Tension headache
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 13th July 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Bitcoin Funds Finally Notch A Weekly Inflow
Bitcoin’s price barreled ahead last week and the surge of momentum did not go unnoticed by investors. U.S.-listed spot BTC ETFs recorded an inflow of nearly $200M, according to Cointelegraph. That infusion snapped an eight-week streak of weekly outflows. Between Monday and Friday, the largest crypto, despite geopolitical and macro headwinds, climbed from $61K to $64K. It seems institutional confidence is growing, possibly because the CLARITY Act is seen as potentially poised to pass in August, Cointelegraph added.
Meanwhile, Decred spiked 23% in the past 24 hours, although it’s not clear why. Another high-flyer, fittingly enough, is Kite. Billed as an AI payments infrastructure project, Kite saw its native KITE gain 24% in the past day in part, seemingly, because of a new development involving direct settlements on the Base network.
What's down
Risk Assets Slide Anew Amidst Tense Standoff In Hormuz Strait
Riding bullish energy to start off July, total crypto assets crested to $2.28T as of last night. But the global economic situation has changed. Over the weekend came news that U.S. and Iranian forces have exchanged a fresh round of strikes while issuing contradictory statements about whether the Strait of Hormuz remains open.
Oil prices, unsurprisingly, jumped. South Korea’s semiconductor-heavy stock market sold off. U.S. stock futures were slipping as of 7:42 a.m. (EST).
A check of Bitcoin reveals a price decline of 1.6% over the past 24 hours. BTC is now slightly below $63K. Total crypto assets fell 1.2% to $2.23T, according to CoinGecko.
What's next
Japanese Financial Giant Goes All In On Crypto
Japan’s SBI Group has just announced another set of moves that further pushes the financial services powerhouse ever-more-all-encompassingly into the digital asset domain.
It was less than a month ago that SBI launched JPYSC, the country's first trust-bank-backed yen stablecoin. Today came news SBI is set to launch a lending service that offers a 3% annual yield on users' JPYSC stablecoins.
Parent entity SBI Holdings, meanwhile, announced that it’s partnering with Solana for its stablecoin and tokenization efforts. “The collaboration aims to establish Japan as a core hub for on-chain finance in Asia," SBI Holdings said in a statement, per CoinDesk.
In recent months, SBI has made a slew of crypto-related investments, including the acquisition of Japanese crypto exchange Bitbank.
“SBI is doing something no other financial group in Asia has attempted,” explained Joseph Goh, head of Asia Pacific at crypto advisory firm Areta. “It’s building an end-to-end digital asset franchise spanning issuance, settlement, market infrastructure, asset management and retail distribution, and doing it across borders rather than just at home.”
The moves come as Japanese lawmakers seek to overhaul digital asset regulations, “shifting crypto from a payment tool into regulated financial instruments on par with stocks,” said The Block.
