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Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%

Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.

CN
Cointelegraph.com News · Aug 12, 2026
Top Stories
01
Bitwise cuts 14% of staff while still expecting growth
Breaking
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.
MarketsAug 12
02
FlightAware drops Kalshi lawsuit one day after filing
Breaking
Following the initial lawsuit, at least one of Kalshi’s event contracts was changed to list “Primary Source Agency” as the entity behind verifying flight cancellation data.
MarketsAug 12
03
Bank of England tests stablecoin, digital pound interoperability in cross-border payments
Breaking
The Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement.
MarketsAug 12
04
HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin
Breaking
HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.
MarketsAug 12
05
Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%
Latest
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.
BitcoinAug 12
06
Kalshi launches sports and crypto perps data feed on DoubleZero
Latest
Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access.
MarketsAug 12
07
Slovenia joins EU’s MiCA stablecoin register with first issuer
Latest
Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs.
MarketsAug 12
08
El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’
Latest
Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile.
BitcoinAug 12
09
Wintermute to pour $1B into AI, high-frequency trading amid TradFi expansion: Report
Latest
Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance.
MarketsAug 12
10
Fidelity files with SEC to add staking to Ethereum ETF
Latest
Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors.
MarketsAug 12
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