⚠️ Risks of closing Japanese yen carry trades are heating up
The yen has appreciated against the US dollar this month by about 3%, reaching its highest level since February. Investors have borrowed yen to invest in higher-yield assets, but a stronger yen raises debt repayment costs, which may force them to sell stocks and crypto assets.
Institutional view: The yen has become a global stock market warning signal. Technology stocks carry the highest risk, and the crypto market has also been hit in past episodes.
On-chain monitoring: a certain smart money chased the price up—$VVV —then is suspected to have taken profit and exited. Estimated profit is about $588,000. #VVV #Coinbase
⚠️ On-chain data shows: A whale with a $70 million BTC long position is only $400 away from the liquidation price, and short-term liquidation risk is increasing. #BTC #鲸鱼 #liquidation
After the encrypted ATM operator Bitcoin Depot went bankrupt, about a quarter of its machines were acquired at low prices. #BitcoinDepot #BTC #BitcoinBancorp
Uniswap Labs launches the “StablePair Hook” — a Uniswap v4 Hook specifically designed for stablecoin trading pairs such as USDC/USDT and USDC/USDG.
This Hook uses dynamic fee rates to automatically adjust fees based on how far the pool price deviates from the reference price. When the price is close to the reference price, it maintains a fixed spread between buy and sell prices by adjusting the fee for each transaction.
Traders receive consistent and predictable quotes, while LPs can capture a larger share of the value created.
🚀 MoneyGram launches its first Visa card supporting USDC in Colombia, with support from Rain to help develop it.
Currently available digitally within the MoneyGram app: ✅ Hold balances in USD stablecoin ✅ Make online and in-store payments via the Visa network ✅ Exchange for local cash and withdraw at branches
Initially supports USDC, with plans to add its own stablecoin MGUSD soon. Physical cards are expected to launch by the end of 2026 and expand to other markets across Latin America.