Solana’s proposal SIMD-0437, the second phase of its rent reduction, will go live on the mainnet on September 11.

Per HTX market data, Bitcoin rallied more than $3,000 after the CPI release, breaking through the $79,000 threshold to currently trade at $79,301, with a 2.68% 24-hour gain. Earlier, it experienced a short-term pin dip to $76,046.

Per HTX market data, after today's CPI release, the crypto market has rallied strongly following a sharp trading "pin" despite markets pricing in a nearly 90% chance of an interest rate hike next week. Bitcoin is now at $79,300, having rebounded more than $3,000; Ethereum broke above $2,600, surging 8.8% in 24 hours; SOL trades above $105, BNB above $740, ZEC above $1,200, and HYPE at $83.5. DeFi sector tokens are leading gains in the altcoin market, with Solana and Ethereum-based DeFi tokens posting the largest increases. Key gainers include: RAY up over 28% at $1.65, MET up over 23% at $0.266, LSK up over 20% at $0.131, MARSCOIN up over 19% at $0.134, THETA up over 18% at $0.203, DOGS up over 12% at $0.00000518, EIGEN up over 11% at $0.225, SYRUP up over 10% at $0.226, AERO up over 9% at $0.600, UNI up over 9% at $6.49, and NEAR up over 9% at $2.66.

According to GMGN data, BREW, the token of new BSC chain launch platform Brew, has surged past a $28 million market cap, approaching its previous high of $32 million, with a daily gain of over 83% and trading volume of $11.9 million. The Brew platform supports pairing and issuing tokens using meme coins, altcoins, and stock tokens as liquidity pools. Since its launch on September 7, the platform token has experienced extreme volatility, hitting a low of below $4 million. Public information shows that Nina Rong, Executive Director of Growth at BNB Chain, recently followed the official X account of Brew, the new launch platform on BSC chain. BlockBeats reminds users that the relevant tokens have high price volatility and significant uncertainty, urging caution for investment decisions.

News Flash from Insight Beating AI: Fidji Simo, OpenAI’s former second-in-command, has joined the board of AI cloud firm Nscale. She left OpenAI’s full-time position in July this year due to a worsening neuroimmune disease, and remains a part-time advisor. Nscale, a compute partner of OpenAI, recently signed a 6-year, $45 billion compute deal with Anthropic. Simo will recuse herself from Nscale board matters involving OpenAI. Nscale is preparing for an initial public offering (IPO) as early as this month. Prior to this, Simo led Instacart to go public in 2023. Nscale director Sheryl Sandberg invited her to join the board after her departure from OpenAI.

According to HTX market data, Ethereum has surpassed $2,600, jumping 6.75% in 24 hours.

According to market data from BIT (bit.com), optical communication concept stocks performed strongly in early US stock trading: Pure Photonics ETF FOTO rose 2.82%; Marvell Technology (MRVL) rose 3.75%; Applied Optoelectronics (AAOI) rose 3.67%; Lumentum Holdings (LITE) rose 1.51%; Coherent Corp. (COHR) rose 3.56%; Ciena Corporation (CIEN) rose 3.69%; Fabrinet (FN) rose 2.30%; AXT Inc. (AXTI) rose 3.89%; and Nokia (NOK) rose 2.50%.