Fully in line with expectations! Full text of the U.S. July CPI report: Year-on-year growth narrows to 3.4%, with falling energy prices as the main drag

In July, the U.S. Consumer Price Index (CPI) rose 0.1% month-on-month and 3.4% year-on-year, while core CPI eased to 2.5% on an annual basis. The decline in energy prices was the primary drag, whereas housing costs still accounted for approximately two-thirds of the overall monthly increase. Below is the full text of the CPI report.

Golden10 DataAug 12 20:43

The “anchor of global asset pricing” reaches a critical juncture! A dovish surprise in the U.S. CPI could trigger short covering in U.S. Treasuries, thereby fueling the rally in risk assets.

Wall Street remains divided on whether the Federal Reserve will raise interest rates next month, but Wednesday’s inflation report will determine the Fed’s next move. Traders assign roughly a 50% probability to a 25-basis-point rate hike, while stronger-than-expected economic data could increase the likelihood of a rate increase.

Zhitong FinanceAug 12 18:04

Cold wallet attacks spark concerns over self-custody, driving funds toward institutional-grade products; Bitcoin ETF weekly inflows hit a four-month high

Last week, U.S. Bitcoin ETFs recorded over $850 million in inflows, marking their strongest single-week performance since April. The catalyst for this surge was a hack targeting Coldcard wallets operated by Canada-based Coinkite, resulting in the theft of approximately $130 million worth of Bitcoin. This incident has shaken investor confidence in the security of cold wallets, prompting some to shift toward institutional products to gain BTC exposure.

wallstreetcnAug 11 04:14

Strategy continues to sell coins! Last week, it sold $110 million worth of Bitcoin and reduced its holdings of common stock by $650 million.

Strategy stated on Monday that during the seven days ended August 9, the company sold $108.6 million worth of Bitcoin, reduced its common stock holdings by 6.6 million shares, raising approximately $653 million in cash; meanwhile, the company repurchased $108.6 million worth of Stretch preferred shares. Strategy currently holds approximately $58 billion in Bitcoin and has $4.65 billion in cash reserves.

wallstreetcnAug 11 00:57

CME hedge funds turn bullish on Bitcoin in a rare move, with institutions betting on price gains

The CEO of CryptoQuant noted that, influenced by inflows into spot ETFs, CME hedge funds have unwound their carry trades and, in a rare move, turned net long on Bitcoin futures, signaling rising institutional bullish sentiment—though the sustainability of this trend remains to be seen.

Zhitong FinanceAug 10 16:44

The Senate has decided to postpone the vote on the Clarity Act until September.

August 7 — According to a report by Politico cited by crypto journalist Eleanor Terrett, the Senate has decided to postpone the vote on the Clarity Act until September.

Futu NewsAug 7 11:21