A broad sell-off hit altcoins, with many tokens down as much as 5% in the past hour alone.

Kraken and Maple have launched an on-chain warehouse financing facility aimed at bringing traditional structured-credit protections to crypto-backed lending. The facility will be denominated in USDC and is intended to support Kraken’s over-the-counter lending business. It is designed to let institutional clients borrow against BTC and ETH rather than selling their holdings.

RLUSD is continuing to expand in usage and market capitalization, reaching $1.6 billion on CG. The token’s growth comes alongside Ripple’s push to broaden availability in key markets.

One metric has stayed deeply negative since the sharp price correction that began in mid-May. The reading points to bitcoin trading cheaper on Coinbase than on Binance over the period.

About 120,000 traders have been wiped out over the past 24 hours as crypto liquidations continue to climb. The selloff has pushed liquidation totals above $500 million.

Bitmine said it bought 52,203 ETH for approximately $90 million over the past week. The company’s holdings have reached 4.7% of Ethereum’s total supply, putting it 94% of the way toward its goal of owning 5%.

Bitcoin has fallen nearly 50% from its October peak above $126,000 and is trading below $65,000. Analyst Michaël van de Poppe said BTC is holding the 200-week moving average and is “refusing to drop deeper,” arguing that sell pressure remains limited despite multiple negative headlines. He cited the Iran conflict, concerns around STRC tied to Strategy’s fundraising for additional BTC purchases, spot Bitcoin ETF outflows, and renewed inflation alongside a lack of Fed rate cuts. Van de Poppe added that holding above the $60,000 support suggests the downturn may be largely finished.

XRP ETFs have avoided a weekly loss for nearly two months. HYPE ETFs have not posted a single negative week since launching.

Franklin Templeton has filed for two ETFs that would invest in U.S. stocks and use the dividends from those holdings to buy BTC. The proposals outline a structure in which dividend payments are directed into bitcoin purchases. The filings come as spot bitcoin ETFs have logged consecutive weekly net outflows.