The Producer Price Index (PPI) cooled to 2.6% year-over-year — its lowest reading since June. The figure undershot forecasts of 3.3% and fell from the prior 3.3%.
For August specifically, the index posted –0.1%, compared to expectations of +0.3% and July’s +0.9%.
Solana led gains among the top 10 cryptocurrencies by market capitalization, rising 3% to $223 and briefly touching $225 — its highest level since January.
BNB also jumped 2.6%, setting a fresh all-time high above $900. The rally followed news of a strategic partnership between crypto exchange Binance and U.S. investment giant Franklin Templeton, which oversees $1.6 trillion in assets.
The collaboration aims to create new digital asset solutions, combining Franklin Templeton’s tokenization expertise with Binance’s infrastructure.
“Our partnership with Binance will enable us to roll out innovative products that meet global capital market standards and co-develop next-generation investment portfolios,” said Roger Baston, Executive Vice President at Franklin Templeton.
Further details on the initiative and upcoming product launches are expected later this year
Looking ahead, the focus shifts to U.S. Consumer Price Index (CPI) data for August, due September 11. According to Unity Wallet COO James Toledano, these numbers could prove decisive for the Fed’s next rate decision.
“Lower readings typically fuel optimism about monetary easing and lift crypto markets, while stronger figures tend to trigger corrections. Historical trends show just how sensitive digital assets are to inflation data as a policy signal,” he explained.