[Evening News Briefing] US CFTC and SEC Establish Cryptocurrency Regulatory Standards Following White House Guidance

CFTC and SEC to Establish Cryptocurrency Regulation Standards Following White House Guidelines

According to CoinTelegraph, the U.S. Commodity Futures Trading Commission (CFTC) has initiated a 'Crypto Sprint' in collaboration with the Securities and Exchange Commission (SEC) to clarify cryptocurrency regulations, following White House recommendations. Caroline D. Pham, acting chairman of the CFTC, stated in an official statement that "CFTC is moving swiftly to realize the vision of making the U.S. the world's cryptocurrency capital. The CFTC has already discussed with the crypto industry, abolished outdated regulatory interpretations, and completed reviewing 24-hour derivatives trading and perpetual contract introduction." According to reports, the Presidential Working Group (PWG) directly recommended two key tasks to the CFTC. First, establishing comprehensive regulatory standards including criteria for classifying cryptocurrencies as commodities, registration requirements in DeFi environments, and guidelines for cryptocurrency usage by supervised companies. Second, reviewing regulations specific to blockchain-based derivatives. Additionally, CFTC and SEC plan to introduce a joint regulatory sandbox, allow multiple services on a single user interface, and develop clear regulations using existing authorities.

Toss and Bithumb Discuss Stablecoin Alliance, Countering Naver and Upbit

MTN News reported that Toss (Viva Republica) and cryptocurrency exchange Bithumb are discussing cooperation for establishing a stablecoin-based payment system. The collaboration is expected to develop in a similar model to the won stablecoin cooperation between Naver Pay and Upbit (operated by Dunamu).

Cardano Community Passes $71 Million Development Expenditure Proposal

According to CoinTelegraph, the Cardano community passed a resolution to spend 96 million ADA ($71 million) for network upgrades. The proposal, initiated by Input Output Global (IOG), received 74% approval with 200 votes in favor, 6 against, and 7 abstentions. The development plan includes the Hydra protocol for transaction speed improvement and Project Acropolis aimed at node structure redesign. Key tasks include developer onboarding, interoperability enhancement, stake pool operational efficiency, and establishing technical foundations for advanced smart contracts.

Capital B Raises $13.3 Million for BTC Investment

The European listed company Capital B announced raising $13.3 million through a capital increase. The secured funds are intended to be used for BTC investment.

Smarter Web Company Raises $10.75 Million for 'BTC Investment'

UK-based web development company Smarter Web Company (SWC) announced raising 8.1 million pounds ($10.75 million) through convertible bond issuance. SWC has previously officially announced Bitcoin investment, and this fundraising is expected to be used for BTC purchases. As of July 30, SWC holds 2,050 BTC.

H100 Raises $2.2 Million to Purchase Additional BTC

Swedish healthtech company H100 announced raising 21.2 million Swedish krona ($2.2 million) for additional Bitcoin purchases. H100 holds 685.1 BTC as of July 31.

Metaplanet Purchases 463 BTC

Japanese listed company Metaplanet, which has incorporated Bitcoin as a primary asset, announced purchasing an additional 463 BTC through its official X. Current holdings are 17,595 BTC.

$150 Million ENA Deposited to Exchanges in Past Two Weeks

Crypto analyst and trader Ali Martinez reported through X that 250 million ENA ($154.75 million) was deposited to exchanges in the past two weeks. Exchange deposits are typically interpreted as intended for selling volume. According to CoinMarketCap, ENA is trading at $0.6185, up 16.21% in the last 24 hours.

Former UK Finance Minister: "UK Unable to Follow Cryptocurrency Innovation Trend"

George Osborne, former UK Finance Minister, pointed out that "the cryptocurrency industry is as innovative as Nigel Lawson's 'Big Bang' reform in the 1980s. However, the UK is falling behind this global trend." In a Financial Times opinion piece, Osborne criticized Andrew Bailey, Bank of England Governor, and Rachel Reeves, current Finance Minister, for placing the UK in the 'slow lane' regarding cryptocurrency and stablecoin policies. He urged immediate establishment of a clear legal policy framework and noted the UK Treasury's lack of substantial content despite claiming to promote stablecoins.

Binance to Delist DOGS/FDUSD and Other Margin Pairs

Binance announced delisting cross margin pairs DOGS/FDUSD, MOVE/FDUSD, MANTA/FDUSD, PEOPLE/FDUSD, and isolated margin pairs DOGS/FDUSD, PEOPLE/FDUSD on August 8 at 3 PM Korean time.

Howell Abandons Search for 8,000 BTC After 12 Years

In 2013, IT engineer James Howells, who accidentally discarded a hard drive containing 8000 BTC (approximately 12.8 billion won), has ended his 10-year search activity, according to Bitcoin Archive. James Howells mistakenly threw away a hard drive storing 8000 BTC during cleaning in 2013. At the time, it was worth around $6.5 million, and Howells continuously requested permission from Newport City authorities to excavate the landfill. However, Newport authorities rejected his landfill excavation request, citing potential environmental damage. As a result, 8000 BTC is effectively considered permanently lost (burned).

Upbit Changes Circulation Plan for SYRUP

Upbit announced that it has applied changes to the circulation plan according to Maple Finance's (SYRUP) request.

Long-Short Ratio of BTC Perpetual Futures at Top 3 Futures Exchanges

The recent 24-hour long-short position ratio of BTC perpetual futures at the world's top 3 cryptocurrency futures exchanges based on open interest is as follows:

Overall Exchanges: Long 49.35% / Short 50.65%

1. Binance: Long 47.96% / Short 52.04%

2. Bybit: Long 50.25% / Short 49.75%

3. Gate.io: Long 52.39% / Short 47.61%