Crypto Market Today July 8: CODEX Skyrockets 955%, EVAA Surges 157%

Top 15 Crypto Market News Today: Russia Bill, Kraken, Bitcoin Leads

Overall Cryptocurrency News, 8 July 2026: The market declined 1% amid extreme fear, while regulatory developments, institutional expansion, and blockchain innovations shaped sentiment despite mixed performances across major cryptocurrencies and altcoins.

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global crypto market today reached a capitalization of $2.25 trillion, with an overall drop of 1% in the last 24 hours, while total trading volume was recorded at $71.5 billion.

Bitcoin’s (BTC) dominance in the industry remains strong at 56.5%, while Ethereum (ETH) holds 9.5%. The largest gainers in the industry over the past day are Polkadot and the XRP Ledger Ecosystem.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis:

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

• Bitcoin (BTC) price today reached $63,315.67, down by 0.93%% in the last 24 hours, with a trading volume of $31 billion and a market cap of $1.26 trillion.

• Ethereum (ETH) price today is at $1769.17, declined 1.24% in 24 hours with a trading volume of $9.7 billion and a capitalization of $213.5 billion.

Top Trending Crypto Coins Price in 24 Hours:

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)

• Claude price (CLAUDE): $0.058382, down 16.14%, TV: $161.59 million.

• OpenAI Codex price (CODEX): $0.00004349, skyrockets 955.38% in the last 24 hours, trading volume: $140.28 million.

• LAB price (LAB): $6.37, down 56.28%, TV: $149.59 million.

• TAC Protocol price (TAC): $0.004327, falls 86.87%, TV: $97.42 million.

• Zcash price (ZEC): $482.42, gains 6.18%, TV: $658.76 million.

• EVAA Protocol price (EVAA): $2.67, jumps 157.25% in the last 24 hours, TV: $65.27 million.

Top 3 Crypto Gainers in 24 hours (Ranked by 24-hour percentage gain):

• MemeCore price today (M): $1.34, climbs 10.64%, trading activity $17.69M.

• Zcash price today (ZEC): $479.39, gains 5.33%, trading activity $661.49M.

• Sun price today (SUN): $0.01858, rises 4.59%, trading activity $78.76M.

Top 3 Crypto Losers in 24 hours (Ranked by 24-hour percentage loss):

• Gram (prev. Toncoin) price (GRAM): $1.60, down 9.02%, trading activity around $263.20 million.

• Audiera price (BEAT): $2.41, lower by 8.50%, with trading volume near $20.23 million.

• Bonk price (BONK): $0.00004096, slipped 8.49%, trading activity close to $69.14 million.

Stablecoins and Defi Update:

• Stablecoins reflects 0.1% positive change over the past 24 hours, with a market capitalization of $308.3 billion and trading volume of $62 billion.

• The Overall (Defi) Decentralized Finance market declined 2.6% over the last 24 hours, recording a market cap of $69.98 billion and trading volume (TV) at $3.59 billion. Defi dominance globally marked 4.4%.

Crypto Fear and Greed Index Today

Source: Alternative Me

The Fear & Greed Index dropped to 20 (Extreme Fear) today. Despite a slight recovery, investors remain highly cautious due to regulatory uncertainty, macroeconomic concerns, and weak confidence. Last month's 8 showed even deeper panic.

Top 15 Latest Crypto Market News Today, July 8

(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)

1. Russia Advances Crypto Regulation, Bill: Russia's parliament committee approved a revised crypto bill for second reading. It removes wallet address reporting, allows crypto-funded investments, limits retail trading, and adds transfer freeze rules.

2. Kraken Eyes European Banking License: Kraken plans to seek a European banking license through Lithuania. Approval would let the exchange offer banking services across the European Economic Area alongside crypto products.

3. Hong Kong Warns Against Cryptocurrency Scams: Hong Kong's regulator warned investors against the unlicensed platform Aurum Foundation Limited. Authorities added the company and website to a public alert list for investor protection.

4. Ethereum Foundation Member Departs: Ethereum Foundation developer Sophia Dew will leave her full-time role this week after four years. She plans to continue supporting Ethereum and remains optimistic about its future.

5. Moonbeam Cryptocurrency Shutdown Deadline Set: Wormhole confirmed Moonbeam will shut down on July 31, 2026. Users should transfer assets before then, as recovery support will end after network operations stop.

6. BTTC Bridge Transfer Was Planned: Blockaid confirmed recent BitTorrent Bridge fund movements were part of a planned shutdown, not a hack. Justin Sun said focus will shift toward decentralized AI development.

7. CFTC Files $14M Fraud Case: The CFTC sued Trevor Vernon and Argent Capital, alleging they raised over $14 million through misleading investment claims, fake reports, and a Ponzi-style payment structure.

8. Strike Launches Bitcoin Loans: Bitcoin payments platform Strike introduced Bitcoin-backed term loans. Borrowers avoid margin calls during price drops, while defaults after a grace period may trigger collateral liquidation.

9. Kraken Wins Audit Dispute: Kraken's parent company secured a $22 million arbitration award against Mazars USA. It also urged Congress to pass the CLARITY Act for clearer crypto regulations.

10. KOR Protocol Raises $7.5M: KOR Protocol secured $7.5 million in Series A funding. The project develops blockchain infrastructure for creative rights, revenue sharing, and tokenized entertainment assets.

11. Japan Explores Tokenized Securities: SBI Securities and Daiwa Securities plan a 2027 platform allowing overseas investors to buy Japanese security tokens, potentially using USDC for faster cross-border settlement.

12. Gemini Adds Stock Trading: Gemini launched commission-free stock trading in selected U.S. regions. Users can trade thousands of listed securities, while some states remain excluded from the rollout.

13. New Hampshire Reviews Bitcoin Bond: New Hampshire officials will hold a public hearing on a proposed $100 million Bitcoin-backed municipal bond. The project would not use taxpayer funds or guarantees.

14. MiCA Registrations Continue Rising: One week after full MiCA implementation, the EU recorded 21 electronic money token issuers, 35 EMTs, and more than 270 registered cryptocurrency service providers.

15. Ondo Perps Goes Live: Ondo Finance launched Ondo Perps, allowing up to 20x leveraged trading on tokenized stocks, ETFs, and commodities for eligible users outside restricted regions.

Major Crypto Market Events Today

Source: Forex Factory

Comparative Insight

Compared with the July 7 crypto update, the market weakened on July 8, as total capitalization fell from $2.28 trillion to $2.25 trillion, while daily performance shifted from a 1.3% gain to a 1% decline. Trading volume dropped from $82.3 billion to $71.5 billion, and the Fear & Greed Index declined from 27 (Fear) to 20 (Extreme Fear), reflecting renewed investor caution despite continued regulatory and institutional developments.

What This Means for Cryptocurrency Users

Users should expect continued volatility as regulations evolve globally and investor sentiment remains weak. Positive developments like banking expansion, tokenized assets, and infrastructure upgrades create long-term opportunities, but cautious risk management remains essential in the current environment.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point to the price or indicate an action to take on the investment.

CoinGabbar’s Opinion

The condition remains high-risk in the short term because sentiment is still in Extreme Fear and major assets are declining. Long-term investors may find selective opportunities, but traders should avoid excessive leverage, monitor regulatory updates, and invest only after proper research and risk assessment.

Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. All regions are not able to provide all the services or assets in question.