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Hyperliquid (HYPE) said on its Telegram channel it plans to expand HIP-4 prediction market creation rights to general users through a future network upgrade. The feature will first be tested on the testnet before being rolled out to the mainnet. Creators will be able to open markets based on templates set through validator voting, and creating a market will require staking 500,000 HYPE. Staked tokens may be slashed following a validator vote if a market is designed ambiguously, settled differently from the template standards, or left unresolved for more than one week despite requiring settlement. The details may still change as feedback is collected.

Aurora, a NEAR-based EVM scalability network, has completed its recovery and is now processing transactions normally, according to Onchain Lens. Earlier, Onchain Lens said Aurora’s mainnet had gone down today at 2:16 a.m. UTC.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the Volume Heatmap, while the lower section shows cumulative volume delta, or CVD. - The upper Volume Heatmap tracks trading volume at each price range, and the background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance levels. - The lower cumulative volume delta indicator reflects buy and sell orders by order size, and the line in each color rises as buy orders increase in that category. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Avery Ching, CEO of Aptos Labs, said the CLARITY Act under discussion in the U.S. Congress could become a catalyst for financial institutions and companies to enter the digital asset market. Speaking on the YouTube channel '3PROTV,' Ching analyzed how the introduction of digital asset regulation in the U.S. could affect financial markets. Ching added the GENIUS Act and the CLARITY Act would serve as the two main pillars supporting the growth of the digital asset industry and become its most important legal foundation. Over the next five years, Ching said the biggest changes in financial markets would be asset digitization and the spread of AI technology. Ching said an era is coming in which U.S. Treasuries, money market funds, stocks and other assets are traded more conveniently as digital assets through blockchain technology. Separately, Aptos (APT) recently joined as a core blockchain partner for OpenUSD (OUSD), a next-generation stablecoin.

An anonymous whale address ended a five-year dormant period and transferred a total of 700 BTC ($45.3 million) to two new addresses, according to Onchain Lens, which shared the update on X. Of that amount, 2.319 BTC was moved to an address beginning with bc1qqq, while 697.68 BTC was transferred to an address beginning with bc1q7r.

Pudgy Penguins (PENGU) has launched Pudgy Penguins plush toys at Target stores across the U.S., Cointelegraph reported. The rollout marks the project’s biggest push into the offline retail market.

Hong Kong dollar (HKD)-based stablecoin HKDAP is expected to launch later this month, BlockBeats reported, citing a local media outlet. According to the report, Anchorpoint Fintech, led by Standard Chartered Hong Kong, plans to jointly announce the launch of the Hong Kong dollar-pegged stablecoin by the end of July, potentially within the next two weeks. Anchorpoint Fintech is one of two issuers to receive the first stablecoin issuance licenses approved by the Hong Kong Monetary Authority (HKMA) in April.

An analysis of 52 cases involving digital assets used in violations of South Korea’s Foreign Exchange Transactions Act found that the total scale of the crimes reached about 3.1 trillion won ($2.2 billion), excluding acquittals, Digital Asset reported. According to the outlet, 17 of the 52 cases involved digital assets being used to mediate exchanges between the Chinese yuan and the South Korean won, the largest category. Illegal remittance cases involving Vietnam ranked second with 13 cases, while seven cases each were tied to the Philippines and casinos, and to swap crimes targeting the kimchi premium. Four other cases involved gift certificates, duty-free goods and so-called suitcase traders, while others included XRP exchange and small-sum overseas remittance cases. Of 95 defendants in total, including 93 individuals and two corporations, only one was ultimately acquitted. Among the 94 convicted defendants, 46, or 48.9%, received suspended prison terms, 28, or 29.7%, were fined, 19, or 20.2%, received prison sentences, and one, or 1.0%, received a suspended sentence for a fine.

Coinbase CEO Brian Armstrong said on X that BTC price moves in line with inflation concerns. He said the hash power or energy devoted to mining does not determine BTC price, and even if miners exit, network difficulty adjusts to keep block production at the same pace. Over the long term, Armstrong said, BTC price is closer to an indicator of how much people worry about inflation, adding those concerns are unlikely to fade easily as fiscal deficits persist across democratic countries. Earlier, former Facebook executive Chamath Palihapitiya had argued that energy used for Bitcoin mining is shifting to AI as AI investment expands.

Binance announced it will end support for the Moonriver (MOVR) and Moonbeam (GLMR) legacy mainnets and migrate the tokens to the Base network. According to the announcement, deposits and withdrawals of MOVR and GLMR via the Moonriver and Moonbeam mainnets will be suspended starting at 11:00 a.m. UTC on July 21. After the migration is completed, deposits and withdrawals through the Moonriver and Moonbeam mainnets will no longer be supported.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $20.88 million liquidated (63.02% shorts) - ETH: $27.29 million liquidated (52.94% shorts) - BANK: $13.19 million liquidated (74.87% shorts)

Aurora, an EVM scalability network based on NEAR, has been down since 2:16 a.m. UTC on July 20, according to Onchain Lens.

South Korea’s financial authorities are set to hold a policy meeting with the ruling Democratic Party at the National Assembly Members’ Office Building at 2:00 a.m. UTC today to explain the government’s draft Basic Digital Asset Act, Chosun Biz reported. Attending from the authorities will be Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Governor Lee Chan-jin, while lawmakers from the Democratic Party’s National Policy Committee will also take part. According to the outlet, the bill’s two main issues are whether to require a bank-led consortium for won-based stablecoins and whether to cap major shareholders’ stakes in exchanges. An official at a ruling-party lawmaker’s office on the National Assembly’s Political Affairs Committee said some compromise proposals appear to be emerging on existing issues, adding the government draft would likely need to be released by around early August at the latest for the legislation to pass within the year.

South Korea’s Korea Exchange triggered a sell-side sidecar after the KOSPI fell more than 5%.

Ethereum founder Vitalik Buterin deserves a "crypto hero" award, Galaxy Digital CEO Mike Novogratz said, according to CoinMarketCap. Novogratz added Buterin’s reduced recent activity has hurt the Ethereum ecosystem.

South Korean exchange Upbit announced it will temporarily suspend PROS deposits and withdrawals at 3:00 a.m. UTC on July 26 due to a hard fork of Pharos (PROS).

Strike founder and Twenty One Capital CEO Jack Mallers said Bitcoin will succeed not by attracting speculative capital, but by replacing savings and becoming money, arguing it would remain resilient even if speculative demand and mining power fade. Mallers made the remarks on X in response to former Facebook executive Chamath Palihapitiya, who described BTC weakness as a structural issue, saying liquidity is moving to prediction markets and equities and that mining power could earn 10 to 20 times more if redirected to AI. Mallers said new money flowing into prediction markets, meme coins and AI was never sustainable demand for BTC in the first place. Reproducing his verbatim English phrasing, he said, "BTC is not successful because it attracts speculative capital. It succeeds by replacing savings and becoming money." Mallers added that Bitcoin creator Satoshi Nakamoto designed the protocol to adapt automatically even if power conditions change, with difficulty adjusting when the hash rate shifts so BTC continues producing blocks. He added, "We need BTC much more than BTC needs us," and said BTC will keep producing blocks long after speculative manias and tech bubbles fade.

On-chain analyst Darkfost said more than $2.3 billion in stablecoins has flowed out of Binance and Bybit over the past 30 days, tightening liquidity for BTC. Darkfost said $1.55 billion left Binance and $786 million exited Bybit, adding exchange stablecoin reserves have seen outflows consistently outpace inflows this year. Darkfost said the lack of fresh capital appears to be a key reason BTC has remained stuck in a prolonged range, with insufficient liquidity to support a further rise.

Cross-chain bridge protocol Allbridge suffered a hack worth about $1.65 million, cryptocurrency analyst Hupzy said. The stolen funds have already been bridged from Solana (SOL) to Ethereum (ETH). Hupzy advised users holding assets through Allbridge to check whether they were affected.

Grayscale said Bitcoin holders could generate an annualized return of around 22% through a covered call strategy if BTC remains range-bound. The strategy involves holding spot Bitcoin while selling call options to collect option premiums. Zach Pandl, Grayscale’s head of research, said if Bitcoin enters a sideways phase rather than rebounding immediately after forming a bottom, a covered call strategy could help partly mitigate spot-price volatility risk. Assuming a BTC spot price of $65,000 and implied volatility of 40% at the end of next year, the strategy could deliver an annualized return of about 22%, Pandl said. He added the strategy would remain profitable above roughly $58,500 and could outperform a simple spot holding until BTC reaches about $72,500 at the option’s expiration.

The U.S. Central Command said on X it launched a new round of airstrikes on Iran as of 11:00 p.m. UTC on July 19, marking the ninth straight day of strikes. The command said Iran’s military capabilities targeting commercial vessels and civilian sailors transiting the Strait of Hormuz would continue to be degraded.

The People’s Bank of China said it kept the loan prime rate, or LPR, which is effectively treated as the country’s benchmark interest rate, unchanged. The one-year LPR, the benchmark for general loans, was maintained at 3.0%, while the five-year LPR, which serves as the reference rate for mortgages, was kept at 3.5%.

Ethereum co-founder Vitalik Buterin said via his Farcaster account he built an anonymous message board demo on Ethereum layer-two Aztec (AZTEC). Users can post anonymously, while spam and illegal content are filtered out. Buterin said he used vibe coding based on an idea from a 2022 blog post and added, "2022년 블로그에 올린 아이디어를 바탕으로 바이브 코딩했다. 아직 초기 단계지만 제법 흥미로운 걸 해볼 수 있다" He also posted the code on GitHub.

South Korea’s financial authorities are reviewing the introduction of payment suspensions on digital asset accounts and a rewards program for reporting unfair trading in the digital asset market, Digital Asset reported. The authorities said today they plan to consider adding to a second-stage digital asset law measures modeled on the capital market framework, including account and bank account payment freezes to prevent the concealment of illicit gains and a reporting and bounty system to detect unfair trading at an early stage.

President Donald Trump said the U.S. is heavily bombing Iran to avenge three U.S. troops killed in the Middle East, telling reporters after arriving at Joint Base Andrews on July 19 that Iran has suffered extremely severe damage and has nearly lost its military capabilities. Trump said Iran still has missiles, drones and some production capacity left, but not much. Trump also said U.S. forces control the Strait of Hormuz and Iran no longer controls anything. U.S. airstrikes on Iran have continued for a ninth straight day.