Crypto Markets Plummet as Bitcoin Stalls at $63K, THORChain Resumes Trading

Crypto markets are experiencing a downturn, with Bitcoin struggling to reclaim $63,000. The Fear & Greed Index has dropped to 17/100, indicating a fresh wave of investor concern.

THORChain, a decentralized cross-chain liquidity protocol, has resumed trading after more than five weeks of downtime following an $11 million exploit in May. Transaction signing and swaps are now available again.

Meanwhile, Chainlink has joined Project Pangea, a collaboration with 47 European and South Korean banks to enhance cross-border payments using stablecoins. The initiative aims to reduce foreign exchange settlement times from two days to near-instant execution.