Weak Non-Farm Payrolls Send Bitcoin Prices Soaring Above $62,000

The June U.S. non-farm payrolls data was significantly weaker than expected, easing concerns over near-term Fed rate hikes.

This led to a rebound in Bitcoin prices, breaking above $62,000 and Ethereum surpassing $1,700 before both cooled, leaving BTC consolidating around the $61,000 level.

Ondo Finance launched SEC-compliant tokenized products for IVV and Micron, while Robinhood Chain mainnet went live with integrations with dYdX and Arbitrum for on-chain trading.

The launch of these projects highlights the accelerating adoption of RWA and on-chain financial infrastructure, but also raises concerns about regulatory divergence in the U.S., with Tennessee and Georgia implementing stricter crypto ATM rules.