Euro stablecoins now make up more than 80% of non-dollar supply, with EURC leading volumes as MiCA and payment-rail integrations support adoption. Euro-denominated stablecoins make up more than 80% of the non-US dollar stablecoin market, which Dune says has grown to about $1.2 billion in total supply, according to a report commissioned by Visa. Dune said euro stablecoins accounted for 85% of transfer volume in the non-US dollar stablecoin market, with Circle’s EURC (EURC) emerging as the dominant euro token in the segment. The report pointed to growing euro stablecoin use across payment infrastructure, while Visa and Mastercard have separately expanded settlement support for EURC in parts of their networks. Read more
Goldman Sachs revealed a $152 million exposure to spot XRP ETFs, while volatility contracted to levels seen ahead of strong price moves. XRP (XRP) traded at $1.37 after a 3.5% decline in the last 24 hours, shrugging off Goldman Sachs’ disclosure of exposure to spot XRP exchange-traded funds (ETFs). While this highlights long-term institutional confidence, it comes amid fragile risk sentiment and a typical breakdown from a bearish setup. Key takeaways: Read more
Bitcoin lost its grip on $70,000 amid inflation and recession talk as analysis suggested that BTC price action lacked "outright stress." Bitcoin (BTC) daily losses approached 3% at Thursday’s Wall Street open as markets stayed on edge over fresh Iran tensions. Key points: Bitcoin slips from $70,000 as markets continue to observe Iran developments. Read more