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It’s time for Yahoo! Finance’s market minute. Stocks are jumping after the July Consumer Price Index came in mostly in line with expectations, boosting bets for a rate cut in September. Ethereum is moving higher on the back of a couple of headlines. First, Circle announced its new blockchain, which will run on an Ethereum virtual machine compatible network. Plus, Ethereum Treasury Company Bitmine immersion plans to issue $20 billion worth of stock to buy more of the cryptocurrency. Meta shares are also popping today, hitting a fresh all-time high. The tech giant stock is up over 34% since the start of the year, as the company has doubled down on its AI growth efforts, scooping up talent from competitors, and planning to spend $72 billion in capex this year. And Pony.ai, falling by more than 7%, shares of the Toyota-backed robotaxi company initially rose on the back of second quarter earnings. Now the company says it’s on track to reach its full its year-end vehicle output goal, but shares now down. And that’s your Yahoo! Finance market minute.