A certain smart money closed short positions such as MU and SKHX, with a cumulative profit of over 2.727 million US dollars

[Upbit to Terminate AERGO Trading Support and Conduct HPP Swap on August 3] Upbit announced that it will terminate the AERGO/KRW and AERGO/BTC trading pairs on August 3, 2026, at 14:00 (UTC+8). After the termination of trading, Upbit will swap AERGO for HPP, with the specific swap time to be announced later.

[Upbit to Terminate Trading Support for Alpha Quark (AQT) on August 3, 2026] Upbit has announced that it will terminate support for the AQT/KRW and AQT/BTC trading pairs of Alpha Quark (AQT) at 14:00 (UTC+8) on August 3, 2026. All unfilled orders will be automatically canceled at that time. Upbit has decided to replace Alpha Quark (AQT) with House Party Protocol (HPP), and specific arrangements for the replacement will be announced separately after Alpha Quark (AQT) withdrawals are discontinued.

Analyst @ IT_Tech-PL pointed out that the difference in cumulative buying and selling volume of altcoins, excluding BTC and ETH, has fallen since hitting a five-year low in June. （CryptoQuant）

The Brazilian Central Bank has issued Resolution 580/2026, classifying companies providing virtual asset services and their leading groups as Category 3 institutions, subject to the same requirements as securities brokers, securities distributors, and foreign exchange brokers. Starting from January 1, 2027, relevant institutions will comply with prudent requirements such as risk management rules, capital requirements, and information disclosure policies. By June 30, 2028, VASP will be included in Division 4 regardless of its size and will not be able to enjoy the simplified compliance system of Division 5's low-risk institutions. （Bitcoin.com News）

According to U. Today, Jurrien Timmer, Global Macro Director at Fidelity, stated that Bitcoin is approaching the power law model support level of $58237, but the current macro environment lacks a bullish catalyst and the trend reversal is not yet clear. Jurrien Timmer pointed out that speculative funds are shifting from alternative value storage tools to the high flying technology sector. The power-law support line of Bitcoin served as a mathematical safety net in 2015, 2018, and 2022.