The U.S. Labor Department reported the Producer Price Index rose 5.4% year over year, slightly above the 5.3% consensus, while core PPI returned to positive growth on a monthly basis. After the release, expectations for another Federal Reserve rate hike strengthened, with the implied probability rising to 74%. Bitcoin fell about 2.7% to $77,300, Ethereum dropped about 2.1% to $2,450, and XRP slid about 3.9% to $1.37.

Prediction market Kalshi has filed with the U.S. Commodity Futures Trading Commission to self-certify perpetual futures tied to gold and silver, aiming to list them on September 9. The contracts would have no expiry date and are slated to trade 24/7 with no scheduled market closures. Kalshi had previously asked the CFTC to review precious-metals perpetuals under a slower regulatory approval process. The move extends Kalshi’s perpetuals lineup beyond crypto into traditional precious metals.

SpaceX completed an unlock of 319 million shares on September 9. Another 59 million shares are expected to be released on September 10. The market is watching how the total $56.3 billion unlock could affect the stock price. Earlier in August, more than 900 million shares were unlocked in batches.

Hyperliquid Strategies expanded its Chardan committed equity facility to $2.5 billion from $1.0 billion, adding $1.5 billion of potential fundraising capacity. The company has already drawn $646.6 million and used it to buy 29.3 million HYPE tokens, while also completing PURR buybacks. Through June 30, 2026, it had issued roughly 76.06 million PURR shares under the original facility.

Regulatory filings dated Aug. 27–28 list ProShares Trust’s ProShares XRP ETF and ProShares Ultra XRP ETF (UXRP) as registered fund series. A separate amended filing from Morningstar Funds Trust again references the Cyber Hornet S&P 500 & XRP 75/25 Strategy ETF. The documents place XRP-linked products alongside other crypto offerings such as Ultra Solana and the CoinDesk 20 Crypto ETF, with an expense ratio of 1.67% and assets in the roughly $40 million to $55 million range, according to the filings.

Hyperliquid’s HYPE token rose 5.09% over the past 24 hours to $85.33, while Hyperliquid Strategies (PURR) shares gained 19.64% to $13.83. The company raised about $646.6 million through equity financing in the fiscal year ended June 30, issuing PURR at an average price of $8.70. By August 19, it had deployed roughly $773.4 million to buy HYPE tokens and repurchase shares, including about 16.5 million HYPE bought at an average price of $46.77.

BitMine Immersion Technologies bought about $79 million worth of Ethereum, lifting its total holdings to 5,847,611 ETH, or 4.8% of Ethereum’s total supply, close to its 5% target. The company has been adding ETH on a weekly basis since launching its ETH Treasury Strategy on June 30, 2025. The latest purchase helped push BMNR shares up 7%.

Strategy (MSTR) rose 6% to $118 on Aug. 21, extending its five-session gain to 27%. The total crypto market cap climbed from $2.1 trillion on Aug. 19 to $2.5 trillion, while Bitcoin moved above $79,000 for the first time since May 2026 and surpassed Meta in market-cap rankings. Other crypto-linked stocks also advanced, with Coinbase (COIN) up 6.81% to $184 and Circle (CRCL) up 7% to $89.

Circle (NYSE: CRCL) shares fell 3.83% on Aug. 19, closing at $71, even as its euro stablecoin EURC supply rose 100% year over year to €400 million. USDC posted $849 billion in transaction volume in July, accounting for 62% of total stablecoin volume that month. Since Aug. 3, CRCL is still up 22% amid continued buying by ARK Invest.