Wu Blockchain (@WuBlockchain): Bitwise: Crypto Posts Third Straight Quarter of Negative Returns, Longest Streak Since 2022

Bitwise: Crypto Posts Third Straight Quarter of Negative Returns, Longest Streak Since 2022 Bitwise said the Bitwise 10 Large Cap Crypto Index fell 15.4% in Q2, with eight of its 10 constituents declining, while spot Bitcoin ETFs recorded their worst quarter of outflows on record. However, prediction market volume hit a record $43.2 billion, tokenized real-world assets rose 50.3% year to date to $32.89 billion, and stablecoin settlement volume reached 2.3 times that of Visa. Bitwise noted that crypto has now posted three consecutive quarters of negative returns, the longest streak since 2022, even as Ethereum transaction activity is about 13 times higher, DeFi TVL is up more than 60%, and stablecoin AUM has roughly doubled from the 2022 bear-market bottom.