PANews reported on September 12th that, according to SoSoValue data, last night's US August CPI data met expectations, but initial jobless claims hit a four-year high, prompting market bets on three interest rate cuts this year. Driven by multiple positive factors, crypto market sentiment remained buoyant today, with major sectors maintaining their upward trend. BTC rose 1.30%, breaking through $115,000; ETH rose 3.10%, briefly exceeding $4,500. The RWA sector rose 4.41%, while ONDO and KTA rose 9.78% and 10.72%, respectively. The meme sector rose 3.46%, with DOGE up 5.70%; the Layer 2 sector rose 1.96%, with MNT up 5.21%; and the Layer 1 sector rose 1.74%, with SOL up 3.53%.


Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more
