Canadian Dollar slides as Oil tumbles, US CPI fails to lift USD

USD/CAD rises 0.27% on Friday and trades around 1.3870 at the time of writing, after reaching a daily high of 1.3882 in the immediate reaction to the release of United States (US) inflation data. The pair is on track for a third consecutive day of gains, supported by the US Dollars (USD) initial reaction to the data and a sharp decline in Oil prices that weighs on the Canadian Dollar (CAD).  The US Consumer Price Index (CPI) rises 3.4% YoY in August, unchanged from the previous month and in line with market expectations, according to data released by the Bureau of Labor Statistics (BLS) on Friday. On a monthly basis, prices increase 0.4%, following a rise of just 0.1% previously.  The underlying figures provide a slightly firmer signal. The Core CPI, which excludes volatile food and energy components, rises 0.3% MoM, exceeding the 0.2% forecast. On an annual basis, however, core inflation eases to 2.4% from 2.5% in July.  The US Dollar briefly strengthened following the release as investors reacted to the stronger-than-expected monthly increase in core inflation. However, the Greenback struggles to retain its gains as the annual figures show no renewed acceleration in inflationary pressures.  On the Canadian side, selling pressure is

09-12Industry

14% Gain for Raydium (RAY): Bulls Are Now Eyeing the $2 Resistance

Raydium (RAY) climbs 14%, priced at around the $1.52 mark.The buyers are in firm control and driving the price higher.  As of September 11 in the crypto market, among the digital assets, Raydium (RAY) is trading within the $1.52 range, up by over 14.4%. Its 24-hour volume is settled at around $266.71 million, with a session range between $1.26 and $1.75. Moreover, over the past seven days, the token has climbed from $0.80 to $1.75, an 85.9% gain that puts it at its highest price since January.  On the weekly timeframe, buyers broke through multiple horizontal resistance levels in an explosive expansion from the lower demand floors. Sustaining this price zone above the newly reclaimed levels is what keeps the bullish structure intact. Notably, it opens the path toward higher overhead resistance zones.  On the other hand, StonkFun routing all new launches through Raydium LaunchLab has brought a direct and sustained demand driver to the platform. Tokenised stocks, including Backpacks Grindr token, are now routing through Raydium, expanding its utility beyond traditional DeFi activity. Also, on September 9, Raydium recorded its largest-ever buyback of $640,788, funded by 12% of protocol fees.  Raydiums Major Support and Resistance Levels  Looking at the recent trading chart, Raydiums momentum

09-12Industry

CPI and PPI climb, crushing hopes for cheap money and leaving Bitcoin traders with an expensive dilemma

US consumer prices increased faster in August, giving the Federal Reserve another reason to be cautious about lowering interest rates and leaving Bitcoin investors exposed to a prolonged period of expensive borrowing.  Related Asset Bitcoin #1 BTC · $77,315.51 24-hour change: up 0.26% 24H Up 0.26% 7D Down 2.65% 30D Up 21.89%  The Consumer Price Index (CPI) rose 0.4% from July, when it increased 0.1%, while the annual inflation rate held at 3.4%. Excluding food and energy, prices rose 0.3%, compared with 0.2% a month earlier, even as the annual core rate eased to 2.4% from 2.5%.  Thursdays producer price report (PPI) showed a 0.4% monthly increase and a 5.4% annual gain. Energy accounted for much of the increase in both reports, although the faster monthly core CPI reading showed that consumer inflation also picked up outside fuel and food.  That combination weakens the argument that slower annual inflation will soon bring lower interest rates. Investors holding cash can continue earning interest elsewhere, while those borrowing to invest face financing costs that reduce what they can earn from an increase in Bitcoins price.  The Feds Sept. 15–16 meeting will put those costs back in the spotlight. The releases will enable officials to keep policy restrictive,

09-12Industry

BTC Price Analysis: What Are Bitcoins Key Support Levels After $80K Rejection?

Bitcoin is approaching a critical point after spending the past several weeks digesting its powerful August rally. With the price slipping back toward the lower boundary of its recent structure and participation remaining relatively subdued, the market is increasingly dependent on the $76K-$77K area to prevent the current correction from extending further.  Bitcoin Price Analysis: The Daily Chart  Bitcoins daily structure remains significantly stronger than it was before the August breakout. The impulsive rally carried the asset through the major $66K-$67K and $72K-$74K resistance zones, as well as both major moving averages, before reaching the $80K-$82K supply area.  However, the price has repeatedly failed to establish acceptance above this upper resistance zone. The latest sequence of candles shows declining momentum and a gradual retreat toward $77K, while the RSI has cooled considerably from its previous overbought readings. This suggests that the initial bullish impulse is losing strength, at least temporarily.  The $76K-$77K region is now the first important support area. Holding it could allow BTC to continue consolidating beneath the $80K-$82K resistance zone before another breakout attempt. Yet a decisive daily breakdown below $76K would make a deeper correction increasingly likely, with the $72K-$74K former resistance zone representing the next major support.  Despite the short-term

09-11Industry

US DOJ restrains $52M in crypto with Tethers help

The U.S. Department of Justice has restrained more than $52 million in cryptocurrency while targeting wallets and online channels linked to the Xinbi Guarantee scam network.  Tether said in a Sep. 11 statement that the DOJ credited the stablecoin issuers “proactive assistance” in an operation against Xinbi Guarantee, a Chinese-language marketplace linked to international scam groups.  The coordinated action restrained more than $52 million in cryptocurrency in one day. U.S. authorities also seized two wallets that Xinbi allegedly used to receive about $12 million in payments and sought restraint orders covering 47 additional wallets tied to suspected money laundering.  Xinbi operated as a service hub rather than a single scam site. According to U.S. authorities and blockchain researchers, its vendors connected fraud groups with money launderers, operators of fake investment platforms, and recruiters involved in human trafficking.  DOJ targets Xinbis financial infrastructure  Instead of focusing only on individual fraud schemes, the enforcement action went after the payment tools that supported Xinbis marketplace. Vendors allegedly used the platform to advertise services, receive payments, and move proceeds from online scams through cryptocurrency wallets.  The two wallets targeted for seizure had collected about $12 million in payments, Tether said. Restraint requests involving another 47 wallets expanded the action to

09-11Industry

Blockstream Refuses the 10% Cut White Hat Hackers Have Learned to Expect

Blockstream will not pay the attackers who drained its Liquid sidechain. The refusal breaks with a crypto habit of letting self-declared white hat hackers keep a slice of what they took.  Liquid is a Blockstream-built network where users lock Bitcoin (BTC) and receive a matching token that moves faster. Attackers exploited a software flaw on September 6 and took roughly 4,000 BTC.  Why White Hat Hackers Learned to Expect a Cut  The flaw let the attackers create Liquid tokens that no real Bitcoin backed, then convert them out. Federation signing keys were never stolen, which is why the transaction that drained Liquid cleared normally.  Sponsored  Sponsored  They later returned 3,400 BTC once Blockstream patched the software, then asked for a retroactive bug bounty. They kept 598.5 BTC, worth about $46 million at current Bitcoin prices.  That demand follows a script. Nomad, a bridge that lost $190 million in 2022, publicly offered hackers 10% of the haul to send the rest back. Projects have copied the arrangement since.  Blockstream Says the White-Hat Label Does Not Fit  Blockstream said in its statement that open-source developers should not fund payouts far larger than their own stake in a network.  Taking assets without authorization and withholding their return is a crime, not responsible disclosure.

09-11Industry

Metaplanet Makes 41% Executive Reward Pool Cut: Will Shareholders Forgive the Dilution?

Metaplanet cancelled 131 million shares tied to its executive reward pool on Friday, shrinking the disputed insider stake by 41.1% after weeks of shareholder pressure.  The Tokyo-listed Bitcoin treasury company also scrapped a planned executive incentive vehicle outright and pushed the surviving warrants years further out before anyone can cash them in.  Sponsored  Sponsored  “This is a meaningful concession and a much better alignment of management and shareholders. Credit to them for taking the criticism seriously,” said Mathew Sigel, Head of digital assets research at VanEck.  What Metaplanet Gave Up in Its Executive Reward Pool  Warrants are rights to buy shares later at a price fixed in advance, in this case 10 yen each. The board cut how many shares each warrant converts into, from 696 down to 410.  That takes the pool from 319.46 million shares to 188.19 million. Strip out warrants insiders already exercised and the cut is steeper, with the remainder falling 55.5% to 105.37 million.  Chief Executive Simon Gerovich valued the destroyed claim at more than $220 million. Metaplanet also scrapped a plan to move up to 90,000 warrants into a separate executive incentive vehicle.  A Letter to Metaplanet Shareholders:  Over the past several weeks, many of you have asked questions about Metaplanets compensation structure, governance,

09-11Industry

Bitcoin and Gold Flash Crash: Why a 2.4% CPI Print Still Ran Hot

Bitcoin and gold prices dropped within seconds of the August inflation report on Friday, then recovered most of the loss inside a few minutes. The annual numbers landed exactly on forecast.  What moved markets was the monthly core figure. Prices excluding food and energy rose 0.3% in August, above the 0.2% economists had expected.  Sponsored  Sponsored  Why a 2.4% Print Still Counted as Hot  Annual core inflation held at 2.4%, matching estimates. Headline inflation matched as well, at 3.4%. Neither number handed the Federal Reserve anything new.  AUGUST U.S. ???????? INFLATION DATA:  CPI 3.4% YoY, (Est. 3.4%)  CPI 0.4% MoM, (Est. 0.4%)  Core CPI 2.4% YoY, (Est. 2.4%)  Core CPI 0.3% MoM, (Est. 0.2%)  — Wall St Engine (@wallstengine) September 11, 2026  Follow us on X to get the latest news as it happens  The monthly reading told a different story. Seventeen published forecasts for monthly core inflation circulated before the release. They ranged from 0.16% to 0.24%, and every one of them rounded to 0.2%.  August core CPI estimates from those who have shared them: The median is 0.22%. Source: Timiraos  The actual figure came in at 0.29%, or roughly 3.5% at an annual pace. It beat the entire range.  The Consumer Price Index (CPI) measures what urban households pay for a fixed basket of

09-11Industry

Clearpool plans XRPL expansion and CPOOL migration

Clearpool has proposed expanding its institutional lending products to the XRP Ledger while replacing CPOOL with CLEAR through a 1:1 token migration and treasury recapitalization.  Clearpool plans institutional credit products on XRPL  Clearpool said in its governance proposal that the expansion represents the protocols “next growth phase,” combining a move to the XRP Ledger with the proposed replacement of CPOOL by CLEAR. Existing CPOOL holders would receive the new token at a one-to-one ratio if the proposal passes.  Clearpool is entering its next growth phase, expanding to the XRP Ledger.  XRPL is one of the most established networks, with institutional credit still largely untapped. Were bringing real-world, institutional-ready lending infrastructure, built natively on XRPL.  To power it,… pic.twitter.com/YZ2WW6NQE3  — Clearpool (@ClearpoolFin) September 11, 2026  Rather than treating the token change as a standalone rebrand, the protocol tied it to plans for institutional credit markets on XRPL. Clearpool identified the ledgers operating history and what it described as an underused institutional lending market as reasons for selecting the network.  “XRPL is one of the most established networks, with institutional credit still largely untapped,” Clearpool said.  Under the proposed structure, Clearpool would develop credit products that use the XRP Ledger to manage lending transactions and yield opportunities. The protocol said new

09-11Industry

Bitcoin rebounds above $78K as Fed hike odds hit 81%

Bitcoin has rebounded above $78,000 after U.S. consumer inflation met forecasts in August, although prediction-market traders have raised the chance of a Federal Reserve rate hike to 81%.  US CPI has held at 3.4% in August  The U.S. Bureau of Labor Statistics reported Friday that the Consumer Price Index rose by a seasonally adjusted 0.4% in August after increasing 0.1% in July. Consumer prices climbed 3.4% over the preceding 12 months, unchanged from Julys annual rate.  Both figures matched the forecasts cited in the original report. Still, inflation remained above the Federal Reserves 2% target as officials prepared for their Sept. 15–16 policy meeting.  Energy costs accounted for much of the monthly increase. According to the BLS, the energy index advanced 2.1% in August, while gasoline prices rose 3.9% and contributed more than one-third of the increase in the headline index. Shelter costs added 0.3%, and food prices gained 0.1%.  Annual energy inflation reached 16.3%, driven partly by a 27.4% increase in gasoline prices and a 52% rise in fuel oil. Food costs were 2.7% higher than a year earlier, while the food-at-home index rose 2.2%.  Excluding food and energy, core CPI increased by 0.3% from July. The monthly reading exceeded the 0.2% forecast cited in

09-11Industry
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