DeFi Sector Takes a Hit as Jump Crypto Begins Shuffling Millions in Funds;

Most tokens in the DeFi category have fallen between 18% and 23%, marking their worst single-day performance since April

Top cryptos within the decentralized finance sector witnessed a strong sell-off late Sunday as the crypto arm of proprietary trading firm Jump Trading began moving millions of dollars to exchanges

Recessionary fears led to a substantial sell-off in U.S. equity markets on Friday, with the unemployment rate rising to 4.3% in June, triggering global market declines, including a 5.5% drop in Japan's Nikkei 225.