U.S. spot Bitcoin ETFs recorded $231 million in net outflows on June 29, while spot Ethereum ETFs saw approximately $30 million in net outflows.
Bitcoin remained below $60,000 as persistent ETF outflows, expectations of tighter Federal Reserve policy and renewed tensions between the United States and Iran weighed on risk appetite.
The UK Financial Conduct Authority finalized capital, market-abuse and stablecoin rules for crypto firms, with mandatory authorization beginning in October 2027.
The passage of the U.S. CLARITY Act before the November midterm elections remains uncertain due to disagreements over ethics rules, developer protections and stablecoin yields.
Tokenization platform Securitize received approval for its merger with Cantor Equity Partners II and is expected to begin trading on the New York Stock Exchange under the ticker SECZ on July 2.
BitMine acquired another 27,084 ETH, raising its holdings to 5.7 million ETH, equivalent to approximately 4.7% of Ethereum’s circulating supply.
Bitcoin is trading around $59,600, while Ethereum is trading around $1,593.
The Fear and Greed Index stands at 15, indicating extreme fear in market sentiment.
