JD.com and Ant Group are lobbying the People's Bank of China to authorize a yuan-based stablecoin in Hong Kong, aiming to reduce reliance on US dollar-backed digital currencies. Both companies plan to issue Hong Kong dollar-backed stablecoins when new regulations take effect on August 1, but argue that a yuan-pegged version is essential for promoting the yuan's international use. Currently, over 99% of stablecoins are tied to the US dollar, with Tether's USDT holding a 68.2% market share. Chinese exporters increasingly use USDT for international payments, bypassing currency risks and capital controls. Despite China's 2021 ban on cryptocurrencies, policymakers are showing interest in stablecoins for cross-border payments. Hong Kong's upcoming Stablecoin Ordinance provides a regulatory framework, allowing companies like JD.com and Ant Group to apply for licenses. If approved, a yuan-pegged stablecoin could mark a significant shift in China's approach to digital assets and enhance the yuan's role in global finance.
The IMF rejected Pakistan's energy subsidy proposal for crypto mining, citing market disruption. The government aims to revise and resubmit the proposal or find alternative support. Continue Reading: IMF Rejects Pakistan’s Bold Energy Subsidy Plan for Crypto Mining The post IMF Rejects Pakistan’s Bold Energy Subsidy Plan for Crypto Mining appeared first on COINTURK NEWS .
The post SUI Price Eyes $3.30 as RSI Nears Overbought, What’s Next? appeared first on Coinpedia Fintech News Sui has emerged as one of the top gainers today, fueled by bullish macro news and explosive on-chain fundamentals. As of press time, SUI is priced at $3.02, up 9.58% in the past 24 hours and nearly 13% on the week, which is an impressive gain. Much of this enthusiasm comes from the SEC’s approval of a Grayscale ETF that includes leading assets such as BTC, ETH, SOL, XRP, and ADA. This has lifted sentiment across the Layer-1 space, including SUI. On the utility side, the Sui network hit a key milestone by processing $27.3 billion in token volume in June, signaling significant ecosystem growth and dApp usage. Intriguing enough? Join me as I decode the short-term SUI price analysis. Sui Price Analysis: Technically speaking, SUI is showing signs of bullish momentum, supported by surging volume and a breakout from key resistance zones. The 4-hour chart shows SUI trading above the 20-day Bollinger Band midline and holding well above the lower band. The token hit a 24-hour high of $3.08 and is now testing a critical resistance zone between $3.20 and $3.30, as marked on the chart. This area has previously rejected price advances and could act as a short-term hurdle. If bulls manage to push above this level with sustained volume, a breakout toward new local highs could follow. On the downside, immediate support lies at $2.9847, aligning closely with the middle Bollinger Band and psychological support. Below that, $2.84 is a major support level, clearly marked on the chart, and has historically served as a strong demand zone. Also read: Sui Price Prediction 2025, 2026-2030! FAQs Why is SUI price surging today? ETF news, surging transaction volume, and strong on-chain fundamentals have all contributed to the bullish move. Should I buy SUI now? The RSI at 68.6 suggests it’s nearing overbought territory, which may lead to consolidation or a minor pullback. What are the key support and resistance levels to watch? Resistance lies at $3.20–$3.30, support is seen at $2.9847 and $2.84 on the downside.
The Altcoin Season Index (ASI) from CoinMarketCap reveals a decisive Bitcoin Season with a current score of 24, signaling Bitcoin’s dominance over altcoins in recent market trends. This index, which
Bitcoin climbed above $109K, triggering a surge across the markets: Ethereum ($ETH) – up 4.65% XRP ($XRP) – up 3.86% Solana ($SOL) – up 7.85% Tron ($TRX) – up 4.17% But one of the biggest daily surges came from an unexpected corner, as Dogecoin mounted an 8% rally and broke the key $0.17 mark. As meme coins rebound, could the purest meme coin of them all be poised to hit the stratosphere? Time for a closer look. What’s Driving the Rally? A wave of optimism around potential US Federal Reserve rate cuts , prompted by recent dovish statements from key officials, energized risk assets. Overall, markets are bullish and tokens are up for a number of reasons. Approvals of new crypto exchange-traded funds (ETFs) signaled increased institutional interest, especially in altcoins. Greater clarity in US crypto regulation is drawing fresh capital into the market. Growing TradFi and DeFi convergence – including banking applications for key crypto institutions – has lowered barriers to entry while increasing a sense of trust. There’s still uncertainty, especially ahead of the Labor Department’s expected employment report on July 3. But for now, positivity reigns, and traders clamor for more gains. Zach Pandl, head of research at Grayscale, noted , ‘Bitcoin is in the passenger seat… Recent crypto ETP approvals may be raising investor confidence that TradFi capital will make its way into altcoins.’ He expects new token highs later in the year, and it’s not just Bitcoin we’re talking about. Wider Market Backdrop Still Positive for Key Crypto Players US equity benchmarks like Nasdaq and the S&P 500 also ticked up, with the S&P 500 hitting an all-time high . However, geopolitical and fiscal uncertainties – such as the delayed U.S. budget , ongoing global trade tensions, and regional conflicts – remain a constant worry for investors. Spot Bitcoin ETFs saw net outflows on July 1 , suggesting some caution, though that was the first day in a 15-day streak of inflows. Ripple’s application for a national bank charter with the US Office of the Comptroller of the Currency (OCC) marked another sign of growing institutional integration. And President Trump’s enthusiastic endorsement of a U.S.-Vietnam trade deal may boost broader risk-on sentiment. All told, it’s no surprise that Dogecoin made a strong push – and could be forming the base for another surge to $0.19 or beyond. A strong performance from the world’s biggest meme coin creates a favorable environment for the purest, simplest, strongest meme coin presale – Token6900 ($T6900). Token6900 ($T6900) – All Meme, All the Time First there was the SPX6900 token, a meme with no utility, just a $1.2B market cap. It’s up 4.3% in the past week, kicking butt and taking names. Now there’s Token6900 ($T6900) , with even less utility but more…tokens? Yes, it has one more token than SPX6900. Talk about pettiness, right? The project is pure meme coin madness, all mood and all vibe. And it’s all potential, too – the potential to ride the growing meme market to unprecedented heights. The truth of $T6900 is that it isn’t just another meme coin – it’s the most literal meme coin possible. The truth is the meme, and the meme is truth. There’s no hiding, no fancy promises of future utility – just a meme, a presale, and slaptastic potential. True meme coin aficionados are already buying in; the presale has raised over $191K in a matter of days, with tokens priced at only $0.006425. Visit the Token6900 presale page to learn more. Memes Ready to Make Bank in Bullish Markets Crypto markets are currently buoyed by encouraging macro signals, institutional momentum, and regulatory progress. While underlying uncertainties persist, the prevailing sentiment leans toward upside – and Token6900 taps into that outlook to unleash pure meme coin momentum. Do your own research – this isn’t financial advice.
OpenAI has warned people to “be careful” of so-called tokenized equity...
The post Spend Ethereum Anywhere? How SpacePay Makes Crypto Payments Simple appeared first on Coinpedia Fintech News You’ve got Ethereum sitting in your wallet, but when’s the last time you actually spent it? Probably never. Most places still give you blank stares when you mention paying with crypto. That’s exactly what SpacePay is fixing with their payment platform that works with existing card machines, supports over 325 crypto wallets, and charges just 0.5% in fees while protecting merchants from price swings through instant fiat conversion. The London startup has already raised over $1.1 million in their presale, with $SPY tokens currently priced at $0.003181. Making Ethereum Payments Work in Real Stores Most crypto payment solutions fail because they’re complicated. Store owners take one look at the setup requirements and walk away. Who wants expensive new equipment and weeks of staff training? SpacePay solves this by working with Android card readers that businesses already have. No new hardware needed. Just a software update and suddenly that same terminal can handle Ethereum payments alongside regular cards. The customer experience stays simple too. You scan a QR code with whatever wallet you’re using, check the amount, and tap to pay. Takes about as long as using Apple Pay. No typing long wallet addresses or waiting around while transactions process forever. Since SpacePay plays nice with hundreds of different wallets, you can keep using whatever app you already have. Got MetaMask? Perfect. Prefer Trust Wallet? That works too. Some obscure wallet nobody’s heard of? Probably fine. Pretty simple stuff. https://twitter.com/SpacePayLtd/status/1937934902780944413 How Merchants Stay Safe from Crypto Price Swings Here’s the thing that scares most business owners about accepting Ethereum. The price jumps around like crazy. Nobody wants to sell a $100 item for ETH in the morning, then find out it’s only worth $85 by afternoon because the market had another episode. SpacePay handles this perfectly. When someone pays with Ethereum, the merchant gets regular money in their account right away. That $100 sale stays exactly $100, period. Doesn’t matter if ETH decides to crash or the moon five minutes later. The system locks in the exchange rate for those few seconds while payment processes. If the market goes wild during that tiny window, SpacePay absorbs the difference. The shop owner just sees a normal payment hitting their account. This removes the biggest excuse merchants have for avoiding crypto. They don’t need to understand blockchain technology or follow price charts. They just get paid in dollars like always, except now they can serve customers who prefer digital money. Visit SpacePay Presale Why Those Low Fees Actually Matter Credit card companies have been taking their cut for so long that most people just accept it. But those 2.5% to 3.5% fees really add up fast. A busy coffee shop doing $25,000 monthly is handing over about $750 just in processing fees. SpacePay charges 0.5%. Same coffee shop would pay $125 instead. That’s $625 extra every month that could go toward better equipment, staff bonuses, or actually fixing that broken espresso machine that’s been acting up. The savings work because SpacePay cuts out all the middlemen. With regular credit cards, your payment bounces around between banks and processors, with everyone taking their piece. SpacePay creates a more direct route using blockchain tech, so there are fewer hands grabbing money along the way. Small businesses can’t catch a break lately – costs keep rising while customers spend less. Every dollar they can keep matters. That extra cash might be what lets them hire another employee instead of working seven days a week. The Crypto Community Finally Gets What It Wants Crypto holders have been sitting on their digital money for years, watching it grow but never actually using it. Sure, you could sell your Ethereum and buy stuff with cash, but then you miss out if prices keep climbing. Plus selling means dealing with taxes and exchange fees. SpacePay lets you spend your ETH directly. No converting, no extra steps, no hassle. Got a wallet full of Ethereum and want to grab dinner? Just scan and pay. Your crypto gets used for what it was supposed to do – buy things. The speed matters too. Regular crypto payments can take forever to confirm. Sometimes you’re standing there for twenty minutes waiting for the blockchain to do its thing. With SpacePay, everything happens in seconds. Fast enough that it feels normal. Since the system accepts pretty much any wallet you throw at it, there’s no need to clutter your phone with another app or figure out some new system. Just stick with what you know. Getting Started with SpacePay The $SPY presale accepts various payment methods including ETH, BNB, MATIC, AVAX, USDT, USDC, and regular bank cards for people new to crypto. Anyone interested can visit SpacePay’s official website , connect their crypto wallet, and purchase tokens at the current price of $0.003181 per $SPY. JOIN THE SPACEPAY ($SPY) PRESALE NOW Website | (X) Twitter | Telegram
Ethereum rockets above $2,600 in a recent bullish run as it awakens from a previous slump. The token has seen an increase of trading volume following drop in U.S. payroll numbers. Recent data from crypto.news shows that ETH ( ETH ) is on a bullish run, rising as much as 6% from its previous price point. At around 9:45 UTC, the second largest cryptocurrency by market cap reached a peak of $2,608.70 as other cryptocurrencies like XRP and SOL follow its lead. At press time, ETH has gone up by 5.54% in the past 24 hours. The token is currently trading hands at $2,590, suffering a slight correction from its earlier peak. Despite the dip, it maintains its position near the $2,600 level. Additionally, ETH’s trading volume has experienced an 83.7% increase compared to the previous trading day. Its daily trading volume now sits at $25.4 billion, which indicates a rise in market activity. Ethereum’s market cap now stands at $313 billion, having experienced a 5.56% boost. Price chart for Ethereum in the past 24 hours of trading, July 3, 2025 | Source: crypto.news You might also like: Ethereum price slides lower, nearing the $2,400 mark Why is Ethereum surging? The rally is fueled by a mix of macroeconomic signals, institutional activity, and strengthening on-chain metrics, which point to a renewed investor appetite for the crypto asset. In fact, one of the main drivers behind the ETH rally is a wave of optimism in traditional markets. U.S. payroll numbers released earlier today came in weaker than expected, reinforcing hopes that the Federal Reserve could cut interest rates sooner rather than later. With lower rates potentially reducing the cost of capital and boosting demand for riskier assets, cryptocurrencies like Ethereum are experiencing renewed inflows. Data from SoSoValue shows that even though Ethereum ETFs have seen outflows of $1.82 million, its cumulative total net inflow is still standing tall at $4.25 billion. Another possible reason behind the boost is the recently held Ethereum Community Conference, where co-founder Vitalik Buterin talked about the future of crypto, as well as called out fake decentralization claims in the industry. Read more: EthCC: Vitalik Buterin believes crypto has reached an ‘inflection point’
Ripple Labs has submitted an application for a national banking license in the U.S., aiming to position its RLUSD stablecoin under comprehensive federal and state regulatory oversight. This strategic move
BitcoinWorld Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings The cryptocurrency world is often associated with volatile price swings, but beneath the surface, a segment of the market is quietly generating immense wealth. Stablecoins, designed to maintain a stable value relative to a fiat currency like the US dollar, have become a cornerstone of the digital economy. Recent figures have unveiled a truly staggering achievement: Stablecoin companies have collectively pulled in close to $10 billion in annual revenue over the 12-month period ending in June 2025. This remarkable figure underscores the growing influence and profitability of these digital assets, signaling a new era of financial prowess within the crypto space. Understanding the Unprecedented Stablecoin Revenue Boom For many, the idea of a ‘stable’ asset generating billions in revenue might seem counterintuitive. Unlike volatile cryptocurrencies that aim for appreciation, stablecoins are built for stability. So, how do these issuers rake in such substantial earnings? The primary mechanism involves holding reserves—often in the form of short-term U.S. Treasury bills or other liquid assets—that back the stablecoins in circulation. The interest earned on these reserves, often referred to as ‘seigniorage,’ forms the bulk of their income. As the demand for stablecoins grows, so does the pool of reserves, leading to increasingly significant returns. The reported $10 billion in Stablecoin Revenue highlights the immense scale at which these operations are now running. This isn’t just a fleeting trend; it’s a testament to the fundamental utility stablecoins provide in facilitating seamless transactions, acting as a safe haven during market volatility, and enabling efficient cross-border payments. The ecosystem they support is vast, touching everything from decentralized finance (DeFi) to everyday crypto trading. Who Are the Big Players in the Stablecoin Market? The CoinDesk figures, shared on X, offer a clear snapshot of the leading entities driving this revenue surge. While the overall pie is impressive, a few key players dominate the landscape, showcasing their strategic positioning and market penetration. Here’s a breakdown of the top earners: Stablecoin Issuer Annual Revenue (12 Months ending June 2025) Tether $6.56 billion Circle $1.89 billion Sky Protocol $384 million Ethena $332 million Total (Approx.) ~$10 billion This table clearly illustrates the hierarchy within the stablecoin market, with Tether maintaining a significant lead. Tether Earnings: The Undisputed Leader’s Financial Might Tether (USDT) stands out as the dominant force, accounting for a staggering $6.56 billion of the total revenue. This figure alone is more than three times the earnings of its closest competitor, Circle. Tether’s longevity, widespread adoption across exchanges, and its first-mover advantage have cemented its position as the most used stablecoin globally. The sheer volume of USDT in circulation means that even a modest yield on its extensive reserve holdings translates into monumental profits. This robust performance of Tether Earnings not only validates its operational model but also highlights the immense trust and utility it provides to millions of users worldwide. Tether’s strategy often involves diversifying its reserves into various low-risk, high-liquidity assets, including U.S. Treasury bills, which have seen rising yields in recent periods. This prudent management of its backing assets is a key factor in its consistent and impressive revenue generation. Circle and Other Stablecoin Companies: Diversifying the Landscape While Tether leads, Circle, the issuer of USDC, follows with a substantial $1.89 billion in revenue. USDC has positioned itself as a highly regulated and transparent alternative, particularly appealing to institutional investors and businesses. Its growth underscores the demand for compliant and audited stablecoin solutions. The strong performance of Stablecoin Companies like Circle indicates a maturing market where different issuers cater to diverse user needs and regulatory preferences. Beyond the top two, newer players like Sky Protocol ($384 million) and Ethena ($332 million) are also making significant inroads. Their emergence and substantial earnings demonstrate that innovation and specific niche offerings can carve out profitable segments even in a market dominated by giants. Sky Protocol and Ethena, for instance, might be exploring different stablecoin models or targeting specific DeFi ecosystems, showcasing the evolving dynamics within the stablecoin space. What Drives the Growth of Crypto Stablecoins? The impressive revenue figures aren’t just arbitrary numbers; they are a direct reflection of the underlying utility and adoption of Crypto Stablecoins . Several factors contribute to their burgeoning growth and profitability: Market Volatility: Stablecoins serve as a safe haven during periods of high crypto market volatility, allowing traders to quickly move out of riskier assets without exiting the crypto ecosystem entirely. DeFi Expansion: They are the lifeblood of decentralized finance (DeFi), enabling lending, borrowing, and yield farming protocols without exposure to price fluctuations. Cross-Border Payments: Stablecoins offer a faster, cheaper, and more efficient alternative to traditional remittance services, particularly in regions with limited access to conventional banking. Global Accessibility: They provide financial access to unbanked and underbanked populations, fostering financial inclusion. Institutional Adoption: More institutions are exploring stablecoins for treasury management, settlement, and as a bridge between traditional finance and crypto. Interest Rate Environment: Rising global interest rates on reserve assets have directly boosted the profitability of stablecoin issuers. These drivers collectively create a robust demand for stablecoins, which in turn fuels the revenue generation of their issuers. The Mechanics Behind Digital Currency Revenue: How Do They Do It? Delving deeper into how these entities generate such significant Digital Currency Revenue reveals a sophisticated interplay of financial management and market dynamics. The core business model revolves around: Reserve Management: Issuers take fiat currency (or other assets) from users in exchange for stablecoins. These fiat deposits are then invested in highly liquid, low-risk instruments like U.S. Treasury bills, commercial paper, money market funds, or even corporate bonds. Interest Income: The interest earned on these reserve investments is the primary source of revenue. As the total supply of stablecoins increases, so does the amount of reserves, leading to higher interest income. Transaction Fees (Minor): While less significant than interest income, some platforms may charge small fees for minting or redeeming stablecoins, or for certain on-chain transactions involving their stablecoins. Lending/Staking (for some): Certain stablecoin models or related entities might engage in lending out a portion of their reserves (overcollateralized) or staking them in DeFi protocols to generate additional yield, though this carries higher risk and is less common for the largest, most conservative issuers. The transparency and auditing of these reserves are crucial for maintaining user trust and regulatory compliance, particularly for major players like Tether and Circle. Benefits and Opportunities: What Does This Mean for the Ecosystem? The burgeoning revenue of stablecoin companies signals several positive developments for the broader cryptocurrency and financial ecosystems: Increased Investment in Infrastructure: Higher profits enable issuers to invest more in security, compliance, and technological advancements, benefiting all users. Enhanced Stability: The robust financial health of issuers contributes to the overall stability and reliability of the stablecoin market, reducing systemic risk. Regulatory Engagement: Significant revenue incentivizes issuers to engage more proactively with regulators, potentially leading to clearer guidelines and broader acceptance. Innovation and Competition: Profits can be reinvested into research and development, fostering new stablecoin models, features, and use cases, and encouraging healthy competition. Mainstream Adoption: The proven profitability of stablecoins makes them more attractive to traditional financial institutions and corporations, accelerating mainstream adoption of digital assets. Challenges and the Road Ahead for Stablecoins Despite the impressive revenue, the stablecoin sector faces ongoing challenges. Regulatory scrutiny remains a significant hurdle, with governments worldwide grappling with how to classify and regulate these digital assets. Concerns around reserve transparency, consumer protection, and potential systemic risks are frequently raised. Geopolitical tensions and macroeconomic shifts can also impact the value and liquidity of reserve assets, posing risks to issuers. However, the proactive engagement of leading stablecoin companies with regulators, coupled with their strong financial performance, suggests a path towards clearer regulatory frameworks. The future likely holds increased integration with traditional finance, expansion into new use cases like tokenized real-world assets, and continued innovation in stablecoin design. Conclusion: A New Pillar of the Digital Economy The revelation that stablecoin companies are generating nearly $10 billion in annual revenue is a watershed moment for the cryptocurrency industry. It underscores the profound utility and economic impact of stablecoins, moving them beyond mere trading tools to become a significant, revenue-generating pillar of the digital economy. Tether’s commanding lead, coupled with the strong performance of Circle, Sky Protocol, and Ethena, paints a picture of a maturing and incredibly lucrative sector. As the world increasingly embraces digital finance, stablecoins are not just facilitating transactions; they are building substantial businesses, driving innovation, and laying the groundwork for the financial systems of tomorrow. Their success is a powerful indicator of the crypto market’s evolution and its growing integration into global finance. To learn more about the latest crypto market trends, explore our article on key developments shaping digital currency revenue and institutional adoption. This post Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings first appeared on BitcoinWorld and is written by Editorial Team