● US August CPI data is higher than expected, Bitcoin stabilizes above $26,000

According to CryptoPotato, the US CPI data for August was expected to grow by 3.6% year-on-year. However, the actual figure was slightly higher at 3.7%, and the core CPI grew by more than 4%.

The U.S. government released the Consumer Price Index (CPI) data for August on Wednesday, which attracted the attention of financial markets. Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley and others predicted that the CPI would increase by 3.6% year-on-year. Only Barclays, Citigroup and UBS predicted an actual jump of 3.7%. The core CPI data (excluding more volatile sectors such as food and energy) increased by 4.3% year-on-year, down from 4.7% in the previous month. In the past, such data has a greater impact on the price of Bitcoin because it indicates the future actions of the Federal Reserve in fighting inflation. Bitcoin continues to trade above $26,000 and has remained at this level for several hours after the CPI release.

● After the release of CPI data, the probability of the Fed keeping interest rates unchanged in September dropped to 91%.

According to CME's "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged at 5.25%-5.50% in September is 91%, and the probability of raising interest rates by 25 basis points to the range of 5.50%-5.75% is 9%; the probability of keeping interest rates unchanged in November is 56.1%, the probability of raising interest rates by 25 basis points in total is 40.4%, and the probability of raising interest rates by 50 basis points in total is 3.4%.

● opBNB mainnet is officially launched

According to the BNB Chain official blog, the opBNB mainnet has been officially launched. In the future, opBNB will focus on enhancing the network's resilience and decentralization through Proof Enhancement, account abstraction, data availability of BNB Greenfield, interoperability with BNB Greenfield, and decentralized sorters.

● Rachel Conlan, Binance’s VP of Global Marketing, will serve as Chief Marketing Officer

Binance announced that its vice president of global marketing, Rachel Conlan, will be appointed chief marketing officer. Binance founder and CEO Changpeng Zhao (CZ) said that Rachel will continue to oversee and manage Binance's global and regional teams, carry out global marketing activities, increase partnerships with KOLs, and strive to provide users with Web3 and cryptocurrency experiences in innovative and engaging ways. Rachel Conlan uses her previous experience in senior leadership positions at Havas and CAA to explore brand plans while being responsible for Binance's innovation activities.

● Glassnode: Crypto market liquidity tightened and trading volume fell to a historic low

According to BlockBeats, the latest report from crypto market intelligence company Glassnode shows that the crypto market is currently experiencing severe liquidity crunch, with both on-chain and off-chain transaction volumes falling to historic lows. Analysts pointed out that although Bitcoin and Ethereum have seen net capital inflows since the beginning of the year, all three assets have returned to neutral or negative inflows since the end of August, indicating stagnation and uncertainty.

Glassnode's on-chain metrics show that total USD volume for Bitcoin trading has fallen to an average of $2.44 billion per day, the same level as October 2020. In the off-chain derivatives market, daily Bitcoin trading volume also reached historically low levels, falling to $12 billion for the first time since the 2022 low.

Glassnode added that despite the market downturn, the "holding" trend remains strong. The holdings of the long-term holder group (on-chain entities that hold tokens for more than 155 days) have reached a record high of 14.7 million bitcoins, while the short-term holder supply (holding time less than 155 days) has fallen to the lowest level since 2011.

● Report: Sweden and Canada lead in crypto ETPs

According to Blockworks, a report from Coingecko shows that Sweden and Canada are leading in cryptocurrency ETPs (exchange-traded products). Data as of September 11 showed that the largest crypto ETPs are Bitcoin Tracker One (COINXBT) and Ethereum Tracker One (COINETH) of Swedish XBT provider, with assets under management of approximately $4.4 billion and $2.6 billion, respectively, far ahead of Brazil's third-ranked Hashdex Nasdaq Crypto Index Fund, which manages nearly $1.1 billion in assets. The ProShares Bitcoin Strategy ETF (BITO), launched in the United States in October 2021, has $915 million in assets under management, while Canada's Purpose Bitcoin ETF ranks fifth with $819 million. Coingecko data shows that 6 of the world's top 25 largest ETPs are located in Canada.

● Fortress Trust: Losses of up to $15 million due to hacker attacks before being acquired by Ripple

Scott Purcell, founder and CEO of Web3 chartered trust company Fortress Trust, said that before being acquired by Ripple, Fortress Trust lost $12 million to $15 million in cryptocurrencies in a hacker attack, most of which were Bitcoin, and a small amount of USDC and USDT were also stolen.

Previously, Fortress Trust did not admit to any financial losses. On September 7, Fortress Trust disclosed that four Fortress customers were affected by the breach of a third-party vendor's cloud tools, and said that the affected accounts have been fully restored. On September 8, Ripple announced the acquisition of FortressTrust, which included compensation for users' funds lost in the hacker attack. Scott Purcell said that the fault for the security breach lies with the third-party vendor, not Fortress Trust or the company's custody partners Fireblocks and BitGo.

● European Parliament passes DAC8 cryptocurrency tax reporting rules

According to Cointelegraph, on September 13, the European Parliament passed the eighth version of the Administrative Cooperation Directive (DAC8) with an overwhelming majority of 535 votes in favor and 57 votes against at a plenary session held in Strasbourg, France. DAC8 aims to give tax authorities the power to track and evaluate all cryptocurrency transactions conducted by organizations or individuals within the EU. This plenary vote is the last hurdle for the passage of DAC8. Next, EU member states will implement this regulation by December 31, 2025, and the regulation will officially take effect on January 1, 2026.