Prominent trader: If Bitcoin drops below $61,000, it will likely test the $54,000 level.

Early this morning, BSC ecosystem meme coin ASTEROID surged past $10 million in market capitalization just four hours after its launch. Per GMGN market data, as of press time, the token’s trading volume has topped $20.5 million. GMGN records show the token was deployed from the TST developer address. Earlier, CZ publicly stated that BNB Chain members used TST as an example for tutorial videos, and the team later “handled (deleted)” the private key of the address that created the TST token. This lingering uncertainty is likely the key factor driving ASTEROID’s rapid price rally.

According to South Korean media outlet Daum, South Korea’s stock market has seen heightened volatility recently, with investors’ risk appetite cooling sharply as funds flow back to safe-haven assets like bank deposits from equities. Driven by semiconductor sector corrections and stricter oversight of leveraged investments, idle funds in the South Korean stock market have exited rapidly, triggering a so-called "reverse capital migration" phenomenon. Data shows that as of the end of July, time deposit balances at South Korea’s five major banks (KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup) reached 973.49 trillion won, rising by 24.09 trillion won from the previous month, marking the largest monthly increase so far this year. Funds linked to the stock market have also contracted noticeably. Data from the Korea Financial Investment Association indicates that investor securities account deposits (idle funds earmarked for stock trading) hit an all-time high of 139.69 trillion won on June 4, but fell to 107.20 trillion won by July 28, a reduction of over 32 trillion won in less than two months. Margin loan balances, which represent the scale of leveraged market transactions, dropped to 33.19 trillion won in the same period, down roughly 4.5 trillion won from the 37.72 trillion won peak set on July 2, a decline of around 12%.

Bitcoin mining firm Bitdeer has released its weekly data. As of July 31, the company produced 271.3 BTC this week, sold an equivalent amount, resulting in zero net addition, with its pure BTC holdings remaining at zero (excluding customer deposits). Since February 20, Bitdeer has maintained zero Bitcoin holdings for 23 consecutive weeks.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $265.4 million yesterday. IBIT recorded a net outflow of $122.7 million, while FBTC posted a net outflow of $54.8 million. Meanwhile, Ethereum ETFs reported a net inflow of $9 million, with ETHB alone seeing a net inflow of $15.4 million.

OpenAI stated on July 31 that it has banned a batch of ChatGPT accounts linked to a Cambodian fraud network. The network uses ChatGPT to create fake identities, translate scam messages and produce promotional content, gaining victims' trust through methods like romantic connections or friendship, then inducing them to participate in fake cryptocurrency or gold investment projects. The relevant clues were initially provided by WhatsApp, and the involved individuals may be operating in the Poipet area of Banteay Meanchey Province, Cambodia. OpenAI has shared the relevant information with industry partners. The specific losses caused by the network are currently unclear, with some victims reportedly losing thousands of dollars. (IT Home)

According to PeckShield’s statistics, the crypto industry faced 30 major hacking incidents in July, with total losses exceeding $210 million, a 177.2% month-over-month increase from the $75.87 million in losses recorded in June. The attack on cold wallet Coldcard alone resulted in over $70 million in losses, marking it the third-costliest hacking incident of the year to date.