Digital assets sold off as higher Treasury yields renewed pressure on risk assets: Bitcoin traded at $84,383, down 2.1% over 24 hours, while Ether fell 2.4% to $2,684.51 and total crypto market value declined 2.27% to $2.96 trillion. Bitcoin briefly traded below $84,000, triggering $280 million in long liquidations; perpetual funding on OKX turned negative for both bitcoin and ether swaps, while XRP, Dogecoin and Hedera fell 5.8%, 8.3% and 9.9%, respectively.
The move reinforces that institutional crypto exposure remains highly sensitive to rates and broader liquidity conditions despite recent ETF demand, with leverage accelerating spot-market weakness when positioning reverses. Bitcoin also fell through the reported $86,000 ETF cost basis, reducing the near-term cushion supplied by recently profitable ETF holders. The durability of the selloff remains uncertain: a $15.6 billion Bitcoin options expiry on Friday may add hedging-related volatility, while the available data do not establish whether ETF demand will return strongly enough to offset profit-taking and macro pressure.
Canada’s six largest banks—RBC, TD, BMO, Scotiabank, CIBC and National Bank—are jointly exploring a Canadian-dollar tokenized-deposit network, with the first phase focused on transfers among participating institutions. The initiative places tokenized bank money, rather than public stablecoins, at the centre of an interbank payments experiment and could create a domestic institutional settlement rail if it progresses beyond exploration. Its commercial scope, technical design, regulatory treatment and timetable remain unspecified.
NYSE Group and Blockchain.com signed a preliminary agreement to explore distribution of tokenized U.S. stocks and ETFs to Blockchain.com users through NYSE’s planned digital trading platform, subject to regulatory approval; the arrangement also contemplates two-way distribution of stock and crypto market data. Separately, Ondo enabled approved institutions to mint tokenized U.S. stocks in kind through Alpaca using existing share inventory rather than separately funded cash issuance. Together, the developments indicate continued work on both exchange-led distribution and issuance mechanics, but neither establishes a live, broadly accessible tokenized-equity market.
MoonPay agreed to acquire North Capital in an all-stock transaction reportedly valued at more than $60 million, subject to regulatory approval. North Capital brings U.S. broker-dealer, trading and investment infrastructure, making the transaction a potentially material addition to MoonPay’s capacity to support tokenized securities rather than solely payments and crypto access. The final value, approval outcome and extent to which the combined entity deploys the infrastructure remain uncertain.