Uk Jin

According to crypto asset (cryptocurrency) data provider Alternative, the crypto Fear & Greed Index recorded 46, down 2 points from the previous day. As of 9:35 AM that day, Bitcoin (BTC) was trading at $107,791 on CoinMarketCap, down 1.07% from the previous day. Altcoins were also weak. At the same time, Ethereum (ETH) and XRP (XRP) fell 0.64% and 2.72%, respectively. Binance Coin (-0.48%), Solana (-2.41%), TRON (-0.03%), Dogecoin (-2.35%), Cardano (-2.53%) also fell from the previous day. The Fear & Greed Index is an indicator expressing market sentiment: values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).

Parataxis Korea said on the 1st that it will raise capital through a paid-in capital increase totaling 10 billion won. The funds raised will be used to actively expand the company’s announced Bitcoin (BTC) financial strategy. Following this fundraising, Parataxis Korea plans to disclose detailed business plans and strategies step by step. Andrew Kim (Andrew Kim), CEO of Parataxis Korea, said, "Since the announcement of the Parataxis Korea platform, there has been strong interest and inquiries from institutional investors," adding, "Therefore, we plan to strategically secure new capital to accelerate growth as a leading BTC treasury platform in the Korean market."

The crypto asset (cryptocurrency) project World Liberty Financial (WLFI), in which U.S. President Donald Trump and his two sons are involved, has been revealed to have executed a large-scale crypto asset (cryptocurrency) transaction. The Trump family is expected to earn a total of 500 million dollars from this deal. On the 1st (KST), according to crypto media Cryptopolitan, World Liberty Financial sold WLFI tokens worth 750 million dollars to Alt5 Sigma. Alt5 Sigma is effectively a subsidiary that World Liberty Financial acquired last August. After World Liberty Financial acquired Alt5 Sigma, Alt5 Sigma sought to raise 1.5 billion dollars through common stock and private placements. It was reported that these funds were also used for the purchase of WLFI tokens. The profit the Trump family is expected to earn from this transaction is 500 million dollars, which amounts to 75% of the total sale proceeds. Also, World Liberty Financial will be able to exercise direct influence over Alt5 Sigma. Jack Witkoff, co-founder of World Liberty Financial, will be chairman of Alt5 Sigma, and Eric Trump, the president's second son, will join Alt5 Sigma's board of directors.

Companies' buying pressure toward Bitcoin (BTC) appears to be intensifying. Institutions are quickly scooping up amounts equal to four times the mining rate, raising the possibility of a supply shock. On the 1st (Korean time), crypto outlet Cointelegraph, citing data from River, reported that institutional daily average Bitcoin purchases in the first half of 2025 reached 1755. This is four times the 450 that Bitcoin mining companies produce on average per day. Specifically, companies that incorporated Bitcoin into their strategic reserve assets (treasury) bought an average of 1399 bitcoins per day. Meanwhile, private companies that had been holding existing Bitcoin bought an average of 356 per day. In addition, the daily average Bitcoin purchases caused by other investment vehicles, including exchange-traded funds (ETFs), were 1430, and governments bought an average of 39 bitcoins per day. The outlet said, "As institutional Bitcoin buying accelerates, experts have consistently raised the possibility of a Bitcoin supply shock," adding, "Some experts say this could trigger a Bitcoin rally."

Recently, as the development of artificial intelligence (AI) has accelerated, opinions have emerged that Bitcoin (BTC) could receive more attention than the traditional stock market. On the 1st (Korean time), according to crypto outlet Cointelegraph, Jordi Biseo, an analyst at 22V Research, said, "If the pace of AI innovation speeds up to the scale of weeks, companies will find it difficult to get on a growth trajectory," and "Stocks will only be possible for short-term trading rather than investment going forward." Analyst Biseo said, "If stocks and companies are ideas, Bitcoin is belief," adding, "Belief survives longer than ideas." He added, "Just as gold has enjoyed popularity for thousands of years, Bitcoin will also exist for a long time."

Recently, it has emerged that the luxury travel industry is introducing payment methods that use virtual assets (cryptocurrencies), targeting wealthy virtual asset (cryptocurrency) investors. On the 1st (Korean time), virtual asset specialist media CoinDesk reported, citing the Financial Times, that private jet operators, cruise companies, boutique hotels and other luxury travel industry players are adopting virtual asset payments. So far, companies that have adopted virtual asset payments include charter jet company FXAIR, cruise companies Virgin Voyages and SeaDream Yacht Club, and luxury hotel chain Kessler Collection. As global luxury travel became fashionable among young entrepreneurs with strong financial resources, it is analyzed that virtual asset payments were introduced to target them. The outlet said, "Such Bitcoin payments act as a kind of 'status symbol'" and evaluated, "In past virtual asset bull markets, buying Lamborghinis and luxury watches with Bitcoin (BTC) was fashionable, but this time travel products are emerging as a means of display." However, questions were raised about financial viability. The outlet explained, "Because the price of Bitcoin could change in the future, using Bitcoin now to pay for travel products could potentially lead to losses."

Institutions begin large-scale Solana accumulation Three times the previous institutional holdings Expectations for a new all-time high ↑ As companies around the world increasingly accumulate crypto assets such as Bitcoin (BTC) and Ethereum (ETH), Solana (SOL) has been chosen as the next pick. With large capital investments announced for Solana accumulation, Solana's price is also being positively affected. As of 1:18 p.m. KST on the 29th, Solana was trading at $216.82, up 3.90% from the previous day, according to CoinMarketCap. The price is up 18.72% from last week. U.S. asset manager Galaxy Digital is cited as a representative company accumulating Solana. Galaxy Digital plans to invest $1 billion (about 1.4 trillion won) together with Jump Crypto and others to set up a joint venture for Solana accumulation by next month. Crypto-focused investment firm Pantera Capital is also raising $1.25 billion (about 1.7 trillion won) to establish a Solana accumulation company. "Seen as an alternative to Bitcoin and Ethereum" The foremost reason cited for the growing number of companies accumulating Solana is its technological capability. Solana's strength lies in faster transaction processing than other blockchains, handling up to 65,000 transactions per second. Thanks to this advantage, there are projections that Solana could be used as a payment infrastructure for stablecoins in the future. Greg King, CEO of Rex Financial, said, "Solana is a blockchain designed for fast processing speeds," and added, "It will lead the future of stablecoins." Another attractive factor is that Solana is still in the early stages of institutional adoption compared to other blockchains. According to CoinGecko, as of today there are only five companies accumulating Solana, including Upexy and DeFi Development. The Solana held by these companies amounts to 3,715,814 tokens, valued at about $790 million. The planned large-scale new accumulations by these companies equal about three times the existing institutional holdings. Meanwhile, there are some 160 companies accumulating Bitcoin, and their Bitcoin holdings amount to about $110 billion. There are 11 companies accumulating Ethereum, and their Ethereum holdings are estimated at about $14 billion. Access to the regulated financial sector is also still limited. Currently, the only Solana-related product that institutional investors can invest in is Rex-Osprey's staking exchange-traded fund (ETF). This contrasts with Bitcoin and Ethereum, which saw 11 and 8 ETFs launched respectively after U.S. Securities and Exchange Commission (SEC) approval last year. Mark Bauman, founder of 51Insight, said, "Bitcoin and Ethereum already have institutional capital inflow channels such as accumulation companies and ETFs, whereas Solana has not yet secured these. The emergence of these accumulation companies is the first bridge connecting Solana to the institutional market." Potential for a new all-time high If institutional inflows accelerate, Solana could break its all-time high, as seen in the cases of Bitcoin and Ethereum. Previously, Bitcoin surged from around $65,000 to $124,500 within a year after the U.S. government began formal discussions on accumulation in July last year. Ethereum also hit an intraday record of $4,950 about three months after Nasdaq-listed Sharplink Gaming announced it would begin accumulation in May. Kim Min-seung, head of Korbit Research Center, said, "Like the cases of Bitcoin and Ethereum, corporate accumulation of crypto assets can drive prices up through buying effects," adding, "Specific crypto accumulations can generate positive market sentiment."

While many countries around the world are accumulating Bitcoin (BTC) as a major asset, it appears that some nations still hold a negative view toward Bitcoin. According to Jinshi News on the 27th (Korean time), Martin Schlegel, Vice Chairman of the Swiss National Bank (SNB), stated, "Bitcoin does not meet our asset criteria."

Recently, as Bitcoin (BTC) has entered a correction phase, selling by new investors has become more noticeable. On the other hand, some holders are absorbing this and moving to accumulate. On the 26th (KST), CryptoQuant contributor CrazyBlock reported that “the average unrealized loss for investors who held Bitcoin for less than a month was estimated at about -3.5%” and that “unable to tolerate the losses, these investors sold, resulting in a significant decrease in their holdings over the past few weeks.” However, some investors are continuing to hold onto Bitcoin even during this downturn. The contributor explained, “the group of investors who have held for 1–6 months maintained an average return of +4.5% and showed relatively stable behavior,” adding, “overall, short-term holders are not experiencing significant selling pressure, with most of the volatility driven by ‘panic selling’ among recent entrants.” He further added, “This correction is not a sign of the market collapsing but rather a normal process of speculative funds being excessively drawn out,” explaining, “the coins sold in panic by new, fearful investors are being picked up by long-term holders with greater conviction, which strengthens the support level for a future rise.”

As the cryptocurrency (virtual asset) market, including Bitcoin (BTC), enters an overall correction phase, some view this as an opportunity for new investors to enter the market. Hunter Horsley, CEO of Bitwise, said on X (formerly Twitter), "Most people still do not own any cryptocurrencies," and added, "Every dip is an opportunity for new people to purchase crypto." He also mentioned, "Bitwise Research predicts that Bitcoin will reach $200,000 by the end of the year."

According to the Token Mindshare Top Gainer index of Kaito, an AI-based Web3 search platform, as of the 26th, the most notable crypto asset-related keywords in the market are XRP, Kaito, Sui, Solana, and Avalanche. First, the top spot goes to XRP. On this day, the cryptocurrency exchange Gemini drew the attention of investors by launching an XRP-based credit card. This credit card offers a benefit of up to 4% cashback in XRP. Kaito ranked second. The platform gained more mentions among investors due to increased discussion related to Kaito's yapping feature. Sui gained significant community attention at a conference held in Bali. Many Key Opinion Leaders (KOLs) participated in the event, posting related content and boosting mentions. Solana took fourth place. Investor interest soared amid expectations that a publicly listed company would hold Solana in reserve. Galaxy Digital, Multicoin Capital, and Jump Trading are driving a $1 billion fundraising effort to purchase Solana. Their plan is to acquire a listed company and transform it into a firm that holds Solana as a reserve. Additionally, Pantera Capital is seeking a listed company to hold Solana with a $1.25 billion fundraise. Lastly, Avalanche secured a top ranking due to heightened expectations for Exchange Traded Fund (ETF) conversion. Reports indicate that crypto asset manager Grayscale has submitted documents to the Securities and Exchange Commission (SEC) to convert the Avalanche Trust product into an ETF. Other coins attracting investor attention include Maverick (MAVRYK), PlayAI (PLAYAI), HUMA Finance (HUMA Finance), HANA (HANA), and USDC.

Although Ethereum (ETH) is showing a bearish trend, capital inflows into Ethereum spot Exchange-Traded Funds (ETFs) have continued. According to Facade Investor on the 25th (local time), Ethereum spot ETFs recorded a total net inflow of $443.9 million that day. BlackRock ETHA accounted for the majority with $314.9 million in net inflows, followed by Fidelity FETH (+$87.4 million), Grayscale ETH (+$53.3 million), Bitwise ETHW (+$9.7 million), 21Shares CETH (+$5.6 million), and Invesco QETH (+$2.2 million). In contrast, Grayscale ETHE saw a net outflow of $29.2 million.

The US Bitcoin (BTC) spot Exchange-Traded Fund (ETF) has ended its long streak of net outflows. According to Farside Investor on the 25th (local time), a total net inflow of $219.1 million went into Bitcoin spot ETFs that day. Fidelity FBTC and BlackRock IBIT saw net inflows of $65.6 million and $63.4 million, respectively, followed by Ark Invest ARKB (+$61.2 million), Bitwise BITB (+$15.2 million), Grayscale BTC (+$7.4 million), and VanEck HODL (+$6.3 million).

Recently, as Exchange Traded Funds (ETFs) based on virtual assets (cryptocurrencies) are being launched in multiple countries, including the United States and Hong Kong, an opinion was raised that one should be careful in selecting the underlying assets. According to Cointelegraph, a cryptocurrency-focused media outlet, on the 26th (Korean time), Greg King, CEO of REX Financial, expressed his views in an interview with Bloomberg's 'ETF IQ', stating, "Most virtual assets are quite uncertain," and "Caution is needed when issuing ETF products with tokens outside the top 10 as their underlying assets." He continued, "Currently, ETFs based on virtual assets are expanding rapidly following the Bitcoin (BTC) spot ETF," but also said, "There is a trend where multiple ETFs are being concentrated on specific virtual assets." He further noted, "There hasn't been a case in the ETF industry where this many identical products have emerged," adding, "This phenomenon of increasing ETFs for each coin will continue, and a lot of capital will likely flow in." Currently, REX Financial is managing a Solana (SOL) ETF that includes staking rewards. Additionally, they have applied for ETFs that track meme coins such as Official Trump (TRUMP), Bonk (BONK), and Dogecoin (DOGE). "Solana will grow into the future of stablecoins" Also in the interview, CEO King shared a positive opinion about Solana. He said, "It is a mistake to think all stablecoins are developed based on Ethereum (ETH)," adding, "I believe Solana will lead the future of stablecoins." He further commented, "Solana is designed for faster and higher transaction throughput," and "Many people consider Solana a promising candidate to overtake Ethereum," he added.

According to Lookonchain on the 26th (KST), a dormant whale that had been inactive for the past four years withdrew 6,334 Ethereum from Kraken 50 minutes ago. This is equivalent to $28 million at the current price. As of 12:37 PM on this day, Ethereum is trading at $4,405 on CoinMarketCap, down 7.15% from the previous day.

Mill City Ventures III, a Nasdaq-listed US company currently implementing the Sui (SUI) 'financial strategy,' has changed its name to Sui Group Holdings. On the 26th (KST), Sui Group Holdings announced via X (formerly Twitter) that "the company has decided to change its name from Mill City Ventures to Sui Group Holdings." Previously, Sui Group Holdings disclosed that it would pursue a strategy of allocating part of its balance sheet assets (treasury) to Sui.

While Bitcoin (BTC) continues to show weakness, some whales appear to be accumulating the cryptocurrency. On the 26th (KST), Onchain Lens reported via X (formerly Twitter) that “an anonymous whale purchased 200 Bitcoins through FalconX” and added, “this whale currently holds 2,419 Bitcoins.” As of 11:49 a.m. that day, according to CoinMarketCap, Bitcoin was trading at $109,740, down 3.22% from the previous day.

The decentralized derivatives exchange Hyperliquid (HYPE) has surpassed Robinhood in trading volume for three consecutive months. On the 26th (KST), the cryptocurrency-focused media outlet CryptoSlate, citing DefiLlama data, reported that in July, Hyperliquid recorded a total trading volume of $330.8 billion, combining spot and perpetual futures. During the same period, Robinhood's total trading volume was $237.8 billion. Hyperliquid began surpassing Robinhood's trading volume starting in May. Hyperliquid recorded $256.0 billion in May and $231.0 billion in June, outperforming Robinhood, which reported $192.0 billion and $193.0 billion, respectively, during the same periods.

Global crypto venture capitalist Pantera Capital has revealed that it is seeking a listed company to stockpile Solana (SOL) tokens. To achieve this, it also plans to raise $1.25 billion. On the 26th (KST), The Information reported that Pantera Capital plans to raise up to $1.25 billion to stockpile Solana. In connection with this, Pantera Capital is known to be searching for a listed company to take on the Solana accumulation.

Bitcoins (BTC) have been transferred from a whale's wallet that had been inactive for 5 years. On the 26th (KST), EmberCN reported on X (formerly Twitter), "A whale that had been dormant for 5 years transferred 2,221 Bitcoins to a new wallet address 5 hours ago." This whale purchased 3,109 Bitcoins 12 years ago at $94.5 each and had sold 888 coins 8 years prior.