- Market Commentary: On July 21, BTC entered a phase of high-level pullback and consolidation after a week of strong upward momentum. ETH remains in a strong upward channel, reaching a local high of around $3,780.
- Trending Tokens: Conflux (CFX) surged 88.52% on news of its “Public Chain 3.0” upgrade and participation in the Belt and Road RMB stablecoin pilot. Chainbase (C) jumped over 15%, driven by listings on multiple CEXs and a short-term volume spike. MemeCore (M) gained over 27% as trading incentives and the expansion of the MemeX ecosystem boosted user enthusiasm, breaking out of its previous consolidation zone.
- Alpha Highlights: Former President Trump signed the GENIUS Act, marking the enactment of the first U.S. federal regulatory framework for stablecoins. Abstract Chain surpassed 100 million on-chain transactions. Ethereum launched the “The Torch” NFT to commemorate its 10th anniversary, with minting open to the public on July 30.
- Gate Launchpool: Gate is now offering Taker (TAKER) staking through Launchpool. Users can stake GT or TAKER to earn a share of 2,400,000 TAKER airdrop rewards, available until 10:00 (UTC) on July 28, 2025. Taker is a protocol designed for the BTCFi ecosystem, integrating BTC derivatives like LSD and LRT to bridge Bitcoin assets with DeFi applications and unlock new utilities.
Discover more details today → Gate Research: GENIUS Act, the First U.S. Stablecoin Regulatory Framework, Officially Signed | Ethereum’s 10th Anniversary Commemorative NFT Set to Launch
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Gate Team
July 21, 2025
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