Crypto News Today (June 26): BTC Barely Holding $60K, Uniswap and Spark Launch FX Layer, Dubai to Launch Token Backed by Nasdaq ETF

In crypto information at present (June 26), BTC USD continues its wrestle to carry key assist at $60,000, at present buying and selling round $60,200. Liquidations hit $1Bn over the previous 24-hours, with greater than $845M from lengthy positions.

Worryingly, ETF flows have grow to be extraordinarily bearish, as yesterday noticed $691M in Bitcoin outflows, coupled with Wednesday’s $469M flows, taking the two-day whole to over $1Bn, a worrying quantity of Bitcoin being bought, and a primary catalyst being latest value motion throughout the market.

Whereas practically each main cap token is at present within the purple over the previous 24 hours, OG cash in Bitcoin Money (BCH) and Litecoin (LTC) are two of the established tasks within the inexperienced at present, every up a modest +0.5. Each day buying and selling quantity has exceeded $105Bn, a rise of greater than $10Bn in contrast with yesterday.

With Bitcoin trying unsteady simply above $60K, the Worry & Greed Index displays this shaky value motion, sitting at 13/100, down from 24/100 at the start of the week.

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Crypto News Today: Uniswap and Spark Launch FX Layer to Unify Stablecoin Liquidity

Uniswap and Spark have launched FX Layer, a unified liquidity community particularly designed for the stablecoin market. This initiative goals to simplify the method of swapping stablecoins issued by completely different suppliers whereas additionally getting ready the infrastructure for the anticipated arrival of a whole bunch of recent issuers.

As a part of the launch, Spark will migrate round $150M in liquidity to Uniswap v4. The preliminary liquidity pool will function USDS, USDT, and PYUSD, with plans for extra stablecoin issuers to hitch over time.

Based on Spark CEO Sam MacPherson, the subsequent part of the stablecoin market is not going to concentrate on launching extra digital {dollars} however on constructing infrastructure that connects a whole bunch of issuers inside a single ecosystem.

The builders anticipate that idle liquidity will generate yield till it’s utilized in buying and selling, whereas swaps between completely different stablecoins ought to grow to be sooner and extra capital-efficient.

Spark believes that because the variety of stablecoins continues to develop, the business will want infrastructure akin to the worldwide overseas alternate market, enabling liquidity to maneuver seamlessly between digital currencies.

Atlas of Dubai Getting into DeFi House With Regulated ETF-Backed USAFi Token

In different crypto information at present, Atlas Capital Workforce plans to launch USAFi, a regulated digital safety backed by a Nasdaq-listed ETF, within the third quarter of 2026. This undertaking marks a big shift for economist Nouriel Roubini, who has been a vocal critic of cryptocurrencies for a few years.

Atlas, together with its Dubai subsidiary, Atlas AI Labs, has developed a whitepaper that outlines USAFi and introduces a broader idea known as the “Technodollar.” This concept connects the way forward for dollar-based reserve belongings with synthetic intelligence, digital infrastructure, and tokenized monetary merchandise.

USAFi is predicted to be issued beneath the framework of Dubai’s Digital Property Regulatory Authority (VARA). Atlas has indicated that the token will adjust to VARA’s Asset-Referenced Digital Asset Rulebook, inserting it among the many extra superior regulatory methods for digital belongings within the Center East.

The token is designed as an ERC-20 asset, which permits it to function throughout permissionless blockchain networks. Will probably be backed by the Atlas America Fund, an SEC-registered actively managed ETF listed on Nasdaq, with reserve belongings held on the Financial institution of New York.

Atlas is presenting this construction as a way of linking institutional collateral to decentralized finance. The intention is to take care of the portability and 24-hour accessibility of on-chain belongings whereas guaranteeing that the token is supported by regulated reserves, relatively than pushed solely by speculative demand.

The put up Crypto News Today (June 26): BTC Barely Holding $60K, Uniswap and Spark Launch FX Layer, Dubai to Launch Token Backed by Nasdaq ETF appeared first on 99Bitcoins.

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