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Share link:In this post: Japan’s $3.5 billion 40-year bond sale had the weakest demand since July 2024, with a bid-to-cover ratio of 2.2. Yields rose to 3.37% after the auction, reversing Tuesday’s drop sparked by speculation of reduced issuance. Last week’s poor 20-year bond auction and Ishiba’s Greece comparison intensified long-term fiscal concerns.
Share link:In this post: USD1 is expanding its impact, creating a new trend of meme token activity on BNB Smart Chain. BUILDon is the main asset to benefit from USD1 liquidity, while boosting the stablecoin’s profit. Wintermute has moved USD1 to several large-scale wallets, potentially preparing for growing activity.
Long-term macro cycle charts project Dogecoin price could surge between $3 and $12 if historical patterns repeat. DOGE is forming a rounded bottom on the monthly chart, similar to past setups that led to major rallies. TD Sequential on the hourly chart issued a buy signal, suggesting a short-term DOGE rebound from $0.224.
Quick Take The SEC’s decision to wind down its aggressive enforcement campaign against crypto does not mean people can do whatever they want in the space, said Republican Commissioner Hester Peirce. Peirce also spoke about the SEC’s role as a supervisory and disclosure agency on Thursday, and called for regulatory consistency when it comes to investor losses.
Quick Take OpenSea said that it is still working on its anticipated SEA TGE, but that certain feature releases must be in place before launching the token. OpenSea’s OS2 platform has also exited beta, launching a new “Voyages” rewards program alongside the public release.
- 11:47Li Lihui: If the US Fails to Address Its Twin Deficits, the Stability of Its Stablecoins May Be AffectedAccording to a report by Jinse Finance, the "2025 International Monetary Forum" was held on July 27. Li Lihui, former president of the Bank of China, believes that stablecoins offer innovative financial convenience but also pose systemic financial risks. He stated that the United States seeks to tie stablecoins to the US dollar to maintain its global monetary and financial dominance. If the US fails to address its twin deficits, it may affect the stability of its currency. Additionally, he pointed out that Hong Kong stablecoins could be granted more relaxed domestic access under certain conditions to support the internationalization of the renminbi. He also emphasized the need to monitor developments in decentralized financial markets, particularly those led by the US, in order to enhance China's position in the global monetary and financial system.
- 11:32Stablecoin market capitalization increased by 1.64% over the past 7 daysAccording to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins across the network stands at $265.65 billion, representing a 1.64% increase over the past seven days. Among them, USDT's market share has dropped to 61.9% (down from 62.09% last week).
- 11:07Bitgo Announces Establishment of Local Office in BrazilAccording to Jinse Finance, Bitgo, a US-based cryptocurrency custody service provider, recently announced the establishment of a local office in Brazil, aiming to attract clients from the banking sector interested in entering the cryptocurrency business. The company will also offer insurance services to clients using its solutions.