coverage endedSep 2, 2026, 9:00 PMThe ADP reported private-sector job growth of just 38,000, missing forecasts and marking the weakest level since January.Dutch central bank moves gold from New York to London“In view of increasing geopolitical unrest, DNB is strengthening its crisis preparedness,” said De Nederlandsche Bank, announcing the transfer of about 86 tons of gold from the U.S. and Canada to London. “Improving the liquidity and tradability of the Dutch gold reserves is part of these preparations.”“Keeping a larger share of the gold reserves in London strengthens the function of gold as an anchor of trust,” the DNB continued. “Gold is seen as the ultimate reserve asset because it is ideally suited to hedge extreme systemic risks.”Prior to the move, the bank held about 51% of its 612.4 tons of gold in the U.S. and Canada. That’s dropped to 37%.Fed's Beige Book notes tiny ease in price pressure“Prices increased moderately in eight Districts, with two Districts reporting modest increases, one slight increases, and one robust increases,” according to the Federal Reserve’s just-released Beige Book for August.Compared to the prevous period, the report continued, the pace of price increases was the same in eight Districts, but deceased in three, and increased in just one.“A few Districts noted that heightened price sensitivity among customers was putting a limit on their ability to pass through input price increases.”The news isn’t likely to change the calculus on the strong odds for a rate hike at the Fed’s upcoming policy meeting. The central bank and financial markets await this Friday’s employment report and next Friday’s inflation report to either seal the deal on a rate hike, or keep policy on hold.U.S. jobs report could keep markets rangebound until FridayThe biggest macro event of the week is Friday’s U.S. jobs report, which could keep markets rangebound until its release. Nonfarm payrolls are expected to rise by 58,000 after falling by 23,000 in July, while the unemployment rate is forecast to remain at 4.1%, close to its lowest level in several years.According to the CME FedWatch Tool, the market is pricing in a 64% chance of a 25bps rate hike at the September meeting. Bitcoin accumulation softens as price retreats to $77,000Accumulation Trend Score by Cohort (Glassnode)Bitcoin accumulation has softened over the past few days as the price has retreated from around $81,000 to $77,000.Glassnode’s Accumulation Trend Score by cohort shows an aggregate reading of 0.64 across all investor groups, from those holding less than 1 BTC to whales with more than 10,000 BTC. This indicates that every cohort remains a net accumulator, although the pace has slowed following three months of exceptionally strong buying over the summer, mainly coming from retail when investors saw significant value at around $60,000.Bank of Canada stays on hold, as expectedThe first of the Western central banks to meet on policy this month, the Bank of Canada held its benchmark lending rate at 2.25%, as universally expected by markets.The ECB meets next week and is expected to lift rates by 25 basis points.The Federal Reserve meets the following week, and — following Chair Kevin Warsh’s hawkish turn last week at Jackson Hole — is now also expected to raise rates by 25 basis points.Japan's yen suddenly surges, suggesting interventionDollar/yen has tumbled (i.e., yen surged) about 100 pips in the past few minutes to 158.90.The size and quickness of the move suggest official intervention (selling dollars, buying yen) by Japanese authorities.The action comes as the G20 finance minister meetings wrap up in North Carolina, where U.S. Treasury Secretary Scott Bessent called on the Bank of Japan to consider hiking rates to help defend the yen.Speaking of jobs, Uber slashing 10% of global workforceUber is cutting 3,300 positions, or roughly 10% of its global workforce.“Over the last 5+ years, Uber has grown by orders of magnitude, with our top line nearly tripling,” said CEO Dara Khosrowshahi, in a letter announcing the job cuts. “The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future.”UBER shares are higher by 1.9% pre-market, but remain nearly 20% lower on a year-over-year basis.Fed's Williams sounding somewhat dovishIt’s not much, but weary bond bulls will take what they can get, and Federal Reserve Bank of New York President John Williams was leaning just the smallest bit dovish in comments he made on CNBC minutes ago.The recent data have been encouraging on inflation, said Williams, and he’s seeing a trend toward even better numbers.Williams has leaned dovish in recent months, so his comments aren’t too surprising, but they at least suggest he hasn’t turned hawkish just yet. He did, though, speak of the need to see more data prior to the Fed’s mid-September meeting. The August CPI report is released on Sept. 11, five days before the next rate decision.ADP jobs points to continued summer employment slowdown, rising just 38,000 in AugustThe ADP Employment Change for August showed a gain of 38,000 private sector jobs. That’s down from 46,000 in July, and shy of economist forecasts for 47,000.It’s the weakest ADP jobs print since January.The report comes two days prior to the government’s far more influential Nonfarm Payrolls report for August.The 10-year U.S. Treasury yield continues to ease from its overnight high of 4.82%, now lower by 2.2 basis points to 4.774%.U.S. stock index futures have reversed earlier losses, now close to flat for the session. Bitcoin is off its worst levels, but still down 1.5% over the past 24 hours at $76,800.Remixpoint sells all altcoins to focus on bitcoin-centric strategyJapan’s second-largest digital asset treasury company, Remixpoint, sold all of its altcoin holdings on Sept. 1, according to Wu Blockchain. The sales included 901 ETH, 13,920 SOL, 1.19 million XRP and 2.8 million DOGE.The transactions generated approximately $5.49 million (879 million yen) in proceeds and a profit of around $737,500 (118 million yen).Remixpoint did not sell any bitcoin and continues to hold 1,506 BTC. The company said it plans to focus on a bitcoin-centric portfolio and operations going forward.Debasement-trade assets bitcoin and gold fell again on WednesdayDebasement-trade assets bitcoin and gold fell again on Wednesday. Bitcoin dropped below $77,000, down more than 1% over the past 24 hours, while gold retreated to $4,300 an ounce.The declines come as global bond yields continue to surge, with the U.S. 10-year Treasury yield rising to more than 4.81%, up 0.38% over the past 24 hours. Meanwhile, the DXY has strengthened to 99.85, placing further pressure on risk assets.Brent crude oil is slightly lower over the past 24 hours, hovering just above $90 a barrel.Markets now price in a 58% chance of a Fed rate hike this monthTraders are now assigning a 68% probability of the Federal Reserve raising its benchmark interest rate by 25 basis points later this month, according to data tracked by CME’s FedWatch tool.As of today, the benchmark borrowing cost stands in the 3.5% to 3.75% range.Heightened expectations following a hawkish speech by Fed Chair Kevin Warsh last week pose a headwind to stocks and other assets like gold and bitcoin that lack an inherent yield.FIL, UNI and SKY outperform the broader crypto marketSmaller coins have outperformed the broader crypto market, including leader bitcoin (BTC). In the past 24 hours, Filecoin’s FIL has gained by 14%, becoming the best performer among top 100 tokens by market value. Uniswap’s UNI and Sky Protocol’s SKY have each gained over 6%. Bitcoin, meanwhile, has dropped by 2% to $76,780.Figures completes acquisition of estate lender KiaviFigure Technology Solutions (FIGR), the blockchain firm headed by former SoFi CEO Mike Cagney, completed its acquisition of real estate lender Kiavi as part of a transaction valued at $717 million.The price covered a broader transaction with investment firm Sixth Street. Figure paid about $590 million in cash, according to a filing dated Sept. 1, while a Sixth Street-controlled joint venture acquired Kiavi’s residential-transition-loan assets.Figure funded most of its payment using proceeds from $600 million of 8.5% senior notes due in 2031. Its shares dropped 8.15% yesterday and rose 0.5% in premarket trading on Wednesday to $33.9.IBIT accounts for most of a $236 million bitcoin ETF outflowU.S. spot bitcoin ETFs shed about $236 million on Monday, with BlackRock's IBIT responsible for roughly $201 million of it and Fidelity's FBTC for another $44 million, according to SoSoValue. Bitwise's BITB was the only fund on the other side, taking about $8 million, while the remaining nine posted nothing at all.The rest of the complex stayed green. Ether ETFs added roughly $11 million for a 12th straight day, XRP funds took $14 million, solana $10 million and hyperliquid nearly $2 million.Bitcoin traded just above $77,000 as of Asian morning hours Wednesday, down about 2% on the week, per CoinDesk data. Solana and zcash led the 24-hour decliners at roughly 3% each, with XRP, tron and dogecoin down about 2%. Bitcoin, ether, BNB and hyperliquid all sat within 2% of flat. Watch whether IBIT prints another red day, since one fund moving that much of the total indicatives the streak narrative rests on a single desk's rebalancing.12345678910