Bitcoin fell to $107,700 (-2.7%) on Tuesday, after failing to hold $110,000, as the total crypto market cap fell to $3.64 trillion.
Spot ETFs continue net redemptions: Ethereum ETFs −$146 million (third day of outflows) and Bitcoin ETFs −$40.47 million (fourth day of outflows).
Long-term holder (LTH) sales remain elevated; DATs and ETFs have absorbed much supply but cannot do so indefinitely with continued LTH distribution capping near-term upside.
Macro: Trump signs critical minerals/rare-earths deal with Australia, a strategic policy tailwind for mining and hardware supply chains, but trade friction with China is still a downside risk.
The Solana-based yield protocol has $500 million in liquidity and a delta-neutral strategy with four and a half years of trading history – but its CEO's bigger argument is about what most DeFi investors still fail to check before they deposit.
With $7 billion in stablecoin settlement already flowing through its network and new tools for AI agent authentication, Visa is positioning itself as the trust layer for an increasingly autonomous commerce landscape — without requiring banks or merchants to replace their existing systems.
The funding round — at a $2 billion valuation — is one of the largest institutional blockchain bets in years, and the participant list reads like a consensus view that Canton has won the privacy-preserving infrastructure race for regulated markets.
