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Nigeria issues crypto tax guidelines covering stablecoins, NFTs and airdrops Nigerian authorities have issued cryptocurrency tax guidelines covering stablecoins and NFTs, The Block reported. The authorities also specified that crypto income earned through mining, staking and rewards such as airdrops is subject to taxation. Nigeria implemented an executive order on cryptocurrency regulation in mid-July.

Crypto market trading volume falls to around $15B, lowest level this year Crypto market trading volume came in at around $15 billion last week, the lowest level this year, according to Kaiko. That was down about 70% from January, when volume reached its highest level of the year.

Bithumb announced the addition of MetaDAO (META2) and Global Dollar (USDG) to its South Korean won trading pairs at 7:00 a.m. UTC on Aug. 4.

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the Volume Heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Upbit announced the addition of DeFi App (HOME) to its South Korean won and USDT trading pairs at 8:00 a.m. UTC today.

Aptos said on X it has launched Confidential APT on its mainnet, an optional privacy feature that lets users selectively keep transaction information private. Aptos said the feature is designed for compliance-sensitive use cases including payroll, corporate finance and business-to-business payments.

U.S. spot Ethereum ETFs posted a net outflow of about $11.9 million on Aug. 3, reversing into net outflows after two trading days, according to Farside Investors. - BlackRock ETHA: -$9 million - BlackRock staking ETHB: +$5.8 million - Fidelity FETH: -$900,000 - Bitwise ETHW: -$2.5 million - Grayscale ETHE: -$7.8 million

U.S. spot Bitcoin ETFs recorded about $170.1 million in net inflows on Aug. 3, reversing to net inflows after one trading day, according to Farside Investors. - BlackRock IBIT: +$111.4 million - Fidelity FBTC: +$33.4 million - Bitwise BITB: +$2.8 million - ARK Invest ARKB: +$2.1 million - Invesco BTCO: +$6.7 million - Franklin Templeton EZBC: +$9.2 million - VanEck HODL: +$4.5 million

An anonymous whale address beginning with 0x2e80 withdrew an additional 19,000 ETH worth $35.44 million from Gemini and then staked the tokens, Lookonchain reported. Over the past three weeks, the address has withdrawn and staked a total of 112,000 ETH worth $208 million from Gemini.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $82.31 million liquidated (52.33% shorts) - ETH: $59.08 million liquidated (63.55% shorts)

An anonymous address bought 40 million ENA worth about $3.69 million at an average price of $0.09269 around three hours ago and then staked the tokens on Ethena, according to ai_9684xtpa.

Telegram app downloads and search support have resumed on Apple’s App Store in South Korea after the app did not appear in search results on the country’s App Store at around 1:00 a.m. UTC today.

NEAR Protocol co-founder Illia Polosukhin has proposed creating the 'NEAR Sovereign Fund,' The Block reported. The fund would hold and manage protocol assets and revenue in NEAR to generate returns, while using part of those returns to support network security and public goods. Over the long term, the proposal aims to reduce token inflation.

U.S. real estate investment firm Cardone Capital said it bought 350 BTC worth $22.3 million.

A large options trader has sold $173 million worth of Bitcoin call option contracts, betting BTC will not break above $70,000 before Sept. 25, according to ai_9684xtpa. If Bitcoin fails to rise past the $70,000 strike price by expiry, the trader will keep $3.03 million in option premium.

Upbit announced it will temporarily suspend SEI deposits and withdrawals starting at 2:00 p.m. UTC today.

Non-custodial Bitcoin swap platform Boltz announced an indefinite service suspension as AI-based attacks targeting its infrastructure have surged. The company said user funds remain safe and refunds are being processed normally.

Telegram no longer appears in South Korea’s Apple App Store search results, and community users say it is also not showing up in the U.S. App Store. According to CoinMarketCap, GRAM, formerly TON, was trading at $1.31, down 6.79% from 24 hours earlier.

GRAM has fallen by 5.39% in the past five minutes on the COINNESS market. Currently, GRAM is trading at $1.33.

ARK Invest, led by Cathie Wood, bought $8 million worth of Coinbase stock and $1.4 million worth of Circle Internet Group shares yesterday, The Block reported.

CoinMarketCap’s Altcoin Season Index stood at 52, down five points from yesterday. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the more it signals altcoin season.

CoinMarketCap’s in-house Crypto Fear and Greed Index stood at 35, unchanged from yesterday, indicating the market remained in fear territory. The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the gauge based on factors including price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Spot CVD refers to an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section represents cumulative volume delta, or CVD. - The volume heatmap in the upper section tracks trading volume at each price level. The background becomes brighter when the price remains in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

The White House has yet to take an official position on a compromise proposal related to the ethics provisions of the CLARITY Act that Senators Thom Tillis and Ruben Gallego put forward last week, Crypto in America host Eleanor Terrett said. The ethics issue, seen as the biggest sticking point in the CLARITY Act, had also not reached a consensus as of a possible vote this week, according to Terrett.

An anonymous whale withdrew 724,880 HYPE worth $39.67 million from Bybit and OKX, according to Onchain Lens. Exchange outflows are typically interpreted as a sign of holding intent.