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Gate Research: Prediction Markets Cool After the World Cup Concludes, While Crypto Legislation Advances on Ethics Provisions

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2026-07-22 02:43:38
Reading Time: 3m
Last Updated 2026-07-22 02:46:54
Gate Research Daily Report: Over the past 24 hours, BTC and ETH gained 1.34% and 0.92%, respectively, with BTC reclaiming the $66,000 level. Improving risk appetite supported a broader market rebound, although inflation concerns driven by higher oil prices continued to limit upside momentum. NIGHT, ONE, and EPIC rose 35.13%, 21.17%, and 20.78%, respectively, fueled by narratives surrounding privacy, public blockchain infrastructure, and consumer applications. Progress was made on U.S. crypto ethics provisions. Meanwhile, UK Bitcoin treasury company Satsuma announced plans to sell its 668 BTC holdings and delist. Following the conclusion of the FIFA World Cup, open interest in prediction markets declined, with combined open interest across the two leading on-chain prediction platforms falling approximately 20% from the early-July peak of around $2 billion.
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