Crypto & forex expert with 7+ years experience, MSc in Info Systems, advisor at Iktifa, and content creator with 350K+ followers in the Arabic-speaking world.
Cardano’s $ADA climbed to $0.195, its highest level since July 4, while its market capitalization surged 24% over the past week, despite a continued decline in the number of holders, according to Santiment.
🇰🇷 South Korea’s KOSPI experienced one of the most dramatic intraday reversals in recent market history.
The index plunged more than 20% from Monday’s open, triggering circuit breakers and wiping out nearly ₩1.1 trillion in market value.
Within hours, KOSPI staged an impressive 25% rebound, swinging by almost ₩2 trillion in value. Despite the sharp recovery, the index remains around 5% lower on the day.
Crypto card spending reached a new all-time high of $705.5M in July, rising 12.2% from June and marking the fifth consecutive month of growth. 📈💳
While crypto markets remain range-bound, real-world adoption continues to accelerate as digital assets become an increasingly common choice for everyday payments—bridging on-chain liquidity with the global economy.
🚨 The U.S. Treasury has reportedly stepped into the FX market to support the Japanese yen for the first time in nearly three decades.
Following the yen’s plunge to its weakest level against the U.S. dollar since 1986, the Treasury is said to have sold euros and purchased yen through Goldman Sachs and Morgan Stanley, marking a rare coordinated intervention with Japan, according to the Financial Times. 🇺🇸🇯🇵
🚨 Tether is now the largest known private holder of gold outside central banks and sovereign nations.
The issuer of USDT added another 14 tons of gold in the last quarter, increasing its total reserves to 146 tons valued at approximately $18.8 billion, according to Bloomberg.
🚨 Over 360,000 South Korean margin trading accounts have reportedly been liquidated as the country faces one of the worst market crashes in its history.
📉 Nearly two-thirds of the wiped-out accounts belonged to investors under the age of 35, underscoring the heavy toll the ongoing market selloff is taking on younger traders.
📈 Strategy reports that $MSTR has achieved a 42% annualized return since adopting the Bitcoin standard, outperforming $BTC, the Magnificent 7, and the S&P 500 over the same period.
🇺🇸 The US dollar may face downside pressure if the Federal Reserve keeps interest rates unchanged this week. TD Securities believes markets are underestimating the possibility of a rate hike under Fed Chair Kevin Warsh.
South Korea’s KOSPI has plunged 11%, falling below the 6,000 level for the first time since April.
Meanwhile, Samsung Electronics and SK Hynix have each dropped more than 13%, wiping out nearly ₩600T ($400B) in market value in a single trading session.
📊 Bitcoin’s realized volatility remains near multi-year lows.
Bitcoin closed Q2 with a 1-year realized volatility of around 42%, remaining close to its lowest levels in years despite the recent price decline.
📉 The muted volatility suggests the pullback has been orderly rather than panic-driven.
⚠️ At the same time, prolonged low volatility can signal market complacency, increasing the likelihood of a significant price move once volatility begins to expand.
Crypto exchange BitMart has announced it will cease operations, joining the growing list of exchanges exiting the market.
Starting July 26, new account registrations, deposits, and trading orders have been suspended. All trading activities are scheduled to end on August 26.
📉 Following the announcement, BMX plunged approximately 63% in the last 24 hours.
🚨 DeFi hit by a wave of exploits, with over $35.5M stolen in just hours.
🔴 AFX Trade: $24.15M lost after its Arbitrum USDC bridge was exploited.
🔴 Verus: $7.55M drained through an Ethereum bridge vulnerability.
🔴 B² Network: $3.86M stolen after attackers compromised staking contract upgrade authority. Staking has been paused while security measures are completed.
🟥 Bearish bets against U.S. stocks have climbed to record highs.
📉 Short interest has reached 3.79% for the S&P 500 and 6.3% for the Russell 3000, marking the highest levels since S3 Partners began tracking the data in 2010.