Bitcoin fell 2.49% to $104,500, breaking below its $107k cost-basis support with ETH dropping 6.6% to $3,500, while SOL slid to $158. Total crypto market cap declined 3% to $3.51 trillion amid accelerating ETF outflows and fading institutional demand.
Bitcoin ETFs recorded $186.51 million in outflows, all from BlackRock’s IBIT; Ethereum ETFs lost $135.76 million, while Solana ETFs bucked the trend with $70 million of fresh inflows.
Stablecoin inflows to Binance hit $7.3 billion, their highest level since December 2024, a potential early sign of cash flow returning to markets.
Long-term holders and whales continue to de-risk; however, exchange BTC balances dropped by 208,980 coins in the last six months, showing limited forced-sell pressure.
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.
