Jul 25: Bitcoin Slides Below $64K as Bond Yields Raise Rate-Hike Odds

Market Snapshot

• Bitcoin (BTC): $64,073.62 (-1.39% 24h)
• Ethereum (ETH): $1,860.50 (-0.60% 24h)
• Solana (SOL): $74.13 (-2.24% 24h)
• ETF Flows: US spot Bitcoin ETFs saw $225M in net outflows on July 23, ending a seven-day inflow streak.

Top Stories

• Hyperliquid RWA Trading Surges to $25.1B, Outpacing All DEX Perps
• Bitcoin Slides Below $64K as Bond Yields Raise Rate-Hike Odds
• EU Targets $120B Russia Crypto Network in Sweeping 21st Sanctions Package
• Bitcoin ETFs Shed $225M, Breaking Seven-Day Inflow Streak Amid Iran Tensions
• Claude Opus 5 Outperforms Fable 5 on Most Benchmarks at Half the Cost

Key Takeaways

• Tokenized RWAs are now the dominant trading product on Hyperliquid, signaling a structural shift in DeFi markets.
• Macro headwinds—especially US rate hike expectations—are weighing on Bitcoin and broader crypto sentiment.
• The EU's aggressive sanctions package targets both traditional finance and crypto, with new tools to restrict cross-border flows.
• ETF flows remain volatile, with Bitcoin funds seeing sharp outflows even as Ethereum products attract new capital.
• AI model competition is intensifying, but vendor-reported benchmarks require independent validation before drawing conclusions.

What to Watch

The US Federal Reserve's policy decision next week will be pivotal for crypto and risk assets, as markets brace for potential September rate hikes. In Europe, watch for follow-up actions on the new sanctions package and any response from affected crypto platforms. On the AI front, independent benchmarking of Claude Opus 5 could clarify whether Anthropic's claims hold up—and set new standards for cost-effective, high-performance models in the enterprise space.