Coindesk

Bitcoin (BTC) traders are seeking downside protection ahead of the U.S. inflation data, which is expected to show President Donald Trump's trade tariffs are starting to affect consumer prices.The report, due at 12:30 UTC, is expected to show that the headline consumer price index (CPI) increased 2.8% year-on-year in July, up from a 2.7% rise in June, according to Bloomberg data.On a monthly basis, prices are forecast to increase 0.2%, a slight decline from July's 0.3%. The core CPI, which excludes the volatile food and energy component, is likely to have risen 0.3% in July following a 0.2% rise in June.According to analysts, a hotter-than-expected CPI could dampen Fed rate cuts, potentially weighing on risk assets, including BTC.'The market's immediate...

Technical Analysis OverviewDOGE falls 6.88% in the 24-hour period ending August 12, dropping from $0.24 to $0.22 as sellers overwhelm bid-side liquidity. The heaviest pressure hits at 07:00 on August 11, with price sliding from $0.238 to $0.233 on 485.69M volume — 31% above the daily average of 371.45M. This establishes $0.238 as a major resistance level.Buyers step in at $0.226 during the 11:00 session, generating 793.38M in volume. Secondary resistance forms at $0.231 as multiple rally attempts fail. Final-hour trade sees DOGE range-bound between $0.2247-$0.2253 with volume compression, suggesting potential seller exhaustion.News BackgroundThe selloff comes amid broader weakness in digital assets, with regulatory uncertainty and global trade tensions weighing on risk sentiment. Major economies are escalating tariff disputes, pressuring...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Bitcoin staged a sharp recovery over the past week, rebounding from a dip below $114,000 to trade near $121,000, in what Glassnode described in a recent report as a shift from “seller exhaustion to a strong rebound near recent ATHs.”The rally, however, came without a surge in spot market participation.Glassnode data shows spot trading volumes fell 22% to $5.7 billion, close to their statistical low band, suggesting the rebound has been driven more by positioning shifts than deep...

Bitcoin’s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500.The pullback left bitcoin 2.8% off its session high of $122,200, though the largest crypto remained up 0.4% over the past 24 hours.Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana’s SOL (SOL), dogecoin (DOGE) and Sui's native token (SUI) slipped 3%-4%.James Van Straten, senior analyst at CoinDesk, noted that bitcoin’s weekend rally left a gap in the CME futures market, which trade only on weekdays, between Friday’s close at $117,430 and Monday’s open at $119,000. History suggests that BTC could pull back to revisit and "fill" that gap, he said.Tuesday’s U.S. Consumer Price Index (CPI) report...

Nasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal, Safety Shot will receive $25 million worth of BONK (BONK) for its treasury, aligning the public company directly with the platform’s growth.Bonk.fun generated over $35 million in user fees in July, eclipsing rival Pump.fun to become the month’s highest-earning memecoin launchpad, according to DeFiLlama. The platform controls more than 80% of Solana’s daily new token launch market share, with peak days seeing over 20,000 tokens deployed and daily volumes topping $100 million.As part of the transaction, Safety Shot will issue preferred shares convertible into common stock and reinvest about 90% of its BONK.fun revenue into BONK...