Cryptocurrency
There is enough room on the market for a few stablecoins. Are stablecoins a good investment?

Analyst company Nansen published a study that looked at the onchain performance of the leading stablecoins over the past 2 years. Are stablecoins a good investment?
The study focused on four major stablecoins – USDT, USDC, BUSD, and DAI. All of them are popular among participants in the cryptocurrency community and actively compete for market share.
How many stablecoins are there – USDT leads by capitalization and transaction volume
The leader among stablecoins regarding total market capitalization has been USDT for a long time. But if you consider its capitalization on the Ethereum blockchain, the situation does not look so clear-cut. Tether dominated its segment until mid-January 2022, and then gave way to USDC due to growing panic, or FUD, and suspicions about the company’s opaque activity.
The percentage of USDT supply on the centralized exchanges fell 12% from its peak in August 2022. This is due to the collapse of FTX, which led to a huge outflow of funds from crypto platforms. The number of USDT on decentralized platforms and in stacking pools has also declined.
USDT has the highest number of unique addresses and has a high transaction volume. This proves that in 2022, retail investors chose it more often than other stable coins.
USDC is trusted by more and more market participants
The number of USDC on all categories of platforms has begun to decline. CEX has the most tokens – more than 11% of the total supply -. Five of the top 10 USDC wallets are also linked to exchanges.
The number of unique USDC addresses continues to grow, even despite a slight decline in the stablecoin’s market capitalization over the past couple of months. This indicates a rise in user interest in the asset.
BUSD is barely used outside Binance
Although BUSD is one of the largest stablecoins, it is rarely used outside Binance. Almost 92% of the steiblocoin’s supply is on centralized exchanges, and almost all of it comes from the crypto-industry leader.
BUSD has the fewest unique addresses, and the largest wallets belong to Binance and Paxos. All of this speaks to the lack of widespread adoption of Stablecoin, despite its large market capitalization.
On February 13, the SEC announced its intention to sue Paxos, causing the company to suspend the mining of new BUSD tokens. Since then, the asset’s market capitalization has fallen from $16.1 billion to $14.2 billion.
DEX users prefer DAI
Despite its smallest market capitalization, DAI significantly outperforms other stablecoins regarding onchaintransactions. Decentralized platforms account for 17% of the asset’s supply – three times more than its closest competitor, USDC.
The list of DAI holders is the most diversified of all. It includes DEX, several liquidity pools, bridges, and even treasuries. The number of DAI transactions for 2002 was 3.6 million and the total amount was over $1.2 trillion. The number of unique addresses of token holders is at a record high of 486,000.
To summarize
Despite a slowdown and, in some cases, a decline in market capitalization, mass acceptance of Stablecoin continues to grow. And while the battle between the issuers of the leading stablecoins will continue, there is definitely room in the market for the coexistence of several stablecoins with different operating mechanisms.
We previously reported that bitcoin (BTC) formed a weekly bullish takeover candle and is targeting a bitcoin rate of $25,000.
Cryptocurrency
Analyst: Skip Bitcoin FOMO, Altcoins Offer Better Gains Now

Bitcoin (BTC) has sent the crypto community into delirium, hitting a new all-time high (ATH) of almost $119,000 after brief stops around $113,000 and $116,000.
However, despite the excitement, prominent analyst CrediBULL Crypto has cautioned traders not to chase the rally blindly, suggesting that the real opportunity lies in altcoins, not Bitcoin.
Why BTC FOMO Could Be Costly
With BTC currently over 650% above its ideal accumulation zone, CrediBULL posted a stark warning on X:
“The big opportunity for gains is on ALTS even if Bitcoin is the one that is ‘leading’ this move.”
He added that anyone buying the asset at this particular point should only do so for an active trade with a clear setup.
“If you can’t identify a trade setup then there is no reason to buy Bitcoin at these levels as there are much better opportunities in alts from a R/R perspective at current levels.”
His comments echoed a broader sentiment emerging from key market voices, including former BitMEX CEO Arthur Hayes and YouTuber Crypto Rover, who likened the current market cycle to November 2024, when a major altcoin rally followed Bitcoin’s price surge.
In a recent tweet, Hayes said he had reversed his previously bearish stance, citing Bitcoin’s strong breakout and the rising dominance of Ethereum (ETH).
“Get ready for a monster alt szn,” he wrote, signaling increased institutional confidence. The crypto entrepreneur also reported that his Maelstrom Fund is ramping up altcoin exposure amid expectations of favorable political and macroeconomic shifts.
Observers have described the flagship cryptocurrency’s latest move as structurally different from past bull cycles. According to CryptoQuant, it isn’t driven by speculative angst, but rather by strategic accumulation and restrained selling activity.
Additionally, metrics like the MVRV ratio, currently 2.2 vs. over 2.7 in previous tops, SOPR, and MPI all hint at a sustainable rally with long-term potential. The drop in exchange balances, down over 21% in four months, also suggests that holders are in no rush to exit their positions.
Altcoins on the Mend
However, even with BTC in price discovery mode, Ethereum and several other altcoins are beginning to outshine it in percentage gains. ETH, for instance, is up by more than 18% in the last seven days, beating Bitcoin’s 8.9% rise in the same period. It has also reclaimed the $3,000 level and is setting its sights on $3,350–$3,500.
Meanwhile, Cardano (ADA) has pumped 23.7% across the week, reclaiming critical support at $0.64 and eyeing a return to $1. Hyperliquid (HYPE) is up nearly 19%, having set a new all-time high at $46.25, and is now targeting the $50 psychological threshold.
Even Solana (SOL) is catching a bid, with prices climbing above $164 and showing potential for a rally beyond $180.
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Cryptocurrency
XRP Breaks Free With Double-Digit Gains — Flips USDT in Market Shake-Up

TL;DR
- The consolidation phase for many altcoins, including XRP, seems to be over, and Ripple’s native token is on the run again toward $3.
- On its way up, it managed to surpass USDT in terms of market cap and is now back in the third spot after months of hiatus.
The graph above clearly demonstrates the price stagnation XRP had to endure for the past month or so. Its upper boundary was at around $2.6, while it also tested the lower one at $1.9 during the darkest hours of the war between Israel and Iran.
Nevertheless, each attempt met immediate rejections, and the cryptocurrency was pushed south to a tight range between $2.2 and $2.3. However, there were multiple signs that the consolidation could be coming to an end, and one analyst even warned that most traders will miss the breakout.
Such a price surge indeed started to materialize in the past few days, and especially today. XRP has been among the top performers on a daily scale, having surged by 20% at one point and coming close to $3 on most exchanges.
Although it was stopped there and now sits just under $2.8, it’s still up by over 12% since yesterday. Its market cap has spiked above $160 billion for the first time in months, and XRP has now become the third-largest cryptocurrency, by overtaking Tether’s USDT.
The move north was quickly picked up by the XRP Army, many of whom praised the asset’s performance and provided some bullish (and outrageous) predictions.
$XRP at $2,500 isn’t just a dream.
-Because a pump like 2017 would easily clear $2,000 ✅
Fact: The yearly resistance is now free so expect vertical price discovery. pic.twitter.com/A4G3PasuVk
— Crypto Bitlord (@crypto_bitlord7) July 11, 2025
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Cryptocurrency
Bitcoin Breaks ATH, Hayes Flips Bullish: ‘Maelstrom Is Backing Up the Truck’

BitMEX co-founder Arthur Hayes has decisively flipped bullish and even announced that Maelstrom Fund is “backing up the truck.” The exec’s comments came as Bitcoin (BTC) broke through its all-time high above $118K on strong volume.
He also revealed that Ethereum (ETH) began to follow with potential outperformance, and markets began pricing in a Trump administration’s readiness to ease trade tensions.
From Bearish to Bullish
This pivot follows Hayes’ prior cautious stance, which was rooted in concerns about a Treasury General Account (TGA) refill draining liquidity.
In his previous essay, Hayes explained that the US Treasury Secretary, whom he calls “The Big Bessent Cock (BBC),” faces an impossible task: funding ballooning deficits without causing a bond market revolt. To manage this, the government is turning to innovative liquidity engineering, including stablecoin adoption by “too big to fail” (TBTF) banks, which could unlock up to $6.8 trillion in T-bill buying power.
Hayes also noted that if the Fed stops paying interest on reserves, it could unleash another $3.3 trillion, bringing the total potential liquidity injection to $10.1 trillion.
He argued this approach was the modern replacement for QE, by maintaining equity markets and crypto afloat despite the Fed’s tightening posture. The exec warned that the TGA refill could briefly interrupt crypto’s bull momentum.
Despite this, Bitcoin’s resilience in busting through resistance while Ethereum appears to be positioning for a “monster alt season.”
“Frontloading Ahead of Trump Tariffs”
Adding to this backdrop, QCP Capital, in its latest analysis, also identified frontloading ahead of potential Trump tariffs as a key macro driver. Manufacturers are accelerating imports and production to preempt implementation, which has led to increased trade and manufacturing credit and improved liquidity conditions.
The firm views the current environment as supportive for continued crypto upside, with steady ETF inflows and strong structural demand boosting momentum.
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