Cryptonews

The PPI reading for August, which came in at -0.1%, was indeed a delightful surprise for the US economy. Analysts had anticipated a modest increase of +0.3%, making this a truly positive development, indicating that the tariffs had yet to exert their full influence. On Thursday, all eyes turn to the Consumer Price Index (CPI) release, where the consensus is also for a +0.3% rise in August. With the Federal Reserve poised to consider raising interest rates next week, it is crucial that this figure does not exceed expectations, lest it cause a stir in the markets and, consequently, in the tender heart of Bitcoin. Should the market suffer from a negative inflation report, Bitcoin is likely to feel the pinch as well. Yet, with the prospect of rate cuts on the horizon, this downturn may prove to be but a fleeting moment of distress. 🌸

Just as Bitcoin’s price now lounges above the $100,000 mark with the nonchalance of a Bright Young Thing at a country house party, the network’s computational prowess has been strutting about the 1 zettahash per second (ZH/s) threshold. Metrics, those tedious but necessary beasts, reveal a peak of 1,027 EH/s, according to the seven-day simple moving average (SMA) tracked by Luxor’s hashrateindex.com. A triumph, no doubt, for the digital proletariat.

How will they do this marvelous labor? Not with oxen or plows, nor even with the sweat of the brow, but by a device so arcane that only learned folk dare discuss it over tea: the smart contract. Under the benevolent gaze of Hong Kong’s Cyberport program-presumably named because someone believed cyber-things must port somewhere-Chainlink’s code shall scurry to and fro, streamlining investor orders and tending to funds as a Russian grandmother sweeps her porch.

Now, on September 10, Linea-this big deal Ethereum Layer 2 scaling solution-finally got listed on Binance, Bybit, and some others. They’re like coming to the cooler kid’s birthday party, hoping for an invite. Ooooh, excitement! 🎉

After months of languishing below 60, this index finally broke free, like a prisoner escaping a 100-year sentence. Though the 75 mark remains a distant dream, other indicators scream: “Funds are fleeing Bitcoin, rushing to altcoins like moths to a flame 🔥.”

The root of this here ruckus, as near as anyone can tell, is Grayscale filin’ for a Litecoin ETF. They’re already messin’ with Bitcoin and Ethereum ETFs, and now they’ve gone and added LTC to the mix. Makes a body wonder what they’re up to…

During the drowsy Asian morning hours – who knew Asia had ‘morning’? – Bitcoin flirted around $114,200, flexing 2.4% over 24 hours, as strong as a martian martini!

According to the Financial Times (those fancy folks with their noses in the air), the Avalanche Foundation-the non-profit behind the AVAX token-is fixin’ to set up shop in the good ol’ U.S. of A. One company’ll be their official “digital asset treasury,” while the other’ll be a crypto-focused doppelgänger. Talk about hedgin’ your bets! 🎲

Scroll DAO 📜 governance is to be “paused”

Onchain Lens, our sole narratorial guide through the murky data sea, observed the transaction’s odyssey traversing three addresses. One was clearly a lair of BitMine, while the others were enshrouded in mystery akin to the faces of human souls that wander the city’s frigid, lonely streets. Yet, these dark corners of the transaction-network were illuminated through forensic sorcery, revealing their secretive ties to BitMine. However, BitMine, ever the reticent player in the Machiavellian theatre of finance, has yet to confirm these arcane acquisitions.