ENS DAO activates 8-member veto council after $20M BonkDAO attack

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[1] ENS DAO activates two-year veto council after $20M BonkDAO attack (https://crypto.news/ens-dao-activates-two-yea ...)[2] SECURING AMERICA’S DEFENSE SUPPLY CHAINS AND ENSURING (https://www.whitehouse.gov/presidential-actio ...)[3] Ethereum Name Service: activates its Security Council - 20 Jul 2026 - TradingView (https://www.tradingview.com/news/coinmarketca ...)[4] ENS DAO approves new eight-member security council with multisig authority for two-year term - Bitcoin World (https://bitcoinworld.co.in/ens-dao-approves-s ...)

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Jul 22 2026, 15:21

Dogecoin extends 65-day bearish streak as retail enthusiasm remains absent

**Dogecoin has closed below its 20-day moving average for 65 consecutive sessions, the longest such streak on record, signaling that retail investors have yet to return to the crypto market.** Dogecoin closed below its 20-day moving average for a record 65 straight sessions through July 21, falling 29.4% since the streak began May 18. The token traded at $0.0729 as of 10:00 UTC on July 22, sitting 0.8% below the 20-day moving average of $0.0735, according to CoinGecko data. "The crypto advance continues with my 40 name ecosystem index closing above the mid-June highs and Bitcoin just below," Jordi Visser, veteran Wall Street investor and founder of Visser Labs, said on X. "I am still looking for a true ecosystem breakout to need the energy from retail best seen from Dogecoin, which had a record 65th close below the 20-day moving average." The previous record of 57 consecutive days below the 20-day moving average occurred between January and March 2025, a stretch that saw Dogecoin decline more than 50%. The current streak has been less severe in magnitude but longer in duration, with the deepest pullback reaching 18% below the moving average. Visser tracks the Crypto Financial Rails 40 Equal-Weight Index, a basket of 40 crypto assets tied to financial infrastructure, which closed above its mid-June highs on July 21 while Bitcoin closed just below that level. The prolonged weakness points to a missing ingredient in the current rally: retail speculative energy. Visser's index has outperformed both Bitcoin and Dogecoin in 2026, suggesting the advance has been driven by institutional and infrastructure-related assets rather than the meme-coin enthusiasm that typically marks the final stages of bull cycles. Without that retail participation, the broader ecosystem breakout remains incomplete, according to Visser. ## Derivatives Data Shows Traders Stepping Away Derivatives volume fell 32% to $703 million, and open interest sits near multi-year lows at $1.11 billion, according to Coinglass data as of July 22. The decline in activity comes as price tests its most critical support zone near $0.0700. Long/short ratios on OKX stand at 4.88 and on Binance at 2.56, indicating the crowd is heavily positioned for a bounce that has yet to materialize. Long liquidations reached $847,000 in the 24 hours through 10:00 UTC against just $129,000 in short liquidations, confirming sellers remain in control at current levels. The Supertrend indicator remains bearish at $0.07977, a level price has not challenged since June. Every major exponential moving average sits stacked above as overhead resistance. ## Monthly Signal Flashes Potential Reversal Despite the bearish price action, trader Tardigrade flagged on X that Dogecoin's monthly Stochastic RSI has hit oversold, a setup identical to 2022 when the same signal preceded a significant rally. The indicator has never failed to produce a major move from this level, the trader said. Key levels to watch include $0.07394 as the first resistance at the 20-day EMA, followed by $0.07977 at the Supertrend level that would need to flip for any structural change. On the downside, $0.0700 serves as the demand-zone floor being tested repeatedly, with $0.0600 to $0.0580 as the next support zone if that level breaks. This article is for informational purposes only and does not constitute investment advice.

Jul 22 2026, 14:40

Bitcoin institutional selling hits 900-hour record as Coinbase Premium stays negative

Bitcoin's Coinbase Premium Index stayed negative for 900 consecutive hours as of July 22, the longest stretch in two years, a sign of sustained institutional selling pressure through the US exchange. "Negative Coinbase Premium for this duration suggests institutions have been consistently distributing into bid liquidity rather than accumulating," Rei Researcher, a contributor at CryptoQuant, said. The 900-hour mark — roughly 37.5 days — surpasses any negative streak since mid-2024. The metric tracks the price difference between Bitcoin on Coinbase, the primary venue for US institutional flows, and Binance's global platform. A sustained negative reading implies Coinbase buyers are consistently paying less than their offshore counterparts, a pattern historically tied to institutional distribution. The selling pressure has kept Bitcoin pinned near $66,000, roughly 48% below its October 2025 record above $126,000. The next test sits at $66,284, a Fibonacci level that aligns with the 200-period EMA on the 8-hour chart, according to CoinGecko data. A break above that opens a path toward $68,647, while failure risks a slide to $65,465. **On-Chain Signals Show Divergence** Despite the persistent Coinbase Premium weakness, other on-chain metrics tell a more nuanced story. The Momentum Whale Inflow Ratio, which tracks how aggressively large wallets push coins to exchanges, sank to a 2026 low, suggesting whale selling pressure has eased, according to CryptoQuant. Hodler Net Position Change, a Glassnode gauge of long-term holder accumulation, jumped roughly 47% to about 19,059 BTC on July 21 after hitting a monthly low the prior day. Binance, the world's largest exchange by volume, recorded a net outflow of more than 9,000 BTC on July 21 — the largest single-day withdrawal since November 2024, CryptoQuant data show. "Coins off exchanges are coins that won't be sold into the order book," Ruga Research, a CryptoQuant contributor, said. **ETF Recovery Remains Modest** US spot Bitcoin ETFs have posted two consecutive weeks of positive flows after an eight-week losing streak, but the recovery remains shallow. The 11 funds attracted about $273.1 million over the past two weeks — just 3.3% of the more than $8.2 billion withdrawn during the preceding selloff, according to Farside Investors data. Five consecutive positive sessions generated roughly $727 million of inflows, helping Bitcoin climb to a five-week high above $66,000. The limited scale suggests institutional demand has not yet returned to levels that previously drove Bitcoin above $100,000. BlackRock's iShares Bitcoin Trust, the market's dominant fund, absorbed the largest share of the earlier withdrawals. **What to Watch** The $66,284 level represents the immediate pivot. Above it, Bitcoin faces a concentrated supply wall near $67,000, where URPD data shows roughly 394,000 BTC — about 1.96% of circulating supply — last changed hands, per Glassnode. Clearing that zone opens a path toward $68,647 and a thinly defended area near $72,000. The nearest macro catalyst is the CLARITY Act, the US crypto market structure bill headed for a Senate vote in early August. A positive outcome could provide the demand trigger that on-chain data alone has not yet delivered. This article is for informational purposes only and does not constitute investment advice.

Jul 22 2026, 14:14

Ripple's 1 billion XRP unlock adds less supply than headline suggests

**Ripple unlocked 1 billion XRP from escrow on July 22, but the net supply increase will be far smaller than the headline figure.** XRP traded at $1.10 as Ripple released 1 billion tokens from escrow July 22, though the net supply increase will be far smaller than the headline suggests. "Ripple typically re-locks 60% to 80% of each monthly escrow release within days, leaving 200 million to 400 million XRP as the effective market supply," according to XRPScan data tracking the escrow contract's release and return patterns. The 1 billion token release follows Ripple's pre-programmed schedule that unlocks the same amount monthly from a smart escrow contract. Of the roughly 62.5 billion XRP in circulation, the company has released about 55 billion through this mechanism since 2017, with the majority returned to escrow. The XRP Ledger's burn mechanism has destroyed only about 14 million tokens total since inception, making supply growth almost entirely one-directional. The distinction between the headline unlock and the effective supply matters because XRP's persistent monthly issuance — 200 million to 400 million tokens — compounds in a market already short on buyers. XRP ETF inflows have fallen from $131.9 million in May to near zero in July, and new wallet creation on the XRP Ledger hit a nine-month low of 2,130 on July 11, according to XRPScan. Without the CLARITY Act to unlock institutional demand — which Polymarket traders price at 43% odds for 2026 passage — the supply overhang keeps XRP pinned near $1. Ripple's escrow system was designed in 2017 to create predictable supply visibility. Each month, 1 billion XRP unlocks from the smart contract, and the company returns most of it to a new escrow within days. The portion Ripple keeps — typically 200 million to 400 million tokens — goes toward partnerships and operational expenses through OTC distributions rather than exchange sales. Still, the cumulative effect is dilutive. With the full 100 billion supply scheduled to enter circulation over the coming years, the circulating supply grows by several hundred million tokens annually, while Bitcoin's supply is capped at 21 million with new issuance halving every four years. The supply dynamic is particularly acute now because demand has weakened. XRP is down about 70% from its July 2025 peak of $3.65, and the institutional buyers expected to absorb new supply have largely stayed on the sidelines. Spot XRP ETF inflows have stalled near $1.49 billion total, with almost no new money entering in July. The CLARITY Act, which would codify XRP's commodity status into federal law and potentially unlock institutional demand, faces a Senate floor vote before the August 7 recess. Its passage odds on Polymarket stand at 43%. This article is for informational purposes only and does not constitute investment advice.