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EUR/USD falls to multi-week lows near 1.1000 after US CPI data
EUR/USD stays under bearish pressure and declines to the 1.1000 area in the second half of the day on Wednesday. The data from the US showed that the core CPI rose 0.3% in August, surpassing the market expectation of 0.2% and supporting the USD.
GBP/USD remains under pressure, declines toward 1.3000
GBP/USD trades in negative territory below 1.3050 in the American session on Wednesday. The US Dollar stays resilient against its rivals and weighs on the pair after the latest data showed that the core CPI rose more than expected in August.
Solana could rally as Breakpoint conference approaches
With ten days to the Solana Breakpoint annual conference, the Solana network is experiencing heightened network activity. According to data from Artemis, Solana witnessed its highest single-day daily active address (DAA) growth on Tuesday after adding over 5.4 million new addresses.
Why Ethereum ETFs are underperforming amid rising ETH exchange reserve
Ethereum is up 1% on Tuesday as ETH exchange-traded funds continue underperforming with another day of outflows. The weak flows in ETH ETFs may be due to their historically weak Q3 performance.
ENS rallies following integration on PayPal
ENS Labs, the team behind the web3 domain naming system Ethereum Name Service, announced today that it has integrated its naming solution into PayPal and Venmo. Users of both platforms can now transfer their cryptocurrency using a domain name instead of a wallet address.