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Wu said daily selected encrypted news - the US released a 0.1% monthly PPI rate in July, and the overall PPI was lower than expected.

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Aug 13, 2024

1. The U.S. releases July PPI monthly rate of 0.1%, PPI overall lower than expected

The U.S. released the July PPI monthly rate of 0.1%, below the expected 0.20%, with a previous value of 0.20%. The July PPI annual rate is 2.2%, expected 2.30%, with the previous value revised from 2.60% to 2.7%. The U.S. core PPI annual rate for July is 2.4%, expected 2.7%, with a previous value of 3.00%. The U.S. core PPI monthly rate for July is 0%, expected 0.20%, with a previous value of 0.40%. The PPI is lower than expected, indicating a continued slowdown in inflation due to rising commodity costs being offset by declining service prices.

2. PumpFun launched approximately 1.70 million tokens, with only 15 tokens maintaining a market value above 10 million USD for multiple weeks

Among them, 2.38 thousand tokens successfully listed on Raydium, with a listing rate of 1.4%; only 141 tokens successfully listed on CoinGecko, with a listing rate of 0.008%; only 41 tokens can maintain a market value above 1 million USD for multiple weeks (0.002%), and only 15 tokens can maintain a market value above 10 million USD for multiple weeks (0.001%).

3. The U.S. SEC sends letters to major venture capital funds regarding Uniswap Labs

Several venture capital funds, including Andreessen Horowitz and Union Square Ventures, received letters from the U.S. Securities and Exchange Commission regarding their relationship with Uniswap Labs. Regulatory agencies may potentially accuse Uniswap of being an unregistered exchange. Uniswap Labs received and responded to the Wells notice earlier this year.

4. Wang Chun from F2Pool to lead SpaceX's astronaut leap over the poles

SpaceX announced that Falcon 9 will launch the Dragon spacecraft's sixth commercial astronaut mission, Fram2, as early as the end of this year. This will be the first time in human history that a space mission will explore the Earth from a polar orbit and fly over the Earth's poles, with Wang Chun, the founder of the Bitcoin mining pool F2Pool, serving as the commander. During the 3 to 5-day mission, the crew plans to observe the polar regions of the Earth from the dome of the Dragon spacecraft at an altitude of 425 to 450 kilometers. Wang Chun tweeted, "In the history of space exploration, this is the first time that an individual can rent an entire spacecraft, plan, design, and execute their own personalized mission with clear objectives. I am increasingly convinced that one day we will reach Mars—and the one to get there may be an individual or a company, not a country."

5. Marathon Digital announces labeling "Made in USA" on every Bitcoin block it mines

This move aligns with former presidential candidate Trump's statements earlier this summer. Trump expressed his desire for "all remaining bitcoins to be made in the USA," believing that more Bitcoin mining in the U.S. would help the country achieve energy dominance. Marathon previously announced the launch of a $BTC mining pool compliant with OFAC regulations in 2021, producing regulated clean bitcoins, sparking industry criticism.

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