Crypto Market Downturn: DeFi TVL Hits New Low, SEC Seeks Comment on ETFs

Total DeFi TVL has hit a new low since February 2024, according to recent data.

The US Securities and Exchange Commission is seeking public comment on innovative ETFs.

Pump.fun has transferred approximately $770 million in stablecoins to centralized exchanges (CEXs).

June saw 40 major security incidents in the crypto industry, resulting in losses of $75.87 million.

Microsoft plans to announce layoffs next week, with the number expected to be less than 2.5% of its total workforce.

The US Department of Commerce has lifted export controls on Claude Fable 5 and Mythos 5.