BlackRock Bitcoin ETF net redemption of $60 million this week, customers net purchase of $20 million ETH

The US stock market opened lower, with the Dow Jones Industrial Average falling 429 points, the Nasdaq falling 48 points, and the S&P 500 index falling 0.18%.

Bernstein has lowered its target price for Circle from $190 to $140 and maintained a outperforming rating. Analyst Gautam Chhugani stated that the threat posed by the Open USD Alliance, supported by over 140 institutions such as Visa, Mastercard, and Stripe, to Circle is lower than market expectations. As of July 28th, the closing price of Circle was $64.32.

As perpetuals enter regulated markets, critics warn they import systemic risk. But the risk comes from venue design — leverage limits, margin rules, index construction, and default handling — not the contract itself, argues Chris Tyrer, President of Bullish Exchange.

According to The Block, Safe processed 130 million transactions in the second quarter, created over 63 million accounts, and stored 1 dollar out of every 48 dollars of global stablecoin supply in Safe. Safe's revenue for this quarter dropped to $1.98 million, lower than the $2.88 million in the first quarter. Consumer applications on World Chain and Polygon contribute the majority of transaction volume, with World App accounting for 52% and Polymarket accounting for 35.7%. The Safenet beta version launched by Safe has processed 456000 transaction checks and currently pledges 54.8 million SAFE tokens.

[White House and Treasury Department Deny Involvement in Clarity Act Amendment Proposal] According to journalist Eleanor Terrett, a group representing prosecutors submitted an amendment proposal to the White House, aiming to remove provisions in the Clarity Act that protect software developers from criminal prosecution. The White House and Treasury Department denied Senator Cortez Masto's claim that the proposal reflects their stance. Crypto Council Executive Director Patrick Witt stated that the proposal is far from the government's position, and the Treasury Department indicated that the wording of the relevant provisions originated from Washington lobbyists.