According to BlockBeats, on July 20, crypto KOL Anse published an article stating that although the market is currently in a correction phase, this cycle has several conditions that could drive large-scale retail investor participation.

Ansem points out that Solana is currently down about 75% from its all-time high, and Bitcoin is down about 50% from its peak, but industry infrastructure and user experience have improved significantly compared to the previous cycle, including a more mature mobile trading experience, more convenient cross-chain functionality, and lower barriers to entry for new users.

He stated that in this cycle, more high-quality developers are building projects by combining tokens and equity, while institutions are showing increasing interest in RWA (Real-World Asset), the regulatory framework related to the Clarity Act, and the crypto strategies of traditional technology companies such as Stripe and Robinhood.

Ansem believes that the surge in AI stocks over the past few years, along with the wealth effect created by Meme coins in the crypto market, is increasing market focus on short-term trading opportunities. Previously, some Meme coins have grown from nothing to reach market capitalizations of tens of billions of dollars, while currently popular Meme projects are still in a relatively low circulating market capitalization stage.

He stated that with the development of perpetual contracts, institutional-grade trading products, and the trading ecosystem for Meme coin and small-cap tokens, this cycle may attract both institutional investors and high-risk retail investors.

Ansem stated that if the team can successfully advance the mobile application rollout, it will further attract new users who previously had not entered the crypto market due to the complexity of the process, making this cycle one of the largest in terms of retail investor participation.

According to BlockBeats, on July 20th, blockchain detective ZachXBT reported that the cross-chain bridge project TeleSwap was suspected of suffering an attack worth over $735,000 on July 15th, 2026. However, as of now, five days after the incident, the project team has still not publicly disclosed any relevant information.

ZachXBT stated that the TeleSwap Bitcoin hot wallet stopped processing transactions shortly after the suspicious outflow of funds. Approximately two hours earlier, the attackers transferred the funds to Tornado Cash.

According to its disclosure, the addresses involved in the theft of funds include:

bc1pz95zv3qhpmt52yezs84a5zrddrk5jsxm8a60rln5kzlk06e87a3q8pf79l

0x2448cbaee50a67030692b7519a954e5550dc2718

0xfc5048fbba2f74ed482ffcd7663601f818c5bb47

0xf8706a51f8df01a71f408e50c901dd14916a12c7

The TeleSwap Bitcoin hot wallet address is:

bc1q5wnpn4k99wc587maaaa6eqnx27g4r6mduxg2s5

TeleSwap has not yet issued an official statement regarding the incident, and the cause of the attack and the status of fund recovery are still pending further confirmation.

According to BlockBeats, on July 20, Coinbase CEO Brian Armstrong responded to recent discussions surrounding the changes to his X account profile picture and the "insufficient support" from the Base community. He expressed gratitude for the community's feedback and acknowledged that he had previously failed to clearly communicate relevant expectations.

Armstrong emphasized that users should not regard the content of his personal X account as investment advice or token trading signals. He stated that the content he posts is mainly online content that he is interested in or finds interesting, and he may not know whether the content is related to a particular token or project. His profile picture and posts do not represent endorsement or commitment to any project.

In response to calls from the Base community for more support, Armstrong stated that Base's goal is to build financial services infrastructure supporting applications such as tokenized stocks, lending protocols, stablecoin payments, and Meme coin trading. He said he supports economic freedom but will not use personal accounts to "pump and dump" or promote any specific token.

Armstrong stated that Coinbase does have many tokens it hopes to list, but cannot support them all due to compliance and regulatory requirements; at the same time, the Base team will not promote specific projects or tokens to users.

He explained that Coinbase and Base currently support ecosystem development primarily through offline Base Batches events, developer funding programs, investments from Coinbase Ventures and the Base Ecosystem Fund, and integrating outstanding Base DeFi protocols into Coinbase products.

Armstrong stated that Coinbase will continue to favor projects that can create long-term user value, while emphasizing that his personal social media content is "not investment advice."