U.S. consumer inflation cooled in July, giving the Federal Reserve more room to stay on hold. The Consumer Price Index rose 0.1% month over month and 3.4% year over year, matching market expectations. Equities strengthened after the release as the report failed to deliver an upside inflation surprise, easing worries that the Fed might need to tighten policy further. CME FedWatch showed the odds of no rate change at the Fed's September meeting rising to 62% from 52% a day earlier, while Kalshi's prediction market priced the probability at 69%. Analysts said the July CPI report removed a key inflation uncertainty, even after international oil prices surged more than 20% during the month.

XRP fell below the $1 mark for the first time since Donald Trump won the U.S. presidential election in November 2024, hitting an intraday low of $0.99, its weakest level in more than 18 months. The token first broke above $1 on Nov. 16, 2024 and extended gains in the months that followed, topping out at $3.42 in July 2025. Selling pressure has intensified recently as bearish positioning accelerates and leveraged exposure is rapidly rebuilt, pushing open interest higher. CryptoQuant data show the seven-day change in XRP open interest on Binance flipped from -13% on Aug. 1 to +7.4% on Aug. 11. Over that period, open interest rose by $171 million, up 20.5%, reversing roughly $227 million. Market sentiment was also weighed down by reports of a theft involving 200,000 XRP.

ChainThink reported that spot gold climbed above $4,440 per ounce on Aug. 12, marking its strongest level since June 5. Market data showed the metal touching $4,440 intraday, up 1.66% on the day and setting a two-month high.

Keel Infrastructure (formerly Bitfarms) has fully shut down its U.S. Bitcoin mining operations and is converting those locations into facilities designed for AI and high-performance computing (HPC), according to the company's August 2026 Form 10-Q filed with the U.S. Securities and Exchange Commission. The filing shows the company posted a net loss of $65 million and reported $819 million in total liquidity. Keel also disclosed roughly $121 million in Bitcoin reserves. While the company is exiting mining in the U.S., it continues to operate mining activities in Canada, framing the move as a regional repositioning rather than a full departure from crypto. The shift reflects a growing trend across the sector: miners are increasingly treating energy-heavy sites as flexible infrastructure assets. Grid access, long-term power arrangements, large footprints, cooling capabilities, and data-center operating experience can be redeployed to support AI compute instead of being dedicated solely to hashing. From a business perspective, Bitcoin mining revenues remain highly cyclical, driven by BTC price, network difficulty, energy costs, hardware efficiency and halving events. AI/HPC arrangements can often be structured around longer-term contracts, which may offer more predictable cash flow. When mining margins are squeezed by power costs, competition, capital upgrade needs, or post-halving economics, operators may see better returns by hosting or selling AI compute capacity. Keel's reported $65 million net loss likely increased the urgency to extract stronger returns from capital-intensive assets. In markets where demand for AI compute is robust, redirecting megawatts to HPC can be more compelling than continuing to mine. For investors, the move adds to a broader repricing of power assets in the mining industry. Publicly traded miners may increasingly be assessed not only as Bitcoin-linked plays, but as power-and-compute infrastructure businesses. Companies that secure AI/HPC customers could ultimately trade at different valuation multiples than miners tied primarily to Bitcoin economics. Execution remains the key risk. Converting a mining site to support AI workloads typically requires different hardware, higher reliability standards, upgraded networking, refined cooling systems, and service-level commitments. The market will be watching how quickly Keel completes conversions, signs customers, and turns its infrastructure into durable revenue. Source: Keel Infrastructure Form 10-Q (August 2026), filed with the SEC. Article prepared by the News Desk; edited by Samuel Rae.

Suryavanshi Spinning posted a turnaround in Q1 FY27, reporting net profit of ₹18.35 lakh versus a net loss of ₹60.62 lakh a year earlier. Revenue nearly doubled, rising 93% year-on-year to ₹217.36 lakh, supported by improved efficiency in continuing operations. Profit before tax from continuing operations came in at ₹34.26 lakh, reversing a loss of ₹20.75 lakh in the prior-year quarter. Total expenses increased 18% to ₹185.35 lakh. Separately, on June 29, 2026, Agarwal raised his overall holding to 47.26% of the voting share capital, strengthening control over the company.

Crypto.com has launched access to tokenized U.S. equities and exchange-traded funds on its main exchange platform for users across the European Economic Area. The rollout offers around-the-clock trading for widely followed U.S. stocks alongside more than 400 cryptocurrencies, extending activity through weekends and market holidays when traditional brokers are typically closed. The product is aimed at retail participants, allowing fractional investing from as little as $1. Crypto.com said the tokenized securities are fully collateralized by the underlying shares, which are held in U.S. custody.

U.S. consumer prices rose 3.4% year over year in July, matching expectations. Market pricing now puts the probability of the Federal Reserve holding rates steady in September at 55%. Shares of AI infrastructure plays CoreWeave, IREN and Applied Digital advanced, with Super Micro Computer's upbeat revenue outlook adding momentum to the group. The moves helped lift the S&P 500 and the Dow to fresh record highs.

Crypto.com has introduced tokenized stock derivatives that track 1,500 U.S.-listed equities, allowing investors to participate with as little as $1. The launch further expands the platform's push into tokenizing real-world assets. Data from RWA.xyz shows the global market value of tokenized stocks has reached about $2.49 billion, up 600% over the past year. Citibank forecasts the total tokenized securities market could grow to $5.5 trillion by 2030. Crypto.com, currently the world's 11th-largest cryptocurrency exchange, is expected to use the product to draw more traditional finance users into the crypto ecosystem.

Binance is set to delist seven cryptocurrency trading pairs on a specified date in August.