Tether conducted a major burn of $2.5 billion USDT on the Ethereum network on July 7, 2026, reducing the circulating supply by about 1.3%. This burn was driven by large customer redemptions rather than a strategic move to reduce supply, as the USDT peg remained stable around $1.00. The event highlights ongoing shifts in stablecoin supply and may influence Bitcoin price predictions for July, with some market watchers expecting upward pressure on Bitcoin. Investors should watch for further stablecoin supply changes and macroeconomic factors that could affect crypto markets.
Japan's prolonged yen weakness is driving more companies to adopt cryptocurrencies like Bitcoin and XRP as alternatives to holding cash. SBI VC Trade, a crypto exchange by SBI Holdings, reports increased corporate demand and a doubling of registered ...
Bitcoin and other major cryptocurrencies declined due to rising US-Iran military tensions, which boosted the US dollar and increased geopolitical uncertainty. The conflict led to higher oil prices and inflation concerns, prompting expectations of hig...
The Japanese yen is trading near its weakest level in four decades, prompting companies to diversify reserves by adding bitcoin and XRP to their balance sheets. SBI VC Trade reports rising corporate demand for these cryptocurrencies, driven by the ye...
Bitcoin ETFs attracted $21.435 million and Ethereum ETFs $26.925 million in inflows on July 7, marking consecutive days of net gains. This trend suggests growing institutional confidence and demand for regulated cryptocurrency exposure despite previo...
Bitcoin and other major cryptocurrencies declined after renewed U.S.-Iran airstrikes escalated tensions, pushing oil prices higher. The conflict, involving attacks on ships and military installations, threatens to collapse the fragile ceasefire and h...
