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Texas residents have lost a total of $56.8 million to cryptocurrency ATM scams over the past year, according to Cryptopolitan. An estimated 1,200 residents in the state have fallen victim to these schemes. The scams typically involve fraudsters impersonating government officials or corporate employees. They contact victims by phone, falsely claiming the target is in legal trouble or owes money. The scammers then instruct the victims to convert cash into cryptocurrency at an ATM and transfer it to a designated wallet address.

An anonymous whale address starting with 0xd0a2 sold seven million 币安人生 tokens, worth approximately $4.95 million, today, EmberCN reported via X. Of the total, 6.9 million tokens (about $4.88 million) were transferred to Binance, while the remaining 100,000 tokens (around $70,000) were swapped for BNB. The address initially acquired 18.5 million 币安人生 for just 2.14 BNB (approximately $2,480) shortly after the token's launch last October, realizing a 5,000-fold return. The whale began taking profits in early June and has since sold a total of 10.5 million 币安人生 for about $7.33 million. The address still holds eight million 币安人生, valued at around $5.71 million.

South Korea's Fair Trade Commission (FTC) has approved the business combination of Mirae Asset Financial Group and cryptocurrency exchange Korbit, The Asia Business Daily reported. Although the acquiring entity is Mirae Asset Consulting, a non-financial affiliate, the FTC considered the acquisition to have been made by Mirae Asset Group itself. The decision is expected to stimulate various types of transactions involving exchange equity.

Russia's largest private bank, Alfa-Bank, plans to offer cryptocurrency-related services to both individual and corporate clients, crypto media outlet Bits.media reported. Dmitry Bitman, the bank's Chief Operating Officer (COO), explained that it will develop open blockchain-based investment products to attract foreign investment and also plans to provide digital custody services.

Robinhood Chain has generated $57,000 in on-chain revenue since its launch, with 8% of this amount being distributed to the Arbitrum DAO treasury, according to on-chain analyst Tom Wan. Citing a post by Steven Goldfeder, co-founder of Arbitrum developer Offchain Labs, Wan explained that 10% of fees collected from all Arbitrum Layer 2 (L2) networks, including Robinhood Chain, flow into the Arbitrum ecosystem. Wan added that this revenue-sharing structure shows how institutional use of Arbitrum benefits the ARB token. According to Goldfeder, 8% of the 10% share is allocated to the treasury, while 2% goes to development funds. Fees collected on Arbitrum One are directed entirely to the Arbitrum treasury.

Joe Burnett, vice president of the Nasdaq-listed company Strive, which maintains a strategic Bitcoin reserve, stated that understanding the concept of BTC's break-even Annualized Rate of Return (ARR) is key to grasping the market's structure. On X, he outlined three primary ways global capital invests in BTC. The first is a long-term bullish strategy, where investors who can secure long-term financing for under 20% annually use it to purchase more BTC. The second is a neutral strategy, represented by digital credit, which views a mere 3.3% annual rise in BTC as sufficient to sustain dividends through capital gains. Burnett noted that investors with this outlook simply require BTC to survive and outperform inflation long-term, a perception he suggested may already be somewhat priced into the market. The final approach is a bearish strategy, involving shorting BTC or its leveraged products to bet on price declines. He concluded by explaining that BTC-linked financial products tailored to these three investment styles already exist and will serve as the channel for $1 quadrillion in global capital to enter the market.

According to Iran's state-run Press TV, Iran has launched a retaliatory attack against a U.S. military base in Kuwait.

Bitcoin is in an undervalued range, and a significant price recovery could occur once long-term holders (LTHs) reduce their loss-selling, according to an analysis by on-chain analytics firm Glassnode. The firm's report stated that for the past five months, the price of BTC has remained below both its True Market Mean (TMM)—the average price of actively traded BTC—and the cost basis for short-term holders. During this time, loss-selling by LTHs accounted for up to 43% of all realized profit and loss, with daily losses reaching $280 million, the highest level since December 2022. While ETF fund flows have somewhat calmed, they continue to see net outflows. Daily trading volume is also lingering between $650 million and $950 million, down approximately 80% from its peak last October, indicating that institutional demand has not yet clearly stabilized. In the derivatives market, investors are beginning to cautiously bet on an upside. The put/call ratio has fallen to its lowest point this year, yet the broader options market remains wary of downside risk. The spot price is also trading well below the "Max Pain" level, the price at which option buyers would incur the greatest losses. Glassnode concluded that from three perspectives, the market is showing consistent signs of being in the latter stages of a bear market. The firm emphasized that while the market has the necessary conditions to form a bottom, confirming signals have not yet appeared. A reversal in sentiment would require a further easing of selling pressure from LTHs, stabilization in institutional fund flows, and ideally, a sustained rise in the BTC price above the TMM.

Global payments infrastructure company Nium has acquired crypto wallet app CYPR, the latter announced. As a result of the acquisition, existing CYPR services—including its app, business card platform, and ecosystem—will be phased out and will only be available until Sept. 6, 2026. While card top-ups have already been suspended, payment functions will remain active until Aug. 7. CYPR Rewards will be paid out for transactions made through July 16.

CoinMarketCap's Altcoin Season Index has risen to 51, an increase of three points from yesterday. The index determines whether it is an "altcoin season" by comparing the performance of the top 100 coins (excluding stablecoins and wrapped coins) against Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over the preceding 90 days. Conversely, a period of Bitcoin outperformance is termed a "Bitcoin season." A score closer to 100 signifies a stronger altcoin season.

Hyundai Card and Hyundai Motor have completed a Proof of Concept (PoC) for remittances between the automaker's U.S. and Mexico subsidiaries using stablecoins, The Asia Business Daily reported today. The companies plan to conduct a subsequent PoC between Hyundai Motor's European subsidiaries. The recent test involved stablecoin issuer Tether, Avalanche, and blockchain payment infrastructure firm Axiym, in addition to Hyundai Card and the Hyundai Motor subsidiaries.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap registered 26 today, down two points from yesterday, indicating that the market remains in a state of 'Fear.' The index measures market sentiment on a scale of 0 to 100, where 0 represents extreme fear and 100 signifies extreme optimism. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives data such as the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

The Spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom section shows the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price remains in a certain range for an extended period or moves significantly. These brighter areas may act as potential support or resistance levels. - The bottom CVD indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Polymarket is accelerating its re-entry into the U.S. market with a major marketing offensive, The Washington Post reported. The company has signed partnerships with Major League Baseball (MLB), CNBC, and CNN, and is also promoting its services through social media influencers as part of a strategy to enhance its brand's legitimacy and market credibility. Polymarket withdrew from the U.S. market four years ago after reaching a settlement with the U.S. Commodity Futures Trading Commission (CFTC) over allegations of offering illegal derivatives trading. The company subsequently faced controversies, including regulatory investigations and a raid on its CEO's home, but all related probes were terminated following a change in the U.S. administration. Polymarket is now pursuing a resumption of its U.S. operations by offering compliant sports betting products under the supervision of the CFTC.

DeFi asset management platform Zapper will cease operations on Aug. 3, The Block reported. Zapper co-founder and CEO Seb Audet said the team explored multiple possibilities and tried every available option before concluding that shutting down the service was the most appropriate decision. Launched in 2019, Zapper is a DeFi portfolio tracking platform that allows users to view multiple liquidity pools, investment statuses, and reward histories in one place.

An address believed to belong to crypto investment firm Multicoin Capital deposited 167,000 HYPE, worth $11.2 million, to Galaxy Digital's over-the-counter (OTC) desk approximately 38 minutes ago, according to Onchain Lens. Deposits to trading desks are typically interpreted as an intent to sell.

U.S. Senator Ron Wyden, a Democrat, has urged Senate leadership to ensure that a provision protecting blockchain developers remains in the final version of the CLARITY Act. In a letter to Senate Majority Whip John Thune and Senate Majority Leader Chuck Schumer, Wyden requested that Section 604, the Blockchain Regulatory Certainty Act (BRCA), be included in any future amendments to the CLARITY bill. The BRCA, originally a separate bill now integrated into the CLARITY Act, aims to establish a legal safe harbor ensuring that developers of non-custodial blockchain software are not treated as money transmitters. The bill was introduced earlier this year by Republican Senator Cynthia Lummis, with Wyden as the sole Democratic co-sponsor. Wyden stressed that sound policy allows for both law enforcement and innovation, and that the BRCA must be included as the bill is debated. The cryptocurrency industry supports the provision, arguing it provides legal clarity for developers and helps prevent blockchain development from moving overseas. However, some law enforcement agencies have voiced opposition, concerned that it could weaken safeguards needed to combat human trafficking and investigate crimes.

Binance Wallet has integrated Plume's flagship yield-bearing vault, nBASIS, allowing users to invest on-chain in tokenized funds from Bitwise and Invesco, The Block reported. The available products are the Invesco Short Duration U.S. Government Securities Fund (USTB) and the Bitwise Crypto Carry Fund (USCC). The USTB fund currently holds over $860 million in assets under management, while the USCC fund manages over $170 million. Both funds, which were tokenized by Superstate, are currently offering yields of around 3.5%.

Stock token trading volume reached an all-time high of $3.4 billion in June, marking a 279% increase from the previous month and a 1,400% rise year-over-year, according to market analysis firm The Kobeissi Letter. Data revealed that Solana captured over 90% of this volume, with more than 60% of all trades occurring outside regular market hours and on weekends. The firm noted this demonstrates a clear demand for 24/7 trading, which contrasts with the operating hours of traditional finance (TradFi) markets. Crypto analyst Hupzy analyzed that Solana is poised to benefit as a settlement layer as capital for stocks and pre-IPO shares moves on-chain. Hupzy added that the key question is whether this growth momentum can be sustained through July.

The Iranian military has announced it will soon launch a large-scale attack on U.S. military bases in the region, Iran's state-run Nour News reported, citing a military source.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.28% - Nasdaq: +0.20% - Dow Jones: -1.09%

Blockchain and mobile payments company Block has agreed to a $45 million settlement with regulators in most U.S. states over false advertising claims related to its Cash App, The Block reported. According to regulators, including the New York Attorney General's Office, Cash App advertised that it offered protections similar to those of traditional banks, leading users to believe their funds were as secure as bank deposits. They also alleged that Block lacked a consistent fraud detection system and did not provide a customer support hotline for reporting fraudulent activity. Block agreed to the $45 million payment but did not admit to any legal liability or wrongdoing. The company stated that the settlement resolves a previously disclosed matter concerning past business practices.

U.S. stock and crypto trading app Robinhood (HOOD) announced via its official X account that it will cover all gas fees over $5 for users swapping cryptocurrencies on the Robinhood Chain through the Robinhood Wallet.

According to the latest Federal Reserve meeting minutes, all participants agreed to maintain the current target range for the benchmark interest rate. While some attendees expressed the view that a rate hike would be necessary, they supported the decision to hold rates steady at this meeting.

According to the Federal Reserve (Fed) meeting minutes, a majority of participants noted that inflation could remain elevated due to factors such as demand related to artificial intelligence (AI), the conflict in the Middle East, and tariffs. In light of this, nearly all participants expressed the view that some degree of policy tightening may be necessary.