Updated: July 31, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Brazil’s crypto purchases surged 135% in H1 World Cup on-chain prediction volume reached $20 billion U.S. senators submitted a ClarityUpdated: July 31, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Brazil’s crypto purchases surged 135% in H1 World Cup on-chain prediction volume reached $20 billion U.S. senators submitted a Clarity
MEXC On-chain Daily Report:Bank of Korea Completes Live BIS Tokenized Payment Test
Updated: July 31, 2026, 09:30 (UTC+8) | Author: MEXC
Headlines
- Brazil’s crypto purchases surged 135% in H1
- World Cup on-chain prediction volume reached $20 billion
- U.S. senators submitted a Clarity Act ethics proposal
- Circle minted about 500 million USDC on Solana
- KSNET will integrate the Solana Pay network
Industry Updates
Fortitude Mining Invests $45 Million in Zcash Mining Infrastructure
According to Odaily, DCG-owned Fortitude Mining signed approximately $45 million in procurement agreements to acquire mining machines and expand its infrastructure in Nebraska. The investment comprises a $31.5 million mining-machine purchase commitment and two acquisitions totaling $13.9 million covering power contracts, land, buildings, and equipment. Its controlled data-center capacity has exceeded 60 megawatts in 2026. The company is also pursuing a merger with HeartSciences Inc., which would give it public-listing status if completed. In Q1 2026, Zcash generated 61% of Fortitude’s mining revenue, while Bitcoin’s share fell to 36%.
Bank of Korea Participates in BIS Global Tokenized Payment Project and Successfully Completes Live Transaction Test
According to Odaily, the Bank of Korea participated in a live transaction test under Project Agora, a global payment and settlement initiative led by the Bank for International Settlements, and successfully completed transactions using tokenized reserves. The test involved 28 central banks and private financial institutions, covered the South Korean won, U.S. dollar, euro, British pound, Swiss franc, and Japanese yen, and processed approximately CHF 800,000 across 17 scenarios. South Korean participants included KB Kookmin Bank, NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. The Bank of Korea said the project will add transaction types not covered in this round and continue conducting live transaction tests.
Crypto Protocol Revenue Reaches $7.42 Billion This Year, While Most Tokens Remain Disconnected From Fundamentals
According to Odaily, a Castle Labs report showed that crypto protocols have generated approximately $7.42 billion in cumulative revenue this year, although the prices of most associated tokens have not reflected protocol fundamentals. Six protocols, including Aave, Hyperliquid, Pump Fun, and Uniswap, generated about $726 million in combined revenue during H1 2026. However, after accounting for token issuance, unlocks, and incentives, net value inflows for some tokenholders turned negative. Hyperliquid has burned more than 47 million HYPE, while PUMP remains approximately 60% below its issuance price despite completing over $315 million in buybacks, demonstrating that protocol revenue does not necessarily translate into token value accrual.
South Korea Proposes Expanded Freezing Powers to Suspend Payments From Suspicious Crypto Accounts
According to Odaily, 15 South Korean lawmakers from the People Power Party, including Kim Sang-hoon, proposed an amendment to the Act on Reporting and Using Specified Financial Transaction Information on July 28. The amendment would authorize financial authorities to suspend payments from virtual-asset accounts suspected of facilitating illegal asset transfers. It defines an “account” as the unique identification number issued to a user by an exchange. When the Korea Financial Intelligence Unit identifies suspicious activity, it could order a 30-day payment suspension, extendable once. Institutions that fail to comply could face fines of up to KRW 100 million. If passed, the amendment would take effect six months after promulgation.
Uniswap Launches Beta Version of Launches to Aggregate Popular Token Offerings
According to Odaily, Uniswap launched the beta version of Launches, a dedicated tab within the Uniswap Web App for discovering popular token launches. Developers of issuance platforms such as Bankr, Pons, and Long have selected Uniswap as their trading infrastructure, allowing related projects to gain access to a unified discovery and distribution channel through Launches. The feature brings together projects issued across different platforms but traded through Uniswap. It may shorten the path for users to discover new assets while strengthening Uniswap’s connection between token issuance, liquidity provision, and on-chain trading.
CME Questions U.S. Classification of Perpetual Futures, Warning of Tax and Regulatory Uncertainty
According to Odaily, CME Group Chairman and CEO Terry Duffy said the approval of perpetual futures in the United States could expose traders to tax and regulatory uncertainty. Because long and short positions periodically exchange funding payments, the mechanism may satisfy the legal definition of a swap. However, the CFTC currently classifies the products as futures, and CME has filed a legal challenge. If treated as futures, certain institutional traders may qualify for the blended tax treatment under Section 1256 of the U.S. tax code. If ultimately classified as swaps, ordinary tax rules could apply, while the IRS has yet to issue dedicated guidance on their tax treatment.
Ethereum Foundation Advances Organizational Separation to Further Decentralize Its Ecosystem Role
According to Odaily, during Ethereum’s 11th year, the Ethereum Foundation completed several organizational changes, including leadership departures, layoffs, the introduction of new CROPS grants, and the separation of EthLabs, Ethereum Systems, and Ethereum Institutional into independent entities. The changes suggest that the Foundation is seeking to reduce the ecosystem’s dependence on a single organization and distribute responsibilities more broadly. On the technology and institutional-adoption fronts, Ethereum also introduced the Fusaka upgrade and attracted participation from Wall Street institutions including BlackRock and JPMorgan. Cumulative inflows into U.S. spot Ethereum ETFs have exceeded $11.23 billion.
Moonshot AI Converts Into a Joint-Stock Company, Drawing Attention to a Potential Hong Kong Listing
According to Odaily, public corporate records and crypto KOL Siwei Guaiguai disclosed that Moonshot AI has changed its registered name to Beijing Moonshot AI Technology Co., Ltd. and converted from a limited liability company into an unlisted joint-stock company. Yang Zhilin was appointed chairman and manager, while Zhang Zitong joined as a director and Song Sijia became the company’s finance officer. The market commonly views this type of corporate restructuring as a possible step toward an overseas listing. Earlier reports indicated that the company had sent investors a shareholder resolution concerning a Hong Kong listing and could complete an IPO within six months, although it has not announced a formal timetable.
Bonds Fail to Hedge the Recent Equity Decline, Pressuring the Traditional 40/60 Portfolio
According to Odaily, Bloomberg ETF analyst Eric Balchunas said AGG, TLT, and LQD have all declined since SPY retreated from its June high, meaning bonds have once again failed to hedge falling equities. The pattern resembles certain periods in 2022. Investors have long relied on the bond allocation in a 40/60 portfolio to diversify equity risk, which has also contributed to continued inflows into money-market mutual funds and buffer ETFs. Recent increases in crude oil prices have revived inflation concerns, placing simultaneous pressure on stocks and bonds. However, Balchunas does not believe bonds will permanently lose their ability to hedge equity risk.
MEXC Market Heatmap
Data source: Real-time MEXC market data before 09:30 (UTC+8). Figures are subject to change with market conditions.
Top 24H Gainers
Top 24H Trading Volume
Trending Meme Tokens
On-Chain Calendar
High-Risk Token Unlocks
- ZORA Protocol/USDT [07-31 03:30] unlocks 1.05m USDT, representing 3.71% of circulating supply, with short-term selling pressure warranting attention
Key Macro Events
- Jul 31, 11:00 — Japan | Bank of Japan | Interest-rate decision and quarterly outlook report [Policy signals could affect yen rate differentials and global capital flows]
- Jul 31, 14:45 — France | Statistics agency | Preliminary inflation data [Inflation changes could affect eurozone rate expectations and risk appetite]
- Jul 31, 15:55 — Germany | Statistics agency | Unemployment change and unemployment rate [Labor-market changes could affect economic expectations and euro-denominated capital flows]
- Jul 31, 17:00 — European Union | Statistics agency | Preliminary core and headline inflation [Inflation could affect ECB rate-cut expectations and the euro]
- Jul 31, 20:30 — United States | Statistics agency | Employment Cost Index [Wage pressures could affect inflation expectations and the U.S. interest-rate path]
- Jul 31, 22:00 — United States | University of Michigan | Final inflation expectations [Inflation expectations could transmit to Treasury yields and risk assets]
Security Alert
The U.S. Internal Revenue Service has warned crypto-asset holders that scammers are mailing forged tax letters designed to persuade recipients to register with a nonexistent “Digital Asset Compliance Portal,” scan QR codes, connect wallets, or make payments. Because the IRS may genuinely send notices concerning digital-asset taxation, these physical letters can appear especially convincing. Victims could disclose identity documents, tax information, or wallet permissions and suffer financial losses. Recipients should not scan QR codes, visit unfamiliar portals, call payment numbers included in suspicious letters, or disclose private keys or seed phrases. Any notice should instead be verified independently through contact information published on the official IRS website, with particular attention paid to domain spelling and payment instructions.
MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.
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