Bitcoin tops $65,000 with US inflation data due this week

[MGBX to Launch KBC Spot Trading] To further enrich the platform's trading options and enhance user trading experience, MGBX will officially launch the following spot trading pair: Schedule: Deposit Opening Time: 2026-08-12 16:00:00 Trading Opening Time: 2026-08-13 23:30:00 Withdrawal Opening Time: 2026-08-14 16:00:00 Trading Pair Details: KBC/USDT For more trading opportunities, please visit 'Quick Updates - New Listings.' Data sourced from MGBX, for informational purposes only and does not constitute any investment advice.

CryptoQuant founder Ki Young Ju stated that hedge funds on CME have turned into net long BTC futures, which is a rare occurrence. Basis trading typically leads hedge funds to structurally hold short positions, while institutional investors are betting on BTC's rise.

According to a report by Golden Ten, economists have postponed their expectations for the timing of the Swiss central bank's interest rate hike, and currently expect to take action as early as 2027 or early 2028.

JPMorgan raised its year-end target for the S&P 500 index to 8000 points on Monday, citing strong corporate profits and faster revenue growth driven by AI investments from large cloud service providers. This target has about 3.12% upside potential compared to last Friday's closing price of 7757.64 points.

Grayscale has withdrawn its Cardano, Hedera, and Polkadot Trust ETF applications submitted to the US SEC. （Cointelegraph）