The US did not adjust its annual CPI rate in August at 2.9%, in line with market expectations | Binance Morning Post (September 12)

● The US unseasonally adjusted CPI annual rate in August was 2.9%, in line with market expectations. According to ChainCatcher, the US unseasonally adjusted CPI annual rate in August was 2.9%, the highest since January, in line with market expectations. The monthly rate of CPI in the United States in August was 0.4%, expected to be 0.30%, and the previous value was 0.20%. ● The number of initial unemployment claims in the United States recorded 263,000 in the week from October 23, 2021, the highest since October 23, 2021, according to Shenzhen Chao TechFlow, the number of initial unemployment claims in the United States reached 263,000 in the week from September 6, the highest since October 23, 2021, and the market expects to be 235,000. ● Reuters survey: Several analysts believe that the Fed's interest rate cut in September is a foregone conclusion. According to ChainCatcher, 107 analysts surveyed by Reuters almost unanimously agreed that the Fed will cut interest rates by 25 basis points on September 17 as weak job markets overshadowed the impact of inflation risks. Most analysts expect further rate cuts in the next quarter. Employment growth stagnated in August, coupled with a sharp downward revision of employment data over the past 12 months, prompted economists to lower expectations, believing that the Fed could implement more rate cuts. The market has fully digested the rate cuts in September, and three rates are expected this year. Michael Gapen, chief U.S. analyst at Morgan Stanley, said the possibility of a 25 basis point cut in September is higher than a larger rate cut. ● 21Shares launches DYDX ETP, expanding to 48 crypto assets ETP According to Shenchao TechFlow, 21Shares announced the launch of 21Shares dYdX ETP (code: DYDX), which is listed and traded 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. ● BlackRock is exploring tokenization of traditional assets such as ETFs through blockchain. According to PANews, BlackRock is studying how to tokenization of traditional assets such as ETFs through blockchain, aiming to achieve all-weather transactions, improve overseas accessibility, and provide new collateral for crypto networks. Previously, BlackRock has launched the tokenized money fund BUIDL with a scale of over US$2 billion and has tested related products on platforms such as JPMorgan. The measure still requires regulatory approval. The current tokenized asset market size is about US$28 billion, far lower than the total U.S. ETF industry. ● The US DTCC has included three ETFs on the list. According to ChainCatcher, the US DTCC has included Fidelity Solana ETF (FSOL), Canary HBAR ETF (HBR) and Canary XRP ETF (XRPC) on the list. ● Galaxy Digital CEO says the crypto market enters the Solana season According to ChainCatcher, Galaxy Digital CEO Mike Novogratz said on CNBC that the crypto market is entering the "Solana season" because of its high speed and high transaction capacity suitable for financial market applications. He pointed to a positive shift in the regulatory environment, and US SEC Chairman Paul Atkins said it would promote the modernization of securities rules and make it clear that "most crypto tokens are not securities." Nasdaq has applied to the SEC to allow tokenized stocks and ETFs to trade in the same order book as the traditional version, and if approved, blockchain settlement may be enabled as early as the third quarter of 2026. Novogratz predicts that Bitcoin will "only rise but not fall" in the long run. ● Report: The ETH/BTC ratio has been 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.