U.S. CFTC Acting Chairman: Enforcement Division Restructured, Refocused on Combating Fraud

This trader bought 3,128 $ETH ($5.95M) 6 months ago and is now sitting on a loss of over $3.87M(-40%). Today, he finally gave up, depositing all 3,128 $ETH into #Coinbase to sell at a loss.

According to Lookonchain’s monitoring, a trader purchased 3,128 ETH six months ago, and now holds an unrealized loss of over $3.87 million (a 40% drop). Today, he finally deposited all 3,128 ETH into Coinbase to sell at a loss.

South Korea’s stock market extended its decline today, with retail investors appearing to be in extreme panic. Retail investors on Daum, South Korea’s leading stock forum, are voicing widespread distress, with their main sentiments focused on “regret over buying the dip” and “criticism of inadequate regulation”. Separately, Yonhap News Agency reported that a public opinion survey released on the 27th shows South Korean President Lee Jae-myung’s approval rating has fallen for two consecutive weeks, staying around 40%. Research firm Realmeter analyzed: “The downward trend is likely to persist this week. Negative economic factors such as the stock market crash, coupled with public strong opposition to real estate issues—including the Bundang mortgage sales dispute and remarks on strengthening property taxes—as well as policy conflicts over leveraged ETFs and expanded investigative authority.”

According to Bitget's market data, WTI crude oil gained 5% intraday, trading at $83.25 per barrel.

Bank of New York Mellon (BNY), which oversees over $59 trillion in assets under custody and management, is set to launch a digital transfer agency business. The initiative will migrate fund transaction processing and holder records to blockchain while retaining the firm’s traditional transfer agency system. BNY’s transfer agency business currently services approximately $8.6 trillion in assets and 7.6 million accounts. Baillie Gifford will be the first to use this system for the UK’s first fully native regulated tokenized fund, with BlackRock and BNY subsidiary Dreyfus also expected to adopt it in upcoming funds.

K33 Research stated in a report that Bitcoin has stayed in a narrow consolidation range of $60,000 to $66,000 over the past week. In July, the average daily spot trading volume was only around $2.2 billion, CME’s open interest is near multi-year lows, and open interest in perpetual contracts has stalled at roughly 300,000 Bitcoin. Bitcoin’s trading volume in July hit its lowest level since November 2023.