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TradFi-based perpetual futures open interest has more than doubled since May to top $2 billion, according to CryptoQuant’s proprietary data. Binance accounted for about 35% of the overall TradFi market, marking the largest share, CryptoQuant said.

BTC may be nearing the end of its bear market, with a trend reversal becoming more likely as the downtrend gradually weakens, according to a CryptoQuant analysis. CryptoQuant said declines following Bitcoin’s all-time high have been getting shorter while rebounds have been growing larger. The drop in early July fell only slightly below the low seen in early February, and BTC has since held relatively steady around $60,000, suggesting selling pressure is easing. It added that technical indicators were also constructive, with the MACD and RSI showing a bullish cross, bullish divergence, and oversold signals consistent with bottom formation. Still, CryptoQuant said a final wave of selling remains possible and projected the ultimate bottom could form around $51,336. It added that the area near $50,000 overlaps with a major historical support zone, holders’ average cost basis, and the 200-week moving average, creating conditions similar to past bear-market bottoms.

BNY Mellon brings blockchain-based transfer agency system to $8.6 trillion fund services business BNY Mellon has introduced a blockchain-based transfer agency system for its $8.6 trillion fund services business, Solid Intel reported. The new system is designed to manage fund transaction records and investor ownership records on-chain.

Whale Alert reported that 250,760,000 USDT has been transferred from OKX to an unknown wallet. The transaction is valued at about $251 million.

Selini Capital founder Jordi Alexander denied recent claims that the crypto venture capital firm was conducting large-scale sales of HYPE. In a post on X, Alexander said Selini Capital’s HYPE holdings are being used across the ecosystem for fee staking, liquidity provision, HyperEVM arbitrage and HYPE bidding, rather than being held for simple sale. Alexander added HYPE is currently trading at a fair value based on its fundamentals, while further upside will depend on whether higher TradFi trading volumes can translate into actual protocol fee growth. Earlier, Lookonchain said an address linked to Selini Capital deposited 495,000 HYPE worth $26.8 million to OKX five hours earlier.

Crypto exchanges are rapidly expanding into tokenized traditional financial assets as competition intensifies with traditional finance and decentralized exchanges, Cointelegraph reported. The market capitalization of tokens tied to traditional assets including precious metals, U.S. stocks, commodities, global indices and foreign exchange rose about fivefold to $6.6 billion in June this year from $1.4 billion in January last year. The survey covered major exchanges including Binance, OKX, Bybit, Bitget, Gate and MEXC. Precious metals tokens led the market’s early growth, but U.S. stock products later gained traction quickly. By mid-2026, U.S. stock perpetual futures had surpassed precious metals products in both trading volume and open interest, amid strength in semiconductor-related names and expectations for IPOs. Most trading was concentrated in perpetual futures, while spot trading remained relatively limited. Cointelegraph said the derivatives-heavy market structure reflects investors’ preference for leverage as well as exchanges’ ability to list perpetual futures without directly holding tokens tied to the underlying assets.

Bybit announced the addition of GRVT spot trading at 5:00 a.m. UTC on July 30.

K33 says July BTC spot trading set for weakest level since November 2023 Crypto research firm K33 said July Bitcoin spot trading volume is on track to be the weakest since November 2023. In a report released Tuesday, K33 said average daily spot volume in July stood at $2.2 billion, while open interest in CME Bitcoin futures also remained at an unusually low level not often seen since 2023.

Hungary has scrapped a third-party verification requirement for cryptocurrency transactions and issued its first Markets in Crypto-Assets (MiCA) license to a domestic company, Cointelegraph reported, citing local legal outlet Ado.hu. Hungary’s parliament passed a bill repealing third-party verification procedures that had applied to some crypto conversion transactions. The measure had been introduced under a crypto law enacted in 2024 and, from July 1, 2025, local time, required licensed verification agencies to confirm the origin of crypto assets, wallet ownership and customer information before issuing compliance certificates. Finance Minister Kármán András said the previous rules had caused confusion in the crypto market and led some operators to suspend services, adding that the requirement was withdrawn to ease market disruption.

Jan3 CEO Samson Mow said Bitcoin should not rush to adopt post-quantum, or PQ, signatures, warning the move could weaken existing security. In a post on X, Mow said he had argued months earlier that a hasty shift to a PQ signature scheme could create new vulnerabilities that could be exploited even in current computing environments. Mow added that the risk now also includes the possibility that AI could identify such vulnerabilities more quickly. Replacing the current signature system with PQ signatures too quickly could expose Bitcoin to attacks using conventional computers rather than protect it from quantum computers, he said, meaning efforts to guard against a future threat could end up weakening security today. Mow said PQ signatures should be pursued when quantum computers become a real threat.

JustLend DAO, a TRX-based lending platform, said it has permanently burned a cumulative 1.60459 billion JST worth about $161.19 million.

Michaël van de Poppe said Bitcoin is maintaining a solid rebound and is likely to extend its upward move after the Federal Open Market Committee meeting. He said BTC posted a strong rebound today, while South Korean stocks formed long lower wicks that signaled a bottom. From the current perspective, he said both the Nasdaq and Bitcoin have room to rise. Van de Poppe added the market appears to have priced in excessive fear ahead of the FOMC, and said Bitcoin’s resilience supports the view that the rally will continue.

Japanese game company gumi announced it will begin managing SBI Crypto Fund I on Aug. 1 through its subsidiary gC Labs. The cryptocurrency fund was jointly established with SBI Neo Financial Services, with participation from multiple investors including Daiwa Securities Group, and will use staking, rebalancing and hedging strategies centered on Bitcoin and major altcoins. Gumi said it aims to build a track record and accumulate data with a possible approval of cryptocurrency ETFs in Japan in mind, while also reviewing ways to incorporate cryptocurrencies into investment trusts in the future.

$368.88M in BTC longs face liquidation if BTC falls below $63,289 According to CoinGlass data, if BTC falls below $63,289, about $368.88 million in long positions on major centralized exchanges would be liquidated. If BTC rises above $64,696, about $294.24 million in short positions would be liquidated.

Nexo said it has put a compliance framework in place across the European Economic Area ahead of the rollout of Europe’s Markets in Crypto-Assets regulation and is continuing to operate without service disruptions. The crypto lending firm said its European business is currently run through Tangany, a custody provider with a MiCA license, and DLT Finance, which is authorized under MiCA and the Markets in Financial Instruments Directive. Tangany provides digital asset custody infrastructure, while DLT Finance provides brokerage infrastructure for digital assets and financial instruments.

Upbit announced it will temporarily suspend ATOM deposits and withdrawals from 9:00 a.m. UTC on Aug. 5 to support the Cosmos network upgrade.

Analyst says BTC exchange inflows near multi-year lows, with selling pressure still limited Bitcoin has remained weak, but exchange flow data has yet to show clear selling pressure, according to on-chain analyst Axel Adler Jr. BTC is currently trading around $64,000, and about 60,000 BTC flowed into exchanges over the past month, Adler said. That was about 24% below the average for the past year and near the lowest level in years, indicating potential sell-side supply moving to exchanges has not yet increased clearly. Adler added exchange flows remain in a neutral zone, showing neither rising selling pressure nor a supply shortage, and on-chain data alone still lacks clear evidence to support a directional view on Bitcoin’s price.

Upbit announced it will temporarily suspend INJ deposits and withdrawals from 11:00 a.m. UTC today to support the Injective network upgrade.

BTC perp long/short ratios on top exchanges by open interest 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: 50.32% long, 49.68% short - Binance: 51.33% long, 48.67% short - OKX: 50.35% long, 49.65% short - Bybit: 50.82% long, 49.18% short

Binance’s stock investment platform bStocks has surpassed xStocks in assets under management, with AUM reaching about $599 million versus roughly $589 million for xStocks, according to Dune Analytics.

Vanta, a decentralized perpetual futures exchange, said it will hold a trading competition with a total prize pool of 100,000 USDC starting at 8:00 a.m. UTC on July 30. Users will receive USDC rewards in proportion to their trading volume during the event, while also being able to participate in Vanta’s weekly points rewards program. Vanta said it allocates a weekly reward pool of 1 million points to users and ecosystem contributors. The platform, which launched its full service on July 16, has now surpassed $300 million in cumulative trading volume. Vanta added that the project was founded and is led by former key executives from major centralized exchanges including Bitget and OKX, and currently supports derivatives trading across a range of assets including cryptocurrencies, stocks, gold, foreign exchange, commodities, and indices.

Japanese listed AI data center company eole said it bought ¥10 million ($67,000) worth of HYPE and plans to raise the total investment to ¥100 million ($670,000) by the end of August. The company said the purchase marks the first HYPE acquisition by a Japanese listed company. Under its “Neo Crypto Bank” initiative, a vision for next-generation financial infrastructure, eole added HYPE alongside Bitcoin as a strategic asset. The company said Hyperliquid, a layer-one blockchain, is well suited for trading by autonomous AI agents and described the purchase as part of building on-chain financial infrastructure rather than seeking short-term trading gains.

UK regulator says stablecoins likely to see slow uptake in retail payments Stablecoins have the greatest near-term utility in cross-border payments, but their adoption in UK retail payments is likely to be slow, the UK Financial Conduct Authority said, according to Cointelegraph. In policy discussions the FCA held with banks, payment companies and stablecoin issuers, participants said stablecoins offer the biggest cross-border payment advantages in emerging markets with limited access to U.S. dollars. By contrast, benefits are limited in major remittance corridors where existing payment networks are already fast and inexpensive. UK consumers have little incentive to switch from current payment methods, while merchants could benefit from lower costs and faster settlement times. The outcome of those discussions was reflected in the FCA’s June 30 final rules requiring stablecoins issued in the UK to be backed 100% by reserve assets and redeemable at par, and it will also be used in future policy on stablecoin payments.

South Korea’s Financial Services Commission Chairman Lee Eog-weon said the government has completed a draft bill on stablecoins and plans to submit it to the National Assembly as quickly as possible in the second half of the year, Edaily reported. Speaking at a full session of the National Policy Committee at the National Assembly in Seoul on July 29, Lee made the remarks in response to a question from Rep. Lee Hae-min of the Rebuilding Korea Party about when the government would submit its version of a basic digital asset law related to stablecoins. Lee said the draft is ready, but some differences remain unresolved.

Solana announced on X that SIMD-0286, a governance proposal to raise the block compute unit limit from 60 million CU to 100 million CU, has been applied to mainnet. The higher block computing limit is expected to improve transaction throughput and performance.