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According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,007.41 on the Binance USDT market.

Galaxy Digital (GLXY) has bought a 500-acre site in McGregor, Texas, for its second AI and high-performance computing data center campus, The Block reported. The project will start with 74 megawatts of capacity, and the company plans to keep expanding it through 2030. Galaxy Digital has recently been accelerating a business shift toward AI infrastructure, in line with other mining companies.

A Senate vote on the CLARITY Act is unlikely to take place this week, as lawmakers are expected to prioritize a Russia-Iran sanctions bill, according to Crypto In America host Eleanor Terrett, who shared John Thune's remarks on X. Thune, the U.S. Senate majority leader, said Senate rules require filing cloture on the motion to proceed to secure a vote on July 29, but legislative staff expect the Russia-Iran sanctions bill to be taken up first. As a result, the crypto industry also expects the vote to happen next week rather than this week. Thune added it is essential for Senate leadership to complete at least the cloture process before the August recess. CoinDesk had earlier offered a similar outlook, saying the Senate's practice of handling only one contentious bill at a time makes it difficult to take up the CLARITY Act until other agenda items are cleared.

Open interest in TradFi-based perpetual futures traded on cryptocurrency exchanges has more than doubled since May to reach $2 billion, according to CryptoQuant data. Binance has held onto the top spot with about 35% of total open interest in the TradFi perpetual futures market, in addition to its crypto business. The growth suggests crypto exchanges are becoming core platforms for 24-hour, onchain trading not only in digital assets such as Bitcoin and Ethereum, but also in traditional financial assets.

PayPal (PYPL) said it posted an $81 million loss in its cryptocurrency segment in the second quarter, following a $74 million loss in the first quarter and extending losses through the first half of the year, according to U.Today. In its quarterly earnings report, PayPal said the crypto segment is separated from operating expenses and does not affect core operating costs. Despite the net loss in crypto, payment-related revenue from Venmo and the PYUSD stablecoin increased, helping total revenue reach $8.68 billion, above estimates, while net income came to $1.104 billion.

An address estimated to be tied to Bitwise’s Hyperliquid spot ETF, BHYP, deposited 39,310 HYPE worth $2.13 million to Coinbase an hour ago, Onchain Lens reported. Exchange deposits are typically interpreted as being intended for sales. The address has deposited a total of 286,900 HYPE worth $17.35 million to Coinbase over the past few weeks and currently holds 354,040 HYPE worth $19.25 million.

Two newly created wallets withdrew ETH from exchanges today, according to crypto on-chain analyst The Data Nerd. A wallet beginning with 0xfC2c withdrew 10,000 ETH ($18.81 million) from Bybit, while a wallet beginning with 0x49D9 withdrew 2,101 ETH ($3.95 million) from Binance. Exchange withdrawals are typically interpreted as moves into holding wallets.

Stargate (STG), the multichain bridge of LayerZero (ZRO), is adding support for NEAR Intents, NEAR Protocol’s cross-chain transaction system, according to NEAR Protocol’s official X account.

A revised Maine law extending the presumed dormancy period for unclaimed cryptocurrency to five years is set to take effect on July 29, but the state treasury’s guidance still lists the period as three years, raising the prospect of confusion, CryptoSlate reported. Unclaimed cryptocurrency refers to crypto assets left dormant after individuals or institutions forgot they held them. According to the report, Maine’s amended unclaimed property law specified implementation dates for changes involving other asset classes but omitted the timeline for cryptocurrency. If the presumed dormancy period expires, the assets are transferred to the state government.

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.