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The S&P 500 rose 0.52% Monday to a new all-time high, lifted by Big Tech gains and easing trade tensions. Futures edged lower Tuesday as investors awaited updates on US trade talks and potential Fed rate cuts. Gold rose modestly to $3,292 as the Dollar weakened ahead of US jobs data, though easing geopolitical tensions capped gains. Citi sees Q3 consolidation between $3,100–$3,500. The Coindesk Indices, which tracks the broader crypto market, fell 0.12%, with Bitcoin and Ether up 0.32% and 2.80%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is XRP, up 3.1% after the XRPL EVM Sidechain launch, unlocking Ethereum dapps in the XRP ecosystem.
The XRP Ledger (XRPL), launched in 2012, is a decentralized Layer 1 blockchain designed for fast, low-cost payments and interoperability. Developed by Ripple Labs, it supports over 6 million wallet holders and powers DeFi, payments, and tokenized assets. The newly launched XRPL EVM Sidechain introduces Ethereum Virtual Machine (EVM)-compatible smart contracts, enabling developers to deploy Ethereum-based dapps on XRPL at low cost. Connected via the Axelar bridge, the sidechain uses XRP as its native gas token and maintains XRPL’s efficiency while expanding developer access to its ecosystem.
Digital brokerage Robinhood is expanding its crypto offerings by launching tokenized US stocks and ETFs for EU users on Arbitrum, with plans to deploy them on its own Arbitrum-based Layer-2 blockchain. The initiative supports 24/7 trading, self-custody, and cross-chain bridging, while introducing perpetual swaps in the EU and crypto staking for ETH and SOL in the US. This move aims to create an all-in-one investment app, tapping into the $18.9T tokenized asset market projected by 2033.
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | (10.2) |
Total | (10.2) |
Yesterday, BTC spot ETFs saw a net outflow of $10.2M, all from non-GBTC funds, while GBTC flows remained flat.
FUEL redemption for DRIFT is now live. Eligible users with 20,000+ FUEL can claim their DRIFT tokens, with an optional Claim & Stake bonus airdrop for those who stake by July 13 and hold until September 27 (capped at 1,000 DRIFT). Final claim deadlines are November 14, 2025 (or 2026 for larger allocations).