As Lead Research Analyst Gabe Selby points out, despite all digital asset categories remaining in the red throughout the quarter, as reflected by negative returns for our regulated crypto portfolio indices, scaling protocols were relatively defensive.
Watch to find out which one fared best ★ What that has to do with the definitive DeFi milestone for JPMorgan Chase & Co. in the quarter ★ And why fading Ether dominance of the BTC/ETH ratio helps set up the best conditions we’ve got (for now) for more constructive price action in the current quarter.
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The market rally slowed to +1.66% in its third week as leadership rotated toward quality: Value led at +0.93% and defensives rebounded, while last week's liquidity bid unwound in full to -1.82%. Growth remains July's weakest factor despite climbing off the weekly low.

Mark Pilipczuk
Changes to the Token Market Price Benchmarks Series - Market Prices – 14 July 2026

CF Benchmarks
Digital assets traded mixed over the week: ETF inflows returned and the mega caps carried our headline indices, while high-beta names and diversified breadth lagged. DeFi led the themes, meme coins absorbed a governance attack, implied volatility kept compressing.

Gabriel Selby
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