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Week 4 of September 2026 Reporting Period: September 23 – September 29, 2026 Data Cutoff: September 29, 2026 Core Narrative Burdened by weak macroeconomic indicators and a surge in bond yields, theWeek 4 of September 2026 Reporting Period: September 23 – September 29, 2026 Data Cutoff: September 29, 2026 Core Narrative Burdened by weak macroeconomic indicators and a surge in bond yields, the

Learn/Market Insights/Hot Topic Analysis/PMI Beats Expectations, Sparking Bond Market Rally; BTC Breaks Key Support—Can Counter-Trend ETF Inflows Provide a Floor? | MEXC Alpha Trader Research Weekly

PMI Beats Expectations, Sparking Bond Market Rally; BTC Breaks Key Support—Can Counter-Trend ETF Inflows Provide a Floor? | MEXC Alpha Trader Research Weekly

Author: MEXC

Oct 1, 2026MEXC

20 min

#Weekly Research Report

Week 4 of September 2026

Reporting Period: September 23 – September 29, 2026

Data Cutoff: September 29, 2026

Core Narrative

Burdened by weak macroeconomic indicators and a surge in bond yields, the crypto market retraced some of its recent gains last week. Bitcoin pulled back from an eight-month high, breaching the key on-chain support level of $84,000 on September 23 to hit an intraday low of $83,500. As of September 29, BTC is consolidating within the $83,000–$85,000 range, representing a roughly 4% decline from the previous week's peak.

US PMI Surpasses Expectations, Sparking Bond Market Rally as Real Yields Surge. The S&P Global Composite PMI flash estimate for September, released on September 23, rose from 56.0 in August to 58.4, marking its highest level since July 2021. Both the Services PMI (58.7) and Manufacturing PMI (57.0) significantly outperformed market forecasts. This robust economic data intensified expectations for interest rate hikes, driving the 10-year Treasury yield up by 15 basis points to close at 5.11% that day. Meanwhile, the inflation-adjusted real yield climbed by 13 basis points. In the subsequent days, yields continued their upward trajectory, with the 10-year Treasury yield briefly surpassing 5.2% and the 30-year yield exceeding 5.5%, reaching their highest levels since June 2004.

Leverage Flush Intensifies as $280 Million in Long Positions Are Liquidated. As prices dipped below the $84,000–$85,000 range—a critical cost-basis zone for long-term holders—CoinGlass data indicated that approximately $280 million in long positions were forcibly liquidated. Glassnode highlighted that this range contains the highest concentration of long-term holder holdings and serves as a key support level for the current market. Should this support fail to hold, $77,000, representing the true market mean, is likely to become the next significant reference point for further downside movement.

ETF Inflows Defy Trends, Highlighting Institutional Resilience. Despite a challenging macroeconomic backdrop, spot Bitcoin ETFs absorbed approximately $1.3 billion in capital within five days of the market pullback, effectively reversing two weeks of prior outflows. For the week ending September 25, U.S. spot Bitcoin ETFs recorded net inflows of $2.4 billion—the highest level since October 2025—pushing cumulative 2026 net inflows back into positive territory.

Geopolitical Tensions Escalate as Failed U.S.-Iran Talks Drive Oil Prices Higher. Following President Trump's rejection of Iran's proposal to reopen the Strait of Hormuz, geopolitical risk premiums have remained elevated, with Brent crude futures briefly surpassing $105 per barrel. QCP Capital analysis notes that this geopolitical uncertainty, combined with macro data risks and deleveraging pressures, may collectively weigh on Bitcoin's recent technical strength.

Overview: This week, the market retreated under triple bearish pressures—PMI data exceeding expectations, surging U.S. Treasury yields, and a leverage washout. However, sustained net inflows into ETFs provided crucial price support. Market attention has now shifted to the upcoming August PCE price index and September nonfarm payroll figures.

I. Key Developments in the Crypto Market

1. Institutional Capital: ETFs Recorded $2.4 Billion in Weekly Net Inflows, Improving Cumulative Flow Trends

In the final week of September, Bitcoin spot ETFs continued to demonstrate robust institutional absorption, despite the pullback in coin prices.

Data from Farside Investors and Glassnode reveals that spot Bitcoin ETFs attracted approximately $1.3 billion in inflows within five days of the market pullback, effectively reversing two consecutive weeks of outflows. Daily inflows were recorded as follows: $999 million on September 21, $714.7 million on September 22, $346.9 million on September 23, and $190.7 million on September 24.

For the week ending September 25, U.S. spot Bitcoin ETFs posted net inflows of roughly $2.4 billion—the highest weekly total since October 2025. This surge pushed cumulative net inflows for 2026 back into positive territory, reaching approximately $934.1 million. This marks a significant turnaround from July 13, when year-to-date net outflows had peaked at $5.8 billion.

Institutionally, BlackRock's IBIT led with approximately $1.2 billion in weekly inflows, followed by Fidelity’s FBTC with $701.7 million. Meanwhile, exchange spot trading volume jumped 121% from its August low, signaling a robust recovery in market activity.

2. Price Performance: BTC Retraces from $87,000 to the $83,000–$85,000 Range

From September 23 to 29, Bitcoin's price action followed a distinct pattern: a high-level pullback, support testing at the lows, and subsequent range-bound consolidation.

September 23 (Start of Pullback): Driven by stronger-than-expected S&P Global Composite PMI data and a surge in U.S. Treasury yields, Bitcoin faced significant downward pressure. The asset dipped to an intraday low of $83,500, effectively breaking below the critical on-chain support zone of $84,000–$85,000.

September 24-25: Bitcoin established solid support at the $84,000 level, easing downward pressure. On the capital front, ETFs saw a net inflow of $190.7 million on September 24, led by IBIT's $162.6 million contribution. Buoyed by this momentum, Bitcoin rebounded above $85,224 on September 25, posting a 24-hour gain of approximately 1.96%.

September 26-27: Bitcoin traded in a narrow range around $84,000. On September 26, it briefly dipped to a low of $83,998 before reclaiming the $85,000 mark on September 27, ending with a 24-hour gain of 1.04%.

Market Overview: September 28–29
Bitcoin faced downward pressure, recording a pullback. On September 28, the price declined by 1.22% to $83,428, though it maintained a positive weekly gain of approximately 2.70%. By September 29, Bitcoin consolidated around $83,607, posting a modest 24-hour increase of 0.75%.

Key Movements in Major Cryptocurrencies:
Ethereum encountered repeated resistance at the $2,800 mark before stabilizing above $2,700 on September 28. Solana adjusted from $88.92 on September 22 to roughly $90.59 by September 29, with an interim low of $86.86. Meanwhile, XRP underwent critical technical testing within the $1.50–$1.55 range; its weekly trajectory rose from $1.41 to approximately $1.52, marking a weekly gain of about 7.89%.

Asset	Weekly Change	Price Range
Bitcoin	Approx. -4% to -5%	$83,500 – $85,224
Ethereum	Approx. -2% to -3%	$2,680 – $2,808
Solana	Approx. -3% to -5%	$86 – $91
XRP	Approx. -3% to -6%	$1.41 – $1.66
Total Crypto Market Cap	Approx. -3% to -5%	$2.75 – $3.00 Trillion

Data sources: MEXC, CoinMarketCap, CoinGecko, Investing.com

Technical Outlook: Bitcoin has been consolidating sideways near the $84,000 mark for seven trading sessions, a level that has acted as a key pivot since the breakout on September 21. Immediate resistance lies at $86,000 (the ETF average cost basis), while critical support is found at $80,600 (the 20-day moving average). FxPro analysts warn that a sustained drop below $80,000 would signal fading short-term bullish momentum; conversely, if bulls regain control following this consolidation, BTC could surge past $90,000. The daily RSI stands at 62—elevated but not yet overbought—while the flattening MACD histogram suggests the post-breakout uptrend is pausing rather than reversing.

3. Stablecoins: Total Market Cap Edges Up to $308.6 Billion as USDC Supply Expands

From September 23 to 29, the stablecoin market remained largely stable, with the total market capitalization experiencing a slight rebound.

According to the CoinW Research Institute's weekly report, the total stablecoin market cap reached $308.6 billion as of September 27. This represents an increase of approximately 0.52% from the previous week’s $307 billion, accounting for roughly 10.36% of the total cryptocurrency market capitalization. Additionally, DeFiLlama data indicates that as of September 28, the total stablecoin market cap stood at approximately $306.6 billion, with USDT and USDC holding market caps of about $183.7 billion and $75.4 billion, respectively.

USDT: With a market cap of approximately $183.78 billion, USDT accounts for 59.55% of the total stablecoin market, reflecting a 0.23% week-over-week increase and maintaining its dominant leadership position.

USDC: Supply expansion accelerates as institutional payment networks deepen. Circle has recently intensified USDC minting on the Solana network: 500 million tokens were minted across two contracts on September 23; the USDC Treasury issued an additional 250 million tokens on September 24; and another 250 million tokens were minted by September 29. These moves underscore Circle's strategic commitment to deploying dollar liquidity on Solana. While minting does not directly equate to market buying pressure, it strongly signals the consolidation of USDC's infrastructure role within Solana's settlement ecosystem.

Institutional payment infrastructure continues to expand. On September 28, Coinbase announced an expanded partnership with Citibank, enabling Citi's institutional clients to receive stablecoin payments via Spring by Citi. Coinbase's infrastructure will automatically handle the conversion from stablecoin to fiat. That same day, Volante Technologies partnered with Circle to help financial institutions test USDC issuance and redemption within their existing payment architectures. These developments signal that traditional financial institutions are accelerating the seamless integration of stablecoins into current payment networks, rather than building separate, standalone systems.

Structural Signal: The total stablecoin market cap remains firmly above $300 billion. Continued USDC issuance on Solana, coupled with the expansion of institutional payment networks, confirms the steady development of the stablecoin infrastructure layer. However, on-chain data is still needed to verify how efficiently this issuance scale translates into actual trading and payment activity.

II. Global Asset Performance

1. Equity Markets: Stronger-than-Expected PMI Data Drives Bond Yields Higher; All Three Major U.S. Indices End Week Lower

From September 23 to 29, U.S. equities faced sustained pressure from a confluence of factors, including stronger-than-anticipated PMI data, surging U.S. Treasury yields, and geopolitical tensions. Consequently, all three major indices closed the week in negative territory.

September 23 (Tuesday): The S&P Global September Composite PMI flash reading reached 58.4, marking its highest level since July 2021 and significantly surpassing market forecasts. This robust economic data heightened expectations for further rate hikes, prompting the 10-year U.S. Treasury yield to jump 15 basis points to 5.11% on the day, thereby weighing on U.S. stocks.

September 25 (Friday): Market sentiment improved significantly, buoyed by falling crude oil prices and positive developments from the U.S.-China presidential meeting. Despite rising Treasury yields, all three major stock indices closed higher. The Dow Jones Industrial Average rose 0.93% to 51,828.62; the S&P 500 gained 0.51% to 7,743.41; and the Nasdaq Composite increased 0.48% to 27,068.72. For the week, the Dow added 0.3%, the S&P 500 rose 1.2%, and the Nasdaq climbed 2.0%. The technology sector (XLK) led the weekly gains, surging 3.6%.

September 28 (Monday): U.S. Treasury yields surged again, with the 10-year yield hitting 5.23%—its highest level since 2007—while the 30-year yield rose to 5.623%. Weighed down by a nearly 7% plunge in Boeing shares and a 5% drop in Meta, the market faced pressure and retreated. The Dow fell 0.67% to 51,481.51; the S&P 500 declined 0.77% to 7,683.69; and the Nasdaq dropped 0.92% to 26,820.38. Additionally, the Philadelphia Semiconductor Index slipped 1.61%.

Market Summary – Tuesday, September 29: U.S. July housing price data exceeded expectations, driving the 10-year U.S. Treasury yield to a session high of 5.297% before settling at 5.249%. Consequently, major U.S. equity indices opened significantly lower. Although afternoon trading saw a partial recovery, all three benchmarks closed with slight losses. Specifically, the Dow Jones Industrial Average declined 0.26% to 51,349.92; the S&P 500 dropped 0.17% to 7,670.84; and the Nasdaq Composite eased 0.09% to 26,797.54. In sector performance, Utilities defied the broader trend with a 1.14% gain, while Energy led declines, falling 0.89%.

Index	Weekly Change	Key Drivers	On-Chain Mapping
Nasdaq Composite Index	Approx. -1.5% to -2%	Surging U.S. Treasury yields pressured tech valuations; Friday's AI sector rebound offered partial recovery	QQQON/USDT
S&P 500 Index	Approx. -1% to -1.5%	Market weighed down by triple headwinds: stronger-than-expected PMI data, bond market volatility, and geopolitical tensions	SPYON/USDT
Dow Jones Industrial Average	Approx. -1% to -1.5%	Dragged lower by Boeing's sharp decline, with rate-sensitive sectors remaining under pressure	US30USDT

Sector and Stock Dynamics: On September 29, the utilities sector defied broader market trends, rising 1.14%. As capital flowed into defensive assets, Vistra Energy and Constellation Energy continued to draw investor attention, bolstered by AI-driven electricity demand. Conversely, the energy sector led declines with a 0.89% drop as Brent crude retreated to $102 per barrel. Although Nvidia's historic stock buyback announcement boosted its shares on Monday, this gain was insufficient to counteract the broader market's downward pressure. Meanwhile, Boeing plunged nearly 7% on negative news, and Meta tumbled nearly 5%, serving as the primary drags on the Dow and Nasdaq.

2. Commodities: Geopolitical Risk Premium Fades, Oil Retreats from Highs, and Precious Metals Face Pressure

From September 23 to 29, commodity markets exhibited divergent trends. The rapid dissipation of geopolitical risk premiums drove crude oil prices back from their recent highs. Meanwhile, gold and silver remained under downward pressure, weighed down by surging U.S. Treasury yields and a strengthening dollar.

Crude Oil: Geopolitical Premium Surges Then Retreats as Prices Return to $92 Range. Market sentiment this week oscillated sharply between "geopolitical panic" and "diplomatic optimism." On September 23, fueled by Iran’s hardline stance and escalating Middle East tensions, Brent crude jumped 3.86% to $103.08 per barrel, while WTI rose 1.81% to $92.16. The following day, Houthi attacks on Saudi targets further intensified risk-aversion, pushing Brent to a brief peak of $106.60 and WTI to $94.61.

However, the geopolitical premium quickly dissipated. On September 25, international oil prices retreated significantly, with WTI November futures falling 2.33% to $92.41 and Brent dropping 2.14% to $104.32. By September 28, WTI settled at $92.44, while Brent closed at $97.62—more than 8% below the week's high. This decline was primarily driven by growing market expectations of an imminent agreement between the U.S. and Iran.

Gold: Surging U.S. Treasury Yields Pressure Prices as Gold Retreats to Key Support. This week, gold faced significant downward pressure amid rising U.S. Treasury yields. The 10-year yield surpassed 5.1% and climbed further past 5.2%, substantially increasing the opportunity cost of holding non-yielding assets. London spot gold pulled back from an early-week high of approximately $4,300 per ounce, trading within the $4,280–$4,300 range on September 25. While geopolitical risks offered brief support, gold's safe-haven appeal was temporarily overshadowed by pricing dynamics driven by interest rate expectations.

Silver: Dual Pressures Weigh on Price, Breaking Below $64
Caught between deleveraging in precious metals and weak sentiment in industrial metals, silver is exhibiting significantly higher volatility than gold. On September 24, spot silver opened near $64.40/oz, dipped to an intraday low of $63.96/oz, and closed near $64.40/oz, marking a 1.23% daily decline. By September 25, the price had fallen further to approximately $63.83/oz.

Instrument	Weekly Performance	Key Events	On-chain Mapping
WTI Crude Oil	$92 – $95 per barrel	Geopolitical premiums from armed attacks quickly unwound, sending prices back to ~$92 after a brief spike	OIL(WTI)USDT
Brent Crude Oil	$98 – $107 per barrel	Touched an intraday high of $106.6 before retreating to $97.62	OIL(BRENT)USDT
Gold	$4,280 – $4,350 per ounce	Safe-haven appeal temporarily muted by surging U.S. Treasury yields	GOLD(XAUT)USDT GOLD(PAXG)USDT GOLD(XAUT)USDC GOLD(PAXG)USDC
Silver	63 – 65 USD/oz	Broke below key $64 support, with declines outpacing gold	SILVER(XAG)USDT

3. Bond Market: Weak Auction Demand and Inflation Fears Push 30-Year Yield Toward 5.5%

From September 23 to 29, the U.S. Treasury market faced renewed selling pressure, causing yields to surge across the board. Unlike equities, bond pricing is driven primarily by "inflation expectations and term premiums" rather than corporate earnings outlooks.

Data released on September 23 revealed that the U.S. S&P Global Composite PMI flash estimate for September hit 58.4, its highest level since July 2021. Additionally, the input price index rose to a four-year high, intensifying concerns about an inflation rebound. Consequently, the 10-year U.S. Treasury yield jumped 14.6 basis points to 5.116%, marking its largest single-day increase since April 2025. On the same day, weak demand for the $70 billion 5-year Treasury note auction drove the highest accepted yield to 5.033%, the highest level since 2006, further exacerbating upward pressure on yields.

On September 28, the 10-year Treasury yield climbed another 8 basis points to 5.23%, before stabilizing around 5.24% on the 29th. By month-end, the yield had risen by nearly 46 basis points. Meanwhile, the 30-year yield neared 5.5%, reaching levels unseen since 2004. Swap market data indicates that traders anticipate approximately 100 basis points in Fed rate hikes over the next year, with the probability of an October hike rising to roughly 70%.

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

Instrument	Weekly Change	Key Drivers
2-Year Treasury Yield	4.90% – 4.95% (+10~15 bps)	Heightened rate hike expectations; short-end rates remain highly sensitive to policy trajectory
10-Year Treasury Yield	5.10% – 5.25% (+10~15 bps)	Stronger-than-expected PMI data, elevated oil prices, and weak Treasury auction demand drove yields to their highest levels since 2007
30-Year Treasury Yield	5.40% – 5.50% (+5~10 bps)	Long-end supply pressures combined with inflation expectations kept yields at their highest levels since 2004

Core Logic: This week's bond market pricing was primarily driven by inflation expectations and term premiums. Three key factors jointly pushed yields higher: PMI data that intensified concerns over an inflation rebound, a weak 5-year Treasury auction that highlighted long-end supply pressures, and rising oil prices resulting from the stalemate in US-Iran negotiations. Additionally, hawkish remarks by Fed officials Barr and Williams further solidified market expectations of an October rate hike (with probability around 70%).

III. In-Depth Analysis of Key Themes

Theme 1: U.S. PMI Hits Five-Year High—How Strong Demand Becomes an "Inflation Catalyst"

The preliminary S&P Global Composite PMI, released on September 23, marked a pivotal turning point for global asset pricing this week.

Key Data Highlights:

The Composite PMI rose to 58.4 (up from 56.0), reaching its highest level since July 2021.
Sector Breakdown: Services PMI stood at 58.7, while Manufacturing PMI was recorded at 57.0.
Inflation & Employment: Growth in the input price index hit a new high since October 2022, while employment growth accelerated to its fastest pace in over four years.

Why Did "Good News" Turn Into "Bad News"?

While strong economic expansion data should have boosted corporate earnings, the current policy landscape has instead intensified inflation concerns. The New Orders Index climbed to its highest level since March 2022, confirming robust demand; meanwhile, a sharp rise in input costs indicates that energy price pressures are being widely transmitted to the production stage. Consequently, market expectations of further Federal Reserve tightening have surged, becoming the primary macro driver behind BTC's pullback from its $87,000 peak.

Theme 2: Counter-Trend ETF Inflows — A "Divergence Signal" Between Institutional Capital and Price Action

Despite the recent price pullback, Bitcoin spot ETFs have exhibited robust capital resilience.

Data Highlights: In the five trading days following the correction, ETFs recorded cumulative net inflows of approximately $1.3 billion. For the week ending September 25, weekly net inflows surged to $2.4 billion, marking the highest single-week total since October 2025.

Analysis: The divergence between sustained ETF inflows and short-term price pullbacks suggests that institutions are leveraging the dip for structural positioning rather than executing a trend-based retreat. This phenomenon of "falling prices amid rising capital inflows" underscores the long-term horizon of allocation-driven investors, distinguishing them from short-term speculative traders. Notably, institutional willingness to absorb supply at the $84,000 level serves as a critical indicator for assessing the underlying nature of this correction.

Theme 3: Surging U.S. Treasury Yields — Dual-Track Pricing of Short-End "Rate Hike Bets" and Long-End "Recession Fears"

Following the release of PMI data on September 23, the 10-year U.S. Treasury yield surged from 5.058% to 5.116%, a single-day jump of 14.6 basis points—the largest daily gain since April 2025. The upward momentum persisted, with yields reaching 5.27% by September 28, marking their highest level since 2007.

The yield curve is nearing inversion: The spread between the 10-year and 2-year U.S. Treasury yields has narrowed to just 17.9 basis points, hovering on the brink of inversion. This dynamic is driven by two opposing forces: "rate hike trading" at the short end and "recession trading" at the long end. As the instrument most sensitive to policy rates, the 2-year yield has surged alongside rising rate hike expectations. Conversely, long-end yields have seen limited gains, as markets anticipate that tighter monetary policy will ultimately suppress aggregate demand.

Impact on crypto assets: The flattening yield curve signals that the market is pricing in the risk of "excessive rate hikes." For zero-coupon risk assets, rising real interest rates directly increase holding costs. However, should the curve invert further and heighten recession fears, expectations of a Federal Reserve policy pivot could provide long-term support for risk assets. In the short term, BTC price action remains constrained primarily by October rate hike expectations, which currently carry a probability of approximately 64%.

4. Market Hotspot Word Cloud

Rank	Keyword	Core Driver	On-chain Mapping
1	PMI Hits 5-Year High; Treasury Yields Surge Past 5.1%	Composite PMI reaches 58.4, the highest level since 2021; the 10-year Treasury yield jumps 14.6 basis points in a single day to 5.116%.	BTC/USDT, TLTON/USDT
2	BTC Retraces from $87K Peak to $83K–$85K Range	Price dips below the $84K–$85K dense cost zone of long-term holders, marking a ~4% decline from last week's high.	BTC/USDT
3	ETFs See $2.4B Weekly Net Inflow, Attracting Capital for 7 Consecutive Days	Records the largest single-week inflow since October 2025; cumulative 2026 capital flows turn positive, reaching approximately $926 million.	BTC/USDT
4	30-Year Treasury Yield Approaches 5.5%	Holds at levels not seen since 2004; weak demand in the 5-year Treasury auction intensifies pressure on long-end rates.	TLTON/USDT
5	US-Iran Talks Collapse; Crude Oil Holds Above $90	Stalemate persists in the Strait of Hormuz; Brent crude briefly spikes above $105 intraday.	OIL(BRENT)USDT
6	Fed Officials Display Divergent Stances	Barr hints that "further adjustments may be needed," while Williams argues there is "no need to rush." The market prices in a ~64% probability of an October rate hike.	TLTON/USDT

5. Key Focus Points for the Coming Week

Economic Calendar (September 30 – October 6)

Date	Key Events/Indicators	Market Impact Analysis	Related Tokenized Assets
September 30 (Wednesday)	U.S. August Core PCE Price Index	As the Fed's preferred inflation gauge, Core PCE is projected to rise by +0.3% MoM and +3.3% YoY, with headline PCE at +3.7% YoY. A reading above expectations would bolster the case for an October rate hike.	BTC/USDT, TLTON/USDT
October 1 (Thursday)	U.S. September ISM Manufacturing PMI	Following a previous reading of 54.6 and a rise in the S&P Global Manufacturing PMI flash estimate to 57.0, stronger ISM data would further validate economic resilience.	BTC/USDT
October 3 (Friday)	U.S. September Nonfarm Payrolls Report	After adding 162,000 jobs in August (3-month avg: 71,300), the market anticipates ~100,000 new jobs for September. Robust figures would reinforce the Fed's hawkish stance.	BTC/USDT, TLTON/USDT
Ongoing Monitoring	Bitcoin ETF Fund Flows	Net inflows have persisted for seven consecutive days, totaling ~$2.98 billion. The key focus remains on the sustainability of this trend.	BTC/USDT
Continuous Tracking	BTC $84,000 Resistance Level	This level has transitioned from support to resistance. A decisive breakout could target the next hurdle at $90,000.	BTC/USDT
Continuous Tracking	U.S.-Iran Tensions in the Strait of Hormuz	Geopolitical risks are driving oil price volatility, which directly influences inflation expectations.	OIL(WTI)USDT, OIL(BRENT)USDT

Data Preview: This week, markets face a dual test of employment and inflation data. The upcoming release of the August Core PCE Price Index and the September Non-Farm Payrolls report will serve as key determinants for the Federal Reserve's October interest rate decision. Additionally, the Fed's September meeting minutes are due on October 7, with the October FOMC rate decision scheduled for October 27–28. Currently, market pricing implies approximately a 64% probability of an October rate hike; this likelihood is expected to rise if either the PCE or non-farm data exceeds expectations.

VI. Platform Updates

On September 24, MEXC announced its return to TOKEN2049 Singapore as a Platinum Sponsor. At the MEXC booth (PB1-36), attendees are invited to engage in the "AI Trading Challenge," where they can express trading intents via natural language. Powered by an AI Agent integrated with the MEXC CLI, these intents are seamlessly converted into executable trades, bridging the gap between analysis and action with unprecedented efficiency. The booth also features interactive experiences such as the "AI Bond Test" and "The NEXT Newspaper." Additionally, a roundtable discussion will take place on the MEXC Stage, featuring CEO Vugar Usi Zade, who will explore how trading platforms evolve in tandem with shifting user behaviors and market dynamics.

2. MEXC Adjustment to the Funding Rate Settlement Frequency for the XDP/USDT Perpetual Futures

Effective from 16:10 on September 28 (UTC+0), MEXC will adjust the funding rate settlement frequency for the XDP/USDT Futures to every 2 hours. Users are advised to closely monitor funding rate fluctuations and prudently manage their positions and margin levels to mitigate potential risks.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Cryptocurrency prices are highly volatile, and market conditions may be significantly influenced by geopolitical events and macroeconomic factors. 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 imply a recommendation to buy or sell.