Yesterday’s Biggest Headlines

Crypto Market Watch

1. Bitcoin opened at $63,912.50 on Tuesday, down 1.4% from Monday's opening price, as markets waited for this week's U.S. inflation reports. Yahoo Finance reported that Ether also opened lower, leaving both major cryptocurrencies exposed to the next move in rate expectations.

2. The U.S. Securities and Exchange Commission scheduled an August 14 open meeting to consider "Regulation Crypto," a proposal addressing certain digital-asset offerings and investment contracts. The SEC agenda put crypto issuance rules back at the center of the U.S. regulatory debate.

3. Russia's central bank published a draft framework that would allow non-qualified investors to buy Bitcoin, Ether and USDT through regulated brokers, subject to an annual limit of 300,000 rubles. Decrypt reported that the proposal would expand access while keeping restrictions on other digital assets.

4. eToro said July crypto trades fell 73% from a year earlier, while the amount invested per crypto trade dropped 50%. The company's official results also showed second-quarter net contribution rising 9% to $229 million, highlighting the gap between its broader platform growth and weaker crypto activity.

5. Trump Media reported a second-quarter net loss of $238.1 million, up from about $20 million a year earlier, largely because of unrealized losses on cryptocurrency assets. Reuters said quarterly revenue rose to $1.7 million from $0.9 million.

Equity Market Moves

6. Wall Street ended lower as optimism over a U.S.-Iran agreement faded and large technology stocks weakened. Reuters reported that the S&P 500 fell 0.32%, the Nasdaq dropped 0.60% and the Dow declined 0.34%, while the energy sector gained 1.1%.

Commodities Watch

7. Oil prices swung as hopes for progress over the Strait of Hormuz gave way to renewed uncertainty. Fortune reported that the market remained focused on whether the shipping route would reopen, keeping energy-driven inflation risk in view.

8. Gold stayed close to $4,400 before the U.S. inflation release. USA Today put spot gold at $4,382.35 an ounce at 12:05 p.m. ET, showing continued demand for defensive assets despite the day's modest pullback.

Today's Watchlist

• The U.S. CPI release and its effect on Federal Reserve rate expectations
• Whether Bitcoin can reclaim $64,000 after Tuesday's decline
• Any further detail on the SEC's August 14 Regulation Crypto proposal
• Follow-through from Russia's draft rules for regulated crypto access
• Oil's response to new developments around the Strait of Hormuz
• Whether gold can hold near $4,400 as the dollar and Treasury yields react to CPI

edgeX Market Lens

Wednesday's setup turns on inflation. A softer CPI reading could ease pressure on yields and help Bitcoin and growth stocks recover, while a firm print could reinforce demand for the dollar and keep risk assets defensive. Oil remains the complication: persistent shipping uncertainty can lift inflation expectations even if other price pressures are cooling. Gold's position near $4,400 shows that demand for protection has not disappeared.

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