According to BlockBeats, on September 12th, Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," wrote that investors have largely accepted that the Fed will raise interest rates for the first time in three years next week. The more difficult question is what will happen afterward. Since almost no one within the Fed believes that a single 25-basis-point rate hike is sufficient to curb inflation, a rate hike next week would reflect a previous misjudgment that interest rates were at an incorrect level, and a single rate hike cannot solve the problem.

Since the 1990s, the Federal Reserve has only raised interest rates once in a "one-off" fashion. Warsh stated in July that he didn't believe the Fed was adept at "fine-tuning," and analysts say a chairman skeptical of fine-tuning is unlikely to declare his job done after a 25-basis-point rate hike. Last month, Warsh stated that there wasn't much evidence that lending conditions were restricting economic activity. If this is the reason for raising rates, the market will naturally question how high rates need to go.

Without explanation, the market might interpret a single rate hike as the start of a larger-scale operation. Therefore, investors this week are no longer viewing the September meeting as a single event. The market now expects at least three rate hikes by June next year, up from the previous expectation of two.

According to BlockBeats, on September 12th, Hunter Biden, son of former US President Joe Biden, posted that Eric Trump and digital artist Beeple had both publicly mentioned their LAPTOP token. As part of $LAPTOP's unique prediction mechanism, 1% of the total token supply has been burned, worth approximately $3.6 million at current prices.

The mechanism, as previously announced, was designed to link some tokens to the outcomes of real-world events, deciding whether to burn them or use them for charity based on the prediction results. LAPTOP previously experienced significant volatility after its launch, with the price surging initially before quickly falling back.

As of the time of writing, LAPTOP was trading at $0.4142, down 16.99% in the last 24 hours, with its market capitalization falling to $149 million.

According to BlockBeats, on September 12, U.S. stocks closed on Friday with the Dow Jones Industrial Average up 0.98%, the S&P 500 up 0.86%, and the Nasdaq Composite up 0.96%.

Qualcomm (QCOM.O) rose 2.88%, Intel (INTC.O) rose 2.61%, SpaceX (SPCX.O) rose 2.04%, and Amazon (AMZN.O) rose 1.94%.

SanDisk (SNDK.O) fell 3.5%, Oracle (ORCL.N) fell 1.82%, Micron Technology (MU.O) fell 0.22%, Western Digital (WDC.O) fell 2.98%, and Seagate Technology (STX.O) fell 3.73%.

In the cryptocurrency sector, MSTR rose 1.87%, CRCL rose 0.31%, COIN rose 1.73%, BMNR rose 3.43%, SBET rose 5.43%, and PURR rose 5.45%.