律动BlockBeats

BlockBeats message: On July 7, according to Visa’s on-chain data, in the first half of 2026, Circle’s stablecoin USDC accounted for approximately 70% of adjusted stablecoin trading volume, further widening its lead over its competitor Tether’s USDT. During the same period, USDT accounted for about 25%.
Data show that in June, adjusted stablecoin trading volume rose to a record high of $1.79 trillion, up 63% from May’s $1.1 trillion, and up 125% from around $79.5 billion in June 2025. When Visa calculates adjusted trading volume, it excludes bot activity, transfers between trading platforms, and other blockchain transactions that cannot reflect real economic activity.

BlockBeats news: On July 7, The Kobeissi Letter posted that it currently believes the S&P 500 is preparing to break above 8,000 points, because chip stocks have quietly become the new leading sector of this bull market.
Although many of the “US stock seven giants” have fallen more than 20% from their recent highs, semiconductor stocks have already taken over as the market’s leader. Among the 10 best-performing stocks in the S&P 500 since the beginning of the year, 8 come from the chip industry.
Despite weakness in large-cap tech stocks that have led the market since 2022, the S&P 500 is still only about 1% below its all-time high. This is the first time since 2022 that the market has been led higher by sectors other than the “US stock seven giants,” while the “US stock seven giants” have moved in the opposite direction.

BlockBeats message: On July 6, Federal Reserve Governor Waller said that monetary policy should not mechanically apply historical experience, but instead assess policy effects based on the current economy’s "initial conditions." Regarding forward guidance, Waller said it is still a valuable tool that can influence markets in advance and accelerate the transmission of policy. For example, after the FOMC signaled in September 2021 that it would tighten policy in the future, although the Fed did not actually raise rates until March 2022, the two-year U.S. Treasury yield had already increased by nearly 200 basis points in advance—meaning the market had completed part of the policy transmission ahead of time.

BlockBeats message, July 6: Jiāng Zhuó’ěr, founder of the Leibet mining pool (B.TOP), posted that Strategy has sold 3,588 BTC and received $216 million. This is Strategy’s first major sale of BTC, and it is doing so by proactively selling more BTC than what’s needed to cover interest payments, even though it has $2.55 billion in cash reserves sufficient to pay 17.6 months of interest.
This move means the narrative of “Strategy never sells coins” has been broken. It’s hard to understand the reason Strategy is selling so much BTC at present. Even without dollars, it could continue to raise funds through issuing additional common shares. Although this would reduce the BTC per share, it believes that preserving the “never sells coins” narrative and faith is clearly more important than BTC per share.