[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202507211425376806348150.webp) - 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 Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team July 21, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves