Market Overview - The US PCE inflation data met expectations, providing the Federal Reserve with enough room to respond to a cooling labor market [2] - US stocks rebounded on Friday, ending a three-day decline, with all sectors of the S&P 500 closing higher, led by consumer discretionary and materials [2] - Major tech stocks saw strong rebounds, with Tesla rising over 4% and Boeing up 3.62% due to the FAA easing delivery restrictions on the 737 MAX [2] - The Asian market saw a decline, with the ChiNext index dropping over 2% and Xiaomi falling 8% [2] Key Economic Indicators - The US core PCE price index rose 0.2% month-on-month in August, aligning with expectations, while consumer spending increased for three consecutive months [4][8] - The US dollar fell nearly 0.4% after the inflation data, although it still recorded a weekly gain of 0.54% [2] - The 10-year US Treasury yield rose by 1.16 basis points, while the 2-year yield fell by 1.43 basis points [2] Corporate Developments - The People's Bank of China emphasized the need for a moderately loose monetary policy and better utilization of financial tools to support economic stability [4][8] - The State-owned Assets Supervision and Administration Commission held a meeting to address the economic operations of state-owned enterprises, focusing on resisting "involution" competition [4][8] - Nvidia's CEO Huang Renxun expressed regret for not investing in OpenAI earlier, predicting that AI-driven revenue could grow from $100 billion to $1 trillion in the next five years [11][12] Industry News - The FDA is expected to gradually ease delivery restrictions for Boeing's 737 MAX, potentially increasing production rates [20] - The first domestic GPU company, Moore Threads, successfully passed its IPO application, with revenue exceeding the past three years combined [11][12] - Ideal Auto launched its new electric SUV, the Ideal i6, starting at 249,800 yuan, featuring a range of 720 kilometers [14]

Core Viewpoint - The article highlights the discovery of a false article generated by AI regarding a public official's alleged corruption involving Bitcoin, leading to administrative penalties for the individual responsible for its publication [1] Group 1 - The article titled "Bitcoin Female Official Jing: The Crazy Corruption Path Behind 327 Bitcoins" was published by a netizen on a personal public account [1] - The Guizhou Provincial Discipline Inspection Commission has refuted the claims made in the article, confirming it was generated by AI and not verified [1] - The internet regulatory department, in collaboration with local public security departments, has initiated actions against the individual responsible, who admitted to the illegal act [1] Group 2 - The internet regulatory department emphasizes that the internet is not a lawless space and will continue to strengthen efforts against online illegal activities [1] - There will be an ongoing focus on exposing typical cases of online violations to create a clearer online environment [1]

Core Viewpoint - The S&P 500 index is facing its largest downside risk since the April low, driven by high market valuations and signs of weakness across multiple sectors [1] Market Conditions - High volatility stocks have reached historical highs but are now beginning to reverse downward [1] - Retail investor preferences and several sectors are showing similar declining trends [1] - The private equity market is also experiencing a downturn [1] Investor Sentiment - Investor sentiment surveys are on the rise, indicating increased speculation in certain assets [1] - Speculative assets are showing parabolic increases, suggesting a potential bubble [1] Risk Factors - There is a divergence between cryptocurrencies and the stock market, which poses additional risks [1] - Bitcoin has historically been closely correlated with the Nasdaq 100 index, but it has weakened over the past two weeks, indicating potential downside risk for the NDX [1]

okx dex钱包折扣注册链接：https://web3.okx.com/ul/joindex?ref=VIC666 推特：https://x.com/victalk6886 币安链接：https://www.binance.com/activity/referral-entry/CPA?ref=CPA_00AJKYPKEA 电报群：https://t.me/joinchat/EN6OG4vXZLw4MDg1 Telegram :victalk2021 #web3 #binance #eth #btc #crypto #币安 # #meme #川普 #比特币 #trump #$TRUMP #川普币 #马斯克 #gork ...

Platform Promotion - OKX DEX wallet discount registration link provided [1] - Binance registration link provided [1] Social Media Channels - Twitter link for victalk6886 provided [1] - Telegram group link provided [1] - Telegram contact victalk2021 provided [1] Cryptocurrency & Meme Coin Mentions - Mentions of Web3, Binance, ETH, BTC, Crypto [1] - Mentions of Meme coins, Trump, Bitcoin, $TRUMP, 川普币 (Trump Coin), Musk, Gork [1]

okx dex钱包折扣注册链接：https://web3.okx.com/ul/joindex?ref=VIC666 推特：https://x.com/victalk6886 币安链接：https://www.binance.com/activity/referral-entry/CPA?ref=CPA_00AJKYPKEA 电报群：https://t.me/joinchat/EN6OG4vXZLw4MDg1 Telegram :victalk2021 #web3 #binance #eth #btc #crypto #币安 # #meme #川普 #比特币 #trump #$TRUMP #川普币 #马斯克 #gork ...

Marketing & Promotion - Provides a referral link for OKX DEX wallet registration with a discount [1] - Includes referral link for Binance [1] - Promotes a Telegram group [1] - Mentions a Telegram username [1] Cryptocurrency & Web3 - Mentions "Based打新" (Based new coin offerings) [1] - Includes hashtags related to Web3, Binance, ETH, BTC, and crypto [1] - Mentions meme coins, Trump, Bitcoin, and Musk [1] - Includes hashtags for "$TRUMP" and "川普币" (Trump coin) [1]

Core Viewpoint - Block, formerly known as Square, has seen its shares decline over 70% from their peak, despite being a significant player in the financial services and payments industries [1][2]. Company Overview - Block is recognized for its user-friendly financial solutions, particularly through its Square segment for small merchants and Cash App for individual banking needs [4]. - The company has a strong customer base, with over 4 million merchants using Square and 57 million monthly active users on Cash App [5]. Growth Strategy - The growth strategy for both Square and Cash App focuses on acquiring new customers and encouraging existing customers to utilize more products and services, which increases revenue [6]. - Block's total addressable market is substantial, with $130 billion for Square and $75 billion for Cash App, while the company generated $9.4 billion in gross profit over the past year, indicating significant growth potential [7]. Market Sensitivity - The company’s performance is sensitive to macroeconomic conditions, as its target customers are more vulnerable to economic downturns [8]. Bitcoin Involvement - Block is increasingly focusing on Bitcoin, with the cryptocurrency contributing $81 million to gross profit in Q2 2024. The company has introduced features for Bitcoin transactions and holds 8,692 units of Bitcoin on its balance sheet [9][10][11]. - The CEO has emphasized the importance of Bitcoin, suggesting that its integration into Block's offerings will likely increase in the coming years [11]. Valuation - The stock is currently undervalued, trading at a forward price-to-earnings ratio of 20, making it an attractive option for investors looking for exposure to payments and Bitcoin [12].

Cryptocurrency Exchange Platforms - OKX DEX wallet discount registration link provided [1] - Binance registration link provided [1] Social Media and Community Channels - Twitter link for updates provided [1] - Telegram group link for community engagement provided [1] - Telegram username provided [1] Cryptocurrency and Meme Coin Mentions - Mentions of Web3, Binance, ETH, BTC, and Crypto [1] - Mentions of meme coins, Trump, Bitcoin, $TRUMP, 川普币 (Trump coin), Musk, and Gork [1]

Core Insights - The number of companies adding Bitcoin to their corporate treasuries has significantly increased this year, with Block ranking 13th in BitcoinTreasuries' list of public companies holding the cryptocurrency [1] - Block's approach to Bitcoin differs from others as it aligns with its business operations and does not rely on raising funds to purchase Bitcoin, instead allocating 10% of its earnings from Bitcoin products for Bitcoin purchases [2] - Block operates as a diversified fintech company, with Bitcoin being just one aspect of its broader range of payment solutions [2] Company Overview - Block was originally launched in 2009 as a payment solutions software company named Square, later rebranding to reflect its expanded focus [4] - A significant component of Block's offerings is Cash App, which provides various financial services including payments, money transfers, and Bitcoin investments [5] - Block also features a Buy Now Pay Later platform called Afterpay, along with Bitcoin mining and wallet products [5] Bitcoin Integration - Bitcoin remains a central focus for Block, with CEO Jack Dorsey being a proponent of Bitcoin as a potential native currency for the internet, integrating it into various company operations [6] - Recent developments include the rollout of payment solutions for merchants that facilitate consumer payments using Bitcoin [6] Financial Performance - Despite Bitcoin's year-to-date gain of approximately 23% as of September 16, Block's shares have declined nearly 12%, attributed to disappointing earnings results [7] - Investors are urged to consider Block's Bitcoin focus in their evaluations, while also taking into account the competitive landscape and potential growth in stablecoins [8]