📰 7.20 Crypto News Roundup

1. Betting on Spain to win the championship pays off: Polymarket’s 17 wallets made nearly $20 million

According to Polymarket data, in the “Spain wins the 2026 World Cup” market, 17 wallets combined generated profits of $19.8012 million (realized $6.6025 million, unrealized $13.1986 million).

Top five:
1. asparagus2012: $2.9001 million
2. Allezpapa: $2.2617 million
3. Jsram: $1.9116 million
4. thesingularityisnear: $1.6968 million
5. wco26: $1.4335 million

17th place threshold: $535k.

2. Tether USDT faces a two-year compliance countdown: about 25% of reserves may not meet standards

One year since the GENIUS Act was signed, USDT’s outlook in the U.S. market remains uncertain. About 25% of reserves are still allocated to non-compliant assets such as precious metals, loans, and Bitcoin. Tether has launched USAT for the U.S. market, but usage remains low. Legal circles are divided on the compliance timeline, and implementation details have not yet been finalized.

3. Citi cuts Korea stock market rating to neutral, raises China to Overweight

Citi downgraded the Korea stock market from Overweight to Tactical Neutral, mainly due to sharp volatility in chip stocks and hopes to reduce exposure to AI themes. At the same time, it raised the “Rabbit Country” rating to Overweight, staying structurally bullish on AI themes.

4. Top 50 Meme coins on Robinhood Chain: 63% of traders are losing

Bubblemaps shows that among 164,538 traders of the top 50 Meme coins by market cap, 63% are in the red and 37% are profitable. There are 46 traders with profits exceeding $1 million.

5. A whale adds to its BTC long position, totaling $108 million

A certain whale continued adding over the past 50 minutes; its BTC long position has reached $108 million (1,662.5 BTC).