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🗣IntoTheBlock: Retail Investor Interest in Bitcoin Returns

IntoTheBlock reports a rise in new active Bitcoin addresses, signaling renewed interest from retail investors. This suggests market stabilization and potential growth. With key support at $54,000, Bitcoin is expected to trade between $56,000 and $70,000, while volatility continues to decrease.

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🗣U.S. Legal Experts Criticize Trump's Bitcoin Reserve Plan

Legal experts in the U.S. have criticized Donald Trump’s proposal to create a national Bitcoin reserve from seized crypto assets. Former federal prosecutor Amanda Wick voiced concerns about prioritizing Bitcoin accumulation over compensating victims of cybercrime.

Elizabeth Boison, also a former prosecutor, argued that the plan contradicts asset forfeiture laws, which require seized assets to be sold and proceeds used for victim compensation or law enforcement support. Critics suggest Trump's stance on Bitcoin may be a tactic to attract votes from those dissatisfied with the current administration.

🗣Binance Lists TON for Spot Trading

Binance, the world’s largest crypto exchange, announced the listing of The Open Network (TON) for spot trading. Following the news, TON’s price surged over 6%, surpassing $6.

Trading pairs TON/BTC, TON/USDT, and TON/FDUSD will be available starting August 8, with withdrawals opening on August 9. TON, now ranked 8th by market cap at over $16 billion, has been tagged as a “Seed” asset, indicating higher volatility due to its early development stage.