U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

Goldman Sachs Asset Management said in a report that it still does not expect the Federal Reserve to enter a sustained interest rate hike cycle. The firm noted: "We believe tariff and energy-related price pressures may subside, there are almost no signs of economic overheating, and inflation expectations remain anchored." The Federal Reserve's dot plot from last week's meeting signals one additional rate hike this year. According to LSEG data, money market pricing implies a cumulative 37 basis points of rate hikes across the Fed's remaining two meetings this year.

On-chain analyst Ai Yi (@ai_9684xtpa) wrote that Bankless co-founder David Hoffman is among the standout traders in the current market cycle. Hoffman liquidated his entire ETH position in May and reallocated funds to VVV, NEAR, ZEC, HYPE, and LIT in June. To date, four of the assets he disclosed purchasing have posted sharp gains, with LIT leading at a 293% increase. Specific entry costs and current returns are as follows: NEAR: ~$1.4 entry, up ~223%; ZEC: ~$560 entry, up ~173%; HYPE: ~$45 entry, up ~106%; LIT: ~$1.35 entry, up ~293%; VVV: entry cost undisclosed. Hoffman reiterated his bullish outlook on ZEC and NEAR earlier today. He stated, “ZEC in 2026 is what ETH was in 2021,” adding that if ZEC’s narrative can convince some Bitcoin holders, its price could continue to climb. He also labeled NEAR a “new consensus anchor for smart contracts,” noting its buying pressure is likely driven primarily by retail investors, though the token is also on an upward trajectory.

According to GMGN data monitoring, the Solana-based meme coin RuneScape Gold (GP) briefly broke through $30 million in market capitalization, hitting an all-time high, and is now trading at $27.4 million, with a 24-hour increase of over 101%. GP is themed around the in-game gold of classic game *RuneScape*, paired with tokenized gold GLDx. Each GP transfer charges a 3% tax; accumulated fees are regularly converted by StonkFun and distributed proportionally to eligible holders in the form of GLDx, forming a mechanism of "earning gold price exposure rewards by holding tokens". It is a high-volatility meme asset that combines nostalgic game narratives, transaction tax dividends, and the concept of tokenized gold. BlockBeats reminds users that most meme coins have no practical use cases, experience significant price volatility, and require caution when investing.

According to TradingBeats' monitoring, Hyperliquid address 0x4e23 liquidated all 178,800 HYPE long positions in batches this morning, worth approximately $16.45 million, with a loss of around $250,000. After the liquidation, the address only holds roughly 375 spot HYPE and 10,100 staked HYPE for defense, having temporarily removed its leveraged exposure. Currently, it still has buy orders worth about $6.38 million placed at the $87-$89 level, and sell orders totaling around $13.71 million at the $98-$101 level. Previously, the address went long on HYPE last night and exited all positions this morning; both of its recent two attempts to chase the rally ended in losses. The address also previously recovered most of its losses on SPCX US stock trades by repeatedly adjusting its position direction in a similar manner.

Well-known trader Doctor Profit stated that he has increased his Bitcoin short position to $13 million, expecting BTC to undergo a correction targeting $79,000. He will decide on his next moves based on price performance once Bitcoin hits that level, and emphasized that this short position does not reflect a bearish outlook on Bitcoin’s long-term trend. The trader believes Bitcoin’s bear market has ended, and the current pullback is merely a phase adjustment within the ongoing bull run; once the correction concludes, Bitcoin’s bull market will continue.

With Japan’s holiday period drawing to a close, the risk of yen intervention is back in focus. The yen has fallen for two consecutive weeks, bringing it once again near the closely watched 160 level. Strategists believe the 160 level is once again a test of Japan’s tolerance for yen depreciation, as the currency has remained weak since the Bank of Japan’s (BOJ) September 18 policy meeting. While the BOJ has accelerated its tightening cycle, internal divisions exist within the committee, while the U.S. appears to be moving toward a more hawkish path. Carol Kong, currency strategist at the Commonwealth Bank of Australia (CBA), stated that if U.S. yields continue to rise and markets keep testing Japan’s resolve to defend the yen, USD/JPY could soon break through 160. A rapid break above this level would substantially raise the likelihood of official action, particularly given recent reports that Japan has conducted foreign exchange checks and the precedent of coordinated interventions. (Jinshi)