about a rebound after a modest correction. His broader framing is worth noting: he entered Bitcoin in 2015 through mining, caught the 2017 bull market, later invested in hundreds of projects with most failing, and concluded that nine consecutive successful trades can be erased by one failure. The $75,500 level sits roughly 5% below current prices — below the $77,100-$80,000 supply zone Bitfinex identified as the key absorption band — and would represent a partial retracement of the rally from $62,000 without breaking the broader recovery structure.Bitcoin ETF Streak Ends With $201.9 Million Outflow as Ether Funds Extend to 12 DaysThe nine-day Bitcoin ETF inflow streak ended with a $201.9M outflow — the session after Warsh's speech, consistent with the lag between macro events and ETF flow response. Ether ETFs took in $102.1M for a 12th consecutive session, running three sessions longer than Bitcoin's streak. August still finishes as the strongest inflow month of 2026 at $3B+, but missed passing October 2025 as the all-time monthly record by one session. The outflow matters most because of where Bitcoin is trading: nearly 8% of supply was acquired between $80,000 and $82,000, the 50-week moving average sits at $81,081, and absorbing that overhead supply requires sustained spot demand. That demand just paused.Bloomberg's Anna Wong Says Weak Payrolls Could Block a September Fed HikeBloomberg Chief Economist Anna Wong says next week's NFP may print weak — with a real probability of negative growth — and states explicitly: there is no precedent in modern Fed history for raising rates after two consecutive negative payroll readings. The argument lands directly against Warsh's employment framing, which attributed soft monthly gains to low labor supply rather than weak demand. A data-dependent Fed that won't pre-commit — Warsh's explicit position — means payrolls now carry maximum weight. If NFP prints negative, the hawkish inflation case Warsh delivered at Jackson Hole collides with an employment reality that has historically blocked rate hikes. Bitcoin at $78,700 is positioned in the middle of that binary: a weak print restores the lower-yield backdrop that drove the ETF streak; a strong one confirms the hawkish read and tests the supply wall at $80,000-$82,000. 

US spot Bitcoin ETFs recorded a net outflow of $201.9 million, ending nine consecutive trading days of net inflows, according to Farside data. Spot Ethereum ETFs went the other way, taking in $102.1 million for a 12th consecutive session.The Split Follows Warsh's Hawkish Jackson Hole KeynoteThe reversal in Bitcoin flows lands immediately after Fed Chairman Kevin Warsh's first Jackson Hole address, which markets read as more hawkish than expected.Warsh said the Fed's "predominant focus right now should be on prices," with PCE at 3.7% on a 12-month basis and 4.1% over six months. He dismissed the summer's softer prints as not indicating that underlying trends had improved, and said he "would be hard pressed to describe broad financial conditions as restrictive."September hike odds jumped to 42% from 35% per CME FedWatch, with StoneX's Fawad Razaqzada putting the intraday repricing at 30% to roughly 50%. Bitcoin dipped to $78,700.ETF flows respond to macro conditions with a lag, which is why the outflow arrived the session after the speech rather than during it. The nine-day streak had been built on the opposite backdrop — lower long-end yields and a weaker dollar following Treasury Secretary Bessent's bond buyback expansion.Ether Funds Now Run Three Sessions Longer Than Bitcoin'sThe 12-day Ethereum streak against Bitcoin's broken nine-day run is the more analytically interesting detail.Ether ETFs began their run before Bitcoin's and have now continued through the session that broke it. That divergence has precedent from earlier in the summer, when ETH ETF inflows outpaced Bitcoin's in specific weeks while Bitmine accumulated more than 10,000 ETH weekly and ETH exchange outflows ran $164.6 million over a single week.Ether also outperformed through the rally itself, gaining 31.3% in the week Bitcoin added 23.6%, and closed above its 200-day moving average alongside Bitcoin with a golden cross forming.Whether the divergence reflects a genuine allocation preference or simply different flow timing will be clearer if Ether's streak survives another session or two of Bitcoin outflows.August Still Finishes as the Strongest Month of 2026The outflow arrives at the end of a month that was already historic for the Bitcoin funds.The nine-day streak pulled roughly $2.8 billion into the products, with August flows clearing $3 billion — the strongest month of 2026 and roughly double April's total. Bitcoin ETF assets climbed to more than $99 billion from about $77 billion in mid-August, though most of that $22 billion gain came from price appreciation rather than fresh money.August had needed one more session of net buying to pass October 2025 as the biggest inflow month since the funds launched. The $201.9 million outflow removes that.The funds also remain net negative for 2026 by roughly $2.5 billion, meaning August recovered a little more than half of what left between May and July.The Supply Wall Makes the Flow Reversal ConsequentialThe timing matters because of where Bitcoin is trading.Glassnode data shows nearly 8% of Bitcoin's supply was acquired between $80,000 and $82,000 — the largest concentration at any comparable range, with roughly 5% at $80,000 alone. The average cost basis of US spot ETF deposits sits in the same band, and the 50-week moving average is at $81,081, where Bitcoin was rejected earlier in the week at an $81,265 high.The Bitfinex analyst team described the setup as "a squeeze that has run into a defined population of sellers," pointing to spot demand absorbing overhead supply between $77,100 and $80,000. Absorbing that supply requires sustained spot demand rather than short covering — QCP Capital flagged that falling open interest pointed to short covering rather than fresh buying, with spot ETF inflows supplying the genuine demand.That demand just paused. Whether it resumes depends substantially on the non-farm payrolls report and CPI release landing before the September 16 meeting. Bloomberg Chief Economist Anna Wong has argued next week's payrolls may print weak or even negative, noting there is no precedent in modern Fed history for hiking after two consecutive negative readings.

Lighter (LIT), Zcash (ZEC) and Rain (RAIN) have all broken above multi-month highs and reached their first Fibonacci extension targets, with the 1.618 levels now in focus into the weekend. According to BeInCrypto, LIT targets $3.98 after clearing $3.30, ZEC is eyeing $1,099.14 after stalling under $903.47, and RAIN has hit a record high near $0.019464 with $0.02214 next.

Bloomberg Chief Economist Anna Wong wrote that next week's non-farm payroll report may come in weak, with a certain probability of registering negative growth — an outcome she says would have a key impact on the Federal Reserve's policy path.Her specific claim is historical: there is no precedent in the modern history of the Federal Reserve for raising interest rates after two consecutive negative non-farm payroll readings.The Precedent Argument Cuts Against Warsh's FramingWong's note lands directly against the labor market assessment Chairman Kevin Warsh delivered at Jackson Hole on Friday.Warsh described labor markets as "consistent with full employment," citing a 4.1% jobless rate that has held roughly steady for a couple of years and four-week average unemployment claims near their lowest level in decades. He pre-empted the argument that weak payrolls justify holding: "When labor supply is barely growing, monthly job gains are naturally going to run low."That framing treats soft monthly prints as a supply-side artifact rather than a demand signal. Wong's precedent argument tests it at the extreme. A supply-constrained labor market producing low positive job gains is one thing. Two consecutive negative prints is a different data series, and Wong's point is that the Fed has never hiked into that configuration.Warsh's Own Position Makes the Data More DecisiveThe rejection of forward guidance that defined Warsh's speech is what gives Wong's argument force.Warsh declined to pre-commit to anything: "I stand here today committed to a discipline, not to a decision." He also rejected committing to an explicit reaction function, saying forecasts illustrating one work "better in theory than in practice, better in the lab than in the field."StoneX analyst Fawad Razaqzada read the consequence directly — under the new chairman the Fed has become more data-dependent. A committee that will not pre-commit is one whose September decision genuinely turns on the intermeeting data, which means a payrolls print carries more weight than it would under a chair who had already signalled a path.Razaqzada flagged the same asymmetry Wong is describing: recent US jobs reports have consistently missed expectations and fallen far short, and further weakness could severely undermine hike expectations.The Repricing Now Has Two-Way RiskMarkets moved sharply hawkish during Warsh's speech. September hike odds jumped to 42% from 35% per CME FedWatch, with Razaqzada putting the intraday move at 30% to roughly 50%.That repricing was driven by inflation and financial conditions rather than employment. PCE stands at 3.7% on a 12-month basis with the six-month change at 4.1% — the recent trend running hotter than the annual figure — and Warsh said the summer's softer prints "do not tell me that underlying trends have meaningfully improved." He also concluded he "would be hard pressed to describe broad financial conditions as restrictive."Wong's note introduces the offsetting variable. A non-farm payrolls report and a CPI release both land before the September 16 meeting. If payrolls print negative, the hawkish inflation case collides with an employment print that, by Wong's reading, has no historical precedent for a hike.The Crypto ReadBitcoin dipped to $78,700 on Warsh's remarks after a week in which it added roughly 9% while hike expectations were already rising.That divergence — a rally running through a hawkish repricing — is the position risk. The move was built on lower long-end yields and a weaker dollar following Treasury Secretary Bessent's bond buyback expansion, with the 10-year down seven basis points on the week to 4.67% and Brent easing below $90 on the Iran-Oman Strait of Hormuz agreement. Spot Bitcoin ETFs absorbed $2.8 billion across eight consecutive sessions.A weak payrolls print would restore the lower-yield backdrop that drove those flows. A strong one alongside sticky inflation would confirm the hawkish read Warsh delivered. With Glassnode showing nearly 8% of Bitcoin's supply concentrated between $80,000 and $82,000 and the 50-week moving average at $81,081, the data determines whether spot demand can absorb that overhead supply or whether the eight-session ETF streak breaks first.

如果把今天全球具身智能产业的版图摊开，会发现车企几乎无处不在。

如果用一个字形容塔赫农·本·扎耶德：那就是“豪”。

AI模型公司每赚100美元，约35-40美元以推理计算费用的形式流向AWS、Azure、GCP三大云厂商。云厂商从这笔收入中赚取10-20美元营业利润，对应营业利润率约35%-45%。

Jesse Leimgruber 是 AI 硬件公司 OpenHome 的联合创始人，同时他也持有 Anthropic 的股权。几个月前，他在 X 平台透露自己可能有兴趣出售这些股票。

Solana 正在经历一次具有里程碑意义的治理实验。

孙宇晨,赵长鹏,美股,CZ“劝”孙哥要互相尊重 特朗普将安大略湖改名为美国湖 金色财经,过去24小时，X上的KOL们在聊什么呢？

美联储主席沃什杰克逊霍尔年会鹰派首秀后，市场迅速计入美联储9月加息预期。

发言整体略偏鹰派，虽然市场9月加息预期进一步趋于50/50（更加看不清），但客观地说本次会议是Warsh上台以来信息量最大的一次讲话，加深了我们对他货币政策框架的理解。

金色财经推出加密货币和区块链行业早报《金色早8点》3165期，为您提供最新、最快的数字货币和区块链行业新闻。