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24 Hour Crypto Recap: Market Overview
The global crypto market cap fell 2.5% to $2.736 trillion over the past 24 hours, with Bitcoin trading at $79,809.96, down 1.6% on the day and down 3.8% over the past week. Ethereum changed hands at $2,309.73, down 2.7% in 24 hours and down 5.1% over seven days. BNB fell 1.2% to $738.64 but remains up 1.2% weekly. XRP declined 2.6% to $1.28, down 2.7% over the week. Solana dropped 2.2% to $100.53, down 5.0% over seven days. CoinGlass data showed $109 million in liquidations over 24 hours, with shorts at $63.4309 million and longs at $45.5046 million. The evmzone token led trending searches, down 20.6% to $0.01453. Bitcoin followed at $79,793.24, down 1.3%, and Quantus fell 6.1% to $72.61. Among top gainers, Big Titty Coin surged 114.8% to $0.02044, TronBank climbed 64.7% to $0.3055 and Pepina rose 50.7% to $0.03403. Franklin Templeton plans to launch an ETF that holds US stocks and reinvests their dividends in Bitcoin, targeting a 5% Bitcoin allocation. The South China Morning Post reported that Anchorpoint, a stablecoin joint venture led by Standard Chartered, plans to issue a retail stablecoin on a public blockchain. BNB Chain outlined a new L1 that will run alongside BSC through a native bridge. The new chain will use BNB for gas, staking and governance instead of issuing its own token. A testnet is planned by the end of 2026, with mainnet in early 2027. CZ described the design as multiple chains running on one token. Related: Senator Cynthia Lummis said the CLARITY Act now includes two Democratic requests. One cuts the annual Regulation Crypto fundraising cap from $75 million to $50 million, and the other adds a $200 million lifetime limit. California’s Department of Financial Protection and Innovation filed a letter opposing the SEC proposal. The department said the plan could weaken investor protection and limit state review of offerings.