Crypto Markets & On-Chain Ecosystem Developments

According to The Block, Bitcoin has rebounded approximately 15% from July lows and is approaching the $68,000 resistance level on July 22. Bitfinex analysts note this level is near the average entry price of buyers over the past five months; investors with previous losses may exit upon returning to

US Senate Republican Leader John Thune stated on July 21 (local time) that the CLARITY Act, a US cryptocurrency regulatory bill, has a 'good chance' of passing the Senate, according to Politico reporter Jordain Carney's report on X. Thune emphasized passage depends on securing sufficient

According to John Thune, the U.S. Senate Republican leader, the Clarity Act—legislation regulating virtual assets—has a 'good chance' of passing the Senate, as stated on July 21. Thune emphasized, however, that Democratic support for advancing the bill remains critical and outcomes could shift

According to CoinDesk, Senate Democrats on July 22 expressed opposition to key details of the Clarity Act's moral clause, specifically disputing who should enforce restrictions on government officials' ties to the crypto industry. Democrats insist state attorneys general should hold enforcement

According to The Block, Solana and Hyperliquid ETFs have captured nearly 80% of non-Bitcoin and non-Ethereum ETF trading volume as of today, July 22. Solana's ETF holds $904 million in assets under management, while Hyperliquid's ETF, which launched just two months ago, has attracted $350 million in

According to The Block, the U.S. House Agriculture Committee's digital assets subcommittee held a hearing on Tuesday (July 22) to assess whether current laws and CFTC resources are sufficient to regulate the rapidly expanding sports betting

According to The Block, Movement Labs (MVMT), the core developer of Ethereum Layer 2 network Movement Network, filed for Chapter 11 bankruptcy protection in early July. Court filings from July 15 show assets between $100,000 and $500,000, with liabilities reaching up to $10 million and 299 listed

Bitcoin recovered to the $66,000 level on the 21st (US local time), reaching a one-month high of $66,100 during trading as bargain buying inflows strengthened the cryptocurrency. The rally came as the Asian semiconductor stock selloff that had pressured crypto markets the previous week eased, with t

According to The Block, the Digital Chamber (TDC) filed a lawsuit against Illinois on July 22, challenging the state's digital asset trading tax law signed last month as part of the 2027 budget. The law imposes a 0.2% tax on digital asset transactions starting January 1, 2027. In a 32-page

According to The Block, President Trump's new crypto ethics rule bans federal officials—including members of Congress, the president, and vice president—from issuing digital assets, with the Department of Justice serving as the primary enforcement agency rather than state attorneys

According to CoinDesk, on July 21, Bitcoin rallied to $66,100 intraday, marking its highest level in one month, gaining 1% daily and 5% weekly. Ethereum surged 3% to $1,922 in 24 hours and 8% over the week. XRP climbed 3% to $1.13, while Solana rose 2% to $78. U.S. spot Bitcoin ETFs saw inflows

According to OnchainLens, Multicoin Capital unstaked 1.96 million HYPE tokens worth approximately $120 million overnight on July 22 from three wallet addresses. The tokens had been staked roughly two months

Satsuma Technology shareholders voted 90.6% on July 21 to wind down the company and sell its 668 bitcoin holdings. The liquidation plan calls for disposing of bitcoin assets, settling liabilities, and distributing remaining proceeds to shareholders, with a London Stock Exchange delisting targeted ar

Bipartisan negotiations are underway in the US Senate on July 21 (local time) regarding ethics provisions in the Clarity Act, a digital asset regulation bill. The ethics provisions remain a primary hurdle in advancing the legislation, according to reports from Capitol Hill. Senator Cynthia Lummis's

According to Investegate RNS announcement on July 21, Satsuma shareholders voted 90.6% in favor of liquidating the London-listed bitcoin treasury company and selling its 668 bitcoin holdings. The company targets a delisting around September 14 and shareholder distributions by September 28. Satsuma

According to Eleanor Terrett, a CryptoInAmerica reporter, bipartisan negotiations on Capitol Hill on July 21 are deadlocked over the enforcement mechanism for the Clarity Act's ethics provisions. Negotiators are also discussing DeFi-related provisions, but ethics remains the primary hurdle. The

BonkDAO treasury was drained of approximately $20 million after a malicious governance proposal passed through Realms, the widely used Solana DAO governance platform. The attack exploited voter weight mechanics to authorize the movement of treasury assets. The incident represents a

A Wanchain bridge exploit drained 515 million NIGHT tokens worth approximately $13.2 million, causing Midnight's NIGHT token to fall roughly 30%. The incident stemmed from a signature reuse flaw affecting cross-chain bridge infrastructure. Wanchain paused the affected bridge route following the expl

Silicon Valley investor Tim Draper established venture capital firm Draper X Ventures in Busan-jin district, Busan in early this month, according to the VC industry on the 22nd. The firm is located in Tium, a shared office space for VCs and accelerators operated by the Busan Technology Startup

On July 22, ERA led cryptocurrency gains across major Korean exchanges in a 24-hour period ending at 8 a.m., surging 52.1% to 141 won on Upbit and 45.91% to 138 won on Bithumb, according to market data. TAIKO gained 31.76% to 195 won on Bithumb. Conversely, DEXE plummeted 80.84% to 9,810 won on Bith