Analysis: MVRV Indicator Shows BTC Has a Better Entry Point Below $53,900

Binance announced it will add 10 bStocks tokenized securities as eligible collateral for Cross Margin, Portfolio Margin, and Portfolio Margin Pro, further expanding its margin trading support. The newly added assets include: 3x Long Korea ETF (KORUB), AXT (AXTIB), CoreWeave (CRWVB), Direxion MU Bull 2X ETF (MUUB), GraniteShares 2X Long MRVL ETF (MVLLB), Tradr 2X Long SNDK ETF (SNXXB), GraniteShares 2X Long INTC ETF (INTWB), ProShares UltraPro QQQ (TQQQB), Quantinuum (QNTB), and Oracle (ORCLB). Binance noted that corresponding bStocks trading pairs will support margin trading simultaneously. Eligible users can use these tokenized securities as collateral to expand their asset options in margin trading. Currently, these bStocks assets are only supported for use as collateral, with lending functions not yet available. The service is exclusively open to VIP 3 and above users in eligible regions.

South Korean crypto exchange Upbit announced that Zilliqa (ZIL) has been added to its "Transaction Attention" asset list, with trading pairs including ZIL/KRW and ZIL/BTC. In line with South Korea’s Virtual Asset User Protection Act, Upbit stated it detected potential unaddressed or unrepaired security risks—such as hacking incidents—in ZIL’s wallet or the distributed ledger it relies on for issuance, transmission, and storage, which could lead to user losses. The platform therefore decided to implement risk warning measures. The notice specifies ZIL’s transaction attention period runs from July 22, 2026 to the third week of August (August 17–21). During this review period, Upbit will assess relevant risks per its trading support termination policy, and may choose to extend the observation period, lift the warning, or terminate trading support entirely. Additionally, ZIL deposit and withdrawal services were suspended earlier. Upbit noted that if services are resumed in the future, withdrawals will be prioritized for restoration only; a decision on resuming deposits will be announced separately based on subsequent review results. Currently, new deposits cannot be credited, and all related deposit transactions will be refunded.

Google parent company Alphabet will hold its Q2 2026 earnings call at 4:30 AM Beijing time on July 23, with financial results to be released ahead of the call. According to Hyperinsight’s monitoring, ahead of the earnings release, an on-chain whale bought 2,978.2 GOOGL shares in pre-market trading, worth ~$1.041 million, at an average entry price of $349.5 — the only new seven-figure GOOGL position detected. As of press time, GOOGL is down 1.5% on the day at $349.6, with the whale’s entry price near the intraday low after the pullback. The whale holds this long position with 10x leverage, posting an unrealized profit of ~$186 and remaining flat. Its liquidation price is $82, leaving a ~76.5% downside buffer from current levels. The whale has no other positions besides this one. This address favors left-side trading, has repeatedly held semiconductor stocks including MU, SKHX, and SNDK, and typically trades short-term positions worth ~$1 million, with an average holding period of ~15 hours over the past week. Its past losses stem mainly from failed early bets on trend reversals. Related reading: Among the U.S. "Magnificent Seven" tech giants, Google will release its earnings first tonight; the whale that front-ran the long position is now sitting on nearly 40% losses. An unverified online rumor has reignited panic: the AI bubble is bursting, and Google may become the first large enterprise to cut AI spending. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as admin (enable message-sending permission) to automatically sync on-chain news.

According to Bitget market data, Brent crude oil futures prices have broken through $95 per barrel, marking the first such occurrence since June 11. Currently, Brent crude spot trades at $91.27, up 2.15% intraday; WTI crude stands at $88.76, with a 4.41% daily gain.

Sources say Kuwait plans to issue U.S. dollar bonds on Wednesday. Over the past two weeks, the country has been hit by daily missile and drone attacks from Iran. Kuwait has hired banks including Goldman Sachs and Citigroup to arrange a three-part deal with tenors of three, five, and ten years. Final terms, including bond size and pricing, may be announced later Wednesday. Kuwait is a key U.S. ally in the Middle East, and thanks to its vast oil reserves, it ranks among the world’s wealthiest nations. However, Iran has frequently carried out airstrikes on Kuwait in retaliation for U.S. and Israeli strikes, leaving the country’s economy under heavy pressure this year. In April, Goldman Sachs analysts estimated Kuwait’s fiscal deficit had surged to nearly 40% annualized, as the country was forced to suspend most oil exports due to the closure of the Strait of Hormuz. (Jinshi)

The Wall Street-favored "TACO" (Trump Always Chickens Out) trade is now gaining support from quantitative models. An analyst team from geopolitical advisory firm Signum Global Advisors used four indicators—Brent crude oil prices, U.S. 10-year Treasury yields, vessel traffic through the Strait of Hormuz, and the S&P 500 index—to predict Trump may adjust his hardline policy toward Iran by the end of July. The model shows Trump typically needs a sharp market move of 2.3 to 3.4 standard deviations to trigger a policy shift, with an average threshold of around 2.9 standard deviations. Based on current market trends, analysts say the "TACO moment" has not arrived yet but is approaching, with the earliest possible date being July 22, the latest no later than July 30, and July 26 marked as the highest-probability date. Ongoing U.S.-Iran tensions are currently driving up market pressure: Brent crude oil has topped $91 per barrel, and the average U.S. gasoline price has broken $4 per gallon for the first time since mid-June. Disruptions to shipping in the Strait of Hormuz, rising war costs, and U.S. military casualties are adding to political pressure on the Trump administration. Republican insiders warn that if oil prices stay high for a prolonged period, energy costs could become a risk factor in the midterm elections. Conservative figures note that when oil prices break $90 during a ruling party’s tenure, it significantly erodes voter support. Analysts believe Trump’s current tough rhetoric may partly aim to force Iran back to the negotiating table, but as the conflict drags on, the U.S. government will face greater policy pressure between "escalating further" and "reducing military pressure."