Odaily News: Cryptocurrency payment card spending reached $705.5 million in July, up 12.2% from June, setting a new all-time high and marking the fifth consecutive month of growth. (Coin Bureau)

Odaily News Crypto analyst Killa posted on X, stating that as BTC enters a new monthly cycle, a relatively clear bearish narrative has formed in the market. Therefore, the likelihood of an upward reaction at the start of the month is relatively high. 

The analyst noted that BTC is currently still in a consolidation range and is near the bear market low. Two possible scenarios may follow: first, a further decline breaking below $57,000 to complete the final pullback; second, an upward breakout starting this month, continuing the range-bound trend. Personally, the analyst leans toward BTC seeing an upward reaction of about 2%–4% at the start of the month, but does not rule out the possibility of continued downside afterward.

Odaily News, P Equity Research posted on the X platform, stating that UBS expects global cloud service provider spending on DDR memory to reach $190.6 billion in 2026, growing to $448.9 billion in 2027, representing a year-over-year increase of approximately 135%. Additionally, UBS forecasts that overall memory spending will grow by about 127% in 2027.

Odaily News, Peter Andersen, founder of Andersen Capital Management, stated that as investors begin to reassess the returns on AI capital expenditures, future market gains may depend more on individual stock selection rather than simply allocating to the S&P 500 index.

He believes that the market's previous trading logic of "buying anything related to AI" is cooling down, and capital may shift toward previously overlooked sectors, including quantum computing, European defense, and equipment leasing industries.

Andersen stated that the AI investment trend is not over yet, but large tech companies need to prove that massive capital expenditures can translate into actual revenue and cash flow. He is also bullish on the long-term potential of quantum computing, believing this field could become the next direction of competition in computing technology.

Odaily News Agency reports that Trump has announced the cancellation of a strike on Iran, citing requests for a delay from Iran and other Middle Eastern countries. Earlier, sources said Saudi Crown Prince called Trump to express concerns. Military analyst and former U.S. Air Force Colonel Cedric Leighton believes both Saudi Arabia and Iran have ample reasons to avoid further escalation of regional conflict. Leighton pointed out that Saudi Arabia bears economic pressure due to disruptions in the Strait of Hormuz, and as a key Gulf ally of the U.S., its diplomatic mediation played a significant role in Trump's decision to postpone the strike.

He also noted that Iran is under pressure from the blockade of the strait and economic damage, and after five months of conflict, may also be buying time while striving to survive. "If there is indeed diplomatic pressure from Iran... I think this may reflect that Iran is trying to buy time," Leighton said. "They are indeed under considerable pressure, both economically and militarily. But at the same time, I am also aware that Iran is making every effort to survive," he added. (CNN)

1. Trump claims he received a request from Iran to delay an attack, agreeing to call off the strike in exchange for a deal;

2. Hitting an 8-month high, Bitcoin daily active addresses rise to nearly 1 million following the Coldcard hack;

3. South Korea's net stablecoin outflow reached $367 million in June, approaching net purchases of overseas stocks;

4. Iranian military: Trump's claim that Iran requested a halt to the attack is a "lie";

5. First pure storage ETF on U.S. stock market includes ChangXin Memory Technologies;

6. Goldman Sachs expects the Fed to hold rates steady in 2026;

7. SemiAnalysis founder plans to raise a $400 million venture capital fund;

8. LAB insider address recharged 5.8 million LAB to KuCoin after a three-week hiatus.

Odaily News: Domestic stablecoin funds in South Korea continue to flow to overseas exchanges. Data from the Financial Supervisory Service shows that in June 2026, the volume of stablecoins transferred from South Korea's top five crypto exchanges to overseas exchanges reached 2.7625 trillion KRW, while inflows amounted to 2.2022 trillion KRW, resulting in a net outflow of approximately 560.3 billion KRW (around $367 million).

Data indicates that from January 2025 to June 2026, net outflows of stablecoins to overseas exchanges have exceeded inflows for 18 consecutive months. In the second quarter of this year, South Korea's net stablecoin outflow reached 1.6872 trillion KRW, while during the same period, net selling of overseas stock investments totaled 1.6185 trillion KRW. Analysts believe that stablecoins flowing overseas are primarily used for cryptocurrency derivatives unavailable on domestic exchanges, spot and futures products related to Korean stocks, as well as services such as RWA and DeFi.

A South Korean lawmaker stated that capital outflows and high-leverage trading overseas have increased risks for investors, and the government needs to strengthen related regulations and protective measures. (Yonhap)

Odaily News, US Secretary of State Marco Rubio said in an interview with Fox News that, as a result of Washington's military strikes, Iran is now more willing to negotiate on issues including its nuclear program and the Strait of Hormuz. Rubio reiterated that the US strikes destroyed Iran's navy, air force, missile defense systems, launch devices, and weapons production facilities, and "severely weakened" its defensive capabilities. "They still have missiles and drones, and they can still cause damage," Rubio said. But he claimed that Iran no longer possesses "the conventional shield they once intended to hide behind." "This has changed the entire landscape. That is the only reason they are now willing—and in some cases even seem eager—to reach an agreement on denuclearization and an agreement on the Strait. Because we are now dealing with them from a position of strength, not weakness," he said. (Jin Shi)

According to Odaily, monitoring by Julio Moreno shows that following the Coldcard hack, Bitcoin's daily active addresses increased from 645,000 on July 30 to nearly 1 million on July 31, reaching the highest single-day level since December 10, 2024. The growth was primarily driven by an increase in active sending addresses, while the rise in active receiving addresses was relatively smaller.

Odaily News: Iran's Mehr News Agency quoted Iranian military officials on the 2nd as saying that U.S. President Trump's claim that Iran asked to stop attacks is "a new lie." (Xinhua)

Odaily News, Galaxy Research Head Alex Thorn posted on X platform, stating that the attack targeting wallet addresses with weak random numbers generated by Coldcard is still ongoing. Users who still hold funds in Coldcard single-signature wallets should immediately migrate to secure addresses. New victim addresses and attacker addresses are continuously being added to the investigation database, and Galaxy Research plans to release updated statistics on the number of affected addresses.

He noted that the previously identified waves 1, 2, and 3 of the attack exhibit clear programmatic characteristics, and the stolen BTC currently remains in the attacker's addresses without any transfers. However, in recent times, smaller-scale attackers have begun exploiting the vulnerability to steal funds and move them through peeling chains, cross-chain services, and other methods. It is certain that single-signature wallet addresses generated by Coldcard after the March 2021 firmware upgrade are all potentially at risk, and users should migrate funds as soon as possible.

Previously reported, Galaxy Research has disclosed that the Coldcard vulnerability attack has affected approximately 1,367.05 BTC (approximately $88.6 million), involving around 4,585 addresses.