1st Week of September 2026 Statistical Period: Sep 2, 2026 – Sep 8 Data Cutoff: Sep 8, 2026 Core Narrative Driven by macroeconomic data and geopolitical tensions, the crypto market experienced1st Week of September 2026 Statistical Period: Sep 2, 2026 – Sep 8 Data Cutoff: Sep 8, 2026 Core Narrative Driven by macroeconomic data and geopolitical tensions, the crypto market experienced

新手學院/市場洞察/熱點分析/MEXC Alpha Trader Research Weekly | Rare NFP-ADP Divergence Sparks Market Tug-of-War: Rate Hike or Pause?

MEXC Alpha Trader Research Weekly | Rare NFP-ADP Divergence Sparks Market Tug-of-War: Rate Hike or Pause?

作者：MEXC

Sep 21, 2026MEXC

21 分鐘

#Weekly Research Report

1st Week of September 2026

Statistical Period: Sep 2, 2026 – Sep 8

Data Cutoff: Sep 8, 2026

Core Narrative

Driven by macroeconomic data and geopolitical tensions, the crypto market experienced significant volatility last week. BTC fluctuated widely between $76,000 and $82,000, shifting from early-week panic to a robust midweek rebound before settling around $78,000.

Nonfarm payrolls surged past expectations, reigniting rate-hike fears and pushing the probability of a September increase to 60%. On September 4, the U.S. Bureau of Labor Statistics released the August nonfarm payrolls report, revealing job gains of 162,000—far exceeding the market forecast of 56,000. Additionally, figures for the preceding two months were revised upward by a combined 55,000. The unemployment rate remained steady at 4.1%, while the labor force participation rate rose from 61.4% to 61.6%. Following the release, the CME FedWatch tool indicated that the likelihood of a 25-basis-point rate hike in September jumped to 60.3%, with the probability of rates holding steady dropping to 39.7%. Capital Economics economists noted, "Even the most steadfast doves would struggle to find justification in the August jobs report for keeping rates unchanged."

ADP employment data missed expectations sharply, contrasting with robust official nonfarm payrolls. Released on September 2, the U.S. August ADP private-sector employment report showed a gain of only 38,000 jobs, falling significantly short of the 48,000 projected by the market and marking the slowest growth since January. The manufacturing and professional services sectors experienced notable job losses. While this weakness in the "mini nonfarm payrolls" briefly alleviated rate-hike concerns, the strong official nonfarm payrolls data released two days later completely reversed market sentiment.

ISM Manufacturing PMI expands for eighth consecutive month, though new orders cool. The U.S. August ISM Manufacturing PMI, released on September 1, came in at 54.6%. Although this figure was below the expected 55.2% and the previous month's 55.6%, it marked the eighth straight month of expansion. Notably, the new orders index retreated to 53.7%, its lowest level since March. Meanwhile, the Services PMI rose by 1.3 points month-over-month to 55.4%.

ETF Fund Flows: Bitcoin Records Third Consecutive Week of Net Inflows, Approaching $1 Billion Milestone. For the week ending September 4, U.S. Bitcoin Spot ETFs posted net inflows of $987 million, a 6.7% week-over-week increase. This marks the third straight week of positive inflows since mid-August. Conversely, capital flows into other major crypto ETFs—including Ethereum, Solana, and XRP—slowed dramatically, with declines ranging from 73% to 96%. Meanwhile, weekly trading volume for Bitcoin ETFs contracted from nearly $19 billion to approximately $14.5 billion.

Geopolitics: Escalating U.S.-Iran Tensions Push Oil Prices Toward $100. Over the weekend, reciprocal attacks on oil tankers and warships by the U.S. and Iran marked a "major escalation" in hostilities, according to maritime intelligence firm Mariks. Consequently, Brent Crude futures climbed to $97.31 per barrel on September 7, briefly hitting an intraday high of $98.06—the highest level in six weeks. Data indicates that traffic through the Strait of Hormuz has dropped to an average of just 10 merchant ships per day over the past 10 days, the lowest figure since May. Goldman Sachs warns that further escalation could drive oil prices as high as $120 per barrel.

Market Overview: Market volatility intensified this week driven by a confluence of three key factors: stronger-than-expected nonfarm payrolls, renewed expectations of rate hikes, and escalating geopolitical tensions. BTC prices fluctuated repeatedly within the $77,000–$82,000 range. Attention has now shifted to the August CPI data, scheduled for release on September 11. As the final critical inflation indicator before the September 16 FOMC meeting, these figures will likely play a decisive role in shaping future interest rate policy.

I. Key Developments in the Crypto Market

1. Institutional Capital: Bitcoin ETFs Record Third Consecutive Week of Net Inflows, Totaling $987 Million

In early September, U.S. Bitcoin Spot ETFs sustained the robust inflow momentum established in mid-August.

Data from SoSoValue reveals that for the week ending September 4, these ETFs attracted net inflows of $987 million—a 6.7% week-over-week increase. This marks the third straight week of positive flows. Since mid-August, cumulative net inflows have surpassed $3.8 billion.

Daily performance varied: August 31 opened with strong inflows of $216.7 million. Despite a $236.5 million outflow on September 1, the trend reversed over the following three trading days. September 2 saw inflows of $101.1 million, followed by a surge of $730.8 million on September 3, and concluding with $174.6 million on September 4.

Capital inflows into major crypto ETFs, including those for Ethereum, Solana, and XRP, have slowed significantly. Solana ETF net inflows plummeted by 96%, dropping from $154 million last week to just $6.2 million, while XRP ETF net inflows retreated to $19 million. In contrast, Bitcoin ETFs continue to attract capital, even as growth momentum for other major crypto ETFs clearly weakens.

Trading activity reflects rising market caution. Total Bitcoin ETF trading volume contracted from nearly $19 billion to approximately $14.5 billion this week, while Ethereum ETF weekly trading volume also declined to around $4.1 billion.

In August, Bitcoin ETF monthly net inflows exceeded $3 billion, marking the strongest single-month performance since 2026. By the end of the month, cumulative net inflows into Bitcoin Spot ETFs reached approximately $54.63 billion, with total net assets approaching the $97 billion to $100 billion range.

2. Price Performance: BTC Exhibits Wide Swings in the $76,000–$82,000 Range

Bitcoin experienced significant volatility over the past week, characterized by intense two-way trading. On September 2, BTC retraced to approximately $77,000, closing at $77,132 (a 0.2% decline) with an intraday low of $76,258, thereby relinquishing a portion of August's nearly 25% gains. The asset staged a robust rebound on September 3, reaching a peak of $82,278, resulting in a weekly trading range of roughly $6,000. As of September 8, Bitcoin has stabilized, consolidating around the $78,000 level. Among other major cryptocurrencies, Ethereum traded within a narrow band of $2,350–$2,450, recording a weekly gain of approximately 0.5%–1.5%. Solana and XRP mirrored the broader market with modest recoveries, while overall market volatility has subsided.

Asset	Weekly Change	Price Range
Bitcoin	Approx. +0.5% – +1.5%	$76,000 – $82,300
Ethereum	Approx. +0.5% – +1.5%	$2,350 – $2,450
Solana	Approx. +1% – +2%	$72 – $88
XRP	Approx. +0.5% – +1.5%	$1.00 – $1.42
Total Market Cap	Approx. -1% – +1%	$25.0 – $27.0 Trillion

Data Source: MEXC, CoinMarketCap, CoinGecko

Technical Outlook: As of September 1, Bitcoin is consolidating within the $77,800–$78,000 range. Overhead resistance is defined by the August 28 intraday high of $81,455 and the 50-week Moving Average near $81,000. Key short-term support lies between $77,000 and $77,400; a downside break could push prices toward $75,000, while immediate resistance is concentrated at $79,000–$80,000. The RSI has cooled from earlier overheated levels above 80 to approximately 69.7. With significant BTC supply clustered around $80,000–$82,000, breaking through this zone will be challenging. Market attention has now shifted to the Federal Reserve's September rate decision. Should expectations for rate hikes intensify, BTC may remain under pressure.

3. Stablecoins: Market Expansion Continues as USDC Mints Additional $5 Billion in One Week

The stablecoin market remained largely stable during the first week of September. According to the CoinW Research Institute's weekly report, the total stablecoin market cap stood at $307 billion for the week ending September 6, a slight 0.07% decrease from the previous week's $307.2 billion, representing 10.99% of the total cryptocurrency market cap. Meanwhile, data from Token Terminal indicates that the market cap of stablecoins on the Ethereum network reached $163.5 billion, setting a new all-time high.

USDT: USDT maintains its dominant position despite a slight dip in market capitalization. According to the CoinW Research Institute, USDT's current market cap stands at $183.38 billion, representing approximately 59.73% of the total stablecoin market—a marginal decrease of 0.02% from last week's $183.41 billion. Data from Investing.com further indicates a circulating supply of roughly 183.4 billion tokens, corresponding to a market cap of about $183.9 billion. With a near-60% market share, USDT continues to lead the stablecoin sector.

USDC: USDC saw $584 million in new issuance over the past week, with on-chain trading activity surpassing that of USDT. Crypto Briefing data reveals that USDC's market cap grew by approximately $584 million, contributing to a combined $1 billion increase for Ethena's USDe and PayPal's PYUSD. Currently, USDC’s market cap ranges between $74 billion and $77 billion, accounting for roughly 24% of the total stablecoin supply.

Notably, while USDC still trails USDT significantly in terms of market cap, its share of adjusted on-chain trading volume has reached 60%-70% since 2026—far exceeding its market cap proportion. This suggests that USDC's efficiency in real-world payment and settlement scenarios has surpassed that of USDT. However, this week's $584 million growth marks a slowdown compared to the $1.5 billion weekly surge observed in August.

Exchange Stablecoin Liquidity: The 113-day net outflow trend has concluded, though growth momentum is decelerating. On September 1, the 30-day average net stablecoin flow on exchanges turned positive for the first time since May 11, recording a net inflow of $13.85 million and officially ending 113 consecutive days of net outflows. However, this figure declined to $11.66 million and $6.85 million over the subsequent two days—a drop of approximately 51%—signaling that positive momentum is weakening.

Analysts emphasize that this signal should be interpreted as "the end of the net outflow phase" rather than "the establishment of sustained inflows." A full liquidity reversal requires exchange net flows to remain positive and gradually expand. Additionally, while the Stablecoin Supply Ratio (SSR) has retreated from its August 26 peak and three oscillators remain above zero—indicating a recovery in relative buying power—the overall level remains below recent norms.

Structural Signals: The total stablecoin market cap has stabilized above $300 billion, USDC continues to expand, and net outflows from exchanges have ceased. Collectively, these indicators suggest that market liquidity is shifting from sustained contraction toward a neutral balance. Given the rapid decline in inflow strength, the sustainability of incremental capital warrants further observation.

II. Global Asset Performance

1. Equities: Nonfarm Payrolls Reignite Rate Hike Fears; AI Hardware Outperforms

U.S. equities experienced volatile and divergent movements this week, driven by the tension between the latest nonfarm payrolls report and growing expectations of interest rate hikes.

On September 1, U.S. stocks extended their losses: the S&P 500 declined 0.71%, the Nasdaq dropped 1.03%, the Dow Jones Industrial Average fell 0.79%, and the Philadelphia Semiconductor Index slid 2.14%.

A rebound followed on September 2, with the S&P 500 rising 1.06% to 7,747, the Dow gaining 1.18% to 53,686, and the Nasdaq advancing 1.40% to 26,584.

On September 4, the release of nonfarm payroll data renewed concerns over potential rate hikes, weighing on market sentiment. The S&P 500 dipped 0.38%, the Nasdaq fell 0.29%, and the Dow Jones declined 0.51%. For the week overall, the S&P 500 edged up approximately 0.1%, the Nasdaq rose about 0.4%, while the Dow Jones retreated roughly 0.3%.

AI Hardware Stocks Shine. Defying broader market trends, the Philadelphia Semiconductor Index surged 3.37% on Friday, with all 30 constituents closing in positive territory. Notable gainers included SanDisk (+11.90%), Marvell Technology (+7.05%), and Micron (+6.10%). Renewed confidence in AI demand helped offset lingering concerns over potential rate hikes.

Index	Weekly Change	Key Drivers	On-Chain Mapping
Nasdaq Composite Index	~ +0.4%	Supported by an AI hardware rebound, though gains were limited by rate-hike expectations	QQQON/USDT
S&P 500 Index	~ +0.1%	Nonfarm payrolls data and rate-hike expectations remain in a tug-of-war	SPYON/USDT
Dow Jones Industrial Index	~ -0.3%	Rate-sensitive sectors faced pressure and declined	US30USDT

2. Commodities: Escalating U.S.-Iran Tensions Push Oil Toward $100; Gold Dips Below $4,400

This week, the commodities market exhibited a clear divergence driven by geopolitical tensions and macroeconomic data releases: crude oil rallied strongly, while precious metals came under pressure and declined.

Crude Oil: Tensions between the U.S. and Iran escalated significantly as Brent Crude approached the $100 mark. Over the weekend, both nations engaged in attacks on each other's oil tankers and warships. Maritime intelligence firm Mariks described these actions as a "major escalation" in their military postures. Amidst rising geopolitical risks, WTI Crude closed up 0.88% at $91.01/barrel on September 2, while Brent Crude rose 1.04% to $95.63/barrel. The upward momentum continued; by September 7, Brent Crude had climbed to $97.31/barrel, briefly hitting an intraday high of $98.06—its highest level since July 24. Over the past week, Brent Crude gained approximately 8%, whereas WTI Crude rose nearly 10%. Supply concerns have intensified, with only an average of 10 merchant ships passing through the Strait of Hormuz daily over the last 10 days, the lowest volume since May. Goldman Sachs warns that if attacks persist, oil prices could surge to $120 per barrel.

Gold: Gold prices faced pressure from stronger-than-expected nonfarm payrolls data, dipping below the $4,400 level. Following the release of the jobs report on September 4, market expectations for a September rate hike surged, triggering a sharp short-term decline in spot gold. Prices dropped by over $100, hitting a low of $4,365.81/oz before closing at $4,430.33/oz, a 0.95% daily decrease. For the week ending September 4 (starting August 31), spot gold opened at $4,457.80/oz, peaked at $4,510.90, and closed at $4,430.52, resulting in a weekly decline of 0.52%. Overall, gold experienced significant volatility, fluctuating within the $4,300–$4,600 range.

Silver: Exhibits high elasticity, resulting in a steeper decline than Gold. On September 4, spot silver closed at $66.099/oz, down 1.20% for the day. For the week of August 31 to September 4, it opened at $66.330/oz and closed at $66.194/oz, marking a weekly decrease of 0.21%. The gold-silver ratio stood at approximately 66.29. Analysis suggests the short-term price center is poised for upward fluctuation.

Product	Weekly Performance	Key Events	On-Chain Mapping
WTI Crude Oil	$90 – $93/barrel	Reciprocal attacks by the U.S. and Iran on oil tankers and warships mark a "major escalation" in the Strait of Hormuz conflict. The supply risk premium surged rapidly, driving a weekly gain of nearly 10%.	OIL(WTI)USDT
Brent Crude Oil	$95 – $98/barrel	Intensifying U.S.-Iran military confrontations have turned merchant ships into tools of economic pressure. With Brent Crude nearing the $100 threshold, Goldman Sachs warns prices could reach $120.	OIL(BRENT)USDT
Gold	$4,400 – $4,650/oz	August nonfarm payrolls rose by 162,000, significantly exceeding expectations. The probability of a September rate hike climbed to 60%, while a stronger U.S. dollar and rising Treasury yields weighed on gold prices, resulting in a 0.52% weekly decline.	GOLD(XAUT)USDT GOLD(PAXG)USDT GOLD(XAUT)USDC GOLD(PAXG)USDC
Silver	64 – 69 USD/oz	Better-than-expected nonfarm payrolls reinforced the "rate-hike trade" narrative, boosting real yields and the U.S. dollar, which pressured precious metals. Due to its higher elasticity compared to gold, silver experienced a sharper drop, ending the week down 0.21%.	SILVER(XAG)USDT

3. Bond Market: The 10-Year Yield Nears 4.81%, Hitting a Nearly Three-Year High, as Rate Hike Probability Rises to 60.4%

This week's bond market narrative is clear: stronger-than-expected nonfarm payroll data has reignited rate hike expectations, while inflation concerns driven by geopolitical conflicts and rising oil prices have triggered a broad-based increase in U.S. Treasury yields across all maturities.

On September 2, the 10-year U.S. Treasury yield approached 4.8%, reaching its highest level in nearly three years. Driven by sustained rises in international oil prices and a global sell-off in government bonds, the 10-year yield broke above 4.8% intraday before closing up 4.1 basis points at 4.797%—its highest close since October 18, 2023. Meanwhile, the 2-year yield climbed to 4.37%, marking a 19-month high, and the 30-year yield settled at 5.277%. According to Xinhua Finance Analysis, mounting pressure on the bond market stems from Middle East tensions, fiscal deficit concerns, and increased issuance of AI-related bonds.

September 4 (Fri): Stronger-than-expected nonfarm payrolls sparked a bond sell-off, while Trump's remarks initially pushed yields higher before they retreated. August nonfarm payrolls rose by 162,000, significantly surpassing market expectations and driving U.S. Treasury yields up. The 2-year yield jumped more than 4 basis points to 4.377%, marking its highest level since January 2025, while the 10-year yield climbed over 2 basis points to 4.784%. Later, Trump took to Truth Social to pressure the Fed for rate cuts and threatened trade restrictions on countries with trade surpluses. This dampened market sentiment, causing the bond market's decline to narrow slightly.

September 8 (Tue): Rising energy costs weighed on sentiment, nudging U.S. Treasury yields higher. With Brent crude approaching $100 per barrel, investors remained cautious ahead of this week's PPI and CPI data releases. The 10-year Treasury yield rose more than 2 basis points to 4.8063%, nearing the 5% threshold; the 30-year yield gained 2 basis points to 5.2708%; and the 2-year yield held steady at 4.3810%.

Rate Hike Expectations Outlook: According to CME FedWatch data as of September 8, the market assigns a 60.4% probability to a 25-basis-point rate hike by the Fed in September, with a 39.6% chance of rates remaining unchanged. Looking ahead to October, the likelihood of a cumulative 25-basis-point hike stands at 54.9%, while the probability of a cumulative 50-basis-point increase is 16.1%.

MEXC has listed the tokenized Treasury Bond product TLTON/USDT (pegged to the TLT ETF), offering users a convenient channel to trade expectations on long-end U.S. Treasury yields. Additionally, the platform has introduced several international ETF token trading pairs, including EEMON/USDT, EFAON/USDT, and INDAON/USDT.

Asset	Weekly Change	Key Drivers
2-Year U.S. Treasury Yield	4.34% → 4.38% (+4 bps)	Nonfarm payrolls exceeded expectations, pushing the probability of a rate hike above 60% and sending yields briefly to a 20-month high.
10-Year U.S. Treasury Yield	4.75% → 4.81% (+6 bps)	Geopolitical tensions boosted oil prices; combined with hawkish repricing of rate hikes, intraday yields briefly approached the 5% threshold.
30-Year U.S. Treasury Yield	5.24% → 5.27% (+3 bps)	Driven by long-end supply pressure and inflation expectations, yields remained elevated above 5%.

From an institutional perspective, the Wells Fargo Investment Institute noted that while the rapid rise in Treasury bond yields warrants attention, it has not yet reached a turning point. Meanwhile, the Chief Investment Officer of U.S. wealth management firm LNW warned that if the 10-year U.S. Treasury yield breaks above 5%, it could serve as the "last straw," triggering sell-offs in risk assets. Xinhua Finance Analysis suggests that the current surge in long-end rates transcends the simple question of central bank rate hikes; fundamentally, it signals a redefinition of the price of global long-term capital.

III. In-Depth Analysis of Key Themes

Theme 1: Robust Nonfarm Payrolls – 162,000 Jobs Added, Far Exceeding Expectations; Rate Hike Probability Rebounds to 60%

The August nonfarm payrolls report, released on September 4, has emerged as the primary driver of global market trends this week.

Key Data Highlights:

New nonfarm payrolls: 162K, significantly surpassing the market expectation of 56K
Upward revision of prior data: June and July figures were revised up by a combined 55,000; July's initial estimate of -23,000 was adjusted to +21,000
Unemployment rate: 4.1%, unchanged from July
Labor force participation rate: 61.6%, rising from the previous 61.4%

Data Interpretation:While August's job gains exceeded expectations, growth was heavily concentrated in the leisure and hospitality sector and local government employment. Excluding these two sectors, net nonfarm payroll growth amounted to only 50,000. Specifically, the surge in leisure and hospitality was primarily driven by seasonal summer demand, while the rise in local government education jobs reflected the back-to-school hiring cycle. Conversely, employment in information and financial services has contracted for several consecutive months, signaling that weakness in cyclical industries is persisting. Year-to-date, average monthly job gains stand at just 80,000—far below the 2022 average of 443,000—indicating that the broader labor market continues to cool.

Impact on Crypto Assets: Nonfarm payrolls data surpassed expectations, driving the probability of a September rate hike back above 60%. The persistent high-interest-rate environment continues to suppress valuations for zero-yield risk assets, resulting in sharp BTC volatility surrounding the data release. However, final market expectations for a September rate hike hinge on the August CPI data, scheduled for release on September 11. Should inflation continue to cool, rate-hike expectations may ease; conversely, if price pressures remain robust, the impetus for further rate hikes could intensify.

Topic 2: Bitcoin ETFs Record Three Consecutive Weeks of Net Inflows – Signaling a Structural Return of Institutional Capital

During the first week of September, Bitcoin Spot ETFs continued to attract significant institutional capital.

Data Highlights: For the week ending September 4, net inflows into Bitcoin ETFs totaled $987 million, marking the third consecutive week of positive flows. Cumulative net inflows over this three-week period exceeded $3.8 billion, highlighted by a single-day surge of $730.8 million on September 3.

Emerging Signs of Capital Divergence: As Bitcoin ETFs continue to attract capital, inflows into ETFs for major altcoins such as Ethereum, Solana, and XRP have slowed markedly, with declines ranging from 73% to 96%. For instance, Solana's ETF net inflows plummeted from $154 million last week to just $6.2 million. This trend indicates that institutional capital is increasingly concentrating in Bitcoin rather than being diversified across other crypto assets.

Trading Strategy Takeaways: While sustained institutional accumulation around the $77,000 level sends a positive signal, short-term market movements remain driven by macroeconomic uncertainties, including interest rate expectations and CPI data. A cooler-than-expected CPI reading could bolster ETF inflows; conversely, data exceeding expectations may heighten rate-hike concerns, further weighing on asset prices.

Topic 3: Major Escalation in U.S.-Iran Tensions – Oil Prices Approach $100 as Geopolitical Risk Premium Surges

The most significant geopolitical variable this week is the notable escalation in tensions between the U.S. and Iran.

Signature Event Marking an Escalation in the Conflict: Over the weekend, the U.S. and Iran engaged in reciprocal attacks on each other's oil tankers and warships. Maritime intelligence firm Mariks described this development as a "major escalation" in bilateral tensions, noting that commercial shipping is being deliberately weaponized to exert economic pressure.

Oil Price Reaction: On September 7, Brent Crude Futures climbed to $97.31 per barrel, briefly touching an intraday high of $98.06—the highest level in six weeks. Last week, Brent Crude rose approximately 8%, while WTI Crude gained nearly 10%. Over the past ten days, the average daily number of merchant vessels transiting the Strait of Hormuz dropped to just 10, the lowest figure since May. Goldman Sachs predicts that if such attacks become frequent, oil prices could surge to $120 per barrel.

Impact on Crypto Assets: The ongoing standoff in the Strait of Hormuz continues to underpin oil prices, thereby fueling inflation expectations. With the probability of a rate hike now at 60%, any geopolitical event that further stokes inflation could reinforce hawkish monetary policy expectations, weighing on risk assets. However, Bitcoin’s resilience during August's geopolitical conflicts has lent support to its narrative as "digital gold."

IV. Market Hot Topic Word Cloud

Rank	Key Topics	Core Drivers	On-Chain Mapping
1	Nonfarm Payrolls Surge: 162K Actual vs. 56K Expected	August employment data significantly exceeded forecasts, raising the probability of a September rate hike to 60.4%	BTC/USDT, TLTON/USDT
2	Nonfarm Payrolls Surge: 162K Actual vs. 56K Expected	Strong August job growth boosted expectations for a September rate hike to 60.4%	BTC/USDT
3	U.S.-Iran Tensions Escalate; Oil Approaches $100	Brent Crude hit $98.06; Goldman Sachs warns prices could reach $120	OIL(WTI)USDT, OIL(BRENT)USDT
4	BTC Volatility Spikes in $76K–$82K Range	NFP data intensified volatility; institutions continue accumulating near $77K	BTC/USDT
5	August ISM Manufacturing PMI at 54.6	Expansion continues for the eighth consecutive month, though new orders hit a low since March	OIL(BRENT)USDT
6	ADP Jobs Rise by Only 38K, Lagging Behind NFP's 162K	Rare divergence between "mini NFP" and official data triggers intense market positioning	MX/USDT

V. Key Focus Areas for the Week Ahead

Economic Calendar (Sep 9—Sep 16, UTC+0)

Date	Event/Indicator	Market Impact	Tokenized Underlying
Sep 11, Fri 12:30	U.S. August CPI Inflation Data	Key Highlight: A critical barometer shaping expectations for the September rate hike.	BTC/USDT, TLTON/USDT
Sep 12, Sat 12:30	U.S. August PPI Data	A leading indicator of wholesale inflation and a key reference for forecasting CPI trends.	BTC/USDT, TLTON/USDT
Sep 16, Wed	Fed September FOMC Interest Rate Decision	Rate hike probability has risen to 60.4%; the outcome will define the final policy trajectory.	BTC/USDT
Ongoing Monitoring	U.S.-Iran Tensions in the Strait of Hormuz	Iran's "full shutdown" and Oman Protocol developments remain key variables for geopolitical risk premiums.	OIL(WTI)USDT
Ongoing Tracking	Bitcoin ETF Fund Flows	Monitor whether strong net inflows sustain for a third consecutive week.	BTC/USDT
Ongoing Tracking	BTC $77,000 Support Level	A decisive break below could trigger a further decline to the $75,000–$76,000 range.	BTC/USDT

Data Preview: The CPI data released on September 11 will offer crucial insights into current inflation dynamics. Analysts suggest that combining PPI and CPI figures will allow the Fed to better assess the sustainability of recent easing in inflationary pressures. If the MoM increase in core CPI exceeds 0.3%, a rate hike is nearly certain; conversely, a figure of just 0.1% would likely delay the hiking cycle.

VI. Platform Updates

1. Launching the "Trade Wall Street, Without Walls" Event to Dismantle Traditional Barriers to Stock Market Participation

On September 8, MEXC officially launched the "Trade Wall Street, Without Walls" event. This initiative leverages crypto-native trading infrastructure to address five major barriers traditionally faced by retail investors in the stock market: high entry thresholds, trading costs, limited trading hours, capital requirements, and short-selling restrictions.

The event is grounded in joint research conducted by MEXC and CoinGecko, which reveals that 74.2% of traditional finance users have migrated some or all of their asset trading to cryptocurrency exchanges. The study identifies limited trading hours (58.8%) and high fees (54.7%) as the primary pain points associated with traditional brokerages. Conversely, 24/7 market access and competitive fee structures are the key drivers prompting users to switch to centralized exchanges. This campaign further extends MEXC’s "Unlimited Opportunities" brand philosophy into the traditional finance sector.

2. Launch the "Opportunity Compass" Global Markets Education Program

On September 8, MEXC officially launched the "Opportunity Compass" global market education program. In collaboration with industry leaders such as xStocks by PAYWARD, Plume, Tether, Pyth, Optimism, CMT Digital, and RootData, this initiative delivers a systematic curriculum tailored specifically for crypto-native users.

Spanning five seasons and 30 episodes, the program provides in-depth coverage of core modules, including global market fundamentals, asset value analysis, macro trend decoding, emerging opportunity exploration, and the development of independent analytical frameworks. MEXC CEO Vugar Usi Zade stated, "As financial markets become increasingly interconnected, users need more than just access channels; they require the ability to understand systematically, evaluate critically, and act decisively." The program aims to bridge the cognitive gap, empowering users to transition from merely discovering opportunities to deeply understanding them.

3. MEXC Convert Adds Four New Trading Pairs

At 10:00 (UTC+0) on September 8, MEXC Convert officially listed four new cryptocurrencies: PONS, MARSCOIN, MEMEROBINHOOD, and BASECAT. MEXC Convert offers three key advantages: zero fees, instant conversion (no order matching required), and fixed exchange rates (lower slippage risk). Users can easily complete trades by logging into the website or app, accessing the Convert page, selecting their target cryptocurrency, and entering the desired quantity.

Disclaimer: This report is for informational purposes only and does not constitute investment advice. Cryptocurrency prices are highly volatile, and geopolitical events or macroeconomic changes may significantly impact the market. Investors should make independent decisions based on their own risk tolerance. Any platform products or trading pairs mentioned herein are presented as objective data and do not constitute a recommendation to buy or sell.

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