US SEC Launches 'Project Crypto'... Actively Supporting Cryptocurrency Innovation
The US Securities and Exchange Commission (SEC) announced the launch of Project Crypto to support former President Trump's vision of making the United States the world's cryptocurrency capital. SEC Chairman Paul Atkins stated, "We will work to ensure cryptocurrencies circulate again in the United States. Contrary to past SEC claims, most cryptocurrencies are not securities. The SEC will ensure investors have maximum choice when deciding where to store and trade cryptocurrencies. Broker-dealers with alternative trading systems should be able to provide non-security cryptocurrency trading along with cryptocurrency securities, traditional securities, cryptocurrency staking, and loan services without needing licenses from more than 50 states or federal licenses. In other words, we will actively support innovation through 'super apps'."
Listed Companies Purchased $47.3 Billion in BTC This Year... Surpassing ETF Inflows
According to the CEX.IO report, listed companies have purchased a total of $47.3 billion worth of BTC this year, significantly exceeding the BTC spot ETF inflows of $31.7 billion during the same period.
3,650 BTC Transferred... From Kraken to Anonymous
According to Whale Alert, 3,650 BTC was transferred from a Kraken address to an anonymous address, amounting to $430 million.
281,683,961 USDT Transferred... From Kraken to Anonymous
According to Whale Alert, 281,683,961 USDT was transferred from a Kraken address to an anonymous address, amounting to $280 million.
Analysis: "BTC Profit-Taking Surges... Led by New Whales"
Cryptoquant reported, "Bitcoin experienced its third profit-taking sell-off in this bull market. Realized profits surged to $6-8 billion by late July, similar to the peaks in March and December 2024. New whales led the selling above $120,000."
5 Institutions Urge SEC to Allow SOL ETF Staking LST
Gitolabs, Bitwise, Multicoin Capital, Van Eck, and the Solana Policy Institute recently sent a letter to the US SEC requesting permission to use Liquidity Staking Tokens (LST) as an ETF staking mechanism, mentioning the Solana ETF.
Deloitte Survey: 99% of CFOs "Will Use Cryptocurrency Long-Term"
A Deloitte survey revealed that 99% of Chief Financial Officers (CFOs) expect to use cryptocurrencies in their business long-term. According to The Block, approximately 40% of CFOs from companies with over $10 billion in revenue anticipate using cryptocurrencies as an investment or payment method within two years. Regarding cryptocurrency investments, 43% cited price volatility as their primary concern.
Smart Money Opens SOL Long Position... $42.3 Million Scale
LookOnChain reported that a smart money trader who earned over $2.9 million in the past 20 days opened a long position of 238,909 SOL ($42.3 million) an hour ago. This trader conducted 14 trades over the past 20 days with an 85.71% success rate.
Exchange SOL Balance Decreased by 2.03 Million Last Week
BeInCrypto reported that the SOL balance on centralized exchanges (CEX) decreased by 2.03 million last week, typically interpreted as a holding purpose.
Smart Contract Language Deployed on Bitcoin L2 Network
Unfolded reported that Blockstream deployed the Simplicity smart contract programming language on the Bitcoin Layer 2 Liquid Network, marking a significant turning point for introducing smart contract functionality in the Bitcoin ecosystem.
Ethereum Foundation: "10-Year Goal of 10,000 TPS and Quantum Resistance"
Unfolded reported that the Ethereum Foundation set a 10,000 transactions per second (TPS) and quantum resistance as its goals for the next decade.
Bitcoin Daily Active Addresses Sharply Decline Since Early July
TimesCrypto reported that Bitcoin's daily active addresses dropped from 570,000-800,000 in early July to 380,000 currently. In contrast, Ethereum addresses remain stable at 511,000.
Ethereum Active Addresses at 2-Year High
Centora reported that Ethereum's active addresses reached 931,310, the highest in two years.
Kraken's Q2 Revenue Declines
DL News reported that Kraken's Q2 revenue decreased due to fierce competition and reduced trading volume. Q2 revenue was $411 million, a 13% decrease from the previous quarter. Trading volume dropped from $208 billion in Q1 to $186 billion in Q2.
Africa's Largest Cryptocurrency Exchange Supports Tokenized US Stock Trading
CryptoBriefing reported that VALR, Africa's largest cryptocurrency exchange by trading volume, launched xStocks to support tokenized US stock trading.
Helium Plus Launched... Participate in Helium Network via WiFi
CoinDesk reported that Solana-based DePIN Helium (HNT) launched a new service called Helium Plus, allowing companies to contribute to the Helium Network using only WiFi without purchasing new equipment.
14-Year Dormant Whale Sells Additional 100 BTC
ai_9684xtpa reported that an OG whale who held 3,963 BTC for 14.5 years sold an additional 100 BTC. Over a week, this whale sold 250 BTC ($29.57 million), with an average purchase price of just $0.37.
Ethereum 10th Anniversary NFT Minting Ends... Over 780,000 Issued
The Ethereum 10th Anniversary Torch Non-Fungible Token minting has concluded. Total issuance exceeded 780,000, with over 660,000 holding addresses.
HYPE Staking Reaches All-Time High... Over 43% of Supply
HYPE staking has reached its highest historical level, with over 43.4% of the total supply being staked (including team/foundation amounts).
Trump "Extends Tariff Agreement with Mexico by 90 Days"
President Trump announced that he would extend the tariff agreement with Mexico by 90 days. Mexico will continue to pay the 25% tariff, and he added that tariffs will be renegotiated with Mexico within 90 days.
BTC Below $117,000
According to Coinnis market monitoring, BTC has fallen below $117,000. On the Binance USDT market, BTC is trading at $116,935.78.
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