Crypto News Today (June 26): BTC Barely Holding $60K, Uniswap and Spark Launch FX Layer, Dubai to Launch Token Backed by Nasdaq ETF

In crypto news today (June 26), BTC USD continues its struggle to hold key support at $60,000, currently trading around $60,200. Liquidations hit $1Bn over the past 24-hours, with more than $845M from long positions.

Worryingly, ETF flows have become extremely bearish, as yesterday saw $691M in Bitcoin outflows, coupled with Wednesday’s $469M flows, taking the two-day total to over $1Bn, a worrying amount of Bitcoin being sold, and a main catalyst being recent price action across the market.

While nearly every major cap token is currently in the red over the past 24 hours, OG coins in Bitcoin Cash (BCH) and Litecoin (LTC) are two of the established projects in the green today, each up a modest +0.5. Daily trading volume has exceeded $105Bn, an increase of more than $10Bn compared with yesterday.

With Bitcoin looking unsteady just above $60K, the Fear & Greed Index reflects this shaky price action, sitting at 13/100, down from 24/100 at the beginning of the week.

Crypto News Today: Uniswap and Spark Launch FX Layer to Unify Stablecoin Liquidity

Uniswap and Spark have introduced FX Layer, a unified liquidity network specifically designed for the stablecoin market. This initiative aims to simplify the process of swapping stablecoins issued by different providers while also preparing the infrastructure for the anticipated arrival of hundreds of new issuers.

As part of the launch, Spark will migrate around $150M in liquidity to Uniswap v4. The initial liquidity pool will feature USDS, USDT, and PYUSD, with plans for additional stablecoin issuers to join over time.

According to Spark CEO Sam MacPherson, the next phase of the stablecoin market will not focus on launching more digital dollars but on building infrastructure that connects hundreds of issuers within a single ecosystem.

The developers anticipate that idle liquidity will generate yield until it is used in trading, while swaps between different stablecoins should become faster and more capital-efficient.

Spark believes that as the number of stablecoins continues to grow, the industry will need infrastructure akin to the global foreign exchange market, enabling liquidity to move seamlessly between digital currencies.

Spark is building stablecoin infrastructure on Uniswap

They just moved $150M in liquidity to the protocol, marking one of the largest migrations in DeFi history

This liquidity will soon move to their new DualPool hook, so they can earn on both active and idle assets pic.twitter.com/2xo4BcPtEm

— Uniswap (@Uniswap) June 25, 2026

Atlas of Dubai Entering DeFi Space With Regulated ETF-Backed USAFi Token

In other crypto news today, Atlas Capital Team plans to launch USAFi, a regulated digital security backed by a Nasdaq-listed ETF, in the third quarter of 2026. This project marks a significant shift for economist Nouriel Roubini, who has been a vocal critic of cryptocurrencies for many years.

Atlas, along with its Dubai subsidiary, Atlas AI Labs, has developed a whitepaper that outlines USAFi and introduces a broader concept referred to as the “Technodollar.” This idea connects the future of dollar-based reserve assets with artificial intelligence, digital infrastructure, and tokenized financial products.

USAFi is expected to be issued under the framework of Dubai’s Virtual Assets Regulatory Authority (VARA). Atlas has indicated that the token will comply with VARA’s Asset-Referenced Virtual Asset Rulebook, placing it among the more advanced regulatory systems for virtual assets in the Middle East.

The token is designed as an ERC-20 asset, which allows it to operate across permissionless blockchain networks. It will be backed by the Atlas America Fund, an SEC-registered actively managed ETF listed on Nasdaq, with reserve assets held at the Bank of New York.

Atlas is presenting this structure as a means of linking institutional collateral to decentralized finance. The aim is to maintain the portability and 24-hour accessibility of on-chain assets while ensuring that the token is supported by regulated reserves, rather than driven solely by speculative demand.