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Bitcoin has seen daily price moves of more than 1% on an average of 228 days a year, compared with 68 days for the S&P 500, according to Unfolded. Bitcoin also posted moves of more than 2% on about 144 days a year on average, far above the S&P 500’s 18 days.

A whale wallet dormant for 12.7 years transferred 500 BTC to a new address. The holdings were worth about $31.31 million.

Bitmine said it bought an additional 10,399 ETH last week, bringing its holdings to 5,797,813 ETH, equivalent to 4.8% of Ethereum’s total circulating supply.

B. Riley cuts Strategy price target to $155 Investment bank B. Riley lowered its price target on Strategy to $155 from $215.

An early Ethereum investor who had been dormant for three years sold 2,250 ETH worth $4.15 million, according to Lookonchain. The investor bought the ETH about eight years ago at an average price of around $489.

BlackRock transferred 1,948.07 BTC worth $122 million to Coinbase Prime, according to Onchain Lens. The deposit may be part of the firm’s operational process, including settlement and redemptions tied to inflows and outflows in its spot crypto ETF products.

Strategy said about half of the proceeds from its sale of 1,637 BTC, worth $102.4 million, was used to pay dividends on preferred stock, The Block reported. The rest was used to repurchase STRC preferred shares through a digital credit securities buyback program, according to the report.

Strive said it bought an additional 20 BTC worth about $1.3 million, bringing its total holdings to 20,020 BTC.

Strategy said it sold 1,637 BTC and now holds 842,138 BTC.

BitGo has launched BitGo Link, a new tool for institutional clients that connects accounts on cryptocurrency exchanges including Crypto.com, Kraken and Coinbase to its platform, according to The Block. The tool is designed to let users view and move cryptocurrencies held in BitGo’s custody service and on exchanges through a single interface. That would allow institutional treasury teams to manage assets more efficiently.

South Africa’s Treasury and central bank have released a draft rule setting out, for the first time, standards for treating crypto transfers as cross-border transactions, Wu Blockchain reported. Under the draft, transfers of cryptocurrencies from South Africa-based crypto service providers to offshore exchanges or non-custodial wallets would be subject to approval procedures and reporting requirements.

10x Research founder Markus Thielen said a monthly close above $63,000 for BTC would confirm a bear-market bottom. He said BTC’s July close did not meet that threshold. On positioning, Thielen said he still favors long positions but plans to shift to a neutral stance if BTC breaks below key support levels and moving averages. He added that if the U.S. 10-year Treasury yield keeps rising, the Federal Reserve may need to resume rate hikes in September. Thielen also said miners pivoting to AI businesses hold around 100,000 BTC in potential sell-side supply, while liquidation moves by corporate Bitcoin treasury holders could add to selling pressure.

Citigroup lowered its price target for Coinbase (COIN) to $210 per share from $235.

Hyperscale Data secures $30M BTC-backed loan via Morpho Hyperscale Data, a U.S.-listed Bitcoin accumulation company trading under DAT, secured a $30 million BTC-backed loan through DeFi lending protocol Morpho, The Block reported. The funds are set to be used to expand an AI data center in Michigan. The company also said it sold about 100 BTC last week and established a BTC-backed credit facility as part of its AI infrastructure investment strategy.

Federal Reserve Bank of New York President John Williams maintained an optimistic view that price pressures will ease gradually, while saying it would be entirely appropriate to raise interest rates if inflation is not on track to return to 2%, according to a Reuters interview. In the interview on July 31, local time, Williams said energy prices and trade tariffs had already passed their peak and, if the economy remains resilient, the main factors that pushed up inflation over the past year and a half would no longer play a major role. Williams added that the factors behind the earlier slowdown in inflation would begin to work again. Williams said he will watch core inflation data very closely over the coming months to see whether it is consistent with inflation converging to 2%, adding that he will work to achieve a stable long-term 2% inflation target by 2028. He also presented a personal outlook that inflation will ease somewhat in the second half of this year and decline further next year. While reaffirming that the current rate stance is in a favorable position to bring inflation back to target, Williams stressed that if inflation is not on a path to 2%, it would be entirely appropriate to act to correct that.

OKX Ventures said it has never invested in Dow Protocol, adding that the false information has harmed its brand reputation and that it reserves the right to take legal action against the parties behind the claims under applicable law. The company also said it recently identified cases in which individuals impersonated OKX Ventures employees to mislead project teams with investment cooperation offers, and stressed that OKX Ventures does not charge project teams any fees.

A BearingPoint survey found 23% of adults in Switzerland use cryptocurrencies, more than in Austria at 18% and over twice the rate in Germany at 11%. Among Swiss respondents, 37% viewed cryptocurrencies as assets worth investing in, while 45% said they could be used in international trade or as reserve currencies.

Robinhood has received Financial Conduct Authority approval to offer cryptocurrency services in the UK, CoinDesk reported. Robinhood’s UK unit was added to the FCA’s register of cryptoasset firms as of July 31 and was recognized as meeting anti-money laundering requirements through its existing FCA registration. The registration regime for crypto companies has been in place since 2020, and more than 50 firms have now been approved, including Ripple, Kraken, BlackRock and BNY.

South Korean exchange Bithumb announced it will temporarily suspend EGLD deposits and withdrawals from 9:00 a.m. UTC on Aug. 6 to support a MultiversX network upgrade.

South Korea’s Ministry of Economy and Finance has finalized its 2026 tax revision plan without including a deferral of virtual asset taxation, The Asia Business Daily reported. Under the current Income Tax Act, income from virtual asset trading exceeding 2.5 million won ($1,800) a year is taxed at 20% on the excess amount, or 22% including local income tax. If the revision plan is finalized after parliamentary deliberation, taxation on capital gains from virtual assets will formally take effect in January 2027. The first filing and payment will take place in May 2028. The tax framework is already in place, and under the OECD’s Crypto-Asset Reporting Framework, or CARF, South Korea is set to secure overseas virtual asset trading databases from the tax authorities of 48 countries, including Japan, Germany and France, starting next year, which could substantially reduce tax gray areas.

A code flaw in Bitcoin hardware wallet maker Coldcard has led to the theft of about 1,367 BTC, and a fourth attack is now underway that could push cumulative losses to 1,816 BTC, or $114 million, CoinDesk reported. Galaxy Research's Alex Thorn explained the hacker is using replace-by-fee, allowing the attacker to pay a higher fee and move the funds first if victims confirm unconfirmed transactions. Earlier, Coldcard had already suffered thefts of more than 1,359.88 BTC tied to a random number generation flaw, while some devices were also reported to have been bricked by an emergency firmware release.

Ripple has made strategic investments in ZILO and Licuido, The Block reported. Through the deals, the company plans to bring compliance-focused transfer agency services, along with asset issuance and collateral movement functions, to the XRP Ledger.

South Korean exchange Bithumb announced the suspension of SEI deposits and withdrawals starting at 9:00 a.m. UTC on Aug. 4 to support the Sei network upgrade.

Bernstein said the U.S. SEC and CFTC are likely to move faster to establish cryptocurrency rules if the chances of passing the CLARITY Act this year fade, The Block reported. Bernstein said regulators, through Project Crypto, will draw up guidelines on token classification standards, DeFi, self-custody and innovation exemptions. The initiative is being pushed by President Donald Trump in line with a policy goal of making the U.S. the global hub for cryptocurrency.

About 14.9 trillion won ($10.8 billion) in stablecoins was net withdrawn to overseas exchanges from South Korean won-market exchanges over the past 18 months, Digital Asset reported, citing data from the office of People Power Party lawmaker Lee Jong-wook. The data showed that about 14.9245 trillion won was net transferred abroad from South Korean exchanges Upbit, Bithumb, Coinone, Korbit and Gopax between January 2025 and June 2026. Net withdrawals refer to the amount withdrawn minus deposits, indicating the volume of stablecoins that actually left for overseas exchanges. By exchange, Upbit accounted for 9.0914 trillion won ($6.6 billion), followed by Bithumb at 2.6502 trillion won ($1.9 billion), Coinone at 2.5662 trillion won ($1.9 billion), Korbit at 604.2 billion won ($437.4 million) and Gopax at 12.5 billion won ($9.1 million). The largest monthly net outflow was recorded in February 2025 at about 1.2049 trillion won ($872.7 million).