DeFi’s total value locked (TVL) has steadily declined throughout 2026. It has fallen every month this year, dropping from around $115 billion in January to nearly $70 billion in June. The year-to-date decline stands at about 39%.

Bitcoin has reclaimed the $60,000 level, while ethereum (ETH) and solana (SOL) have recovered from earlier losses. AI-linked stocks also rebounded, signaling improved investor sentiment across both sectors. The moves suggest a broader risk-on tilt, with traders rotating back into growth and crypto assets.

The total crypto market capitalization slipped to $2.07 trillion as Bitcoin fell below $60,000. The drop set off $622 million in liquidations over the past 24 hours. Market sentiment also deteriorated sharply, with the Fear and Greed Index at 17, indicating “extreme fear.”

A joint investigation by blockchain analytics firm Elliptic and Thailand’s police has identified more than half a billion dollars in suspicious cryptocurrency transactions across Southeast Asia. The probe traced activity across 32 blockchains.

Ink is upgrading to OP Enterprise Fully Managed. Under the arrangement, Optimism will run Ink’s infrastructure while the Ink Foundation focuses on growing the ecosystem.

Optimism will operate Ink’s production infrastructure under a multi-year agreement, allowing the Ink Foundation to focus on growing the ecosystem and developing new financial products. Optimism said the setup is among the first cases of a major Layer 2 handing infrastructure operations to a managed provider.

DeFi protocols have lost roughly $45 billion in total value locked across all chains since January, as exploits and price declines weighed on the sector. CryptoRank data show DeFi TVL has fallen every month this year, sliding from about $115 billion to around $70 billion as of late June. The pullback has been broad-based, with only a small number of major chains posting gains.

The Ethereum Foundation has completed a months-long overhaul that included cutting about one-fifth of its workforce and reorganizing around new strategic priorities. The changes also come as the organization reduces its annual budget by about 40% and shifts toward a long-term, endowment-based funding model.

Large holders have stepped up activity in Ethereum, with a16z-linked and Bitmine purchases reported alongside additional staking by Sharplink. ETH was trading at $1,671.94 after a 1.09% daily drop and a decline of more than 20% over the previous month. ETF flows remained negative, with $346.39 million in outflows in June and $540.88 million in May. Supply distribution data suggests accumulation by the largest wallets and smaller cohorts even as some mid-to-large wallet groups reduced holdings, according to Santiment.

Solana co-founder Anatoly Yakovenko said he views the Ethereum Foundation’s staffing decision as bullish. Robert Kiyosaki has also continued to publicly accumulate ETH and put an Ethereum price prediction at $95K. The discussion comes as traders look to technical signals for what ETH may do next.