SEC Appeals Ripple Labs Case, y00ts Migrates to Ethereum
Aug 11, 2023
Market Update Inflation ticked up in July but modest price increases likely deter Fed from raising rates in September. CPI rose 3.2% YoY (vs. 3% in June), while core CPI rose by 4.7% (vs. 4.8% in June). Monthly figures painted a rosier picture, with both core CPI and CPI rising a mild 0.2% in both months. Markets reacted positively on the news at open, with $SPX and $QQQ both opening higher before retracing to +0.3% from yesterday's close. Digital asset markets are down slightly on the day, with $BTC (-0.6%) retracing since poking above $30k yesterday and $ETH declining by 0.3% to $1,850. In