US August CPI Data Due at 20:30 Beijing Time

This print lands in a market already conditioned to read each CPI release as a direct input into Fed expectations, which is why the timing matters more than the number itself. For crypto and RWA desks, the practical relevance is through the rates channel: a hotter or cooler reading shifts the perceived path for policy, and that transmits into dollar strength and risk appetite well before any digital-asset-specific catalyst. Whether this release meaningfully resets the near-term rate narrative, or is absorbed as noise ahead of the Fed's decision, is the open question.