On May 28, Chicago Fed President Goolsbee stated on Thursday that the duration of energy inflation related to the Iran war has exceeded expectations, posing a 'stagflation impact' on Asian economies. Speaking at a conference hosted by the Bank of Japan's Financial Research Institute, Goolsbee noted that initial forecasts in the futures market had expected energy prices to be 'well below' current levels. Although there have been recent signs of progress in U.S.-Iran peace negotiations leading to a slight decrease in oil prices, they remain significantly higher than pre-war levels. Goolsbee also warned about the impact on Asian economies, stating that due to their reliance on energy imports, this shock is 'more akin to a traditional stagflation impact.' (Jin Shi)
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Fed's Goolsbee: Iran War Causes Persistent Energy Inflation, Asia Faces Stagflation Impact
-
Wechat scan to share
Recommended for you
-
Binance Acquires $100 Million in Circle Shares at a Discount
On September 22, Circle (CRCL) filed an 8-K document indicating that its subsidiary entered into a new five-year cooperation agreement with Binance on September 17 to expand the promotion of USDC, replacing previous agreements signed in November 2024 and August 2025. Circle will pay Binance monthly incentive fees based on the amount of USDC held through its modular smart contract wallet infrastructure services. On the same day, Binance subscribed to 1,237,011 shares of Class A common stock of Circle at a discounted price of $80.84 per share, totaling $100 million, with the transaction completed. The related shares are generally subject to a two-year transfer restriction, but there are provisions for early termination and other exceptions. -
BTC Surpasses $86,000
Market data shows that BTC has surpassed $86,000, currently priced at $86,009.97, with a 24-hour increase of 2.57%. The market is experiencing significant volatility, so please ensure proper risk management. -
Spot Gold Falls Below $4,300
On September 22, spot gold fell below $4,300 per ounce, with a daily decline of 1.00%. New York futures gold also dropped over 1.00% during the day, currently reported at $4,340.00 per ounce. -
Bitcoin Leads Cryptocurrency Market Value Back Above $3 Trillion
On September 22, following a remarkable rebound in Bitcoin, the market value of digital assets returned to over $3 trillion for the first time since January. However, traders have flocked to leverage trading in perpetual futures, increasing the risk of rapid price fluctuations. According to CoinGecko data, the cryptocurrency market value has increased by over $740 billion since the U.S. Treasury announced last month that it would increase the repurchase of long-term bonds. Leverage bets have also surged. Coinglass data shows that the open interest in various token perpetual futures has risen to nearly $160 billion, the highest level since late October of last year. -
-
-
First Tokenized Stock Trading Venues May Emerge Next Quarter
On September 22, Taylor Lindman, Chief Legal Counsel of the SEC's Crypto Special Working Group, stated in an interview that under the SEC's five-year "Innovation Exemption" framework, the first compliant tokenized stock trading venues could gradually take shape as early as next quarter. This exemption has officially come into effect, allowing qualified platforms to conduct tokenized trading of U.S. stocks on public blockchains through licensed automated market makers (AMMs) and liquidity pools. Institutions planning to enter this space are required to issue operational notices and report to the SEC within one business day after publication. These public notices will also serve as important signals for the market to assess which companies are entering this sector. Lindman anticipates that there will be some delay in companies submitting relevant notices, likely falling within the next quarter. SEC Commissioner Hester Peirce and Lindman both emphasized that this model "leans more towards on-chain finance rather than true DeFi," as each trading platform has a clear operating entity responsible for compliance, rather than being completely decentralized peer-to-peer finance. -
BTC Surpasses $87,000
Market data shows that BTC has surpassed $87,000, currently priced at $87,005.02, with a 24-hour increase of 7.23%. The market is highly volatile, so please ensure proper risk management. -
ETH Surpasses $2800
Market data shows that ETH has surpassed $2800, currently priced at $2801.5, with a 24-hour increase of 6.44%. The market is highly volatile, so please ensure proper risk management. -
Fed's Musalem: Further Rate Hikes May Be Needed to Curb Inflation
On September 22, Fed's Musalem stated on Monday that due to strong demand and commodity price shocks extending beyond the oil sector, the Federal Reserve may need to further raise interest rates to reduce inflation. He emphasized that the Fed should act sooner rather than wait. Musalem remarked, "Persistent demand and recurring supply pressures are still exacerbating inflation risks. I believe that without further policy measures to curb inflation, in 18 months, inflation is likely to be significantly above our 2% target rather than reaching it. I think policies must impose meaningful constraints on inflation so that the Fed can achieve its inflation target in about a year and a half, allowing time for the tightening policies to impact the economy." He also stated, "Compared to later, larger, and potentially more abrupt policy measures, earlier and gradual policy tightening is more appropriate and causes less shock to the economy." Musalem pointed out that inflation "is not a risk; it already exists," and even excluding the effects of oil and other supply-related factors, the underlying inflation rate could still be several percentage points above the Fed's target and is "heading in the wrong direction."
Daily Must-Read
-
KeyFlow: Connecting UniKey, AI Agents, and the KEY Value System, Turning Intelligent Services from “Being Called” into “Sustainable Flow”
-
The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
-
The Invisible Bill: Unpacking the Token Amplification Effect
-
ENI Takes the Stage at WebX Japan and Builds a Bridge from Traditional Capital to the Future Economy
-
GWDC 2026 KOREA: The New Asian Paradigm of Web3 & AI Sets to Debut in Seoul on Sept 29-30, Inviting Global Builders to the Ultimate Developer Summit
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
All Comments