26-year-old Hong Kong trader embezzled HK$50 million to heavily speculate on SK Hynix ETF, suffered a massive loss of HK$150 million with 2x leverage, and was arrested.

Following MicroStrategy's official sale of 3,588 BTC on July 6 to pay dividends on its digital credit securities, the firm has not added to its Bitcoin holdings for three consecutive weeks. However, over the same period, its U.S. dollar reserves have increased by $1.2 billion via activities including the sale of MSTR stock, bringing the company's current U.S. dollar reserves to $3.75 billion.

Bitcoin mining pool and crypto financial platform EMCD announced on July 27 the launch of its "Miner Support Program", which will provide up to $30 million in support to eligible miners, including financing, fee waivers, and preferential offers for hardware and infrastructure partnerships. The launch comes as the Bitcoin mining industry faces severe profitability pressure following the Bitcoin halving. According to CoinShares' Q1 2026 data, Bitcoin's hash price has dropped to approximately $28 per PH per day, a 50% decline from its October 2025 peak and the lowest level since the halving. Data from Hashrate Index shows that around 252 EH/s of computing power has exited the market due to declining profitability, with a large number of outdated mining rigs forced to shut down due to excessive operating costs. Meanwhile, three consecutive negative mining difficulty adjustments — the first such occurrence since July 2022 — signal the industry is undergoing a massive shakeout. EMCD stated that the support program will provide solutions tailored to the actual operational needs of mining companies, including offering collateralized liquidity support at an annual rate of 3.9% to miners facing financial pressure to help cover their operating costs; it will also launch a 60-day waiver of mining pool fees to reduce mining expenses. In addition, EMCD will offer discounts on Vnish firmware to miners using outdated or inefficient mining rigs, and provide equipment procurement and data center service support for miners looking to expand or migrate their computing power via its partner network. Founded in 2017, EMCD currently operates a Bitcoin mining pool covering over 120 markets, manages more than 30 EH/s of computing power, and ranks among the top 10 Bitcoin mining pools globally.

Tether announced that its gold-backed digital asset XAUT has obtained Shariah compliance certification from Amanah Advisors, providing a compliant digital gold investment channel for global Muslim users, Islamic banks, and institutional investors. Tether stated that the certification confirms XAUT aligns with core principles of Islamic finance, enabling users to hold physical gold digitally via blockchain infrastructure. Each XAUT token represents direct ownership of physical gold stored in Swiss vaults, with no interest (riba), leverage, or speculative derivatives included in its structure. Amanah Advisors verified that XAUT issuer TG Commodities, S.A. de C.V. meets Islamic finance requirements, including: actual ownership of physical gold; transparent and verifiable asset reserves; no interest mechanism; no leverage or speculative derivatives; and a transparent reserve structure. Tether noted that gold has long played a key role in the Islamic financial system, and XAUT aims to bridge traditional gold value with blockchain technology to enhance global accessibility of digital gold. The certification is expected to drive XAUT adoption in Gulf Cooperation Council (GCC) countries, South Asia, parts of Africa, and global Islamic financial hubs, including digital gold services from Islamic banks, Shariah-compliant savings products, asset preservation solutions, and institutional-grade gold allocations.

Strategy did not increase its Bitcoin holdings last week, with its U.S. dollar reserves rising to $3.75 billion, an increase of $525 million.

Two new wallets have withdrawn 6,765 $BTC ($441.34M) from #Binance 40 mins ago.

According to disclosed documents, Strategy has completed a $25 million STRC share repurchase program. The filings show that the repurchase of STRC shares is part of the company’s efforts to further adjust its capital structure and boost shareholder value. STRC is one of a series of preferred stock products launched by Strategy, designed to provide funding for the company’s financing needs and support its Bitcoin strategy. Strategy did not increase its Bitcoin holdings last week, while its U.S. dollar reserves rose to $3.75 billion, an increase of $525 million.