Weekly Digital Assets Market Situation Summary 10th — 16th August 2026

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Bitcoin Drops $64,000 After U.S. Inflation Still Not Sending Clear Signals to Fed

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Bitcoin fell below $64,000 after the July US inflation figures came out as expected by the market, with CPI coming in at 3.4 per cent, down from 3.5 per cent in June, while Core CPI slowed from 2.6 per cent to 2.5 per cent. Even as inflation has started to slow, that level is still not enough to build confidence. That the Fed will change policy direction at its September meeting resulted in Bitcoin continuing to move in the range of about $62,000 to $66,000 and trading near the $63,600 level after the data was announced.

Derivatives markets also reflect investor caution, with options hedging at a level. 60,000 DollarsThere are higher prices than the bullish forecasted side. 70,000 dollarsAs Bitcoin Tests Above 65,000 dollarsUp to 6 times between August 5 and 10, but it has not yet been able to close daily above that level. However, the Whale group that holds more 1,000 BTCAdd tap hold 3.06 million BTCThe high of 2026 reflects that the majors continue to accumulate Bitcoin. Even in the short term, the market lacks sufficient inducement for the price to break out of the original framework.

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Tether passes first Full Audit by KPMG, gives unconditional comment

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Tether revealed that KPMG U.S. Audited the full financial statements of USDT issuer Tether International for 2025 and provided an Unqualified Opinion, which is the highest level of positive opinion from an independent auditor. The audit covers balance sheet, income, cash flow, reserve assets, liabilities, transactions, internal systems, valuation and counterparties. By the end of 2025, Tether had about $6.8 billion in reserve assets over liabilities.

The audit marks Tether's first Full Financial Audit after the company announced a full audit plan since 2017. Previously, Tether used the Reserve Attestation report, an audit of assets and liabilities at a time. While KPMG said it had directly examined evidence in several parts, including counting and auditing the gold held by Tether, this audit was a significant development in the field. The transparency of USDT and improves the data for assessing the strength of the reserve assets supported by one of the largest stablecoins of the market.

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Top Net flows

Asset flow data across the bridge between August 10 and 16, 2026 shows that Hyperliquid had a net inflow of about $73 million, the highest in the group, followed by Ethereum at around $52 million, Polygon PoS around $26 million, and Robinhood Chain at around $20 million, while outflows side Arbitrum had about $78 million in outflows, followed by Base at around $42 million and EDs. GeX's estimated $38 million reflects that liquidity in that range is clearly distributed across networks, rather than moving in the same direction across the market.

The inflow into Hyperliquid was in line with HYPE's August 13 rally, rising more than 3 percent to about $56, even as the week's returns held steady, while Ethereum was buoyed by institutional interest, with Fidelity filing a plan to increase its staking service and pay quarterly returns to FETH funds with about 898 million net assets. The dollar, and can take up to 100 percent of Ether to Stake, under the terms of the fund, so the overall picture reflects that Hyperliquid and Ethereum continue to attract liquidity well, but the money figure across the bridge should be seen as moving assets between networks. Rather than being interpreted as a direct token buying force.

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Fear & Greed Index

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The Crypto Fear & Greed Index is one of the tools used to assess the outlook and sentiment of the crypto market, referring to scores ranging from 0 to 100 (0 stands for Extreme Fear or Extreme Fear and 100 stands for Extreme Greed).

Between August 10 and August 16, 2026, the Crypto Fear and Greed index started at 31 points, before dropping to around 26 points on August 12, in line with Bitcoin's price falling from above $65,000 on August 10 to move near $64,000 ahead of the announcement of US inflation data, with the market remaining cautious on the direction of interest rates. That's despite July's CPI data coming out as expected, with general inflation at 3.4 percent, down from 3.5 percent the previous month, while Core CPI fell to 2.5 percent and Bitcoin continued to move closer to $64,000 after the figures were announced.

Sentiment began to recover in the second half of the week, with the index rising to about 35 points on August 15 and 16, after July's PPI data slowed from the previous month and fell to 4.7 percent year-on-year from 5.5 percent in June, prompting markets to assess the likelihood that the Fed will keep interest rates at its September meeting at around 6 percent. 7.6 percent, however, Bitcoin continued to move in the $63,000 to $64,000 range, while the Spot Bitcoin ETF had $192 million in cash outflows for two consecutive days late in the week, reflecting that market concerns are beginning to subside, but sentiment remains in the Fear zone. And it hasn't returned to Neutral.

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Bitcoin ETF Flow

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Between August 10 and 14, 2026, Spot Bitcoin ETF funds in the US had a total net outflow of $385.2 million, with inflows on August 11 alone of $7.8 million, while on August 10, 12, 13, and 14, there were outflows of $144.6 million, $61.1 million, $131.1 million, and $56.2 million, respectively, with Fidelity's FBTC having The most outflows were around $153.1 million, followed by Grayscale's GBTC at $88.3 million and BlackRock's IBIT at $78.9 million, reflecting how sell-off from institutional investors continued to pressure the Bitcoin ETF market throughout the week.

The sell-off came despite macroeconomic factors beginning to ease, with the US CPI for July rising just 0.1 per cent from the previous month and standing at 3.4 per cent year-on-year, down from 3.5 per cent in June, while Core CPI stood at 2.5 per cent annually. Later, the July PPI stabilised and slowed to 4.7 per cent annually from 5.5 per cent. As a result, the chances of the Fed raising interest rates in September dropped to about 35 percent from 55 percent the week before. However, Bitcoin has weakened near $63,500 on Aug. 13 and is down nearly 2 percent in the week, reflecting that the The slowdown in inflation has not been enough to spur an immediate return to institutional buying.

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Ethereum ETF Flow

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Between August 10 and 16, 2026, the US Spot Ethereum ETF had a total net outflow of just $3 million, with $14.6 million and $1.7 million outflows on August 10 and 11, respectively, before returning to inflows of $7.4 million on August 12 and $5.9 million on August 13, while there was no cash flow on August 14. With BlackRock's ETHA having a net inflow of approximately $16.4 million, Grayscale's ETH fund has a net inflow of approximately $15.1 million. The overall picture reflects that institutional capital flows in the Ethereum ETF remain steady, and There is no clear direction yet.

However, interest in bringing ETH to generate returns has continued to grow. On August 12, Fidelity filed a plan to add its Staking service to FETH, which has approximately $898 million in net assets and can stake up to 100 percent of ETH under the terms of the fund, with unit holders receiving at least quarterly net returns in cash and the fund will be allocated. 85 percent of the initial Staking returns are given to investors. Later on August 13, SharpLink revealed plans to bring $200 million worth of ETH to Stake via Lido, where about $16.5 billion of ETH is staked, reflecting demand for the lead. ETH used to generate returns continues to expand. Even the cash flow in ETFs throughout the week is still in a steady state.

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Important news:

Strategy Sells Another 1,690 BTC of Bitcoin, Pushes Cash Reserves to $4.65 Billion  

Goldman Sachs Puts Up $2.25 Billion to Buy Neos, Complement Bitcoin and Ethereum Income ETF  

Cboe Files SEC Asks to Open 3X Leveraged Bitcoin and Ethereum ETFs in U.S.

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Source:

https://www.theblock.co/news/markets/2026-08-12-bitcoin-dips-under-64000-in-line-cpi-buys-fed-time-not-conviction-analysts-411594

https://www.reuters.com/business/us-producer-prices-unchanged-july-2026-08-13

https://www.reuters.com/business/us-consumer-prices-increase-expected-july-2026-08-12

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Note: This analysis is provided every Monday, so some articles may have data discrepancies.

Nota: Questo analisi è situato ogni monday, quindi alcuni parti del articolo possono contengono informazioni inaccurati

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WARNING: CRYPTOCURRENCIES AND DIGITAL TOKENS ARE HIGHLY RISKY. YOU MAY LOSE YOUR ENTIRE INVESTMENT. PLEASE STUDY AND INVEST ACCORDING TO THE ACCEPTABLE LEVEL OF RISK.

Thank you for following.

J.P. Daniel