Uzbekistan has established a special crypto mining zone across Karakalpakstan, introducing tax incentives, expanded power options, and a dedicated regulatory framework to attract licensed mining companies. Summary Uzbekistan has launched the Beshkala Mining Valley as a regulated crypto mining zone across Karakalpakstan Licensed miners can use grid power, renewable energy, and hydrogen while receiving tax…

In crypto news today (July 29), Bitcoin climbed +1% overnight, reclaiming $64,000 ahead of today’s FOMC meeting, in which a rate hike is rumored to be on the table. Liquidations have slowed from yesterday, sitting at just over $420M, down from $605M the day before, although the majority of those liquidations are still from long…

“As long as there is any bid from speculators, community members, or exchanges, the price will be >0,” Perplexity stated. Cardano’s ADA and Pi Network’s PI have both posted staggering losses over the past year and are among the worst-performing cryptocurrencies during the current bear market. Their deteriorating condition has stirred anxiety among industry…

Regulated Layer One, or RL1, began operations on July 28 as a Luxembourg-based European Cooperative Society owned by 10 financial institutions.  Summary Ten institutions launched RL1 as a Luxembourg cooperative for regulated tokenized markets and digital money. SWIAT’s production network processed more than 50 transactions worth over €700 million before RL1’s launch. NatWest is expected…

Morgan Stanley has launched Ethereum and Solana ETFs with a 0.14% fee, making them the cheapest ETH and SOL funds in the US. The investment banking giant has begun trading for the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL) on NYSE Arca on July 28. Both funds are priced…

Open interest in perpetual contracts tied to stocks, metals and oil has doubled since late May as major crypto exchanges expand beyond digital assets, CryptoQuant reported. Summary TradFi perpetual open interest has more than doubled to over $2 billion since late May. Binance, Bybit and Gate control about 70% of the emerging derivatives segment. Crypto…

Regional mediators are reportedly close to a proposal that could restart the US-Iran memorandum of understanding, although Tehran continues to deny seeking renewed talks with Washington. Summary Pakistan, Egypt and Qatar are reportedly pushing a plan to revive the US-Iran MoU. Iran and Oman have reportedly accepted a proposal addressing disputes over the Strait of…

Florida Rep. Mike Haridopolos has renewed his push for the CLARITY Act as Senate delays narrow the bill’s path to passage before the August recess. Summary Haridopolos warned that continued delays could push US crypto businesses and investment overseas. Senate leaders prioritized 74 federal nominees and a Russia sanctions bill over the CLARITY Act. The…

Anthropic says its AI concerns focus on misuse, including cyberattacks and biological threats, rather than banning open models. Crypto figures are warning that government control over what AI systems can know or discuss could create a dangerous precedent, after Erik Voorhees argued on X on July 28 that states should not decide what forms…