Aug 12 — Bitcoin, Erebor bank raise, and crypto regulation

QuantAlpha Digital Asset Update · Aug 11, 2026 · 2m

• Bitcoin is pinned near $63,600 as ETF inflows and spot selling cancel out — today's CPI print could break the stalemate and set the next directional move. • Crypto-friendly bank Erebor is in talks to raise $1.5B at a $9.5B valuation — a well-capitalized crypto bank could restore the institutional banking rails lost when SVB and Signature collapsed. • The CFTC ordered Kalshi to keep operating prediction markets in New York despite a state lawsuit — federal preemption strengthens the legal standing of on-chain platforms like Polymarket.