Daily Summary, July 29

📊 Crypto fund Abraxas Capital bet $800,000,000 on a market decline by shorting BTC, ETH, SOL, and HYPE with 5x–10x leverage.

🪙 With a full transition to a tokenized economy, Ethereum could reach $706,000, with an interim target of $60,000 — Bitmine analysts.

🇺🇸 Chinese mining giant Bitmain will launch its first production line in the U.S. and open a headquarters in Texas or Florida.

☠️ Another user lost $119,000 (1 wBTC) by signing a phishing transaction.

🇮🇳 Coinbase wants to acquire Indian exchange CoinDCX, which was recently hacked for $44,200,000.

🇦🇪 UAE’s RAKBANK has started offering crypto services to retail clients.

💳 Visa believes stablecoins won’t change U.S. retail but will transform cross-border payments in developing countries.

🔍 Google searches for stablecoins have reached an all-time high.

🪙 Blockchain project Qubic announced plans to capture 51% of Monero’s hashrate by August 2025.

🇩🇿 The Algerian government banned all crypto-related activities — violators face up to 1 year in prison and a $7,700 fine.