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Global virtual asset (cryptocurrency) exchange Binance has announced the delisting of two spot trading pairs. On the 30th (local time), Binance stated via its official channels that "the XVS/TRY and YGG/TRY spot trading pair services will be suspended." The delisted spot trading pairs will have their services suspended at 03:00 (UTC) on the 1st.
According to Token Mindshare, a metric quantifying the influence of specific tokens in the crypto market by the AI-based Web3 search platform Kaito (Kaito), as of the 30th, the top 5 crypto-related keywords people are paying the most attention to are Ethereum (ETH), Polygon (POL), Linea (LINEA), Hyperliquid (HYPE), and PumpFun (PUMP). Ethereum (ETH), which has recently shown tremendous strength, took the top spot. Celebrating the 10th anniversary of the mainnet launch, Ethereum is planning to distribute a commemorative Non-Fungible Token (NFT). Polygon (POL) ranked second. Polygon garnered investor interest following news that the German central bank NRW would issue a €100 million digital bond using the platform. Linea (LINEA) sparked investor sentiment by unveiling its tokenomics. Linea plans to allocate 85% of the total token supply to ecosystem developers, and intends to assign 20% of the net transaction fees to reducing the supply of Ethereum. Hyperliquid saw a spike in search traffic due to an order system error that occurred last night. Hyperliquid stated, "An issue has arisen where some users were unable to successfully submit orders. We are currently investigating the cause and will share more details soon." In addition, investors have shown interest in other cryptocurrencies such as Sei (SEI) and Tezos (XTZ).
Daehong Communications announced on the 30th that it will participate in building a real-world economy-based 'Money Movement' ecosystem through partnership with global layer-1 blockchain Aptos (APT). Money Movement is a blockchain-based framework that enables real-time tracking and verification of the use of digital assets such as mobile coupons, points, mileage, and stablecoins in the real economy. Through this collaboration, the two companies plan to record all data related to the issuance, distribution, and usage of Giftiel Coupon on the blockchain. A representative from Daehong Communications stated, "We are also looking forward to the possibility of expanding to various customer reward and commerce services linked with stablecoins in the future."
BTCS, well known as a strategic Ethereum (ETH) reserve company, has revealed plans to sell approximately $2 billion worth of stock to purchase virtual assets (cryptocurrencies). On the 30th (local time), The Block quoted U.S. Securities and Exchange Commission S-3 registration statement documents, reporting: “BTCS plans to conduct a public offering to sell up to $2 billion in common stock in order to purchase virtual assets.” In its submitted documents, BTCS explained, “We plan to use the net proceeds from the securities sale as additional funds for purchasing digital assets, working capital, and other general corporate purposes.”
The Kaia DLT Foundation (hereafter, Kaia) announced on the 30th that DaWinKS, a blockchain-based fintech company, has launched exchange (withdrawal), prepaid transportation card (DTK Card) recharge, and issuance services for USDT (Tether), the world’s largest USD-backed stablecoin issued by Kaia, on its Digital ATM (hereafter, DTM) network in key regions nationwide. Overseas visitors and K-culture enthusiasts can utilize these related services at seven locations nationwide, including Namsan Tower, Homeplus and Lotte Mart major branches, Myeong-dong currency exchanges, Myeong-dong Dokkaebi Mart, and Namdaemun Market currency exchange cafes. DaWinKS DTM is a blockchain on/off ramp service built on passport and facial scan authentication solutions used at immigration control at domestic airports, introducing a non-face-to-face identity verification (KYC) method enabling conversion and withdrawal of digital assets in KRW. After completing identity verification, users can withdraw digital assets in KRW converted at the current day's exchange rate via QR code or barcode scan, or recharge and issue a domestic prepaid transportation card. When departing Korea, leftover KRW can be exchanged for USD. Currently, the DTM service is only available to foreigners but will expand to domestic consumers within the year. In the future, domestic customers will be able to verify themselves using national ID cards or driver’s licenses as well as passports. In addition to digital assets, users can exchange 85 types of fiat currencies from 15 countries into KRW. Jongmyung Lee, CEO of DaWinKS, stated, "DaWinKS is expanding the practical use of stablecoins based on rich experience in various fintech services from currency exchange to digital asset ATMs and QR payments. We expect that cooperation with Kaia, which has expanded the real-world adoption of stablecoins in the Asian market through partnerships with key players like Tether and LINE NEXT, will be a significant boost for DTM’s global expansion." Sangmin Seo, Chair of the Kaia DLT Foundation, commented, "The collaboration with DaWinKS is an important milestone for expanding real-world use cases of USDT on the Kaia Network and local stablecoins to be issued in the future," adding, "We anticipate continued growth in demand for cross-border currency exchange, deposits, and withdrawals, and will make efforts to expand DTM services not only domestically but also internationally."
The leading altcoin, Ethereum (ETH), is celebrating the 10th anniversary of its mainnet launch. On the 30th (local time), the Ethereum Foundation announced through official channels, "On July 30, 2015, the Ethereum blockchain was born. The moment the genesis block was mined, Ethereum opened up new possibilities for the internet, and brought about innovative changes to finance and ownership programming. 10 years have passed, and Ethereum will remain timeless in the future as well," it emphasized. To commemorate the 10th anniversary of the mainnet launch, the Ethereum Foundation plans to distribute commemorative NFTs for free. The free NFT distribution will end at 4 PM (UTC) on the 31st.
It was found that the reserve funds of the top 5 South Korean won-based virtual asset (cryptocurrency) exchanges exceed ₩260 billion. According to data from Heo Young of the Democratic Party of Korea on the 30th, as of June this year, the reserve funds of five major exchanges—Upbit, Bithumb, Coinone, Korbit, and GOPAX—amounted to ₩263.3 billion. The exchange holding the largest amount of KRW reserves is Bithumb, with ₩150.1 billion accrued, and 90.6% of its deposited assets are stored in cold wallets. In Upbit's case, ₩4.2 billion has been set aside, with a cold wallet storage ratio of 98.3%. Coinone has ₩30 billion and 83.1%, Korbit ₩16 billion and 82.3%, with all meeting statutory standards. GOPAX has substituted reserve funds by purchasing liability insurance, and its cold wallet storage ratio is 101.2%.
It has been reported that the U.S. Nasdaq exchange is discussing the delisting of Argo Blockchain (ARBK), a Bitcoin (BTC) mining company headquartered in London. According to The Block on the 30th (local time), Argo Blockchain received a letter stating that it did not meet the minimum bid price requirement needed to maintain its dual listing in January. Argo was granted a 180-day recovery period to maintain a $1 share price required for continued Nasdaq listing. However, after failing to raise its bid price for 30 consecutive days, it issued a deficiency notice on the 15th. Argo Blockchain was trading at about $0.60 early this year, but the price gradually declined to around $0.18 by June. After rising to the $0.50 range in early July, it is currently trading at $0.31.
The financial authorities plan to develop self-regulatory measures for virtual asset (cryptocurrency) lending and margin trading in cooperation with the industry. According to the industry on the 30th, the financial authorities and the financial sector recently discussed concerns regarding virtual asset lending services and leveraged investments with domestic KRW-based virtual asset exchanges. The authorities and the industry will form a task force (TF) to discuss self-regulation. Since the second stage of virtual asset legislation will take time, there is a need for industry self-regulation in the interim. Self-regulation is expected to cover items such as short selling and margin trading limits, investor education, and the establishment of qualification requirements.
On the 30th (local time), the White House is scheduled to release its virtual asset report, amid predictions that the report will serve as a 'regulatory guidebook' for the industry. According to a report by the virtual asset (cryptocurrency) specialist media outlet The Block on the 30th, Cody Carbone, CEO of the Chamber of Digital Commerce, stated, "The virtual asset report to be released by the White House is expected to serve as the industry's 'regulatory Bible' and 'regulatory guidebook.' It will have a significant impact on future regulations and guidelines under the Trump administration." The White House virtual asset report is part of the executive order issued by President Trump last January to establish the Digital Asset Market Working Group, and key government officials such as Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and SEC Chairman Paul Atkins were in attendance.
Global virtual asset (cryptocurrency) exchange Kraken is reportedly seeking to raise approximately $500 million in funding. On the 30th (local time), Reuters reported, "Cryptocurrency exchange Kraken is seeking to raise about $500 million in funding with a company valuation of $15 billion."
A recent analysis suggests that the latest surge in Ethereum (ETH) is a rally fueled by new capital inflows, rather than a rotation of existing market funds. On the 30th (local time), Oro, a crypto analyst from the on-chain analytics platform CryptoQuant, stated, "The recent Ethereum rally is not due to funds rotating from Bitcoin (BTC). We are currently observing fresh capital inflows into Ethereum." Oro emphasized that, based on multiple indicators, there is no evidence that capital previously flowing into Bitcoin (BTC) is decreasing. He said, "As of the 25th, Bitcoin's realized capitalization stands at $1.018 trillion, marking an all-time high. This proves that claims of funds previously driving Bitcoin now rotating into Ethereum are incorrect. Bitcoin's current sideways movement, as seen in past cycles, can be interpreted as a capital accumulation phase."
Scott Bessent, the U.S. Treasury Secretary, stated today that the trade negotiations with China, which concluded today, are continuing to make progress. On the 30th (local time), Secretary Bessent emphasized on his X (formerly Twitter) account, "The current momentum in trade is with the United States. We are consistently making progress in our negotiations with China, and we have signed trade agreements with major trading partners such as the EU, Japan, Indonesia, and Vietnam. The Trump Administration is reigniting American industry by rebalancing global trade."
It has been analyzed that institutional investors managing large sums of capital are focusing more on Ethereum (ETH) than Bitcoin (BTC). On the 30th (local time), on-chain analytics platform Arkham Intelligence stated via its official X (formerly Twitter), "Last week, BlackRock purchased as much as $1.2 billion worth of Ethereum. By contrast, the amount spent on Bitcoin purchases during the same period was only $267 million. Institutional investors are currently focusing on Ethereum," the platform analyzed.
Bitcoin (BTC) mining company Mara Holdings (MARA) recorded its highest-ever operating profit in Q2 2025. According to The Block on the 30th (local time), Mara Holdings announced in its Q2 2025 earnings report that, "Adjusted operating profit for Q2 reached $1.2 billion, up 1093% year-over-year, and net profit amounted to $808.2 million." The company also significantly increased its Bitcoin holdings. According to the announcement, Mara Holdings’ Bitcoin holdings reached 49,951 BTC, up 170% year-over-year. Mara Holdings stated, "As one of the world’s largest Bitcoin holding companies, we have acquired most of our Bitcoin through mining. We are extremely proud of this."
President Donald Trump once again put pressure on the Fed. On the 28th (local time), President Trump stated at a press conference, "The Fed should cut rates at this week's FOMC meeting. Of course, we have done well even without rate cuts, but if we lower rates, we can do even better," he said.
Global payment platform Paypal plans to enable merchant customers to utilize infrastructure supporting payments with over 100 types of virtual assets (cryptocurrencies). According to a Bloomberg report on the 28th (local time), Paypal’s virtual asset payment feature is set to be released in the coming weeks and will support cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USDC as payment methods, using wallets like Coinbase, OKX, Phantom, and MetaMask. Frank Keller, General Manager of Paypal’s platform, stated, "The virtual asset market has grown to a scale of over $3 trillion, with 650 million users worldwide. We wanted to enable participants in the rapidly growing virtual asset market to access our customer base," he said.
Nasdaq-listed company BTCS announced that it has made an additional purchase of its strategic reserve of Ethereum (ETH). According to The Block on the 28th (local time), BTCS purchased about 14,240 ETH at an average price of $3,850. With this acquisition, BTCS's Ethereum holdings have increased to 70,028 ETH. The current fair value of BTCS's Ethereum holdings is approximately $270 million. BTCS is accumulating Ethereum through a combination of NodeOps (staking) and its block-building service, Builder+.
Anatoly Yakovenko, co-founder of Solana (SOL), expressed a critical opinion on meme coins. According to Decrypt on the 28th (local time), Anatoly Yakovenko stated on his X (formerly Twitter), "Meme coins and non-fungible tokens (NFTs) are digital trash and have no intrinsic value." Despite Yakovenko's critical viewpoint, Solana (SOL) remains the most important chain in the meme ecosystem, and the Solana-based meme coin launchpad Pump.fun has supported trading of about 12 million tokens, generating $776 million in profits.
Global virtual asset (cryptocurrency) exchange Binance (Binance) will list GAIA (GAIA) on Binance Alpha. On the 28th (local time), Binance announced through its official channel, "Binance Alpha will be the first platform to list GAIA, and an Alpha Point-based airdrop will also be held." Meanwhile, Binance selects tokens to be listed on Binance Alpha by considering market trends among early-stage virtual asset projects. Listing on Binance Alpha does not necessarily lead to a Binance spot listing.
The domestic virtual asset (cryptocurrency) exchange Upbit has announced that it will end support for the Tether (USDT) Coin Borrowing service. On the 28th, Upbit stated through its official channel, "Support for the Tether Coin Borrowing service will soon be terminated. Until the end date, redemptions for existing applications will proceed sequentially according to their respective maturity dates." The Coin Borrowing Tether (USDT) service will stop accepting new and additional applications starting July 28, and the service will be completely discontinued by August 27.
Binance Coin (BNB), the native token of the global cryptocurrency exchange Binance, has reached an all-time high. According to CoinMarketCap data on the 28th (local time), Binance Coin rose 12.74% over the past 7 days, surpassing $860 during trading. Its current market capitalization stands at $119.4 billion. Binance Coin's global asset ranking has also surged. Currently, Binance Coin holds the 184th position in global asset rankings, recently overtaking Strategy (190th) and SoftBank International (193rd) due to its strong performance.
Southeast Asia's largest ride-hailing platform, Grab, has announced that it is providing a virtual asset (cryptocurrency) top-up service for users in the Philippines. On the 28th (local time), Grab announced through its official channel, "Philippine Grab users can now top up their GrabPay wallets with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USDC, etc., as balances via local exchanges TripleA and PDAX." CJ Laxican, Country Head of Grab Financial Group Philippines, said, "By integrating virtual assets into GrabPay's cash-out option, we will help increase financial inclusion in the Philippines," adding, "We aim to provide broader banking services to the people of the Philippines by offering more accessible digital-based solutions."
Min Byung-deok, a member of the Democratic Party of Korea, directly refuted the Bank of Korea's claim that the Korean won stablecoin could be a cause of rising prices. On the 28th, Min Byung-deok stated on his Facebook page, "The Bank of Korea's concerns that the issuance of a Korean won stablecoin could sharply raise prices are nothing but a theoryless, rumor-level argument stemming from a lack of understanding of the concept of money supply and the structure of financial markets." Min continued, "A stablecoin does not create new money. It is maintained in a 1:1 exchange format, so liquidity remains unchanged. Stablecoins are usually issued by depositing 100% collateral in cash or government bonds. This is simply a conversion of existing liquidity in the market into a digital token form," he explained. He added that even if a new stablecoin emerges, it does not increase the amount of money in circulation. Min Byung-deok also stated, "Stablecoins are mainly collateralized with short-term government bonds with a maturity of three months. Government bonds are almost as safe as cash and are already actively used in the financial markets as repos (repurchase agreements), collateralized loans, etc. A stablecoin is simply a tokenization of government bonds in digital form." He emphasized that the Korean won stablecoin is not a means of creating new money. Min said, "The Korean won stablecoin is a technical tool that converts existing liquidity into digital form. The Bank of Korea's 'price spike' hypothesis results from a lack of understanding of reserve structures, deposit multipliers, definitions of monetary indicators, and more. What policymakers need to do is have balanced discussions based on accurate theory and real-world conditions. Now is the time to focus on how to design financial infrastructure and monetary policy for the digital era, rather than on unnecessary fears of technology," he urged.
Bithumb, a domestic virtual asset (cryptocurrency) exchange, has announced that it will discontinue its recently added lending service. On the 28th, Bithumb officially announced through its channel, "For more stable service delivery, the lending service will be unified into the existing coin rental service." The officially provided services by Bithumb—△Bull Market Lending (Regular, X3), △Bear Market Lending (Regular, X3), △Simple Lending (Practical)—are scheduled to end at midnight on the 29th.
Ray Dalio, the godfather of hedge funds, once again emphasized the value of gold and Bitcoin (BTC). According to Foresight News on the 28th (local time), Ray Dalio, founder of Bridgewater Associates, stated: "To guard against the risk of fiat currency devaluation, I recommend allocating 15% of your investment portfolio to gold and Bitcoin." In the past, while Dalio maintained that Bitcoin could not serve as an effective store of value or medium of exchange, he changed his stance in 2021 by acknowledging that he owned Bitcoin.
Last week, a staggering $1.9 billion flowed into digital asset investment products. On the 28th (local time), cryptocurrency asset manager CoinShares published its 'Weekly Digital Asset Fund Flows' report, stating, "Last week, digital asset investment products saw $1.9 billion in inflows, with Ethereum (ETH)-related products leading the market." This month’s total influx amounts to $11.2 billion, marking the highest monthly figure on record. According to the report, the product with the most significant capital inflow last week was Ethereum-related, totaling $1.59 billion, while Bitcoin-related products experienced $175 million in outflows. Among major altcoins, Solana (SOL) and XRP stood out. Solana attracted $311 million and XRP saw $189 million in capital inflows, while Sui (SUI) recorded $8 million in net inflows.
Wavebridge, a digital asset financial infrastructure company catering to corporations and institutions, announced on the 28th that it will expand and rebrand its existing digital asset management platform Dolfin into a prime brokerage platform, 'Wavebridge Prime', exclusively for institutional and corporate clients. In response to regulatory changes in domestic and global digital assets set to intensify in the second half of this year, Wavebridge plans to provide tailored digital asset financial infrastructure services that help institutional and corporate clients focus on market changes and safely expand their assets. Notably, with domestic regulatory frameworks becoming more visible—such as the enactment of the Digital Asset Basic Act, the proposal to amend the Capital Market Act, and clarification of accounting and tax standards—Wavebridge is proactively establishing a service system that connects with institutional infrastructure based on institutional compliance and technological capabilities. The company is also pushing for the development of platforms specialized for institutional demand. 'Wavebridge Prime' will go beyond simple brokerage and include prime brokerage functions optimized for the working environments of institutional and corporate clients. Its key features include: ▲ Providing customized investment execution systems ▲ Institution-exclusive administrative functions (accounting, settlement, reporting) ▲ Expanding connectivity to a global institutional network ▲ Strengthening securities lending and OTC trading features. In particular, instead of users directly entering orders in an exchange order book, the platform emphasizes 'Best Execution'—ensuring transactions occur at the most favorable prices. The company's strategy is to establish itself as the only digital asset platform in Korea that can truly deliver prime brokerage capabilities. Wavebridge highlights its expertise and regulatory understanding, derived from professionals with backgrounds in institutional financial firms. As the first institution-type business in Korea to receive approval as a Virtual Asset Service Provider (VASP), Wavebridge is continuously expanding its business capabilities not only domestically but also within key overseas regulatory jurisdictions. In Europe, Wavebridge is already registered as a Lithuania VASP and is preparing to acquire a license to provide services across the EU under the MiCA regulatory framework. Additionally, in regions such as Hong Kong, the company is working with local financial institutions to prepare for the launch of structured digital asset financial products within regulated markets. Jongwook Oh, CEO of Wavebridge, stated, "Since the early days of the digital asset market, Wavebridge has maintained a B2B-focused strategy and has always been a step ahead in preparing for institutional services and responding to regulations. Unlike other operators just now expanding from B2C, Wavebridge has proactively established infrastructure and platform foundations to meet institutional demand, and aims to become a trusted digital asset financial partner amid the evolving regulatory landscape."
Global cryptocurrency exchange Binance has announced the listing of four new spot trading pairs. On the 28th (local time), Binance stated through its official channels that it will list four spot trading pairs: BANANAS31/TRY, CVX/USDC, FUN/USDC, and LISTA/USDC. The newly listed trading pairs are scheduled to start trading on the 29th at 8:00 (UTC).
The US spot Ethereum (ETH) exchange-traded funds (ETF) recorded massive inflows of $1.85 billion last week. This marks the second-largest weekly inflow ever. On the 28th (local time), cryptocurrency-focused media outlet The Block, citing SosoValue data, reported, "Last week, the spot Ethereum ETF saw $1.85 billion in inflows, the second highest ever following the previous week’s record of $2.18 billion." Last week's weekly trading volume was $10.89 billion, a slight decrease from the previous week's $10.57 billion, but it still remains at a high level. Meanwhile, spot Bitcoin exchange-traded funds (ETF) saw a significant drop in fund inflows. Last week, spot Bitcoin ETFs had net inflows of $72 million, a sharp decline compared to the previous week’s inflows of $2.39 billion. Nick Luck, Director of Research at LVRG, explained, "As Bitcoin's volatility has weakened, more traders seem to be shifting into altcoins. This has increased the upside potential for major altcoins, including Ethereum."