Bitcoin has fallen below $60,000, reaching its lowest point since October 2024, amid a broader cryptocurrency market downturn. This decline is attributed to a confluence of factors including record outflows from U.S. spot Bitcoin ETFs, totaling nearly $4 billion over 12 consecutive days, and significant liquidations of leveraged long positions, exceeding $1.7 billion in a single 24-hour period. Other cryptocurrencies like Ethereum have also experienced substantial drops, with ETH falling below $1,800 and hitting multi-month lows. Market sentiment is further impacted by geopolitical tensions, a shift of capital towards AI stocks, and technical breakdowns signaling potential for further declines. Despite these pressures, some analysts suggest the market bottom may be near, while others predict continued bearishness through Q2 2026.

Dogecoin is showing signs of a potential breakout, with one analyst predicting a rally to $0.5 based on a repeating 2024 pattern and a descending triangle formation, while the cryptocurrency currently trades at $0.09377. In parallel, Paxos has integrated Dogecoin into its regulated brokerage platform, expanding its reach to hundreds of millions of users. Meanwhile, XRP is experiencing significant growth in tokenized assets on its ledger, surging from $900 million to nearly $4 billion in five months, driven by energy and government securities tokens. The SEC has also identified digital assets as a strategic priority in its new 5-year plan, aiming to provide regulatory clarity. However, CME Group CEO Terry Duffy warns of potential disaster from regulated crypto perpetual futures due to high leverage.

Decentralized finance (DeFi) platforms are facing significant security challenges, with multiple protocols experiencing substantial exploits. The Gravity Bridge protocol lost $5.4 million due to a suspected signing key compromise, while Circle blacklisted $12.6 million in Zama protocol funds. Aave is overhauling its listing standards after a $292 million exploit involving forged cross-chain messages, with a coalition of DeFi protocols contributing $300 million to restore liquidity. North Korean hackers are reportedly laundering $220 million from the Kelp DAO exploit, and Fluid lost $215,000 due to key control issues. These ongoing breaches, which saw nearly $600 million lost in April alone, are hindering institutional investment in DeFi, according to banking executives.

Several cryptocurrency exchanges are expanding their offerings to include traditional financial assets and advanced trading tools. Binance is now providing over 7,000 U.S. stocks and ETFs to non-U.S. users, allowing fractional trading starting at $5 and settling trades in USDC, with plans to tokenize these equities. Kraken's parent company, Payward, is launching xStocks to offer tokenized access to U.S. IPO shares for retail investors in over 100 countries, aiming to provide exposure at the offering price. Meanwhile, Moomoo is enhancing its platform with advanced crypto trading tools, including charting and an algorithm builder, and expanding its crypto services to more U.S. states. Bitget has also integrated tokenized stocks and ETFs as collateral for its futures trading.

MicroStrategy's stock experienced a significant drop of 9.15% on Tuesday, nearing a 52-week low, as Bitcoin prices fell below $67,000. The company sold 32 Bitcoin for $2.5 million, marking its first net reduction in holdings since December 2022. This sale occurred amidst substantial outflows from U.S. spot Bitcoin ETFs, totaling $609.3 million in one session, with BlackRock's iShares Bitcoin Trust seeing the largest withdrawals. Analysts suggest these declines are influenced by macroeconomic factors and a shift in investor interest towards AI stocks and upcoming IPOs, rather than a loss of confidence in crypto assets. Coinbase stock also fell over 6% following a price target cut by Baird Equity Research.

Coinbase has achieved an all-time high in market share for Q1 and expanded its global reach with new offerings in India and derivatives trading. The exchange relaunched in India, enabling direct Indian Rupee deposits and withdrawals via the IMPS network, and is preparing to offer spot trading and perpetual futures. Meanwhile, Coinbase Ventures invested in Ethena, whose stablecoin USDe has surpassed $1 billion, potentially integrating its products to reach over 100 million users. In other institutional news, Anchorage Digital staked $110 million in ETH, and Bitwise's tokenized fund was approved on Aave. A new mortgage product backed by Bitcoin collateral has also been launched by Coinbase and Better Mortgage.

Mastercard is expanding its global settlement infrastructure to support on-chain settlement using regulated stablecoins, including Ripple's RLUSD, across eight blockchain networks with initial deployments in the US and Latin America. Visa, Stripe, and Coinbase are also involved in developing stablecoin infrastructure for cross-border settlements, aiming for 24/7 operations. Movement has secured licensed payment rails in the US, Canada, and EU for faster cross-border transfers. Meanwhile, New York and EU regulators will share stablecoin data to enhance supervision. Ripple's RLUSD has expanded to over 40 networks, with a market cap of $1.72 billion, and stablecoin payment volume on Paybis surged to 86% of total crypto volume in April 2026.

Cardano's ADA token has seen a significant price drop, reaching a five-year low of $0.1937, following co-founder Charles Hoskinson's announcement of taking a break and warnings about potential project failures due to unsustainable costs and weak market conditions. This downturn coincides with the cancellation of the 2026 Cardano summit after a community funding vote failed to secure the necessary two-thirds majority, with a revised proposal for 7.8 million ADA falling short. Several Cardano projects, including analytics platform TapTools, are winding down operations, with Hoskinson predicting further failures by late 2026. Despite these challenges, Cardano's stablecoin liquidity has surged by 61% in the past week, reaching $54.88 million, led by USDCx.

BitMEX co-founder Arthur Hayes predicts Hyperliquid (HYPE) will surpass Solana in market capitalization by the end of the current market cycle, reiterating a $150 price target for HYPE. Hayes has also made a $100,000 charitable bet on HYPE outperforming Solana and other top cryptocurrencies by year-end. Meanwhile, Phantom has generated over $20.6 million in revenue on the Hyperliquid decentralized exchange, accounting for a significant portion of builder program earnings and attracting a large user base. In other news, NFT marketplace OpenSea is reportedly integrating with Hyperliquid to offer perpetual futures trading, expanding into crypto derivatives where Hyperliquid holds a substantial market share.

Solana's blockchain is experiencing significant activity, with approximately $750 million in USDC stablecoin issuances reported across two separate events. This surge in stablecoin activity coincides with Solana's dominance in tokenized equity trading, capturing 97% of the market, and its perpetual decentralized exchanges reaching over $20 billion in weekly trading volume. Meanwhile, TRON has launched Hamilton Lane's tokenized Senior Credit Opportunities Fund, marking a move into institutional real-world assets. Security remains a focus, with a new proposal on the XRP Ledger targeting flash loan attacks. In other market news, Solana's SOL price is testing support around $78, while Bitcoin's recent $10,000 drop is driving interest in utility tokens like Solana Unchained ($UCHN). Chainlink's LINK token is consolidating near $9.10 amid a new partnership with Mastercard.

Crypto investigator ZachXBT has reported that projects have used derogatory terms to mobilize users for attacks on his social media posts, while also noting that exchanges like Binance and Gate.io have been blocked for unspecified reasons. Meanwhile, cryptocurrency prices are experiencing a downturn, diverging from gains in other markets like software stocks, despite record positioning in crypto. The Solana Foundation is highlighting the significance of onchain perpetuals, and Bitcoin's price action is described as volatile. ZachXBT has also addressed criticism regarding his investigation focus and a user's request for notification spam.

Authorities globally are intensifying their crackdown on cryptocurrency-related fraud and illicit activities. The U.S. Department of Justice has led a major operation, resulting in the seizure of approximately $701 million in crypto assets and the freezing of over $3.8 million tied to scam networks, which also saw the disabling of 1.4 million online accounts and seven arrests in Thailand. Separately, Singapore Police, with Chainalysis, blocked over $4.2 million in potential scam losses, aiding more than 145 victims. In Chile, an $88 million crypto laundering ring linked to the Tren de Aragua cartel was dismantled. Meanwhile, Texas regulators have halted an alleged crypto pyramid scheme, and a South African court has ruled Bitcoin is capital.

The U.S. Senate Banking Committee has advanced the CLARITY Act, a bill aimed at establishing market structure rules for digital assets, with a 15-9 vote, moving it towards a Senate floor vote before the July 4 recess. Concurrently, the Blockchain Association is urging the Senate to reject a retail Central Bank Digital Currency (CBDC), arguing it threatens financial privacy and the stablecoin ecosystem, while supporting the CLARITY Act for private stablecoin regulation. In Europe, an ECB board member suggested a digital euro is the best response to stablecoins, warning of U.S. financial dominance and risks to financial stability from private stablecoins. Meanwhile, UK Lords caution that overly strict stablecoin rules could render pound sterling tokens unworkable, urging reconsideration of reserve requirements. In bankruptcy news, the SEC is opposing a request to overturn a $24 million judgment against the bankrupt firm Bittrex, which could affect customer funds. Separately, institutional funds are accumulating Bitcoin on dips, viewing it as an attractive entry point for a long-term horizon, even as the crypto market lags broader risk assets.

Radiant Capital is ceasing operations following a $50 million hack in October 2024, attributed to a North Korean state-sponsored group. The protocol's total value locked has dropped to around $2.21 million, with its market capitalization under $2 million, though withdrawal functions will remain available. Separately, a white hat hacker recovered $2 million in ETH from a 2016 smart contract bug that had locked funds for nine years, enabling original investors to claim their assets. In other developments, Ethena is enhancing institutional crypto lending with Anchorage Digital, Sui experienced mainnet outages due to a gas bug and a randomness-state fault, 0x Protocol has opened its cross-chain API to all developers, and Sky has launched a fixed-rate yield product on Pendle.

Bitcoin's price has fallen below $67,000, marking a 5% drop to $68,700 and breaking a four-month ascending channel. This decline has triggered over $600 million in long liquidations and caused an average unrealized loss of 11.9% for Bitcoin holders. Whale transaction activity has surged to a six-week high, though their intentions are unclear. Meanwhile, EOS experienced an 11% drop amid the broader market selloff, and Galaxy Digital has received top ratings among crypto stocks despite Bitcoin's slip.

Veda is providing its decentralized finance (DeFi) vault infrastructure to developers building on Privy's wallet API network, aiming to accelerate the launch of on-chain yield products for fintech applications. Meanwhile, Strive has purchased an additional 2,500 Bitcoin for $185.2 million, increasing its total holdings to 19,000 BTC and planning further fundraising to buy more. In other developments, the Bitchat messaging app, built on the Nostr protocol, has reached 3 million downloads, signaling growing adoption of decentralized applications. Separately, USDT0 deposits and withdrawals are now live on the Tempo Layer 1 blockchain, promising sub-second transaction speeds for stablecoin payments. Concerns have also been raised about the EdgeX exchange following an investigator's report alleging insider control over its token supply.

Ripple has launched its USD-backed stablecoin, RLUSD, in Türkiye, aiming to tap into the country's approximately $200 billion crypto market. This expansion is facilitated through partnerships with local exchanges BiLira, Bitexen, and Bitlo, and leverages Wormhole's technology for multichain transfers across over 40 blockchains. Ripple seeks to provide institutional liquidity and a regulated digital dollar in Türkiye, positioning it as a leading adoption market. The stablecoin has already achieved a market capitalization exceeding $1.7 billion and is part of Ripple's broader strategy that also includes interest in the UAE.

Governments worldwide are grappling with cryptocurrency taxation, with the European Commission proposing a 0.1% tax on crypto transactions across the EU, potentially generating billions annually. In Israel, a voluntary disclosure program yielded significantly less than expected, with only 58 participants reporting about $50 million in assets. Meanwhile, Illinois has passed legislation for a 0.2% tax on crypto transactions, set to be collected by digital asset brokers starting in fiscal year 2027. These moves come as regulatory frameworks like the EU's MiCA are set to be implemented, prompting exchanges like Bybit EU to strengthen their European operations. A U.S. House panel is also considering new tax rules for digital assets.

NEAR Protocol has launched confidential payments on near.com and partnered with the Government of Bermuda to deploy AI-powered public services. The protocol also achieved over $19 billion in all-time volume on NEAR Intents and introduced dynamic resharding for scalability. Meanwhile, agentic payment activity on Coinbase's Base network has surpassed 100 million transactions, signaling progress in machine-to-machine payments. Separately, Arthur Hayes has exited his positions in HYPE token and NEAR Protocol due to macro and geopolitical factors, including rising energy prices and potential shifts in AI political stances. KuCoin Web3 Wallet has also integrated HIP-3, allowing access to both crypto and traditional finance perpetual markets.

Stellar's XLM token experienced a significant rally, surging nearly 30% to $0.2443, following the announcement that the Depository Trust & Clearing Corporation (DTCC) has chosen Stellar as its first public blockchain partner for tokenized securities settlement. The DTCC platform, which manages over $114 trillion in assets, is slated to begin tokenized asset launches in the first half of 2027. This strategic move builds on previous collaborations with Securrency, now DTCC Digital Assets, and draws from Franklin Templeton's existing use of Stellar for its tokenized funds. Stellar CEO Denelle Dixon described the integration as the 'moment Stellar was built for,' underscoring its importance for the network.