The Bitcoin volatility index and the S&P 500 VIX index have demonstrated an unprecedented 90-day correlation, driven by increased involvement from institutional investors. coindesk

Merlin Chain (MERL) Announces Commemorative Airdrop Event for KRW Market

Bithumb has launched a commemorative airdrop event for the KRW trading market of Merlin Chain (MERL). More details are available at feed.bithumb.com.

#MERL #Bithumb #Listing

Merlin Chain (#MERL) has initiated a new airdrop for the Korean Won market. Further details are available at feed.bithumb.com. #Bithumb #Listing

Horizen completes Zen migration on Base. Details are available at theblock.com.

Bitcoin Holdings Shift as Institutional Investors Lead Market Trends

Since the start of 2023, retail investors have been steadily divesting their Bitcoin holdings, recent data shows. Conversely, institutional investors and large funds have exhibited consistent accumulation trends since early 2024. Search interest for "BTC" on Google remains subdued, indicating limited retail FOMO. Overall public engagement with Bitcoin appears muted at this time.

Quantum Solutions, an AI development firm, plans to allocate more than $500 million toward Bitcoin investments. coindeskjapan

The Federal Court of Australia has ruled that Finder's Earn product is not a financial instrument, overturning ASIC's appeal. cointelegraph

Bitzero raises $25 million to expand cryptocurrency mining operations. More details are available at theblock.com.

Solana Developers plan to increase the network's block limit by 66%, boosting capacity to 100 million computing units. theblock.com

Hong Kong to Enforce Stablecoin Regulations from August 1. The new law prohibits the promotion or offering of unlicensed stablecoins tied to fiat currencies to retail investors. source

JPMorgan reports that digital asset inflows have reached $60 billion since January. coindesk

Dbr Debridge has established a reserve fund dedicated to the redemption of its DBR token, financed entirely through protocol-generated income. More details are available at theblock.com.

Initial jobless claims in the United States fell to 217,000 last week, from 221,000 in the previous period.

A dormant Bitcoin wallet last active in 2011 moved 3,962 BTC earlier today, worth approximately $468 million. More details are available here.

Anchorage Digital Partners with Ethena Labs to Launch Stablecoin

BitMine has acquired more than $2 billion worth of ETH, totaling 566,776 Ethereum, as part of its ongoing treasury strategy.

USA July macro data showed the S&P Composite PMI at 54.6, up from 52.9, while the S&P Manufacturing PMI declined to 49.5 from 52.9. The S&P Services PMI increased to 55.2 from 52.9.

Franklin Templeton has integrated Benji with VeChain for enterprise payments.

NFT gaming company Gamesquare Holdings (GAME) has acquired a rare Cryptopunk, "Cowboy Ape" (No. 5577), from Compound founder Robert Leshner, in a deal valued at $55.15 million.

Tron Inc (formerly SRM) is now listed on Nasdaq, according to Zamanisten.

Messari reports that in the second quarter, Tron’s market capitalization increased by 17%, and revenue grew by 20.5% quarter-over-quarter to $915.9 million, marking the highest levels in several quarters. Ecosystem expansion was bolstered by partnerships with SRM Entertainment, Privy, Bridge (Stripe), Aeon Pay, and others.