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Binance announced it will end support for Sophon (SOPH) on its mainnet and will temporarily suspend deposits and withdrawals via the ERC-20 network at 8:00 a.m. UTC on Aug. 4. Existing SOPH will be migrated from the mainnet to the ERC-20 network at a 1:1 ratio.

U.S. asset manager ARK Invest, led by Cathie Wood, bought $30,000 worth of 3iQ’s Solana staking ETF through one of its funds on July 27, according to the source. The ETF, managed by Canadian asset manager 3iQ, offers exposure to SOL price movements and additional yield from staking rewards. ARK Invest also bought $14.1 million worth of SpaceX shares and sold $1.16 million worth of Robinhood shares the same day.

South Korean exchange Bithumb announced the addition of O to its KRW market at 5:00 a.m. UTC today.

South Korea’s exchange operator triggered a circuit breaker after the Kosdaq fell more than 8%, following a similar move in the KOSPI. A circuit breaker temporarily halts trading during sharp declines in the KOSPI and Kosdaq markets and operates in three stages. A first-stage circuit breaker is triggered when a drop of more than 8% is sustained for one minute, suspending trading for about 20 minutes.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $157.53 million liquidated (84.88% longs) - ETH: $131.53 million liquidated (61.12% longs) - SOL: $18.93 million liquidated (83.35% longs)

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of Injective (INJ) at 8:00 a.m. UTC on July 29.

Decentralized perpetual futures exchange Lighter (LIT) has bought back more than 16 million LIT and recently began quarterly token burns, founder Vladimir Novakovski said on X. Novakovski said Lighter had the same issuing entity before its token generation event (TGE) and at the time of the TGE, and added that while it offered existing holders a chance to sell their stakes, most chose to keep holding. Novakovski also said that once the CLARITY Act and the U.S. SEC’s regulatory framework overhaul are completed, on-chain fundraising and crypto-based stock tokenization are likely to become widespread.

South Korean exchange Upbit announced the addition of RLUSD to KRW, BTC and USDT trading at 5:00 a.m. UTC on July 28.

X Money, the financial app from X, formerly Twitter, has expanded access to all U.S. Premium and Premium+ subscribers, though there was no mention of cryptocurrency. Previously, the service had been available only to some Premium+ subscribers. Meanwhile, Benji Taylor, who developed the non-custodial cryptocurrency wallet "Family," is serving as head of design at X.

Rob Witoff, head of platform at Coinbase, the largest U.S. cryptocurrency exchange, said on X that he has been promoted to chief technology officer. Witoff said he joined Coinbase as an engineer in 2014 and has remained focused on shipping products. While much has changed over the past 12 years, the team’s passion has not, Witoff said, adding that the goal is to make Coinbase the world’s best development environment.

South Korean police have launched a compulsory investigation into former Incheon Mayor Yoo Jeong-bok over allegations he concealed crypto assets during the June 3 local election period, Yonhap News Agency reported. According to the report, the Incheon Metropolitan Police Agency’s anti-corruption and economic crime investigation unit sent investigators on July 27 to search Yoo’s residence and the general affairs office at Incheon City Hall over alleged violations of the Public Official Election Act and other charges. Yoo and his spouse are suspected of deliberately omitting 21,000 crypto assets from a candidate asset disclosure filing for the local elections after transferring the holdings to overseas exchanges.

El Salvador’s two main opposition parties have finalized their candidates for the February 2027 presidential election, setting up a challenge to President Nayib Bukele’s bid for a third term and his Bitcoin strategy, BeInCrypto reported. ARENA picked former lawmaker Mayte Iraheta, while the FMLN selected physician Rafael Aguirre. Both candidates have criticized the Bukele administration’s Bitcoin policy as a fiscal failure. Still, with ARENA holding two seats in the legislature and the FMLN holding none, even a change in government would require a broad political coalition to alter Bitcoin policy. El Salvador scrapped the corporate mandate to accept Bitcoin after reaching a $1.4 billion loan agreement with the IMF in February 2025, but it has continued buying one BTC a day and held about 7,730 BTC as of July 27. The next government will decide whether to maintain or halt that Bitcoin purchase policy.

CoinMarketCap’s Altcoin Season Index came in at 52, down four points from yesterday. The index is calculated by comparing Bitcoin’s price performance with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A CoinNess analysis shows altcoin season is identified when 75% of the top 100 coins post gains over the past 90 days that exceed Bitcoin’s return over the same period. The opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.

The Korea Exchange triggered a circuit breaker after the Kospi fell more than 8%. A circuit breaker is a mechanism that temporarily halts trading when the Kospi or Kosdaq drops sharply, with three stages in total. Under a first-stage circuit breaker, which is triggered when a decline of at least 8% lasts for one minute, trading is suspended for about 20 minutes.

The U.S. Senate's focus on a Russia sanctions bill and federal nominations has increased the likelihood that a vote on the Clarity Act, a crypto market structure bill, will be pushed back until after next week, CoinDesk reported. The outlet said the Senate's practice of handling only one contentious bill at a time has made it difficult to take up the Clarity Act before other items are cleared. Disagreements also remain over a provision that would restrict cryptocurrency business activities by senior officials, including President Donald Trump. As a result, it remains unclear whether the Senate can act on the bill before its summer recess on Aug. 8, and the wider the disagreements become, the lower the chances of passage in 2026. CoinDesk added that even if the bill clears the Senate, it would still need another House vote and the president's signature.

Banking services provider Cross River said it plans to provide the banking infrastructure for X Money, a financial service integrated into social media platform X. According to Cointelegraph, Cross River will support X Money with P2P payments, interest-bearing accounts and debit card services. The announcement did not mention cryptocurrencies or stablecoins.

U.S. Senate Democratic Leader Chuck Schumer has proposed two candidates each for seats at the SEC and the CFTC to the White House as part of negotiations over crypto legislation, Semafor reporter Eleanor Mueller said. The proposal follows months of finger-pointing during the bill talks over responsibility for vacancies at the two agencies. The identities of the candidates have not been disclosed, and one person familiar with the matter said the move was intended to avoid attacks before the candidates receive a fair vetting process.

The HYPE spot ETF is attracting funds faster in its early stage than BTC, ETH, SOL and XRP ETFs did over the same period, based on cumulative inflows relative to market capitalization, according to a Grayscale analysis. Grayscale said BTC ETFs have shown the steadiest inflow trend, while ETH ETFs saw a mid-period surge. SOL and XRP ETFs also posted solid early inflows. Compared over the same time frame, however, the HYPE ETF has had the strongest start, Grayscale said.

BitMEX co-founder Arthur Hayes withdrew 3,298 ETH worth $6.32 million from FalconX and Galaxy Digital, EmberCN reported. Since July 15, Hayes has bought a total of 7,212.6 ETH worth $13.82 million at an average price of $1,916.

A futures product tracking SK Hynix shares on decentralized perpetual futures exchange Hyperliquid (HYPE) briefly fell to $927, about 1.36 million won at current exchange rates, at 12:00 a.m. UTC today. The sharp but temporary drop is believed to have been triggered by a cascade of liquidations in leveraged long positions. Two minutes after the plunge, the product’s price had regained its link to SK Hynix shares. Meanwhile, the KOSPI posted a sharp decline on July 28, triggering a sell-side curb. SK Hynix was trading at 1,622,000 won, down 10.68% from yesterday.

Bitmine (NYSE: BMNR), a U.S.-listed company pursuing a strategic accumulation of Ethereum, withdrew 7,500 ETH worth about $14.61 million from BitGo around four hours ago, according to an analysis by on-chain analyst EmberCN. EmberCN added Bitmine appears to be continuing its ETH accumulation after last week. Exchange withdrawals are typically interpreted as accumulation activity. Earlier, Bitmine said it had added 9,946 ETH over the past week.

As the KOSPI plunged, the Korea Exchange triggered a sell-side sidecar.

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 represents cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume at each price level, and the background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Areas closer to brighter colors may act as support or resistance. - The lower cumulative volume delta indicator reflects buy and sell orders by fund size, and the line in each color rises as buy orders increase. The yellow line represents orders worth $100 to $1,000, while the brown line represents large orders worth $1 million to $10 million.

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 35, down three points from yesterday, indicating that fear remained in place. The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. According to CoinMarketCap, the gauge is calculated based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put/call ratio, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

A U.S. federal court has granted a preliminary injunction sought by prediction market platforms including Polymarket and Kalshi, suspending enforcement of Minnesota’s ban on prediction markets, Unfolded reported. The court said betting activity treated as prediction markets and swaps falls under the jurisdiction of the Commodity Futures Trading Commission (CFTC).