24H Hot Coins & Headlines｜Only 54 Addresses Profited Over $100,000 in Polymarket World Cup Prediction; Trump Agrees to Include Ethics Clause in CLARITY Act (July 21)
- Core Insights: The market saw a modest overall uptick on the day, with performance diverging among trending coins; 66.7% of addresses in the Polymarket World Cup prediction market incurred losses, with profits concentrated among a few traders; the potential removal of key provisions in the US CLARITY Act has drawn industry attention, and Russia's crypto regulatory bill has entered its final review stage.
- Key Elements:
- Hot coins on CEXs broadly 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 are at a loss. Only 54 addresses have made over $100,000 in profit, with combined gains exceeding $22 million.
- Trump has agreed to include an ethics clause in the CLARITY Act. The bill could be released as early as Monday. The removal of Section 604 may subject non-custodial developers to the Bank Secrecy Act.
- The Hyperliquid HIP-4 proposal will support permissionless deployment of outcome markets. Deployers must stake 500,000 HYPE and can set a fee split of up to 50%.
- Approximately $764 million in crypto assets were stolen in Q2, with 88.3% of incidents involving vulnerabilities in keys, signers, or infrastructure security.
- Since June, Circle President Heath Tarbert has sold CRCL stock 10 times, cashing out approximately $30.77 million in total, with no purchases made, contrasting with his earlier statements about a "long-term share price."
- The Russian State Duma will conduct the final review of its crypto regulatory bill on Tuesday. It proposes setting an annual purchase limit of approximately $3,800 for non-qualified investors.
1. CEX Hot Coins
CEX Top 10 by Trading Volume & 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 List (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 List (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. On-Chain Top 5 Meme Coins (Data source: GMGN):
- REAL (Robinhood Chain)
- BUTTERCOIN (Robinhood Chain)
- NILF (Robinhood Chain)
- z (BSC)
- Pasteur (BSC)
Headlines
Among over 194,000 unique trading addresses on Polymarket's World Cup winner prediction market, nearly 130,000 addresses made incorrect predictions and realized losses, an 66.7% loss rate. Of these, 114,000 addresses lost less than $100, with an average loss under $10; 43 addresses lost over $100,000, totaling over $15 million in losses. On the profit side, most addresses earned under $100, with an average profit of less than $5. Substantial gains were mainly from a small number of traders, with 54 addresses profiting over $100,000, collectively gaining over $22 million.
Trump Agrees to Include Ethics Clause in CLARITY Act
According to an industry source, President Trump has agreed to include an ethics clause in the CLARITY Act. Another source stated that the bill text could be released as early as Monday evening but is more likely to be delayed. They added that the longer the wait, the more likely the bill is to gain bipartisan support.
Hyperliquid HIP-4 Will Support Permissionless Deployment of Outcome Markets, Up to 50% Fee Sharing
Hyperliquid stated that HIP-4 will support permissionless deployment in a future network upgrade, initially on the testnet, followed by the 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. Validators can vote to slash the stake if a market is poorly defined, the settlement does not comply with template specifications, or if settlement is not completed within a week.
As with HIP-3, the deployer's stake will be locked for 6 months. To unstake, the deployer must settle all markets. HIP-4 deployers will be able to set a fee split of up to 50% in their deployed markets, with fee configuration functionality to be introduced as a subsequent feature.
Industry News
Industry groups Coin Center and the Blockchain Association have listed Section 604 as a crucial 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 potentially triggering First Amendment constitutional challenges.
Iran's Foreign Ministry Confirms Receipt of Mediator Proposal, No Details Disclosed
On July 20 local time, Iranian Foreign Ministry Spokesperson Baghaei confirmed at a press conference that a proposal from the mediators had been received but declined to provide 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 Currencies and Digital Rights," includes provisions regarding investor rules and cross-border payments.
The bill proposes restrictions for non-qualified investors, including an annual limit of 300,000 rubles (approximately $3,800) for purchasing cryptocurrencies through a single intermediary, and a limit of 100,000 rubles for transfers abroad. For qualified investors, the purchase limit would be 3 million rubles, and the transfer limit abroad would be 1 million rubles.
Hong Kong Exchange Considers Extending Stock Trading Hours, Canceling Lunch Break
The Hong Kong Exchange is considering extending stock trading hours and canceling the lunch break. In response, HKEX stated that it is committed to enhancing Hong Kong's competitiveness as an international financial center and is currently studying several measures to improve market convenience, including extending trading hours. However, the current priority is studying the proposal to extend derivatives market trading hours, not stock trading hours.
$764 Million Stolen from Crypto Projects in Q2, 88.3% Involved Keys, Signers, and Infrastructure
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. Of the 1,427 projects tracked, only 9% had third-party monitoring, and only 4% had both monitoring, active bug bounties, and security audits. The report shows that out of the approximately $764 million stolen in Q2, 88.3% involved compromised keys, signers, and infrastructure.
Project News
Polymarket Exposed: ~$200 Million in Bets Over Six Months Show Signs of Suspected Insider Trading
From January to June 2026, approximately $200 million in bets on the Polymarket platform were flagged as having characteristics of suspected insider trading. The related trades were mainly concentrated on geopolitical events such as the Iran war and the situation in Venezuela.
The results of the online lottery show a total of 7,702,207 winning numbers, each allowing the subscription of 500 CXMT A-shares. All 10,907 validly quoted placement targets managed by 285 offline investors subscribed offline as per the issuance announcement requirements. The total valid offline subscription quantity was 123,822,210 million shares, of which Class A investors subscribed for 107,837,530 million shares, accounting for 87.09% of the total valid offline subscription quantity. Class B investors subscribed for 15,984,680 million shares, accounting for 12.91%.
Last week, Circle President Heath Tarbert responded in an interview to questions about CRCL's price drop from $260 to $62. Tarbert stated then that the company is focused on long-term development, and if it succeeds in building the infrastructure for a full-stack internet platform, the stock price will reflect that in the long run.
However, Circle's Form 4 filings show that since his first sale of CRCL in June 2025, Heath Tarbert has made 10 sales of CRCL, cashing out a total of approximately $30.77 million, with no record of any position additions.
Tether Gold Recognized by Abu Dhabi Global Market as Accepted Spot Commodity
Stablecoin issuer Tether announced that its gold token, Tether Gold (XAU₮), has been recognized as an "Accepted Spot Commodity" by the Abu Dhabi Global Market (ADGM). This opens the door for regulated entities within the ADGM to offer services related to XAU₮.
Funding
AI Security Startup Neo Raises $100 Million Led by a16z and Bessemer Venture Partners
AI security startup Neo announced a $100 million funding round led by Andreessen Horowitz (a16z) and Bessemer Venture Partners, with participation from Craft Ventures and Merlin Ventures.
AI Infrastructure Startup Infinity Raises $15 Million, Backed by Touring Capital and Others
AI inference infrastructure startup Infinity announced a $15 million funding round, 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 reproduce cutting-edge AI research results and enhance hardware performance through software optimization.
People & Perspectives
Tom Lee Responds to Slowing ETH Purchases: Pace Unchanged Due to Large-Scale Stock Buyback
Bitmine Chairman Tom Lee stated that the company's recent pace of ETH purchases has slowed due to a concurrent large-scale stock buyback. However, Bitmine has maintained its weekly ETH buying rhythm since launching the ETH Treasury Strategy on June 30, 2025. Over the past week, Bitmine repurchased approximately 5.5 million common shares at 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 7 days, and the company will continue to strengthen its digital asset treasury strategy by expanding its ETH reserve scale and staking income.
Coinbase CEO Brian Armstrong responded to the recent controversy surrounding his X account profile picture change and claims that the Base community felt "unsupported." He thanked the community for their feedback and acknowledged that he had not been clear enough in communicating expectations previously. Users should not interpret the content on his personal X account as investment advice or signals for specific tokens. He stated that his posts are simply sharing content he finds interesting or amusing, and he may not even be aware if the content is related to a specific token or project. He emphasized that his tweets and profile picture changes do not constitute endorsements or commitments to any specific project.
