Bitcoin near $64K as DeFi tokens outpace and institutional inflows resume

Bitcoin traded close to $64,000 and Ethereum near $1,800, with Bitcoin’s market‑share dominance edging up to about 58 % as large‑cap assets attracted spot buying. Meanwhile, DeFi tokens showed relative strength, outperforming Bitcoin in June; Bitwise reported its DeFi index fell only about 4 % versus Bitcoin’s 22 % decline, indicating a “quiet re‑rating” driven by growing institutional use of DeFi protocols such as Aave, Morpho and Jupiter.

Institutional demand also resurfaced in crypto‑linked exchange‑traded funds. Spot Bitcoin ETFs recorded net inflows of roughly $90 million and Ethereum ETFs added about $18 million on July 10, while Bitwise accumulated over $2 million of Chainlink (LINK) in the past month, supporting the token’s price near $9. ETF inflows suggest renewed professional‑investor interest.

Corporate blockchain adoption advanced as Hyundai Motor completed a $20,000 USDT treasury pilot on the Avalanche network, cutting cross‑border settlement time to minutes. Tokenized equities continued rapid growth, expanding 28.6 % to $1.85 billion in a month, while tokenized US Treasuries grew modestly. These developments highlight broader institutional and enterprise engagement with crypto‑based assets.