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[Kaiko @KaikoData]

Total DeFi TVL has fallen 36.9% since January while over the same window, stablecoin market cap edged up 2.1% to $314.6B and RWA AUM climbed 55.7% to $25.5B.

Read more: https://t.co/dpn2BOXaf9

[Kaiko @KaikoData]

While the borrowing & lending sector has bled out since January 2026, Morpho has gone up 79%, even as the rest of the cohort posted steep drawdowns.

[Kaiko @KaikoData]

https://t.co/nvaxt0SdkU

[Kaiko @KaikoData]

https://t.co/oyvK1zPZqi

[Kaiko @KaikoData]

Read more: 🔗https://t.co/1sq9wd28Il

[Kaiko @KaikoData]

When one of Bitcoin’s most symbolic holders sells, the whole market listens.

BTC fell more than 20%, ETH 22%, SOL 24%, and XRP 16%. Liquidity also weakened, with BTC market depth down from May highs.

Derivatives confirm the unwind, as BTC open interest dropped from ~$20B to ~$15B while futures remained under sell-side pressure.

[Kaiko @KaikoData]

Kaiko’s quarterly ranking evaluates spot crypto exchanges across governance, business, technology, data quality, security, and liquidity.

You can read the full ranking here: 🔗https://t.co/fJ42uZim6V

[Kaiko @KaikoData]

The Q2 2026 Kaiko Exchange Ranking is out.

https://t.co/3xDhqDYa8O holds the top #1 spot for the third consecutive quarter, with a Kaiko Exchange Score of 82 and an AA rating.

Coinbase climbs to #2, while Bitstamp by Robinhood maintains #3. Bybit makes its first appearance in the top 10, jumping 7 places to #9, supported by a perfect Data Quality Score of 100.

[Kaiko @KaikoData]

https://t.co/PVZTbikBxN

[Kaiko @KaikoData]

The reaction of crypto markets to the appointment of Kevin Warsh on January 29, 2026, combined with Powell's decision to stop cutting rates at the same time, illustrates this sensitivity.

Read more: 🔗https://t.co/b3fUkNK0x4

[Kaiko @KaikoData]

Crypto’s next major test may come from the Fed.

With Kevin Warsh now leading the Fed and inflation at 3.8%, rate expectations are back in focus.

Bitcoin remains highly sensitive to monetary policy, and every Fed signal could shape the market’s next move.

[Kaiko @KaikoData]

Of cbBTC's $6.32B in TVL, $3.05B sits on Morpho, acting as the collateral backbone for Coinbase's BTC-backed onchain lending product. The remainder is spread across a variety of lending protocols.

🔗 Read more: https://t.co/kqSCXxwgVM

[Kaiko @KaikoData]

Coinbase wrapped BTC (cbBTC) captured 29.8% of the wrapped BTC market in just over a year since launch, while wBTC lost 26% of market share, falling from a near-monopoly to 41.6%. Binance's BTCB, sitting at $5.25B TVL, has held its ground but remains almost entirely siloed within Binance Smart Chain.

[Kaiko @KaikoData]

https://t.co/Y11h2Fax89

[Kaiko @KaikoData]

https://t.co/ffZonSK6XB

[Kaiko @KaikoData]

Kaiko Acquires Cometh to Scale MiCA-Regulated Onchain Data Infrastructure for Institutional Markets

With this acquisition, Kaiko continues building ahead of institutional demand, delivering oracles and execution held to the same standards as traditional finance.

🔗 Read the full announcement: https://t.co/q0DX5GdhEM

[Kaiko @KaikoData]

🎬 We're live with our webinar: Tokenized Markets and the Future of SME Financing in partnership with @Lise02769082141 https://t.co/mKU1yrYhVz

[Kaiko @KaikoData]

Binance perp CVD bottomed at -$6.2B in February and has since swung to +$4.2B. Bybit flipped from -$1.4B to +$0.3B during the same window while Hyperliquid CVD still sits at -$3.9B. Muted spot volume combined with the CVD picture shows that it is leverage doing the work rather than spot.

Whether that resolves into another move up likely depends on whether the spot volume missing throughout 2026 eventually shows up.

🔗Read more: https://t.co/2qEGY1c6MM

[Kaiko @KaikoData]

BTC recovered and pushed back toward $82k while spot volume for the top 10 assets averaged $80B a week throughout 2026, less than half the $178B weekly average seen in 2025.

[Kaiko @KaikoData]

https://t.co/VhoHRIEoHS