Glassnode’s Altcoin Cycle Signal is at 86, a level typically associated with altcoin season. CoinMarketCap’s Altcoin Season Index, however, is at 45, which still points to a Bitcoin-led market. The divergence reflects different methodologies: alts are “outperforming” mainly because they are falling less than Bitcoin, not because they are rising.

Hyperliquid’s total notional trading volume has fallen by roughly 50% since October. Over the same period, RWA trading via tradeXYZ has risen quarter over quarter and now accounts for about 30% of the total. The RWA expansion is cushioning the decline in overall activity, but it is not reversing it.

The Bank of England has dropped proposed per-user holding caps for systemic stablecoins. Instead, it plans a temporary £40B issuance cap per stablecoin. The change would allow individuals and businesses to hold systemic stablecoins without limits.

Bitget has launched Stock+, a feature that lets users buy US stocks using crypto that is converted into USDC. The exchange says users gain ownership of the underlying shares rather than a synthetic token. Shareholder rights, including voting, are exercised through Bitget’s platform. The rollout excludes the US, UK, EU, Canada, Australia, and a range of other markets.

A Japanese corporate pension fund for small and mid-size businesses plans to allocate 1% of its assets to cryptocurrencies in fiscal 2026. The fund manages about 21.3 billion yen ($136M) for roughly 1,200 companies. It describes the move as currency diversification rather than a return-driven bet. The exposure will be taken through a passive multi-crypto fund rather than direct token purchases.

CryptoQuant flagged a notable spike in ETH outflows from Binance in June 2026. The move drew attention as ETH traded near a key support zone. The data point is often read as coins moving off exchanges into cold storage or staking, according to CryptoQuant.

Morgan Stanley filed ETH and SOL ETFs with a market-low 0.14% fee. The filings set the annual sponsor fee at 0.14%.

Long-term holders now control a record 79% of Bitcoin’s supply. The shift suggests selling from speculative participants is fading, a pattern often described as “vanishing sellers.” It is being watched as a potential sign the market is moving toward a bottom.

Stablecoins’ share of the crypto market has nearly doubled, rising from 7.6% to about 15% since September 2025. The increase largely reflects a denominator effect: total market capitalization fell roughly 50% while stablecoin supply rose only 10.6%. On-chain indicators point to steady usage rather than a panic-driven rush of exchange deposits. Data from CryptoQuant’s stablecoin flow metrics also suggest stablecoins are gradually shifting from trading collateral toward payment and settlement use cases.