🌕 The World Gold Council (WGC) will launch a pilot digital gold in London in 2026 in the format of pooled gold interests (PGIs) – fractional ownership of physical bars held in trust accounts.
The new instrument aims to transform gold from a 'dead' asset into an active one: it can be used as collateral, margin, or a means of settlement.
The project is supported by major banks and trading houses, and if successful, gold will have the chance to become not only a store of value but also a full-fledged element of the global financial infrastructure.
⚡️ Monero developers urged community members to activate their mining setups to enhance network security.
The Qubic pool, which executed a 51% attack, continues to lead in hash rate, but its share has decreased to 32.7% of the total computational power.
The closest competitor controls 21.5%.
At the same time, the Kraken exchange temporarily suspended trading and deposits of XMR, citing a "potential threat to the integrity" of the blockchain.
🤔 Preconditions for a significant correction in the crypto market.
"A vivid example of excessive enthusiasm that may signal buyer saturation" – notes an analyst from Bitwise.
— Google searches for the word "altcoin" have reached a 5-year high. — Searches for the word "Ethereum" are at a record level for the last 3 years. — The sentiment index in the crypto market increased from 0.23 to 0.91 last week.
Key growth factors: institutional investments, increase in the stablecoin market (up to $2 trillion by 2028), clarity in the regulatory environment of the USA, development of L1 blockchain scalability based on Ethereum, expansion of DeFi and L2 ecosystems, as well as positioning Ethereum as infrastructure for traditional finance.
⚡️ Google Play Store introduces new rules, banning licensed crypto wallets and requiring compliance with AML/KYC in the US and EU.
According to the new policy, non-custodial wallets will need to register with FinCEN and obtain a license from the state banking authority or a MICA license.
🐹 Glassnode analysts note that the market has shifted from a phase of euphoria to a stage of re-evaluation:
🔴 Indicators suggest overselling and seller fatigue, creating conditions for a potential rebound.
🔴 The market structure remains fragile: weak demand, declining volumes, and increasing interest in protection against downturns indicate participants' caution.
🔴 Institutional flows are weakening, and activity in spot and derivatives is decreasing.
🔴 Overall — the market has cooled, and any recovery now will be vulnerable to external negative events.
⚡️ Over the last three months, there has been a trend of increasing outflow of altcoins from the Binance exchange, while investors are actively accumulating them, according to CryptoQuant data.
🇮🇳 Indian investors collectively own about 1,000,000 BTC (5.1% of the total supply) — the United States leads in this metric with approximately 7,800,000 BTC (~40%), including reserves of companies, funds, and confiscated assets.
Despite high taxation, there is strong demand for Bitcoin in India — this is due to a young, tech-oriented audience and a high share of long-term retail investors.
There are no official data — estimates are based on exchange and blockchain data.
⚡️ On August 2, Arthur Hayes, the former CEO of BitMEX, sold from his wallet over six hours 2,373 ETH ($8.32 million), 7.76 million ENA ($4.62 million), and 38.86 billion PEPE ($414,700).
He explained his actions by the expectation of the passage of a tariff bill in the U.S. in the third quarter, which the market believes is supported by employment data.
Additionally, Hayes suggested that the price of Bitcoin could drop to $100,000, and Ethereum to $3,000.
He still has unrealized assets worth about $30 million in his addresses.
The entrepreneur promised to provide more detailed comments at a conference at the end of August, and in the meantime, he plans to 'return to the beach'.
🪙 BTC : The activity of new investors is increasing, indicating a sustained late stage of the bull cycle. Meanwhile, the influence of more experienced market participants remains moderate, leaving potential for continued growth until reaching the classic euphoric zone at 60-70% and above.
🇺🇸 The SEC has approved the possibility of redeeming Bitcoin and Ethereum ETFs in kind — that is, NOT in dollars, but directly in BTC or ETH.
This decision reduces the tax burden and costs for participants, makes the funds' operations more efficient, and confirms that the regulator increasingly perceives the crypto market as mature. Such a mechanism has long been used in ETFs for gold and stocks.
🟠 The company Galaxy Digital has successfully completed the sale of 80,000 BTC for $9.3 billion, belonging to an investor from the 'Satoshi Nakamoto era'.
This transaction was part of the client's legacy planning and became one of the earliest and most significant profit realizations in the cryptocurrency market.
After the CEO of CryptoQuant, the investment director of Bitwise also noted that the traditional BTC cycle model is losing its significance:
— Halving is becoming less significant each time. — The macro environment is more favorable now – interest rates are no longer exerting pressure as they did in 2018 and 2022. — There are fewer risks of a crash due to improvements in the regulatory environment and institutional adoption. — The new risk lies in the increasing number of companies holding BTC on their balance sheets.
Long-term trends are replacing the four-year cycle:
— Inflows into ETFs are just beginning – this is a trend for the next 5–10 years. — Institutional investors are actively entering the crypto market. — Regulatory changes are planned for January 2025. — Wall Street has actively engaged in the process following the adoption of the GENIUS law.
🇺🇸 The White House plans to release a report on cryptocurrency policy on July 30.
Bo Hines, the executive director of the U.S. President's Council on Digital Assets, stated that the working group has completed the preparation of this document.
💸 Payment giant PayPal has officially launched a new platform — PayPal World, which will bring together the largest payment systems and digital wallets in one place.
🇺🇸 The SEC has approved the conversion of the Bitwise 10 Crypto Index Fund into an exchange-traded fund (ETF), which will include the following tokens: