Let’s attempt to reply why the crypto market is down in the present day. Yesterday, the U.S. Producer Worth Index (PPI) for July rose 0.9% month-over-month and three.3% year-over-year, far above forecasts of 0.2% and a pair of.5%. It was the most important month-to-month leap since June 2022, fueled by rising service prices in equipment wholesaling, portfolio charges, hospitality, and freight, alongside larger costs for greens and meat. The upper-than-expected knowledge renewed inflation issues, dampening hopes for a Federal Reserve price reduce and prompting merchants to reassess the perfect crypto to purchase in a extra risk-off surroundings.
BRUTAL: Producer Worth Index (PPI) surges to three.3% YoY in July, far exceeding expectations. Core PPI up 3.7%. Trump’s tariffs on imports are driving up wholesale prices, signaling even larger costs for customers.
— MeidasTouch (@MeidasTouch) August 14, 2025
Crypto markets reacted instantly. Bitcoin slid 5.88% to beneath $117,200, down from current all-time highs, whereas Ethereum fell almost 7%, briefly dipping beneath $4,500. Meme cash took the heaviest hit: PEPE, SPX6900, and Fartcoin every plunged over 10%, dragging the sector down 8.62% in 24 hours. XRP dropped 6.4% to $3.12. Over $1 billion in lengthy positions have been liquidated inside an hour.
(BTCUSDT)
On the identical time, some initiatives nonetheless pumped. SKALE surged almost 48%, standing out in an in any other case crimson market.
EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now
PPI Outpaces CPI – Ought to Crypto Traders Fear or Hunt for the Greatest Crypto to Purchase?
CPI displays client costs, whereas PPI measures manufacturing prices. When PPI rises quicker than CPI, it pressures revenue margins and alerts potential inflation: usually bearish for equities. For crypto, the hyperlink is weaker. As a high-volatility, risk-on asset class, market drivers similar to robust narratives, retail FOMO, and memecoin hypothesis can outweigh macro headwinds.
In 2021, for instance, PPI climbed sharply but BTC and ETH continued a parabolic rally, supported by liquidity and institutional inflows.
Bitcoin has reclaimed $118K, Ethereum is again above $4.6K, and the market temper leans towards shopping for yesterday’s dip. So, what are the most recent crypto updates for August 15?
Federal Reserve to Finish Particular Crypto and Fintech Oversight Program
The Federal Reserve introduced it’s going to droop its “Novel Actions” supervision program, which monitored banks participating in crypto and fintech actions. Launched to supervise rising banking practices not totally lined by conventional guidelines, this system offered further steering and scrutiny for banks exploring digital belongings and revolutionary monetary applied sciences.
With this system ending, banks will now not obtain this specialised oversight, although they continue to be topic to plain regulatory necessities. The transfer alerts a shift within the Fed’s strategy to supervising crypto and fintech, probably giving banks extra flexibility whereas sustaining core security and compliance requirements.
SharpLink Studies Q2 2025 Outcomes, Now Holds 728,804 ETH
MINNEAPOLIS, Aug. 15, 2025 – SharpLink Gaming reported Q2 2025 outcomes and updates on its ETH treasury technique. Since adopting Ether as its major treasury asset in June, SharpLink has raised over $2.6 billion, acquired 728,804 ETH, and staked almost all holdings, producing 1,326 ETH in rewards. The corporate additionally elevated its ETH Focus metric by 98%, reflecting environment friendly accumulation.
SharpLink strengthened its management with Ethereum co-founder Joseph Lubin as Chairman and former BlackRock govt Joseph Chalom as Co-CEO, partnering with Consensys for strategic help. Q2 income was $0.7 million, with a web lack of $103.4 million, largely from non-cash inventory compensation and a $87.8 million impairment on staked ETH.
USELESS Memecoin Will get Binance Futures Itemizing After Coinbase and Binance US
Binance Futures will record the USELESSUSDT perpetual contract on August 15 at 20:15 (UTC+8), providing as much as 50x leverage. This itemizing follows current bulletins from Coinbase and Binance US, which have already boosted USELESS’s visibility and buying and selling quantity.
As the most important memecoin by market cap launched on Bonkfun, USELESS has shortly attracted consideration within the crypto group. With a number of main change listings in such a short while, USELESS is cementing its presence as a number one solana memecoin within the present market.
$6 Billion in BTC & ETH Choices Expire on August 15
On August 15, $6 billion price of crypto choices expired, representing about 9% of whole open curiosity. For Bitcoin, 39,000 choices expired with a Put/Name Ratio of 0.95, a Max Ache at $118,000, and a notional worth of $4.6 billion. Ethereum noticed 280,000 choices expire, with a Put/Name Ratio of 1.04, a Max Ache at $4,000, and a notional worth of $1.3 billion.
BTC not too long ago hit a brand new excessive, whereas ETH reached an all-time excessive close to $4,800, with market sentiment extraordinarily optimistic. Deribit set a milestone this week, processing $10.9 billion in choices buying and selling in a single day, its first after acquisition. BTC’s implied volatility stays low, beneath 35% for short- and medium-term choices, whereas ETH’s main-term IV sits close to 70%.
OKX Executes Huge OKB Burn, Provide Now Capped at 21 Million
In response to Etherscan data, OKX’s official buy-back and burn pockets completely eliminated 279 million OKB tokens from circulation in the present day at 14:00 (UTC+8). The tokens have been despatched to the blockchain’s null tackle (0x00…0000), marking a verifiable on-chain burn. This transfer reduces the whole OKB provide to only 21 million tokens, aligning it with Bitcoin’s capped mannequin and probably rising shortage for holders.
The publish Latest Crypto News, August 15 – Why Is Crypto Down Today? U.S. July PPI Surges, Triggers Crypto Market Sell-Off: Best Crypto To Buy During This Dip? appeared first on 99Bitcoins.
