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Seven Democratic U.S. senators have also voiced opposition to a revised version of the CLARITY Act that adds ethics rules for public officials, increasing uncertainty over whether the bill can pass before the August recess, according to BeInCrypto. Sens. Catherine Cortez Masto, Angela Alsobrooks, Cory Booker, Ruben Gallego, John Hickenlooper, Mark Warner and Raphael Warnock said the bill still needs stronger provisions on consumer protection, illicit finance prevention and market integrity, not just ethics rules. Banking industry groups also said deposit risks remain a concern and argued the revised bill could still curb regional lending. Compared with the draft released in May, the revised version newly adds ethics rules restricting public officials from issuing or endorsing cryptocurrencies, as well as law enforcement provisions allowing the seizure of stablecoins. It keeps the existing framework under which the SEC and CFTC share oversight of cryptocurrencies.

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: 50.51% long, 49.49% short - Binance: 50.47% long, 49.53% short - OKX: 51.05% long, 48.95% short - Bybit: 49.91% long, 50.09% 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, and 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, and the line for each color rises as buy orders increase. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Swiss bank BancaStato has launched a regulated cryptocurrency trading service with crypto bank Sygnum, Cointelegraph reported. The new offering allows BancaStato customers to buy, sell and hold four cryptocurrencies, including BTC, ETH, LTC and SOL, through the bank’s existing internet banking and mobile banking apps. BancaStato said it has joined more than 25 financial institutions using Sygnum’s B2B platform to provide regulated crypto services.

Binance announced it will temporarily suspend deposits and withdrawals for Polygon-based tokens at 2:00 p.m. UTC on July 29 to support the Polygon (POL) network upgrade and hard fork.

Iran’s Revolutionary Guard said it attacked a U.S. military base in Jordan and destroyed the radar of the THAAD missile defense system there, according to Iran’s Tasnim News Agency. The group also said it destroyed one Patriot system and a C-RAM radar, and claimed a fire broke out at the base’s fuel storage facility.

South Korean financial authorities are reviewing a plan to separate and regulate digital asset custody, or safekeeping, as an independent business area in line with the opening of the digital asset market to corporations. Kim Sung-jin, head of the virtual asset division at South Korea’s Financial Services Commission, said at a conference held at the National Assembly today that smooth trading cannot take place unless the safe storage and management of digital assets is ensured, according to The Asia Business Daily. Kim said there is little room for debate over separating custody into a distinct line of business as South Korea pushes second-phase legislation, described as a basic law on digital assets, and is now considering detailed rules on market entry and business conduct.

South Korean exchange Upbit announced it will suspend GLMR deposits and withdrawals at 11:00 a.m. UTC on July 29 due to Moonbeam's network transition.

An address believed to belong to Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 6,009 ETH and 62.31 WBTC to Binance, Onchain Lens reported. The ETH deposit was worth $11.56 million, while the combined value of the assets was $15.65 million. The address had been buying BTC and ETH since late May.

Bitcoin inflows to Binance have continued, but outflows have remained at a similar scale and investors appear to be shifting toward long-term holding, on-chain analyst Xwin Research Japan said. Xwin Research Japan said large BTC deposits are generally interpreted as a sign of selling pressure, but net inflow data, which reflects both deposits and withdrawals, should also be considered when assessing market direction. Recently, even as BTC deposits to Binance have continued, withdrawals have offset most of them, suggesting incoming supply is either being absorbed by the market or moved back into long-term storage wallets. Xwin Research Japan said this indicates investors are using Binance as a source of liquidity while continuing to reduce exchange-held balances. In the short term, higher deposits could bring volatility, but overall selling pressure does not appear likely to persist. The analyst added that Binance flow data should be monitored alongside ETF fund flows, exchange reserves and stablecoin liquidity to judge whether the market is in an accumulation phase or a selling phase.

Binance announced it will temporarily suspend its stock trading service for system maintenance from 10:50 a.m. UTC to 2:00 p.m. UTC on July 25.

More than $7.5 million in assets was stolen from Verus' Ethereum cross-chain bridge in an exploit, Onchain Lens reported. The hacker drained the funds by forging cross-chain proofs and withdrawing reserve assets on Ethereum that had not been unlocked on the Verus chain. The Verus bridge was previously hit by an $11.58 million hack in May.

About $69.1 million in net inflows entered U.S. spot Bitcoin ETFs on July 22, according to Farside Investors, marking a seventh consecutive trading day of net inflows. - BlackRock IBIT: +$38.8 million - Fidelity FBTC: +$21.5 million - Bitwise BITB: +$5.4 million - Morgan Stanley MSBT: +$3.8 million - Grayscale GBTC: -$38.3 million - Grayscale Mini BTC: +$37.9 million

U.S. spot Ethereum ETFs recorded a net inflow of $72.7 million on July 22, according to Farside Investors. The inflow marked the fourth consecutive trading day of net inflows. - BlackRock ETHA: +$53.5 million - Fidelity FETH: +$19.2 million

Coinbase plans to increase the size of its Singapore office to about 200 employees by the end of this year from about 150 now, Tech in Asia reported. Coinbase obtained a full Major Payment Institution license in Singapore under the Payment Services Act in October 2023 and has since expanded its investment in Singapore and across Asia.

Kazakhstan has approved rules for a strategic digital mining program that guarantee electricity supplies to cryptocurrency mining companies for up to 10 years, according to a report by a West Asian media outlet. Under the rules, participating companies can receive power allocations from electricity generators at capped rates. In return, they must transfer part of their mined cryptocurrency to Kazakhstan’s Silicon Valley, Astar Network, or a hub, and the assets will be held in trust by a state investment corporation under the central bank before being used to expand the country’s strategic crypto reserve.

South Korean exchange Bithumb announced the listing of CheckMate (CHECK) today at 6:00 a.m. UTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $28.18 million liquidated (61.64% longs) - ETH: $40.12 million liquidated (58.4% shorts) - SPCX: $9.02 million liquidated (97.85% longs)

South Korean Rep. Kim Hyun-jung of the Democratic Party called for swift passage of a second-phase digital asset bill covering won-denominated stablecoins at a conference held at the National Assembly Members' Office Building on July 23, Edaily reported. Kim said South Korea needs to prepare as broader dollar stablecoin adoption is expected after the GENIUS Act takes full effect in January next year and the U.S. market structure bill, the CLARITY Act, could come to a vote as early as next week. At the same event, when asked whether the government’s digital asset basic law on stablecoins would be released in the second half of the year, Kim Sung-jin, head of the virtual asset division at South Korea’s Financial Services Commission, said the schedule remains under discussion with relevant agencies and the National Assembly and that officials are working to move as quickly as possible, as outlined in the government’s economic policy direction for the second half.

SkyBridge Capital founder Anthony Scaramucci said the crypto ethics provisions in the CLARITY Act are not sufficient and argued that insider trading by members of Congress should be banned more broadly. In an interview with CNBC, Scaramucci stressed that the same ethical standards should apply not only to digital assets but also to lawmakers’ stock trading.

On-chain analyst Darkfost said demand from spot Bitcoin ETFs, Strategy and corporate Bitcoin accumulation firms is all slowing. In a post on X, Darkfost said net inflows into spot ETFs over the past 30 days fell by $2.1 billion, while Strategy's purchase demand has stagnated for weeks. Demand from accumulation firms has also dropped from about $6.6 billion in August last year to effectively near zero now. Darkfost said the trend reflects market pessimism, but added that periods when demand from those buyers is at its lowest could instead offer a good time to build positions.

Ondo Finance's RWA-based perpetual futures exchange Ondo Perps launched a points program. Users can earn points based on trading volume and open interest, with a total of 5 million points distributed each week during the program period.

South Korean exchange Upbit announced the addition of O, also known as Owon Exchange, for trading against KRW, BTC and USDT at 6:00 a.m. UTC today.

Toss and Toss Bank said today they signed a strategic memorandum of understanding with Circle to explore potential cooperation on blockchain-based payment infrastructure and stablecoin technology. Under the agreement, the companies will examine collaboration in payment and settlement infrastructure using stablecoins and blockchain technology, according to Yonhap Infomax.

U.S. Senate Republican Leader John Thune said a vote on the CLARITY bill could be pushed as early as next week even without an agreement with Democrats, according to Cointelegraph.