24H Hot Tokens & Headlines｜Only 54 Addresses Profit Over $100K in Polymarket World Cup Prediction; Trump Agrees to Include Ethics Clause in CLARITY Act (July 21)
- Core Insights: The overall market saw a slight uptick on the day, with a mixed performance among hot tokens; 66.7% of addresses in the Polymarket World Cup prediction market are losing money, with profits concentrated among a few traders; the potential deletion of a key clause in the U.S. CLARITY Act has drawn industry attention, while Russia's crypto regulation bill enters its final review stage.
- Key Elements:
- Hot tokens on CEXs generally rose, with BTC up 0.88%, ADA up 2.9%, and KITE up 3.65%. The biggest 24-hour gainer was NAVX (+26.36%).
- In the Polymarket World Cup winner market, 66.7% of over 194,000 addresses suffered losses. 54 addresses profited over $100K, with total gains exceeding $22 million.
- Trump has agreed to include an ethics clause in the CLARITY Act. The bill is expected to be released as early as Monday. Removing Section 604 could subject non-custodial developers to the Bank Secrecy Act.
- The Hyperliquid HIP-4 proposal will support the permissionless deployment of outcome markets. Deployers need to stake 500,000 HYPE and can set a maximum fee split of 50%.
- Approximately $764 million in crypto assets were stolen in Q2, with 88.3% of incidents involving security vulnerabilities in keys, signers, and infrastructure.
- Circle President Heath Tarbert has sold CRCL shares 10 times since June, cashing out a total of approximately $30.77 million, with no purchases made, contrasting with his previous statements about "long-term stock price.”
- The Russian State Duma will hold the final review of the crypto regulation bill on Tuesday, which proposes to set an annual purchase cap of around $3,800 for non-qualified investors.
1. Popular Coins on CEX
CEX Top 10 Trading Volume and 24h Change:
- BTC: +0.88%
- ETH: +1.89%
- SOL: +1.63%
- XRP: +1.45%
- BNB: +0.44%
- DOGE: -0.39%
- ZEC: +0.31%
- TRX: -0.09%
- ADA: +2.9%
- KITE: +3.65%
24h Gainers (Data Source: OKX):
- NAVX: +26.36%
- BONK: +16.35%
- LDO: +12.04%
- MET: +10.53%
- MON: +9.47%
- XCRCL: +9.26%
- ZAMA: +8.32%
- IRYS: +8.02%
- ACT: +6.88%
- XLITE: +6.74%
24h Crypto-Stock Gainers (Data Source: msx.com):
- AMC.M: +25.77%
- GREE.M: +23.98%
- IREN.M: +22.07%
- CIFR.M: +17.31%
- CLSK.M: +11.51%
- XE.M: +11.2%
- HUT.M: +10.99%
- GAME.M: +10.08%
- BTBT.M: +10%
- GLXY.M: +9.8%
2. Top 5 On-Chain Meme Coins (Data Source: GMGN):
- REAL (Robinhood Chain)
- BUTTERCOIN (Robinhood Chain)
- NILF (Robinhood Chain)
- z (BSC)
- Pasteur (BSC)
Headlines
Of the over 194,000 unique trading addresses on Polymarket's World Cup winner prediction market, nearly 130,000 addresses were wrong and incurred losses, representing a loss rate of 66.7%. Of these, 114,000 addresses lost less than $100, with an average loss under $10. Forty-three addresses lost over $100,000, totaling more than $15 million in losses. On the winning side, most addresses profited less than $100, with an average profit under $5. Large gains were primarily from a handful of traders; 54 addresses gained over $100,000, collectively profiting more than $22 million.
Trump Agrees to Include Ethics Clause in CLARITY Act
According to an industry source, President Trump has agreed to incorporate an ethics clause into the CLARITY Act. Another source stated that the bill's text could be released as early as Monday evening, but it is more likely to be delayed, adding that the longer the wait, the greater the chance it gains bipartisan support.
Hyperliquid HIP-4 to Support Permissionless Deployment of Outcome Markets, Up to 50% Fee Split
Hyperliquid stated that HIP-4 will enable permissionless deployment in a future network upgrade, first on testnet, then mainnet. Similar to spot and token deployment, HIP-4 technology requires thorough testing in a validator deployment environment before expanding to permissionless deployment. The staking requirement for HIP-4 deployers is 500,000 HYPE. If market definitions are unclear, settlements do not comply with template rules, or remain unsettled for over a week, validators may vote to slash the stake.
Like HIP-3, deployers' stakes will be locked for six months. To unstake, deployers must settle all markets. HIP-4 deployers will be able to set a fee split of up to 50% on deployed markets, with fee configuration features rolling out as a subsequent function.
Industry News
Removing Section 604 from CLARITY Act Could Subject Non-Custodial Developers to Bank Secrecy Act
Industry groups Coin Center and the Blockchain Association had listed Section 604 as a key provision for protecting open-source innovation. The clause aims to prevent non-custodial blockchain developers, node operators, and validators from being classified as federal money transmitters.
CertiK's Head of US Government Affairs, Stefan Muehlbauer, stated that removing Section 604 could conflate software development with financial services, subjecting developers to the Bank Secrecy Act and triggering constitutional challenges related to the First Amendment.
Iran's Foreign Ministry Confirms Receipt of Mediator's Proposal, Details Not Disclosed
On July 20 local time, Iranian Foreign Ministry Spokesperson Baghaei confirmed at a press conference receiving a proposal from mediators but declined to reveal details. Additionally, Baghaei strongly condemned the US military's attacks on Iranian medical centers, bridges, and other infrastructure.
Russian State Duma to Hold Final Reading of Crypto Regulation Bill on Tuesday
The Russian State Duma will hold the second and third readings of the cryptocurrency regulation bill on Tuesday. The bill, titled "On Digital Currency and Digital Rights," includes rules for investors and regulations regarding cross-border payments.
The bill proposes restrictions for non-qualified investors, including an annual cap of 300,000 rubles (approximately $3,800) for purchasing cryptocurrencies through a single intermediary and a cap of 100,000 rubles for transfers abroad. Qualified investors would have a purchase limit of 3 million rubles and an overseas transfer limit of 1 million rubles.
Hong Kong Exchange Considers Extending Stock Trading Hours, Abolishing Lunch Break
The Hong Kong Exchange is considering extending stock trading hours and abolishing the lunch break. In response, HKEX stated that it is always committed to enhancing Hong Kong's competitiveness as an international financial center and is currently researching several measures to improve market convenience, including extending trading hours. However, the current priority is studying the proposal to extend trading hours for the derivatives market, not stock trading hours.
In its Q2 2026 Security and Compliance Report, Hacken stated that institutional investors are expanding their due diligence scope from smart contract audits to continuous monitoring, signer control, and incident response preparedness. Among the 1,427 projects tracked, only 9% had third-party monitoring, and only 4% had monitoring, active bug bounties, and security audits simultaneously. The report showed that of the approximately $764 million stolen in Q2, 88.3% involved compromised keys, signers, and infrastructure.
Project News
From January to June 2026, approximately $200 million in wagers on the Polymarket platform were flagged as exhibiting characteristics of suspected insider trading, primarily concentrated on geopolitical events such as the Iran conflict and the situation in Venezuela.
The results of the online lottery draw showed 7,702,207 winning numbers, each winning number entitling the holder to subscribe to 500 shares of CXMT A-shares. All 10,907 validly quoted placing objects managed by 285 offline investors subscribed offline as required by the Prospectus. The effective offline subscription quantity was 123,822,210 thousand shares, of which Class A investors effectively subscribed for 107,837,530 thousand shares, accounting for 87.09% of the total effective offline subscription quantity. Class B investors effectively subscribed for 15,984,680 thousand shares, accounting for 12.91%.
Last week, in an interview, Circle President Heath Tarbert addressed questions regarding CRCL's stock price drop from $260 to $62. Tarbert stated at the time that the company is focused on long-term development and that if they succeed in building the infrastructure for a full-stack internet platform, the stock price will reflect this in the long run.
However, Circle's Form 4 filings show that since his first sale of CRCL in June 2025, Heath Tarbert has sold CRCL a total of 10 times, cashing out approximately $30.77 million, without any subsequent purchases.
Tether Gold Recognized by Abu Dhabi Global Market as Accepted Spot Commodity
Stablecoin issuer Tether announced that its gold-backed token, Tether Gold (XAU₮), has been recognized as an "Accepted Spot Commodity" by the Abu Dhabi Global Market (ADGM), opening the door for compliant entities within the ADGM to offer services related to XAU₮.
Fundraising
AI Security Startup Neo Raises $100 Million Led by a16z and Bessemer Venture Partners
AI security startup Neo announced it has raised $100 million in funding led by Andreessen Horowitz (a16z) and Bessemer Venture Partners, with participation from Craft Ventures and Merlin Ventures.
AI Infrastructure Startup Infinity Raises $15 Million, Touring Capital and Others Participate
AI inference infrastructure startup Infinity announced it has raised $15 million in funding, valuing the company at $100 million. Investors in this round include Touring Capital, Principal VC, and researchers from organizations like OpenAI and Anthropic. The company is developing a universal inference library that allows different AI chips to automatically replicate cutting-edge AI research results and enhance hardware performance through software optimization.
People & Quotes
Bitmine Chairman Tom Lee stated that the company's recent pace of ETH purchases has slowed due to concurrent large-scale stock buybacks. However, it has maintained a weekly rhythm of buying ETH since launching the ETH Treasury Strategy on June 30, 2025. Bitmine repurchased approximately 5.5 million common shares over the past week, with an average repurchase price of $15.6156 per share. This stock buyback is expected to enhance shareholder value. Additionally, Bitmine's proprietary staking business generated a yield of 2.67% (annualized) over the past seven days, and it will continue to strengthen its digital asset treasury strategy by expanding its ETH reserve and staking income.
Coinbase CEO Brian Armstrong responded to recent controversy surrounding a change in his X profile picture and the perception that the Base community was "unsupported," thanking the community for their feedback and acknowledging a lack of clarity in communicating expectations. He stated that users should not interpret content on his personal X account as investment advice or signals for individual tokens. He clarified that he posts content he finds interesting or amusing online and may not even be aware if the content is associated with a particular token or project. He stressed that his tweets and profile picture changes do not represent an endorsement of or commitment to any project.
