In today’s crypto news (July 2), Bitcoin sits at $58,600, down an additional -1.2% in the last 24 hours, as July continues to be bearish for crypto. However, there was a brief rally overnight, which pushed daily liquidations to $448 million, with $265 million coming from short positions, highlighting that the overleveraged bears were the biggest victims.
ETF flows are still bleeding heavily, yesterday saw another $296 million worth of Bitcoin sold across various products, with BlackRock’s IBIT ETF accounting for $219 million of that total. With IBIT selling over $2.1 billion worth of BTC over the past 10 sessions, the world’s largest asset manager is firmly in control of the current price action.
While almost all large-cap tokens are currently in the red over the past 24 hours, Stellar (XLM) and Cardano (ADA) are two of the largest projects in the green today, up +11% and +4.5% respectively. Daily trading volume continues to decline, currently at $75 billion, compared to $82 billion yesterday.
With the crypto’s brief overnight rally, the Fear and Greed Index climbed to 19/100, up from 11/100 yesterday, although most tokens have already retraced the move, which is likely to cause a return to single digits in the next update.
Crypto News Today: SOL USD Points to News of Record Network Activity
Solana continually sets new records for network activity and ecosystem revenue. However, broader weakness in the cryptocurrency market is preventing these strong fundamentals from translating into sustained price growth.
An important recent development is the launch of Solana Governance Proposals (SGP), a new on-chain governance system that allows validators and delegators to directly participate in decisions regarding the future of the network.
This initiative represents one of Solana’s most important steps towards greater decentralization and is expected to make the ecosystem more attractive to institutional investors.
Meanwhile, the network’s core indicators continue to reach new highs. Over the past 30 days, Solana has processed 3.77 billion transactions without voting, representing the highest monthly total in blockchain history.
Additionally, applications built on Solana generated $257 million in revenue during the second quarter, allowing the network to maintain its position as the leading Layer 1 blockchain in dApp revenue for the ninth consecutive quarter.
Despite these strong fundamentals, the SOL token has yet to see a significant rally. The main reason for this stagnation is the general weakness of the cryptocurrency market and the continued flight of institutional capital from digital assets.
THE TOKENIZATION TREND IS HARD TO IGNORE.
Volume of tokenized shares for June:
Solana: $3.31 billion (95.6% market share)
solana: So111111111111111111111111111111111111112 network processed on 40x the base volume and more… pic.twitter.com/t4Lq1mLwM0
– CryptosRus (@CryptosR_Us) July 2, 2026
Solana: $3.31 billion (95.6% market share)
Base: $81.0 million
BNB: $59.6 million
Ethereum: $2.0 millionCrypto hackers made nearly $76 million in June as attacks slow: sign of exhausted market?
In other crypto news today, hackers stole approximately $75.9 million in June in 40 major crypto incidents. According to blockchain security company PeckShield, this figure represents a 7.1% decrease from May, when losses totaled $81.7 million.
As The Block reported, the largest incident of the month was the Humanity Protocol exploit, which PeckShield said was worth $31 million. On-chain analyst Specter was the first to reveal that wallets linked to the project lost over $31 million on June 9.
However, Humanity Protocol’s own investigation later reported that the damage was closer to $36 million. The project’s founder, Terence Kwok, said the attack was the result of a compromised private key.
The second largest incident involved the $10 million Syscoin Bridge exploit. PeckShield noted that the attacker exploited a validation flaw, allowing it to create billions of unbacked SYS tokens without burning the corresponding assets.
Another notable victim was a bot associated with JaredFromSubway.eth, known for carrying out MEV sandwich attacks. PeckShield estimates that the bot itself was mined for $7.5 million.
Other significant incidents in June included attacks against Secret Network, Polymarket users, SecondFi and TESSERA, with losses ranging from $2.4 million to $4.67 million.
According to PeckShield data, hackers stole approximately $75.9 million from crypto projects in June in 40 separate incidents, a 7% decrease from May’s $81.7 million.
The greatest loss came to Humanity… pic.twitter.com/tNcFIoyoC8
— Crypto Banter (@crypto_banter) July 1, 2026
CRYPTO HACKS REACHED $75.9M OVER 40 INCIDENTS IN JUNE, LOWER COMPARED TO MAY!
The article Crypto News Today (July 2): BTC Can’t Recover $60,000, Solana Sets New Network Records, June Crypto Losses Exceeds $76 Million appeared first on 99Bitcoins.
