July 2025 U.S. PPI surged 0.9% monthly and 3.3% annually, exceeding forecasts, causing Bitcoin to drop below $119,000 and Ether to fall 4% to $4,550.
Chicago Fed's Goolsbee urges waiting a few months for inflation data before cutting rates.
Treasury Secretary Scott Bessent confirmed the U.S. will explore buying more Bitcoin for its Strategic Reserve.
U.S. banking groups urge fixes to the GENIUS Act, citing risks from weak stablecoin interest payment rules, while Coinbase’s Paul Grewal denies any loophole.
Market Updates
Canary Capital registered the Canary Trump Coin ETF in Delaware to track the TRUMP memecoin, pending SEC filing.
TeraWulf’s shares jumped 50% after a $3.7B AI compute deal with Fluidstack, backed by Google’s $1.8B and 8% stake.
Coinbase and Mercuryo cut USDC fees by up to 50% for MetaMask users on Base, following Circle’s USDC-native Layer 1 plan.
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Daily Market Wrap | Aug. 15
Hot Topics
July 2025 U.S. PPI surged 0.9% monthly and 3.3% annually, exceeding forecasts, causing Bitcoin to drop below $119,000 and Ether to fall 4% to $4,550.
Chicago Fed's Goolsbee urges waiting a few months for inflation data before cutting rates.
Treasury Secretary Scott Bessent confirmed the U.S. will explore buying more Bitcoin for its Strategic Reserve.
U.S. banking groups urge fixes to the GENIUS Act, citing risks from weak stablecoin interest payment rules, while Coinbase’s Paul Grewal denies any loophole.
Market Updates
Canary Capital registered the Canary Trump Coin ETF in Delaware to track the TRUMP memecoin, pending SEC filing.
TeraWulf’s shares jumped 50% after a $3.7B AI compute deal with Fluidstack, backed by Google’s $1.8B and 8% stake.
Coinbase and Mercuryo cut USDC fees by up to 50% for MetaMask users on Base, following Circle’s USDC-native Layer 1 plan.