Daily Market Wrap | Aug. 13

Hot Topics

OKX will burn 65.26 million $OKB tokens, cap supply at 21 million, and upgrade its smart contract, sparking a 170% price surge to $124.

Trump’s tariff exemption on gold bars led to a 2.4% drop in U.S. gold futures to $3,407 and a 1.2% decline in spot gold to $3,357.

Trump signed an executive order extending the U.S.-China tariff truce by 90 days, preventing tariffs on Chinese goods from escalating.

U.S. consumer price index rose 0.2% monthly and 2.7% annually in July 2025, below the expected 2.8%.

Market Updates

Do Kwon pleaded guilty to fraud in the $60B TerraUSD/Luna collapse, facing up to 25 years and $19.3M forfeiture.

Bitcoin nears $120k and Ether climbs to $4.7k after Trump’s comments and growing Fed rate cut expectations.

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