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.
Stablecoins aren’t just crypto anymore: $400B in 2025 payments has banks on edge
Rising stablecoin adoption and projected $400B in 2025 payments are creating tension between crypto assets and traditional banking systems.
JPMorgan Cuts Circle, Coinbase Earnings Forecasts Over Hyperliquid USDC Deal
JPMorgan lowered earnings forecasts for Circle and Coinbase due to a new USDC revenue-sharing deal with Hyperliquid.
Bolivia includes USDT in payment systems – Tether CEO hails ‘cornerstone’
Bolivia has integrated USDT into its payment systems as part of a softer government stance on cryptocurrencies.
Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants
Japan's JCB and Circle are collaborating to integrate USDC for cross-border payments and transactions across 40 million merchants.
AI-Powered Microbusiness Boom Could Drive $262B in Stablecoin Payments by 2033
Swyftx projects that AI-powered microbusinesses could drive $262 billion in annual stablecoin payment volume by 2033.
Convenience Store Giant Lawson Tests JPYC Stablecoin Payments in Japan’s First POS Retail Pilot
Lawson is piloting JPYC stablecoin payments in Japan, marking the first POS retail use case.
Stablecoin FX priced below interbank rates in Q2, with routing now the biggest cost lever: Borderless
Borderless reports that stablecoin payments were priced 3.2 bps below interbank FX rates in Q2.
Jeremy Allaire: Early Life and Net Worth — The Circle CEO Driving Stablecoin Innovation — 36Crypto
A profile of Circle CEO Jeremy Allaire and his role in developing the USDC stablecoin and regulated financial infrastructure.
Japanese Convenience Giant Trials Stablecoin Payments Starting August
Japanese convenience store chain Lawson will trial yen-pegged stablecoin payments at a Tokyo location starting in August.
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.
$10 Billion Stablecoin Exodus: Why Market Experts Remain Calm
The stablecoin market saw a $10 billion decline in capitalization, though experts view this as temporary consolidation rather than a bear market.
Japan’s SBI Group to launch JPYSC stablecoin lending service this month
Japan's SBI Group is launching a lending service offering a 3% annual yield on JPYSC stablecoin deposits.
The Stablecoin Market Just Lost $10 Billion — Here’s Why Analysts Aren’t Worried
The stablecoin market lost $10 billion since May 2026, though analysts remain optimistic due to record-high transaction volumes.
USDT usage at 35% in 2026 – What’s the key factor driving investors to stablecoins?
Analysis suggests stablecoin usage, particularly USDT, is expected to grow as investors seek reliable blockchain payment methods.
Japan’s Lawson convenience store pilots stablecoin payments with JPYC: report
Japan's Lawson convenience stores are piloting stablecoin payments using JPYC in collaboration with KDDI and HashPort.
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
The stablecoin market cap decreased by $10 billion since May, though analysts maintain a long-term positive outlook.
Hyundai’s ‘real world adoption of USDT’ cut transfers to 7 minutes: Details
Hyundai reports USDT transfers now average seven minutes, while USDC is projected to dominate 2026 stablecoin volume.
Hyundai becomes first major South Korean company to introduce internal stablecoin transfers
Hyundai becomes the first major South Korean company to implement internal stablecoin transfers for international operations.
Tether’s TON Integration Pushes USDT Deeper Into Telegram’s Crypto Economy
Tether's integration with the TON network expands USDT adoption within the Telegram ecosystem.
Circle Wins OCC Approval for National Trust Bank to Strengthen USDC Infrastructure
Circle received OCC approval to establish a national trust bank, strengthening the regulatory infrastructure for USDC.
Bitcoin Is Bottoming, And Smart Investors Are Already Earning 6.5% APY on Bitrue
Robinhood upgraded by Morgan Stanley and Barclays after launching a Layer‑2 blockchain.
Robinhood (HOOD) Stock Gets Back-to-Back Upgrades as Blockchain Bet Pays Off
Kraken adds USDT0 and USDC.e deposits/withdrawals on the Tempo network.
USDT0 and USDC.e deposits and withdrawals now available on Tempo!
MiCA licensing subjects crypto custodians to ESMA security reviews.
Strategy Bitcoin Sales 'Mostly Noise,' Standard Chartered Says, Holding $100K BTC Call
Standard Chartered maintains $100K BTC target, calling sales noise.
Fidelity Leads Bitcoin ETF Inflows As Institutional Demand Shows Signs Of Life Again
Fidelity leads Bitcoin ETF inflows, signaling renewed institutional demand.
Coinbase (COIN) Stock Jumps 5% — Here’s What’s Driving the Move
Coinbase stock rises on analyst upgrade and Circle's OCC approval for a digital currency bank.
Tether Expands Its Footprint in Latin America With a $20 Million Investment in Mercado Bitcoin
Tether invests $20 million in Mercado Bitcoin to expand payment infrastructure and tokenized offerings in Latin America.
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.
OCC Clears Sony Bank to Open Connectia Trust for USD Stablecoin Business
Sony Bank received conditional OCC approval to launch Connectia Trust for its USD stablecoin business.
Eco Powers Programmable Cross-Chain Stablecoin Liquidity With TRON Integration
Eco integrates the TRON network to enable programmable cross-chain stablecoin liquidity and faster deposits.
PayPal's PYUSD Goes Native on Polygon, Joins Open Money Stack
PayPal's PYUSD stablecoin is now issued natively on Polygon and integrated into the network's Open Money Stack.
Tether’s $25 Million Telecom Bet Extends Its Push Beyond Stablecoins
Tether invests $25 million in telecom infrastructure as part of its strategy to diversify beyond stablecoin issuance into physical networks.
PayPal seeks to increase use of PYUSD stablecoin with native issuance on Polygon
PayPal is expanding its PYUSD stablecoin by enabling native issuance on the Polygon network.
PayPal’s Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access
PayPal's PYUSD stablecoin has launched natively on the Polygon blockchain to facilitate cross-border payments for businesses.
Bank of Korea Backs Bank-Led Won Stablecoins as Bill Faces Delays
The Bank of Korea has expressed support for bank-led won stablecoins and deposit-token tests amid delays in digital asset legislation.
Sony Approved to Launch Sony Stablecoin
Sony Bank received conditional OCC approval to establish a US trust bank to issue a dollar-backed stablecoin by 2027.
Sony Bank Advances US Dollar Stablecoin Plans With Conditional OCC Trust Approval
Sony Bank received conditional OCC approval to establish Connectia Trust for the launch of a U.S. dollar-backed stablecoin for its content ecosystem.
EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers
The EU plans to revise MiCA in 2027 to include foreign stablecoin issuers and tokenized payments in response to U.S. trends.
Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer
Hyundai Card successfully tested stablecoin-based cross-border payments between North American subsidiaries, significantly reducing transaction times.
Sony Bank gets US regulator nod to issue stablecoins
Sony Bank received preliminary approval from the OCC to launch a stablecoin issuance business in the US.
Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance
The Bank of Korea is pushing for bank-led won stablecoin issuance and advancing deposit token pilots amid ongoing legislative debates.
Japan’s Sony Bank Gets OCC Approval to Build US Stablecoin Trust Bank
Sony Bank received conditional OCC approval to establish Connectia Trust in the US to provide dollar-backed stablecoin services.
Sony Bank gets conditional OCC approval for US trust bank to issue dollar-backed stablecoin
Sony Bank’s subsidiary Connectia Trust received conditional OCC approval to issue a dollar‑backed stablecoin.
Paxos Singapore Stablecoin Push Shows Yield Products Are Moving Into Regulated Wrappers
Paxos is launching USDGL in Singapore to integrate regulated yield-bearing products into the stablecoin market.
Paxos Singapore Stablecoin Push Shows Yield Products Are Moving Into Regulated Wrappers
Paxos is launching USDGL in Singapore to integrate regulated yield-bearing products into the stablecoin market.
Former Tether investment chief is looking to sell part of his stake in the stablecoin giant: Bloomberg
Former Tether investment chief Richard Heathcote is seeking a buyer for a portion of his 1.26% stake in the USDT issuer.
Circle (CRCL) Stock Up 4% as USDC Doubles Tether’s June Volume
USDC recorded a record $1.21 trillion in June transaction volume, doubling that of Tether and driving Circle's stock price up.
Ripple RLUSD Beta Tests Put XRP Ledger Stablecoin Strategy Back In Focus
Ripple beta-tests RLUSD on XRP Ledger and Ethereum, enhancing its institutional settlement strategy.
Gold Retreats From 2-Week High as JPMorgan Eyes Q4 Rebound
Gold fell on a stronger U.S. dollar, with JPMorgan trimming its year-end target despite Q4 rebound expectations.
Circle MiCA License Gives USDC A European Regulatory Advantage
Circle secured MiCA’s first EMI license in Europe, giving USDC and EURC a major regulatory edge.
USDC Extends Lead Over USDT to 70% of Volume in 2026
USDC now accounts for 70% of adjusted stablecoin transaction volume as major banks integrate Circle's network.
Tether’s Alloy Launch Shows Stablecoins Are Moving Beyond Plain Dollars
Tether launches Alloy, a synthetic dollar product backed by Tether Gold rather than traditional cash reserves.
USDT Returns to Bitcoin: RGB and UTEXO Enable Private Lightning Settlements
Tether is preparing to issue USDT natively on Bitcoin using the RGB protocol and UTEXO for private Lightning settlements.
Circle’s USDC is leaving Tether behind in the stablecoin volume race, new data from Visa shows
Visa data shows USDC trading volume outpacing Tether as Wall Street banks increase digital‑currency usage.
Binance MiCA Stablecoin Restrictions Show Europe’s Crypto Rulebook Is Now Real
Binance outlined stablecoin transaction limits for EU users to comply with the MiCA framework.
Stablecoins and Faster Settlement in Ontario’s iGaming Market
Ontario's iGaming market is exploring the use of stablecoins and digital wallets to accelerate payment settlements.
Open USD Stablecoin Puts Circle And Tether On Notice
Open Standard launched Open USD, a new stablecoin backed by over 140 businesses, challenging USDT and USDC market share.
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.
COIN vs CRCL: Which Crypto Stock Has the Best Upside?
An analysis compares the upside potential of Coinbase (COIN) and Circle (CRCL) stocks, noting recent price gains for both.
Stellar Celebrates July 4th With Access-For-All Mission
Stellar’s XLM network reports a 170 % YoY increase in real‑world‑asset projects, delivering continuous yield for five years.
Banks have stopped asking if stablecoins belong in finance, now they're considering how
Financial institutions are increasingly integrating stablecoins into their operations as digital asset volumes are projected to grow by 2030.
Collateral, not yield, will decide which stablecoins win
Analysis suggests that collateral quality, rather than yield, will be the primary driver of success for stablecoins.
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.
XRP Price: What the Supertrend Buy Signal and ETF Inflows Mean for the Recovery
XRP price recovers as ETF inflows resume and Ripple launches payments in Europe under MiCA's preliminary framework.
Revolut to delist USDT in August, citing regulatory and risk concerns
Revolut will delist USDT after August 31 due to regulatory and risk concerns.
Visa Launches Stablecoin Pilot With M-Pesa in DRC to Test Cross-Border Transfers
Visa, M-Pesa, and Onafriq launch a pilot program in the DRC to test cross-border mobile transactions using USD-pegged stablecoins.
Ethena USDe Joins Lido Earn 2026, Expands Stablecoin Access
Lido Finance added Ethena’s USDe synthetic stablecoin to its EarnUSD platform for yield‑generating strategies.
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.
Crypto Biz: Bitcoin maximalism meets the realities of capital markets
Market update covering Bitcoin sales, the emergence of Open USD against USDT and USDC, and increased political spending.
Samsung and Dunamu Say OUSD Consortium Listing Came Without Prior Official Talks
Samsung says it had no prior official talks before being listed in the OUSD stablecoin consortium disclosure.
Bitwise Pushes NEAR ETF Forward With Staking and NYSE Arca Listing Plan in SEC
Bitwise amended its NEAR spot ETF filing to include staking and seeks NYSE Arca listing pending SEC approval.
Circle Stock in Focus as South Korean Firms Deny Joining Open USD Alliance
Circle stock recovered gains as investors dismissed concerns regarding competition from the Open USD stablecoin alliance.
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.
Russia Is Ready for 'Widespread Use' of Digital Ruble by September, Says Bank Governor
Russia’s central bank expects widespread adoption of the digital ruble by September as banks and retailers prepare for integration.
Circle Expands Stablecoin Payments Across Europe With New Payouts API
Circle launches a new Payouts API in Europe to enable automated USDC and EURC payments across 180 countries.
Two Big Banks Adopt Circle’s USDC Stablecoin This Week
Standard Chartered became the first G‑SIB to give institutional clients direct USDC mint‑and‑redeem services in Dubai.
Bybit Card Launches in Peru: Seamless Spending with Up to 120 USDT in Rewards
Bybit introduced its crypto debit card in Peru, offering up to 120 USDT in rewards and cashback on everyday purchases.
Cathie Wood Bets Big on Circle (CRCL) Stock After Brutal Two-Day Slide
ARK Invest purchased approximately $17.8M in Circle stock following a significant price slide and the launch of a rival stablecoin.
Standard Chartered Becomes First Global Bank to Offer Direct USDC Access to Institutions
Standard Chartered becomes the first global systemically important bank to offer institutional clients direct minting and redemption of USDC.
Metamask Launches Money Account With up to 4% APY and Mastercard Spending Access
Metamask has launched a self-custodial Money Account offering up to 4% APY on mUSD with Mastercard spending integration.
Standard Chartered, Circle bring USDC minting onto banking rails
Standard Chartered and Circle have launched institutional USDC minting and redemption services starting in Dubai.
Circle USDC Eyes Global Stablecoin Expansion With Standard Chartered Partnership
Circle's USDC is expanding institutional adoption through a partnership with Standard Chartered for direct minting and redemption.
Standard Chartered Launches USDC Minting and Redemption Service for Institutional Clients
Standard Chartered launched direct USDC minting and redemption services for institutional clients via its DIFC operations.
Visa-Mastercard Stablecoin Debate Puts XRP Ledger Design Back In Focus
Open Standard announced the consortium‑backed Open USD stablecoin, reviving discussion of XRP Ledger design elements.
TRON Activity Hits Record High As Stablecoin Settlement Dominates
TRON recorded record transaction throughput and active users in June 2026, driven largely by USDT stablecoin settlements.
STBL Launches USST Stablecoin on Stellar as Institutions Chase Real-World Asset Liquidity
STBL issued the USST stablecoin on Stellar, backed by real‑world assets for institutional investors.
Cloudflare Launches Monetization Gateway for Stablecoin Payments via x402
Cloudflare opened a waitlist for its Monetization Gateway, enabling stablecoin payments via the x402 protocol.
Ripple USD Activity Pushes XRP Ledger Settlement Volume Above $2.5 Billion
RLUSD activity generated over $2.5 billion in XRP Ledger settlement volume, with RLUSD/XRP trading nearing $900 million.
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.
LINE NEXT Launches Unifi Pay to Expand Global Stablecoin Payments
LINE NEXT will launch Unifi Pay, a stablecoin‑based payment platform supporting multiple fiat‑backed stablecoins for global developers and businesses.
Streamex Brings Gold with Yield Directly Into Your Brokerage Account
Streamex launched GLDY, a gold-backed yield-bearing security available through traditional brokerages like Siebert and tZERO.
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