U.S. August PPI YoY came in at 2.6% and MoM at –0.1%. This reflected a material cooling of wholesale inflation, with markets rallying.
Bitcoin pushed to $114,000 after the print, crossing the decisive $113,000 level, while spot BTC ETFs recorded $757 million net inflows on Sept 10 (third straight day).
Ethereum spot ETFs posted $172 million in inflows yesterday while Bitmine received 46,255 ETH ($201 million), taking its holdings to 2,126,018 ETH ($9.24 billion).
Futures open interest jumped to 84.86 billion for BTC, as liquidations eased to 37.96 million, with shorts bearing the brunt.
CPI tomorrow is the near-term event risk; a second downbeat print would likely accelerate the current risk-on move.
Two cloud giants just shipped real products that let autonomous software pay for services using crypto. What this week's launches from AWS, Google Cloud, and Coinbase mean for the next phase of stablecoin adoption.
CoinEx's Jeff Ko joins the Licensed to Shill panel to discuss the current state of crypto, institutional adoption, cybersecurity, and infrastructural challenges.
The Finance Ministry has given its clearest public confirmation yet that the framework will proceed — ending a political back-and-forth that has pushed the start date back twice since 2020.
The acquisition adds card issuance and cross-border stablecoin payments infrastructure to Payward's B2B platform, and values the parent company at $20 billion.
