24 Hour Crypto Recap: Here’s What Happened in the Market

• Bitcoin climbs to $61,292 as total crypto market cap rises to $2.13 trillion.
• BlackRock transfers over 20,000 BTC to Coinbase across four consecutive days.
• US June payrolls miss forecasts, but unemployment falls to 4.2%, a yearly low.

Bitcoin traded near $61,292, up 0.80% over the past 24 hours, while Ethereum outperformed with a 4.22% daily gain to trade around $1,698, extending its weekly gain past 10%. XRP rose to $1.08, and Solana led the majors with a 2.46% daily rise and nearly 18% over the past week, trading near $81. Dogecoin added 2.82% to hold above $0.074.

Total crypto market capitalization stood at $2.12 trillion, up 1.09% over the past day. Sentiment stayed mixed, with the Fear & Greed Index at 22, still in “fear” territory, while the Altcoin Season Index read 48, showing Bitcoin remains the dominant driver of market performance.

Roughly $585 million in crypto contracts were liquidated over the past 24 hours, according to CoinGlass, with more than 130,000 traders affected. Short positions accounted for the bulk of losses at around $400 million.

Institutions Continue Heavy Accumulation

BlackRock transferred another 4,917 BTC to Coinbase, bringing its four-day total to 20,359 BTC, worth roughly $1.22 billion. A wallet linked to venture capitalist Tim Draper also moved 1,000 BTC, worth about $61.82 million, to Coinbase Prime. Separately, Riot Platforms deposited 500 BTC worth roughly $30.72 million to NYDIG as part of its ongoing sales.

Crypto-focused Erebor Bank is in talks for a new funding round targeting a valuation of at least $8 billion, nearly double its level from late last year, as deposits surged to $4.05 billion over the past three months.

Tokenization Push Gains Momentum

Ondo Finance launched SEC-compliant tokenized products tied to BlackRock’s IVV ETF and Micron shares, using a third-party custody framework the SEC issued earlier this year. Securitize became the first company to list simultaneously on the NYSE and on-chain, launching tokenized shares on Solana and Avalanche alongside its Nasdaq debut.

Robinhood CEO Vlad Tenev said tokenized real-world assets, not meme coins, will define the industry’s next growth phase, following the launch of the platform’s Stock Tokens service. Robinhood Chain’s ecosystem TVL has already reached $38.79 million, led by Robinhood-native pools and Morpho.

Policy and Regulatory Developments

US nonfarm payrolls rose by just 57,000 in June, well below the 110,000 forecast, even as unemployment unexpectedly fell to 4.2%. SEC Division of Investment Management Director Brian Daly acknowledged the agency mishandled past crypto ETF approvals and said a more orderly review process is being developed for the roughly 200 applications it receives monthly.

Russia’s central bank confirmed the digital ruble will launch on September 1, while separately taking a cautious stance on stablecoins, framing them only as a supplement to CBDC-based settlement. In the US, a housing bill containing a four-year Fed CBDC ban awaits Trump’s signature, though he has tied it to passage of a separate elections bill.

Corporate and Legal Developments

JPMorgan warned that Strategy’s new Bitcoin sale policy introduces “avoidable two-way risk” to the market, given the company holds nearly 4% of total BTC supply. Trump defended his family’s crypto-related profits, calling reports of conflicts of interest a non-issue, while Ripple co-founder Chris Larsen was revealed to have backed a trading platform founded by a senator’s son involved in ethics negotiations over the Clarity Act.

Elsewhere, Humanity Protocol said it is pivoting toward enterprise AI products after a $36 million exploit tied to a phishing attack, and Ukraine placed seized crypto assets under state management for the first time, confiscating more than 8.3 million USDT linked to a hacking case.

Related: Robinhood Launches Robinhood Chain With Tokenized Stock Trading