oneUS August Unseasonally Adjusted CPI Annual Rate 3.7% Core CPI Annual Rate 4
oneUS August Unseasonally Adjusted CPI Annual Rate 3.7% Core CPI Annual Rate 4.3%Link
The United States' non quarterly CPI annual rate in August was 3.7%, with an expected 3.6%, compared to the previous 3.2%, which is a new high since May this year and has rebounded for the second time in a row. The core CPI of the United States in August was not seasonally adjusted at an annual rate of 4.3%, expected to be 4.3%, with a previous value of 4.7%, which is a new low since September 2021 and has been declining for six consecutive months.
According to the Wall Street Journal, due to rising energy costs, consumer prices in the United States rose at the fastest pace in more than a year in August. Monthly core data may keep interest rates stable for Federal Reserve officials at next week's meeting, but it will not resolve the larger debate over whether another rate hike is needed this year to slow down the economy and maintain recent inflation progress. The International Energy Agency has stated that Saudi Arabia's decision to extend the deadline for crude oil production reduction until the end of this year may lead to an increase in gasoline prices.
twoSEC Chairman Gensler: Currently reviewing multiple Bitcoin spot ETP applicationsLink
On September 12th, according to @ Eric Balchunas, SEC Chairman Gensler stated at the latest hearing that we are reviewing the decision. We are also reviewing multiple Bitcoin spot ETP applications (in addition to grayscale), and I am seeking advice from our staff. The previous court ruling strongly criticized the SEC for stating that there is no reason not to use Bitcoin spot ETFs but futures ETFs.
threeG20 is advancing the international cryptocurrency frameworkLink
On September 11th, according to Cointelgraph, the G20 is advancing the International Cryptocurrency Framework, which will affect users in multiple countries starting from 2027 by automatically exchanging information about cryptocurrency transactions between jurisdictions. The G20 calls for the rapid implementation of the Cryptographic Asset Reporting Framework (CARF) and CRS (Common Reporting Standard) amendments, requiring the Global Forum on Tax Transparency and Information Exchange to establish appropriate and coordinated timelines.
fourSummary of the dynamics of Coin An this week
ACoin An US Legal Director and Chief Risk Officer to ResignLink
On September 15th, according to the Wall Street Journal, Krishna Juvvadi, the US legal director of Coin An, and Sidney Majalya, the chief risk officer, are about to resign. Juvvadi is one of the contacts for communication between the company and the SEC. Previously, Coin On America had already laid off one-third of its employees, with CEO Brian Sherder resigning and Chief Legal Officer NormanReed temporarily taking over the CEO position of Coin On America.
BCoin An USA has laid off one-third of its workforce, and CEO Brian Sherder has resignedLink
On September 13th, according to TheBlock, Coin America had already laid off one-third of its employees and CEO Brian Sherder resigned.
After being sued by the SEC, BinanceUS's monthly trading volume has significantly decreased, from $10.58 billion in January to $70 million this month.
On the same day, according to Bloomberg, Chief Legal Officer NormanReed temporarily took over the position of BinanceUS CEO. A spokesperson for Coin An stated that the SEC is actively attempting to weaken our industry and have an impact on our business, which has a real-world impact on employment and innovation in the United States. This is an unfortunate example.
CCoin An will air drop a total of 3.5 million US dollars in BNB to users in the Moroccan earthquake zone and Libyan usersLink
On September 12th, the Coin An charity will air drop up to $3 million in BNB to Moroccan users affected by the earthquake. The identification of user identity will be based on proof of address (POA) completed in Safi Province, Marrakech before September 9, 2023. Users who meet the requirements can directly receive a BNB of $100 in their Coin On account. For existing users who complete POA after September 9th to before September 30th, a BNB of $25 will be donated. In addition, for active trading users in non affected areas, a BNB air drop of $10 will be made. It is expected to cover approximately 70000 Moroccan coin security users.
On the same day, Coin An announced the airdrop of $500000 worth of BNB to Libyan users to support post flood work. On September 13th, Coin On announced that it would air drop BNB worth $100 to all Coin On users who completed Proof of Address (POA) in Libya before September 11th, 2023.
fiveCoinEX Exchange Under Attack Hot Wallet Funds Flowing OutLink
On September 12th, CoinEX, the exchange, was hacked and stolen funds amounting to $54 million. CoinEX issued a statement stating that the incident mainly involved token assets such as ETH, TRON, and Polygon, and the user's assets will not be affected in any way. The CoinEx User Asset Security Foundation will bear all financial losses in this incident. Meanwhile, during the investigation by the CoinEx security team, CainEx will suspend withdrawal services and immediately open recharge services once the incident investigation is resolved.
sixFTX Weekly Dynamic Summary
AThe bankrupt FTX has consolidated approximately $7 billion in assets, including $1.16 billion in SOL and $560 million in BTCLink
On September 11th, the bankrupt FTX had consolidated approximately $7 billion in assets, including $1.16 billion in SOL and $560 million in BTC. This document details how SBF and other executives received $2.2 billion in cash, cryptocurrency, equity, and real estate in the months prior to FTX's bankruptcy. The document also reports 38 apartments, top tier luxury apartments, and other properties in the Bahamas, estimated to be worth approximately $200 million. The file shows 438 investment portfolios, with approximately $4.5 billion invested. Not included in the total assets of 7 billion.
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