Key Insights:
- Bitwise records the highest losing streak since 2022 as crypto news reports a third straight quarterly decline.
- Stablecoins settled 2.3x Visa volume as tokenized assets climbed to $32.89 billion.
- Prediction markets hit $43.2B while crypto prices extended a third straight quarterly decline.
Crypto news took another bearish turn after Bitwise reported that the digital asset market recorded its third consecutive quarter of negative returns. The company said this marks the longest losing streak since 2022, even as several blockchain activity indicators continued to expand.
Its latest quarterly data recorded weaker prices across large-cap assets, record Bitcoin ETF outflows, and slower activity in several market segments.
At the same…
