Germany's inflation edged higher, strengthening the European Central Bank's case for raising interest rates.

Cronos Network has officially announced that it has resumed block production and full operation. Prior to this, Cronos suspended block production following a vulnerability exploit incident involving the Tectonic protocol. Validators implemented emergency consensus measures to protect user funds, rolling back the chain state to a point before the Tectonic exploit on August 30. The network resumed block production at 23:49:01 UTC on August 30, starting from block height 90,896,189. Cronos noted that node operators can now restart their nodes using Cronos v1.7.8 and the latest mainnet snapshot. The network remains under continuous monitoring, with some protocols, RPC providers, block explorers, and cross-chain bridges expected to take longer to fully recover. Cronos added that its team will release a full incident review report once network stability is confirmed.

MediaTek stated that Alphabet (GOOG.O), one of its long-term artificial intelligence infrastructure partners, participated in the company’s record $3.9 billion overseas convertible bond offering.

A senior Iranian source stated that whenever the United States launches an attack on Iran, Tehran will respond with a retaliation "dozens of times larger than the attack". Iran's retaliation against the U.S. strike on Larak Island demonstrates that "no target in the region is beyond Tehran's strike range". The situation in the Strait of Hormuz will grow more severe for vessels violating Tehran's rules. Recent hostilities remain a "limited and controllable confrontation" between Iran and Washington. (Jinshi)

Bitmine Chairman Tom Lee posted that the firm has acquired 5.9 million ETH, leaving it just 100,000 ETH short of its goal to hold 5% of the circulating supply. Today’s report notes that Bitmine announced it added 53,501 ETH last week, bringing its total holdings to roughly 5.901 million ETH.

According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.39%, the S&P 500 index down 0.26%, and the Nasdaq down 0.15%. Intel (INTC.O) rose 1.8% following earlier reports that SK Hynix is seeking a partnership for chip production.

According to Lookonchain’s monitoring, an address starting with 0xF626 received 102,913 ETH (worth $248.6 million) from multiple wallets 11 hours ago. It deposited 2,858 ETH (worth $7 million) into a trading platform 20 minutes ago. The whale currently holds 100,055 ETH, valued at $241.6 million.