U.S. inflation cooled to 3.4% in July from 3.5% in June, matching market expectations and easing concern that the Federal Reserve may need to stay more aggressive. Monthly consumer prices rose 0.1% after a 0.4% decline in June, a reading that traders generally viewed as supportive for bitcoin and other risk assets because it did not deliver an upside surprise. The Office of the Comptroller of the Currency also gave the industry a regulatory lift, saying firms engaged in legally permitted digital-asset activities should have a pathway to apply for a national bank charter, potentially bringing eligible crypto companies into the same federal banking framework used by traditional institutions. Even so, the market reaction was restrained. Bitcoin briefly moved above $64,000 before retreating to about $63,400 roughly three hours after the release, while the RSI slipped to around 40 and CMF hovered near zero. The broader crypto market also initially fell before recovering, with total market capitalization returning to about $2.16 trillion, suggesting traders were absorbing the inflation and OCC developments without rushing to add risk.