16 July 2026 - Daily market wrap: Cooling US inflation is good news well beyond crypto. CPI at 3.5%, PPI negative, Fed hike odds down to 13%. Cheaper money ahead means mortgages, business loans and growth assets all breathe easier. BTC up 3.6% to US$64,800, @ethereum up 5.3% to US$1,880. Japan just made crypto a normal investment, a flat 20% tax instead of up to 55%, plus a path to spot Bitcoin ETFs. And DTCC, which settles US$114 trillion in securities, ran live tokenisation trades with @BlackRock, @Vanguard_Group and @jpmorgan. Adoption is infrastructure now. Bitcoin's oldest holders have finished a two-year selling cycle, old wallet activity down 50% this year. Less overhang, improving macro. If US$63,500 holds, US$66,800 is the next test. @btcmarkets