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The S&P 500 rose 0.38% and is on track for weekly gains, as cooling inflation boosts Fed rate cut hopes, despite new tariff concerns. Gold surged above $3,425 amid rising Middle East tensions and growing expectations of Fed rate cuts, as investors seek safe-haven assets. The Coindesk Indices, which tracks the broader crypto market, fell 7.20%, with Bitcoin and Ether down 1.79% and 6.13%, 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 SOLV, up 5.9% after SolvBTC unlocks DeFi liquidity with new USD1 lending market on Lista DAO.
Solv Protocol (SOLV), founded in October 2020, is an on-chain Bitcoin reserve that lets BTC holders earn yield by swapping BTC or WBTC for SolvBTC, which can be used in DeFi or staked via liquid staking tokens across chains. With $2.7B TVL, it bridges Bitcoin and DeFi for over 590K users. Solv Protocol has integrated with Lista DAO, enabling SolvBTC holders to use their tokens as collateral to borrow USD1, a stablecoin on BNB Chain. This unlocks new liquidity and utility for SolvBTC without requiring users to sell their BTC, enhancing DeFi opportunities for both Solv and Lista communities.
USDC is now live on the XRP Ledger, expanding its native support to 22 blockchains. Circle highlights its use for enterprise B2B payments, DeFi liquidity, and financial infrastructure apps, offering faster, more transparent settlement options.
Category | Flow (millions) |
GBTC | 5.9 |
Non-GBTC | (207.9) |
Total | (202.0) |
Yesterday, BTC spot ETFs saw total net outflows of $202 million, with GBTC posting a small inflow of $5.9 million while non-GBTC ETFs recorded $207.9 million in outflows.
TAC, a Layer-1 TON Adapter enabling EVM dApps on Telegram, is launching its Genesis Soulbound NFT collection on June 17–18. The 10,000-supply mint is priced at 30 TON and is non-transferable. Eligible EVM contributors can check and whitelist their wallets for potential perks, possibly including a future airdrop.