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A sharp 13.6% drop saw Crypto.com Coin (CRO) fall to $0.07, making it one of the day's biggest movers. Solana (SOL) followed suit, plunging 13.1% to settle at $139.36. XRP saw a 9.7% drop and landed at $2.38. Binance Coin (BNB) closed at $570.37 after a 4.8% shift. Binance Coin (BNB) fell 4.8% to $570.37.
In a broader context, Ethereum (ETH) faced strong headwinds, slipping 14% over the past seven days.
Overall, the market reflected bearish sentiment, as multiple assets decreased in value.
Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.
Vitalik Buterin, co-founder of Ethereum, has said that approximately half of the network's stake supports an increase in the Ethereum Layer 1 (L1) gas limit.
Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, announced on X that the company’s bitcoin holdings increased by 6,220 BTC, resulting in a year-to-date yield of 20.8 percent for 2025.
Changpeng Zhao, founder of Binance, indicated that interest in altcoins might be on the rise as CoinMarketCap's Alt Season Index shows an upward trend.
Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.
Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.
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