Crypto Market Sees Coinbase Transition and ECB Interest Rate Decision

This week saw significant developments in the cryptocurrency and financial markets. On Monday, US stock markets were closed due to Labor Day.

Canaan (CAN) released its earnings report on Tuesday, showing a value of -$0.14, while GameStop (GME) reported $0.06.

On Wednesday, Coinbase announced that it will transition its perpetual transactions from the Coinbase International Exchange to Deribit. The European Central Bank's interest rate decision is expected to be announced on Thursday at 15:15 UTC+3, with an expected value of 2.65%.

The US Producer Price Index (PPI) for August will also be released on Thursday, with expectations of a monthly increase of 0.3% and an annual increase of 4.5%. The core PPI is expected to show a monthly increase of 0.3% and an annual increase of 4.1%.

On Friday, the Central Bank of Russia will announce its interest rate decision, which is expected to remain at 14%. The US Consumer Price Index (CPI) for August will be released, with expectations of a monthly increase of 0.4% and an annual increase of 3.4%. The core CPI is expected to show a monthly increase of 0.2% and an annual increase of 2.4%.