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London Stock Exchange-listed Smarter Web Company (SWC) announced it sold 177.89 BTC worth $11.69 million. The proceeds were used to repay debt to asset manager TOBAM, reducing the company’s holdings to 2,700 BTC.

The hacker who stole about $285 million in crypto assets from Solana-based decentralized perpetual futures exchange Drift in April has started moving the funds again after about three months, according to Onchain Lens. The wallet has been depositing 100 ETH at a time into the Tornado Cash router multiple times per minute. The hacker had earlier sold the stolen assets, moved the proceeds to the Ethereum blockchain and swapped them into about 129,000 ETH. Tornado Cash is an Ethereum-based mixing protocol designed to obscure crypto deposit and withdrawal records, making it difficult to trace transaction histories between senders and recipients.

Mirae Asset Group, which owns cryptocurrency exchange Korbit, has unveiled plans to rename Korbit as Digital X and lead a new investment paradigm centered on the convergence of traditional finance and digital assets. Mirae Asset plans to officially change the name after completing procedures including a Korbit shareholders’ meeting, Maeil Business Newspaper reported.

South Korean crypto exchange Coinone has completed the Financial Intelligence Unit’s acceptance of its filing on a change in largest shareholders, finalizing the shareholder entry process for Korea Investment & Securities and OKX Ventures, Yonhap Infomax reported. A filing on executive changes was accepted on June 26. The two newly added companies have now become Coinone’s joint third-largest shareholders, behind Coinone CEO Cha Myung-hoon, the largest existing shareholder with a 30.36% stake, and Com2uS Holdings, the second-largest shareholder with 24.54%.

Crypto influencer Park, known as "Etherfather," was sentenced to four years in prison on unfair trading charges, Digital Asset reported. The 11th Criminal Division of the Seoul Southern District Court also ordered forfeiture of about 223 million won ($160,000) after convicting Park of violating the Virtual Asset User Protection Act. An accomplice identified as A received two years and six months in prison and forfeiture of about 45 million won ($32,000), while B was sentenced to three years in prison, suspended for five years, along with forfeiture of about 75 million won ($54,000) and confiscation of 24 ETH. The defendants were indicted in May after allegedly spending several million won in early 2025 to issue CATFI, a Solana-based memecoin, on Pump.fun and list it on a decentralized exchange before carrying out a rug pull that generated 400 million won ($287,000) in illicit gains.

Seven Democratic U.S. senators have also voiced opposition to a revised version of the CLARITY Act that adds ethics rules for public officials, increasing uncertainty over whether the bill can pass before the August recess, according to BeInCrypto. Sens. Catherine Cortez Masto, Angela Alsobrooks, Cory Booker, Ruben Gallego, John Hickenlooper, Mark Warner and Raphael Warnock said the bill still needs stronger provisions on consumer protection, illicit finance prevention and market integrity, not just ethics rules. Banking industry groups also said deposit risks remain a concern and argued the revised bill could still curb regional lending. Compared with the draft released in May, the revised version newly adds ethics rules restricting public officials from issuing or endorsing cryptocurrencies, as well as law enforcement provisions allowing the seizure of stablecoins. It keeps the existing framework under which the SEC and CFTC share oversight of cryptocurrencies.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.51% long, 49.49% short - Binance: 50.47% long, 49.53% short - OKX: 51.05% long, 48.95% short - Bybit: 49.91% long, 50.09% short

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

Swiss bank BancaStato has launched a regulated cryptocurrency trading service with crypto bank Sygnum, Cointelegraph reported. The new offering allows BancaStato customers to buy, sell and hold four cryptocurrencies, including BTC, ETH, LTC and SOL, through the bank’s existing internet banking and mobile banking apps. BancaStato said it has joined more than 25 financial institutions using Sygnum’s B2B platform to provide regulated crypto services.

Binance announced it will temporarily suspend deposits and withdrawals for Polygon-based tokens at 2:00 p.m. UTC on July 29 to support the Polygon (POL) network upgrade and hard fork.

Iran’s Revolutionary Guard said it attacked a U.S. military base in Jordan and destroyed the radar of the THAAD missile defense system there, according to Iran’s Tasnim News Agency. The group also said it destroyed one Patriot system and a C-RAM radar, and claimed a fire broke out at the base’s fuel storage facility.

South Korean financial authorities are reviewing a plan to separate and regulate digital asset custody, or safekeeping, as an independent business area in line with the opening of the digital asset market to corporations. Kim Sung-jin, head of the virtual asset division at South Korea’s Financial Services Commission, said at a conference held at the National Assembly today that smooth trading cannot take place unless the safe storage and management of digital assets is ensured, according to The Asia Business Daily. Kim said there is little room for debate over separating custody into a distinct line of business as South Korea pushes second-phase legislation, described as a basic law on digital assets, and is now considering detailed rules on market entry and business conduct.

South Korean exchange Upbit announced it will suspend GLMR deposits and withdrawals at 11:00 a.m. UTC on July 29 due to Moonbeam's network transition.

An address believed to belong to Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 6,009 ETH and 62.31 WBTC to Binance, Onchain Lens reported. The ETH deposit was worth $11.56 million, while the combined value of the assets was $15.65 million. The address had been buying BTC and ETH since late May.

Bitcoin inflows to Binance have continued, but outflows have remained at a similar scale and investors appear to be shifting toward long-term holding, on-chain analyst Xwin Research Japan said. Xwin Research Japan said large BTC deposits are generally interpreted as a sign of selling pressure, but net inflow data, which reflects both deposits and withdrawals, should also be considered when assessing market direction. Recently, even as BTC deposits to Binance have continued, withdrawals have offset most of them, suggesting incoming supply is either being absorbed by the market or moved back into long-term storage wallets. Xwin Research Japan said this indicates investors are using Binance as a source of liquidity while continuing to reduce exchange-held balances. In the short term, higher deposits could bring volatility, but overall selling pressure does not appear likely to persist. The analyst added that Binance flow data should be monitored alongside ETF fund flows, exchange reserves and stablecoin liquidity to judge whether the market is in an accumulation phase or a selling phase.

Binance announced it will temporarily suspend its stock trading service for system maintenance from 10:50 a.m. UTC to 2:00 p.m. UTC on July 25.

More than $7.5 million in assets was stolen from Verus' Ethereum cross-chain bridge in an exploit, Onchain Lens reported. The hacker drained the funds by forging cross-chain proofs and withdrawing reserve assets on Ethereum that had not been unlocked on the Verus chain. The Verus bridge was previously hit by an $11.58 million hack in May.

About $69.1 million in net inflows entered U.S. spot Bitcoin ETFs on July 22, according to Farside Investors, marking a seventh consecutive trading day of net inflows. - BlackRock IBIT: +$38.8 million - Fidelity FBTC: +$21.5 million - Bitwise BITB: +$5.4 million - Morgan Stanley MSBT: +$3.8 million - Grayscale GBTC: -$38.3 million - Grayscale Mini BTC: +$37.9 million

U.S. spot Ethereum ETFs recorded a net inflow of $72.7 million on July 22, according to Farside Investors. The inflow marked the fourth consecutive trading day of net inflows. - BlackRock ETHA: +$53.5 million - Fidelity FETH: +$19.2 million

Coinbase plans to increase the size of its Singapore office to about 200 employees by the end of this year from about 150 now, Tech in Asia reported. Coinbase obtained a full Major Payment Institution license in Singapore under the Payment Services Act in October 2023 and has since expanded its investment in Singapore and across Asia.

Kazakhstan has approved rules for a strategic digital mining program that guarantee electricity supplies to cryptocurrency mining companies for up to 10 years, according to a report by a West Asian media outlet. Under the rules, participating companies can receive power allocations from electricity generators at capped rates. In return, they must transfer part of their mined cryptocurrency to Kazakhstan’s Silicon Valley, Astar Network, or a hub, and the assets will be held in trust by a state investment corporation under the central bank before being used to expand the country’s strategic crypto reserve.

South Korean exchange Bithumb announced the listing of CheckMate (CHECK) today at 6:00 a.m. UTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $28.18 million liquidated (61.64% longs) - ETH: $40.12 million liquidated (58.4% shorts) - SPCX: $9.02 million liquidated (97.85% longs)

South Korean Rep. Kim Hyun-jung of the Democratic Party called for swift passage of a second-phase digital asset bill covering won-denominated stablecoins at a conference held at the National Assembly Members' Office Building on July 23, Edaily reported. Kim said South Korea needs to prepare as broader dollar stablecoin adoption is expected after the GENIUS Act takes full effect in January next year and the U.S. market structure bill, the CLARITY Act, could come to a vote as early as next week. At the same event, when asked whether the government’s digital asset basic law on stablecoins would be released in the second half of the year, Kim Sung-jin, head of the virtual asset division at South Korea’s Financial Services Commission, said the schedule remains under discussion with relevant agencies and the National Assembly and that officials are working to move as quickly as possible, as outlined in the government’s economic policy direction for the second half.

SkyBridge Capital founder Anthony Scaramucci said the crypto ethics provisions in the CLARITY Act are not sufficient and argued that insider trading by members of Congress should be banned more broadly. In an interview with CNBC, Scaramucci stressed that the same ethical standards should apply not only to digital assets but also to lawmakers’ stock trading.