Crypto markets and industry headlines moved on several fronts on July 20. Among the top 10 tokens by CEX trading volume, BANK posted the strongest 24-hour gain at 93.81%, while BTC slipped 0.2% and ETH rose 0.42%. OKX’s 24-hour gainers list was led by NAVX, PUMP, and YB, and GMGN’s on-chain meme rankings showed activity centered on Robinhood Chain and BSC tokens. Outside token performance, several non-crypto developments also drew attention. Spain beat Argentina 1:0 after extra time in the World Cup final, claiming its second title since 2010. ChangXin Technology said winning subscribers in its share offering must complete payment on July 20, with funds from offline investors due by 16:00 on the T+2 settlement day and online investors required to ensure enough subscription funds remain in their accounts by day-end. In business and policy-related updates, Trump Media & Technology Group said its paid data product Truth API will go live on Aug. 1, offering banks and algorithmic trading firms real-time access to posts from 10 influential Truth Social accounts, including Donald Trump. South Korea’s KB Financial Group also unveiled a 100 billion won strategic investment fund focused on digital assets and artificial intelligence, while the U.S. CLARITY Act remained stalled in the Senate one year after passing the House.

China’s commercial space sector whipsawed after the Long March 10B’s successful debut and recovery test. The July 10 launch, which included the world’s first rocket net-based recovery and marked China as the second country after the U.S. to master controlled recovery of a heavy-lift booster, triggered a surge across more than 30 listed names. By July 13, however, the sector had reversed sharply, with several stocks falling and broader indexes also retreating. The source article argues the swing was driven less by changing fundamentals than by market structure. It cites Securities Times as saying mutual funds and social security funds have remained underweight or absent in many commercial space names, leaving the sector without stable long-term institutional positions. In that setup, quantitative trading—described in the article as accounting for 20% to 30% of A-share turnover—can have an outsized impact. The piece also places the move in a broader two-year context. It tracks the sector’s rally drivers shifting from concept speculation to policy support and then to technical validation. It highlights upcoming tests for the valuation framework, including reusable rocket trials, potential repeat flights, IPO progress for Chinese rocket companies, and interim earnings that continue to show a sharp split between profitable upstream suppliers and loss-making downstream firms.

Truist Financial reported stronger-than-expected Q3 2025 results, posting $1.3 billion in net profit and $5.19 billion in revenue. Growth in non-interest income and loans helped support the quarter.

HandlPay will hold a live discussion on privacy in crypto payments, the use of stablecoins in everyday transactions, and the potential of social identities replacing wallet addresses as payment identifiers.

The U.S. Department of Justice announced the creation of the National Cryptocurrency Enforcement Team (NCET) to target criminal misuse of digital assets, including exchange fraud, mixing services, and money laundering. Deputy AG Monaco vows to protect consumers.

Cetus Protocol has resumed operations two weeks after a $220 million exploit, restoring affected liquidity pools with treasury assets, a Sui Foundation loan, and a CETUS-based compensation plan.

U.S. spot Bitcoin ETFs broke a four-day outflow streak with $91.55 million net inflows on Wednesday, led by BlackRock's IBIT and Bitwise's BITB. Ethereum ETFs continued their modest rebound with $35.12 million inflows, signaling cautious institutional optimism.

On August 6, Bitcoin ETFs broke a four-day outflow streak with $91.55 million in net inflows, led by BlackRock and Bitwise. Ethereum ETFs also recorded $35.12 million in inflows, signaling cautious stabilization in institutional crypto markets.