According to BlockBeats, on September 12, Liz Miller, founder and president of Summit Place Financial Advisors, a US wealth management company, said that although the market widely expects the Federal Reserve to raise interest rates next week, given the overall economic stability, further tightening of policy is "fundamentally unnecessary".

Miller stated, "I think most investors believe the Fed will raise rates next week, and I think the probability is high. But fundamentally, this is unnecessary. I'd love to hear the discussion at the decision-making meeting, because some Fed governors firmly believe that we need to act before overall inflation picks up and bring it back to the 2% target."

However, if we examine other parts of the economy with a patient perspective, their performance is actually quite stable, and I'm unsure whether a comprehensive interest rate hike is truly necessary. We can continue to observe whether rising oil prices will spread and see core inflation gradually decline.

According to BlockBeats, the BRICS Leaders' Summit was held in New Delhi, India on September 12. With the ongoing conflict between Iran and the US causing disruptions in the Strait of Hormuz and the Red Sea, and international oil prices exceeding $100, Iran became one of the core topics of the summit. Member countries such as China, Russia, and India possess direct communication channels with Iran, a diplomatic advantage that the United States currently lacks.

Iranian President Peskov called on member states ahead of the summit to develop alternative financial instruments to reduce dependence on the Western financial system and criticized the US-led global order. Russian President Vladimir Putin advocated for BRICS to become a platform more independent of Western rules, focusing on strengthening cooperation in payments, investment, technology, and infrastructure.

However, it won't be easy for BRICS to become a mediating force in the Middle East crisis. Iran and the UAE, also a BRICS member, are already at odds, with the UAE having previously suspended trade and financial ties with Iran; India, on the other hand, needs to maintain relations with the United States, Gulf states, Russia, and Iran simultaneously. Member state disagreements had previously prevented the foreign ministers' meeting from issuing a joint statement.

The market is currently more focused on whether BRICS can reach a minimum consensus on energy security, cross-border payments, and the situation in the Middle East. With continued disruptions to shipping through the Strait of Hormuz, whether the summit can ultimately deliver a unified stance will be a crucial window into the future direction of global energy and geopolitics.

According to BlockBeats, on September 12, blockchain detective ZachXBT posted on his personal channel that Revolut may have caused the leakage of some users' personally identifiable information (PII) due to its failure to identify a forged information request from a government agency.

According to its disclosure, Revolut previously received a customer information retrieval request that appeared to originate from a legitimate government agency and was sent through the agency's official email domain. Because the email possessed valid domain authentication information, Revolut assumed the request was genuine and responded.

The data potentially involved includes user names, dates of birth, occupations, addresses, email addresses, and phone numbers, as well as copies of passports or driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Revolut stated in a notification to users that no biometric facial telemetry data was compromised.

ZachXBT stated that while the current scale of the incident may be limited, it appears to primarily target high-net-worth individuals. Several Revolut users received related security incident notifications yesterday. Revolut had previously reminded users to verify any suspicious information through in-app customer service and avoid providing personal or financial information.