XRP trading could get spicy after CPI report as futures bets hit highest since October

Your day-ahead look for Aug. 12, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for Aug. 12, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
US consumer price inflation slowed to 3.4%, matching economist forecasts for the period. Both headline and core inflation figures came in as expected, offering no major surprises to markets. Bitcoin remained relatively stable, hovering near the $64,000 mark following the data release. Treasury yields moved lower in response to the inflation report. The figures suggest a continued gradual cooling of price pressures in the US economy.

Flight-tracking company FlightAware has voluntarily dismissed its lawsuit against prediction market platform Kalshi. The dismissal was made without prejudice, meaning the case could potentially be refiled in the future. FlightAware did not provide any reason for its decision to drop the legal action. The lawsuit had centered on a flight cancellation prediction market that Kalshi operated. Data suggests the market in question had seen little traction among Kalshi's user base.

Russia is moving to restrict retail cryptocurrency trading to only three assets: Bitcoin, Ether, and USDT. The new rules would apply to non-qualified investors, limiting their annual crypto purchases to 300,000 rubles, roughly $3,600, per intermediary. Qualified investors, however, would face no such spending cap under the proposed framework. The measures represent a significant tightening of Russia's approach to regulating retail participation in digital asset markets.

Bitcoin remained largely unchanged, hovering near $64,000 as traders adopted a cautious stance ahead of the upcoming US inflation report. Broader crypto markets were subdued, reflecting a wait-and-see mood across risk assets. Oil prices held close to $90 per barrel, adding to the steady but tense market atmosphere. Altcoins faced additional pressure following a fresh exploit targeting the Harmony blockchain protocol. The incident rattled investor confidence in smaller digital assets at an already sensitive moment for markets.

Discussion (0)
Log in to join the discussion and vote.
Log in