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ETH $1.9K · Harmony exploit results in 4 billion token mint, crashes ONE ‌ ‌ ‌ ‌ ‌
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Coin Mornings
Your daily crypto, before coffee.
Issue #60 · Wednesday, August 12, 2026
Market mood  Fear · 27/100  ▼ from 29 yesterday
Bitcoin holds near $64,000 as markets await U.S. inflation data, with trading activity at three-year lows ahead of Wednesday's CPI report.
 
 

  The Numbers

Bitcoin (BTC)$64,141  -0.2%
+0.0% this week
Ethereum (ETH)$1,911  +1.3%
+2.0% this week
Total crypto market$2.28T  +0.0%
BTC dominance 56.3% · BTC 49% below its all-time high

  The Movers

Top gainers (24h)

BTW Bitway+25.4%
PI Pi Network+4.1%
FIGR_HELOC Figure Heloc+3.5%
CC Canton+3.5%

Top losers (24h)

UNI Uniswap-10.9%
币安人生 币安人生 (BinanceLife)-6.2%
LIT Lighter-4.9%
MNT Mantle-4.7%

From the top 100 coins by market cap.

  The Read

Where the chart sits — description, not prediction

Bitcoin sits between its 50-day ($63.4K) and 200-day ($69.7K) averages — a trend in transition. Over the past 30 days it has traded between $62.8K and $66.5K; today's price sits in the middle third of that range. RSI(14) is 51 — momentum is roughly neutral.

See all nine coins on the daily markets page →

  The Brief

 Harmony exploit results in 4 billion token mint, crashes ONE

An attacker exploited Harmony blockchain to mint 4 billion tokens, causing ONE to drop 37%. The team is considering a rollback to undo the attack and restore the network. (Decrypt)

 Russia restricts retail crypto trading to major assets only

Russia imposed a 300,000-ruble annual purchase limit for non-qualified investors, restricting retail trading to Bitcoin, Ethereum, and USDT through regulated intermediaries. (CoinDesk)

 Bank of England tests stablecoin use in cross-border trade

The BOE's Digital Pound Lab will test how stablecoins and a potential digital pound could enable exporters and importers to settle trades more efficiently. (CoinDesk)

 Fidelity adds staking rewards to $900 million Ethereum ETF

Fidelity expanded its Ethereum ETF to include quarterly staking payouts, keeping 85% of rewards while allocating 15% to service providers. (CoinDesk)

Partner

Crypto taxes, untangled.

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Crypto 101

What is Web3?

Shorthand for an internet where users own assets and identity via blockchains rather than platforms. Part genuine technology, part marketing term — context decides which.

“Never invest money you'll need within five years.”

Coin Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Crypto is volatile — never invest more than you can afford to lose. Some links are affiliate links; we may earn a commission at no cost to you. Prices via CoinGecko, sentiment via alternative​.me, captured shortly before send.

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