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The tokenized asset market has grown to $7.5 billion, up more than threefold over the past year, according to CryptoRank data.

New York Attorney General Letitia James urged Congress to strengthen the Clarity Act, saying the bill could weaken state governments’ authority to crack down on financial crime and other illegal activity, The Block reported. James stressed the need for stronger safeguards, including tighter rules for cryptocurrencies that pass through money-laundering mixers and stricter standards for elected officials.

Securitize Capital, a subsidiary of tokenization platform Securitize, has registered as a registered investment adviser with the U.S. SEC, Cointelegraph reported. The move allows Securitize to provide investment advisory services to asset managers and institutional investors, expanding its business within the regulatory fold. Securitize said this gives it an integrated regulated platform spanning tokenized securities issuance and management, brokerage, trading infrastructure and investment advisory services.

Crypto perpetual futures, a flagship derivatives product in the digital-asset market, have entered the regulated U.S. market, drawing rising interest on Wall Street, though major banks are still staying on the sidelines until market liquidity and the regulatory environment are more fully developed, CoinDesk reported. CoinDesk said the U.S. Commodity Futures Trading Commission approved Kalshi’s regulated perpetual futures product in May, while Coinbase also won approval to list regulated perpetual futures in the United States. Kalshi topped $1 billion in trading volume within a week of launching the product in June and has since moved to broaden its lineup by seeking approval for perpetual futures tied to gold and silver. Even so, Wall Street remains cautious about making a full-scale entry into the market. Industry participants said improvements in the U.S. regulatory environment are drawing the offshore-dominated perpetual futures market into the United States, but most large financial institutions are still in a wait-and-see phase rather than preparing product launches. They added major banks also have to consider strict capital rules, customer-protection obligations and reputational risk, making it difficult for them to participate aggressively before trading volume is sufficient, the regulatory framework is clear and market infrastructure is stable.

BlackRock transferred 3,310 BTC ($215.93 million) and 28,370 ETH ($55.68 million) to Coinbase Prime, for a total of about $271 million, according to Onchain Lens. Onchain Lens added its analysis pointed to the transfers as likely being intended for a sale.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background color becomes brighter when the price remains in a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance. - The cumulative volume delta indicator shows 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.

Payward, the parent company of cryptocurrency exchange Kraken, is acquiring Magic Labs’ Wallet-as-a-Service business, Cointelegraph reported. The deal value was not disclosed. The companies said they expect to complete the transaction within weeks, subject to customary procedures. Through the acquisition, Payward plans to integrate Magic Labs’ non-custodial wallet technology into Payward Services, its business platform. The platform provides enterprise services including cryptocurrency trading, custody, tokenized assets and fiat on- and off-ramps.

Crypto trading platform Uphold announced it cut 17% of its workforce. The restructuring was part of a strategy to focus more on enterprise services as a recent market downturn has weighed on retail crypto trading activity, CoinDesk reported. The layoffs affected 85 full-time and contract workers.

Sports merchandise retailer Fanatics has agreed to acquire a BGC unit exchange and clearinghouse to expand its prediction market business, according to CoinDesk. The company plans to buy Water Street Labs and CX Clearinghouse from BGC Group, though financial terms were not disclosed. The deal will give Fanatics a federally regulated exchange and clearinghouse, securing its own prediction market infrastructure.

Binance Research said Gen Z accounted for 47% of new users of Binance’s traditional finance service this year. Those users have recorded a total of $80 billion in trading on Binance TradFi since the start of the year, according to the research.

President Donald Trump said the U.S. should have the lowest interest rates in the world in comments related to the Federal Reserve.

Ondo Finance (ONDO) has unveiled Ondo Network, a new execution network that combines trading speeds comparable to centralized exchanges, self-custody trading and onchain payments, The Block reported. Ondo Finance said existing blockchains process trade execution, validation and settlement on a single ledger, which offers strong trust and resilience but comes with slower trading speeds and broader information disclosure. The company added Ondo Network was designed to separate trade execution from the validation and settlement process while allowing users to retain control of their assets.

MoonPay has partnered with Templo to support Templo’s fiat-to-stablecoin payments, Cointelegraph reported.

U.S. Senate Republicans plan to pursue a procedural move this week to place the CLARITY Act, a U.S. crypto market structure bill, on the formal Senate agenda, Crypto in America reported. Republicans are aiming to pass the bill before Congress begins its recess on Aug. 7, according to the outlet, and plan to hold a procedural vote first to open formal debate on the measure. The step requires support from 60 senators, making Democratic cooperation the key variable. Crypto in America said seven Democratic senators had previously argued the latest version of the CLARITY Act still fell short on ethics rules, anti-money laundering measures and conflict-of-interest provisions. Republicans are continuing negotiations to revise those sections in an effort to secure Democratic backing, the outlet added. Internal Republican factors also remain in play. While Republicans hold a narrow Senate majority, Senator Mitch McConnell is expected to be absent, and the future positions of Senators Josh Hawley and Rand Paul, who previously opposed the GENIUS Act, are also being cited as major variables, according to the report.

Forbes said blockchain technology is not eliminating traditional financial institutions but creating new digital financial institutions instead. The media outlet said stablecoins are shifting from crypto tools to financial infrastructure, while the market for real-world asset tokenization is expanding rapidly as it is being led by major traditional financial firms rather than decentralized communities. It added that institutional investors are becoming increasingly reliant on intermediaries as they enter the cryptocurrency market. Forbes said the shift can be understood not as a failure of the crypto industry, but as a historical pattern in fintech development. Technology typically does not eliminate intermediaries altogether, Forbes said, but changes their role. It added the key question for the blockchain industry is not whether intermediaries can be removed, but whether newly emerging digital financial intermediaries can serve a role that is more transparent, efficient and verifiable than the existing system.

The crypto market is continuing to trade in a range as liquidity on major exchanges has declined and aggressive selling pressure has eased, according to a Glassnode report. Glassnode said caution also persisted in derivatives markets. In the perpetual futures market, buying activity and speculative demand slowed, and while total open interest rose slightly, funding rates for long positions fell sharply. By contrast, options open interest increased and volatility premiums widened, suggesting investors are preparing for the possibility of greater volatility ahead. Institutional demand also weakened somewhat, Glassnode said. While Bitcoin continues to draw firm support from long-term holders, the market is in a transitional phase marked by caution across spot, derivatives and institutional investment, according to the report.

TD Cowen has cut its split-adjusted price target for Bitcoin treasury company Nakamoto to $17 from $40, a 58% reduction, The Block reported. TD Cowen cited a weaker outlook for Bitcoin and Nakamoto’s leveraged capital structure.

Benchmark views Metaplanet’s acquisition of Japanese brokerage Cibo Securities as a core strategy to build a Bitcoin-based bond market rather than a simple business expansion, The Block reported. Benchmark analyst Mark Palmer said the market had interpreted the deal as a routine expansion move, but argued that view significantly undervalued the company’s long-term strategy. Palmer said Metaplanet plans to launch Bitcoin-backed bonds offering yields of around 4% to 6%, then move toward on-chain settlement using stablecoins and the development of a secondary market. Metaplanet Securities, Palmer added, would go beyond serving as a funding channel for Bitcoin purchases and instead form the foundation of a market for BTC-collateralized tokenized bonds called 'Bitbonds.' Metaplanet previously announced it acquired a 100% stake in Cibo Securities for 2.1 billion yen ($13 million).

The ETH/BTC trading pair has reached its highest level in the past three months, according to on-chain analytics platform Arkham. The move indicates Ethereum is showing relative strength against Bitcoin, while the ETH/BTC trading pair had fallen by a cumulative roughly 80% from 2021 to 2025, reflecting a prolonged period of weakness.

U.S. President Donald Trump said he would not spend too much time on negotiations and would rely on strong military action if the talks fail, according to Israel's Channel 12.

Swiss cryptocurrency bank Amina is working with Wall Street investment bank Cantor Fitzgerald to explore capital-markets options, including an initial public offering, CoinDesk reported. Citing multiple sources, the report said Amina has reviewed several paths, including a SPAC merger, and is now treating a reverse merger with a digital-asset treasury management company as the leading scenario. The discussions are still ongoing, however, and no final decision has been made.

Major exchanges have seen $108 million worth of futures liquidated in the past hour. In the past 24 hours, $429 million worth of futures have been liquidated.

An anonymous whale address beginning with 0xf23c withdrew an additional 10,444 ETH worth $20.47 million from Binance, according to Lookonchain. The address has withdrawn a total of 30,244 ETH worth $57.8 million from Binance over the past week. Exchange outflows are typically interpreted as accumulation.

LD Capital founder Jack Yi said on X that Bitcoin’s key resistance level is around $67,500 and that a strong breakout above that range is needed for a sustained upward trend. Yi added there has been no change to the existing outlook and that a strategy of continuing to buy in tranches through July and August, then waiting for the next bull market cycle, remains valid. Yi also said there is little value in analyzing short-term price moves or overly fine-tuning bottom-buying ranges while Bitcoin remains rangebound.

Binance CEO Richard Teng said on X, "암호화폐는 범죄자의 친구가 아니다. 오히려 범죄자를 잡는 데 결정적인 단서가 되는 경우가 많다. 바이낸스와 DSCI는 온체인 자금 흐름을 추적, 인도 마약단속국(NCB)의 다크넷 마약 조직 수사를 지원했다. 이것이 바로 진정한 블록체인 기반 책임 이행의 모습이다"