Crypto prices fell sharply as $BTC dropped below $59,000, $ETH
below $1,600, and futures liquidations reached $1.424 billion, signaling near-term deleveraging and fragile sentiment.
Macro conditions stayed mixed: U.S. growth and labor data were resilient and oil retreated, but PCE inflation remained elevated, keeping Fed tightening risk and liquidity uncertainty in focus.
Stablecoin and tokenization adoption advanced through Ondo’s 24/7 tokenized stocks, Circle-Nomura settlement plans, Chainlink FX settlement work, and rising cross-chain stablecoin usage.
below $1,600, and futures liquidations reached $1.424 billion, signaling near-term deleveraging and fragile sentiment.
Macro conditions stayed mixed: U.S. growth and labor data were resilient and oil retreated, but PCE inflation remained elevated, keeping Fed tightening risk and liquidity uncertainty in focus.
Stablecoin and tokenization adoption advanced through Ondo’s 24/7 tokenized stocks, Circle-Nomura settlement plans, Chainlink FX settlement work, and rising cross-chain stablecoin usage.