Global markets were mixed Monday as US stocks reached record highs while European markets declined, with the Dow Jones (+0.63%), S&P 500 (+0.52%), and Nasdaq (+0.48%) all gaining on trade optimism after Canada suspended its digital services tax targeting US tech companies, reviving negotiations ahead of a July 21 deadline. European markets fell with the Euro Stoxx 600 (-0.42%) and FTSE 100 (-0.43%) declining in broad-based selling led by materials and energy sectors, while healthcare stocks faced pressure from regulatory investigations into GSK and Bayer's legal challenges. Major US banks rallied after passing Federal Reserve stress tests, with Goldman Sachs surging 2.45% to a record high, while Treasury Secretary Bessen warned initial tariffs could still be imposed despite ongoing negotiations. The US dollar continued its slide to 39-month lows as investors await key labor market data including Tuesday's JOLTS report and Fed Chair Powell's remarks, while President Trump pushes his $3.3 trillion tax bill through the Senate this week.
The global crypto market cap decreased 1.13% in the past 24h to $3.29tn, while the 24h volume increased 19% to $101bn.
Crypto liquidations increased 4.5% in the past 24h and amounted to $211.3m, with over 63% of them long positions. ETH positions lead with liquidations amounting to $56.42m, or 26.7% of all liquidated positions.
According to data from SoSo Value, Bitcoin ETFs recorded $102.1 million in net inflows on June 30, marking a significant deceleration from the previous session's $501.3 million as institutional buying momentum cooled heading into month-end. BlackRock's IBIT dominated with $112.3 million in inflows, more than offsetting a $10.2 million outflow from Ark's ARKB, while major providers including Fidelity's FBTC and Grayscale's GBTC recorded zero flows for multiple consecutive days. All Bitcoin ETFs posted solid gains around 0.8% as the cryptocurrency rallied, with total assets reaching $134.1 billion and cumulative net inflows hitting $49.0 billion since launch. Despite the daily slowdown, the ETFs capped a strong month with over $2.3 billion in net inflows across the final eight trading days of June, underscoring sustained institutional appetite even as individual daily flows became more volatile.
According to data from SoSo Value, Ethereum ETFs recorded $31.8 million in net inflows on June 30, moderating from the previous session's $77.5 million as month-end trading patterns emerged. Fidelity's FETH led with $25.7 million in inflows while BlackRock's ETHA contributed $6.1 million, as both Grayscale products—ETHE and ETH—recorded zero flows for consecutive days, suggesting continued stabilization of the redemption cycle. All Ethereum ETFs posted strong gains exceeding 4% as the cryptocurrency surged, with total assets climbing to $10.3 billion and cumulative net inflows reaching $4.21 billion since launch. Despite the daily slowdown, Ethereum ETFs showed improved momentum over the month with positive flows in five of the last seven trading days.
Stablecoin firm Circle applied for a US national trust bank charter that would allow it to manage its own reserves and provide crypto custody services, following its blockbuster IPO earlier this month that valued the company at nearly $18 billion.
Bitmine Immersion Technologies announced a $250 million private placement led by MOZAYYX with participation from Founders Fund, Pantera, and other major investors to establish Ethereum as its primary treasury reserve.
German banking giant Sparkassen-Finanzgruppe plans to offer crypto trading to its 50+ million customers by summer 2026 through its Sparkasse app, Bloomberg reported on Monday.
Spanish authorities arrested five people in connection with a cryptocurrency investment fraud scheme that defrauded more than 5,000 investors out of €460 million, marking one of the largest crypto investment scams in Spain's history, according to Europol.
REX Shares will launch the first US staked cryptocurrency ETF on Wednesday, the REX-Osprey Solana and Staking ETF, giving investors direct exposure to SOL with staking rewards, causing Solana's price to rally 6% to around $158 on the announcement.