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.
He would become at least the tenth of 18 co-defendants to admit guilt in a case prosecutors have built as their first Bitcoin-focused RICO prosecution.
The Singapore-to-New York transfer settled in minutes rather than the usual two business days, adding a concrete use case to banks' broader push toward always-on tokenized settlement rails.
The federation's peg-out authorization key needed just 11 of 15 signatures to move nearly 4,000 BTC out of the sidechain, exposing a validation bug that Blockstream says had gone unpatched in its Elements codebase for more than two years.
Bitcoin looks calm on the surface, but ETF inflows, thin liquidity, leverage and geopolitical risk are building a market primed for a sharp move in either direction.
