Gold is regaining its strategic role in national reserve portfolios.
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π’ Brent climbed to around $91/barrel as U.S.βIran tensions escalated again, raising concerns that supply through the Strait of Hormuz could face further disruptions.
The hotter oil gets, the greater the pressure on inflation and risk assets.
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π° Bitcoin +24% in August, marking its strongest monthly gain since November 2024.πͺ Ethereum +31%, continuing to outperform BTC as capital flows back into the crypto market.
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BTC has Saylor, ETH has Tom Lee β the whales are accumulating aggressively again.
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KICKING OFF SEPTEMBER: TRUMP-LINKED FUND MAKES A BIG BET ON POLYMARKET
π According to Bloomberg, Polymarket is raising $1 billion, which would value the prediction market platform at $21 billion.
π΄ Notably, 1789 Capital β a fund where Donald Trump Jr. is a partner β is leading the funding round and is expected to invest around $300 million.
π€ 1789 Capital had previously invested about $200 million in Polymarket.
π€ Polymarket has declined to comment on the deal for now.
Prediction markets are attracting massive capital from the U.S. financial sector.π¨βπΌ
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Prediction markets are attracting massive capital from the U.S. financial sector.
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πΊπΈ Earlier, Scott Bessent repeatedly applied pressure, arguing that Japan should raise interest rates faster to support the yen.
π―π΅ Japan may raise rates, but the decision still has to belong to the BoJ.
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π Pressure is coming from:
π€ Inflation remains elevatedπ€ The Fed has turned more hawkish after Jackson Holeπ€ U.S. public debt has surpassed $40 trillionπ€ Oil above $90 is reigniting inflation expectationsπ€ Investors are demanding higher yields to hold long-term U.S. debtπ¨ The higher yields go β the more pressure on stocks, gold, and BTC.
For yields to come down, the market needs cooler inflation, a less hawkish Fed, or an improvement in U.S. fiscal conditions*.*
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Weak ADP data helps cool growth expectations, but Nonfarm Payrolls will be the real βdeciderβ for the Fedβs September decision.
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U.S. Adopts βTanker-for-Tankerβ Policy, Strikes 2 Iranian Oil Tankers
π΄ The U.S. has implemented a βtanker-for-tankerβ policy: if Iran attacks a vessel, the U.S. retaliates by targeting an Iranian oil tanker.
π€ The U.S. has just attacked 2 oil tankers belonging to the Iranian government.
π€ The volume of oil escorted by the U.S. through the Strait of Hormuz has reached a record high since the conflict began.
πΊπΈ Washington is stepping up its strategy β no longer just defending shipping lanes, but directly targeting Iranian oil tankers.
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πΊπΈ Washington is stepping up its strategy β no longer just defending shipping lanes, but directly targeting Iranian oil tankers.
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π·πΊ President Putin publicly pledged support for Iran after meeting President Masoud Pezeshkian at the SCO summit in Kyrgyzstan.
πΊπΈ U.S. Treasury Secretary Scott Bessent warned Russia and other major powers not to provide economic or military support to Iran.
π’ Brent crude edged lower this morning, trading below $90.
The recovery in oil flows through Hormuz is helping ease prices, but the U.S.βIran economic standoff remains far from over.
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U.S. Issues $1 Coin Featuring Trump
πΊπΈ The U.S. has officially put into circulation a $1 coin featuring President Trump.
π£ This marks the first time a sitting U.S. president has appeared on currency currently in circulation.
π£ The coin was issued to commemorate the 250th anniversary of the founding of the United States.
From the White House to the dollar coin β Trumpβs image is now appearing across both U.S. policy and currency.
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πΊπΈ The U.S. has officially put into circulation a $1 coin featuring President Trump.
From the White House to the dollar coin β Trumpβs image is now appearing across both U.S. policy and currency.
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