Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins

MarketsBitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoinsMarkets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback1 hr ago4 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowHarmony confirmed a suspected exploit after an attacker minted roughly 4 billion ONE tokens via empty blocks, equal to about 26% of total supply, sending the token to a record low.The July U.S. CPI print is due at 12:30 UTC and is the main macro event of the day. Brent crude is near $90 a barrel after fresh Houthi attacks on shipping in the Bab el-Mandeb Strait and a US strike on a vessel in the Gulf of Oman overnight, complicating the inflation picture.Bitcoin is up 0.23% since midnight UTC at around $63,979, with Fear and Greed at 38 and total market cap holding at $2.19 trillion.Crypto markets were steady on Wednesday as traders absorbed a protocol exploit while waiting for a U.S. inflation report that often sets the tone for risk assets.Harmony, a layer-1 blockchain network for DeFi protocols and marketplaces. confirmed it had been hit by an exploit early in the Asian day. An attacker minted some 4 billion ONE tokens through empty blocks, representing about 26% of the token's circulating supply. Around 2.8 billion of the tokens were quickly funneled to exchanges, pushing ONE down as much as 40% to a record low.Broader markets were also little changed before the July U.S. CPI print, due at 12:30 UTC. Brent crude is near $90 a barrel after more Houthi attacks on shipping in the Bab el-Mandeb Strait and a U.S. strike on a vessel in the Gulf of Oman renewed supply concerns overnight. Bitcoin BTC$63,726.88 absorbed all of this quietly, adding 0.23% since midnight UTC to around $63,900. The Fear and Greed index is at 38.Derivatives positioningFutures mark…

Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins

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