Key Takeaways
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Macro Environment: U.S. August PPI came in far below expectations, easing inflation concerns. Oracle’s surge drove most tech stocks higher, with the S&P and Nasdaq hitting new highs. Gold spiked before pulling back, while oil rose on escalating geopolitical tensions.
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Crypto Market: U.S. SEC Chair’s speech in support of on-chain financing and super app trading platform innovation boosted sentiment, sending Bitcoin above $114k before retracing with U.S. equities. ETH remained range-bound, while altcoin market share saw a slight increase.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,532.03 | +0.30% |
| NASDAQ | 21,886.06 | +0.03% |
| BTC | 113,954.9 | +2.17% |
| ETH | 4,349.10 | +0.92% |
Crypto Fear & Greed Index: 54 (vs. 49, 24h ago) – Neutral
Today’s Watchlist
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August U.S. CPI data
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ECB interest rate decision
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APT unlock (2.20% of supply, ~$48M)
Project Highlights
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Hot Tokens: SOL, AVAX, PUMP
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SOL/ETH rose for 5 consecutive days; Solana ecosystem tokens (SOL, PUMP, RAY, FARTCOIN, BONK) rallied broadly.
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LINEA: Controversial LINEA TGE faced downtime pre-launch; price opened high but trended lower, with circulating market cap around $370M.
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NAORIS: Mirrored MYX’s pump-and-dump pattern, spiking 300% before retracing.
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ONDO: Ondo Finance’s Wall Street 2.0 TVL surpassed $100M.
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WLD: Eightco closed a $270M private round for Worldcoin strategy; price fell on “sell the news.”
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BNB: Binance partnered with Franklin Templeton to advance digital asset initiatives; BNB broke $900.
Macro Economy
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U.S. August PPI YoY: +2.6% (vs. +3.3% expected); MoM: -0.1%
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U.S. Senate Banking Committee approved Milan’s Fed Governor nomination by 13–11 vote
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U.S. court ruling allows Cook to vote at next week’s FOMC meeting
Industry Highlights
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Oracle stock surged 40%, with co-founder Larry Ellison overtaking Elon Musk as the world’s richest person
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SEC delayed decision on adding staking features to BlackRock, Fidelity, and Franklin Ethereum ETFs, extended to late October
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Rex-Osprey crypto ETF cleared SEC’s 75-day review window, expected to start trading Friday
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VanEck to apply for Hyperliquid Spot Staking ETF
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Asset Entities approved merger with Strive to form a $1.5B Bitcoin finance company
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DWF’s Falcon Finance to launch community sale of FF token on BuidlPad
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SEC Chair: “The crypto era has arrived; most tokens are not securities. The SEC must enable entrepreneurs to raise funds on-chain and allow super app trading platform innovation to expand investor choice.”
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U.S. Senator: Market Structure Bill for crypto could pass this year
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South Korea: Removed virtual asset trading & brokerage from restricted industries list
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India: Prefers not to draft comprehensive crypto legislation, opting for partial regulation
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BlackRock: Plans to launch Bitcoin ETF in the UK next month
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Kyrgyzstan Parliament approved bill to establish a strategic Bitcoin reserve
This Week’s Outlook
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Sept 11: U.S. CPI (Aug), ECB rate decision, APT unlock (~$48M, 2.20% of supply)
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Sept 12: U.S. 1-year inflation expectations (prelim), University of Michigan Consumer Sentiment Index (prelim)
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