Digital assets moved higher over the past 24 hours, with most major tokens posting gains as market sentiment showed tentative signs of stabilization. Bitcoin rose 2.86% while Ethereum added 2.76%. Solana gained 6.36%, Cardano climbed 7.52%, and Celo led large-cap advances with a 15.32% jump. Smaller tokens also rallied, with AERGO up 23.18% and BASED and PIXEL each rising about 16%.
Despite the rebound, broader sentiment remains weak. Bitcoin is on track for its worst first-half performance since 2022, while the Crypto Fear & Greed Index recently dropped to 11, signaling “extreme fear.” The asset continues to struggle to maintain support above $58,000.
Robinhood expands into layer 2 infrastructure
Robinhood unveiled its layer 2 network, Robinhood Chain, built on the Arbitrum framework. The platform is designed to support tokenized stocks, perpetual contracts, and AI-driven trading while meeting compliance standards for real-world asset transactions.
Uniswap, Chainlink, and BitGo are among the initial partners. Uniswap plans to launch a dedicated automated market maker on the network, while additional participants such as Pleiades will provide liquidity infrastructure. The move signals growing efforts to merge traditional financial products with blockchain-based systems.
Tokenization gains traction with Securitize listing
Securitize is set to begin trading on the New York Stock Exchange under the ticker SECZ. Backed by BlackRock, the firm provides infrastructure for blockchain-based securities and has played a role in developing tokenized financial products.
The listing marks a milestone for the tokenization sector, offering traditional market exposure to on-chain real-world assets. The company previously reported $19.5 million in quarterly revenue for the first quarter of 2026, up 39% year over year.
Circle drops from major Russell indexes
Circle was removed from five major Russell Growth Indexes, including the Russell 1000 and 3000, following annual rebalancing. The change is expected to impact portfolios tracking these benchmarks and contributed to a sharp decline in the company’s stock, which fell about 17.55% and erased roughly $3.6 billion in market value.
Regulatory shifts reshape global crypto landscape
Regulatory developments continued across multiple regions.
- Tennessee banned cryptocurrency ATMs statewide starting July 1, joining Indiana and soon Minnesota, while Georgia introduced stricter transaction limits and reporting rules
- Spain approved Venga under the European Union’s MiCA framework, enabling operations across all 27 member states
- Iran signaled readiness to export oil globally, excluding Israel, though no timeline or volumes were disclosed
Network upgrades and stablecoin expansion
The Solana Foundation introduced Solana Governance Proposals, a new on-chain governance system allowing validators with at least 100,000 SOL staked to submit proposals. Measures require backing from 15% of total network stake to advance to voting.
Ripple outlined eight updates related to its RLUSD stablecoin, including integration into Mastercard’s settlement network and expansion into Turkey. The token now operates across multiple blockchains, targeting cross-border payments and exchange liquidity.
Ethereum positions itself as public infrastructure
The Ethereum Foundation published a policy framework presenting Ethereum as public digital infrastructure for government services. The report highlighted $76 billion in staked ETH as of March 2026 and pointed to pilot programs in Bhutan, Argentina, and India focused on identity systems and land records.
Funding activity continues across crypto startups
Venice AI raised $65 million in a funding round led by Dragonfly, reaching a $1 billion valuation. North Island Ventures, Coinbase Ventures, and Morgan Creek participated in the company’s first external funding round.
Techdollar secured $3 million in pre-seed funding backed by NoLimit Holdings and Reforge VC. The firm offers blockchain-based private credit, enabling technology shareholders to borrow against private equity holdings.
Outlook remains tied to macro conditions
Bitwise research head André Dragosch said Bitcoin could reach its market bottom earlier than October if macroeconomic conditions improve. A shift toward more accommodative central bank policy would likely be the key catalyst, as tight liquidity continues to weigh on digital asset markets.
For deeper context on rising tokens and shifting sentiment, explore our latest market insights in today’s crypto sentiment update.
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