Binance Morning Post (September 12)

● Nasdaq broke through 22,000 points and hit a record high According to BlockBeats, on September 11, the Nasdaq broke through the 22,000 point mark, setting a new record high, with the increase expanding to 0.45%. ● Analysts: CPI data meets expectations, but food fuel prices raise concerns According to Jinshi data, after the release of the CPI report, the bond market experienced a bull market steeper. Analysts expect the Federal Reserve to lower interest rates and interest rates will fall to 100 basis points. Although overall inflation data meet expectations, details show that price pressure exists. Fruit and vegetable prices rose 1.6% month-on-month, automobile fuel prices rose 1.8% and tobacco prices rose 1.0%. Household food prices rose 0.6%, the largest increase in three years. The United States, as a net importer of food, may be greatly affected by tariffs. Among groceries, meat prices rose 2.7%, the biggest increase in four years, driven mainly by beef. Inflation data will not prevent the Fed from cutting interest rates, but it shows inflationary pressure in some areas of the economy. ● 21Shares launches DYDX ETP, expanding to 48 crypto assets ETPs According to Shenchao TechFlow, 21Shares announced the launch of 21Shares dYdX ETP (code: DYDX), which is listed on Euronext Paris and Euronext Amsterdam. This product is a 100% physically supported exchange-traded product that tracks DYDX token performance with an administrative fee of 2.5%. The launch has increased the 21Shares European product line to 48 crypto asset ETPs, with a total asset management of US$11 billion. ● SOL's market value rose to US$121.24 billion, ranking 185th in the world According to BlockBeats, on September 11, 8marketcap data showed that SOL's market value rose to about $121.24 billion, surpassing MercadoLibre and ranking 185th in global asset market value. ● Report: ETH/BTC ratio is below 0.05 for 14 consecutive months According to ChainCatcher, CoinGecko released a report saying that the ETH/BTC ratio has been below 0.05 for 14 consecutive months. The ETH/BTC ratio reached an all-time high of 0.148 on June 12, 2017, but exceeded 0.1 in just 40 days in the past decade, accounting for 1.1%. Over the past decade, the number of days with ETH/BTC ratios below 0.05 has been 2,123 days, accounting for 57.6%. Since the end of July last year, the ETH/BTC ratio has been below 0.05 for 14 consecutive months. As of 2025, the annual average ETH/BTC ratio was 0.027, the same as the 2019-2020 bear market period.