Michael Hartnett, an analyst at Bank of America, suggests that if Trump's victory triggers a rebound in the stock market, investors should consider selling US stocks. This echoes Citigroup's view earlier this week. If Trump wins and gains a Republican majority in both the Senate and the House of Representatives, it may lead to tax cuts and immigration control. This will drive up inflation and interest rates, putting stocks at risk. The views of the two largest banks on Wall Street conflict with the widely held view that a Trump victory will boost the US stock market, as Trump's proposal to lower corporate taxes will benefit corporate profits. Hartnett calls this view a "reverse challenge" and also suggests buying on dips after a Harris victory, as this will maintain the current trend of tech stocks continuing to rise. Tech stocks have been the main driving force behind the surge in the US stock market this year.
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Bank of America: Sell stocks if Trump wins, triggers stock market rally
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Iranian Foreign Minister: Opening of Strait of Hormuz Depends on Iran's Conditions Being Met
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On September 27, US officials announced on Saturday that the Department of Transportation will finalize regulations to significantly lower fuel economy standards for cars on Monday, applicable until 2031. This means the US will reverse the policies promoted during the Biden administration that encouraged automakers to produce more electric vehicles. Former President Trump stated that he has approved new fuel economy standards for cars and trucks, claiming that the new regulations will reduce the prices of new vehicles. US Transportation Secretary Duffy remarked, 'American auto workers will celebrate a major victory on Monday.' According to estimates from the Department of Transportation, the new standards will lower the cost of new cars, but fuel consumption and carbon dioxide emissions will increase over the coming decades. -
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Riot Repays Coinbase Loan Early and Terminates $200 Million Bitcoin Collateral Credit Line
On September 26, according to U.S. SEC filings, Bitcoin mining company Riot Platforms (NASDAQ: RIOT) voluntarily repaid all outstanding loans to Coinbase Credit on September 21 and terminated its $200 million credit line, while also releasing the lender's claim on the collateralized Bitcoin. Riot paid the full principal and accrued interest, incurring no early termination fees or penalties, and Coinbase's subsequent lending commitments were also terminated. The credit line, revised in April 2026, carried a fixed annual interest rate of 6.15% with a maturity date extended to April 20, 2027, and Riot had previously fully drawn the amount. At this rate, the annual interest on the $200 million balance is approximately $12.3 million. As of June 30, Riot had pledged 5,821 Bitcoins as collateral, valued at about $340.7 million, which accounted for approximately 51% of its total holdings of 11,380 Bitcoins at that time; the collateral also included USDC and cash held in Coinbase Custody Trust. This credit line was initially established in April 2025 for $100 million with a variable interest rate; it was doubled to $200 million the following month with a one-time fee of $1 million. Since the window for early termination fees specified in the agreement closed on August 21, no fees were required for the repayment in September. Riot is simultaneously expanding its data center operations, having announced in August a 20-year lease agreement with an unnamed AI developer for 191 megawatts of computing power at its Rockdale facility, which is expected to generate approximately $9.1 billion in initial revenue. -
Trump: 'Super Intelligence' is a More Fitting Term than 'Artificial Intelligence'
On September 26, U.S. President Trump stated: 'Super Intelligence' is a more fitting name. This name is more accurate because the term 'Artificial' often implies 'false' or 'not real'; however, it (Artificial Intelligence) is not a false entity, but rather an extremely powerful form of intelligence. -
US and China Reach Agreement to Cut Tariffs on $30 Billion in Goods
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BTC Surpasses $84,000
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Trump Rejects Iran's Proposal to Reopen the Strait of Hormuz
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Analysis: Global Debt Continues to Rise, Bitcoin Benefits from Declining Fiat Currency Purchasing Power
On September 26, Forbes reported that Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the 'currency devaluation trade' surrounding the decline in fiat currency purchasing power has become one of the factors driving up assets like Bitcoin and gold. According to the Institute of International Finance (IIF), global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare expenditures, and only falling behind Social Security spending. The IIF warns that as benchmark interest rates rise, interest costs will also increase. Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for 'currency devaluation assets' like Bitcoin and gold, which is partly why Bitcoin has seen recent gains. The larger the debt scale of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades. Analysts from The Kobeissi Letter noted that the purchasing power of the dollar has declined by 23% since 2020, and U.S. inflation has been above the Federal Reserve's 2% target for 60 consecutive months.
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