🔥 Bitcoin heats up

What we’ll cover today:

📉 Inflation cools, Bitcoin heats up

⛳️ KuCoin signs golf champ Adam Scott

🚀 Oracle rallies 40% and eyes $1T cap

Inflation Chill Boosts Bitcoin 📈📉

Bitcoin and friends (Ethereum, Solana, BNB) are partying after the US inflation report came in cooler than expected.

🚨Breaking News: Producer Price Index fell in August, sparking bets that the Fed might cut rates by 0.50% next week.

⚡Wire Simplified –

• Bitcoin up 1.1%, Solana up 3.4%, ETH and BNB also climbed.

• US inflation slowed, PPI dropped from 0.7% to -0.1%.

• Analysts now expect a bigger Fed rate cut.

• Stock markets also jumped, S&P and Nasdaq hitting new highs.

• Open interest in crypto futures surged, liquidations dropped.

✔️Straight to the Point –
Lower inflation means markets are cheering. But the real test is next week’s Fed decision. Big cut or small cut?

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KuCoin Swings Big with Golf ⛳️

KuCoin just hired golf legend Adam Scott as its first-ever global brand ambassador. Yes, crypto is now on the golf course.

🚨Breaking News: KuCoin tapped 2013 Masters champion Adam Scott to lead campaigns, joining the $565M crypto sports sponsorship frenzy.

⚡Wire Simplified –

• KuCoin’s first global brand ambassador: Adam Scott.

• Sponsorship spending in crypto sports surged 20% YoY to $565M.

• Soccer and F1 dominate, but KuCoin bets on golf.

• Adam Scott = trust + precision, says KuCoin.

• Crypto.com, Coinbase, OKX still the biggest spenders.

✔️Straight to the Point –
Crypto is swinging into new sports. Golf may not be flashy, but KuCoin wants the trust game, not just hype.

Oracle & PPI Send Markets Flying 🚀

Oracle stock just had its best day since 1992, while the S&P 500 hit record highs thanks to cooling inflation.

🚨Breaking News: Oracle shares spiked 40% and S&P 500 rose 0.5% after PPI inflation dropped below expectations.

⚡Wire Simplified –

• S&P 500 hit new highs, Nasdaq up too.

• PPI fell 0.1% vs +0.3% forecasted.

• Oracle stock soared 40%, eyeing $1T market cap.

• Oracle backlog at $450B (Wall Street expected $180B).

• Bitcoin crossed $114k during the rally.

✔️Straight to the Point –
Oracle’s monster rally plus soft inflation = perfect recipe for risk assets. But can Oracle really sustain this $1T dream?