and brett harrison with the upgrade of ethereum this week. let's get to mike santoli. what are you watching ahead of tomorrow's big inflation number? >> similar dynamics to last week, the upside on stocks is coming along with u.s. dollar backing off a little bit, yields are calming down the sense that the fed's hawkish message, which has been consistent and emphatic is mostly been absorbed, at least for the short term, if in fact tomorrow's number shows the peak inflation story still has some credence hanging around the 4100 mark on the s&p 500. you see it's kind of midway between that august 15th or 16th high and then the recent lows. i find it interesting. we also went from 3900 right up to 4100. that line is right before the last cpi report, august 10th you got a little indigestion and then continued on higher and more hawkish fed speak and consolidation brought the number down again a very similar move in advance of this month's cpi, just like last week's. we'll see what the numbers give us take a look at financial conditions we know part of the fed's project is tr

ftx's president, brett harrison has also stepped down to transition to an advisory role. seen a ton of turnover in crypto since the downturn. last week, ceo jesse powell announced his resignation. coming up, strike ceo, jack on his fresh funding for the mobile platform. this is bloomberg. ♪ ed: strike has struck $18 million in new funding. the mobile payment platform, which uses the bitcoin lighting network, played a big role in the bitcoin push. the partnership and wants new ones. let's bring in strike ceo jack mallers. what are you going to use that pile of cash for? >> thank you. i appreciate berg -- bloomberg for having me back. what will i use the money for? to improve payments. we think lighting hour and bitcoin is the broadest stroke of innovation in the history of payments. it is one of the biggest industries in the world. it's a cool moment. we have our work cut out for us. there's a lot to do. to solve payments globally. ed: take me back to basics what is the lightning network? it's for the audience to know what it is that your underlying your company does. jack