Daily News: Dogecoin ETF debut, "Solana Season" is in the process, Ethereum Verifiers Exit, etc.

According to Bijie.com, the following article is adapted from The Block’s newsletter The Daily, which was released on weekday afternoons. Happy Wednesday! U.S. PPI fell below expectations in August, up 2.6% year-on-year, which helped stimulate a rebound in cryptocurrency prices. Similar surprises in the CPI data tomorrow may provide further bullish catalysts, while popular readings can easily reverse the gains. In today’s newsletter, the first U.S. Dogecoin ETF is expected to debut on Thursday, Bitwise expects Solana to have an “epic” year-end rebound, Kiln withdraws from its Ethereum validator for security reasons, and more. Meanwhile, Binance.US lowered fees as volumes remained bad. Let's get started. P.S. Don’t forget to check out The Funding, a biweekly summary of cryptocurrency VC trends. This is a great post – like The Daily, you can subscribe for free! REX Shares and Osprey Funds are expected to pass the Alternative Investment Company Act of 1940 on Thursday to launch the first U.S. Dogecoin ETF under the stock code DOJE. Bitwise CIO Matt Hougan said approvals of spot ETFs and corporate vault purchases could usher in a “Solana season”, bringing an “epic” year-end quotation to SOL, similar to the surge in BTC and ETH in the same situation. Cryptocurrency staking platform Kiln began orderly exiting all of its Ethereum validators on Wednesday, a security precaution taken after hackers leveraged their API through SwissBorg on Monday, resulting in $40 million in Solana losses. Consensys-incubated Ethereum Layer 2 Linea launched its token generation activity on Wednesday, opening a 90-day 9.36 billion LINEA airdrop application window. Paxos proposed an integration of PayPal and Venmo in an updated proposal to issue Hyperliquid’s USDH stablecoin, which promises $20 million in incentives, as well as additional HYPE listings and on-chain/off-chain channels. With The Block’s daily summary, you will never miss the most influential events that have taken place in the digital asset ecosystem.