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Markets
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/01/2026

Jul 1: Sharplink Adds 10,000 ETH to $1.38B Treasury as ETH Trades 68% Below Peak

SEC Wins $5.5M Default Judgment in NanoBit Crypto Scam Case · BlackRock’s IBIT Sees $300M Outflow as Bitcoin Closes Weak Q2; Trump R · ETH ETFs Lose $345M as Price Nears $1.5K; Tokenization Remains a Brigh

Jul 1: Sharplink Adds 10,000 ETH to $1.38B Treasury as ETH Trades 68% Below Peak

Market Snapshot

Bitcoin (BTC): $58,576 (-2.11% 24h)  |  Ethereum (ETH): $1,575.08 (-1.23% 24h)  |  Solana (SOL): $73.65 (-1.05% 24h)

Notable: U.S. spot Bitcoin ETFs saw a net outflow of $231 million on June 29, with BlackRock’s IBIT accounting for $300 million of redemptions. Ethereum ETFs lost $345 million over the past two weeks, intensifying selling pressure as Q2 closed.

Top Stories

Key Takeaways

  • Institutional outflows from both Bitcoin and Ethereum ETFs intensified in late June, with BlackRock’s IBIT and U.S. ETH funds seeing the largest redemptions.
  • Corporate treasuries like Sharplink and BitMine are stepping in to accumulate ETH, but their purchases are not offsetting broader ETF-driven selling pressure.
  • Ethereum’s fundamentals—network fees and DApp revenues—are softening, but tokenized RWA growth remains a rare bright spot.
  • Regulatory enforcement against crypto scams is ramping up, with the SEC targeting new fraud typologies involving social engineering via messaging apps.
  • Market sentiment remains fragile, with both BTC and ETH trading near multi-month lows and equity markets drawing capital away from crypto.

What to Watch

Upcoming earnings from Microsoft (July 29) will shed light on broader tech sector risk appetite and AI infrastructure spending, which has recently diverted flows away from crypto. Watch for further ETF outflow data and whether ETH can hold above the $1,500 support level. Regulatory actions against crypto frauds may accelerate as enforcement agencies target new scam vectors.