Strategy has released a new Bitcoin banking adoption index covering 25 major global institutions and their Bitcoin-related service offerings. Fidelity ranked first with a 71% adoption score, followed by BNY at 46% and Goldman Sachs at 45%. JPMorgan, Morgan Stanley, and Citigroup each scored 43%. The index measures Bitcoin-related adoption across trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%. Scores for the remaining institutions ranged from 13% to 38%, including Wells Fargo at 38%, Banco Santander and Société Générale at 35%, and Charles Schwab and TD Bank at 32%.

SoSoValue data showed that HYPE spot ETFs recorded total net outflows of $3.9304 million on July 13 U.S. Eastern Time. The only fund to post outflows that day was the Bitwise Hyperliquid ETF, trading under the ticker BHYP, with the full $3.9304 million in net redemptions. Despite the one-day withdrawal, BHYP's historical cumulative net inflow stands at $127 million. As of press time, total net assets across HYPE spot ETFs were reported at $328 million, while the HYPE net asset ratio was 2.32%. Historical cumulative net inflows for HYPE spot ETFs reached $305 million, according to the same dataset. The figures were cited by ChainCatcher in a market update based on SoSoValue statistics.

U.S. equities sold off after two developments hit markets at once: President Donald Trump announced a new maritime blockade tied to the Strait of Hormuz, and Federal Reserve Governor Christopher Waller said the Federal Open Market Committee could consider tightening policy soon if core inflation rises again this week. The Nasdaq dropped 1.55% and closed below its 50-day moving average, while the Philadelphia Semiconductor Index sank 4.78%. WTI crude jumped nearly 10%, spot gold briefly fell below $4,000, and Bitcoin dropped more than 3%, at one point slipping under $62,000. Chip stocks led the decline. Nvidia fell 3.52%, Broadcom lost 3.98%, AMD dropped 4.21%, and SanDisk slid more than 12%. SK Hynix’s U.S.-listed ADR fell more than 9%, while its Seoul-listed shares tumbled 15.37%, the biggest one-day drop on record. Apple stood out in the opposite direction, rising 0.71% to $316.91 and touching an all-time intraday high. The report said markets are now focused on Wednesday’s CPI release. CME data cited in the piece showed the implied probability of a July rate hike had climbed to nearly 50%, while the 10-year real yield rose to 2.34%, the highest level since April last year.

Cap founder Benjamin apologized after controversy over the reduced Stabledrop allocation and laid out the project’s explanation in detail. He said the team had committed too early to an 11 million airdrop before funding was fully secured. After market conditions changed, fundraising came in below expectations, shrinking the actual airdrop pool to 4.2 million. Benjamin said the team then replaced its planned linear distribution with a temporary restructuring model designed to preserve principal but offer no profit for early YT holders, with the goal of ensuring that no participant takes a loss. He added that the rule applies equally to all wallets. Addressing community criticism around a whale wallet suspected of internal score farming, Benjamin said the address belongs to a former colleague rather than the team itself and that no treasury funds were used. He also said the Cap protocol remains healthy and argued that the TVL drop seen over the weekend was mainly driven by a spike in USDM borrowing rates on Aave on MegaETH, which pushed arbitrage traders to exit, rather than by the airdrop dispute. According to him, all redemptions were processed smoothly.

Standard Nuclear has filed for an initial public offering with the U.S. Securities and Exchange Commission, seeking to raise as much as $383.25 million. The Tennessee-based nuclear fuel developer plans to sell 18.25 million shares at $18 to $21 each, implying a post-listing valuation of up to $3.55 billion at the top end of the range. The company, headquartered in Oak Ridge, focuses on TRISO advanced nuclear fuel used in next-generation reactors, microreactors and small modular reactors. According to the filing details cited in the report, net proceeds will be used for working capital, general corporate purposes, and potential acquisitions or investments in complementary businesses, technologies or assets. The report also said Standard Nuclear expects to list on the New York Stock Exchange in mid-July under the ticker STDN. Its underwriting group includes BofA Securities, Goldman Sachs, Barclays and UBS Investment Bank. Financially, the company reported quarterly revenue of $593,802 for the period ended March 31, up 57% from a year earlier.

Coinbase CEO Brian Armstrong said publicly on X that Base’s creator-token push did not work and that the network changed course earlier this year, according to The Defiant. Responding to a user, Armstrong wrote that the effort failed, called it a mistake, and said it was time to move on. The admission marks a clear break from a strategy Base had backed for more than a year around creator-linked “content coins.” The main platform tied to that push, Zora, has seen its ZORA token fall about 95% from its all-time high in August last year, with market capitalization dropping from roughly $800 million to about $30 million. Armstrong also pushed back on criticism that Base’s current emphasis on AI agents is just another trend chase. He said the network’s roadmap has consistently prioritized trading, payments, and agents, describing the three as closely connected. Base’s March 2026 roadmap highlighted global markets, stablecoin payments, and AI agents, while Coinbase introduced the x402 protocol for autonomous agent payments and launched Coinbase for Agents with Microsoft, Google, and Mastercard.

Gate’s latest market data showed gains across several commodity benchmarks, led by crude oil. WTI crude rose 1.99% intraday to $79.94 a barrel, while Brent crude climbed 1.27% to $85.06. Precious metals also moved higher, with gold at $4,004.15 per ounce, up 0.05%, and silver at $57.455 per ounce, up 0.88%. Crypto-linked volatility gauges were higher as well. The nBVIX, a BTC volatility index, was quoted at 39.4, up 3.85% on the day. EVIX, the ETH volatility index, stood at 52.37, also up 3.85%. In foreign exchange, USD/CNH was unchanged on the day at 6.78457, and USD/JPY was also flat at 162.381. Among major equity benchmarks, the Euro Stoxx 50 rose 0.42% to 6,236.92, while the UK100 fell 0.49% to 10,443.8 and Germany’s DAX40 slipped 0.21% to 24,896.1. Gate said its TradFi offering supports direct trading of traditional financial market products on the platform, including precious metals, foreign exchange, global stock CFDs, key indexes, and commodities, with the feature integrated into both its app and web platform.

Metaplanet has completed its acquisition of Siiibo Securities and launched a new subsidiary, Metaplanet Securities, according to Techub News. The business holds a Type I Financial Instruments Business license from Japan’s Financial Services Agency and is set to develop bitcoin-backed bonds and digital credit products. Metaplanet acquired the Tokyo-based broker for 2.1 billion yen and plans to work with JPYC and Progmat to build a digital credit ecosystem. The company said it will use its bitcoin reserves as credit-enhancement collateral for regulated, yen-denominated bitcoin-backed yield products aimed at investors. Product design and the timeline for issuance are still under review.