August 12: Bitcoin Waits for CPI as Harmony Suffers a Major Exploit
Today’s crypto market is quiet, but it is not calm in a healthy way. Bitcoin is sitting around $64K ahead of the July CPI report, with perpetual trading activity at its lowest level since 2023 and volatility still compressed. The market is waiting for a macro catalyst, but underneath the surface, traders are cautious, altcoins are fragile, and sell pressure from public miners remains a real issue.
The biggest security story is Harmony. The project confirmed an exploit where an attacker minted roughly 4 billion ONE tokens, equal to more than a quarter of the supply. ONE fell around 40%…
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