The latest Consumer Price Index (CPI) report showed core inflation rising 0.3% month-over-month, higher than the expected 0.2%, increasing the likelihood of a Federal Reserve rate hike. This has negatively impacted Bitcoin, which saw $243 million in outflows from digital asset products following the report, reversing the previous week's $1.3 billion inflows. Bitcoin's price remains stuck below $80,000 amid concerns over continued restrictive monetary policy. The upcoming Fed meeting on September 15-16 is now a key event for crypto markets, as another rate hike could lead to further selling pressure, while a hold might provide some relief depending on the Fed's messaging.
Several U.S.-listed stocks saw significant drops on Friday, led by the Daily Target 2X Long OKLO ETF (OKLL), which fell 18.38% due to amplified losses in Oklo Inc. shares. CPI Card Group (PMTS) declined 16.48% following a discounted secondary share o...
MKDWELL surged nearly 52% after disclosing its acquisition of Landvision Inc., an AI smart-home company, despite shareholder dilution. ACV Auctions rose over 44% following its $1.9 billion acquisition agreement by Copart, Inc. Frequency Electronics j...
USA Compression Partners, LP (USAC) remains a Buy due to its attractive valuation under 9x forward earnings, a strong 7.5% yield, and expected nearly 30% EBITDA growth driven by synergies and cost savings from the JW Power acquisition. The company is...
Ethereum surged 10% within two hours, rising from $2,433 to $2,667, driven by a nearly 14% increase in whale transactions above $1 million. This surge coincided with fresh inflation data and reflected strong demand from large holders rather than reta...
A solo Bitcoin miner using the Braiins Solo pool discovered a block at height 966351, earning 3.147 BTC worth about $244,920 after nearly 40 days without a solo block. This rare win highlights the difficulty solo miners face competing against large m...
