Users of MOACT, a rewards app operated by a wholly owned subsidiary of Kansai Electric Power, can now convert NORM loyalty points into JPYC on Polygon, according to a Thursday press release from wallet developer HashPort. The feature went live on July 30 and moves points earned through social-impact missions in the app into users’ own HashPort Wallets, where they can connect to DeFi platforms. Previously, MOACT points could only be redeemed for electronic gift certificates. JPYC, issued by JPYC Inc., is described as Japan’s first regulated yen-pegged stablecoin and can be redeemed one-for-one for yen under the country’s Payment Services Act. The rollout adds to a broader push to bring Japan’s loyalty-point economy onchain. HashPort previously enabled Diners Club point conversions into JPYC on June 1 and launched an in-store yen stablecoin payment pilot with KDDI at Lawson stores on July 13. Polygon said it now handles more JPYC volume than all other chains combined, while 84% of JPYC holders use HashPort Wallet.

Bitcoin briefly fell below $63,000 and hit its lowest level in nearly 10 days before rebounding around $62,700, but it still remains under a key resistance zone ahead of the Federal Open Market Committee meeting. Traders cited in the report kept a cautious view: resistance sits at $64,000 to $64,400, while liquidity is concentrated lower between $60,000 and $62,000. Analyst Killa said the structure stays range-bound and bearish unless BTC reclaims $65,700 and the weekly open, while Wulf said the real directional move may come after the Fed decision even though buyers have shown up around $62,700. The report also tied crypto price action to a broader cross-asset reset. US semiconductor and memory names stayed weak in late trading, the Philadelphia Semiconductor Index fell 4.49%, and selling spread through Micron, SK Hynix ADR, SanDisk, AMD and Corning. In Asia, South Korea’s KOSPI dropped 5.99% after an intraday slide of more than 12%, while Japan’s Nikkei 225 also declined. The piece said some global funds were rotating away from Korean semiconductor exposure and toward Hong Kong tech names and China’s domestic chip narrative, with ChangXin Memory Technology rising 12.66%. Investors are now watching the Fed decision, Chair Waller’s press conference, US GDP and core PCE data, the Bank of Japan meeting, and earnings from Microsoft, Meta, Apple, Amazon, Coinbase and Strategy.

The U.S. Senate has temporarily sidelined the Clarity Act while it works through other items, narrowing the near-term window for one of the crypto industry’s most closely watched market structure bills. Majority Leader John Thune is prioritizing government nominations and a Russia sanctions bill, while this week’s schedule is also constrained by time set aside for the funeral of late Senator Lindsey Graham. Under current Senate procedure, the Clarity bill may not reach the floor until next week, just before the August 8 recess. The delay comes as large financial firms continue to line up behind the legislation. BlackRock publicly backed the bill, with Samara Cohen calling it an important step toward an investor-first digital asset framework. Franklin Templeton also voiced support, and the report said Fidelity, Goldman Sachs CEO David Solomon, and Charles Schwab have recently expressed similar views. Policy analysts cited in the report have cut the odds of passage this year to 30%. Elsewhere in the roundup, X Money began rolling out to U.S. Premium and Premium+ subscribers. Hyperliquid said Trade.xyz is investigating the SKHYNIX perpetual contract spike incident, while South Korea is studying a rule that would cap single-stock leveraged exposure at 20% of an individual’s total financial investment products. The report also covered whale activity, market data, venture fundraising, and a series of crypto and AI industry developments.

Binance said it will remove eight spot trading pairs and halt trading for them at 11:00 Beijing time on July 31, 2026, according to an official announcement cited by BlockBeats on July 28. The pairs listed for removal are ERA/BNB, MAGIC/USDC, MASK/USDC, MOVE/TRY, MOVE/USDC, POL/BTC, STORJ/TRY, and SUSHI/USDC. Binance also said spot trading bot services tied to those pairs will end at the same time, and advised users to update or cancel their bot settings in advance. The exchange added that the delisting of these pairs will not affect the availability of the underlying tokens in spot trading, as users will still be able to trade the relevant assets through other available spot pairs.

Markets are heading into a packed week from July 27 to Aug. 2, with monetary policy decisions, major U.S. earnings, crypto distributions, token unlocks and a growing list of project shutdowns all landing within a few days of each other. The U.S. Federal Reserve is scheduled to release its FOMC rate decision at 02:00 on July 30, followed by a press conference by Fed Chair Waller at 02:30, while the Bank of England will announce its own decision, minutes and monetary policy report later the same day. On the crypto side, FTX said it will begin its fifth round of distributions on July 31, sending roughly $900 million to eligible claim holders under the reorganization plan, while eligible preferred shareholders are set to receive a second payment. Coinbase plans to suspend Across Protocol (ACX) trading on July 28. Polygon’s Ithaca hard fork is expected to go live on mainnet on July 29, and Binance said it will suspend POL deposits and withdrawals ahead of the upgrade. At the same time, several crypto platforms and products are winding down or closing. The list includes Tropykus, Dango, Odos, Pingu Exchange, YGG Play, Zero Network, Oxium, Exchange Art, Moonbeam-related bridge access, and SBI Crypto’s bitcoin mining pool. Users across these services have been asked to repay loans, close positions, bridge assets out, export keys, or withdraw funds before the stated deadlines.

Polymarket confirmed a third-party vendor compromise led to malicious code injection into its frontend, draining about $2.94M from at least 11 wallets. The platform removed the dependency, contained the incident, and promised full refunds. The breach is the 89th Q2 crypto security incident, a quarterly record.

Polygon said it will acquire Coinme and Sequence for more than $250 million, adding US licensing, retail crypto on-ramps, smart wallets and cross-chain payment tools to build a regulated payments stack.

Global crypto market cap fell 1.8% to $2.11T in 24h. BTC dropped 2.18% to $58,494; ETH down 1.39%. Polymarket Coin skyrocketed 351%, while Fear & Greed Index hit 11. Regulatory and institutional moves shape sentiment.