In crypto information as we speak (July 2), Bitcoin is sitting at $58,600, down one other -1.2% over the previous 24 hours as July continues to lean bearish for crypto. Nonetheless, there was a quick rally in a single day, which precipitated each day liquidations to spike to $448M, with $265M of that determine coming from quick positions, highlighting that overleveraged bears had been the most important victims.
ETF flows are nonetheless bleeding closely, with yesterday seeing an additional -$296M in Bitcoin offered throughout numerous merchandise, with BlackRock’s IBIT ETF accounting for $219M of that complete. With IBIT promoting greater than $2.1Bn price of BTC over the previous 10 classes, the worlds largest asset supervisor is firmly accountable for present value motion.
Whereas almost each main cap token is presently within the crimson over the previous 24 hours, Stellar (XLM) and Cardano (ADA) are two of the extra outstanding initiatives within the inexperienced as we speak, up +11% and +4.5% respectively. Day by day buying and selling quantity continues to say no, presently at $75Bn, down from $82Bn yesterday.
With the temporary in a single day rally throughout crypto, the Concern & Greed Index spiked to 19/100, up from 11/100 yesterday, though most tokens have already retraced the transfer, which is more likely to trigger a drop again towards single digits on the following replace.
Crypto News Today: SOL USD Spikes on News of Report Network Exercise
Solana is frequently setting new information for community exercise and ecosystem income. Nonetheless, broader weak spot within the cryptocurrency market is stopping these sturdy fundamentals from translating into sustained value development.
A big current growth is the launch of Solana Governance Proposals (SGP), a brand new on-chain governance system that permits validators and delegators to immediately take part in choices concerning the community’s future.
This initiative represents one in all Solana’s most vital steps in direction of better decentralization and is anticipated to make the ecosystem extra interesting to institutional buyers.
In the meantime, the community’s core metrics proceed to achieve new heights. Over the previous 30 days, Solana processed 3.77 billion non-vote transactions, marking the best month-to-month complete within the blockchain’s historical past.
Moreover, functions constructed on Solana generated $257 million in income in the course of the second quarter, permitting the community to keep up its place because the main Layer 1 blockchain by dApp income for the ninth consecutive quarter.
Regardless of these strong fundamentals, the SOL token has not but skilled a major rally. The first motive for this stagnation is the general weak spot within the cryptocurrency market and the continued outflow of institutional capital from digital belongings.
THE TOKENIZATION TREND IS HARD TO IGNORE.
June tokenized equities quantity:
Solana: $3.31B (95.6% market share)
solana:So11111111111111111111111111111111111111112 community processed over 40x Base's quantity and greater than… pic.twitter.com/t4Lq1mLwM0
— CryptosRus (@CryptosR_Us) July 2, 2026
Solana: $3.31B (95.6% market share)
Base: $81.0M
BNB: $59.6M
Ethereum: $2.0MCrypto Hackers Make Off With Practically $76M in June as Assaults Sluggish: Signal of an Exhausted Market?
In different crypto information as we speak, hackers stole roughly $75.9M in June throughout 40 main crypto incidents. In line with blockchain safety agency PeckShield, this determine represents a 7.1% lower from Might, when losses totaled $81.7M.
As reported by The Block, the most important incident of the month was the Humanity Protocol exploit, which PeckShield estimates accounted for $31M. On-chain analyst Specter was the primary to disclose that wallets linked to the venture misplaced over $31M on June 9.
Nonetheless, Humanity Protocol’s personal investigation later reported the harm to be nearer to $36M. Undertaking founder Terence Kwok said that the assault resulted from a compromised personal key.
The second-largest incident concerned the $10M Syscoin Bridge exploit. PeckShield famous that the attacker exploited a validation flaw, enabling them to mint billions of unbacked SYS tokens with out burning the corresponding belongings.
One other notable sufferer was a bot related to the handle JaredFromSubway.eth, identified for conducting MEV sandwich assaults. PeckShield estimated that the bot itself was exploited for $7.5M.
Different vital incidents in June included assaults on Secret Network, Polymarket customers, SecondFi, and TESSERA, with losses starting from $2.4M to $4.67M.
In line with PeckShield information, hackers stole roughly $75.9 million from crypto initiatives in June throughout 40 separate incidents, a 7% drop from Might’s $81.7 million.
The most important loss got here from the Humanity… pic.twitter.com/tNcFIoyoC8
— Crypto Banter (@crypto_banter) July 1, 2026
CRYPTO HACKS HIT $75.9M ACROSS 40 INCIDENTS IN JUNE, DOWN FROM MAY!The publish Crypto News Today (July 2): BTC Can’t Reclaim $60K, Solana Sets Fresh Network Records, June Crypto Losses Top $76M appeared first on 99Bitcoins.
