$PUMP REBOUNDS, CRYPTO EDGES LOWER, CHINA TESTING STABLECOINS

Crypto volatile amid weaker macro picture. BTC ETF outflows continue, ETH turns positive. Short term BTC holders dump $18b as whales buy. Liquid staking Activities are not securities: SEC. China testing out Yuan stablecoins. Brazil considers BTC reserve. Japan’s SBI files for various crypto ETFs. Michigan pension fund triples BTC ETF exposure. Sharplink bought $304m ETH last week. Metamask plans to launch stablecoin. Base briefly goes down due to sequencer failure. CZ seeks dismissal of $1.8b FTX lawsuit. Hyperliquid earned 35% of July blockchain revenue. BitBridge to go public as BTC treasury firm. BNB discloses new infrastructure roadmap. LTC leads alts, MEI Pharma launches $100m treasury. Pendle to allow speculation on crypto funding rates.