Big Events This Week｜Sept 7 - Sept 13 **Sept 7｜U.S. Labor Day** U.S. stock market, bond market, and ETFs are closed. Even if Crypto sees a breakout today, it lacks confirmation from U.S. stocks and spot ETF funds. **Sept 8｜U.S. Markets Resume Trading** After the holiday, TradFi funds return to the market. Focus on BTC and ETH spot ETF fund flows to verify whether the weekend/holiday Crypto rally has traditional capital stepping in. **Sept 10, 8:30 PM｜U.S. August PPI** The first checkpoint for inflation. After a stronger-than-expected non-farm payroll report, if PPI also exceeds expectations, the market's anticipation of Fed easing in September might cool further. **Sept 11, 8:30 PM｜U.S. August CPI** The most important data this week. The market already knows employment is solid, but what really determines the Fed's next move is whether inflation is re-accelerating, especially core CPI. **Sept 12-13｜Market Repricing for FOMC** After CPI and PPI are released, the interest rate market will reprice for the September FOMC. Key indicators to watch: U.S. Treasury yields, the Dollar Index, the probability of Fed rate cuts/holds, and whether BTC can hold its price under macro pressure. Next stop: **Sept 15-16 FOMC**, and **Sept 16 Circle Arc public mainnet launch**. In other words, this week's PPI + CPI are setting the stage for the two major events next week.