Gate Research: Bank of Korea Establishes Virtual Asset Task Force | eToro Launches Tokenized U.S. Stocks on Ethereum

• Market Overview: On July 30, the crypto market traded sideways with BTC ranging between 117,800 and 118,200 USDT amid low volume. MACD showed early signs of bullish momentum. ETH showed relative strength, reclaiming the 3,800 USDT level. Altcoins saw mixed performance as sector rotation continued. The Fear & Greed Index rose to 74, reflecting optimistic sentiment without signs of overheating. U.S. equities pulled back slightly, with all major indexes closing in the red, pointing to a broadly neutral macro outlook.
• Trending Tokens: PUMP surged 16.42% as the platform continued its token buyback program using trading fee revenues, with cumulative buybacks exceeding $21.5 million, fueling short-term market enthusiasm. ZBCN rose 15.87% after Zebec announced its payment card product has integrated with its 15th blockchain, Octa.Space. The expansion of multi-chain use cases has driven the token's upward momentum. XDC climbed 11.37%, supported by a new exchange listing and a concurrent RWA-themed online campaign, advancing its enterprise adoption and attracting increased market attention.
• Alpha Insights: The Bank of Korea has established a virtual asset task force to address legislative developments around KRW-backed stablecoins. Official involvement aims to accelerate the creation of a regulatory framework and streamline compliance efforts. eToro announced the launch of tokenized U.S. equities on Ethereum, with 24/5 trading access—marking another step forward in the real-world asset (RWA) adoption trend. Linea-based DEX project Etherex revealed it will launch its native token, REX, on August 6. With liquidity infrastructure accelerating, the ecosystem continues to expand.

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