Solar Eclipse Sends UK Prices Soaring as Crypto Markets Wobble

The UK experienced its largest solar eclipse in 30 years, causing a significant drop in solar generation and pushing electricity prices to over £211/MWh.

Global markets saw some positive news, with July's CPI print revealing that headline CPI cooled to 3.4% (from 3.5%) and core eased to 2.5% (from 2.6%), both matching consensus.

The S&P 500 and Nasdaq climbed to fresh records on lower Fed-hike odds and strong earnings, while crypto barely moved, with BTC dipping slightly below $64,000 after the CPI print.

However, not all was well in crypto land, as the SEC cancelled its Friday vote on 'Regulation Crypto,' a tailored offering regime meant to let crypto projects raise capital without triggering full securities registration.