Stocks to Watch Recap: Intel, Amgen, Qualcomm, Rigetti -- WSJ

By WSJ Staff Amgen (AMGN): Shares of the biotechnology company, a major contributor to the Dow, shed 10%, its sharpest drop in 25 years. The move came after the Swiss drugmaker Novartis (CH:NOVN)

WSJ04:44

Short covering pushed up BTC, leaving room for further rebound.

Two Prime CEO Bloom pointed out that losses in institutional volatility trading forced liquidations, providing momentum for Bitcoin's rebound. Despite macroeconomic data volatility, ETF inflows and strategic shifts by mining companies supported the market, with $60,000 regarded as a key support level.

Zhitong FinanceSep 8 21:51

Stocks to Watch: Amgen, Nike, Bloom Energy -- WSJ

By WSJ Staff Amgen (AMGN): Shares of the biotechnology company, a major contributor to the Dow, shed more than 5% premarket after the Swiss drugmaker Novartis (CH:NOVN) said an experimental medicine

WSJSep 8 17:07

Stablecoins cannot bypass banks: the true bottleneck to scaling is regulated banking infrastructure.

The true bottleneck to scaling the industry is not on-chain technology, but rather regulated bank connectivity, local clearing channels, and foreign exchange infrastructure.

Shenchao TechFlowSep 8 17:04

Express News | Bitcoin faces CPI and PPI tests this week, as market bets on a September Fed rate hike rise to 58.4%

Bitcoin faces several key macroeconomic events this week. The U.S. August PPI and CPI data will be released on Thursday and Friday, respectively, while the Federal Reserve will announce its interest rate decision on September 16. According to CME FedWatch data, the market currently assigns a 58.4% probability to the Fed raising rates by 25 basis points to the 3.75%-4% range. Meanwhile, Japan’s record-breaking currency intervention and its potential sale of U.S. Treasuries have also become focal points for the market. Japan’s foreign exchange reserves have decreased by approximately $79.57 billion since the end of July, leading markets to believe that Japan may be selling U.S. Treasuries to fund its yen interventions. Polymarket data indicates that the probability of the Bank of Japan raising rates by 25 basis points in September has reached 98%. Changes in the yen and carry trades could further impact global liquidity and the crypto market. Regarding on-chain data, CryptoQuant notes that the recent rise in BTC was primarily driven by the futures market, without concurrent confirmation from spot demand. Open interest in derivatives increased by approximately $2.3 billion in a single day to $27.53 billion, while spot demand remains negative, casting doubt on the sustainability of the current rally. Technically, BTC achieved its first weekly close above $80,000 in several months this week, although significant selling pressure persists near the $80,000 level. Meanwhile, the BTC weekly Supertrend indicator has turned into a "buy" signal for the first time since November 2025, a similar signal having appeared in early 2023 after the bear market bottomed out.

BreakingsSep 8 16:39

The True Fundamentals of Stablecoins: Not Speculative Assets, but the Optimal Solution to Break Down Barriers to Dollar Access

Understand the true value of stablecoins.

Jinse FinanceSep 8 16:26