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.
THORChain’s history of centralization, security failures and questionable money flows is well documented. But are today’s critics getting the technical and legal arguments right – and are they applying the same standards to other major DeFi projects?
Three months after Kraken's parent closed its acquisition of the Hong Kong stablecoin card issuer, Reap is building out Mexico as a second hub and pitching AI agents as its next growth channel.
The launch gives a stablecoin native placement on up to 82 million US devices, though at launch users can only hold and send USDC, and the announcement does not say how they will get it into the wallet.
The basic agreement names the venture and splits ownership for the first time, leaving the US connectivity startup in control and its two Japanese shareholders as minority partners.
