Onyx

2026-07-07 21:38:44

Onyxcoin Surges Over 50% as Spot Buying Jumps While Shorts Crowd In

Onyxcoin (XCN) rose more than 50% in 24 hours, supported by about $1.74 million in spot inflows, growing staking activity, and a record holder count. However, derivatives traders turned increasingly bearish, with funding rates at -4.5009% and open interest up over 200% to $6.35 million.

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Onyxcoin Surges Over 50% as Spot Buying Jumps While Shorts Crowd In
Crypto Fundin
2026-07-07 06:52:22

Crypto VC Funding Hit a One-Year Low in June as DeFi and RWA Gained Share

Crypto venture funding slowed sharply in June 2026, with both deal count and disclosed capital falling to their lowest levels in a year, according to RootData. The market recorded 58 financing events during the month, down 31.0% from May and 33.3% from a year earlier. Total disclosed funding came in at about $1.237 billion, a 58.3% month-over-month drop and a 56.9% decline year-over-year. Even as aggregate activity weakened, sector allocation shifted. DeFi’s share of monthly deals rose to 25.9%, up from roughly 20% in May, while RWA-related themes remained central across several of the largest transactions. Major deals included Digital Asset’s $355 million raise for Canton Network, SBI Holdings’ $289 million acquisition of Japanese exchange Bitbank, and Morpho’s $175 million token sale. Other notable financings went to trading, derivatives, on-chain data, compute, stablecoin payments, and prediction market infrastructure. The June pipeline suggests capital is becoming more selective, concentrating on institutional-grade financial rails, tokenization, and platforms with clearer monetization or integration paths.

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Crypto VC Funding Hit a One-Year Low in June as DeFi and RWA Gained Share