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BTC has posted relative strength for a second straight week, holding up better than U.S. and European equities despite a negative backdrop from a recent surge in international oil prices tied to geopolitical risks involving Iran, on-chain analytics firm Glassnode said in a report. Glassnode said the price gain despite adverse factors suggests market selling pressure has largely been absorbed. The firm added the macroeconomic backdrop also appears to be improving, with U.S. inflation slowing for the first time in five months. Ahead of next week's Federal Open Market Committee meeting, benchmark interest rates still remain restrictive at more than one percentage point above core inflation, Glassnode said. If the Federal Reserve signals the possibility of rate cuts, that could create a favorable macro environment for Bitcoin, it added.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of PROS at 3:00 a.m. UTC on July 26 to support the Pharos network upgrade.

EU High Representative for Foreign Affairs and Security Policy Kaja Kallas said the bloc had imposed sanctions on more than 100 banks and cryptocurrency operators, more than 40 shadow fleet vessels, and multiple refining facilities in Russia and Belarus.

A hacker who stole $285 million worth of cryptocurrencies in an April hack of Solana-based decentralized perpetual futures exchange Drift (DRIFT) laundered 24,400 ETH worth $47 million through crypto mixing protocol Tornado Cash over the past two hours, EmberCN reported.

Crypto intellectual property developer Unserious said on its official X account it has acquired Creepz, although it did not disclose the size of the deal. Unserious has previously led projects including ApeCoin (APE), and said the team now includes well-known NFT artist Psychrome and the team behind the ApeCoin launch, who are set to lead the ecosystem for the upcoming CREEPZ token.

UK-based web developer Smarter Web Company (SWC) sold 177.9 BTC at an average price of $65,762 and repaid an $11.7 million debt to digital asset manager TOBAM two weeks ahead of schedule, The Block reported. The early repayment canceled a planned issuance of 7,718,551 new shares.

Robinhood Chain’s stock token assets have surpassed $20 million, on-chain analyst Tom Wan said on X. By asset type, stocks accounted for the largest share at 86%, followed by ETFs at 6%, commodities at 4.6%, and U.S. Treasuries at 3%. A total of four assets had more than $1 million in holdings: Nvidia (NVDA) at $3.3 million, SpaceX (SPCX) at $1.6 million, Tesla (TSLA) at $1.5 million, and Micron (MU) at $1 million.

XRP may have room to rise about 16% from its current price of $1.13 to $1.32 after completing an inverse head-and-shoulders pattern on the daily chart, according to an analysis by The Crypto Basic. The outlet said XRP formed a low at $1.05 on July 13, then rebounded about 8% to build the bullish pattern. It added that XRP broke above a downtrend line that had persisted since May on July 21. As long as support around $1.09 holds, the inverse head-and-shoulders pattern remains valid, with a target price of $1.32.

If BTC rises above $66,738, about $530.89 million in short positions could be liquidated across major centralized exchanges, according to CoinGlass data. If BTC falls below $65,289, about $133.03 million in long positions could be liquidated.

Kakao Pay Securities is pushing an investment plan using stock tokenization to improve U.S. retail investors’ access to South Korean equities, Edaily reported. In partnership with U.S. financial firm Siebert Financial, the company plans to tokenize South Korean stocks so U.S. retail investors can invest in them around the clock.

BitMEX said it will shut down exchange operations at 4:00 a.m. UTC on Sept. 23 after a strategic review of its business and the cryptocurrency industry. The exchange said new account registrations were suspended immediately, and users must close positions and withdraw assets before the shutdown. Starting at 4:00 a.m. UTC on Aug. 26, users will no longer be able to open new positions and will only be allowed to reduce existing ones. Any open positions remaining before the shutdown will be forcibly liquidated by the time operations end, and positions still on the books at the cutoff will be liquidated immediately, BitMEX said. After the shutdown, users will still be able to log in, check balances and withdraw assets, but trading services will no longer be available. BitMEX added that if users who have completed KYC leave assets in their accounts after the shutdown, an account fee equal to $50 per month or 1% annually, whichever is greater, will apply. Founded in 2014, BitMEX is a first-generation derivatives exchange. Its founders are Arthur Hayes, Ben Delo and Samuel Reed. Since 2020, the company has faced pressure including lawsuits from the U.S. Department of Justice and the CFTC. After losing its lead in the derivatives market to later entrants including Binance, Bybit and OKX after 2014, BitMEX pursued a sale, but no deal was completed.

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.