According to Odaily Planet Daily, the El Niño phenomenon has led to a decrease in the inflow of water to Ethiopian hydroelectric dams. Ethiopian Electric Power Corp has reduced its power supply to the Bitcoin mining industry to one-quarter of its original level. Data shows that Bitcoin mining companies contributed 35% of the company's revenue in the past fiscal year, consuming nearly one-third of the country's total power generation of 9,730 megawatts.

According to Odaily Planet Daily, over 12 banks, including Goldman Sachs, JPMorgan Chase, Bank of America, and Morgan Stanley, predict that the Federal Reserve will raise interest rates by 25 basis points on September 16. The CME Group's FedWatch tool shows that the market is pricing in an 87.3% probability of a September rate hike, up from 61.9% at the end of August. The US core consumer price index rose 0.3% month-on-month in August, compared to market expectations of 0.2%. The current target range for the federal funds rate is 3.50% to 3.75%. HSBC predicts rate hikes in September and December, while UBS expects a cumulative tightening of 50 basis points by the end of the year. The Federal Open Market Committee will begin its two-day meeting on September 15 and announce its interest rate decision on September 16. Bitcoin previously broke through $79,000 before falling back to around $77,000. (Bitcoin.com News)

Odaily Planet Daily reports that Ave has completed its integration with the Arc Chain ecosystem, providing market data, information, and trading support for Arc ecosystem assets. The Arc mainnet is scheduled to officially launch on September 16, 2026. On its launch day, Ave will simultaneously support cross-chain instant swaps and on-chain trading, providing a one-stop trading portal for Arc ecosystem assets. Arc is an open Layer 1 blockchain launched by Circle, targeting stablecoin finance, global payments, foreign exchange, and on-chain capital markets. It supports USDC native gas, sub-second deterministic finality, EVM compatibility, and optional privacy mechanisms. Currently, Ave already supports market data tracking and trading for assets issued by major launch platforms.

Odaily Planet Daily reports that Bitcoin News, in an article published on the X platform, stated that Bitcoin Suisse has informed its Zug employees that it may lay off up to 60 jobs in Switzerland after negotiations conclude by September 20th. Founded in 2013, the company has approximately 200 employees worldwide and manages over $3 billion in assets. Back-office and software positions will be transferred to its existing Bratislava center and a new location in Vietnam. Majcen stated that this move is intended to leverage lower local costs to support international expansion and is not a response to market conditions; the first layoffs are expected to occur before the end of the year.