The cryptocurrency market experienced volatility this week as key economic indicators emerged with surprising results. The U.S. Producer Price Index (PPI) surged by 0.9% in July, leading to a drop below $119,000 for Bitcoin and a decline of 4% for Ether, reaching $4,550. This surge in PPI caused uncertainty in the market, prompting experts to analyze its potential impact on monetary policy adjustments. Meanwhile, Chicago Fed President Goolsbee advised caution before reducing interest rates, emphasizing the need for more inflation data analysis. Adding fuel to the debate, Treasury Secretary Scott Bessent announced the U.S. plans to increase Bitcoin holdings within its Strategic Reserve. The financial sector is also engaged in discussions regarding stablecoin regulations, with banking groups advocating for changes to the GENIUS Act and a call for improved rules on interest payments. Coinbase’s Paul Grewal has refuted any loopholes within the system. Market movements continue to be driven by major developments: Canary Capital has registered a Bitcoin ETF, pending SEC approval, aiming to track the TRUMP memecoin. TeraWulf’s shares surged significantly following a $3.7 billion AI compute deal with Fluidstack, backed by Google’s $1.8 billion investment and 8% stake. Coinbase and Mercuryo reduced USDC fees on MetaMask users’ transactions for the Base blockchain, following Circle’s plans to launch a USDC-native Layer 1.