QCP: AI credit risk replaces inflation, CoreWeave stock price drops 15.5%

The US market is about to launch binary options trading, where traders can bet on whether the stock prices of Coinbase, Robinhood, and Marathon can reach preset targets, with corresponding stock codes COIN, HOOD, and MARA. (Source: CoinDesk)

The CryptoOnchain report points out that Ethereum's market structure has improved after Binance's leverage cleaning, but lacks a bullish catalyst. ETH is currently at $2439, down 6.5% on the 7th and 5.2% on the 30th. Binance's open contracts decreased to $6.1 billion, long liquidation increased by 47%, ETH reserves decreased by 2.4%, and the staking rate reached 36.1%. Binance USDT reserves decreased by 2.3%, stablecoin net outflow was $175 million, Coinbase premium was -0.11, transaction volume decreased by 4%, and destruction fees decreased by 58%.

[Three Russian Officials Join A7 Board, A7A5 Total Transaction Volume Reaches $140 Billion] Russian Finance Minister Siluanov, Energy Minister Tsivilev, and First Deputy Prime Minister Manturov have joined the board of payment company A7. A7 was established in 2024 by Russia's PSB Bank and uses the ruble stablecoin A7A5 for cross-border settlements, with a total transaction volume of approximately $140 billion. (Source: Reuters)

Stablecoin issuer Circle plans to expand to approximately 50 emerging and developing markets to meet the demand for digital dollar payments in Southeast Asia, Latin America, and the Middle East. The circulating volume of USDC is about 73.3 billion US dollars, accounting for about a quarter of the stablecoin market; The market share of USDT is close to 60%, higher than that of USDC. Circle's acquisition of Tazapay for $400 million, launch of Arc blockchain, and approval of a federal trust banking license are expected to support its market expansion.

Circle CEO Jeremy Blair stated that Circle is advancing into approximately 40 emerging and developing countries, with increasing demand for stablecoins in Southeast Asia, Latin America, Africa, and the Middle East, and blockchain technology moving towards mainstream scaling. Jeremy Blair said that the GENIUS Act, which will come into effect in January next year, will enable the world to have a legal digital dollar. Circle's expansion is supported by the $400 million acquisition of Tazapay and a $100 million strategic investment from Binance. As of the second quarter, USDC circulation increased by 19% year-on-year to $73.3 billion. Jeremy Aler stated that machine to machine trading between AI agents has driven the growth of USDC usage, but the development of AI has exacerbated security risks. (Source: Reuters)