According to BlockBeats, on September 5th, US President Trump again publicly demanded that the Federal Reserve significantly cut interest rates, and pressured the Fed and Chairman Kevin Warsh, stating that the US should have the lowest interest rates in the world. He even threatened that if countries continue to maintain huge trade surpluses with the US, the US might stop trading with countries that have trade deficits.

This statement contrasts sharply with the strong U.S. jobs data released that day. U.S. nonfarm payrolls increased by 162,000 in August, far exceeding market expectations of 56,000, and July's figure was also significantly revised upward from a previous decrease of 23,000 to an increase of 21,000, with the unemployment rate remaining at 4.1%.

Strong jobs data further weakened market expectations for a Federal Reserve rate cut and prompted a reassessment of the September monetary policy path. The market is now awaiting next week's August CPI data to determine inflation trends and the Fed's future policy direction. Bloomberg Economics predicts that the overall CPI year-on-year growth rate in August may rise to 3.4%, while the core CPI year-on-year growth rate may fall to 2.4%.

Market participants believe that Trump's continued demands for interest rate cuts are in stark contrast to the current resilience of the job market and the fact that inflation remains above the Fed's 2% target. Ahead of the Fed meeting in September, CPI and energy price trends will be key variables determining policy expectations.

According to BlockBeats, on September 5th, the cryptocurrency market rebound at the end of August prompted companies to increase their allocation to crypto assets. With the rise in Bitcoin prices, Bitcoin mining companies that had previously actively shifted towards AI businesses have once again become high-beta targets in the BTC market, and the balance sheet strategies of companies directly holding Bitcoin have once again attracted market attention.

Data shows that Bitcoin rose by about 23% at the end of August, with some mining companies seeing their stock prices rise by 41% to 67%, outperforming many AI infrastructure companies. The market believes that the US Treasury's expansion of Treasury bond buybacks, the White House's positive signals regarding cryptocurrency regulation, and the liquidation of over $1.6 billion in short positions jointly drove the rise in related assets.

In terms of corporate holdings, Strive bought 1,800 BTC in the last week of August, spending approximately $143 million, increasing its total holdings to 23,156 BTC, making it the fifth largest publicly traded Bitcoin holder; Strategy increased its holdings by 4,603 BTC during the same period, bringing its total holdings to over 845,000 BTC.

Meanwhile, 21 major financial institutions, including Bank of America, Goldman Sachs, and Citigroup, plan to establish a new company and launch a dollar stablecoin in the first half of 2027, which will then be expanded to other G7 currencies for cross-border payments and digital asset settlement.

Regarding Ethereum, Bitmine has been increasing its ETH holdings for 65 consecutive weeks, with its latest holdings exceeding 5.9 million ETH, representing 4.9% of Ethereum's approximately 120.7 million circulating supply, just shy of its 5% target. Despite this continued increase, the company's current ETH holdings still face approximately $5.1 billion in unrealized losses.

According to BlockBeats, on September 5, the National Sheriffs' Association (NSA) announced that it was withdrawing its opposition to the CLARITY Act, a bill that structurates the cryptocurrency market, and had become "neutral."

In a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the NSA stated that, given the extensive work already done by Congress, the government, and industry stakeholders on the legal, regulatory, and enforcement issues addressed by the bill, the organization has decided to "take a step back and allow the legislative process to continue" in order to establish a clear, effective, and urgently needed regulatory framework.

Previously, the NSA had opposed certain provisions in the bill that granted regulatory exemptions to cryptocurrency mixers, arguing that such provisions could weaken law enforcement’s ability to track on-chain transactions and recover victims’ funds. The NSA had also criticized the CLARITY Act for “protecting the crypto industry, not the public.”

The U.S. Senate is currently planning a procedural vote on the CLARITY Act on September 15. While the bill has made progress with the Senate Agriculture and Banking Committees, issues such as stablecoin rewards, tokenized stocks, and potential conflicts of interest with the Trump family remain controversial.