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The PPI data may indicate that the CPI will also cool down, adding complexity to the debate over the extent of the Federal Reserve's rate cut in September...
The August CPI is about to be released, but Wall Street remains calm. This Thursday, the implied volatility in the stock market is lower than the average actual volatility on CPI release days over the past year and also lower than the expected volatility for the next non-farm payroll day.
- 00:11Rex-Osprey cryptocurrency ETF has passed the 75-day review window of the US SEC and is expected to start trading on Friday.According to Jinse Finance, as disclosed by Cointelegraph, Eric Balchunas from Bloomberg stated that the Rex-Osprey cryptocurrency ETF (which includes products such as $BTC, $XRP, $DOGE, $BONK, and $TRUMP) has passed the 75-day review window of the U.S. Securities and Exchange Commission (SEC) and is expected to begin trading on Friday.
- 00:11A newly created wallet deposited 10 million USDC into Hyperliquid, bought spot, and opened a 10x leveraged short position on HYPE for hedging.According to Jinse Finance, Onchain Lens monitoring shows that a newly created wallet transferred 10 million USDC to Hyperliquid. Part of the funds were used to buy HYPE in the spot market, while simultaneously opening a 10x leveraged short position on HYPE. The wallet still holds approximately 9 million USD in funds.
- 00:04Elon Musk regains the title of richest person, but leads by only $1 billionJinse Finance reported that Elon Musk's title as "the world's richest person" was briefly overtaken by Larry Ellison, co-founder of Oracle (ORCL.N). According to reports, after Oracle released an extremely strong earnings report on Tuesday evening, Ellison's wealth surged by $89 billion on Wednesday, reaching $383.2 billion. Ellison is Oracle's largest individual shareholder. On Wednesday, the increase in his net worth made him the world's richest person for several hours, briefly surpassing Musk. However, by the close of trading on Wednesday, Musk's net worth stood at $384.2 billion, surpassing Ellison by $1 billion and reclaiming the title of the world's richest person. (Golden Ten Data)