Harmony's ONE token plunges 40% after exploit mints 26% of supply; Bitcoin steady near $64K ahead of U.S. inflation data.

Harmony blockchain suffered an exploit where an attacker minted about 4 billion ONE tokens, roughly 26% of its supply, causing the token to drop 40% to a record low. Bitcoin remains stable near $64,000 as markets await the U.S. July inflation report, a key event for risk assets. Oil prices hover near $90 amid geopolitical tensions affecting supply. Crypto futures show bearish shifts, with increased shorting on assets like Avalanche and Dogecoin, while altcoins generally face selling pressure. Market volatility expectations remain low ahead of the inflation data, though some traders hedge for potential sharp moves.