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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, announced 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. During the event, users will receive USDC rewards in proportion to their trading volume. Participants can also join VANTA’s weekly points rewards program at the same time. VANTA said it allocates a weekly reward pool of 1 million points to users and ecosystem contributors. VANTA, which launched its official service on July 16, has now surpassed $300 million in cumulative trading volume. The project is led by a team with experience at major centralized exchanges including Bitget and OKX, and currently supports derivatives trading across 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.

Bithumb delays RLUSD listing to 8:30 a.m. UTC South Korean exchange Bithumb delayed the listing of Ripple USD (RLUSD) on its won-denominated market to 8:30 a.m. UTC on July 29 from 7:30 a.m. UTC. AEON will be listed as previously announced at 9:00 a.m. UTC the same day.

An anonymous whale wallet withdrew 40,000 ETH from Binance about 10 minutes ago, worth about $76.67 million, according to monitoring by EmberCN.

Upbit delays MetaDAO (META2) listing to 9:00 a.m. UTC today South Korean exchange Upbit announced the addition of MetaDAO (META2) for KRW, BTC and USDT trading at 9:00 a.m. UTC today. The listing was previously scheduled for 7:30 a.m. UTC.

An anonymous whale identified as 0xc8b…48891 has opened a long position worth 31,968.24 SKHX, an SK Hynix stock token, on Hyperliquid using 4x leverage, according to monitoring by on-chain analytics platform ai_9684xtpa.

Binance announced the addition of 10 spot USDT trading pairs for stock tokens at 12:00 p.m. UTC on July 29: Apple (AAPLB), Applied Materials (AMATB), Amazon (AMZNB), Bloom Energy (BEB), Dell (DELLB), Fluence Energy (FLNCB), Goldman Sachs (GSB), PayPal (PYPLB), the VanEck Semiconductor ETF (SMHB), and the Direxion Semiconductor Bear 3X ETF (SOXSB).

Jurassic Finance, a real-world asset tokenization project, plans to tokenize Deaton, a Triceratops skull fossil, on Solana, BeInCrypto reported. Deaton has about 60% to 65% of its bone mass preserved. Jurassic Finance plans to set up a special purpose vehicle for each fossil and issue Solana Program Library standard tokens to give investors the entity’s economic and legal rights. Authenticity verification, storage and insurance will be handled off-chain, while only ownership records will remain on-chain. Jurassic Finance has been raising 660,000 USDC since July to fund the Deaton purchase. Of that amount, 600,000 USDC is allocated to seller escrow and 60,000 USDC to the RAWR treasury, the project’s native token. The total supply of Deaton tokens will be one million, with investors holding 95% and the RAWR treasury 5%. According to CoinMarketCap, RAWR was trading at $0.06446, up 136.38% over the past 24 hours.

Uniswap founder Hayden Adams pushed back against market FUD over the “fee switch” mechanism in version four, saying concerns that enabling protocol fees would reduce liquidity providers’ yields are misplaced. Adams said v4’s protocol fee structure is designed not to deduct from LPs’ existing fees, but to add a separate charge on top of existing revenue. As a result, even if protocol fees are introduced, the actual fee income earned by LPs would not decline at all, while v4’s architecture would expand LPs’ opportunities to generate returns.

Russia has issued an arrest warrant for Telegram founder Pavel Durov on charges of tolerating and supporting terrorism, Hankyung reported. Earlier, Durov, Telegram’s CEO, announced in English, "올여름 텔레그램 생태계에 역대 최대 규모의 비수탁형 암호화폐 월렛을 출시할 예정," and last month Telegram’s native layer-one blockchain, The Open Network, rebranded its native token from Toncoin (TON) to Gram (GRAM).

Citadel Securities raised the possibility of a 25-basis-point rate hike at the Federal Open Market Committee meeting on July 29, a move that could put short-term pressure on risk assets including Bitcoin if it lifts Treasury yields, CoinDesk reported. According to the outlet, Frank Flight, Citadel Securities’ head of macro strategy, argued Federal Reserve Chair Kevin Warsh could deliver a surprise hike at this meeting rather than in September, which he said could mark the end of the Fed’s practice of signaling policy shifts in advance. Flight added waiting until September would allow markets to already price in a hike, sharply weakening the effect of the policy signal, and said an earlier increase could also influence corporate pricing and wage negotiations, potentially avoiding greater tightening over the longer term. Still, market consensus, including Kraken economist Thomas Perfumo, expects rates to remain unchanged at this meeting. CME FedWatch showed the probability of a July rate hike had risen to 35.8%, but a hold remained the base-case scenario.

Binance announced it will temporarily suspend deposits and withdrawals on the BNB Smart Chain network as it conducts wallet maintenance tied to a network upgrade and hard fork, starting at 5:55 a.m. UTC on July 30.

Myanmar’s parliament has passed a bill aimed at preventing online fraud, allowing courts to impose sentences ranging from at least 10 years in prison to life imprisonment for cryptocurrency fraud and the operation of online scam rings, according to Cointelegraph. Yesterday, Myanmar’s Union Parliament gave final approval to the bill after reconciling details between versions passed separately by the upper and lower houses. The specific implementation date will be set after President Donald Trump signs off on the measure.

Bithumb to list RLUSD and AEON for won trading South Korean exchange Bithumb announced the addition of Ripple USD (RLUSD) for won trading at 7:30 a.m. UTC today and AEON for won trading at 9:00 a.m. UTC today.