- Bitcoin trades near $63,418 as total crypto market cap rises to $2.18 trillion.
- T. Rowe Price launches TKNZ, the first active multi-token crypto ETF on NYSE.
- Crypto.com raises $400 million from Citadel Securities at a $20B valuation.
Bitcoin traded near $63,418, down 1.85% over the past 24 hours while Ethereum also fell 3.90% to trade around $1,846, up 4.42% weekly. XRP held near $1.08, Solana slipped to $74.96, and Hyperliquid’s HYPE token dropped 9.03% to $60.36 after a 11.28% weekly decline.
Total crypto market capitalization stood at $2.18 trillion, down 1.76% over the past day. The Fear & Greed Index read 32, still in “fear” territory, while the Altcoin Season Index held at 48.
Trending Searches Today
Zano led trending searches with a 2.3% daily gain, while Hyperliquid’s HYPE token drew heavy search interest despite falling 8.9% on the day, and ZIGChain held roughly flat with a 0.4% decline. The pattern suggests traders were watching HYPE closely for a potential bounce even as the token sold off sharply intraday.
Q2 Data Shows a Structural Shift in Trading Activity
CoinGecko’s Q2 2026 report showed total crypto market cap fell 12.6% during the quarter to $2.1 trillion by June’s end, with stablecoin market cap posting its first quarterly decline since Q3 2023, down 1.6% to $305.1 billion.
Centralized exchange spot trading volume dropped 27.9% to $1.95 trillion, with May marking a monthly low of $620 billion, while perpetual futures volume fell 10% to $12.7 trillion. Prediction market volume bucked the trend entirely, rising 48.7% quarter-over-quarter to $113.8 billion.
ETF Market Sees a Notable First
T. Rowe Price launched TKNZ, the first actively managed multi-token spot crypto ETF, on NYSE Arca with about $15 million in initial assets and a 0.75% management fee. The fund’s initial allocation leans toward Bitcoin at 40.75%, followed by Ethereum, BNB, Solana, XRP, and a notably large 6.45% weighting in Hyperliquid, which Bloomberg’s Eric Balchunas called “low on Bitcoin and high on most others, especially HYPE.”
Institutional Capital Keeps Flowing
Crypto.com secured a $400 million strategic investment from Citadel Securities at a $20 billion valuation, marking the exchange’s first institutional funding round in its ten-year history. Visa launched its Stablecoin Platform, aiming to bring stablecoin payment and settlement tools to its roughly 15,000 financial institution partners and more than 200 million merchants, supporting both the new OUSD stablecoin and existing assets like USDC and USDG.
JPMorgan said Strategy’s rebuilt cash reserves, now covering roughly 20 months of preferred dividends, along with positive inflows into Bitcoin futures, are encouraging signals for Bitcoin’s outlook even as spot ETF flows remain volatile week to week.
Clarity Act Nears Its Final Stretch
Lawmakers continued pushing toward a floor vote before the August recess, with Trump set to meet Republican Senators Bernie Moreno and Cynthia Lummis alongside White House staff to resolve ethics provisions tied to his family’s crypto holdings. Senator Ruben Gallego reiterated that Democratic votes depend on strong ethics language, while Blockchain Association CEO Summer Mersinger called the issue the “crucial link” to passage.
Trump Addresses Election Security
President Trump used a Thursday White House address to focus on election security, repeating his disputed claim that the 2020 presidential election was stolen from him and stating there are “catastrophic vulnerabilities” in the US election system.
The claim that the 2020 election was stolen has been rejected by courts, election officials of both parties, and federal security agencies.
Security Incidents and On-Chain Activity
Solana lending protocol DefiTuna disclosed a roughly $580,000 exploit tied to a vulnerability in its lending pool, which it said has since been patched. Separately, the wallet behind BonkDAO’s earlier $21.2 million governance exploit moved another $4.11 million in BONK to Binance, as the token remained down 28% since the incident ten days earlier.
Related: U.S. Senate Unanimously Opposes Clemency for Sam Bankman-Fried
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