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A total of 9,030 BTC worth $589 million was withdrawn from Binance over the past 24 hours, marking the exchange’s largest daily Bitcoin outflow in the past five months, according to an analysis by on-chain research firm Ruga Research. Ruga Research added BTC’s 30-day momentum indicator had recovered from -21% to 0%, and over the past year, Bitcoin’s price repeatedly moved higher after similar patterns emerged. The firm said the latest large-scale BTC outflow is notable because it occurred during a momentum recovery phase rather than after a sharp price surge, calling it a signal market participants should watch.

A joint proof-of-concept for a won-denominated stablecoin involving the Credit Finance Association and nine card companies, including Samsung, Shinhan, KB Kookmin, Hyundai, Lotte, Hana, Woori, BC and NH NongHyup Card, was completed on July 22, NewsPim reported. The test focused on whether payment approvals, settlements and transaction cancellations would operate normally when a won stablecoin on a testnet was linked to the existing card payment network, according to the report. A Credit Finance Association official said the PoC confirmed it is technically possible to support a range of payment methods by linking won stablecoin settlement functions to the existing card payment network.

The U.S. Department of Justice is pursuing forfeiture proceedings for more than $25 million in cryptocurrency tied to an international fraud case, The Block reported. According to the DOJ, the seized assets were secured during an international fraud investigation, and prosecutors are now pursuing a forfeiture action to formally transfer the assets to the state. The DOJ added it has recovered more than $800 million in victim assets to date through its Scam Center Strike Force.

South Korean exchange Bithumb announced it will temporarily suspend GRAM deposits and withdrawals at 10:00 a.m. UTC today to support the Gram network upgrade.

Kim Min-seok, a lawmaker running for chair of South Korea’s Democratic Party, has included digital asset-related issues in his financial reform agenda, Digital Asset reported. The agenda includes passage of a basic law on digital assets, establishing a legal framework for won-denominated stablecoins, establishing a legal framework for the issuance and distribution of tokenized securities, and investor protection measures. Kim also mentioned regional growth reform, judicial reform, media reform and constitutional revision as other priorities.

An experimental OpenAI AI model broke out of a test environment and attacked a server on a shared platform, heightening security concerns in the cryptocurrency industry, CoinDesk reported. The models were said to include ChatGPT 5.6 Sol, which OpenAI recently unveiled. The models had been undergoing internal evaluations of hacking capabilities with safety guardrails loosened, but some exploited flaws in the test software and escaped onto the internet. One escaped model infiltrated Hugging Face, an open-source AI sharing platform, before a security team moved to block it. CoinDesk assessed the incident as showing not just a routine system intrusion, but the risk of autonomous hacking attacks targeting the cryptocurrency industry.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 50.71% long, 49.29% short - Binance: 50.3% long, 49.7% short - OKX: 51.48% long, 48.52% short - Bybit: 51.06% long, 48.94% short

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 volume heatmap in the upper section tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Areas closer to brighter colors may act as support or resistance. - The cumulative volume delta indicator in the lower section reflects buy and sell orders by order size. As buy orders increase, the line in the corresponding color rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Spot ETFs tied to Solana and XRP posted net inflows on July 21, while a Hyperliquid spot ETF recorded a net outflow. - SOL: +$5.8 million - XRP: +$5.66 million - HYPE: -$700,000

Asia-based Web3 research and consulting firm Tiger Research said in a report titled "Shifts in the 2026 Crypto Market: From Narratives to PMF" that no single narrative drove the broader market in the first half of 2026, while stablecoins, real-world assets, meme coins, DeFi and prediction markets either survived or grew despite weak market conditions. The report said a single narrative had guided the market in the past, but real demand is now determining its direction. It added that core sectors such as stablecoins, DeFi, real-world assets, and meme coins remain intact even amid the downturn, and that only projects with PMF, or product-market fit, that generate revenue from real users are likely to survive. According to the report, projects that have endured so far have secured recurring user bases and demonstrated that through concrete performance metrics such as trading volume, total value locked and fee revenue. It said true PMF is achieved only when sustainable revenue models and network effects are added, and while token prices may drive initial interest, long-term survival depends on usage frequency, retained capital, revenue and operational capabilities.

Binance announced it will temporarily suspend deposits and withdrawals for TRX at 6:00 a.m. UTC on July 23 for Tron wallet maintenance.

Pump.fun (PUMP), a Solana-based memecoin issuance platform, has introduced BOOST, a new token launch mechanism that will apply by default to all new tokens issued on the platform, The Defiant reported. The project said more than $100 million in liquidity had effectively remained locked up each year as tokens moved from the Bonding Curve to liquidity pools, and it plans to use BOOST to reinject future generated liquidity into each token.

U.S. spot Ethereum ETFs recorded $37.5 million in net inflows on July 21, according to Farside Investors. It marked a third consecutive trading day of net inflows. - BlackRock ETHA: +$52.8 million - Fidelity FETH: -$15.3 million

U.S. spot Bitcoin ETFs recorded a combined net inflow of $203.2 million on July 21, according to Farside Investors, marking a sixth consecutive trading day of net inflows. - BlackRock IBIT: +$163.9 million - Fidelity FBTC: +$23.1 million - Invesco BTCO: +$9.7 million - Grayscale BTC: +$6.5 million

a16z Crypto, the cryptocurrency unit of global venture capital firm a16z, said its proprietary data showed monthly on-chain transaction volume for tokenized stocks surged about 170-fold to $9.22 billion in June from $53 million a year earlier.

HTX has continued rotating wallets across four blockchains to avoid sanctions screening after British authorities sanctioned the crypto exchange in May over allegations it supported illicit Russian fund flows, The Block reported, citing a TRM Labs report. According to TRM Labs, HTX has periodically changed hot wallets and funding addresses on Tron (TRX), Ethereum (ETH), BNB Smart Chain (BSC) and Solana (SOL).

Grayscale said it has appointed Sebastian Pulido as managing director and head of on-chain asset management, a newly created role in which he is set to lead product and strategy development tailored to institutional demand for on-chain investments. Pulido previously served as director of institutional and DeFi at Aave Labs, the developer of the DeFi protocol AAVE, where he launched Aave Horizon, an on-chain lending market based on tokenized assets. He also worked on institutional blockchain strategy and market structure at JPMorgan’s tokenization platform Kinexys, then known as Onyx, and at Goldman Sachs.

A survey by OKX, a cryptocurrency exchange with Chinese roots, found 70% of 1,400 U.S. crypto investors are willing to let artificial intelligence manage their portfolios. The figure includes both investors willing to give AI full discretion and those willing to let it operate within risk limits they set. By age group, 38% of Gen Z respondents and 37% of millennials said they could give AI full control over portfolio management, while the share for baby boomers was 11%. The survey also showed growing AI usage, with 51% saying they use AI several times a week for investment research or trading, and 77% saying they used chatbots to research crypto investment information over the past three months.

Balance Coin (BLC), an algorithmic dollar stablecoin, plunged more than 99% after losing its dollar peg following an exploit at 42DAO. According to CoinMarketCap, BLC was trading at $0.001412, down 99.85% over the past 24 hours. Blockchain security firm PeckShield said on X, "42DAO suffered a $915,000 exploit and the drop followed." BLC’s market capitalization was only about $3.51 million before the depegging, suggesting the broader market impact is likely to be limited.

Move Industries CEO Torab Torabi said Move Industries has no relationship with MVMT Labs, which filed for Chapter 11 bankruptcy protection, and was not involved in the related bankruptcy process. In a post on X, Torabi said MVMT Labs had filed for bankruptcy but was a separate company from Move Industries. Torabi added that Movement is currently operating as a global fintech company using a licensed stablecoin payments network. Before Torabi’s clarification, MVMT Labs, the developer behind Movement (MOVE), had been reported to have filed for Chapter 11 bankruptcy protection. Move Industries emerged from Movement after last year’s MOVE plunge and alleged misconduct tied to a market maker, positioning itself as a fintech company developing stablecoin payment solutions.

South Korean exchange Upbit announced it will temporarily suspend POLYX deposits and withdrawals from 3:10 a.m. UTC on July 22 due to a Polymesh network upgrade.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $73.21 million liquidated (88.91% shorts) - ETH: $40.27 million liquidated (77.49% shorts) - SNDK: $10.05 million liquidated (86.39% shorts)

Financial platform Ramp has launched stablecoin accounts that support the Solana chain, SolanaFloor reported. Ramp’s stablecoin accounts support multiple chains, including Solana, and allow businesses to hold and make payments in USDC and USDT. Ramp is a financial platform used by more than 70,000 businesses.

U.S. data centers are projected to increase their share of the nation’s electricity consumption from about 5.9% currently to 20%, or 106 GW, by 2035 as demand from AI and cryptocurrency mining surges, BloombergNEF said, according to Crypto Briefing. BloombergNEF expects Bitcoin mining companies to use their large-scale power infrastructure to work with major technology companies such as CoreWeave in converting facilities into AI-focused data centers, with 20% of mining capacity likely to be repurposed for AI use by 2027.

Progressive U.S. groups are pressuring Democrats not to support the CLARITY Act, a crypto market structure bill, while criticizing Democratic Sen. Kirsten Gillibrand for mediating a compromise on the bill’s ethics provisions, Axios reported. Indivisible, Demand Progress and the Revolving Door Project sent a letter to every Democratic Senate office arguing that, because of crypto industry activity involving Gillibrand’s son, Democrats could be left with less ground to criticize President Donald Trump’s crypto business. Gillibrand holds that elected officials and their spouses should be barred from issuing or endorsing their own cryptocurrencies. Both parties are continuing negotiations to secure the 60 votes needed to pass the bill, with the ethics provision seen as the biggest obstacle. Republican lawmakers are discussing a compromise with the White House, but details have not been disclosed.