Gate Research: ETH Rallies Back to $1,900, Cardano Completes van Rossem Hard Fork

• Market Commentary: In the past 24 hours, the crypto market staged a modest recovery. BTC climbed back above $65,000, while ETH outperformed and solidly reclaimed $1,900. The Fear & Greed Index currently stands at 25 (Extreme Fear), with market sentiment remaining cautious. On the macro side, the three major U.S. indices closed slightly lower on July 20, indicating that external risk appetite has yet to fully recover.
• Top Tokens: Today’s biggest gainers were ON (+29.67%), ZEST (+24.50%), and NANO (+23.29%). ON was driven by the verifiable data and zero-knowledge infrastructure narrative, ZEST continued to benefit from BTCFi and Bitcoin lending momentum, while NANO, an established payment asset, saw a rebound from lower levels.
• Alpha Insights: Cardano completed the van Rossem hard fork, marking the first time on-chain governance has led protocol upgrades. Allbridge Core suspended operations due to an attack on its Solana stablecoin pool, putting cross-chain liquidity risk management back under scrutiny. Meanwhile, the Franklin Templeton Benji platform’s asset share on BNB Chain rose to 61.7%, signaling continued repositioning in the distribution of institutional-grade tokenized finance.

Discover more details today → Gate Research: ETH Rallies Back to $1,900, Cardano Completes van Rossem Hard Fork

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Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
July 21, 2026

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