Crypto

Trading volumes across major centralized platforms fell down to $1.05 trillion, marking the quietest stretch of activity for the digital asset market in over two years.

Bitcoin price tumbles as the Clarity Act stalls in Congress. Is crypto heading for a deeper correction or just another shakeout? The post Crypto News, July 28: CLARITY Act Shelved, Bitcoin Drops in Asian Market Rout appeared first on Cryptonews.

Circle has acquired nearly 1,000 IBM blockchain patents as the USD Coin (USDC) issuer pushes deeper into the infrastructure connecting stablecoins with banks and payment networks. In a July 27 statement, the firm said the portfolio includes more than 680 patent families spanning blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply-chain verification, and secure […] The post Circle is arming USDC with 1,000 IBM patents to secure its grip on global banking rails appeared first on CryptoSlate.

Lido launched Curated Module v2, an upgrade that could reduce Ethereum’s validator count by one-third by consolidating validators and introducing new operator rules. Lido, a liquid staking protocol that lets users earn Ethereum staking rewards through its stETH token, has launched an upgrade to its staking infrastructure that aims to improve validator efficiency and decentralization. The upgrade introduces Curated Module v2, which adds support for Ethereum’s 0x02 withdrawal credentials. The change allows validators to increase their effective balance from 32 ETH to as many as 2,048 ETH, according to a Lido update on Monday. Lido said the migration could reduce Ethereum’s validator count to about 628,000 from 880,000, a decrease of about one-third. The migration has not started yet, and the figures are based on Lido’s projections. Read more

Interestingly, the XRP ETFs were in the green yesterday. So why is the asset down so much?

The new system marks an apparent departure from the institution-focused layer-1 blockchain Ondo announced in 2025. Real-world asset tokenization platform Ondo Finance has launched an offchain execution network in an apparent pivot away from the institution-focused layer-1 blockchain it introduced in 2025.  The company said Monday that Ondo Network will handle trades away from public blockchains and is already being used by Ondo Perps, its perpetual futures platform.  Traditional blockchains typically rely on distributed networks of computers to validate transactions and maintain shared state. Ondo Network instead runs its trading software inside one protected computing environment that the company calls “enclaves,” which are also known as Trusted Execution Environments in crypto parlance. A group of operators checks that the software has not been altered, and each holds part of the digital key needed to authorize transfers.  Read more

The order turns on whether each contract counts as a swap under federal law, and the judge found that not every one does.

Strategy (formerly MicroStrategy) has begun buying back its STRC preferred stock as the Bitcoin treasury company shifts more capital toward supporting its financing structure. In a July 27 SEC update, Strategy said it purchased 288,930 STRC shares for $25 million between July 20 and July 26, marking the first disclosed use of a $1 billion […] The post Strategy hits a 5 week pause on Bitcoin, using $25M to quietly buy back its own discounted stock appeared first on CryptoSlate.

BEAT has plummeted the most from the top 100 alts, followed by NEAR, SHIB, and PI.

Weeks ago, the U.S. CFTC opened the gates for crypto perps with its first listing approval, but major derivatives player CME is fighting back against what it sees as a diversion from the law.

The Hong Kong Monetary Authority published a whitepaper on the quantum preparedness of Hong Kong’s banking industry and its first Quantum Preparedness Index.

It's a risk-off day. Still, bitcoin is holding better than Nasdaq and Asian equity markets.

Three users allege a fake Sparrow Wallet app on Apple’s App Store drained their Bitcoin holdings, with losses totaling more than $1.8 million. Apple is facing a lawsuit from three customers who say they lost a combined $1.8 million after downloading a fake Bitcoin wallet app from the App Store. The complaint, filed Friday in the US District Court for the Northern District of California, alleges Apple failed to adequately review and monitor apps despite promoting the App Store as a trusted marketplace, according to a copy of the filing obtained by MacRumors. The plaintiffs, James Ramirez, Christopher Ellis and Jalen Delgado, said they entered their seed phrases into the fraudulent app, allowing scammers to transfer their Bitcoin. They reported losses of about $875,000, $840,000 and $120,000, respectively, during 2025, according to the complaint. Read more

Bitcoin is nearly 50% below its record high, keeping traders divided over whether the worst of the bear market has passed.

Fundstrat’s Tom Lee believes the passage of the CLARITY Act in the United States will supercharge crypto.

Binance co-founder CZ backed crypto license passporting across ASEAN to simplify approvals, reduce compliance costs and encourage competition. Binance co-founder Changpeng “CZ” Zhao backed crypto license passporting across ASEAN, arguing that firms regulated in one market should be able to enter others through a simplified approval process rather than applying from scratch. Speaking Tuesday during the “One ASEAN, One Digital Economy” fireside chat at the ASEAN Tech Summit Manila 2026, Zhao backed an idea raised by FinTech Alliance PH founding chair Lito Villanueva for regulatory passporting or license portability. Zhao said regulators could still review applicants but should not require them to complete another full licensing application from scratch. A regional licensing framework could reduce compliance costs, encourage competition and make it easier for crypto and stablecoin services to operate across ASEAN’s fragmented regulatory markets. Member states regulate digital assets separately, creating multiple...

Roughly $80 billion left the space during the Tuesday morning crash.

The preliminary injunction allows Kalshi and Polymarket US to continue operating in Minnesota while the court considers their challenge to the state law. A US federal judge has temporarily blocked Minnesota from enforcing its new prediction market ban against CFTC-regulated platforms Kalshi and Polymarket US. According to a July 27 court order granting the plaintiffs’ motions for preliminary injunctions, US District Judge Katherine Menendez found that the plaintiffs were likely to succeed, at least in part, on claims that the Commodity Exchange Act preempts the Minnesota statute. The judge said several event contracts offered by the platforms appeared to qualify as swaps, giving the CFTC exclusive jurisdiction over transactions involving those contracts on designated contract markets.  Read more

Some traders dismissed the ambitious forecast, while others argued a five-figure ETH price is far from unrealistic.