
Binance's Weekly Net Outflows Triple to $1.23B
Binance saw $1.23 billion in net outflows in the week from June 29, up 207%, as ETH withdrawal transactions hit their highest daily count since March 2023.
Altcoins, ETH & general crypto

Binance saw $1.23 billion in net outflows in the week from June 29, up 207%, as ETH withdrawal transactions hit their highest daily count since March 2023.

XRP rose 5.3% to $1.18 on July 4, lifting its market value to about $73 billion and past USDC into fifth place, with Santiment's MVRV gauges at historic lows.

Bitcoin rose 1.4% on July 4 to clear $63,000, a two-week high, with ether up 11.5% and solana 13.2% over seven days in thin holiday trading.

Kraken opened 10 tokenized stocks and ETFs as collateral for margin and futures, with 10% to 30% haircuts and caps up to $1M. Not available in the United States.

June payrolls came in at 57,000 against a 110,000 forecast, moving the first Fed hike out to October. Bitcoin held near $61,600, with solana up 17% on the week.

On-chain data on July 3 put 10.83M BTC below their last traded price against 9.22M above it, the first such crossover this cycle, with bitcoin near $62,000.

Binance withdrew its Greek MiCA application and stopped serving EU users as the bloc's transitional period for crypto firms expired on July 1.

Memecore's M gained 81% on July 2 and TAIKO roughly doubled to $0.38 as the layer-2 reopened the cross-chain bridge it froze after June's $1.7M exploit.

Bitcoin rose 4% to $61,200 and the CoinDesk 20 gained 4.77%, with open interest and funding rates turning in a way June's brief rallies never did.

Securitize began trading on the NYSE as SECZ on July 2, a day after closing a roughly $400M SPAC merger with Cantor Equity Partners II.

Bitcoin bottomed at $57,735 on the first day of July, then a spot buying surge carried it back above $60,000, closing a first half down about 30%.

A new nonprofit backed by BitMine, SharpLink Gaming and Joseph Lubin takes on institutional outreach for Ethereum, days after the Foundation cut that work back.