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Google Trends data showed search volume for “stablecoins” down 54% month over month in June, while DeFiLlama showed stablecoin market cap around $313.2 billion on June 27. Visa's stablecoin settlement pilot reached a $7 billion annualized run rate in April, and Stripe rolled out USDC-denominated Treasury balances for businesses in 101 previously unsupported countries.

Iranian Foreign Minister Araghchi said the Strait of Hormuz will remain under Iran's full supervision and management for the next 30 days. Araghchi said full navigational capacity will be restored after all obstacles are removed, and any intervention or unilateral action would delay the reopening.

Darkfost said Bitcoin UTXO data shows the ratio of loss-making transaction volume to profitable transaction volume has fallen to the lowest level of this bear market cycle. Darkfost said the signal indicates clear investor capitulation and has appeared multiple times at historical cycle bottoms.

Citrini analyst jukan said high-purity CO2 procurement for advanced semiconductor manufacturing is showing early warning signs as inventories fall below one month. Liquefied CO2 prices have risen about 20% since the beginning of the year, and supply constraints are expected to likely persist until the end of the year.

Grayscale head of research Zach Pandl said he hopes Strategy sells at least $3 billion in Bitcoin to cover most cash obligations for the next two years. Pandl expects a 50-basis-point increase to STRC's dividend rate, adding roughly $100 million in annual obligations over two years.

Coinbase CEO Brian Armstrong defended adults' freedom to control their money after Zcash founder Zooko criticized app push notifications. Zooko said Binance and Coinbase are pushing gambling-like features to young, immature, and economically disadvantaged users. Armstrong said high-risk products should not be aggressively promoted to inexperienced users.

Bitcoin fell below $60,000 and is on track for a roughly 12% second-quarter loss after a 22% first-quarter decline. CoinDesk data showed Bitcoin trading around $59,940 on Sunday, down nearly 7% on the week. Coinglass data showed Ether down about 25% in the second quarter after a 29% first-quarter fall.

Tiger Research argues that crypto is entering an Internet Capital Markets phase and cites tokenized RWA value growth of about 257% in 15 months. Tiger Research frames Solana as one implementation layer for U.S. institutional settlement, payments, stablecoins and RWA distribution.