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South Korean exchange Bithumb announced the addition of Geodnet (GEOD) for KRW trading at 9:00 a.m. UTC on July 27.

Brazil’s federal police arrested a drug trafficking ring accused of laundering money through cryptocurrency and seized and froze $196 million (1 billion Brazilian reais) in assets, Bitcoin.com reported. According to police, the group is suspected of smuggling more than 6.5 tons of cocaine to Europe through Rio de Janeiro’s port since 2021 by hiding it in shipments of coffee, cement and mortar.

Whale Alert reported that 791,549,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $791 million.

South Korean exchange Upbit announced the addition of Geodnet (GEOD) to KRW, BTC and USDT trading pairs at 8:00 a.m. UTC today.

OKX announced it will list AEON for spot trading at 11:00 a.m. UTC on July 27.

Coinbase CEO Brian Armstrong said "AI has become a megatrend" but that does not diminish the value of cryptocurrency. In a post on X, Armstrong said crypto is general-purpose infrastructure like electricity or the internet, adding it is not competing with AI but instead supports it. Armstrong also said AI agents cannot open bank accounts or wait for wire transfers, so they need cryptocurrency as real-time programmable money. As AI agents take on tasks such as holding funds, making payments, trading, providing investment advice and raising capital, Armstrong said crypto’s role will grow further.

South Korean exchange Bithumb announced the addition of Lorenzo Protocol (BANK) to its KRW trading pair at 6:00 a.m. UTC on July 27. BANK traded around $0.04 on Binance’s USDT spot market on July 13 and climbed about 1,000% to reach $0.4055 on July 26. It was recently trading at $0.3907, up 5.67% from yesterday.

An address believed to be linked to Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 3,440 ETH worth $6.7 million and 3.51 WBTC worth $228,000 to Binance, according to Onchain Lens. The address had been buying BTC and ETH since late May. Exchange deposits are typically interpreted as a sign of selling intent. The same address also deposited $11.56 million worth of ETH to an exchange on July 23.

Streami, the operator of South Korean crypto exchange Gopax, announced the appointment of Kim Na-young as its new CEO. Kim previously led financial business development at Amazon Web Services Korea. Gopax said the leadership change is aimed at accelerating efforts to resolve the long-unpaid GoFi repayment issue, which has remained unresolved for an extended period, while strengthening communication with South Korean financial authorities to normalize operations.

Key token unlocks this week include $9.78 million in SUI According to data from Tokenomist, the major token unlocks scheduled for this week (July 27–Aug. 3) are as follows: - SIGN: 401 million tokens ($3.31 million), representing 15.71% of circulating supply, at 10:00 a.m. UTC on July 28 - FF: 102 million tokens ($6.15 million), representing 3.53% of circulating supply, at 1:00 p.m. UTC on July 29 - CARDS: 28.84 million tokens ($3.44 million), representing 5.76% of circulating supply, at 7:00 p.m. UTC on July 29 - KMNO: 229 million tokens ($4.12 million), representing 2.97% of circulating supply, at 12:00 p.m. UTC on July 30 - SUI: 13.72 million tokens ($9.78 million), representing 0.34% of circulating supply, at 12:00 a.m. UTC on Aug. 1 - EIGEN: 36.82 million tokens ($7.63 million), representing 5.79% of circulating supply, at 4:00 a.m. UTC on Aug. 1 - ENA: 40.63 million tokens ($3.66 million), representing 0.47% of circulating supply, at 7:00 a.m. UTC on Aug. 2

U.S. Sen. Cynthia Lummis said the CLARITY Act would close regulatory loopholes exploited by groups such as North Korea’s Lazarus hacking organization, according to Cointelegraph. Lummis said the bill would give the Treasury Department new authority to freeze suspicious transactions before funds are actually moved.

According to GMGN data, the market capitalization of Solana-based memecoin CATE at one point jumped 230-fold from the previous day to top $9.5 million, but has since given back part of those gains and fallen to about $7.09 million. CATE is a memecoin inspired by an X post from @kabosumama, the owner of Kabosu, the Shiba Inu that inspired Dogecoin (DOGE), sharing a video featuring a kitten.

Storj said on its official X account that it has filed for Chapter 11 bankruptcy protection in a U.S. court. The company said the filing is intended to address existing debt issues while allowing the business to continue operating. Once the reorganization process is completed, Storj said the entity is expected to be restructured into a jointly owned model involving management, the community, STORJ holders and investors. Storj, founded in 2014, operates a cloud storage network. Other crypto-related companies that have entered bankruptcy proceedings this year include MOVE developer Movement Labs, Bitcoin ATM operator Bitcoin Depot (BTM), crypto lending platform Blockfills and stablecoin operator Archblock.

CoinMarketCap’s Altcoin Season Index stood at 51. The index compares price performance between Bitcoin and the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. An altcoin season is identified when 75% of the top 100 coins outperform Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.

Major meme coins including Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) moved higher, pushing the total meme coin market capitalization up about 2.56% over the past 24 hours to $23.73 billion. According to CoinMarketCap data, SHIB has risen about 28% over the past seven days. U.Today said Shiba Inu's trading volume hit its highest level in months, while the price moved above its 50-day and 100-day moving averages and is now set to test its 200-day moving average. The outlet added SHIB's relative strength index, or RSI, is above 80, indicating the possibility of a short-term pullback. According to CoinMarketCap, SHIB was trading at $0.000005347, up about 8.90% over the past 24 hours.

Coupang and Woori Bank have completed a technical verification test using a won-denominated stablecoin to settle Coupang Eats payment proceeds with merchants in real time, laying the groundwork for commercialization after related legislation is put in place, CoinReaders reported. The test implemented a process in which, after a Coupang Eats order payment was completed, the funds were transferred and settled to a merchant’s electronic wallet through stablecoins. Woori Bank handled the on- and off-ramp system linking electronic wallets and bank accounts to enable conversions between stablecoins and fiat currency.

POSCO International announced it has begun a proof of concept with LG CNS to digitize global trade finance operations using the Injective (INJ) network. The two companies are using real trade data to implement the full process on blockchain, from receivables issuance to settlement, to verify efficiency, and they plan to complete the pilot by the end of this year before expanding its application to actual business systems.

The key global macro events for the fifth week of July are as follows. All times have been converted to UTC. - July 29, 6:00 p.m. UTC: U.S. Federal Open Market Committee (FOMC) interest rate decision - July 29, 6:30 p.m. UTC: FOMC press conference - July 30, 12:30 p.m. UTC: U.S. June core personal consumption expenditures (PCE) and second-quarter GDP advance reading - July 31, 3:00 a.m. UTC: Bank of Japan interest rate decision

WEMIX announced that a compromise of administrator privileges for the WEMIX Dollar stablecoin contract led to the abnormal issuance of about 5.22 million WEMIX$, along with the outflow of about 30,000 WEMIX and 720,000 USDC.e. The abnormal transactions were found to have occurred at around 9:17 a.m. UTC on July 26. The WEMIX team has blocked WEMIX 3.0’s internal and external bridges, temporarily suspended liquidity pool trading, and preemptively withdrew foundation-supplied liquidity in response. As a result, Wemixfi’s total value locked fell 66%.

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 a long time or moves sharply. Areas closer to brighter colors may act as support or resistance. - The cumulative volume delta indicator in the lower section shows buy and sell orders by fund size, and the line in 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.

CoinMarketCap’s in-house crypto fear and greed index rose two points from yesterday to 38, remaining in fear territory. The index indicates extreme fear as it moves closer to zero and extreme optimism as it approaches 100. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as put/call ratios, the stablecoin supply ratio, or SSR, and CoinMarketCap’s own search data.

According to Polymarket data, the probability that the United States and Iran will agree to a ceasefire by Aug. 31 stood at 70%. Earlier, U.S. President Donald Trump said at a White House Correspondents' Association dinner on July 24 that everything was going smoothly in relation to the Iran war and urged people not to believe "fake news."

Crypto advocacy group Stand With Crypto said on X that supporters delivered around one million messages to the U.S. Congress urging passage of the CLARITY Act. Related to that effort, Coinbase CEO Brian Armstrong said supporters' voices were producing results and the bill was now at the one-yard line, adding that 100 days remained until the midterm elections and urging backers to make a final push.

Spot trading volume on major centralized exchanges has fallen 74% since August last year, Cointelegraph reported, citing Artemis data. Binance still accounted for the largest share of volume, followed by Coinbase, Bybit and Gate. Smaller and mid-sized exchanges, by contrast, saw relatively steeper declines in trading volume.

Strategy founder Michael Saylor posted a SaylorTracker chart on X last night, signaling a potential BTC purchase. He also added the comment, "We're gonna need another color." Saylor has previously shown a pattern of posting similar messages before making additional BTC purchases.