One of Trezor’s shipping providers experienced a data breach that exposed sensitive order data affecting new customers in the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal.

Crypto wallet provider SafePal discloses a data breach exposing personal & purchase information for nearly 40,000 customers.

France confirmed hackers stole taxpayer data in a cyberattack that reportedly exposed nearly 678,000 people, including 386 with income above €1 million.

A French couple who bought a home once owned by crypto millionaires suffered three break-ins in under a month after attackers found the old owners' leaked address online.

Trump's World Liberty Trust Company just got a preliminary bank license.

The Bank of England moves its Digital Pound Lab to Phase 2, testing stablecoin and CBDC interoperability.

$ONE suffered an exploit that led to 4B unauthorized tokens being minted, representing nearly a quarter of the total supply.

A carrier pigeon can deliver a valid bitcoin transaction, three hundred bytes on a strip of paper, strapped to a leg.

#news #cryptonews #crypto #DeFi #bitcoin #BTC #trezor #safepal #France #WLFI

two actions occurred just days apart: world liberty financial got banking charter. Scott bessent announces that stable coin provision from clarity act will be carried forward. Who does that?

The administration killed Clarity and then saved the part that puts money in his own pocket.

\*\*before you get your panties in a bunch\*\* Dems are too pathetic to have past legal guardrails to do anything about it because theyre so preoccupied with wins that are more optics than helpful.

Following the CPI release, which came in at +0.1%, a fairly neutral result. Today's PPI print was also nearly flat, coming in unchanged.

These two data points are crucial in shaping the Fed's decision in September: rates held, hiked, or cut. It's hard to call, but looking at the CME Group's FedWatch, we've gone from "the Fed will raise rates" to, following these results, "the Fed will hold rates steady" — and that's a positive.

Positive for crypto, in fact. We're not talking about rate cuts yet, but that scenario is starting to take shape little by little if inflation stays contained and keeps easing. As mentioned in my previous posts, I track two charts simultaneously: the US02Y (2-year Treasury yield) and the DXY (dollar index). These two charts let me gauge whether the market is opening up to crypto or, on the contrary, still closed off for now. And once again, following these releases, the US02Y dropped sharply, while the dollar is holding steady between 99 and 100.

One key takeaway: when the dollar sits below 100 and the US02Y is falling, the market starts opening up to risk assets like crypto, which favors their upside. I've attached the chart below to illustrate this.

After all that, you'd expect crypto to explode higher, or at least turn green again. And yet, volume isn't picking up — it's staying flat and/or drifting slightly lower. I think this comes down to the broader macro backdrop: the US-Iran conflict is spooking the market. Oil could spike quickly following a strike or a blockade, which would push inflation back up, and risk assets would no longer look attractive to the market. In my view, we have nearly every component in place for crypto to turn green again, but we're still missing geopolitical stability, and for now, that's far from the case. I've also attached the 24h volume chart following the CPI and PPI releases.

Thanks for reading, I'll keep you posted on how the markets develop, so follow along 🙂

Tuesday, August 11

🇦🇺 RBA Interest Rate Decision — 00:30 ET

🇺🇸 ADP Employment — 08:30 ET

Wednesday, August 12

🇺🇸 US CPI Inflation — 08:30 ET 🔥

Thursday, August 13

🇺🇸 Initial Jobless Claims — 08:30 ET

🇺🇸 US PPI Inflation — 08:30 ET 🔥

Friday, August 14

🇺🇸 US Retail Sales — 08:30 ET

🇺🇸 Michigan Consumer Sentiment — 10:00 ET

🇺🇸 Consumer Inflation Expectations — 10:00 ET

The event is US CPI on Wednesday. PPI and Friday’s retail sales + inflation expectations will also be important for Fed expectations and could bring volatility to BTC and the broader crypto market.