Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market.  Tethers USDT fell from $78 billion to $65 billion between March and November 2022. For USDC, the downtrend took much longer to play out, falling from $55 billion in July 2022 to below $24 billion by November 2023, exacerbated by its banking partner Silicon Valley Banks collapse in 2023 March.  The implosion of TerraUSD, the algorithmic stablecoin of the Terra-Luna crypto project, also wiped out $18 billion from the stablecoin market.  The current decline is only a temporary setback in a long-term uptrend, one analyst said.  “The recent decline in stablecoin market cap represents a relatively small pullback in what we believe is a long-term growth market,” said Paul Howard, senior director at trading firm Wincent.  “Short-term fluctuations in liquidity are normal, but they dont change our view that stablecoins will continue to play an increasingly important role in the digital asset ecosystem,” he added.  Increasing stablecoin competition  Looking beyond the headline decline, the trend appears more nuanced.  Part of the slowdown reflects a changing competitive landscape. As stablecoins

07-13انڈسٹری

Lawson to test JPYC in Japans first POS-linked stablecoin trial

Japanese convenience store operator Lawson will test payments with the yen-denominated JPYC stablecoin in early August.  SummaryLawson will connect JPYC payments directly to its POS system during a single-store Tokyo trial.Customers will scan mobile wallet barcodes, while HashPort updates balances using verified checkout transaction data.Japans megabanks are also preparing yen stablecoins, widening competition across regulated digital payment networks nationwide.  The company will run the trial at its Takanawa Gateway City store in Tokyos Minato Ward. HashPort, a digital asset wallet provider, will support the payment system and process balance changes linked to purchases.  Lawson described the project as Japans “first” stablecoin payment trial connected directly to a point-of-sale system. That claim comes from the company and the test has not yet started. Lawson has not announced a chainwide launch.  Japan‘s Top-Three Convenience Store Chain Lawson to Launch Country’s First POS-Integrated Stablecoin Payment Trial  Japans top-three convenience store chain Lawson will trial yen-denominated stablecoin JPYC payments in early August at its Takanawa Gateway City store in Tokyo, in…   It will decide on wider use after checking system stability and transaction speed. The company will also review whether the process fits normal store operations without slowing customers or adding extra work for employees during busy periods.  You might

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Gold Prices Slide as Iran Tensions Erase Weak US Jobs Report Rally Gains

Gold fell 1.6% and silver dropped 4.3% this past week as a fragile U.S. jobs report and a fresh U.S.-Iran flare-up pulled precious metals in opposite directions within days of each other.  Key TakeawaysGold fell 1.6% to about $4,110 as Iran halted its ceasefire on July 8, 2026.Silver dropped 4.3% to $59.70, with the FOMC minutes showing a split Fed on rate hikes.The BLS reported just 57,000 June jobs, and traders now watch CPI data for the next Fed signal.  Spot gold started the week near $4,175 an ounce. Futures pushed as high as $4,215.50 on Monday after the Bureau of Labor Statistics reported just 57,000 nonfarm payrolls added in June, well below the roughly 110,000 economists expected. The BLS also cut its April and May job totals by a combined 74,000. Unemployment ticked up to 4.2%.  Traders read the weak jobs print as a sign that the Federal Reserve would move closer to cutting interest rates. The dollar weakened against major currencies. Gold and silver both climbed into the holiday-shortened week, with silver touching $62.80 an ounce and gold trading above $4,200.  Image source: X  The rally did not last. President Trump stated on July 8 that a fragile ceasefire with Iran was over.

07-13انڈسٹری

TON Price Prediction: $1.60 Trap Door or Launch Pad — Bears Have the Edge Until $1.67 Breaks

TON is nailed to $1.60 with MACD momentum fully dead and price stuck beneath both its 20 and 50-day moving averages — the path of least resistance points toward a $1.52–$1.55 flush at 60% probabili…  Market Context: Why TON Is Moving Now  TON‘s 0.95% uptick this morning is noise, not signal. Strip away the cosmetics and what you have is a token trading 25% below where analyst consensus thought it would be six months ago. When Blockchain.news published a $2.05–$2.15 target for January 2026 back in December 2025, the thesis required momentum to hold. It didn’t. The market has systematically repriced TON lower since, and at $1.60, bulls are clinging to a single structural lifeline: the 200-day SMA sitting at $1.55.  The gap between here and any meaningful trend recovery is wide. The 50-day SMA is at $1.78 — that‘s an 11% move from current price. That kind of recovery doesn’t materialize without a credible catalyst, and as of 09:00 UTC today, there is nothing on the tape to justify that conviction.  Indicator Alignment: The Technicals Dont Lie  This is a chart where nothing is working in the bulls favor. The MACD histogram has landed exactly at zero — momentum has not just weakened, it

07-11انڈسٹری

XRP Price Prediction: Dead on Its Pivot — A $1.09 Break Opens the Door to $1.02

XRP is pinned at its own pivot point of $1.11, MACD momentum flatlining and 74% of retail crowded long — the setup reeks of a shakeout flush to $1.02 before any real recovery attempt; a break above…  The Immediate Setup  XRP is doing something traders hate to see — absolutely nothing. A 24-hour range of $1.10 to $1.12, a price change of 0.19%, and $56M in Binance spot volume. That‘s not constructive consolidation. That’s a market holding its breath, and usually when markets hold their breath this long, the exhale is violent.  The MACD histogram is sitting at essentially zero after grinding through negative territory for days. Momentum hasn‘t reversed — it’s just exhausted itself. The RSI hovering just under 50 confirms buyers are present but hesitating, unwilling to commit. Meanwhile, the stochastic %K has crossed above %D, which will tempt some into reading a bullish signal here. Be careful. A stochastic crossover inside a bearish MACD structure is a trap more often than a launch pad.  The short-term EMAs — 12 and 26 — have converged almost exactly at current price, compressing right around $1.11-$1.12. Compression like this always resolves with expansion. The question is direction, and right now the weight of evidence

07-11انڈسٹری

XRP Holds $1.10 as Ex-SWIFT CIO Kills Ripple Integration Rumor

XRP News  Former SWIFT Chief Innovation Officer Tom Zschach shut down the latest wave of speculation that the global banking messaging network is preparing to integrate or support XRP, answering the claims with a blunt two-word rebuttal on X: “Not happening.” The rumor had circulated among retail traders who asserted, without evidence, that SWIFT would “collaborate and support” public tokens rather than compete with them. Zschach, who spent roughly six years steering SWIFT innovation, noted that no official SWIFT announcement or public document backs the narrative. His intervention matters because it comes from someone who worked directly on the networks digital-asset strategy, undercutting a claim that had quickly hardened into a price expectation for the XRP token.  The correction did not end there. Chainlink community lead Zach Rynes seized on the moment to argue that XRP has “no tangible adoption or meaningful role in the financial system,” framing the SWIFT episode as proof that facts were not reaching retail holders. Rynes said the former executive‘s comment “evaporates the long-standing conspiracy delusion about SWIFT adopting XRP,” predicting the community would experience cognitive dissonance. His remarks reignited a perennial debate over the real-world utility of the Ripple-linked altcoin, pitting a rival ecosystem’s messaging directly

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Bitcoin returns to $64.3K with new 3-week BTC price highs imminent

Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower.  Key points:Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record.Declining oil prices and US dollar strength contrast with crypto market rebound.$65,000 is now “crucial resistance” to be tackled, says analysis.  Bitcoin reaches $64,350 as dollar strength, oil drop  Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs.BTC/USD four-hour chart. Source: Cointelegraph/TradingView  Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel.CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView  US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June.US dollar index (DXY) one-day chart. Source: Cointelegraph/TradingView  Commenting on the current macro landscape, trading company QCP Capital warned that risks to economies were still growing. It specifically highlighted the US Strategic Petroleum Reserve (SPR).  “With no monetary cushion coming, the physical buffers matter more. In oil, Doha talks ended with no shipping deal and missiles struck two tankers on 7 July, with Hormuz flows still well below normal,” it wrote about recent Iran events.  “The reserve looks thinner still:

07-11انڈسٹری

Morgan Stanley Targets Ethereum and Solana ETF Market Share Amid Intensifying Fee Competition

Key TakeawaysMorgan Stanley‘s ethereum and solana filings extend the bank’s proprietary crypto ETF strategy beyond its existing Bitcoin fund.The proposed pricing suggests crypto ETFs are shifting from product novelty toward competition for investor assets.Both trusts would include staking and institutional custody but remain preliminary offerings without confirmed launch dates.  Why the Crypto ETF Market May Be Entering a Commodity Phase  Morgan Stanley‘s proposed ethereum and solana exchange-traded funds (ETFs) would enter a market where issuers increasingly offer similar exposure to the same assets. The firm recently amended both filings with the U.S. Securities and Exchange Commission (SEC) to include a 0.14% management fee, below Grayscale’s 0.15% and Franklin Templetons 0.19%. The narrow spread signals intensifying price competition.  Brian Rudick, chief strategy officer at Solana treasury company Upexi and formerly head of research at crypto trading firm and liquidity provider GSR, argued that the fee matters less than what it suggests about the markets development. On July 9, he shared on X:  “Issuers dont compete on price until the product is close to a commodity and the fight is for share, the same compression the spot BTC ETFs went through.”  “ SOL ETF AUM already crossed $1B, led by Bitwises BSOL, so there is real share

07-11انڈسٹری

UFC 329 Fight Card: Odds, Prop Bets, Predictions And Picks

LAS VEGAS, NEVADA – JULY 09: (L-R) Conor McGregor and Max Holloway face off during the UFC 329 press conference at T-Mobile Arena on July 09, 2026 in Las Vegas, Nevada. (Photo by Jeff Bottari/Zuffa LLC)  Zuffa LLC  Saturday‘s UFC 329 fight card features the return of former two-division UFC champion Conor McGregor. In the evening’s main event, McGregor faces ex-UFC featherweight titleholder Max Holloway in a rematch of their 2013 bout at 145 pounds. McGregor won that contest via unanimous decision. At UFC 329, McGregor and Holloway face off at the welterweight limit of 170 pounds. Below, we look at the betting odds, line movement, potential prop bets, and picks for the UFC 329 main card.  UFC 329 Fight Card Main Event: Betting Odds, Line Movement And Predictions – Conor McGregor vs. Max Holloway 2  LAS VEGAS, NEVADA – JULY 09: (L-R) Conor McGregor and Max Holloway face off during the UFC 329 press conference at T-Mobile Arena on July 09, 2026 in Las Vegas, Nevada. (Photo by Jeff Bottari/Zuffa LLC)  Zuffa LLC  When the betting odds opened for McGregor vs. Holloway 2, Holloway was a -345 favorite over the +250 McGregor. With money coming in on McGregor, those odds have tightened. Today, Holloway is

07-11انڈسٹری

South Korea tests blockchain stablecoin in first government pilot

South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August.  SummaryGyeonggi Province will begin South Koreas first government-backed blockchain stablecoin pilot in August.ZKrypto will test issuance, settlement, privacy, fraud prevention, and proof-of-reserves through February 2027.Toss and KT have also launched separate initiatives to develop infrastructure for won-based stablecoins.  According to blockchain media outlet NexBlock, Gyeonggi Province, the countrys most populous province, will begin testing a blockchain-based stablecoin in August as part of an initiative to examine its use for regional currency and government disbursements. The project is being led by blockchain security company ZKrypto and is expected to run until February 2027.  First phase focuses on core stablecoin functions  During the initial stage, the pilot will test how the stablecoin is issued, circulated, and settled before moving into a second phase between October and December. ZKrypto said the later stage will examine fraud prevention measures, privacy protections, and the possibility of using the stablecoin across public benefit programs.  To support the pilot, ZKrypto said the system will use zero-knowledge proof technology to stop duplicate spending while protecting user privacy. The company added that proof-of-reserves technology will verify reserve assets in real time

07-11انڈسٹری
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