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BlockBeats news: On July 11, according to monitoring by EmberCN, amid the overall sluggishness in the crypto market in recent months, the combined issuance of the two major stablecoins—USDT and USDC—decreased by about $13.9 billion. Of this, USDT decreased by about $7.4 billion, and USDC decreased by about $6.5 billion.
However, the adoption of stablecoins in real economic scenarios is still growing steadily. In the first half of this year, the real-economy transaction volume of stablecoins (ATV) reached $8.82 trillion, nearing a record high of $10.8 trillion for all of last year, with USDT contributing more than half.
Against the backdrop of a decline in the overall stablecoin total issuance, the USDT issuance on the Tron chain has nevertheless risen against the trend to a historical high of $90.3 billion. In the past month alone, it added about $2 billion. This means the reduced issuance mainly came from the Ethereum ecosystem, which is primarily driven by DeFi. Meanwhile, Tron’s demand for real-world application scenarios such as cross-border transfers and payment settlement has continued to grow steadily.

BlockBeats message: On July 11, Brock Miller, head of engineering at Coinbase, posted to announce that after 8 years at Coinbase he left last month and officially joined the AI company Anthropic, where he serves as a Member of Technical Staff on the technical team, participating in research and development of cutting-edge artificial intelligence technologies.
Miller said that joining Coinbase in 2018 was one of the most important decisions of his career. During his tenure, he helped build several industry-leading products and also witnessed the crypto industry’s evolution from being widely doubted to becoming an important part of the global financial system. He emphasized that he remains firmly optimistic about the development of Coinbase and the crypto industry, and believes that AI is profoundly reshaping the field of software engineering. He noted that the future is still at an early stage of change, and therefore he looks forward to further advancing AI technology at Anthropic.

BlockBeats report: On July 11, the situation in the Middle East remained tense. Trump said he had agreed to continue negotiations with Iran, but the temporary ceasefire had ended. The U.S. demanded that Iran commit by Saturday to stop firing at ships in the Strait of Hormuz, and said it would continue to carry out strikes against Iran if necessary.
Iranian authorities said that they have never put forward demands for negotiations with the United States, but agreed that the mediator would visit Iran. Iran’s parliament speaker said it would not surrender and that if the U.S. “betrays its word,” it will adopt comprehensive defense. Iran’s foreign minister, Hossein Amir-Abdollahian? (Mohammad Javad Zarif?)/? Al? Gazz? Ali Bagheri Kani? — Al Ar? (As per source: Ali?). Ali Bagheri? (Keep as in original: 阿拉格齐) will lead a delegation to Oman on Saturday to hold talks on the Strait of Hormuz issue and bilateral relations.

BlockBeats message: On July 11, Serenity posted that regarding recent discussions about how OpenAI MRC network architecture optimization and Amazon (AMZN) RNG architecture could potentially lead to a decline in demand for optical modules, it believes that even if the number of optical modules required per single XPU decreases, the rapid expansion of AI computing capacity will still drive sustained growth in overall optical communications demand.
Serenity noted that as the number of XPU deployments increases significantly, total optical module demand is expected to continue growing. Regarding CPO (co-packaged optics) laser solutions, it believes that VCSEL is more suitable as a transition technology for the NPO (near-packaged optics) and short-distance interconnect stages. In the long run, ultra-high-power continuous-wave (UHP CW) laser sources will be the better option for CPO. This view is also consistent with Broadcom’s prior public statements.

BlockBeats message: On July 11, according to monitoring by EmberCN, Tether uses a reserve address to allocate 15% of each quarter’s profit to Bitcoin. About five hours ago, it made a tentative transfer of four BTC to Binance, worth approximately $250,000.
EmberCN stated that this address previously transferred 204.3 BTC to Bitfinex about a month ago, when it was worth approximately $14.36 million and the price of Bitcoin was about $70,000. It remains unclear whether the related assets have been sold.
In addition, Tether appears to have not yet completed the on-chain withdrawals of additional Bitcoin added for the second quarter of 2026. According to past practice, Tether typically transfers the BTC it purchases for the quarter to the reserve address on the last day of each quarter. However, as of now, more than ten days have passed since the end of Q2, and no new Bitcoin transfers to this reserve address have been observed on-chain, prompting market attention to whether it has adjusted its pace of increasing its Bitcoin holdings.

BlockBeats report: On July 11, Empery Digital, a Nasdaq-listed Bitcoin treasury company, had cumulatively sold 1,400 BTC since May 7, at an average price of approximately USD 62,200 per BTC, for total proceeds of about USD 87.1 million. This represents a reduction of nearly half compared with its prior BTC reserve size.
The announcement states that, of the proceeds received, USD 10 million was used on July 7 to repay debts, and the remaining funds will be used for the previously announced acquisition of real estate related to an AI data center, legal fees for shareholder lawsuits, and daily operating expenses. The company had previously announced an investment of USD 65 million to obtain a 25% equity stake in an entity planning to build an AI data center project in the U.S. Midwest.