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On August 28 local time, the US Central Command stated that the United States continues to implement a maritime blockade against Iran. As of that day, US Central Command forces have guided 82 merchant ships to change their course, rendered 3 merchant ships incapable of navigation, and boarded and inspected 2 merchant ships. (CCTV News)

[US Continues Maritime Blockade Against Iran, Redirects 82 Merchant Ships]On August 28 local time, the US Central Command stated that the United States continues to implement a maritime blockade against Iran. As of that day, US Central Command forces have guided 82 merchant ships to change their course, rendered 3 merchant ships incapable of navigation, and boarded and inspected 2 merchant ships. (CCTV News)

US Continues Maritime Blockade Against Iran, Redirects 82 Merchant Ships

On August 28 local time, the US Central Command stated that the United States continues to enforce a maritime blockade against Iran. As of that day, US Central Command forces have guided 82 merchant ships to change their course, rendered 3 merchant ships incapable of navigation, and boarded and inspected 2 merchant ships. (CCTV News)

[US Continues Maritime Blockade Against Iran, Redirects 82 Merchant Ships]On August 28 local time, the US Central Command stated that the United States continues to enforce a maritime blockade against Iran. As of that day, US Central Command forces have guided 82 merchant ships to change their course, rendered 3 merchant ships incapable of navigation, and boarded and inspected 2 merchant ships. (CCTV News)

On August 29, Fed's Goolsbee stated that inflation driven by clearly overheated demand is difficult to resolve, and its duration has exceeded expectations. The focus must remain on determining whether inflation is merely temporary. He does not have a strong opinion on the number of FOMC meetings and does not believe that the policy objectives of the Fed and the U.S. Treasury are in conflict.

[Fed's Goolsbee: Inflation Duration Exceeds Expectations]On August 29, Fed's Goolsbee stated that inflation driven by clearly overheated demand is difficult to resolve, and its duration has exceeded expectations. The focus must remain on determining whether inflation is merely temporary. He does not have a strong opinion on the number of FOMC meetings and does not believe that the policy objectives of the Fed and the U.S. Treasury are in conflict.

Fed's Goolsbee: Inflation Duration Exceeds Expectations

On August 29, Fed's Goolsbee stated that inflation driven by evidently overheated demand is difficult to resolve, and the duration of inflation has exceeded expectations. The focus must remain on assessing whether inflation is merely temporary. He expressed no strong views on the number of FOMC meetings and does not believe that the policy goals of the Fed and the U.S. Treasury are in conflict.

[Fed's Goolsbee: Inflation Duration Exceeds Expectations]On August 29, Fed's Goolsbee stated that inflation driven by evidently overheated demand is difficult to resolve, and the duration of inflation has exceeded expectations. The focus must remain on assessing whether inflation is merely temporary. He expressed no strong views on the number of FOMC meetings and does not believe that the policy goals of the Fed and the U.S. Treasury are in conflict.

On August 29, President Trump announced on social media that the United States has reached an agreement with Venezuela to gain majority control over more than 65 billion barrels of proven oil reserves in Venezuela. The collaboration between the US and Venezuela, through partnerships with private enterprises, allows the US to obtain majority control of these reserves without any cost to American taxpayers. Trump stated that this deal 'will more than double the US oil reserves, significantly increase oil supply, and substantially lower gasoline prices in the US for a long time to come.' However, Trump did not disclose specific details of the agreement, and the White House has yet to release an official statement on the matter.

[Trump: US Gains Majority Control of Over 65 Billion Barrels of Venezuelan Oil Reserves]On August 29, President Trump announced on social media that the United States has reached an agreement with Venezuela to gain majority control over more than 65 billion barrels of proven oil reserves in Venezuela. The collaboration between the US and Venezuela, through partnerships with private enterprises, allows the US to obtain majority control of these reserves without any cost to American taxpayers. Trump stated that this deal 'will more than double the US oil reserves, significantly increase oil supply, and substantially lower gasoline prices in the US for a long time to come.' However, Trump did not disclose specific details of the agreement, and the White House has yet to release an official statement on the matter.

Trump: US Gains Majority Control of Over 65 Billion Barrels of Venezuelan Oil Reserves

On August 29, President Trump announced on social media that the United States has reached an agreement with Venezuela to gain majority control over more than 65 billion barrels of proven oil reserves in Venezuela. The collaboration between the US and Venezuela, through partnerships with private enterprises, allows the US to secure this majority control without any costs to American taxpayers. Trump stated that this deal 'will more than double America's oil reserves, significantly increase oil supply, and substantially lower gasoline prices in the US for a long time to come.' However, Trump did not disclose specific details of the agreement, and the White House has yet to issue an official statement on the matter.

[Trump: US Gains Majority Control Over 65 Billion Barrels of Venezuelan Oil Reserves]On August 29, President Trump announced on social media that the United States has reached an agreement with Venezuela to gain majority control over more than 65 billion barrels of proven oil reserves in Venezuela. The collaboration between the US and Venezuela, through partnerships with private enterprises, allows the US to secure this majority control without any costs to American taxpayers. Trump stated that this deal 'will more than double America's oil reserves, significantly increase oil supply, and substantially lower gasoline prices in the US for a long time to come.' However, Trump did not disclose specific details of the agreement, and the White House has yet to issue an official statement on the matter.

Trump: US Gains Majority Control Over 65 Billion Barrels of Venezuelan Oil Reserves

On August 29, TradingBeats (formerly Hyperinsight) reported that the address of 'Maji Brother' Huang Licheng has once again fallen into floating losses. Currently, he is experiencing a floating loss of $1.06 million while holding 34,900 ETH with 25x leverage; a floating loss of $237,000 while holding 155,000 HYPE with 10x leverage; and has just stopped out of the PUMP long position with a loss of $103,400. After closing the BTC long position with a loss of $237,000, he has re-entered the market with a long position of 100 BTC using 40x leverage.

[Maji's Holdings Face Floating Losses Again, Liquidates PUMP Long Position]On August 29, TradingBeats (formerly Hyperinsight) reported that the address of 'Maji Brother' Huang Licheng has once again fallen into floating losses. Currently, he is experiencing a floating loss of $1.06 million while holding 34,900 ETH with 25x leverage; a floating loss of $237,000 while holding 155,000 HYPE with 10x leverage; and has just stopped out of the PUMP long position with a loss of $103,400. After closing the BTC long position with a loss of $237,000, he has re-entered the market with a long position of 100 BTC using 40x leverage.

Maji's Holdings Face Floating Losses Again, Liquidates PUMP Long Position

On August 29, TradingBeats (formerly Hyperinsight) reported that 'Maji Brother' Huang Licheng's address has once again fallen into floating losses. Currently, he is experiencing a floating loss of $1.06 million on a long position of 34,900 ETH with 25x leverage; a floating loss of $237,000 on a long position of 155,000 HYPE with 10x leverage; and has just cut losses on the PUMP long position, incurring a loss of $103,400, as well as a loss of $237,000 on the BTC long position. He has now reopened a long position of 100 BTC with 40x leverage.

[Maji's Holdings Face Floating Losses Again, Cuts Losses on PUMP Long Position]On August 29, TradingBeats (formerly Hyperinsight) reported that 'Maji Brother' Huang Licheng's address has once again fallen into floating losses. Currently, he is experiencing a floating loss of $1.06 million on a long position of 34,900 ETH with 25x leverage; a floating loss of $237,000 on a long position of 155,000 HYPE with 10x leverage; and has just cut losses on the PUMP long position, incurring a loss of $103,400, as well as a loss of $237,000 on the BTC long position. He has now reopened a long position of 100 BTC with 40x leverage.

Maji's Holdings Face Floating Losses Again, Cuts Losses on PUMP Long Position

On August 29, U.S. President Trump announced on social media that the United States has reached an agreement with Venezuela to gain majority control over more than 6.5 billion barrels of proven oil reserves in Venezuela. Trump stated that the collaboration between the U.S. and Venezuela, through partnerships with private enterprises, has allowed the U.S. to secure this majority control without any cost to American taxpayers. He claimed that this deal 'will more than double U.S. oil reserves, significantly increase oil supply, and substantially lower gasoline prices in the U.S. for a long time to come.' However, Trump did not disclose specific details of the agreement, and the White House has yet to release an official statement on the matter. (Xinhua News Agency)

[Trump: U.S. Gains Majority Control of Over 6.5 Billion Barrels of Venezuelan Oil Reserves]On August 29, U.S. President Trump announced on social media that the United States has reached an agreement with Venezuela to gain majority control over more than 6.5 billion barrels of proven oil reserves in Venezuela. Trump stated that the collaboration between the U.S. and Venezuela, through partnerships with private enterprises, has allowed the U.S. to secure this majority control without any cost to American taxpayers. He claimed that this deal 'will more than double U.S. oil reserves, significantly increase oil supply, and substantially lower gasoline prices in the U.S. for a long time to come.' However, Trump did not disclose specific details of the agreement, and the White House has yet to release an official statement on the matter. (Xinhua News Agency)

Trump: U.S. Gains Majority Control of Over 6.5 Billion Barrels of Venezuelan Oil Reserves

On August 29, following remarks by Federal Reserve Chairman Walsh aimed at curbing inflation pressures, market bets on a Fed interest rate hike significantly increased, leading to a stronger dollar and a sharp decline in prices of precious metals like gold. As of the time of writing, spot gold had fallen 2.6% for the day, dropping over $120 to $4480 per ounce, with an intraday low of $4464, marking a one-week low. Independent analyst Tai Wong noted, 'Chairman Walsh clearly stated that inflation has not shown substantial signs of slowing and emphasized that the Fed 'still has work to do,' which triggered a severe sell-off in the gold market. Although this may still be a communication strategy of 'much ado about nothing,' it is enough for the market to view the September meeting as a standoff with equal odds for a rate hike and a pause.' Walsh's remarks are his closest acknowledgment to date that further rate hikes may be necessary to alleviate price pressures. He indicated that if policymakers cannot be confident that core inflation is steadily returning to the 2% target level, the Fed 'still has work to do.' In response, traders quickly increased their bets on a rate hike in September. In other precious metals, spot silver fell 3.63% to $66.77 per ounce; spot platinum reversed from gains to a decline of 0.27%, settling at $1841.9; while spot palladium saw its gains narrow to 5.05%, priced at $1418.3.

[Walsh's Hawkish Stance Boosts Rate Hike Bets, Spot Gold Drops Over $120]On August 29, following remarks by Federal Reserve Chairman Walsh aimed at curbing inflation pressures, market bets on a Fed interest rate hike significantly increased, leading to a stronger dollar and a sharp decline in prices of precious metals like gold. As of the time of writing, spot gold had fallen 2.6% for the day, dropping over $120 to $4480 per ounce, with an intraday low of $4464, marking a one-week low. Independent analyst Tai Wong noted, 'Chairman Walsh clearly stated that inflation has not shown substantial signs of slowing and emphasized that the Fed 'still has work to do,' which triggered a severe sell-off in the gold market. Although this may still be a communication strategy of 'much ado about nothing,' it is enough for the market to view the September meeting as a standoff with equal odds for a rate hike and a pause.' Walsh's remarks are his closest acknowledgment to date that further rate hikes may be necessary to alleviate price pressures. He indicated that if policymakers cannot be confident that core inflation is steadily returning to the 2% target level, the Fed 'still has work to do.' In response, traders quickly increased their bets on a rate hike in September. In other precious metals, spot silver fell 3.63% to $66.77 per ounce; spot platinum reversed from gains to a decline of 0.27%, settling at $1841.9; while spot palladium saw its gains narrow to 5.05%, priced at $1418.3.

Walsh's Hawkish Stance Boosts Rate Hike Bets, Spot Gold Drops Over $120

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Walsh's Hawkish Stance Boosts Rate Hike Bets, Spot Gold Drops Over $120

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