FORMER CREDIT SUISSE RISK HEAD SEES BITCOIN AT $150,000
CK Zheng, former Credit Suisse global head of valuation risk, says Bitcoin’s worst may be over and expects it to reach $150,000 by late 2027.
Zheng sees regulatory clarity, institutional adoption and potential passage of the CLARITY Act driving the next bull cycle.
He also expects rising U.S. debt to increase demand for Bitcoin and gold as dollar-debasement hedges.
Bitcoin currently trades near $78,535. *WB
CK Zheng, former Credit Suisse global head of valuation risk, says Bitcoin’s worst may be over and expects it to reach $150,000 by late 2027.
Zheng sees regulatory clarity, institutional adoption and potential passage of the CLARITY Act driving the next bull cycle.
He also expects rising U.S. debt to increase demand for Bitcoin and gold as dollar-debasement hedges.
Bitcoin currently trades near $78,535. *WB
TRUMP WEIGHS NEW STRIKES ON IRAN OVER HORMUZ
President Trump is considering limited U.S. strikes against Iran aimed at preventing Tehran from rebuilding radar, air-defense and anti-ship missile capabilities around the Strait of Hormuz, according to U.S. officials.
CENTCOM developed the plan with support from Defense Secretary Pete Hegseth.
The White House had reportedly leaned against escalation, but Iran’s missile attacks on U.S. bases in Jordan could shift Trump’s decision.
Trump said Monday the U.S. will respond and “hit them hard.” *WB
President Trump is considering limited U.S. strikes against Iran aimed at preventing Tehran from rebuilding radar, air-defense and anti-ship missile capabilities around the Strait of Hormuz, according to U.S. officials.
CENTCOM developed the plan with support from Defense Secretary Pete Hegseth.
The White House had reportedly leaned against escalation, but Iran’s missile attacks on U.S. bases in Jordan could shift Trump’s decision.
Trump said Monday the U.S. will respond and “hit them hard.” *WB
TRUMP ADMINISTRATION WILL SOON ANNOUNCE SHARPLY REDUCED VEHICLE FUEL ECONOMY STANDARDS -TRANSPORTATION SECRETARY DUFFY *WB
GOLD FALLS 1% AS FED, MIDDLE EAST PRESSURE MOUNTS
Gold posted a second straight loss as renewed Middle East military action and hawkish Fed expectations pressured prices.
Front-month gold settled 1% lower at $4,431.10/oz, but still gained 9.4% in August.
Silver fell 1.2% to $66.221/oz, while posting a 15% monthly gain.
Markets now turn to upcoming U.S. inflation and labor data for direction. *WB
Gold posted a second straight loss as renewed Middle East military action and hawkish Fed expectations pressured prices.
Front-month gold settled 1% lower at $4,431.10/oz, but still gained 9.4% in August.
Silver fell 1.2% to $66.221/oz, while posting a 15% monthly gain.
Markets now turn to upcoming U.S. inflation and labor data for direction. *WB
TRUMP APPROVAL HOLDS AT 33%, LOWEST LEVEL OF HIS POLITICAL CAREER, REUTERS/IPSOS POLL FINDS *WB
TRUMP APPROVAL STUCK AT RECORD-LOW 33% — REUTERS/IPSOS
President Trump’s approval rating remains at 33%, the lowest level of his political career, according to Reuters/Ipsos.
Dissatisfaction centers on the Iran war and cost of living, with 71% disapproving of Trump’s handling of living costs and only 36% approving of the war.
Ahead of November’s midterms, 46% of Democrats say they are very enthusiastic about voting, versus 31% of Republicans.
Among independents, 36% favor Democrats for Congress compared with 22% for Republicans. *WB
President Trump’s approval rating remains at 33%, the lowest level of his political career, according to Reuters/Ipsos.
Dissatisfaction centers on the Iran war and cost of living, with 71% disapproving of Trump’s handling of living costs and only 36% approving of the war.
Ahead of November’s midterms, 46% of Democrats say they are very enthusiastic about voting, versus 31% of Republicans.
Among independents, 36% favor Democrats for Congress compared with 22% for Republicans. *WB
TRUMP: IRAN STRIKES WILL BE LIMITED
TRUMP: STRAIT OF HORMUZ IN EXTREMELY GOOD SHAPE
TRUMP: A LOT OF OIL COMING OUT OF HORMUZ
TRUMP: SHIPS CAME THROUGH HORMUZ LAST NIGHT WITH NAVY ASSIST
TRUMP: AVERAGING 30 SHIPS A NIGHT OUT OF HORMUZ *WB
TRUMP: STRAIT OF HORMUZ IN EXTREMELY GOOD SHAPE
TRUMP: A LOT OF OIL COMING OUT OF HORMUZ
TRUMP: SHIPS CAME THROUGH HORMUZ LAST NIGHT WITH NAVY ASSIST
TRUMP: AVERAGING 30 SHIPS A NIGHT OUT OF HORMUZ *WB
TRUMP: IRAN DOESN'T REALLY KNOW WHO THEIR LEADER IS
TRUMP: IRAN WILL NEVER HAVE A NUCLEAR WEAPON
TRUMP: WE MAY SMACK IRAN, WE WILL SEE WHAT HAPPENS *WB
TRUMP: IRAN WILL NEVER HAVE A NUCLEAR WEAPON
TRUMP: WE MAY SMACK IRAN, WE WILL SEE WHAT HAPPENS *WB
TRUMP, ASKED IF HE IS REVIEWING POSITION ON FALKLANDS, SAYS I ALWAYS REVIEW POSITIONS AND THAT'S ONE OF THEM *WB
$AAPL - APPLE ALLEGES OPENAI DEFENDANT USED TRADE SECRETS TO TRAIN AI
Apple alleges a defendant in its trade-secret case against OpenAI accessed a proprietary power-converter circuit schematic while at OpenAI and used confidential Apple information to train an AI agent, according to a legal filing.
Apple says the new evidence came from a MacBook provided by OpenAI on Aug. 21 during legal proceedings.
The company is asking a U.S. federal court to expedite discovery in the case. *WB
Apple alleges a defendant in its trade-secret case against OpenAI accessed a proprietary power-converter circuit schematic while at OpenAI and used confidential Apple information to train an AI agent, according to a legal filing.
Apple says the new evidence came from a MacBook provided by OpenAI on Aug. 21 during legal proceedings.
The company is asking a U.S. federal court to expedite discovery in the case. *WB
IRANIAN MEDIA SAY SAUDI OIL TANKER STOPPED WHILE PASSING THROUGH SOUTHERN CORRIDOR OF STRAIT OF HORMUZ; NO SAUDI CONFIRMATION *WB