Jul 20 Monday
The Ethereum treasury firm Bitmine added 7,430 ETH over the past week, bringing its total holdings to 5.78 million ETH. This represents nearly 5% of the network's circulating supply.
Bitcoin miners surged after Hut 8 and IREN secured multi-billion-dollar AI infrastructure contracts. The deals highlight the sector's pivot toward data centers and cloud computing.
CoinMarketCap's new weekly forecast covers the CLARITY Act's congressional vote, debate over Bitcoin's bottom, Michael Saylor's inactive week, and a World Cup on-chain event. The broadcast aims to provide timely market insights.
Bernstein raised its price target for Robinhood, citing the brokerage's blockchain strategy including tokenized equities and its Arbitrum-based Robinhood Chain. Analysts said these initiatives could reduce Robinhood's reliance on traditional crypto trading.
Kenya's government is investigating a cyberattack on President William Ruto's official website, where hackers briefly defaced the site and demanded 5 Bitcoin. Cabinet Secretary William Kabogo stated that the ICT Authority activated security protocols, temporarily restricting public access to the portal while forensic investigations are underway, with no evidence of data breach or loss.
Kalshi reported 3 million new users during the World Cup. Its championship-winner contract saw over $1.2 billion traded.
Dumpfun.io has announced a $1,000 prize competition on its Dumpflow platform. Participants, referred to as degenerates, are invited to compete for the prize.
AZ-COM Maruwa, a Japanese logistics firm, will use JPYC stablecoin to pay 2,300 business partners including truck drivers. The move aims to enable faster and fee-free transactions.
Beefy Finance has deployed its Concentrated Liquidity Manager (CLM) vaults on Ethereum Mainnet. The vaults automate concentrated liquidity positions to optimize yields and compound fees daily.
BloFin Futures has listed the $CASHCAT-USDT perpetual contract. The exchange offers 0% maker fees and 50% off taker fees for this trading pair.
The dashboard tracks active addresses, smart contract operations, fees, and real-world asset market cap by issuer. It provides real-time data for the Stellar network.
ZeroDev has launched on the Sei blockchain, introducing smart accounts and gas abstraction features. The integration also includes session keys to enhance the trading user experience.
Cardano's mainnet now operates on Protocol Version 11 following the van Rossem hard fork. The upgrade reduces smart contract execution costs.
Allbridge, a cross-chain bridge protocol, paused its Core protocol after a $1.65 million exploit on its Solana deployment. The team is investigating the incident and working on a recovery plan.
Node operators on peaq network must upgrade to version v0.0.112 to support a runtime upgrade. Docker image and WASM override are provided for the update.
Crypto.com secured $400 million in a fundraising round, leading the top 10 crypto fundraises last week. Alpaca raised $135 million and ADI Chain raised $50 million, among others.
Cetus has launched bonus rewards for liquidity providers in the USDsui-USDC pool. Participants can earn extra USDsui rewards from Sui Dollar's native yield in addition to existing pool incentives.
Quack AI has launched gasless stablecoin rails for AI agents, now live on 12 blockchains. The system has processed over 200,000 settlements in under one second.
The event ends on Jul 25, with rewards distributed on Aug 8. New users can earn 10 USDT, and futures traders can share 5,000 USDT.
Data from Coinglass shows total liquidations of $252 million across the crypto market in the past 24 hours, with long and short positions each accounting for $126 million. Bitcoin long liquidations were $28.22 million and short liquidations $46.30 million, while Ethereum long liquidations were $37.71 million and short liquidations $35.28 million.
Bitcoin encountered strong resistance at $65,000, with traders eyeing a potential breakout into bullish market structure. Meanwhile, stocks are experiencing a record institutional sell-off in the tech sector.
Since 2025, crypto venture capital remains subdued, but Coinbase Ventures, Animoca Brands, a16z crypto, and Tether have been actively investing, with Coinbase Ventures participating in about 33 deals. DeFi venture funding has declined for three consecutive quarters, with Q2 2026 deal count hitting the lowest since 2020.
Zhipu and MiniMax contracts saw high trading activity after recent price drops. Binance recorded the highest open interest at $1.79 million for Zhipu and $606,700 for MiniMax, while Bitget offered the best liquidity and lowest spreads.
Binance founder CZ stated that AI and Bitcoin serve different functions: AI boosts productivity, while Bitcoin protects against inflation. He emphasized that Bitcoin's fixed supply of 21 million coins makes it a scarce asset for long-term value storage.
IREN, a Bitcoin miner, raised its year-end AI cloud revenue target to over $4 billion after signing $2.8 billion in new contracts with AI developers. The company's stock jumped 16% following the announcement.
Base announced that the Cobalt upgrade will launch in September, featuring Sponsorship, Batch Calls, and Session Keys. Sponsorship allows apps to cover user gas fees, Batch Calls bundles multiple transactions into one, and Session Keys enable users to authorize apps for limited signing.
Infinity, an AI inference infrastructure startup, raised $15 million in funding from investors including Touring Capital and Principal VC, with participation from researchers at OpenAI and Anthropic. The company is developing a universal inference library to enable different AI chips to automatically replicate cutting-edge AI research and improve hardware performance through software optimization.
Coinbase CEO Brian Armstrong clarified that his personal X posts, profile-picture changes, and memes should not be interpreted as endorsements of tokens or projects. He stated that Coinbase and Base will support builders through accelerators, grants, and investments, but will not promote specific tokens or push for listings.
The US Dollar Index (DXY) surpassed the 101 mark. According to Gate exchange data, it rose 0.25% during the day.
Hut 8 signed a second 15-year AI data center lease worth $9.8 billion, fully commercializing its 1 GW Beacon Point campus in Texas. IREN secured $2.8 billion in new multi-year AI cloud contracts and raised its year-end 2026 annualized AI cloud revenue target to over $4 billion.
The Van Rossum hard fork upgraded Cardano to version 11 on Saturday. For the first time, the upgrade was approved by Cardano's community rather than the development company.
Cardano's mainnet executed the Van Rossem hard fork on July 18, upgrading protocol version to 11 to reduce smart contract costs and prepare for scaling. The upgrade was entirely proposed, discussed, and voted on through on-chain governance, with 78.97% delegate approval and over 93% of block-producing stake running the new node.
Falcon Finance has launched Falcon Card, enabling users to spend USDf for purchases. Users can mint USDf by depositing collateral like tokenized stocks and gold, or acquire it on secondary markets.
Solana's tokenized asset trading volume reached a record $5.8 billion in Q2, up 114% quarter-over-quarter, driven by institutional RWA demand. However, real economic revenue fell 43% to $51 million due to a meme coin downturn, while SOL ETPs saw net inflows of $120 million.
The bill establishes a legal framework for crypto activities, strengthens enforcement against illicit use, and supports authorized international transactions. Non-qualified investors may buy selected liquid cryptocurrencies after passing a test, with an annual limit of RUB 300,000 per intermediary.
Andrew Cuomo, who served as an advisor to OKX since 2023, has been promoted to the board of directors. OKX CEO Star stated that Cuomo's leadership experience will help build the world's most trusted digital asset exchange.
According to Coinglass data, if ETH falls below $1,770, the cumulative long liquidation intensity on major centralized exchanges could reach $839 million. Conversely, if ETH breaks above $1,953, the cumulative short liquidation intensity could reach $689 million.
Exodus is restructuring to build a full-stack payments platform after acquiring Monavate and Baanx. The company will cut 25% of its global workforce as part of this strategic shift.
Hut 8 signed a 15-year lease agreement worth approximately $9.8 billion with an investment-grade tenant for its Beacon Point AI data center campus in Texas. The deal adds 352 megawatts of Nvidia-based AI computing power, bringing total contracted capacity to 704 megawatts and fully commercializing the campus's 1-gigawatt power capacity.
Attackers borrowed $1.12 million via Solana lending protocol Kamino, manipulated Allbridge's pool pricing, and swapped assets at low prices before bridging funds to Ethereum. Allbridge has paused the Core protocol and urged affected liquidity providers to withdraw funds, while requesting arbitrageurs to return profits for compensation.
Peter Brandt, a trading analyst, stated that investing in Bitcoin now will yield better returns in two to three years than buying AI stocks at current prices. He also predicted the exact day the Bitcoin bear market will end.
The CLARITY Act, introduced by US Senator Cynthia Lummis, mandates that regulated digital asset intermediaries treat customer cash and digital assets as customer property, separate from company assets. The bill aims to prevent a repeat of the Celsius and Voyager bankruptcy disputes, where customer deposits were deemed company property, and clarifies the roles of the SEC and CFTC in crypto regulation.
Address 0xf29 increased its CXMT TWAP short order to 310,000 tokens, worth approximately $3.78 million if fully filled. The address has already opened a 1x short of 254,000 CXMT at $6.8123, valued at about $1.7 million, and combined with the TWAP order, the total value approaches the largest CXMT short position on Hyperliquid.
A whale address opened a 40x leveraged long position on 58.31 BTC, valued at approximately $3.77 million. The 3-day-old account has accumulated a profit of $72,100.
Daily roundup of key events impacting Bitcoin price, blockchain, DeFi, Web3, and crypto regulation. Stay informed on the latest trends and regulatory developments.
Tom Lee's Bitmine slowed its ether purchases last week, adding only 7,430 ETH worth about $14 million. The company is nearing its goal to acquire 5% of Ethereum's supply while buying back $86 million in stock.
AMD introduced its first rack-scale AI system, Helios, competing with Nvidia's Grace Blackwell and Vera Rubin. Microsoft, Meta, OpenAI, and Oracle plan to deploy Helios, with deliveries expected later this year.
Hyperliquid platform whales hold $5.547 billion in positions, with long positions at $2.701 billion (48.69%) and short positions at $2.847 billion (51.31%). A whale address 0x0ddf..02 opened a 3x full margin short on ETH at $1,700.06, currently showing an unrealized loss of $8.6567 million.
Elon Musk acquired APR Energy, a mobile power company, in a deal valued at approximately $1 billion. The acquisition may support xAI's expansion of computing infrastructure and reduce reliance on local power grids.
Strategy increased its cash reserves to $3.225 billion after selling MSTR shares. Investors are evaluating the value of its STRC preferred stock.
BitMine has staked 4.92 million ETH, about 85% of its holdings, and repurchased 5.5 million shares at $15.62 each. The company's total crypto, cash, and other investments reached $11.5 billion.
Strategy increased its cash reserves to $3.225 billion while keeping its bitcoin holdings unchanged for the second consecutive week. The firm used the raised capital to boost cash for paying dividends on its preferred stock.
The Sandbox has partnered with Anichess to offer exclusive chess-themed NFTs for Chess Day. Users can sign up until July 27, 2PM UTC to receive a chess board, pieces, and background.
MixMax has partnered with O2Ramp to improve crypto-fiat on-ramp and off-ramp transactions. The collaboration aims to enhance liquidity between digital and traditional currencies.
Chiliz burned 1,990,077 $SPAIN tokens worth $759,612 following Spain's World Cup victory. This is the largest tournament burn for the fan token.
MicroStrategy Chairman Michael Saylor published an essay arguing that Bitcoin Improvement Proposal 110 poses greater risks than the issues it aims to solve. He outlined 110 counterarguments against the proposal.
ONE Store has launched the mini-game '검투사 키우기' on its platform, featuring instant play, login, and payment integration. The company plans to introduce more Tencent titles in the future.
Orderly Network has launched perpetual futures markets for KAITO and SKY tokens. Traders can access up to 10x leverage on these new markets.
During the 2026 World Cup, about 28,000 AI agents on NeoSoul made 294,000 predictions with an overall accuracy of 82%. Among them, 1,111 agents achieved a perfect record with at least 10 predictions each.
Vietnam enacted Decree 284/2026/NĐ-CP on July 16, establishing administrative penalties for crypto-related violations, effective September 1. Individuals trading on unlicensed platforms face fines up to 50 million VND ($1,900), while unauthorized issuance and serious AML violations can result in fines up to 200 million VND ($7,700).
Hyperliquid will mandate a 500,000 HYPE stake (worth ~$30.4M) for permissionless prediction market deployment under HIP-4. The proposal aims to ensure deployer commitment and market integrity.
OranjeBTC completed a private stock repurchase of 3,926,667 OBTC3 shares at R$4.05 per share, with total transaction value of approximately R$15.9 million. The company holds 3,912 BTC, with Q3 gross BTC yield of 3.15% and year-to-date gross BTC yield of 16.39%.
Tether Gold (XAU₮) has been designated as a 'Qualified Spot Commodity' by the Abu Dhabi Global Market (ADGM). Licensed ADGM institutions can now offer XAU₮-related services to clients, subject to regulatory compliance.
Strive purchased 21 Bitcoin at an average price of approximately $63,221 between July 13 and 17, 2026, according to an 8-K filing with the SEC. As of July 17, the company holds 19,921 BTC, 505,000 shares of Strategy STRC preferred stock (fair value about $43.07 million), and approximately $157.4 million in cash.
Neo, an AI security startup, raised $100 million in a funding round led by Andreessen Horowitz and Bessemer Venture Partners. The company plans to use the funds to expand engineering and marketing teams and accelerate enterprise customer acquisition.
Strategy sold 2.73 million MSTR shares for $263.5 million in net proceeds between July 13 and July 19. The company made no bitcoin purchases, leaving its holdings at 843,775 BTC, and its U.S. dollar reserve increased to $3.225 billion.
Strategy reported no Bitcoin purchases last week. Its USD reserves increased by approximately $225 million to about $3.23 billion.
Bitcoin surpassed $65,000, currently trading at $65,000 on Gate exchange. The cryptocurrency recorded a 0.83% increase over the past 24 hours.
Gate has distributed cash dividends for 84 US stocks, including Alibaba, Intuit, and Thermo Fisher Scientific, to eligible users' spot accounts in USDT equivalent. The distribution covers sectors such as technology, semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, REITs, utilities, materials, and strategic ETFs.
According to Gate data, US stock index futures are rising, with Nasdaq 100 futures gaining over 1%, S&P 500 futures up 0.57%, and Dow futures up 0.43%.
A whale known as 'Set 10 Big Goals' stated on X that Bitcoin is at a阶段性 bottom and likely to start a new rally, having opened a long position of 69.4 BTC on March 18. The whale also warned of a potential large correction in AI-related US stocks over the next six months.
Gate Polymarket, the first centralized exchange to integrate Polymarket, has surpassed $622 million in cumulative trading volume as of July 16. The platform offers wallet-free, cross-chain-free, and gas-free trading, lowering barriers for users to participate in prediction markets using USDT.
A key indicator suggests a potential 'volmageddon' event for Bitcoin, signaling extreme volatility. The warning comes as traders brace for sharp price swings.
U.S. consumers are increasingly using cryptocurrency to purchase gray-market peptides after banks and card networks restricted payments. Chainalysis data shows vendors received about $32 million in crypto in Q1 2026, up 159% from the previous quarter, with some China-based suppliers accepting only bitcoin.
OKX announced that Andrew Cuomo, former New York Governor, has joined its board of directors. Cuomo will also co-chair the joint venture between OKX and NYSE parent ICE.