$BITCOIN crashes below $60K while DeFi faces major hacks. Meanwhile, institutions are booming with tokenization and stablecoins.

Market Recap: Bitcoin fell below $60K, Ethereum dropped 21%, $SOL slid 10%, and the total crypto market cap shrank to $2.2T.
DeFi Security Crisis: $292M exploit on KelpDAO triggered mass withdrawals; AI-driven hacks surged Defi TVL dropped from $80.5B to $69.4B.
Institutional Tokenization & Stablecoins: RWA tokenization surpassed $33B; Goldman Sachs tokenized real estate; stablecoins hit $315B with Stripe and DoorDash adoption.

Regulatory Developments: U.S. preparing “Reg Crypto” rules; EU enforced MiCA (Binance exited EU); Japan advancing ETFs and lowering tax rates.
Corporate Moves: BlackRock ETF inflows of $209M; Vanguard hiring digital assets leader; SpaceX tokens drove $3.8B monthly volume.
Conclusion: July 2026 shows a split reality — $DEFI struggles with hacks and liquidity drains, while institutions thrive with tokenization and stablecoin adoption.
