PANews on July 21 published a daily roundup covering regulation, project updates, fundraising, analyst views, and market data. The lead items included Donald Trump agreeing to an ethics provision tied to the Clarity Act, Ant International completing an approximately $1.2 billion Series A round, five straight days of net inflows into spot Bitcoin exchange-traded funds, and Strategy choosing not to buy more Bitcoin last week while adding $225 million to its dollar reserves.
Regulation and macro
Trump agrees to ethics provision tied to the Clarity Act
Trump has agreed to an ethics provision that clears the final hurdle for the Clarity Act. The provision is designed to restrict senior officials, including the president, vice president, and members of Congress, from profiting from digital assets while in office. The core dispute has centered on Trump’s meme coin and World Liberty Financial.
The bill text is expected in the coming days. The Senate needs to vote before the first week of August. If it passes, the measure will return to the House and then be sent to Trump for signature.
Russia’s State Duma to review crypto market regulation bill on July 21
Russia’s State Duma is scheduled to hold second and third readings of a crypto market regulation bill on July 21. The bill is aimed at curbing illegal use of cryptocurrencies while creating legal room for international settlements.
Under the current draft, non-professional investors would need to pass a test before buying crypto, face an annual cap of 300,000 rubles, and be allowed to trade only through licensed institutions. The bill had been set to take effect on July 1 but has been delayed to Sept. 1. If approved, it would still require sign-off from the Federation Council and the president.
Project updates
Binance to list four USDT-margined TradFi perpetual contracts
Binance Futures will list USDT perpetual contracts for SharonAI Holdings, SoFi Technologies, Palo Alto Networks, and Penguin Solutions at 17:00 on July 21. Each contract will support leverage of up to 25x.
Binance Alpha airdrop claim window opens July 21
The Binance Alpha airdrop claim window will open at 19:00 on July 21 with a threshold of 256 points and a first-come, first-served distribution model. The airdrop pool includes tokens from multiple projects, and each claim consumes 15 points.
Rewards are split into three tiers: common, rare, and ultra-rare, accounting for 80%, 15%, and 5% respectively. If tokens remain unclaimed, the points threshold will drop by 5 every five minutes.
Binance to remove several spot trading pairs
Binance will remove ACX/USDC, ALGO/BTC, CVC/USDC, LPT/USDC, ONG/BTC, RVN/USDC, and XRP/BNB spot pairs at 11:00 on July 24. Trading bot services tied to those pairs will end at the same time. The tokens will still be tradable through other pairs.
Zhipu rises more than 30% in afternoon trading
Zhipu rose more than 30% in afternoon trading after putting a 1GW domestic computing power center into operation and completing its acquisition of Zhongke Jiahe.
BlockSec says Wanchain’s Cardano bridge was attacked
BlockSec said Wanchain’s Cardano cross-chain bridge was exploited and about 515 million NIGHT tokens were stolen from the bridge treasury.
The root cause was a non-injective signed-message encoding issue in the TreasuryCheck validator. The signed message was built by directly concatenating variable-length fields without separators, allowing different combinations of field values to produce the same byte string and reuse a signature. According to BlockSec, using Sha3_256(SerialiseData(...)) can prevent this class of attack.
Robinhood opens its platform to AI agents
Robinhood has opened its platform to AI agents. Users can create agent accounts, connect AI agents, and authorize them to research, trade, and manage portfolios on their behalf.
The setup takes less than a minute and only requires users to add the Robinhood MCP server to an agent platform.
Base plans tokenized stocks with Coinbase
Base creator Jesse Pollak said Base is working with Coinbase on tokenized stocks backed 1:1 by the underlying assets. He said the structure differs from Robinhood’s derivatives model and has advantages in trust, capital efficiency, and institutional acceptance.
SpaceX to release quarterly results on Aug. 4
SpaceX will release its results for the second quarter of 2026 on Aug. 4.
HKDAP stablecoin may launch as early as this month
Anchor Point Fintech, led by Standard Chartered Bank (Hong Kong), is expected to launch the Hong Kong dollar stablecoin HKDAP as early as this month. Virtual asset trading platforms including OSL Group and HashKey Exchange will act as distributors.
Tom Lee explains slower ETH buying pace
Bitmine Chairman Tom Lee said the recent slowdown in ETH purchases was due to a large share buyback.
Since launching its ETH treasury strategy on June 30, 2025, the company has kept buying every week. Over the past week, it repurchased about 5.5 million common shares at an average price of $15.6156. Its proprietary staking business carries an annualized yield of 2.67%.
ZachXBT says TeleSwap may have suffered a $735,000 exploit
ZachXBT said the TeleSwap cross-chain bridge may have been exploited on July 15 for more than $735,000, and that the project still had not publicly disclosed the incident as of July 20.
After the attack, the Bitcoin hot wallet stopped processing transactions. The attacker has already moved funds into Tornado Cash. ZachXBT also published the suspected addresses involved and the hot wallet address.
Strategy did not add Bitcoin last week
Strategy did not buy Bitcoin last week and added $225 million to its dollar reserves, bringing the total size of those reserves to about $3.2 billion.
Solv discloses BTC+ contract attack
Solv Protocol said its BTC+ contract on BNB Smart Chain was attacked on July 13 after the deployer’s private key was compromised. The attacker upgraded the mint proxy contract and minted unauthorized BTC+ tokens.
The team said it completed an emergency response within three hours and froze, burned, or isolated all unauthorized tokens. The underlying BTC remains safe. Subscriptions and redemptions have been paused and are expected to resume within two weeks. Solv said it has upgraded security controls and started an external audit.
Skyfall AI aims to test an “AI CEO” model
Skyfall AI, founded by a former Microsoft AI team, plans to spend as much as $1 million to acquire a small B2B SaaS or e-commerce company and put AI in the CEO role for pricing, marketing, customer service, and other decisions. The target is to double revenue while reducing human involvement.
Its “Enterprise World Models” system is built to simulate the long-cycle effects of business decisions through an evolutionary world model of the company.
London Stock Exchange plans round-the-clock trading
London Stock Exchange Group plans to launch a standalone nighttime trading venue in the first half of 2027. The venue would offer ETP trading tied to U.K. and U.S. equities as the exchange seeks to win back retail investors and compete with crypto platforms that run around the clock.
Funding
Ant International completes roughly $1.2 billion Series A
Ant International has completed a Series A financing round of about $1.2 billion, with participation from existing shareholders including Ant Group and Alibaba, along with multiple international investment institutions.
The company said the funds will be used to expand its global business, step up investment in frontier technologies including AI, and broaden inclusive fintech services such as cross-border payments and global accounts. Ant International operates across Asia, Europe, the Middle East, and Latin America, connects more than 150 million merchants and over 2 billion consumer accounts worldwide, and runs four main business lines: Alipay+, Antom, WorldFirst, and Bettr.
Views and analysis
Michael Saylor again opposes BIP 110
Strategy founder Michael Saylor again spoke out against Bitcoin Improvement Proposal 110, saying the proposal’s limits on storing non-financial data run against Bitcoin’s decentralized spirit. He said it conflicts with principles including freedom, property rights, and free markets, and described it as an attempt to impose “monetary purity” by force.
CryptoQuant analyst says stablecoins have left exchanges for 35 straight days
CryptoQuant analyst Axel Adler Jr. said Bitcoin was trading near $65,000 but lacked buying power. He said Bitcoin’s 30-day netflow was neutral to slightly positive and did not show a deep outflow signal, while stablecoin netflows had remained negative for 35 consecutive days, pointing to continued stablecoin losses from exchanges. In his view, price pressure may only ease once stablecoin netflows turn positive and Bitcoin keeps flowing out.
Strategy executive says Bitcoin reserves could cover 31 years of dividends
Chaitanya Jain, head of Bitcoin products and investment at Strategy, said the company’s Bitcoin reserves could support dividend payments for 31 years, while its dollar reserves could support 1.8 years. As of July 19, Strategy’s dollar reserves had increased to $3.225 billion. The company did not add to its Bitcoin holdings last week and injected $225 million into those reserves.
Bloomberg says Korean stocks are moving more closely with the Nasdaq
Bloomberg reported that the Korean stock market is becoming more closely linked with U.S. tech shares. The 60-day correlation coefficient between the KOSPI and the Nasdaq 100 has risen to 0.46, close to a two-year high.
Global fund managers are treating Korea as a lead indicator for AI investment sentiment and are watching moves in Samsung Electronics and SK Hynix before the market opens. During market declines, the Nasdaq’s sensitivity to Korean equities has increased sharply.
CryptoQuant says falling stablecoin reserves signal weaker liquidity
CryptoQuant analyst Darkfost said Bitcoin has traded around $60,000 for nearly 165 days, with the main reason being a lack of new liquidity. Over the past 30 days, stablecoin reserves on Binance and Bybit saw nearly $2.3 billion in net outflows, and total exchange stablecoin reserves have continued to shrink. He said Bitcoin’s decentralized characteristics could stand out more as regulators push for tighter stablecoin compliance.
Key data
Spot Bitcoin ETFs record fifth straight day of net inflows
On July 20, spot Bitcoin ETFs recorded total net inflows of $227 million, extending the streak to five straight sessions.
BlackRock’s IBIT posted $116 million in net inflows, bringing its cumulative historical net inflows to $60.606 billion. ARKB, from Ark Invest and 21Shares, added $72.7422 million. Grayscale’s GBTC saw net outflows of $45.4001 million. Total net asset value for spot Bitcoin ETFs stood at $79.163 billion, with a net asset ratio of 6.04% and cumulative historical net inflows of $51.579 billion.
On-chain and market data snapshot
- Abraxas Capital withdrew 20,000 ETH from Aave, worth about $38.47 million.
- An ancient whale deposited 1,000 BTC to Binance, worth about $65.56 million.
- A whale that had accumulated BTC for six years moved BTC worth $130.5 million.
- A new wallet withdrew 12,800 ETH from Binance in the past 24 hours and staked the full amount, worth about $24.47 million.
- A whale staked 249,200 HYPE, worth about $15.5 million.
- Arthur Hayes bought another 1,332.5 ETH three hours ago, worth about $2.53 million.
- A whale, inactive for 11 months, sent 9,000 ETH to Cumberland, worth about $17.19 million.
KOSPI volatility tops Bitcoin
The KOSPI’s volatility has exceeded 60% this year, above Bitcoin, and has triggered circuit breakers seven times.
The main drivers include Samsung Electronics and SK Hynix making up more than half of the market’s capitalization, with the AI boom lifting prices even as AI revenue remains insufficient. Leveraged ETFs have added to the swings. Retail investors have been net buyers of more than 100 trillion won in stocks this year, while foreign investors have been net sellers of about $108 billion. Goldman Sachs strategists said leveraged ETFs are the main risk.
Nikkei says hidden debt at five U.S. tech giants reaches $1.65 trillion
Research by Nikkei found that hidden debt at five major U.S. technology companies — Alphabet, Microsoft, Amazon, Meta, and Oracle — increased eightfold over four years to $1.65 trillion, exceeding their balance-sheet debt.
Meta alone had about $420 billion in off-balance-sheet debt, close to three times its reported debt.