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Coinbase reiterated its call for broader access to Federal Reserve payment accounts, interest payments on balances and supervision aligned with actual risk, Cointelegraph reported via its official X account. The stance follows the Fed’s release in December of last year of a proposal for so-called skinny master accounts, or payment accounts that certain financial institutions could use exclusively for payment processing. The accounts have been expected to make it easier for crypto firms to access the Fed’s payment system while reducing reliance on traditional bank intermediaries. Coinbase had made a similar argument in February.

An anonymous whale address beginning with 0x03403 deposited 5,000 ETH worth $9.42 million to Binance, EmberCN said on X. The address withdrew 9,891 ETH from Binance in 2024 at an average price of $3,011, and the holding period is estimated at about two years. If the latest deposit was sold, the loss is estimated at $5.63 million.

Parlay betting, which combines multiple outcomes into a single wager, has surged on prediction market platform Kalshi, while retail investors have posted nearly $294 million in net losses, Bloomberg reported. Bloomberg said the trades are difficult for individuals to price, leaving most retail participants with losses, while Wall Street traders and professional market-making firms generated strong profits. Kalshi currently offers parlay products tied to sports events and the cryptocurrency market.

Major exchanges have seen $101 million worth of futures liquidated in the past hour. In the past 24 hours, $649 million worth of futures have been liquidated.

Crypto mining company Core Scientific (CORZ) now holds 848 BTC after adding 301 BTC, BitcoinTreasuries said on X. The company ranks 49th among listed firms holding BTC.

USDT issuer Tether said it has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) in Kenya to jointly advance cryptocurrency education, tokenization and financial market innovation. The Nairobi Securities Exchange, one of Africa’s major stock exchanges, provides trading services for investors seeking exposure to Kenya’s economy and broader African growth. Under the agreement, the two sides plan to develop structured knowledge-sharing programs, including training courses and workshops, to deepen understanding of cryptocurrencies and capital markets.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,935.8 on the Binance USDT market.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.01% - Nasdaq: -0.40% - Dow Jones: +0.60%

Binance CEO Richard Teng said the crypto market’s key theme this year is convergence with traditional finance, or TradFi. In a post on X, Teng said crypto platforms are offering traditional financial products such as stocks, while traditional finance is embracing crypto through products such as ETFs. He added that, supported by user demand, maturing technology and an improving regulatory environment, crypto is evolving into financial infrastructure spanning payments, stablecoins and savings. Teng said Binance plans to develop into a financial super app offering stocks, payments, savings and remittances on a single platform.

Morgan Stanley will begin trading Ethereum and Solana ETFs on NYSE Arca after previously receiving U.S. SEC approval for the products.

Emirates said on X it has introduced cryptocurrency payments through Crypto.com Pay. The service is limited to residents of the United Arab Emirates and applies only to tickets settled in UAE dirhams. Customers pay through the Crypto.com wallet, but the airline does not directly receive cryptocurrency. Instead, payments are settled in dirhams or in an approved dirham-linked stablecoin under UAE central bank rules.

Binance’s stock tokenization platform Bstocks recorded more than $2 billion in trading volume over the weekend, Cointelegraph reported.

U.S. President Donald Trump said now is a good time for Iran to reach a deal and added he wants to avoid attacks on Iran’s bridges and power plants. Trump also stressed that Iran must formally declare it will not possess nuclear weapons.

As of July 28, 150 venture capital firms had participated in cryptocurrency investment rounds this month, the lowest monthly figure since November 2020, according to crypto market data platform CryptoRank. That was also well below the peak of 1,177 firms recorded in May 2022. CryptoRank said the trend suggests crypto VC investment is becoming concentrated among a smaller number of funds, while investors are applying stricter screening standards to projects.

Jeffrey Huang, a Taiwanese singer better known as Machi Big Brother, is about $20 away from the liquidation price on a Hyperliquid perpetual futures position, according to Hupz, formerly Spot On Chain. Hupz said Huang has also listed two BAYC NFTs for sale to raise margin and that Huang's cumulative losses have exceeded $80 million since last year.

Crypto exchange Luno, part of Digital Currency Group, will cut about 20% of its global workforce as part of a restructuring, Bloomberg reported. Through the reorganization, Luno plans to expand its B2B business and reduce costs in line with current market conditions.

The owner of Kabosu, the Shiba Inu that inspired Dogecoin, said on X that there is no connection to the recently surging meme coin CATE. @kabosumama said a coin was issued without permission after a cat-related Instagram post was shared, adding that the only projects officially authorized to issue tokens were DOGE and COCORO. CATE, meanwhile, is a meme coin launched based on a video shared by Kabosu's owner featuring a kitten, and its market capitalization previously surged 230-fold.

CME Group, the world’s largest futures exchange operator, has filed a lawsuit against the U.S. Commodity Futures Trading Commission over its approval of on-chain perpetual futures, Hubz, formerly Spot On Chain, said. CME Group argues the product should be classified as swaps rather than futures and was approved without proper rulemaking procedures. Hubz said the lawsuit targets the regulatory foundation of the on-chain perpetual futures market itself. It added the products are the same type as those offered by decentralized exchanges such as Hyperliquid, and said a reclassification as swaps could tighten compliance requirements and limit DEX offerings of perpetual futures. Given the likelihood of a prolonged legal process, Hubz said the case could weigh on perpetual futures-focused platforms in the short term.

Fortitude, the mining subsidiary of Digital Currency Group (DCG) focused on Zcash (ZEC), said it has begun supplying power to its Greenfield mining facility in Nebraska. The company expects the move to reduce ZEC mining costs to around $40 from $70. Fortitude added it has completed construction of the 12 MW facility in Grand Island, Nebraska, expanding its total operating power capacity to 60 MW.

Bitcoin and Ethereum have remained relatively resilient by holding above their 50-day moving averages despite the recent pullback, but the broader crypto market still has yet to show a clear recovery, CoinDesk said. CoinDesk added that, compared with the Nasdaq 100, the current weakness in crypto stands out more clearly. As of July 27, local time, 47 Nasdaq 100 constituents were trading above their 50-day moving averages, indicating a stronger trend than in the crypto market. While BTC has remained stable since rebounding from around $58,000 in early last month, that strength has not spread across the broader altcoin market. At the same time, ETH has recently outperformed BTC, raising the possibility that buying interest could expand into altcoins. The outlet added that markets are watching the U.S. Federal Reserve’s rate decision, its future monetary policy path, and upcoming U.S. core PCE inflation and GDP data as key variables. It also said expectations for institutional inflows have cooled further after the U.S. Senate delayed action on the Clarity Act.

Russia’s central bank has released draft regulations on cryptocurrency trading, The Block reported. Under the proposal, crypto custodians would be required to hold between 50 million and 250 million rubles in equity capital and meet additional requirements for custody and record management.

DEX aggregator 1inch has launched 1inch Aqua, a solution aimed at improving DeFi liquidity efficiency. Aqua allows a single token to support multiple liquidity positions, while assets remain in users’ wallets until a swap is executed. Users can support multiple liquidity positions based on the same token balance without depositing assets into a liquidity pool. Tokens remain securely stored in users’ wallets, and swap fees are protected from JIT attacks, in which liquidity is added just before a trade and withdrawn immediately after to capture fees.

AAVE founder Stani Kulechov said on X that the U.S. crypto market structure bill known as the Clarity Act includes legal authority allowing banks to use cryptocurrencies or distributed ledger technology, or DLT, without prior notice or approval. Kulechov said that authority covers business areas including custody, staking and lending, and described the bill as establishing a legal basis for U.S. banks to offer crypto-related services in a compliant manner, potentially broadening traditional financial institutions’ participation in the crypto business market.

Crypto analyst Murphy (@Murphychen888) said BTC supply concentration within a plus-or-minus 5% range of the spot price has risen to 12%. Murphy said supply concentration is one of the key indicators used to gauge volatility, as an excessive build-up of holdings at a specific price range can trigger broad position movement even on small price swings, potentially causing sharp volatility. Murphy added that if BTC continues to trade sideways in the $62,000-$66,000 range for the time being, supply concentration could rise further, increasing the likelihood of a strong move higher or lower and a redistribution of holdings.

Kenya’s Treasury has lowered the minimum paid-in capital requirement for stablecoin issuers by 40% from an earlier draft to $2.32 million (300 million Kenyan shillings), BitcoinNews.com reported. Rules aimed at investor protection will remain in place, including a requirement for issuers to back stablecoins one-to-one with reserve assets and honor redemption requests within two business days. Kenya’s central bank will also have the authority to restrict the circulation of offshore-issued stablecoins.