On September 15, the World Trade Organization warned that a split in the trade system would lead to significant economic losses. If the global system fragments and multiple free trade areas are formed, global GDP could decline by 6.9%. If the global system divides into geopolitical groups, global GDP is expected to decrease by 5.1%. Conversely, if the trade system is reformed and expanded, global GDP is projected to grow by 2.9%. (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.
WTO: Global GDP Expected to Decline by 5.1% if Global System Splits into Geopolitical Groups
-
Wechat scan to share
Recommended for you
-
AI Stock Sell-off and US Treasury Yields Exceed 5% Lead to Decline in US Markets
On Monday, all three major US stock indices closed lower: the Dow Jones fell by 152 points (0.3%), the S&P 500 dropped by 0.5%, and the Nasdaq decreased by approximately 0.6%; stock index futures remained largely flat on Monday evening. The sell-off of AI-related stocks was a major drag—Anthropic CEO Dario Amodei called for a slowdown in AI development, and OpenAI CEO Sam Altman ruled out the possibility of an IPO this year over the weekend. Nvidia fell by 3%, Corning dropped by 13%, and the iShares AI Innovation and Technology Active ETF (BAI) fell nearly 4%. The yield on the 10-year US Treasury briefly surpassed 5% on Monday, marking the highest level since October 2023. Saudi Arabia closed a key pipeline bypassing the Strait of Hormuz, with Brent crude oil settling above $105 per barrel and WTI closing over $101. Market focus is shifting to the Federal Reserve's decision on Wednesday, with federal funds futures indicating a roughly 92% probability of a 25 basis point rate hike, raising the target rate ceiling to 4.0%. Christopher Hodge, Chief Economist for the US at Natixis, expects this to be the first rate hike of the Waller era, and that the Federal Reserve will emphasize that this decision is isolated and does not commit to future actions in subsequent meetings. The Asia-Pacific markets opened lower on Tuesday, with the Nikkei 225 down 0.25% and the Korean Kospi down 0.43%. -
Becerra's Testimony at 10 PM Tonight: U.S. Bond Market Watches for New Signals
On September 15, U.S. Treasury Secretary Becerra will attend a hearing at 10 PM tonight before the House Financial Services Committee, with the theme "Annual Testimony by the Secretary on the Status of the International Financial System." Given that the yield on the 10-year U.S. Treasury has surpassed 5%, the market will closely monitor whether Becerra provides new signals regarding fiscal policy, bond issuance and repurchase plans, debt management, and the outlook for the dollar and interest rates. If his remarks lean towards controlling deficits and stabilizing the bond market, it may alleviate upward pressure on long-term U.S. Treasury yields. Conversely, if he signals more fiscal expansion or tolerance for high interest rates, there may be a need to be cautious about further increases in U.S. Treasury yields, as well as the interconnected reactions of the dollar, gold, U.S. stocks, and risk assets. -
Russian Foreign Minister to Meet US Secretary of State Rubio at UN General Assembly in New York
Russian Foreign Minister Lavrov: He will meet with US Secretary of State Rubio at the UN General Assembly in New York. -
Whale Goes Long on 900 BTC with 40x Leverage After Closing Short Position
On September 15, according to monitoring by Lookonchain, a whale closed a short position of 760 BTC one hour ago, realizing a profit of $266,000. Subsequently, the whale went long on 900 BTC with 40x leverage, amounting to a value of $69.2 million. The long position currently has an unrealized profit of $173,000. -
Bitcoin's Power Consumption May Have Peaked; December 2025 Could Mark Historical High
On September 15, Saifedean, author of 'Bitcoin Standard,' stated that Bitcoin's power consumption may have peaked, and it may never consume as much electricity as it did in 2024-2025. Even if this is not the case, due to mining economics and the halving mechanism, this dynamic is expected to become a reality at some point in the coming years. He noted that Bitcoin mining once benefited from a structural long-term tailwind: the rate at which block rewards increased in value during each cycle far outpaced the rate at which halving reduced the number of Bitcoins. This tailwind has now disappeared. Although the average price of Bitcoin has increased by 2.56 times, the nominal reward income of the current cycle is only 28% higher than that of the previous cycle; when accounting for dollar depreciation, the increase is nearly zero. Meanwhile, Bitcoin mining difficulty has not reached a new high for 305 days since hitting a record on October 30, 2025, marking the second-longest period without a new difficulty high in Bitcoin's history. The Cambridge Centre for Alternative Finance estimates that Bitcoin's annualized power demand peak may occur in December 2025, at approximately 190 terawatt-hours, dropping to the range of 130 terawatt-hours by mid-2026, while AI is raising the opportunity cost of high-quality mining infrastructure. The fundamentals of Bitcoin suggest it is likely to continue growing, but Bitcoin mining and its power consumption may have already peaked. The article also points out that March 14, 2024, could become the day with the highest reward value in Bitcoin mining history, with a price of $73,800 and a block reward of 6.25 BTC, corresponding to a daily reward of about $65 million. If the price does not reach $147,600 before this halving, it will be the first cycle where the daily mining reward does not exceed the previous cycle's peak. -
BTC Falls Below $77,000
Market data shows that BTC has fallen below $77,000, currently priced at $76,995.07, with a 24-hour decline of 1.26%. The market is experiencing significant volatility, so please ensure proper risk management. -
Ark Invest Sells Off Crypto Stocks Including Circle and Coinbase, Cashing Out Approximately $62 Million in One Day
According to The Block, Ark Invest, led by Cathie Wood, reduced its holdings in several crypto-related stocks on Monday amidst a general rise in the sector. The disclosures revealed that Ark sold 36,628 shares of Coinbase (COIN), amounting to about $7 million based on Monday's closing price of $191.45, with the stock rising 9.24% on that day. Additionally, Ark sold a total of 142,350 shares of Circle (CRCL) through two funds, worth approximately $13.8 million, as Circle's stock increased by 7.53% to $97.42. Furthermore, Ark sold 153,881 shares of Bitmine (BMNR) for about $3.96 million, 18,280 shares of Bullish (BLSH) for approximately $688,000, and 1,528,953 shares of its own ARK 21Shares Bitcoin ETF (ARKB), totaling around $40 million, which was the largest transaction in this round. Ark's adjustments to its crypto holdings are part of routine operations, as its investment rules limit any single holding to no more than 10% of the fund's portfolio. The recent market rally coincides with the reconvening of Congress and increasing expectations for the passage of the Clarity Act this month: Polymarket indicated that the probability of the bill's passage rose to 35% yesterday but fell back to 19% today. The Senate is scheduled to hold a procedural vote on Tuesday at 2:15 PM (Eastern Time), requiring 60 votes. -
-
Russia Willing to Make Reasonable Compromises on Ukraine Issue
On September 15, according to the International News Agency, Russian Foreign Minister Lavrov stated that Russia is willing to make reasonable compromises regarding the Ukraine issue. -
Saudi Arabia Issues Early Warning Alert for Mecca for the First Time
According to a report by Israeli i24News, Saudi Arabia has issued an early warning alert for the holy city of Mecca for the first time. Previously, the Saudi Civil Defense Department announced that it had activated the early warning system in Taif, Mecca, and Jeddah.
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