The article discusses Bitcoin's third large-scale profit-taking in the current bullish market, with realized profits reaching $6-8 billion. It highlights the behavior of short- and long-term holders, noting significant whale activity and market trends that suggest a cooling period ahead before the next upward movement.

Visa has announced a significant expansion of its stablecoin payment platform by adding three new stablecoins and two blockchains. With this move, Visa now supports four stablecoins, enhancing payment flexibility and addressing regulatory clarity in the US market.

ナスダックのCEOが登壇
リップル社は7月31日、今年の「Ripple Swell（以下、Swell）」のイベントにナスダックのアデナ・フリードマン会長兼CEOが登壇することを発表した。
フリードマン氏は金融システムの未来、デジタル資産とブロックチェーンの可能性、トークン化と新興技術の進化する役割について話すと説明。2025年のSwellは11月4日から5日の日程で米ニューヨークで開催される。
Swellは暗号資産（仮想通貨）業界やXRPコミュニティらから大きな注目を集めるイベント。リップル社の顧客やチームのメンバー、業界のリーダーらが仮想通貨やブロックチェーンについて話し合い、相場へ

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MicroStrategy announced a record Q2 2025 net profit of $10 billion, driven by its substantial Bitcoin holdings. A new accounting standard allows unrealized gains to be included in net income, enhancing financial transparency.

The SEC announced "Project Crypto" to modernize securities regulations and facilitate the on-chain transition of U.S. financial markets. Led by Commissioner Hester Peirce, the initiative aims to provide clear guidelines for classifying cryptocurrencies and streamline regulatory structures, ensuring the U.S. remains a global leader in business and technology.

The essay discusses Japan's consideration of shifting cryptocurrency regulations from the fund payment law to the financial instruments and exchange act, reflecting both support and caution regarding investor protection. It highlights the growth of the global cryptocurrency market and concerns about domestic investor demographics. The role of self-regulatory organizations in monitoring and the complexity of regulatory design are emphasized, along with the need for effective regulations addressing the unique risks of cryptocurrencies.

The Bank of Korea has announced a reorganization aimed at strengthening its response to the cryptocurrency market, particularly with respect to won-denominated stablecoins. A new team will focus on monitoring and legislative discussions, while restructured technical teams will handle research and infrastructure for digital currencies. This move is in line with recent stablecoin issuance discussions and aims to enhance policy responsiveness amid growing interest in stablecoins in South Korea.

純利益も大幅増加
米暗号資産（仮想通貨）マイニング大手のMARA Holdings（以下、マラソン）は29日、2025年第2四半期（4～6月）の決算報告を行った。売上高が前年同期比64%増の2億3,850万ドル（約355億円）となり、過去最高の四半期売上高を達成している。
純利益は前年同期の1億9,970万ドル（約297億円）の損失から、8億820万ドル（約1,200億円）の収入へと大幅に増加した。
また、7月以降はビットコイン（BTC）保有数が5万BTCに到達し、転換社債発行により流動性が60億ドル（約8,900億円）を超えたとも報告している。
マラソンは保有するビットコインから利

The Ether Machine announced a purchase of about 15,000 ETH for $57 million, enhancing its total holdings to 334,757 ETH and enabling an additional $407 million in purchases. This initiative aligns with Ethereum's 10th anniversary and reflects the company's commitment to long-term asset management.

The company Environmental Friendly Holdings has announced the launch of a green coin mining business, utilizing solar power for Bitcoin mining during a waiting period for grid connection. The operation combines renewable energy with cryptocurrency, aiming for a competitive edge in clean energy while expanding into additional solar technology projects.

Robinhood reported a 32% increase in cryptocurrency trading volume, reaching $28 billion, in its Q2 2025 earnings. They introduced tokenized stocks and expanded customer deposits, signaling strong performance and growth in their services.

Bitcoin struggles to maintain its $120,000 level, with strong resistance despite ongoing buying pressure around $116,000. Continued institutional investment suggests potential for new highs, but short-term market fatigue is evident.

Cboe and NYSE Arca proposed a new comprehensive listing standard for cryptocurrency ETFs to the SEC, allowing certain ETFs to list without individual approvals, significantly shortening the approval process. This change could expand access and options for investors in the U.S. cryptocurrency ETF market.

Matt Hogan of Bitwise discusses in his 100th memo the potential of cryptocurrencies to improve existing financial systems despite their current imperfections. He argues for the future integration of crypto into various financial products as technology evolves and regulation improves.

大幅引き上げ
ロイターの報道によると、インドネシア財務省は30日、8月1日から仮想通貨取引の税率を大幅に引き上げることを発表した。
国内取引所での売却時税率は従来の0.1%から0.21%に、海外取引所では0.2%から1%へと5倍に増税される。東南アジアの経済大国として仮想通貨投資が急速に拡大する中、税収確保と海外流出抑制を狙った措置とみられる。
同国の仮想通貨市場は2024年に取引額が前年比3倍の650兆ルピア（約5.8兆円）に達した。利用者数も2,000万人を超え、株式市場の投資家数を上回る規模となっている。一方で買い手への付加価値税（VAT）は廃止され、マイニング事業のVAT税率は