Galaxy: There is a structural conflict between US SEC custody rules and DeFi demand.
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The crypto market fell across the board, with the DeFi sector dropping nearly 9%.
PANews reported on July 8th that, according to SoSoValue data, the crypto market saw a broad decline, with most cryptocurrencies falling by 2% to 9% in the past 24 hours. The DeFi sector led the market decline, falling 8.77%, with LAB (LAB) down 67.70% and Hyperliquid (HYPE) down 4.30%. However, EdgeX (EDGE) and Lido DAO (LDO) bucked the trend, rising 29.12% and 11.01% respectively.