Headlines

Bitcoin price rebounds from $63,200 as CPI looms

Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove BTC into the $63,200 support zone ahead of key U.S. inflation data. Summary Bitcoin rebounded from $63,200 to about $64,130 after breaking below $64,000. Cumulative long-short positioning fell by roughly $174 million during the decline. The 4-hour chart places resistance near $64,400…

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SBI plans Japan-Korea stablecoin network on Canton

SBI Digital Practice and South Korea’s Nodeinfra agreed to jointly develop a cross-border payment and settlement network between Japan and South Korea using Canton Network infrastructure.  Summary SBI and Nodeinfra will test yen and won payment tokens before introducing regulated stablecoins commercially. Project Musubi will use Canton Network for atomic payment-versus-payment settlement and distributed peer…

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