Ahead of the U.S. July CPI release, the U.S. 10Y Treasury yield stood at 4.668% and the DXY stood at 99.83. BTC traded at $64,122 and ETH at $1,909.96; gold traded at $4,472 and silver at $66.52. The evening update added spot BTC ETF flows, Fidelity ETH ETF product changes, the Harmony on-chain incident, and U.K. derivatives trading expansion.
1. U.S. July CPI due, 10Y Treasury yield at 4.668%
U.S. July CPI is scheduled for release on Wednesday, with Treasury yields, the dollar index, and major risk assets tracked together. The U.S. 10Y Treasury yield stood at 4.668%, the DXY stood at 99.83, and BTC traded at $64,122. Options data showed traders reduced hedge positions, while Kalshi rate contracts recorded higher rate bets.
Assets to watch: BTC SPX500 NAS100
2. Gold trades at $4,472, silver rises 2.44%
Gold futures traded at $4,472, up 0.70% on the day. Silver rose 2.44% to $66.52. WTI crude traded at $83.17 and Brent crude traded at $88.84, with energy prices slightly lower than the morning snapshot.
Assets to watch: XAU XAG CL BZ
3. CoreWeave reports Q2 revenue of $2.58B
CoreWeave reported Q2 revenue of $2.58B. AI infrastructure backlog topped $100B, and shares rose 18% in pre-market trading. The evening update added earnings and backlog data, while CME had previously launched AI compute futures.
Assets to watch: CRWV
4. Spot BTC ETFs record $4.8862M net inflow
On August 11 U.S. Eastern Time, U.S. spot BTC ETFs recorded $4.8862M in total net inflows. BlackRock IBIT recorded $50.1956M in single-day net inflows, bringing IBIT's cumulative net inflows to $61.172B. This item uses single-day ETF flow data, separate from the weekly ETF flow cited in the morning report.
Assets to watch: BTC IBIT
5. Fidelity files for staking and quarterly payouts in ETH ETF
Fidelity filed with the SEC to add staking and quarterly distribution features to its nearly $900M Ethereum ETF. The filing covers staking reward distribution and quarterly payout arrangements. U.S. crypto ETF issuers continue to file for product feature expansions.
Assets to watch: ETH
6. CLARITY Act enters the September Congress window
The White House said it plans to place the CLARITY crypto regulation bill into the September Congress window. The SEC is also preparing an administrative path for a crypto regulatory framework if the bill is absent, covering digital asset issuance and registration routes. The CFTC also required Kalshi to continue operating prediction markets in New York.
Assets to watch: BTC
7. Bitmine buys $14M in ETH
Tom Lee's Bitmine bought another $14M in ETH, bringing cash reserves down to $104M. Strategy recorded a second consecutive weekly BTC sale over the same period, with the transaction tied to operating needs. The two disclosures show ETH accumulation and BTC sale activity across separate corporate balance sheets.
Assets to watch: ETH MSTR
8. Harmony discloses abnormal ONE minting incident
Harmony disclosed an on-chain incident in which an attacker minted 4B ONE through empty blocks without authorization, equal to about 26% of supply. The team said it is working with relevant exchanges to freeze funds and is reviewing fix and rollback options. An XRP bridge also disclosed a software issue that treated false deposits as real deposits, with about $200,000 in losses.
Assets to watch: ONE XRP
9. Coinbase launches up to 50x derivatives in the U.K.
Coinbase launched derivatives trading with up to 50x leverage in the U.K. MoneyGram also expanded crypto on-ramp and off-ramp services to Solana. Trading, payment, and on-chain access products continued to update across the U.K. and European markets.
Assets to watch: COIN SOL
Market Snapshot
BTC: $64,122 | ETH: $1,909.96
Gold: $4,472.0 | Silver: $66.52
WTI: $83.17 | Brent: $88.84
S&P 500: 7,728.2 | Nasdaq: 29,525.5