Live updates: Bitcoin sinks to $77,000 as CPI lands with hike odds near 70%

Metaplanet CEO Simon Grovich has issued a letter to shareholders stating that the board of directors has decided to adjust the subscription rights for the 10th series of shares, cancel 41% of the related shares, reset the conversion ratio to 1:410, and cancel over $220 million worth of warrants. This adjustment has resulted in a complete dilution of the company's Bitcoin holdings per share, increasing by approximately 8.8%. Unconvested warrants will be exercised in batches from 2029 to 2031, and the originally planned 20% employee incentive pool warrants will be cancelled.

Metaplanet announced the establishment of a wholly-owned subsidiary, Metaplanet Asset Management Asia Limited, as a trading execution and asset management hub in Asia, with an initial investment of $1 million, expected to be established in September 2026. The subsidiary will operate in collaboration with Metaplanet Asset Management Inc. in Miami, USA, responsible for risk management services such as executing asset buying and selling transactions during the Asian time slot, monitoring positions and market dynamics, with Bitcoin, Bitcoin related stocks, and preferred securities issued by Bitcoin Treasury as the main investment targets.

The head of Russia's largest bank stated that the Central Bank of Russia is collaborating with the Reserve Bank of India to establish a bilateral trade settlement mechanism for digital currencies, with the aim of accelerating cross-border payment speeds and improving efficiency. Russia launched the digital ruble on September 1st; India will pilot a central bank digital currency in 2022 and it has been used in some government projects. The Kremlin stated that Russia will raise the issue of digital currency trade settlement at this week's BRICS summit in New Delhi, and India supports the initiative.

Prior to the release of CPI, the probability of the Federal Reserve raising interest rates by 25 basis points in September on Polymarket rose to 61%, with an increase of 8% in 24 hours; The probability of remaining unchanged drops to 40%, with a decrease of 8% within 24 hours. The US Department of Labor will release August CPI data tonight at 20:30 (UTC+8). The market expects the overall CPI to rise by 0.4% month on month and 3.4% year-on-year, while the core CPI is expected to rise by 0.2% month on month and 2.4% year-on-year. The last time the Federal Reserve raised interest rates was on July 26, 2023, with a 25 basis point hike, raising the target range for the federal funds rate to 5.25% -5.50%. (Source: Federal Reserve) AI interpretation: On the eve of the release of CPI data, the market significantly raised expectations of interest rate hikes through gambling platforms, reflecting investors' extreme anxiety about the rebound of inflation. This emotional fluctuation directly increases the sensitivity of short-term interest rate pricing, indicating that the market's confidence in the Fed's policy shift is wavering. The current flow of funds indicates that risk aversion is dominant, and investors are hedging against the risk of inflation exceeding expectations by betting on interest rate hikes. This drastic adjustment in expectations indicates that the financial market will face significant volatility pressure after tonight's data release.

Unipcs (2heJ... LDogF) purchased 27.9 million EMBERs using SOL and USDC worth $300000, and subsequently the EMBER market value increased from $11 million to $30 million.