Market Brief – 24h
Bitcoin gained 1.46% but the session’s alpha lay in AI-exposed miners. Mining stocks rallied on multi-billion-dollar AI infrastructure deals and a pivot to cloud compute, per Cointelegraph, lifting sector sentiment. Altcoins outperformed broadly: INJ surged 5.14%, ADA +3.1%, HYPE +2.99%, ETH +2.2%, SOL +1.95%, XRP +1.79%. The standout laggard was US, collapsing 13.67%, while GPU dipped 0.59%. BTC +1.46%, ETH +2.2%, SOL +1.95%, USDC flat. Mining equities benefited from a sector rotation toward AI compute infrastructure, with multi-billion-dollar contracts driving a rerating. Broad altcoin strength contrasted sharply with the US token’s collapse.
Thailand Targets Stablecoins and Cash in Sweeping Anti-Money Laundering Push
Thailand's central bank is implementing strict anti-money laundering controls on high-volume stablecoin transactions and large cash deposits.
Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC
Cathie Wood doubts Ripple-backed OUSD can challenge USDT/USDC due to entrenched liquidity and integration advantages.
Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide
The total stablecoin market fell $1.9 bn, led by a $791 m drop in Tether and declines across USDC and Sky Dollar.
Your USDT on Revolut Has an Expiry Date — Here’s What to Do Before August 31
Revolut will delist USDT by August 31, 2026, to comply with EU MiCA regulations, potentially benefiting USDC and EURC.
Revolut to delist USDT in August, citing regulatory and risk concerns
Revolut will delist USDT after August 31 due to regulatory and risk concerns.
This sanctioned Russian stablecoin claims it processes billions, but blockchain analysts disagree
Analysts dispute a sanctioned Russian ruble‑backed stablecoin’s claim of processing billions, noting sharply lower volumes.
Open USD Membership Claims Challenged After Samsung, Others Dispute Participation
Several South Korean companies dispute their inclusion in the Open USD (OUSD) stablecoin consortium.
Samsung, Dunamu say they were listed as OUSD stablecoin consortium members without official consultation: report
Samsung and Dunamu deny being consulted before being listed as members of the OUSD stablecoin consortium.
Open USD partner list faces scrutiny after Korean firms question inclusion
Several Korean firms, including Samsung and Shinhan Financial Group, question their inclusion in the Open USD partner list.
Open USD Stablecoin Hype Backfires as Samsung Denies Partnership Claims
Samsung and Korean financial firms denied any partnership with the newly launched Open USD stablecoin, casting doubt on its claimed corporate backing.
South Korean Giants Samsung, Dunamu Question Inclusion in OUSD Stablecoin Consortium
Samsung and Dunamu have questioned their inclusion as founding partners in the OUSD stablecoin consortium.
Open USD Is Coming for Circle's Margins
A new stablecoin consortium offering more competitive terms poses a potential threat to Circle's market margins.
Jefferies warns against buying the dip in Circle as Open USD raises new competition fears
Jefferies warns that the new Open USD stablecoin consortium could increase competition and pressure USDC's growth.
Could Open USD Crush Aave’s USDC Yields? Here’s What DeFi Users Need to Know
The launch of Open USD may impact USDC yields on Aave due to its free minting and redemption model for businesses.
Why Circle Stock Crashed 17.55% Today?
Circle’s stock plunged 17.55% after being removed from a major index, wiping out $3.6B in market value amid regulatory uncertainty.
Circle CEO touts USDC's network advantage as OUSD emerges
Bernstein identifies OUSD as a strong new challenger to the USDC and USDT stablecoin duopoly.
Morning Minute: Major New Stablecoin Launch Shakes Incumbents
The launch of Open USD, backed by Visa, Mastercard, and Google, poses a significant threat to USDC and USDT.
Circle Slides 18% as Open Standard Reshapes Stablecoin Competition
Circle's value dropped 18% following the emergence of the Open USD stablecoin, which is backed by over 140 firms.
‘Seems bearish’ – Circle slides 17% as Open USD enters the stablecoin race
Circle's valuation slid 17% as the entry of Open USD increases competition in the stablecoin market.
Circle (CRCL) Stock Plunges 16% as Open USD Consortium Emerges—But Analysts See Overreaction
Circle's stock fell 16% following the announcement of Open USD, a new stablecoin consortium backed by Stripe, Coinbase, and BlackRock.
Circle Stock Falls 16% After Open USD Stablecoin Consortium Launches – Analysts Aren’t Worried
Circle shares dropped 16 % after the Open USD consortium launched a new stablecoin, but analysts view the sell‑off as an overreaction.
Ark Invest Researcher Doubts Open USD Can Beat Circle After 16% Stock Drop
Circle shares dropped 16% following the announcement of a new competing stablecoin by a consortium including Visa and Blackrock.
Why OpenUSD's 'real threat' that tanked Circle stock still faces a steep uphill battle for adoption
Analysts suggest a stablecoin consortium backed by Stripe and Coinbase faces significant adoption hurdles despite posing a threat to Circle's business model.
Circle Stock Dives as Coinbase, BlackRock and Visa Back Open USD Stablecoin
Circle's stock declines as major partners including Coinbase, BlackRock, and Visa back a competing stablecoin called Open USD.
Why the altcoin market remains under pressure—and what could spark a recovery
Analysis of why the altcoin market remained under pressure throughout the second half of 2025.
Circle Stock Falls 15% as New Rival Stablecoin Targets USDC’s Enterprise Users
Circle's stock fell 15% following the launch of Open USD (OUSD), a new stablecoin backed by Visa, Mastercard, and Coinbase.
Circle slides 13% as Stripe, Coinbase and BlackRock back rival stablecoin network
Circle's value declined as Stripe, Coinbase, and BlackRock backed the rival Open USD stablecoin network.
Stablecoin Boom Is Creating Banking Tensions and Risks Leaving Europe Behind, Fintech Expert Warns
Fintech expert Leda Glyptis warns that stablecoin growth is exposing weaknesses in European banking infrastructure.
Tether’s USDT Flips Ether in Market Cap as Stablecoin Climbs to $186 Billion
Tether's USDT briefly overtook Ethereum in market capitalization, reaching $186 billion as ETH prices slumped.
MSTR’s Bitcoin Per Share Gets ‘Annihilated’ in Extreme Bear Case: Analyst
Stress‑test shows MSTR’s Bitcoin‑per‑share value could collapse if BTC falls 55% to $26,600.
XRP Ledger Validators Warn Users as Fake JPYSC Tokens Surface
XRP Ledger validators have warned users about fake JPYSC tokens appearing, as the official SBI stablecoin is not yet on public chains.
‘Stablecoin’ Google searches down 54% as supply growth stalls after 2025 boom
Google searches for stablecoins have dropped 54% as aggregate supply growth stalls following a previous boom.
Stablecoin Winds Down Stablecoin Vault After msUSD Depeg Panic
Altura is winding down its stablecoin yield vault after heavy redemptions tied to panic over MainStreet’s msUSD depeg, processing over 8.5 M USDT.
Altura Shuts Down USDT Vault After Mass Exodus Sparked by msUSD Stablecoin Crisis
Altura shut down its USDT vault following $8.5 million in redemptions triggered by panic from the msUSD stablecoin crisis.
Main Street msUSD Stablecoin Loses Dollar Peg and Crashes 90%
Main Street USD (msUSD) crashed over 70% after its verification provider ended its agreement.
Ready USDC Card Halts Non-EEA Service Following Card Issuer Transition
Ready USDC Card has halted services for users outside the EEA following a card issuer transition, highlighting infrastructure fragility.
Stablecoin Shakedown: Binance, Coinbase And Kraken Restrict USDT In Europe Ahead Of MiCA Deadline
Binance, Coinbase and Kraken limited USDT access for EEA users under MiCA, while USDC and EURC gained relative usage.
Ethereum Nears Rare Third Red Quarter Despite Stronger Staking Signals
Ethereum faces a rare third consecutive red quarter despite strong staking activity, indicating persistent bearish pressure.
Rob Hadick Warns Tether and Circle Face Rising Pressure From New Stablecoins
Rob Hadick warns that new stablecoins could increase pressure on USDT and USDC issuers.
PYUSD loses 35% of its stablecoin cap as USDC makes largest transfer in history
PYUSD market cap dropped 35% while USDC recorded its largest transfer in history.
What next after Ethena [ENA] crumbles below multi-month swing low on price charts?
Ethena (ENA) breaks below multi-month swing low, signaling potential further downside pressure.
New York regulator proposes stablecoin rule to align with federal GENIUS Act, adds reserve limits
New York regulators propose a stablecoin rule aligned with the federal GENIUS Act, adding reserve‑limit requirements.
Paradigm and Hyperliquid Urge Treasury to Narrow Stablecoin AML Rule
Paradigm and Hyperliquid lobby the Treasury to tighten AML rules for stablecoins.
Why Visa and Mastercard Stablecoin Plans Face Tough Roadblocks Ahead
Visa and Mastercard face significant regulatory hurdles in launching stablecoin services tied to USDC.
Ethereum Loses Second Place To Tether’s USDT As Bitcoin Crashed Below $60,000
Ethereum falls to second place behind USDT as Bitcoin slides below $60,000.
$2 Million Per Vessel: Inside Iran’s Massive USDT Toll Operation in the Strait of Hormuz
Iran is operating a $2 million‑per‑vessel USDT‑based toll system in the Strait of Hormuz.
HTX Exchange Removes Trump-Linked USD1 Stablecoin Following Address Freeze by WLFI
HTX Exchange has removed the Trump-linked USD1 stablecoin after World Liberty Financial froze the exchange's addresses.
Justin Sun’s HTX Delists Trump-Backed USD1 Stablecoin After World Liberty Financial Freezes Exchange Addresses
HTX delists the Trump-backed USD1 stablecoin following address freezes by World Liberty Financial.
PayPal’s $PYUSD Stablecoin Supply Shrinks 31% From $4.2B ATH to $2.92B
PayPal's PYUSD stablecoin supply has decreased 31%, falling from its all-time high of $4.2 billion to $2.92 billion.
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