🏦 Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism

Coinbase’s newly launched wrapped #Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum.

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🚨 BREAKING 🚨

🇺🇸 US CPI DATA CAME IN AT 2.3%

EXPECTATIONS: 2.4%

Bullish for the markets as FED will start rate cuts 🤝🚀

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𝗧𝗛𝗘 𝗕𝗜𝗚𝗚𝗘𝗦𝗧 𝗘𝗩𝗘𝗡𝗧 𝗢𝗙 𝗧𝗛𝗜𝗦 𝗪𝗘𝗘𝗞 🚨 
 
🇺🇸 US CPI IS EXPECTED TO RELEASE TODAY AT 8:30 AM ET.
 
THE EXPECTATIONS ARE OF 2.4% WHILE THE LAST MONTH CPI WAS ALSO 2.4%
 
HERE ARE A FEW SCENARIOS 👇
 
1) CPI > 2.4%
 
THIS WILL BE SHORT-TERM BEARISH FOR THE MARKETS, GIVEN THAT THE LAST TIME CPI DATA CAME LOWER THAN EXPECTATIONS. 
 
HIGHER THAN EXPECTED CPI WILL FURTHER DELAY THE RATE CUT DECISION, WHICH ISN'T GOOD FOR RISK-ON ASSETS.
 
2) CPI = 2.4%
 
IN THIS SCENARIO, THE MARKET WILL PUMP, BECAUSE THE OVERALL MARKET MOMENTUM IS BULLISH.
 
3) CPI < 2.4%
 
THIS IS THE BEST SCENARIO AND WILL PUMP BTC AND ALTS.
 
A LOWER THAN EXPECTED CPI WILL INCREASE CHANCES OF MORE RATE CUTS THIS YEAR.

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💰 Cleanspark’s $27.5M expansion to boost Bitcoin mining power by 22%

CleanSpark is set to acquire seven Bitcoin mining sites in Tennessee, along with associated properties, for $27.5 million, according to a Sept. 11 statement. The miner stated that these facilities have a combined power capacity of 85 megawatts (MW), which means the deal equates to about $324,000 per MW.

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🇺🇸 Harris campaign criticized for ignoring crypto in policy statement

Vice President Kamala Harris‘s campaign released a policy statement outlining her administration’s key priorities. However, there is a notable omission—crypto. Harris’s campaign promises highlighted various sectors—including semiconductors and artificial intelligence—and even extensively mentioned her political rival, former President Donald Trump, in the policy statement.

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BREAKING:

🇺🇸🇨🇳 U.S TO CUT TARIFFS ON CHINESE GOODS TO 30% FROM 145% FOR 90 DAYS.

CHINA WILL ALSO LOWER TARIFFS ON US GOODS TO 10% FROM 125% FOR 90 DAYS.

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A WHALE JUST BOUGHT $85.42 MILLION WORTH OF BITCOIN ON BINANCE. IN PAST 2 DAYS, HE HAS BOUGHT 1.72K BITCOIN WORTH $178.85 MILLION.

BIG MONEY KEEPS ON BUYING 🔥

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LIQUIDATION ALERT 🚨

$2,000,000,000 WORTH OF SHORTS WILL GET LIQUIDATED IF BITCOIN HITS A NEW ATH.

BITCOIN IS CURRENTLY JUST 3.2% AWAY FROM HITTING A NEW ATH.

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JUST IN : 🇺🇸 🇨🇳 US-CHINA TRADE TALKS IN GENEVA, SWITZERLAND HAVE RESUMED FOR SECOND DAY.

US CHINA TRADE DEAL = BULLISH 🚀

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