Trump Media Invests $300 Million in Bitcoin-Related Option
Bloomberg reported that Donald Trump's media company, Trump Media and Technology Group (TMTG), invested $300 million in a Bitcoin-related option product last week. The specific details of the product remain unclear. The media outlet suggested that "this indicates TMTG is pursuing an investment that leverages Bitcoin price fluctuations. Trump has previously posted on Truth Social to encourage cryptocurrency price increases. This option investment is interpreted as an attempt to profit from such price movements."
Last Week's ETH Spot ETF Sees $18.5 Billion Net Inflow - Second Largest Ever
SoSoValue reported that $18.5 billion (2.6 trillion won) was net inflows into the US Ethereum (ETH) spot ETF last week. This is the second-largest weekly net inflow since the ETH spot ETF's launch. During the same period, the BTC spot ETF saw $72.06 million (99.3 billion won) in net inflows.
Stablecoin to be Treated Like Dollar and Yen... Reviewing Foreign Exchange Transaction Law Application
Munhwa Ilbo reported that the government is preparing to apply the Foreign Exchange Transaction Law to stablecoins like Tether (USDT), similar to foreign currencies such as the US dollar and Japanese yen. The Ministry of Economy and Finance is conducting a research project on potential violations and system improvements related to stablecoins. Experts predict that if stablecoins are subject to the Foreign Exchange Transaction Law, new limits on overseas remittances and collections will be established without additional documentation.
Bank of Korea Labor Union: "Stablecoins are Quasi-Deposit Services with Coin Run Risks"
Yonhap Infomax reported that the Bank of Korea Labor Union is voicing strong concerns about the introduction of won-based stablecoins. Chairman Kang Young-dae stated in a press release that stablecoins are emerging as a "new type of quasi-deposit service" claiming to be safe assets while collecting money without providing interest. He criticized the inherent risks of stablecoins, including IT risks, market, credit, and operational risks that could lead to a coin run and potentially shock the economy.
Metaplanet Purchases Additional 780 BTC
The Japanese listed company Metaplanet announced it purchased an additional 780 BTC at an average price of $118,622. As of the 28th, Metaplanet holds 17,132 BTC ($1.73 billion), with an overall average purchase price of $101,030.
Smarter Web Company Raises $26.42 Million to Purchase BTC
The UK-based web development company Smarter Web Company (SWC) announced it raised £19.68 million ($26.42 million) to purchase BTC. They currently hold 1,825 BTC.
KGeN Partners with KODA for Digital Asset Custody
The decentralized identity and reputation verification protocol KGeN announced a partnership with digital asset custody company KODA (Korea Digital Asset). Through this partnership, KGeN aims to accelerate the adoption of its reputation data framework in the Korean and global Web3 markets. KODA will securely supply and verify user activity data through KGeN's identity and reputation engine 'POGE'.
Australia Warns Bitget About Unauthorized Operations
Decrypt reported that the Australian Securities and Investments Commission (ASIC) warned Bitget about providing unauthorized cryptocurrency products. ASIC stated that Bitget and its parent company BTG Technology Holdings are promoting unauthorized cryptocurrency futures products to Australian investors without a valid Australian financial services license.
Pudgy Penguins Team Deposits $8.91 Million PENGU to Exchange
MberCN reported that the Pudgy Penguins (PENGU) team contract deployer address deposited approximately 210 million PENGU ($8.91 million) to a centralized exchange (CEX) in the last 24 hours. Since July 12, the cumulative PENGU transferred to exchanges from this address is about 2.09 billion PENGU ($66.6 million).
Anonymous Whale Withdraws $23.7 Million ETH from Bybit
OnChainLens reported that an anonymous whale withdrew 6,273.5 ETH ($23.7 million) from Bybit over the past three days. The whale currently holds 6,294 ETH ($24.4 million).
Anonymous Whale Withdraws $14.58 Million ETH from Binance
OnChain Lens reported that an anonymous whale that had been dormant for five months withdrew 3,711 ETH ($14.58 million) 23 minutes ago. Exchange withdrawals are typically interpreted as holding purposes.
401,961,138 USDT Transferred... Anonymous → OKX
According to Whale Alert, 401,961,138 USDT was transferred from an anonymous address to an OKX address, amounting to $400 million.
500,749,291 USDT Transferred... OKX → Anonymous
According to Whale Alert, 500,749,291 USDT was transferred from an OKX address to an anonymous address, amounting to $500 million.
270,660,018 USDT Transferred... OKX → Anonymous
According to Whale Alert, 270,660,018 USDT was transferred from an OKX address to an anonymous address, amounting to $270 million.
Upbit Lists OP
Upbit announced through its official website that it will list Optimism (OP) on the won, BTC, and USDT markets at 4:30 PM today.
Binance Alpha Adds USELESS
Binance Alpha announced the addition of USELESS. Binance Alpha is an on-chain trading platform within the Binance wallet, focusing on listing early-stage coins. Alpha coins may be listed on Binance spot and perpetual futures in the future.
Solana Co-Founder: "Meme Coins and Non-Fungible Tokens are Digital Trash"
Anatoly Yakovenko, co-founder of Solana, referred to meme coins and Non-Fungible Tokens as digital trash, according to CoinTelegraph. He said, "I've been saying this for years. Meme coins and Non-Fungible Tokens are essentially valueless digital trash. It's like free mobile game loot boxes that encourage repeated user payments. I acknowledge that Solana grew due to meme coins, but Apple's revenue would have been minimal without loot boxes."
Binance CEO: "Cryptocurrency, from Scam to Innovation... The World Has Changed"
Richard Teng, Binance CEO, posted on X, "If there were skeptics in 2017 who dismissed cryptocurrency as a scam, now institutions are calling it the center of the next innovation. It's truly ironic how the world has changed."
Foreign Media: "Zhao Changpeng Holds $75.8 Billion in BNB"
As BNB reached an all-time high of $850.70 during trading, CoinTelegraph reported that Binance founder Zhao Changpeng's BNB holdings exceeded $75.8 billion. Citing a Forbes report, the media explained that "Zhao Changpeng holds 64% of circulating BNB, which amounts to 89.1 million tokens". Zhao previously stated that 98% of his asset portfolio is BNB, with the remainder being BTC.
Long-Short Ratio of BTC Perpetual Futures at Top 3 Exchanges
The recent 24-hour long and short position ratios for BTC perpetual futures at the world's top 3 cryptocurrency futures exchanges, based on open interest, are as follows:
Overall Exchanges: Long 51.11% / Short 48.89%
1. Binance: Long 51.42% / Short 48.58%
2. Bybit: Long 51.65% / Short 48.89%
3. Gate.io: Long 50.15% / Short 49.85%
Solo Miner Successfully Mines 3.16 BTC
According to Bitcoin blockchain explorer Mempool data, a miner successfully mined a solo Bitcoin block at block height 907,465 on the 28th at 5:43 AM local time, receiving 3.164 BTC, equivalent to approximately $375,800.
$4 Trillion in Short Positions to be Liquidated if ETH Falls Below $3,687
According to CoinGlass data, if ETH falls below $3,687, short positions worth $2.89 billion (approximately 4 trillion won) will be liquidated on major centralized exchanges. Conversely, if it rises above $4,062, long positions worth $1.31 billion (approximately 1.8 trillion won) will be liquidated.
