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Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/21/2026

Jul 21: Vietnam Cracks Down on Offshore Crypto Trading; Coinbase Opens to Mainland China

UK Lawmakers Launch Inquiry Into Crypto Banking Access · Bitcoin Stalls at $65K as Hedge Funds Dump Tech Stocks · Base Prepares to Launch 1:1-Backed Tokenized US Equities

Jul 21: Vietnam Cracks Down on Offshore Crypto Trading; Coinbase Opens to Mainland China

Market Snapshot

Bitcoin (BTC): $66,558.81 (+2.93% 24h)  |  Ethereum (ETH): $1,942.63 (+3.67% 24h)  |  Solana (SOL): $78.52 (+2.29% 24h)

Notable: Tokenized equities market TVL has reached ~$2.2B, reflecting rapid growth in real-world asset (RWA) tokenization.

Top Stories

Key Takeaways

  • Regulatory pressure is intensifying in Asia, with Vietnam targeting end users of offshore crypto exchanges and Malaysia’s investment climate complicated by geopolitical controversy.
  • Tokenized real-world assets (RWAs) are accelerating, as Base and competitors race to launch 1:1-backed tokenized equities, pushing TVL in the sector to ~$2.2B.
  • Banking access remains a chokepoint for crypto in major markets, with UK lawmakers scrutinizing whether blanket restrictions are stifling industry growth.
  • Bitcoin’s resilience at $65K amid heavy tech stock selling may signal a shift in its correlation to traditional risk assets, but macro risks loom.
  • Market recoveries in altcoins like Cardano (ADA) appear driven more by macro and BTC momentum than by project-specific catalysts.

What to Watch

Vietnam’s enforcement of its new crypto trading fines will be closely monitored after September 1, especially given the lack of licensed local exchanges. The launch details and regulatory structure for Base’s tokenized equities could set a precedent for the broader RWA sector. In the UK, the outcome of the APPG inquiry may influence future banking policy for crypto firms ahead of the country’s full regulatory regime in 2027. Finally, traders are watching whether Bitcoin can break above $65,000 resistance or if macro headwinds will trigger a deeper correction.