Crypto market roundup for July 22: Kalshi seeks gold perpetuals, Movement Labs files Chapter 11

Crypto market roundup for July 22: Kalshi seeks gold perpetuals, Movement Labs files Chapter 11

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News Editor
2026-07-22 02:43:17
Crypto markets on July 22 were shaped by a mix of price action, regulatory developments, project updates, and financing news. Among the most-traded assets on centralized exchanges, BTC rose 1.77%, ETH gained 1.27%, XRP added 2.68%, and ADA climbed 2.47%, while DEXE fell 83.73%. OKX data showed NIGHT leading the 24-hour gainers at 27.05%, and msx.com’s crypto-equity board was led by GREE.M at 42.25%. The day’s headline items centered on Kalshi and Movement Labs. Kalshi has reportedly filed with the U.S. Commodity Futures Trading Commission to launch gold-linked perpetual futures. Movement Labs, the developer behind the Movement blockchain, filed for Chapter 11 bankruptcy protection after earlier scrutiny over a market-making agreement that allowed the rapid sale of 66 million MOVE tokens, followed by a sharp price drop, an investigation, and a token buyback. Other developments included SpaceX setting Aug. 4 for its 2026 second-quarter earnings release, with insider share unlocks due to begin two days later; the U.S. Department of Justice seizing more than $25 million in crypto tied to alleged cross-border investment fraud; Polymarket registering a standalone X account for Polymarket Perps; Robinhood opening trading accounts to AI agents; and Telegram founder Pavel Durov saying Telegram plans to roll out a native self-custodial Gram wallet across all apps this summer.
KalshiMovement LabsPolymarketRobinhoodTelegramSpaceXAIMeme

Market movers in the past 24 hours

The top 10 assets by CEX trading volume and their 24-hour moves were: BTC +1.77%, ETH +1.27%, SOL +0.71%, XRP +2.68%, BNB +0.23%, DOGE +1.88%, TRX +1.01%, ZEC -1.5%, DEXE -83.73%, and ADA +2.47%.

Crypto market roundup for July 22: Kalshi seeks gold perpetuals, Movement Labs files Chapter 11 2

On the 24-hour gainers list, with data from OKX, NIGHT led with a 27.05% rise. It was followed by ONE at 19.52%, VINE at 17.14%, RE at 15.73%, XSNDK at 13.15%, ONDO at 12.08%, XSOXL at 11.7%, XSKHY at 11.37%, XMU at 10.68%, and OFC at 10.26%.

On the crypto-equity leaderboard from msx.com, GREE.M rose 42.25%, AAOX.M gained 40.26%, SNXX.M climbed 36.08%, WDCX.M added 30.51%, AEHR.M rose 29.18%, SMCI.M gained 28.91%, SKUU.M rose 28.66%, MUU.M added 28.47%, RAM.M climbed 26.42%, and LWLG.M gained 25.21%.

Top on-chain meme tokens

GMGN data showed the top five on-chain meme names were PONS on Robinhood Chain, r0b on Robinhood Chain, TENDIES on Robinhood Chain, Index on Robinhood Chain, and 币有 on BSC.

Top stories

Kalshi seeks approval for gold-linked perpetual futures

According to market information cited in the source, prediction market platform Kalshi has filed with the U.S. Commodity Futures Trading Commission to launch gold-linked perpetual futures.

Movement Labs files for Chapter 11 protection

Movement Labs, the developer behind the Movement blockchain, has filed for Chapter 11 bankruptcy protection. The project had earlier come under scrutiny over a market-making agreement that allowed the rapid sale of 66 million MOVE tokens. MOVE later fell sharply in price, leading to an investigation and a token buyback.

Movement Labs has recently shifted toward cross-border payments and stablecoin settlement. During the Chapter 11 process, the next steps for its blockchain network, partnerships, and payment expansion plans remain unclear, though operations can continue while restructuring is underway.

SpaceX sets Aug. 4 for 2026 Q2 results

SpaceX said on X that it will release its financial and operating results for the second quarter of 2026 on Aug. 4, 2026.

Under provisions in its earlier prospectus, eligible insider shareholders can begin unlocking shares two days after the company publishes its 2026 Q2 results. The first major unlock is set for Aug. 6, when early shares equal to 8% of total share capital, or 20% of the early lockup pool, will become eligible. If the stock is up 30% from its IPO price and meets that threshold on five of 10 trading days, an additional 10% can be unlocked, which would bring the maximum unlock on Aug. 6 to 12%.

Before SpaceX releases its 2026 Q3 results, additional 2.8% unlocks are scheduled for Aug. 21, Sept. 10, Sept. 25, Oct. 12, and Oct. 26.

Industry developments

U.S. officials say Trump may decide within days on broader military action against Iran

According to U.S. reporting cited on the 20th and attributed to multiple senior U.S. officials, President Donald Trump is expected to decide within days whether to expand military action against Iran and resume “full combat operations.” A final decision has not yet been made. If Trump does decide to resume full combat operations against Iran, the intensity and scope would exceed recent U.S. strikes on the country.

Trump may impose new tariffs on dozens of countries this week

President Donald Trump could impose new tariffs on dozens of countries as early as this week.

DOJ seizes more than $25 million in crypto tied to alleged fraud network

The U.S. Attorney’s Office for the District of Columbia and the Washington Field Office of the U.S. Secret Service said investigations into multiple international cyber fraud cases have led to the seizure of more than $25 million in cryptocurrency. The funds are alleged to be tied to crypto investment scams targeting residents in the United States and Canada.

U.S. Treasury secretary urges Congress to pass the Clarity Act before recess

U.S. Treasury Secretary Scott Bessent said lawmakers are in the final stretch on the Clarity Act and urged Congress to pass the bill before recess.

Washington state court issues preliminary injunction against Kalshi

According to Daniel Wallach, a court in Washington state issued a preliminary injunction against Kalshi, finding that its business violates Washington state gambling law and is therefore illegal, and that the Commodity Exchange Act does not override state law.

A Kalshi public relations representative responded that U.S. states do not have judicial authority to regulate prediction markets. Kalshi said multiple courts, including the U.S. Court of Appeals for the Third Circuit, have already defined that legal boundary through precedent. The company also said it was disappointed that Washington state continues to spend public resources on the regulatory action and argued that oversight of prediction markets belongs at the federal level.

Project updates

Moonshot AI discusses pre-IPO financing at a $50 billion valuation

According to market information cited in the source, 月之暗面 is in talks for pre-IPO financing at a $50 billion valuation.

Polymarket registers standalone X account for Polymarket Perps

On July 21, Polymarket registered a new standalone X account for Polymarket Perps. The account has posted only three messages so far. Perpetual futures trading on Polymarket is still limited to a whitelist, and users need an invitation code to access it, but the Polymarket Perps account has already published an official invite code in a post. It is not yet clear whether the code is permanent.

The move may indicate that Polymarket is preparing for a wider push into futures trading.

Kalshi volume jumps to $24.2 billion during the World Cup

Prediction market platform Kalshi saw strong growth during the 2026 World Cup. Platform trading volume rose from $6.67 billion on June 22 to $24.2 billion on July 14. Within that total, the single “World Cup champion” market handled more than $1.2 billion in volume.

Robinhood opens the platform to AI agents

Robinhood said on X that it has opened access to AI agents. Users can set up an agent account and connect an AI agent to it, after which the agent can conduct research, trade, and manage portfolios on the user’s behalf.

Changxin Technology releases IPO allotment results

Changxin Technology said the results of its initial public offering and STAR Market listing have been released. Online investors paid for 3,844,517,273 shares and abandoned 6,586,227 shares. Offline investors paid for 2,173,101,821 shares and abandoned 31,567 shares. Joint lead underwriters took up 6,617,794 shares, with an underwriting amount of 57.3101 million yuan. Before any greenshoe exercise, issuance expenses were 281 million yuan.

Funding and deals

Humanoid raises $152 million in Series A

Humanoid, a humanoid robotics startup, said it has completed a $152 million Series A round at a post-money valuation of $1.35 billion, becoming Europe’s first unicorn focused on humanoid robotics. Prime Movers Lab led the round.

Cordant closes $8 million seed round

Cordant, a provider of stablecoin and digital asset financial infrastructure, said it raised $8 million in seed funding. Investors included Bankless VC, FJ Labs, SignalFire, Quona, Next Stage, Selah Ventures, Flatironx, Nascent Ventures, Silvercircle Ventures, and Generative Ventures. The company said the new capital will support new payment networks and AI automation tools.

Cashea completes $100 million financing across two rounds

Digital fintech company Cashea said it completed two rounds totaling $100 million. The financing included a $60 million Series B led by FinSight Ventures, with Endeavor Catalyst, Plug and Play, several U.S. university endowments, and Latin American investors participating. It also included a $40 million Series A, made up of $20 million in equity and $20 million in debt, led by Spice Expeditions with debt support from Architect Capital.

Augustus raises $180 million at a $1 billion valuation

Crypto bank Augustus said it raised $180 million at a $1 billion valuation. The company said it aims to build round-the-clock financial infrastructure linking traditional payment systems with stablecoin networks. Tiger Global Management led the round, with participation from Hummingbird, QED, and founding teams from Nubank, Ramp, Circle, and Deel.

People and company statements

Pavel Durov says Telegram will roll out a large-scale self-custodial crypto wallet this summer

Telegram founder Pavel Durov wrote on his personal channel that this summer will bring “the largest deployment of a self-custodial crypto wallet in human history,” with Telegram planning to integrate the native self-custodial Gram wallet across all apps.

Durov said the wallet will give more than 1 billion Telegram users instant, zero-fee cryptocurrency transactions and push on-chain payments further into the mainstream. “We are bringing the native self-custodial Gram wallet into every Telegram app,” he said.

Base co-founder says support will keep expanding for developers

Base co-founder Jesse Pollak said Base will continue expanding support for developers, with an emphasis on products that gain market acceptance organically. He said the focus includes trading, payments, agents, the long-tail effects of developer-driven innovation, and meme trading.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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