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Crypto News Today (June 26): BTC Barely Holding $60K, Uniswap and Spark Launch FX Layer, Dubai to Launch Token Backed by Nasdaq ETF

Crypto News Today (June 26): BTC Barely Holding K, Uniswap and Spark Launch FX Layer, Dubai to Launch Token Backed by Nasdaq ETF

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In crypto information as we speak (June 26), BTC USD continues its battle to carry key help at $60,000, presently buying and selling round $60,200. Liquidations hit $1Bn over the previous 24-hours, with greater than $845M from lengthy positions.

Worryingly, ETF flows have change into extraordinarily bearish, as yesterday noticed $691M in Bitcoin outflows, coupled with Wednesday’s $469M flows, taking the two-day complete to over $1Bn, a worrying quantity of Bitcoin being offered, and a fundamental catalyst being current value motion throughout the market.

Whereas practically each main cap token is presently within the crimson over the previous 24 hours, OG cash in Bitcoin Money (BCH) and Litecoin (LTC) are two of the established initiatives within the inexperienced as we speak, every up a modest +0.5. Day by day buying and selling quantity has exceeded $105Bn, a rise of greater than $10Bn in contrast with yesterday.

With Bitcoin wanting unsteady simply above $60K, the Worry & Greed Index displays this shaky value motion, sitting at 13/100, down from 24/100 in the beginning of the week.

Crypto Information Immediately: Uniswap and Spark Launch FX Layer to Unify Stablecoin Liquidity

Uniswap and Spark have launched FX Layer, a unified liquidity community particularly designed for the stablecoin market. This initiative goals to simplify the method of swapping stablecoins issued by completely different suppliers whereas additionally getting ready the infrastructure for the anticipated arrival of a whole lot of latest issuers.

As a part of the launch, Spark will migrate round $150M in liquidity to Uniswap v4. The preliminary liquidity pool will characteristic USDS, USDT, and PYUSD, with plans for added stablecoin issuers to hitch over time.

In keeping with Spark CEO Sam MacPherson, the following part of the stablecoin market won’t concentrate on launching extra digital {dollars} however on constructing infrastructure that connects a whole lot of issuers inside a single ecosystem.

The builders anticipate that idle liquidity will generate yield till it’s utilized in buying and selling, whereas swaps between completely different stablecoins ought to change into quicker and extra capital-efficient.

Spark believes that because the variety of stablecoins continues to develop, the business will want infrastructure akin to the worldwide overseas alternate market, enabling liquidity to maneuver seamlessly between digital currencies.

Atlas of Dubai Getting into DeFi Area With Regulated ETF-Backed USAFi Token

In different crypto information as we speak, Atlas Capital Staff plans to launch USAFi, a regulated digital safety backed by a Nasdaq-listed ETF, within the third quarter of 2026. This venture marks a big shift for economist Nouriel Roubini, who has been a vocal critic of cryptocurrencies for a few years.

Atlas, together with its Dubai subsidiary, Atlas AI Labs, has developed a whitepaper that outlines USAFi and introduces a broader idea known as the “Technodollar.” This concept connects the way forward for dollar-based reserve property with synthetic intelligence, digital infrastructure, and tokenized monetary merchandise.

USAFi is predicted to be issued beneath the framework of Dubai’s Digital Belongings Regulatory Authority (VARA). Atlas has indicated that the token will adjust to VARA’s Asset-Referenced Digital Asset Rulebook, inserting it among the many extra superior regulatory techniques for digital property within the Center East.

The token is designed as an ERC-20 asset, which permits it to function throughout permissionless blockchain networks. It will likely be backed by the Atlas America Fund, an SEC-registered actively managed ETF listed on Nasdaq, with reserve property held on the Financial institution of New York.

Atlas is presenting this construction as a way of linking institutional collateral to decentralized finance. The goal is to keep up the portability and 24-hour accessibility of on-chain property whereas making certain that the token is supported by regulated reserves, relatively than pushed solely by speculative demand.

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Alex Ioannou

Alex Ioannou

On-Chain Journalist

Alex is a seasoned cryptocurrency dealer and market analyst with over seven years of lively expertise within the digital asset area. Since coming into the markets in 2017, Alex has specialised in figuring out rising “meta” developments and high-volatility narratives. Notably, Alex…
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