Crypto's weekend gains gave way to a Monday selloff as Middle East tensions resurfaced, South Korea's Kospi lost 9.2% and $253 million in leveraged positions were wiped out.

  • Bitcoin fell 1% while LIT slid 8% in its first significant pullback after rallying 200% in two months as reignited Iran-U.S. tensions over the Strait of Hormuz weighed on risk assets, including equities.
  • Derivatives markets show $253 million in 24-hour liquidations skewed toward longs, though broader positioning remains measured.
  1. 1 Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat 14 minutes ago
  2. 2 Wikipedia blackout could hurt how AI engines like ChatGPT understand crypto 34 minutes ago
  3. 3 U.S., UK move to align rules for tokenized finance across world's largest financial markets 44 minutes ago
  4. 4 JPMorgan says Hyperliquid's rise threatens Circle's USDC economics 2 hours ago
  5. 5 Ethereum Foundation spinout EthSystems targets banks with blockchain privacy technology 2 hours ago
  6. 6 For pension funds, tokenization’s real play is balance-sheet management, Fidelity’s Lai says 3 hours ago
  7. 7 Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation 4 hours ago
  8. 8 U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes 4 hours ago
  9. 9 ECB picks firms including Deutsche Bank, Revolut for digital euro pilot 5 hours ago
  10. 10 Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants 5 hours ago

Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months

CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.

Why it matters :

CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.

For pension funds, tokenization’s real play is balance-sheet management, Fidelity’s Lai says

U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes

Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers

Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat

Wikipedia blackout could hurt how AI engines like ChatGPT understand crypto

U.S., UK move to align rules for tokenized finance across world's largest financial markets

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