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.
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.
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