July 31 brought a dense mix of crypto, equity-market, and policy headlines. On the corporate side, Coinbase reported $1.22 billion in second-quarter revenue, down 14% from the prior quarter and below the $1.29 billion expected by the market, while Strategy posted an $8.2 billion quarterly loss tied mainly to unrealized losses on its Bitcoin holdings and said it held 843,775 BTC at the latest disclosure. In one of the day’s most closely watched cross-market stories, people familiar with the matter said Citadel had acquired most of the equity portfolio of Situational Awareness, the $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, after losses tied to AI-related trades. Elsewhere, Aave said it would retire 50 low-adoption reserves and wind down deployments on six chains, Uniswap launched a beta product for token launches, and ENS DAO proposed creating a full-time operating foundation. On the policy front, U.S. senators submitted a new compromise proposal tied to ethics provisions in the Clarity Act, while South Korea said it had completed a draft digital asset framework bill and is also considering rules that could cover AI agent payments and suspicious-account payment freezes.

Japanese gaming company Gumi, through its subsidiary gC Labs, is set to launch “SBI Crypto Fund I” on Aug. 1 together with SBI Financial Services, according to an official announcement cited by ChainCatcher. The fund will have a size of about 3 billion yen, or roughly $18.3 million, and a three-year term. It will use a private placement structure, with Daiwa Securities Group and several other institutions participating as investors. The fund is set to focus mainly on Bitcoin and major altcoins, while using a mix of staking, rebalancing, and hedging strategies. According to the announcement, the vehicle is designed to serve as a bridge between the crypto asset market and Japanese companies, while building a track record that could support the future development of financial products such as crypto ETFs. Japan has not yet approved crypto ETFs, and the fund’s launch is being viewed as an attempt to connect traditional finance with digital assets.