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Bitcoin and the UTXO profit/loss pressure index (UTXO Stress Score) have risen to 71.5, climbing back above the 70 threshold. This level suggests that most of the supply is in a loss state, and the market remains in a zone of high stress.
A year ago, when Bitcoin traded around $114,000, the index was at roughly 41, in the neutral range. Over the past 12 months, the index has spent nearly two-thirds of the time in the high or extreme stress zones, once reaching 100 during the market selloff in November 2025.

GRAM drops sharply to $1.29 on August 4, hitting its lowest level in three months after Telegram temporarily disappeared from Apple’s App Store.
The app was restored after about four hours, but the short-lived shock led traders to close positions and pushed selling pressure on the derivatives market to surge.
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Telegram is temporarily unavailable in 175 App Store regions that were checked.
GRAM fell to $1.29 before rebounding to $1.38.

Bitcoin has pulled in about 155,000 BTC, equivalent to 0.7% of the supply, into the cost-basis execution price range of $62,000–$65,000 after the recent correction. This is the largest capital-cost cluster in the market, while buying pressure is still absorbing the supply rather than panic-selling.
Supply remains active, but demand is weakening. Bitcoin closed July at around $62,900, up 7.3%, while spot trading volume fell to the lowest level since the end of 2023.

The Korea Exchange says individual investors are withdrawing quickly from the stock market as sharp volatility weakens sentiment. The share of trading by this group on the KOSPI has fallen to around 31.2% to 31.5% in July.
This level drops sharply compared with 48.1% in January, equivalent to around 16 to 17 percentage points over six months. When the index rebounds slightly, many investors take the opportunity to recoup their capital and leave the market, causing net outflows from the South Korean market to increase.

Sphere 3D has amended its stock offering program to sell shares at market price, allowing it to sell up to $10.3 million worth of stock to add working capital amid a severe cash shortfall.
If issued at the assumed rate of $2.35 per share, the company could issue approximately 4.38 million new shares, increasing the number of outstanding shares from 8.62 million to about 13 million, equivalent to a dilution level of approximately 50.9%.

Algorand (ALGO) draws whale attention as the price nears a breakout zone. The share held by large wallets reached 54% of the supply, while ALGO has moved back above the 20-day EMA line.
By August 4, ALGO trades at 0.08908 USD, slightly higher than the previously tracked 0.089 USD level. Derivatives data shows that long positions are in the lead.
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Whales control 54% of the ALGO supply on August 3.

Changpeng Zhao said that statistical data shows that storing cryptocurrency on exchanges may be safer than self-custody wallets. Data from Willy Woo records that self-custody wallets lost about 1.57 million BTC, while exchanges lost about 1.51 million BTC.
Zhao said that attack data on exchanges is easier to collect and often becomes news, while incidents of funds being lost or stolen from self-custody wallets are harder to track and may not be reported.

Coldcard and Jameson Lopp show that Bitcoin’s “don’t trust, verify” principle has limits when users find it difficult to fully verify all of the complex hardware and software.
Lopp, a Bitcoin security researcher and co-founder of Casa, believes that 99.9% of end users will still have to trust the hardware manufacturer, the software developers, and security experts. However, self-custody still has value if you don’t rely on a single device or piece of software.

Kalshi and CEO Tarek Mansour responded to a lawsuit from New York Attorney General Letitia James, in which the agency said the platform’s event contracts are illegal gambling activities and demanded at least $36 billion in damages.
In an interview with CNBC, Mansour said the lawsuit could be copied to apply directly to Nasdaq. He argued that Kalshi operates similarly to Nasdaq, charging a 1% trading fee rather than acting opposite users.

Tokenized U.S. Treasury bonds reached a market capitalization of $15.2 billion across 18 blockchains, according to Token Terminal data on August 4. Ethereum accounts for 43.2% of market share, followed by BNB Chain with 31.5%.
Stellar ranks third with 7.5%. Ethereum and BNB Chain together account for nearly three quarters of the total market capitalization of tokenized U.S. Treasury bonds.
Source: https://tintucbitcoin.com/trai-phieu-my-token-hoa-15-2-ty-usd/
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Solana’s double deflation proposal SGP-0002 has entered the support phase, with 27.19 million SOL backed, equivalent to 41.9% of the 43.27 million SOL needed to move on to the official governance voting.
SGP-0002 proposes increasing Solana’s annual deflation rate from 15% to 30%, thereby shortening the time to reach the final inflation level of 1.5% from about 5.7 years to about 2.8 years.
If approved, the proposal could reduce the amount of SOL issued by about 18.9 million tokens over six years. There is currently no information indicating that the proposal has reached the threshold to move to the governance voting stage.

Kenya’s National Examinations Council has recorded over 15 million academic records onto the Avalanche C-Chain, enabling online credential verification in near real time.
The system is expected to scale to around 35 million records, including junior high school, high school, college, and teacher training credentials.
Previously, verifying paper certificates could take anywhere from several weeks to several months and faced the risk of forgery. The project is being implemented by a local technology company on the LegitDoc platform. There are currently no further details on when the system expansion will be completed.

South Korea’s Ministry of Economy and Finance has completed the 2026 tax amendment bill, with no proposal to extend the postponement of the virtual property tax. If approved by the National Assembly, transaction gains exceeding 2.5 million won will be taxed at a 22% rate.
This policy is expected to take effect next year, with the first filing period in May 2028. The virtual property tax has been postponed three times. The opposition party has also proposed abolishing the policy, while the plan is facing strong backlash as the market declines.

Michael Saylor defended Strategy’s sale of 1,638 BTC, saying that the message “never sell Bitcoin” applies only to his personal Bitcoin holdings, not Strategy’s corporate treasury.
Strategy earned approximately 104.73 million USD from this transaction to pay preferred stock dividends and repurchase STRC shares.
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Strategy sold 1,638 BTC at an average price of 63,957 USD per BTC.
The proceeds were used to pay 52.4 million USD in preferred stock dividends and to repurchase 52.3 million USD worth of STRC shares.

Solana and the proposed SGP-0003 have entered the stage of soliciting support. If support is received from 15% of the active staked amount, the proposal will move on to a full governance vote.
If implemented, SGP-0003 could increase the amount of SOL burned per day from approximately 650 SOL, equivalent to 51,000 USD, to up to 9,000 SOL, equivalent to about 702,000 USD.
Source: https://tintucbitcoin.com/phi-solana-ung-ho-dot-9000-sol-ngay/

Solana increased the compute unit limit per block from 60 million to 100 million on July 29, equivalent to 66.7%, to expand parallel processing space and reduce the share of a popular account from 20% to 12%.
However, the compute unit limit that can be written to the same account in each block is still 12 million CU, and the account data growth limit is still 100 MB. Therefore, the bottleneck when processing popular accounts has not been fully resolved.

Morgan Stanley downgraded Circle Internet stock from “Neutral” to “Underweight” and cut its target price from $106 to $38, citing weaker long-term earnings prospects.
Circle shares fell by about 6% in the first trading session of the week, increasing the year-to-date decline to around 30%. Morgan Stanley forecasts slower growth in USDC and expects income from reserves to face pressure.
Analyst James Faucette reduced his USDC supply forecast for 2027 and 2028 by about 33% and 44%, respectively. He believes Circle could shift its focus toward transaction revenue, which has lower profit margins.

The trading volume of crypto assets fell to about $15 billion over the past week, the lowest level since the beginning of the year, down 70% from the January peak.
Kaiko’s data shows this downward momentum is across the entire market. There is currently no further detail on the cause or the distribution of volume by each exchange.
Source: https://tintucbitcoin.com/giao-dich-tien-so-giam-thap-nhat-nam/
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