“The outflows caught us off guard,” said a market analyst tracking ETF activity as Bitcoin spot ETFs experienced a significant withdrawal of $240 million, with BlackRock’s IBIT leading the charge at $212 million. Fidelity’s FBTC also contributed $27.9 million to the outflows. Ethereum ETFs saw their five-day inflow streak break with $70.6 million in net outflows, mainly driven by BlackRock’s ETHA pulling back $52.8 million. However, Grayscale’s Ethereum Mini Trust stood out, attracting $9.9 million in inflows despite the broader retreat. Smaller cap tokens continue to draw speculative interest, with DeXe surging by an impressive 152.7% in search trends over 24 hours, highlighting a market still hungry for risk amid caution.
Bitcoin hovered near $64,110, marking a 1.72% decline over the past day, while Ethereum traded around $1,860, down 0.78%. Other notable tokens like XRP sat close to $1.09, Solana slipped to $74.23, and Hyperliquid’s HYPE token eased to $57.41. The total cryptocurrency market cap declined by 1.24% to $2.19 trillion. The Fear & Greed Index dropped back into fear territory at 35, reflecting cautious sentiment. Meanwhile, the Altcoin Season Index rose to 55, suggesting investors are selectively reducing risk rather than pulling back completely.
Coinbase unveiled its largest leadership shuffle in recent years, amid its ongoing transformation. Chief People Officer Lawrence Brock is transitioning to an advisory role, Greg Tusar is shifting focus to policy, Chief Legal Officer Paul Grewal announced his resignation, and Jesse Pollak stepped down as the head of Base. This shake-up follows the company’s roughly 14% workforce cut in May as it pushes to become a full trading platform that covers crypto, stocks, and prediction markets.
Regulatory uncertainty looms as Galaxy Research lowered the odds of the Clarity Act passing in 2026 to about 30%, citing concerns over insufficient Senate votes and a shrinking legislative timeline. Some senators remain critical of the bill’s ethics and anti-money-laundering measures, while groups like Fidelity emphasize the need for clear regulations to maintain US leadership in digital assets. Meanwhile, security issues persist. Stablecoin payment infrastructure provider Triple-A lost over $9.3 million in a hot wallet hack, and Cross-chain protocol Across confirmed losses under $4 million after an exploit involved fake Solana deposits. These incidents continue to shows vulnerabilities within crypto infrastructure.
