Bitcoin shed about 2% as South Korea’s Kospi plunged 11% and the U.S. Senate shelved the crypto market structure bill, leaving the market facing a pivotal Fed decision on Wednesday.
Decentralized cloud storage company Storj filed for Chapter 11 bankruptcy protection on July 27, becoming the second crypto firm to collapse this week. The company says operations will continue and proposes an unusual arrangement where token holders receive equity in the restructured business.
As MiCA implementation deepens and the UK finalizes its crypto framework, stringent regulation could spur mergers, acquisitions and closer ties with banks.
Crypto exchange BitMart announced its closure after nine years of operation. The BMX token plunged 58% on the news. Users have one month to close trades and six months to withdraw assets.
Bitcoin ETF weekly trading volume has fallen to its lowest level since October 2024, while ether funds have continued to attract inflows over the past three weeks, signaling a shift in crypto market capital preferences.
The Bank of Korea (BOK) announced it will launch live CBDC transactions with nine commercial banks in September, marking a major milestone in the country’s digital currency development.
Brazil’s securities regulator (CVM) has established a task force with a 60-day deadline to submit a tokenization regulatory framework proposal for the country’s central bank digital currency.
Core Summary Japan’s parliament passed a landmark cryptocurrency tax reform bill on July 15, dramatically reducing the tax rate on crypto assets from the current maximum of 55% under the comprehensive income tax to a separate rate of approximately 20%, aligning with rates applied to stocks and foreign exchange. The reform fundamentally reclassifies crypto assets from “miscellaneous income” to “financial products,” removing the biggest institutional barrier to Japan’s crypto industry growth. ...
Core Summary U.S. Bitcoin miner TeraWulf has announced a $19 billion AI data center hosting agreement with Anthropic. TeraWulf’s CEO stated that “not all megawatts are created equally” in the AI race. The deal highlights the explosive growth in AI infrastructure and the industry trend of traditional crypto mining companies transforming into AI compute providers. Event Details According to CoinDesk, TeraWulf announced a $19 billion AI hosting agreement with Anthropic to provide large-scale data center infrastructure services. The deal marks TeraWulf’s formal transition from a Bitcoin mining-focused company to an artificial intelligence infrastructure provider. ...
Redemption requests in the $2 trillion private credit market surged to $15.6 billion in Q2, dwarfing Bitcoin ETF outflows, suggesting rising market risks.