The US posted a $345B deficit in August, the 2nd-worst August on record. image
China is moving to ease gold import and export rules, expanding multi-use permits and ports as it ramps up efforts to diversify reserves away from the US dollar. image
#Bitcoin and crypto firm CoinShares is going public on the Nasdaq.
Serious credit card delinquencies have surged to their highest level in 14 years, with unpaid balances 90+ days past due climbing sharply, per Bloomberg. image
Gemini, the US-based #Bitcoin and crypto exchange, is now officially listed on Nasdaq. image
A new Fed report highlights how countries use reserve revaluations, fueling speculation that gold could be revalued as a tool to address America’s growing debt crisis. image
Amid Nepal’s unrest and social media blackouts, Jack Dorsey’s open-source app Bitchat surged with 48k downloads in a single day as citizens sought uncensored communication. image
Consumer prices rose 2.9% in August as jobless claims spiked, contradicting Trump’s claims that “everything is coming down.” image
Markets are pricing in a 25 bps Fed cut next week. image
Harvard economist Matthew Ferranti publishes peer-reviewed study showing central banks can hedge sanctions risk by adding #Bitcoin to reserves alongside gold. image