Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$174,756 moving +3.3% at the time of writing. Meanwhile, Ethereum ends at AU$6,735 moving +3.2% week-on-week. On the Altcoin side, Solana +8.4%, Dogecoin +9.6%, and XRP +1.3% change.
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🗞 What’s happening in the news?
🌏 Stablecoin Adoption Could Reach AU$6.4T in Cross-Border Payments
EY-Parthenon surveyed 350 executives in June and found that 13% of firms already use stablecoins, mainly for cross-border transactions. Among those not yet using them, 54% said they expect to adopt within the next 6 to 12 months. The GENIUS Act, signed into U.S. law in July, was seen as a turning point, providing clarity on reserves, issuer approvals and tax treatment. Cost savings are also driving adoption, with 41% of current stablecoin users reporting at least a 10% reduction in expenses. By 2030, respondents estimated stablecoins could support 5%–10% of all cross-border payments, worth USD$2.1–4.2 trillion (AU$3.2–6.4 trillion).
🔐 Bitcoin Faces Quantum Deadline, Warns Solana Founder
Speaking at the All-In Summit 2025, Solana co-founder Anatoly Yakovenko predicted a “50/50” chance of a quantum breakthrough within the next five years. “We should migrate Bitcoin to a quantum-resistant signature scheme,” he said, warning the community to “speed things up.” He pointed to the rapid shift of AI from research to real-world deployment as a sign of how quickly technology can advance. Experts remain split: Naoris Protocol’s David Carvalho warned quantum computers could break Bitcoin’s cryptography in less than five years, Blockstream CEO Adam Back suggested the risk is “maybe 20 years” away, while Jan3’s Samson Mow said it is real but likely a decade off.
🏛️ASIC Moves to Ease Stablecoin Rules in Australia
The Australian Securities and Investments Commission (ASIC) has introduced class relief allowing intermediaries to distribute stablecoins issued under an Australian Financial Services (AFS) licence without holding separate licences. The measure, which takes effect once registered in federal legislation, was welcomed by Blockchain APAC CEO Steve Vallas, who said: “This decision helps bridge regulatory friction while Treasury finalises its proposed stablecoin regime… The market is moving and ASIC is being pragmatic.” Vallas also noted that success will be “demand-led” as global players look to meet Australian regulatory requirements directly or through partnerships. Importantly, issuers remain responsible for disclosure and prudential obligations.
📖 What we’ve been reading
China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters
At least two brokerages have been advised not to conduct any RWA business offshore, according to the report, citing sources familiar with the matter. Read more ➔
U.S., U.K. Form Task Force to Align on Crypto and Capital Markets
The new Transatlantic Taskforce, announced by Treasury chiefs Rachel Reeves and Scott Bessent, aims to deepen cooperation on digital assets and cross-border capital raising. Read more ➔
First Chinese CNH stablecoin debuts as global race heats up
Governments around the world are exploring and launching stablecoins to remain competitive against dollar-pegged digital fiat tokens. Read more ➔
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
