After the release of PPI data, the probability of the Federal Reserve raising interest rates in September rose to 70%.

According to TradingBeats monitoring, anonymous whale address 0xe2...3c8c increased its BTC short positions shortly after the release of the latest U.S. PPI data. The address added roughly 116.8 BTC in batches between 20:39 and 20:54, worth an estimated $9 million based on execution prices. Its total BTC short position rose from around 623.5 BTC to approximately 740.3 BTC, pushing it to become the second-largest BTC short on Hyperliquid. As of press time, the address holds a 20x leveraged short of about 740.28 BTC, with a position value of roughly $56.92 million, an average entry price of $78,475, and an unrealized profit of around $1.1765 million. Separately, this address is also the second-largest PONS short on Hyperliquid, holding a 3x leveraged short of approximately 8.6701 million PONS, with a position value of about $4.95 million, an average entry price of $0.8101, and an unrealized profit of roughly $2.071 million.

The so-called "Fed Wire" Nick Timiraos said that Walsh’s speech at Jackson Hole convinced investors a rate hike was more likely, but he did not reveal what would trigger such a move. The market filled this information gap, and now expects a rate hike of a magnitude Walsh never committed to. As a result, Friday’s inflation report is seen as critical to deciding whether to raise rates, an approach Walsh has opposed for years.

According to market data from BIT (Bit.com), after the release of PPI data, expectations of a Federal Reserve interest rate hike rose, triggering a collective intraday decline in the three major U.S. stock indexes: the Dow Jones Industrial Average fell 0.44% on the day, the Nasdaq fell 1.26%, and the S&P 500 fell 0.64%. The optical module, storage, and crypto-related concept stock sectors all saw broad losses, with individual stock performances as follows: Applied Optoelectronics (AAOI) down 3.66%, Lumentum (LITE) down 3.26%, Coherent (COHR) down 3.19%, Marvell Technology (MRVL) down 2.51%, Nokia (NOK) down 2.83%, Micron Technology (MU) down 4.32%, SanDisk (SNDK) down 4.07%, Western Digital (WDC) down 5.15%, Seagate Technology (STX) down 3.47%, Circle (CRCL) down 3.15%, Bullish (BLSH) down 1.73%, Gemini Space Station (GEMI) down 1.62%, Bitmine Immersion Technologies (BMNR) down 1.34%, and SharpLink (SBET) down 1.17%.

According to market data from BIT (Bit.com), rising expectations of a Federal Reserve interest rate hike triggered a collective intraday drop in the three major U.S. stock indexes: the Dow Jones Industrial Average fell 0.44% on the day, the Nasdaq declined 1.26%, and the S&P 500 dropped 0.64%. Semiconductor stocks weakened across the board: SK Hynix (SKHY.O) fell 4.1%, Intel (INTC.O) dropped 3%, SanDisk (SNDK.O) declined 3.2%, and TSMC (TSM.N) slipped 1.7% following its earnings release.

According to monitoring by ai_9684xtpa, the address 0xaaa…4a26e spent 4.82 million USDT to purchase 1,951 ETH six hours ago, at an average cost of approximately $2,469.6. The address has reopened its ETH position after a five-month hiatus, and has subsequently deposited the acquired ETH into Morpho.

According to a new paper published by researchers from Theta Labs, the Ethereum Foundation, StarkWare, and other institutions, the resources required for key computational steps in potential quantum attacks on Bitcoin (BTC) and Ethereum (ETH) are over 50% lower than the estimates previously released by Google’s Quantum AI team. The study’s proposed quantum circuit design needs only around 1,151 logical qubits, and uses approximately 1.3 million Toffoli gate operations to complete the relevant calculations, with a composite score of roughly 1.5 billion—below Google’s previously announced level of around 3 billion. The research primarily optimized the point addition calculation step in Shor’s algorithm, which theoretically allows a sufficiently powerful quantum computer to derive private keys from public keys. Jieyi Long, one of the paper’s lead authors and CTO of Theta Labs, noted that quantum attacks are not currently imminent, but quantum-resistant migration will take many years and cannot be remedied after an attack occurs.