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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.

Ansem, a meme-coin trader who inspired the Solana-based meme coin ANSEM, said on X he bought Pump.fun's PUMP. Ansem said he bought PUMP near the technical support level of $0.001675 and cited Pump.fun's monthly on-chain revenue of $30 million to $40 million even in a bear market. He added he expects retail investor activity to concentrate again in the Solana ecosystem during this cycle, with Pump.fun likely to be among the biggest beneficiaries. Still, Ansem said concerns remain as Pump.fun's full-scale token unlock begins, adding that the scenario would be invalidated if PUMP falls back below $0.0014 during the unlock period.

According to data from Tokenomist, the major token unlocks scheduled for this week (July 20–27) are as follows: - ZRO: 25.71 million tokens ($20.55 million), representing 4.6% of circulating supply, at 11:00 a.m. UTC on July 20 - KAITO: 17.6 million tokens ($16.6 million), representing 4.3% of circulating supply, at 12:00 p.m. UTC on July 20 - APR: 31.88 million tokens ($6.89 million), representing 11.28% of circulating supply, at 12:00 a.m. UTC on July 23 - SOON: 20.24 million tokens ($3.22 million), representing 3.91% of circulating supply, at 8:30 a.m. UTC on July 23 - SOSO: 23.46 million tokens ($6.73 million), representing 6.78% of circulating supply, at 9:00 a.m. UTC on July 24 - H: 266 million tokens ($15.6 million), representing 8.6% of circulating supply, at 12:00 a.m. UTC on July 25 - XPL: 88.89 million tokens ($7.1 million), representing 3.44% of circulating supply, at 12:00 p.m. UTC on July 25

The CLARITY Act, a U.S. crypto market structure bill, could be brought to a Senate vote this week, but controversy over potential conflicts of interest tied to President Donald Trump’s crypto businesses has emerged as the biggest variable, Cointelegraph reported. Cointelegraph said prediction market Polymarket currently puts the odds of the CLARITY bill passing this year at 40%. Democratic lawmakers are opposing the bill’s advance while raising ethical concerns related to Trump’s crypto business interests. Senator Elizabeth Warren has called on President Donald Trump to disclose his crypto-related income for this year, while Democrats have indicated they would be unlikely to support the bill unless it includes provisions restricting elected officials from issuing or promoting cryptocurrencies. By contrast, Senate Majority Leader John Thune has said a vote must take place before Aug. 10.

CoinMarketCap’s Altcoin Season Index stood at 51. The index is calculated by comparing the price performance of Bitcoin and the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. If 75% of those top 100 coins outperform Bitcoin over the past 90 days, the market is considered to be in altcoin season. The opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.

The key global macro events for the fourth week of July are as follows, based on Korea Standard Time: - July 20: Japanese stock market closed; China’s July loan prime rate at 1:00 a.m. UTC - July 21: U.S. ADP weekly employment change report at 12:15 p.m. UTC - July 23: Eurozone interest rate decision at 12:15 p.m. UTC; U.S. initial jobless claims at 12:30 p.m. UTC - July 24: U.S. July manufacturing and services purchasing managers index at 1:45 p.m. UTC

An address believed to belong to Dutch cryptocurrency exchange Bitvavo withdrew 3.89 million LINK worth $32.59 million from Coinbase Prime to a new address.

An anonymous whale opened an additional BTC long position about 50 minutes ago, expanding the position to 1,662.5 BTC, or about $108 million, according to on-chain analyst EmberCN. The average entry price is $63,958, and the unrealized profit currently stands at about $1.38 million. However, the liquidation price is $63,142, close to the entry price, indicating a high-leverage position.

AZ-COM Maruwa, a key logistics partner for Amazon in Japan, plans to adopt the yen-denominated stablecoin JPYC to pay roughly 2,300 partner companies, Cointelegraph reported. The move is expected to mark the first large-scale corporate adoption of JPYC by a Japanese company.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,024.78 on the Binance USDT market.