Bitcoin fell below $64,000, trading at $64,087 at the observation point, down 6.2% over 24 hours, as the broader market selloff accelerated. Ether traded at $1,766, down 8.6%, while Solana fell 10.4%; reports placed bitcoin near $65,600 after a roughly 13% weekly decline. U.S. spot bitcoin ETFs recorded $185.4 million of net outflows on Friday, including $143.5 million from BlackRock’s IBIT and $41.9 million from Fidelity’s FBTC, bringing two-week ETF redemptions to $2.35 billion; across tracked U.S. spot crypto ETFs, weekly outflows were about $1.55 billion.
The move indicates that regulated fund redemptions remain a meaningful source of marginal selling pressure during a leverage-sensitive downturn, with losses extending beyond bitcoin into ether and major alternative assets. The flow data do not establish that ETF selling caused the price decline, and weekend liquidity can magnify price moves; however, persistent withdrawals reduce an important channel of institutional spot demand while market depth is under pressure.
Deutsche Bank’s crypto-custody service has gone live for paying clients in Europe, initially supporting bitcoin, ether and three stablecoins. The launch moves a large bank from planned infrastructure to a live institutional offering, although stablecoin conversion and tokenized financial instruments remain future phases. Its immediate significance is therefore custody access rather than a demonstrated increase in tokenized-asset activity or client balances.
Kava Lend lost roughly $3.8 million in an exploit, after approximately 49.2 million KAVA was bridged to BNB Chain through LayerZero and sold for about $2.1 million in BNB and USDT; the KAVA token fell nearly 40%. The episode underscores bridge, smart-contract and rapid-liquidity-exit risks in DeFi credit markets, particularly where an exploiter can access cross-chain liquidity. The supplied information does not establish the exploit’s technical cause or whether further losses remain possible.