The Bank for International Settlements (BIS) has warned that the expansion of the approximately US$316 billion stablecoin market could fragment the global monetary system and reduce the effectiveness of national monetary policy.
Dogecoin (CRYPTO:DOGE) open interest fell 2.4% to approximately US$959 million during the past 24 hours as continued weakness across cryptocurrency markets weighed on trading activity.
Hyperliquid's HIP-4 prediction market protocol reached an all-time high of approximately US$24.77 million in open interest as traders increased activity around markets predicting the winner of the 2026 FIFA World Cup.
Hyper Foundation has launched a grant programme worth approximately US$10 million to help ecosystem projects migrate away from USDH or complete orderly shutdowns before the stablecoin is retired at the end of July.
Bitcoin (CRYPTO:BTC) and other risk assets entered the week under pressure after the total cryptocurrency market capitalisation fell to about US$2.06 trillion.
Ripple said it is seeking to expand the use of XRP (CRYPTO:XRP) across approximately US$16 trillion in annual institutional payments and clearing activity processed through businesses it has acquired.
Argentina's Cabinet Chief Manuel Adorni resigned after facing an illicit enrichment investigation centred on previously undisclosed Bitcoin (CRYPTO:BTC) investments and amended financial disclosures.
Japan, South Korea, the Philippines, Indonesia and Russia advanced stablecoin adoption last week through a series of launches.
The European Banking Authority (EBA) has published a consultation outlining how it would calculate financial penalties for issuers of significant crypto tokens that breach the European Union's Markets in Crypto-Assets (MiCA) regulation.
SecondFi, the Cardano (CRYPTO:ADA)-based self-custody wallet formerly known as Yoroi and developed by Emurgo, said it expects to restore assets lost in a late June 2026 security incident.
Investors in BlackRock iShares Bitcoin Trust are now facing average paper losses of almost 40% after Bitcoin (CRYPTO:BTC) fell more than 50% from its October 2025 peak of about US$126,000 to around US$60,750.
Publicly traded companies holding Solana (CRYPTO:SOL) as part of their corporate treasuries recorded strong intraday gains last Friday, led by Sol Strategies.
