The Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived from the usage of these assets. The authority explained that three types of institutions will be allowed to exert these verifications. HKMA: Hong Kong to Verify Stablecoin Users Hong Kong is now gearing […]

Hong Kong to Vet Stablecoin Holders, Operations Over $8,000 to Be Scrutinized

The AIXBT agent on the Virtual Protocol platform has launched its major Indigo 
upgrade to deliver deeper market insights and more accurate trading signals. 
The Aixbt (AIXBT) agent—an on-chain signal tool running on the Virtual 
Protocol platform—has just received a…

Aixbt agent upgraded for sharper signals and whale tracking

The seed funding round, led by Bitfinex and Hack VC, will allow Stable to 
build the financial rails to facilitate the real-world usage of USDT, aiming 
to address the associated issues with its operation on other blockchains that 
are not designed around it. Stable Raises $28M to Build the Native USDT 
Blockchain Stable, a USDT-centric […]

Stable Secures $28M to Bring a Native USDT Blockchain to Life

Coinbase’s Bitcoin premium has dropped into negative territory for the first 
time since May. This development is bearish for the flagship crypto as it 
suggests that demand from the U.S. may be waning. Coinbase Bitcoin Premium In 
The Red CryptoQuant data shows that the Coinbase Bitcoin Premium Index is at 
-0.00254829, marking the first time it has been in the red since May 29, when 
it was at -0.01626105. This Index tracks the difference between the Bitcoin 
price on Coinbase and the Bitcoin price on Binance. It is also used to gauge 
the spot demand for BTC from institutional and retail investors in the U.S. 
Related Reading: Finance Author Warns Of Great Depression Style Crash, Is 
Bitcoin The Answer? As such, this development suggests that the demand for BTC 
among U.S. investors is currently low. This is significant considering that 
Bitcoin rallies to new highs have coincided with the Coinbase premium being in 
positive territory. This highlights how much demand from the U.S. contributes 
to BTC’s uptrend. In recent times, this demand has mainly come from the 
Bitcoin ETFs, with Coinbase acting as a custodian for eight out of the eleven 
spot BTC funds. Notably, the drop in the Coinbase Bitcoin premium coincides 
with the drop in the net inflows and increase in outflows from these funds. 
SoSo Value data shows that these funds recorded net outflows of $114.83 
million on July 31. Before now, they had also gone on a 3-day streak of 
consecutive net outflows between July 21 and 23. This indicates a wave of 
profit-taking among these investors, especially following the recent Bitcoin 
rally to a new all-time high (ATH) of $123,000. In an X post, CryptoQuant also 
confirmed this wave of profit-taking. The platform revealed that Bitcoin just 
saw its third major profit-taking wave of this bull run. Realized profits 
spiked to between $6 and $8 billion in late July, similar to March and 
December 2024 peaks. CryptoQuant added that it was new whales who led the 
selling above $120,000. New Investor Dominance Is Growing With Market In 
Stable Condition In a CryptoQuant on-chain analysis, analyst Axel revealed 
that new investor dominance is growing and that the market is still stable in 
this late Bitcoin bull cycle phase. He alluded to the demand and supply 
between new and old investors metric and noted that the peaks of 64% in March 
2024 and 72% in December 2024 coincided with local price maximums. Related 
Reading: Bitcoin Bull Market Is Over? Analyst Calls 50% Crash To $60,000 The 
analyst noted that during those periods, the influx of new liquidity into 
Bitcoin was exhausted, and old holders began actively taking profits. However, 
this time is different, as the current value of the demand and supply between 
new and old investors is 30%, which is only half of the overheated levels. 
Axel added that the trend is directed upward as the cumulative activity of 
young coins has been steadily growing since July 2024. The analyst remarked 
that this indicates that a notable layer of new buyers is entering the Bitcoin 
market. Meanwhile, pressure from the old holders is not yet critical. At the 
time of writing, the Bitcoin price is trading at around $115,550, down in the 
last 24 hours, according to data from CoinMarketCap. Featured image from 
Pixabay, chart from Tradingview.com

Coinbase Bitcoin Premium Just Turned Red For The First Time Since May — What This Means

Bitcoin completes its highest monthly close in history, while post-halving 
August traditionally produces double-digit percentage BTC price gains.

Bitcoin ends record month at $115K with BTC price set for 'vertical' August

IP, the native token of the Story Protocol, surged more than 100% in July, 
driven by rapid ecosystem growth, expanding real-world utility, and renewed 
investor interest in tokenized intellectual property infrastructure. According 
to data from crypto.news, Story (IP) was trading…