Yesterday’s Biggest Headlines

Crypto Market Watch

1. Bitcoin slipped 0.4% to $63,322 and headed for a third straight daily loss as hopes for a clean upside breakout faded. MarketWatch said Bitcoin had moved back below its 50-day moving average and a downtrend line it briefly cleared last Friday, weakening the short-term technical signal for crypto risk.

2. July U.S. inflation eased to 3.4% year over year, while core CPI rose 0.2% month over month and 2.5% year over year. The Wall Street Journal reported that the softer inflation picture gave the Federal Reserve more room to hold rates steady, a macro backdrop that usually matters for Bitcoin, Ether and high-beta crypto assets.

3. The SEC's August 14 open meeting kept U.S. crypto rulemaking on the near-term calendar. The agency's official agenda lists Regulation Crypto, a proposal covering certain digital-asset offerings and investment contracts, keeping issuance and compliance questions at the center of the U.S. market structure debate.

4. Ether traded below $1,900 as the broader crypto market stayed volatile around U.S. inflation data. The Economic Times reported that Bitcoin was near $63,906 and Ether was around $1,871 on August 11, showing that the pressure was not limited to Bitcoin alone.

5. Tether's gold strategy became part of the wider crypto-liquidity discussion as bullion traded near recent highs. Barron's reported that Tether bought more than 27 metric tons of gold in the first half of 2026, while Tether's XAUt reserves page lists 707,747.139 fine troy ounces of gold reserves backing its tokenized gold product.

Equity Market Moves

6. U.S. stocks finished mixed-to-higher as AI infrastructure names helped offset broader caution after the CPI report. AP reported that the S&P 500 rose 0.3% to 7,748.50, the Nasdaq gained 0.5% to 26,588.49, and the Dow slipped less than 0.1% to 53,770.27.

Commodities Watch

7. Oil markets remained highly sensitive to the Strait of Hormuz standoff after the International Energy Agency warned that inventory buffers were being depleted. The Guardian reported that the IEA again cut supply estimates and said risks remained substantial while transit through key shipping routes stayed uncertain.

8. Gold stayed firm as traders balanced cooler U.S. inflation against geopolitical and energy-market risk. The Guardian reported that spot gold traded around $4,414.63 an ounce before the CPI release, close to a two-month high.

Today’s Watchlist

• The July PPI release and whether producer-price data confirms or complicates the softer CPI signal
• Whether Bitcoin can recover the $64,000 area after losing short-term breakout momentum
• Follow-up positioning before the SEC's August 14 Regulation Crypto meeting
• Whether Ether can reclaim $1,900 if Bitcoin stabilizes after its failed breakout attempt
• AI infrastructure earnings momentum and its spillover into broader risk appetite
• Oil's reaction to any new signal on Strait of Hormuz shipping access
• Whether gold can hold near recent highs if Treasury yields and the dollar stabilize

edgeX Market Lens

Thursday’s setup is less about one CPI print and more about confirmation. A soft PPI reading could strengthen the case that inflation pressure is cooling, helping risk assets breathe after a choppy start to the week. A hotter reading would make Wednesday's relief look fragile and could keep Bitcoin pinned below the levels it failed to hold after last Friday's breakout attempt.

For crypto traders, the key split is between macro relief and market structure. Equities responded well to cooler inflation and AI earnings, but Bitcoin still needs follow-through above nearby technical levels before the risk-on story looks convincing. Ether's move below $1,900 shows that traders are still cautious on broader crypto beta, while Tether's gold exposure is another reminder that stablecoin liquidity, real-world assets and safe-haven demand are increasingly connected.

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