Bessent’s Two-Way Pressure and Pre-CPI Jitters – Yen Strength and Rising Treasury Yields Squeeze US Equities【MEXC Alpha Trader – Daily Market Brief (September 11, 2026)】

I. Macro & Market Sentiment

• Market Data: BTC $76,922 (-1.47%) | ETH $2,452 (-0.46%) | SOL $99.37 (-1.67%)
• Market Sentiment: Funding Rate +0.0062% | Fear & Greed Index 56 (Greed)
• Currency & FX: US Treasury Secretary Bessent's warning against shorting the yen drove a 4%+ weekly surge in the Japanese currency, while the US Treasury raised its buyback cap to $6 billion; yet 10-year Treasury yields climbed to 4.85%, creating a dual squeeze from carry trade unwinding and valuation compression that pressured US equities on September 9 (Dow -0.8%, S&P 500 -0.5%, Nasdaq -0.6%). Market focus now shifts to Friday's August CPI release (core CPI month-over-month expected at 0.2% or 0.3%), with rate hike probability rising from 35% to 60%. Extended Reading
• Japanese Asset Allocation: Goldman Sachs notes that if Japan's Government Pension Investment Fund (GPIF) shifts a portion of its overseas holdings toward domestic fixed income, a 5-percentage-point reallocation from its roughly $2 trillion in assets under management would translate to approximately $100 billion in USD/JPY selling (equivalent to about half of Japan's annual current account surplus). The Korean won shows the highest sensitivity to yen movements (beta 0.45), suggesting structural yen appreciation could ripple across Asian FX markets. Extended Reading

II. Trading Signals / Hot Topics

• [US Stocks Focus] AI Capex | BCA Research estimates IT investment contributed 0.8 percentage points to US real GDP growth in Q1 2026, marking a century-high contribution, with the current AI capital expenditure cycle potentially extending three to five years. Interpretation: While AI infrastructure demand validation remains in early stages, BCA flags "mega IPOs" as a high-water-mark warning (historical data shows S&P 500 averaged ~24% peak-to-trough drawdowns within two years following major IPOs), warranting caution around liquidity diversion from IPO supply. Extended Reading: 1
• [Today's Focus] BTC | Institutional sentiment weakened as ETFs recorded $120 million in net outflows, with IBIT, ARKB, and GBTC shedding $19.5 million, $78 million, and $27.2 million respectively; ETH ETFs saw $34.7 million in net inflows (ETHA and ETHB adding $9.7 million and $22.9 million). Interpretation: BTC ETF outflows signal rising wait-and-see sentiment among traditional channel investors; however, Friday's CPI and Fed policy expectations will be critical in determining whether this structural fund rotation persists. Extended Reading: 1
• [Unusual Move] Arc Chain Relay Rally | As Robinhood Chain cools temporarily, market speculation pivots to Arc Chain (Circle's institutional-grade open blockchain network launching September 16), with NFT marketplace Opensea and meme coin platform fomo announcing day-one support and Circle co-founder Jeremy Allaire responding positively. Interpretation: Arc's launch may trigger liquidity migration from Robinhood Chain to the new ecosystem, with Allaire's endorsement signaling support for crypto-native communities; however, volatility and sustainability risks in on-chain speculation warrant caution. Extended Reading: 1

III. Regulation & Major Events

• United States | Treasury Secretary Bessent renewed calls for passage of the Crypto Market Structure Act (CLARITY Act), warning that failure to do so would signal to allies and adversaries that the US is unwilling to lead in digital assets. Extended Reading
• United States | Payments company Block filed an application with the Office of the Comptroller of the Currency (OCC) to establish Builders Bank & Trust, an uninsured national trust bank offering Bitcoin and stablecoin custody services, joining a wave of fintech firms seeking federal banking charters following Revolut's conditional OCC approval. Extended Reading
• European Union | The European Commission adopted a delegated act extending the Central Contact Point (CCP) framework from electronic money institutions and payment institutions to crypto-asset service providers (CASPs), enabling member state regulators to require locally operating crypto platforms to designate local contact persons. Extended Reading
• Hardware wallet maker Trezor disclosed a breach at a third-party email service provider, with phishing emails now circulating; this follows an August 13 data leak at fulfillment partner ShipMonk that exposed personal data of 13,689 customers (including full names, phone numbers, emails, and shipping addresses for 11,742 individuals). Extended Reading

IV. Platform Exclusive Benefits

· Loss Subsidy Campaign (Phase 3) (Futures)
· August Futures Team Competition (Futures)
· Alpha Trader September Welcome Campaign (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: Senate Republicans release updated CLARITY Act text

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