Binance Morning Post (September 7)

● Trump exempts global tariffs on metals such as gold, tungsten and uranium U.S. President Trump took action on Friday to exempt graphite, tungsten, uranium, gold bars and other metals from his national tariffs while taxing silicone products, according to BlockBeats. The changes will take effect on Monday, under an executive order issued on Friday. Trump's directives may also accelerate the implementation of customized trade agreements between the United States and other countries, making it easier for Washington to remove tariffs on aircraft parts, generic drugs, and certain products that cannot be grown, mined or produced naturally in China (such as special spices, coffee and some rare metals). The president's order said the changes were made on the advice of U.S. officials. Under the measure, “these modifications are necessary and appropriate to respond to the national emergency declared by Trump when he first implemented national-level tariffs in April.” ● Macro Forecast: US PPI and CPI data arrive in August According to BlockBeats, due to the upset U.S. non-farm employment data, expectations of the Federal Reserve's interest rate cuts have heated up. Despite expectations that the Fed will cut interest rates further, the dollar has remained unexpectedly strong, and has not fallen sharply even after the disappointing non-farm employment data. Several Fed observers said these U.S. non-farm employment data have locked in a rate cut this month. Investors also held the same view, pushing the probability of a rate cut this month's meeting to 99%. Events worth noting in the coming week include: Monday, the US New York Fed's 1-year inflation expectation in August. On Tuesday, the initial value of the U.S. non-farm employment benchmark changes in 2025. Wednesday, U.S. PPI data for August; U.S. July wholesale sales monthly rate. On Thursday, the U.S. CPI data for August, the number of initial unemployment claims in the U.S. week to September 6. On Friday, the initial value of the U.S. September one-year inflation rate forecast and the initial value of the University of Michigan Consumer Confidence Index. If PPI again showed an unexpected increase in August, investors could shrink some of their more dovish expectations of the Fed's rate cut. For now, though, the impact of tariffs on commodity prices seems to be moderate, and a potentially bigger headache for the Fed is the recent rebound in service sector inflation. According to the Cleveland Fed’s instant forecast model, the overall CPI annual rate is expected to rise slightly by 0.1 percentage points to 2.8% in August, while the core CPI annual rate may remain unchanged at 3.1%. ● Messari: The total amount of cryptocurrency mergers and acquisitions has reached US$11.98 billion this year According to Wu Said, Messari data shows that the scale of crypto industry mergers and acquisitions (M&A) in 2025 is expected to be the same as the total in the past five years. So far, the disclosed transaction volume has reached US$11.98 billion, more than three times the amount of any single year from 2020 to 2023. ● Data: Business-owned BTC doubled in the past 9 months According to Shenzhen Chao TechFlow, on September 6, Cointelegraph quoted River data as saying that the BTC held by enterprises has doubled in the past nine months.