Market SitRep · CW38 2026 · Monday
The EU stamp is already in the passport, and CPI still sits on the Fed's table.
by Fenris | Market Intelligence
GM!
Market snapshot (live vs ~7d, as-of 14 September 2026, 08:07 UTC):
| Asset | Price | ~7d |
|---|---|---|
| BTC | $77,741 | -3.22% |
| ETH | $2,517.43 | +0.14% |
| SOL | $101.42 | -4.76% |
| PAXG (Gold) | $4,318.60 | -2.31% |
Kraken already has the EU stamp. 2027 is the tax letter.
As known, Kraken's EU company, Payward Europe Solutions Limited, got its MiCA licence, the EU crypto-venue permit. Unlicensed venues lost the right to serve EU residents after 1 July 2026.
DAC8, the crypto tax-reporting rule, has been collecting 2026 trades since 1 January, with first files in 2027 and EU exchange by 30 September 2027. The AML rulebook applies 10 July 2027: privacy coins off those lists, extra checks on self-hosted transfers. Your own wallet does stay legal. The Travel Rule, name-sharing on transfers, has been live since 30 December 2024, and need filing once private EU consumers send funds through their off-ramp accounts like Kraken.
Why it matters: if you use an EU-bound venue, the door is already stamped. Next year that venue files you.
Sources
- Kraken MiCA licence, Central Bank of Ireland
- ESMA MiCA page (1 July 2026 transitional)
- Commission DAC8
- CBI MiCAR FAQ (passport)
- AMLR Regulation (EU) 2024/1624
- Travel Rule Regulation (EU) 2023/1113
CPI printed firmer. +0.4% into the FOMC.
The Bureau of Labor Statistics, the US inflation office, released August CPI on Friday 11 September at 8:30 ET. CPI is the main US inflation gauge. The all-items index rose +0.4% on the month after +0.1% in July, and +3.4% over the year. Prices excluding food and energy were up +2.4% from a year earlier.
The print is already on the table, and the FOMC, the Fed's rate-setting meeting, still sits down 15-16 September.
Why it matters: a firmer CPI can keep pressure on risk assets.
This is mixed, with the FOMC still ahead. We remain in range mode.
We will keep eyes on the 15-16 September FOMC.
Sources
Conclusion
From these points we conclude:
Kraken licensed, 2027 files you
The EU licence is already in, and next year the venue reports the private user.
Firmer CPI into the FOMC
August CPI picked up to +0.4% on the month, and the Fed still meets 15-16 September.
GM.
Software and engineering services. Not financial, tax, or investment advice.