🔐 END-OF-DAY MARKET REPORT — August 11, 2026
🌐 TODAY’S TOP HEADLINES
Monthly stablecoin card spending volume reached a record $1.03 billion in July, marking another 16% increase.
Bitcoin miner Keel Infrastructure shut down all of its Bitcoin mining sites in the U.S. after second-quarter losses reached $141 million and revenue fell 50%.
Fed’s Goolsbee: Inflation is the biggest problem the economy is currently facing.
Iran said the Strait of Hormuz will remain closed until its conditions are met; Trump’s demand for 50 years of compensation from Iran dashed expectations of relief in Hormuz, sending oil back up to $89.
Michael Saylor’s Strategy is selling thousands of Bitcoin for $432.5 million — the company has not purchased BTC for seven weeks and is instead buying back MSTR preferred shares.
Atlanta Fed President Venable: Inflation is too high; contacts across the Southeast are delivering the same message.
Trump: The war was necessary to prevent Iran from obtaining a nuclear weapon; if we had not attacked Iran, it would have acquired one.
The number of whale wallets holding more than 10,000 BTC reached 90, the highest level in the past six months.
High-frequency trading firms are paying $60,000-$100,000 per month for real-time access to posts from leading Truth Social accounts.
Luke Dashjr, an advocate of the BIP-110 fork, was removed as a BIP editor after the fork mined two blocks and then stopped.
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₿ BITCOIN
BTC opened this morning in the $63,900-$64,300 range, down 1.4% from yesterday’s open, and remains trapped below the $65,000 resistance. The fading expectations of relief in Hormuz and Saylor’s BTC selling for a second consecutive week are putting pressure on the price, while whale accumulation and declining mining capacity, following Keel Infrastructure’s complete withdrawal, point to tightening supply conditions. The market is awaiting tomorrow’s July CPI data — the probability of a September rate hike is currently being priced around a coin-flip level. A sustained close above $65,000 could open the $68,000-$70,000 range; if it remains below, the $62,000-$60,000 zone could come back into focus.
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🔷 ETHEREUM & ALTCOINS
ETH opened in the $1,870-$1,890 range, down 2% from yesterday, moving in line with the broader market sell-off. XRP continues to weaken, approaching a drop below $1. The broader market is in risk-reduction mode ahead of CPI; tomorrow’s data will also be direction-defining for altcoins.
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📋 TOP CRYPTO NEWS
CoinDesk reported that the Hormuz relief trade has unwound and that crypto and equity markets remained largely unchanged ahead of CPI.
BeInCrypto reported that tomorrow’s July CPI data could reshape the Fed, Bitcoin and major markets, with the probability of a September rate hike currently around a coin-flip level.
Decrypt reported that Saylor’s Strategy sold BTC at a loss while selling $650 million worth of MSTR shares, yet MSTR stock barely reacted.
Market reaction remained limited following the CLARITY Act’s postponement to September; Polymarket is pricing the probability of the bill passing in 2026 at 30-33%.
The BIP-110 fork failed to gain miner support — it stopped after mining only two blocks and fell more than 80 blocks behind the main chain.
The 16% increase in monthly stablecoin card spending indicates that crypto-based payment tools are becoming more rapidly integrated into traditional financial channels.
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🔓 TOKEN UNLOCKS
Aptos (APT)
August 12, 2026
Amount: ~$52.1 million (2.20% of circulating supply) — ~11.31 million tokens
Selling pressure: 🟡
Aethir (ATH)
August 12, 2026
Amount: 3.6% of market cap (1.1% of total supply) — ~471 million tokens
Recipient profile: Community (71% of distribution) + Insiders + Private Investors
Selling pressure: 🟡
According to DefiLlama and Tokenomist data, these are the two most notable unlocks for tomorrow; there is no single major cliff unlock.
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🔭 OUTLOOK & UPCOMING EVENTS
Tomorrow’s July CPI data is the week’s most critical event — the probability of a September rate hike is currently around a coin-flip level. A hot reading could increase pressure on BTC, while a cool reading could pave the way for a break above the $65,000 resistance. Trump’s compensation demand has disrupted expectations of relief in the Strait of Hormuz, keeping uncertainty elevated for oil prices and risk appetite. Saylor’s BTC selling for a second consecutive week and Keel Infrastructure’s complete shutdown of its U.S. mining operations highlight different sides of supply pressure — one through selling and the other through reduced production. The APT and ATH unlocks on August 12 could increase volatility among mid-cap altcoins.