The crypto market extended its decline on July 1. Total market capitalization slipped to $2.11 trillion, down 1.8% in 24 hours, with trading volume at $76.86 billion. Bitcoin (BTC) fell 2.18% to $58,494, while Ethereum (ETH) dropped 1.39% to $1,573.
Polymarket Coin Leads Gainers; Claude Soars 99,900%
Among top gainers, Polymarket Coin (POLY) surged 351.24% in 24 hours on $98 million volume. AI-themed Claude token skyrocketed 99,900% to $0.00001002, with volume of $173.4 million. MemeCore (M) rose 21.49%, Stellar (XLM) climbed 11.99%, and Synapse (SYN) added 12.33%.
On the losing side, INFINIT (IN) plummeted 46.51%, Celestia (TIA) dropped 9.06%, Ethena (ENA) fell 6.71%, and Aave (AAVE) declined 5.49%.
Fear & Greed Index Hits 11, Signaling Panic
Alternative.me's Fear & Greed Index slid from 15 on June 30 to 11 (Extreme Fear), down 63% month-over-month, reflecting a shift from cautious optimism to panic. Stablecoin market cap stood at $307 billion, down 0.3%; DeFi total value was $67.4 billion, down 1%, representing 4.4% of the global market.
Trump Earned $1.4B from Crypto; SEC Seeks ETF Comments
Donald Trump earned at least $1.4 billion from crypto ventures in 2025, primarily through World Liberty Financial, meme coins, and stablecoins, raising conflict-of-interest concerns. Massachusetts expanded its lawsuit against Kalshi for allegedly targeting under-21 users. The SEC requested public comments on new ETF structures to standardize approvals amid rising prediction market ETF filings.
Anza plans Agave v4.2 upgrade on August 17, targeting 200-millisecond block times and higher throughput. Phantom acquired Ventuals' founding team to expand perpetual trading. PumpFun suspended its Tokenized Agent feature. Aptos Labs joined Open Standard as a launch partner. Binance integrated Anchorage Digital's Atlas into its triparty banking network. Dutch prosecutors sought bankruptcy declaration for Knaken, leaving 30,000 users unable to access funds. Iran's leadership reportedly supports talks with the U.S. to unlock frozen funds, while the Revolutionary Guard prioritizes Strait of Hormuz control. Zcash nonprofit Sovright launched Argos to help users recover funds from discontinued ZEC Wallet Lite.