π’Japan has officially approved legislation to legalize Bitcoin and crypto ETFs, while also moving toward cutting crypto taxes from 55% to 20%. The worldβs fourth-largest economy is making a significant push toward broader crypto adoption.
π’ Despite the recent sell-off in the market, Cathie Wood's ARK Invest continued its July purchases by acquiring an additional 220,000 Circle ($CRCL) shares valued at $13.9 million.
π’ DePIN is one of the worst-performing cryptocurrency sectors, with its entire market capitalisation down 83% from its peak in March 2024 to $3.46 billion.
π’ As processing capacity is still limited, global oil refining margins have risen to a record $59 per barrel, almost tripling their level at the beginning of 2026.
π’ With activity from older coins drastically dropping in 2026, Galaxy Digital estimates that the biggest redistribution of inactive Bitcoin since 2017 is almost finished.
π’ According to Lookonchain, a Bitcoin whale has moved 5,908 BTC, valued at approximately $383 million, to a new wallet after eight years of dormancy.
π’ According to Glassnode, Bitcoinβs rally is facing headwinds as cycle-top buyers continue to cut losses while recent buyers take profits and lock in gains.
π’ As the rally surpasses spot market liquidity, exchange leverage has risen into the top 5% of historical extremes, indicating increased deleveraging risk.
π’ After Aave was deployed and the ecosystem continued to flourish, Monad's TVL increased to $621 million, while Stable lead all blockchains in 30-day TVL growth.