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The Kobeissi Letter posted on platform X, stating that according to Goldman Sachs data, over 1.2 million leveraged retail trading accounts in South Korea triggered margin call notifications, with an estimated 320,000 to 360,000 accounts completely liquidated, accounting for about 3.4% of the adult population in South Korea.As the Korea Composite Stock Price Index (KOSPI) has fallen approximately 18% since July 13, it is expected that the number of accounts that have been completely forcibly liquidated has now exceeded 500,000.

According to data from RootData stock derivatives exchanges, the top three exchanges by cumulative trading volume in the past 7 days are Binance, Hyperliquid, and OKX.The total trading volume of the three exchanges is approximately $174.028 billion, accounting for 73.26% of the market share. Among them, Binance has a total trading volume of about $116.173 billion in 7 days, with a market share of 48.91%; Hyperliquid has about $30.618 billion, with a market share of 12.89%; and OKX has about $27.236 billion, with a market share of 11.47%.

The PPP prediction market tool monitoring shows that in the Polymarket prediction event "Will BTC fall to $45,000 within 26 years," a new account (0x42d150e0171590b28332a61b3f4cfca0a34cdab6) purchased $90,000 worth of BTC not falling to $45,000 within 26 years, with an opening price of 73¢.This event will be settled between November 24, 2025, 14:00 and December 31, 2026, 23:59 (Eastern Time), based on the lowest price of the 1-minute K-line for the Binance BTC/USDT trading pair. If during the specified time frame, the final Low price of any 1-minute K-line for Binance BTC/USDT is less than or equal to the price specified in the title, the event will be immediately settled as "Yes"; otherwise, it will be settled as "No." The settlement data only refers to the 1-minute K-line Low price on the Binance BTC/USDT trading pair page, and prices from other exchanges, other trading pairs, or spot market prices are not included.

According to Digital Asset, on July 28, 15 members of South Korea's People Power Party, including Kim Sang-hoon, proposed an amendment to the Specific Financial Information Act, allowing financial authorities to request the suspension of payments for virtual asset accounts suspected of being used for illegal asset transfers.The amendment defines "account" as a unique identification number provided by exchanges to users. The Financial Intelligence Analysis Institute can request a suspension of payments for 30 days when an account is deemed suspicious, which can be extended once. Those who do not comply may face fines of up to 100 million won. The bill will take effect six months after its announcement.

According to the Q2 2026 report released by the Safe Ecosystem Foundation on Wednesday, Safe smart accounts processed nearly 130 million transactions in the second quarter, setting a quarterly historical record with a 5.7% quarter-over-quarter growth. The total number of accounts reached 63.4 million, a year-on-year increase of 20%, and the monthly active accounts in June rose to 2.73 million. The transaction volume in April alone reached 55.4 million, the highest in history. The quarterly transfer amount reached $39.3 billion, a year-on-year increase of 8%, and the self-custodied assets at the end of the quarter amounted to $27.24 billion (including $6.48 billion in stablecoins), with project revenue of $1.98 million, a year-on-year increase of 42%.Co-founder Lukas Schor stated that Safe is evolving from a mere asset holding tool to a broader range of use cases, with usage continuing to grow at a compound rate in a weak market. The Safenet Beta, launched on April 2, attracted 54.8 million SAFE staked (with 539 stakers) in its first quarter and has checked over 500,000 transactions, operated by six validators including Greenfield and Gnosis. Additionally, after the KelpDAO attack incident, Aave-led DeFi United coordinated approximately $300 million through Safe smart accounts to help restore rsETH support, with over 142,000 wallets participating. The SAFE token rose 4.2% in the past 24 hours.

Bitget Unified Account (UTA) launches a zero-interest lending program for USDGO holdings, with the event running from July 29 at 15:00 to August 29 at 15:00 (UTC+8). During the event, users holding USDGO can borrow USDT under the unified account and receive a zero-interest borrowing limit equivalent to 30% of the value of their USDGO holdings, with a maximum zero-interest limit of 10 million USDT per user. Related rights will automatically take effect during the event, and users do not need to manually claim or register. For more details, please refer to the official Bitget platform.

On-chain yield platform Altura announced that it originally planned to purchase USDT using fiat funds from its Altura bank account through over-the-counter trading partners, but the bank account holding the relevant funds has been temporarily frozen by the bank. Screenshots show that the frozen amount is approximately £16.446 million, about $21.88 million, and this plan has therefore been hindered.Altura stated that it has communicated with the bank regarding this matter, and the bank has requested that it wait for the review to be completed, stating that it will contact them separately if additional materials are needed. The current situation is completely beyond Altura's control, and they must wait for further responses from the bank. Altura also announced that due to limited team resources, it will suspend community chat functions to focus on addressing the current issues, and it promises that subsequent developments will be promptly communicated through its official X account, Telegram channel, and Discord, while urging the community to avoid speculation until official confirmation is received.

Bitget released the rToken Institutional Cross-Asset Capital Management Guide, which details how market makers, hedge funds, quantitative trading firms, prime brokers, and asset management companies can utilize its Unified Trading Account (UTA) to enhance capital efficiency between cryptocurrencies and tokenized U.S. stocks. The guide focuses on portfolio construction and financing strategies, covering core trading scenarios such as cross-asset collateral, dividend arbitrage, and lending structures that balance capital efficiency with risk isolation, providing a practical framework for institutions to optimize multi-asset allocation.Currently, Bitget's Unified Trading Account (UTA) supports over 370 types of collateralizable assets, including 105 types of tokenized U.S. stocks. Eligible crypto assets and tokenized stocks can enter the same margin system, share collateral, and offset margin requirements, helping institutions reduce idle funds scattered across exchanges and brokerage accounts.Bitget CEO Gracy Chen stated that institutions do not lack access to the stock market; the real challenge lies in how to efficiently move funds between different markets. As tokenized assets gradually enter institutional portfolios, managing crypto assets and tokenized stocks under a unified framework will provide more possibilities for risk management and asset allocation.

Robinhood CEO Vlad Tenev posted on the X platform that his X account was hacked last week. The attacker used social engineering to deceive X customer service, bypassing standard security features such as two-factor authentication and login notifications, and posted false content about meme coins.The X security team has assisted in removing the related posts and restoring account access, and additional security measures have been implemented for the account.

According to a report by Bloomberg, Visa is cutting about 2,600 jobs, which accounts for approximately 7% of its total workforce.The company's CEO Ryan McInerney stated in a memo to employees that this move aims to enhance operational efficiency in response to the increasingly competitive payments industry. The layoffs are expected to primarily affect the technology and product teams.

According to crypto user @HowardLouisHL, on June 30, 2026, he deposited 100,000 USDT into Ourbit and engaged in normal trading for about a week. On July 4, when he attempted to withdraw to Binance, the system prohibited the transaction. Customer service only replied, "Triggered risk control," without specifying the exact reason. The next day, the user's account was restricted from logging in. After being forced to submit all identity and account information, on July 20, he received an official email from Ourbit stating that the review had been postponed to July 3, 2027, and declared that "it may be extended again without reason."The user made three demands: to publicly disclose the specific risk control reasons, to provide a clear timeline for handling, and to immediately unfreeze and return the 100,000 USDT.As of now, Ourbit has not issued a public response regarding this incident.

The Bankr developer deployer released a statement on the X platform, stating that the Bankr infrastructure has not been compromised and no Bankr vulnerabilities have been exploited. The attacker infiltrated the X account.Previously, the official Bankr X account was hacked and posted a false airdrop link. Currently, the team is waiting for a response from the X platform and recommends that users enable multi-factor authentication for their Bankr accounts.

According to News.bitcoin, data released by the Central Bank of El Salvador shows that in the first half of 2026, only 35.4 million dollars in external remittances were channeled into the country through digital currency. This figure accounts for only 0.7% of the total remittances to the country in 2026 (over 5 billion dollars). Nevertheless, the amount of cryptocurrency remittances is still significantly higher than the level in the first half of 2025, when the cryptocurrency remittance amount was 25.4 million dollars, an increase of 39.1%.

The AI agent toolkit Bankr developer deployer posted a reminder on platform X that all Bankr users should enable multi-factor authentication (MFA) within their Bankr accounts, as enabling MFA only on X or other social login accounts is insufficient to ensure the security of account funds.Previously, deployer posted on X stating that the Bankr X account had been compromised and false airdrop links were published, even though the account had previously been protected by device-side Passkey. deployer stated that they have requested the removal of the related false posts from platform X and are assisting in investigating the cause of the account compromise.

According to The Defiant, Robinhood has confirmed that CEO Vlad Tenev's X account was hacked and used to promote a counterfeit meme coin called Vladhood on the Robinhood Chain. According to DexScreener data, VLAD recorded over $22 million in trading volume within hours, with a fully diluted valuation of about $2.6 million. The Robinhood Chain block explorer has marked the contract as a scam.On-chain records show that the token issuance address launched via the issuance platform Pons 46 minutes before the false post, and filled Tenev's X homepage as the token's official website, indicating that the token issuance and the hacking were part of the same coordinated operation. The attacker did not withdraw liquidity throughout the process but instead made six calls to Pons's fee collection function, extracting approximately 31.6 ETH and about 72 million VLAD, totaling around $247,000. This is at least the third social media scam related to Robinhood Chain meme coins in three weeks.

Robinhood CEO Vlad Tenev stated that their X account has now been restored and is awaiting an explanation from the platform team regarding the situation that occurred earlier. He emphasized that Robinhood has never issued any cryptocurrency or tokens and reminded users to be cautious of related misinformation.

The People's Bank of China Shenzhen Branch, Shenzhen Securities Regulatory Bureau, Municipal Internet Information Office, and Municipal Local Financial Supervision Administration continue to carry out special rectifications, urging local website platforms to strictly implement their main responsibilities and legally handle a number of illegal self-media accounts.Some typical cases include: "USDT Merchant Group Chat," "Gather Together to Play Virtual Currency," "Search for Bitcoin," "WeChat Quick Exchange," "Zhongchain Laojiu," "Medicine Breaks a Good Sleep," "Little Goldfish 9884," "User 0767527971," and other accounts that illegally provided marketing and promotional information related to virtual currency business activities within the country, enticing the public to participate in illegal financial activities related to virtual currency. According to the relevant policy provisions such as the "Notice on Further Preventing and Handling Risks Related to Virtual Currency," the aforementioned accounts have been permanently closed and dealt with by the platform in accordance with the law and agreements.

According to SolanaFloor, the financial platform Ramp, which serves over 70,000 enterprises, has launched a stablecoin account on Solana, allowing businesses to hold USDC or USDT and enabling around-the-clock cross-border payments through existing approval and accounting workflows.

Bloomberg New Energy Finance (BNEF) latest forecast shows that by 2035, electricity consumption by data centers in the United States will account for about 20% of the nation's total electricity consumption, a significant increase from the current level of about 5.9%. The agency has raised its forecast for data center electricity demand in 2035 to 106 GW, which is 36% higher than the 78 GW predicted in April this year. Currently, the operating capacity of data centers in the U.S. is about 40 GW, accounting for approximately 3.5%-4% of the national electricity demand, while under BNEF's baseline scenario, this proportion is expected to reach 8.6% by 2035. The high-growth model from the Electric Power Research Institute (EPRI) indicates that if the combined effects of cryptocurrency mining and AI computing power are taken into account, the upper limit of this proportion also points to 20%.In response to the explosive growth in AI computing power demand, Bitcoin mining companies are actively transforming. Companies like Core Scientific and Riot Platforms have partnered with tech giants such as AWS and Google to convert their existing mining sites into AI data centers. Currently, Bitcoin mining companies have secured about 6 GW of electricity capacity, which is expected to expand to 12 GW by 2027, with some analysts estimating that about 20% of mining companies' computing power capacity will shift towards AI workloads by then. Data from the Electric Reliability Council of Texas (ERCOT) shows that data centers now account for about 90% of local large load applications, with many sites originally used for cryptocurrency mining being repurposed as AI computing facilities. This trend is also directly reflected in the capital markets, as Core Scientific has seen a significant rebound in its stock price after emerging from bankruptcy and partnering with AI cloud service provider CoreWeave.