Bitcoin traded near $62,755, down 0.62% over the past 24 hours but still up 6.29% for the week, while Ethereum held around $1,751, down slightly on the day yet up 10.10% weekly. XRP traded near $1.09, Solana stood at $78.61, and Hyperliquid’s HYPE token held above $67, up 3.60% for the week.
Total crypto market capitalization stood at $2.16 trillion, down 0.86% over the past day. The Fear & Greed Index read 27, still in “fear” territory, while the Altcoin Season Index held at 48. The average crypto RSI eased to 43.66, leaning toward the oversold side of neutral.
Crypto futures liquidations reached roughly $476 million over the past 24 hours, with about 99,400 traders forced out of positions. Short liquidations accounted for the larger share at $294 million against $181 million in longs, with Binance recording the heaviest liquidation volume among exchanges.
The US launched a new round of airstrikes against Iran and revoked a general license permitting Iranian oil sales, further straining a ceasefire already tested by recent attacks on commercial vessels in the Strait of Hormuz.
US officials described the latest strikes as four to five times larger in scope than a round conducted ten days earlier, while wind-down transactions for existing oil sales will be permitted only until July 17. WTI and Brent crude both rose more than 2% intraday following reports of a tanker incident in the strait.
ZEC climbed more than 12% and briefly reclaimed $500 for the first time since early June, after Zcash founder Zooko Wilcox said developers are close to completing a mathematical proof that the upcoming Ironwood shielded pool contains no undetectable counterfeiting vulnerability. The token had plunged over 40% in two days last month after a similar flaw was disclosed in the existing Orchard pool.
SEC Chair Paul Atkins released the agency’s 2026 regulatory agenda, pledging clearer rules for crypto custody, capital raising, and on-chain securities trading. The agenda includes plans to amend broker-dealer liquidity and custody rules for crypto assets and to propose a temporary registration exemption for token issuers as soon as this month, marking the SEC’s first major rulemaking push in the space.
BlackRock announced plans to launch an iShares Nasdaq-100 ETF on July 9, undercutting Invesco’s long-dominant QQQ on fees and ending its 27-year hold on the category, according to Bloomberg’s Eric Balchunas.
Separately, wallets suspected to belong to BitMine received 40,000 ETH worth about $71.62 million from Kraken and FalconX, while Vanguard confirmed it has created a first-ever head of digital assets role to evaluate tokenization and stablecoin strategy, though the firm said this does not signal an imminent product launch.
The Coinbase Bitcoin premium index stayed negative for a 50th consecutive day, its longest streak on record, typically signaling weaker US buying pressure relative to global markets. Market maker Wintermute described Bitcoin’s recent rebound as a “textbook bounce” rather than a structural shift, citing easing macro conditions and a dovish Fed tone as sufficient explanations without need for a larger narrative.
TAC Protocol collapsed roughly 91% after 18 wallets dumped 372 million tokens on-chain, a pattern researchers compared to two recent similar token crashes. Coinbase said it will suspend trading for IDEX, LRC, OMNI, PIRATE, and FIS on August 8, while adding Grvt to its listing roadmap.
AI legal startup Norm raised $120 million led by Khosla Ventures at a $1.2 billion valuation, while crypto exchange EDX Markets closed a $76 million Series C led by SBI Holdings. Tether invested $20 million in Brazilian platform Mercado Bitcoin to expand on-chain financial services across Latin America.
Related: Coinbase Brings Equities and Derivatives to UK Users via New License
