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The Q2 2026 GT burn has been officially executed, with 2,570,063 GT transferred to the burn address, worth over $17.75 million.
Since its launch in 2019, GT has accumulated a burn of nearly 190 million tokens, reducing the total supply from 300 million by approximately 63.32%, with a cumulative burn value exceeding $1.31B. Every transaction is on-chain, and every record is publicly verifiable.
The burn itself is not news; what is news is that it has continued uninterrupted for six years.
On-chain records: https://etherscan.io/tx/0x2c72fe227f97ea541214cb121d4e1a3073174309b92df93d91a8279f4600f048

OUSD Stablecoin Launch
The stablecoin landscape experienced a seismic shift on June 30, 2026, when Open Standard a newly formed independent company announced the launch of Open USD (OUSD), a consortium-backed stablecoin supported by more than 140 major companies, including Visa, Mastercard, Stripe, BlackRock, Coinbase, Google, American Express, Ripple, Aave, and dozens of banks and financial institutions worldwide.
This initiative represents the most significant challenge to the stablecoin duopoly held by Tether and Circle in the history of digital finance.
What Makes OUSD Different?
OUSD is fundamentally different from existing stablecoins in both its architecture and economic model.
Unlike USDT and USDC, where the issuing company captures nearly all of the reserve income generated by the underlying U.S. dollar and Treasury holdings, OUSD redistributes the vast majority of that yield back to the businesses that mint, hold, and route the token.
This revenue-sharing mechanism transforms OUSD from a profit center for a single issuer into shared infrastructure that financially rewards its distribution partners.
Additionally, founding partners can mint and redeem OUSD at zero cost with no volume caps, removing friction that has traditionally limited stablecoin adoption in commercial payments.
Leadership Statements
Zach Abrams, Interim CEO of Open Standard and co-founder of Bridge (the stablecoin startup Stripe acquired for $1.1 billion in 2025), described OUSD as:
«"A stablecoin built for the internet economy, designed by the businesses growing it."»
Will Gaybrick, Stripe's President of Technology and Business, stated:
«"Open USD will be the default stablecoin for businesses running on Stripe."»
Visa's Head of Crypto, Cuy Sheffield, also publicly announced Visa's participation alongside the full partner consortium, signaling that the world's largest payment networks are aligning behind this initiative.
Immediate Market Impact
The market reaction was swift and dramatic.
Circle's stock (CRCL) fell more than 16% on the day of the announcement, with analysts directly attributing the decline to the competitive threat posed by OUSD.
The concern is structural:
If OUSD successfully shares reserve revenue with distribution partners, businesses that currently help circulate USDC would have a direct financial incentive to switch to OUSD, potentially eroding Circle's market share and revenue model over time.
JPMorgan and other financial institutions have also called for regulatory clarity around consortium-governed stablecoins, acknowledging that OUSD's model introduces novel governance and compliance questions.
Blockchain Infrastructure
OUSD is set to launch natively on Solana as its first blockchain, with Ripple positioning the XRP Ledger as an additional settlement rail.
The choice of Solana reflects its high throughput and low transaction costs, making it well suited for payment-scale stablecoin operations.
The token maintains a 1:1 peg to the U.S. dollar, backed by cash and U.S. Treasury reserves, providing the collateral assurance institutional users require.
Governance Model
Open Standard operates as an independent entity governed by a board composed of its partner companies, ensuring that no single organization controls the stablecoin's direction.
This collective governance model aims to address the fragmentation and profit-centric design that critics have long associated with existing stablecoins.
The design echoes some principles from the discontinued Libra/Diem project but takes a more pragmatic approach.
Rather than attempting to create a new global currency, OUSD focuses on being neutral infrastructure for payments, trading, and the broader internet economy.
Competitive Landscape
The competitive dynamics remain significant.
- Tether (USDT): ~62% stablecoin market share
- Circle (USDC): ~25% stablecoin market share
OUSD enters as a challenger with unmatched institutional backing.
However, its success depends on:
- Seamless integration across partner platforms
- Robust compliance frameworks
- Demonstrated reliability under stress conditions
Its zero-fee minting and redemption model could rapidly attract volume if technical implementation matches the ambitious vision.
Why This Matters
For the broader crypto ecosystem, OUSD's launch validates the thesis that stablecoins are evolving from niche crypto trading tools into mainstream financial infrastructure.
The participation of Visa, BlackRock, and major banks signals that traditional finance no longer views stablecoins as speculative instruments but as legitimate settlement and payment rails.
This institutional embrace could accelerate stablecoin adoption in:
- Cross-border payments
- E-commerce
- Financial services
- Digital commerce beyond crypto trading
What's Next?
According to Open Standard, OUSD's full launch is scheduled for later this year.
Before launch, the consortium must:
- Finalize technical integrations
- Complete regulatory registrations where required
- Establish operational procedures for minting, redemption, and reserve management
The stakes are enormous.
If OUSD delivers on its promise of shared revenue and zero-friction infrastructure, it could fundamentally reshape how value moves across the internet economy challenging not only Tether and Circle, but also the legacy payment systems that have dominated global commerce for decades.
#OUSDStablecoinLaunch
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#非农爆冷打压加息预期 Nonfarm payrolls "shock," Fed rate hike expectations cool! Global assets in turmoil
The U.S. June nonfarm payrolls report, also the second nonfarm report since Warsh became Fed Chair, rattled global markets.
U.S. June nonfarm payrolls increased by 57k, far below market expectations of 113k, and prior month's 172k; U.S. June unemployment rate was 4.2%, the lowest since June 2025, below the market expectation of 4.3%, prior 4.3%.
U.S. short-term interest rate futures surged after the nonfarm data release, as markets cut bets on Fed rate hikes. Traders fully priced in a Fed rate hike in December, previously October. Oriental Gold had said in a research report that if the nonfarm data exceeded expectations, it would again boost the probability of a Fed rate hike.
The importance of this report far exceeds usual also because Warsh stated clearly on July 1 that interest rate forward guidance is "not suitable for the current policy environment," expecting the Fed to use real-time economic data to help make better decisions going forward. In this context, the June nonfarm data is a key variable for the Fed's future rate direction.
After three consecutive months of better-than-expected U.S. job growth, the pace slowed in June, prompting markets to lower expectations for Fed rate hikes. Although job growth declined, it remains well above the 2025 target of an average annual increase of 10k jobs.
Additionally, the simultaneously released U.S. initial jobless claims for last week were 215k, compared to expectations of 220k and prior 215k.
The current pricing logic of the precious metals market is still dominated by the Fed's policy path. After the weak nonfarm data, London spot gold surged, with intraday gains once expanding to over 2.6%, hitting a high of $4140.4 per ounce during the session, before retreating somewhat.
Meanwhile, U.S. Treasury yields fell, with the 10-year yield down 1.76 basis points to 4.457%; the U.S. dollar index briefly hit a two-week low of 100.558.
U.S. stock index futures rose, with Dow futures up 0.36%, S&P 500 futures up 0.39%, and Nasdaq 100 futures up 0.71%. In individual stocks, Nvidia rose 0.5% in pre-market trading, ASML, AMD, and TSMC rose 2%, while Intel, Micron Technology, and Lam Research briefly gained over 3%. These stocks had previously fallen between 1% and 4%. (Previous report: "Chip Stocks Rally, U.S. Stock Market Sees Big Reversal Before the Open")
Before the nonfarm data release, employment conditions were already discernible. The U.S. "small nonfarm" data released on July 1 was steady but below market expectations: U.S. June ADP employment change was 98k, the smallest gain since March, below the expected 118k, prior 122k.

#SEC主席称将促进市场向链上转移 The "Project Crypto" proposed by SEC Chairman Paul Atkins and his vision of "markets moving on-chain" are centered on promoting the tokenization, on-chain trading, and compliance of traditional financial assets (RWA). Under this macro trend, the following sectors will become core beneficiaries:
1. Traditional Financial Asset Tokenization (RWA) Sector
This is the most direct and largest beneficiary sector of on-chain migration, mainly focusing on the on-chain reconstruction of traditional financial assets:
Tokenized Treasuries and Money Market Funds: As high-quality underlying assets for on-chain settlement, tokenized Treasuries (e.g., BlackRock's BUIDL) and on-chain money market funds are experiencing explosive growth due to their high liquidity, low barriers, and 24/7 trading advantages, serving as the "cash base" for on-chain finance.
Tokenized Stocks and ETFs: With the advancement of the SEC's "Innovation Exemption" rules, the compliance channels for third-party permissionless tokenized stocks (tracking U.S. stocks, etc.) and on-chain ETFs are being cleared, greatly benefiting related tokenization platforms (e.g., Ondo Finance) and compliant asset issuers.
Tokenized Repo Market: The on-chain migration of the repo market (with massive daily exposure) will significantly unlock collateral liquidity and reduce settlement risk, providing incremental space for related on-chain collateral and clearing protocols.
Other Traditional Assets: Tokenization of corporate bonds, ABS, private credit, and other assets, as well as publicly offered tokenization, will also see increased demand due to their ability to simplify multi-layered custody processes.
2. On-Chain Financial Infrastructure and Compliance Service Sector
Asset tokenization relies on underlying technical support and compliance assurance, highlighting the value of related infrastructure sectors:
On-Chain Clearing and Settlement (DVP) Infrastructure: On-chain clearing systems supporting delivery-versus-payment (T+0), compliant wallets (e.g., DTCC token pilot), and on-chain asset registration systems, which can significantly reduce settlement risk in traditional finance, will become essential for institutional on-boarding.
Compliance Bridging and Custody Services: Custodians, compliance platforms (e.g., compliant wallets, KYC/AML service providers), and compliance bridging projects that help traditional financial assets migrate securely and compliantly to the chain will gain substantial business opportunities by resolving compliance friction between traditional finance and the on-chain world.
On-Chain Financial "Super App": Platforms that integrate functions such as trading, clearing, custody, staking, and lending into a "super app" will become the gateway for next-generation financial traffic by providing one-stop on-chain financial services.
3. Underlying Public Chains and Payment Infrastructure (Stablecoin) Sector
Underlying Public Chains (L1/L2): The large-scale on-boarding of traditional financial assets will generate massive demand for highly scalable and secure underlying blockchains (e.g., Ethereum, Solana, and compliant L2s), directly benefiting public chains and their ecosystem infrastructure.
Compliant Stablecoins: As the payment infrastructure ("water, electricity, and gas") for on-chain asset transactions, compliant stablecoins (e.g., USDC, USDT, and stablecoins issued by compliant institutions) will see their underlying support value magnified as on-chain transaction volumes surge.
4. Decentralized Finance (DeFi) and On-Chain Derivatives Sector
On-Chain Lending and Derivatives: Tokenized assets (e.g., tokenized Treasuries) used as underlying collateral for on-chain lending protocols (e.g., Aave, Sky) or on-chain derivatives trading will greatly unlock the financial derivative value of assets, providing related DeFi protocols with abundant on-chain asset liquidity.
On-chain migration does not mean shifting to permissionless full decentralization, but rather an "institutional permissioned" and "compliant" on-chain transformation. Therefore, institutions and projects with compliance qualifications that can solve traditional financial pain points (e.g., settlement efficiency, collateral circulation) will hold an absolute advantage.

#SEC主席称将促进市场向链上转移 SEC Chairman Paul Atkins' proposed "Project Crypto" and the vision of "markets moving on-chain" are centered on promoting the tokenization, on-chain trading, and compliance of traditional financial assets (RWA). Under this macro trend, the following sectors will become core beneficiaries:
1. Traditional Financial Asset Tokenization (RWA) Sector
This is the most direct and largest beneficiary sector of on-chain migration, mainly focusing on the on-chain reconstruction of traditional financial assets:
Tokenized Treasuries and Money Market Funds: As high-quality underlying assets for on-chain settlement, tokenized treasuries (e.g., BlackRock's BUIDL) and on-chain money market funds, benefiting from high liquidity, low barriers, and 24/7 trading, are experiencing explosive growth in scale, serving as the "cash base" for on-chain finance.
Tokenized Stocks and ETFs: With the advancement of the SEC's "innovation exemption" rules, the compliance channels for third-party permissionless tokenized stocks (tracking U.S. stocks, etc.) and on-chain ETFs are being opened, greatly benefiting related tokenization platforms (e.g., Ondo Finance) and compliant asset issuers.
Tokenized Repo Market: The on-chain migration of the repo market (with massive daily exposure) will significantly revitalize collateral liquidity and reduce settlement risks, providing incremental space for related on-chain collateral and clearing protocols.
Other Traditional Assets: Tokenization of corporate bonds, ABS, private credit, and other assets, as well as public tokenization, will also see increased demand due to the simplification of multi-layer custody processes.
2. On-Chain Financial Infrastructure and Compliance Services Sector
Asset tokenization relies on underlying technical support and compliance guarantees, highlighting the value of related infrastructure sectors:
On-Chain Clearing and Settlement (DVP) Infrastructure: On-chain clearing systems supporting delivery-versus-payment (T+0), compliant wallets (e.g., DTCC token pilot), and on-chain asset registration systems, which can significantly reduce settlement risks for traditional finance, will become essential for institutional on-boarding.
Compliance Bridges and Custody Services: Custodians, compliance platforms (e.g., compliant wallets, KYC/AML service providers), and compliance bridging projects that help traditional financial assets transition securely and compliantly on-chain will see significant business opportunities by resolving the compliance friction between traditional finance and the on-chain world.
On-Chain Financial "Super Apps": "Super app" platforms integrating trading, clearing, custody, staking, lending, and other functions, offering one-stop on-chain financial services, will become the entry point for the next generation of financial traffic.
3. Core Layer 1/Layer 2 Blockchains and Payment Infrastructure (Stablecoins) Sector
Core L1/L2 Blockchains: Large-scale tokenization of traditional financial assets will generate massive demand for highly scalable and secure underlying blockchains (e.g., Ethereum, Solana, and compliant L2s), directly benefiting these blockchains and their ecosystem infrastructure.
Compliant Stablecoins: As the payment infrastructure ("water, electricity, and gas") for on-chain asset trading, compliant stablecoins (e.g., USDC, USDT, and stablecoins issued by compliant institutions), providing the cash vehicle for on-chain settlement, will see their underlying support value amplified by the surge in on-chain transaction volumes.
4. Decentralized Finance (DeFi) and On-Chain Derivatives Sector
On-Chain Lending and Derivatives: Tokenized assets (e.g., tokenized treasuries) used as underlying collateral, integrated into on-chain lending protocols (e.g., Aave, Sky) or for on-chain derivatives trading, will greatly unlock the financial derivative value of these assets, providing abundant on-chain assets as liquidity for related DeFi protocols.
The on-chain migration is not about shifting to permissionless full decentralization, but rather an on-chain transformation under "institutional permission" and "compliance." Therefore, institutions and projects with compliance qualifications that can address pain points of traditional finance (e.g., settlement efficiency, collateral circulation) will hold an absolute advantage.

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Acting? Belgian infighting even brought opponents to mediate, 19 minutes later they equalized together and the mediator wept
In the early hours of July 2, in the high-profile Round of 16 match of the World Cup, Belgium faced Senegal. Trailing 0-2 in a desperate situation, two Belgian players openly argued on the pitch, even teammates came to break it up. At that moment, the whole world thought they were doomed...
As is well known, Belgium is famously a team plagued by infighting. Previously, they had caused infighting scandals multiple times during major tournaments. Today, they faced a disastrous start, trailing 0-2 within the first 60 minutes. Afterward, Belgian players began blaming each other on the field.
In the 70th minute, during a water break, Belgium's captain Tielemans and forward Trossard openly argued, fiercely disputing over tactical positioning errors. Lukaku and others quickly stepped in to mediate. Meanwhile, Senegal's players, including Camara, also voluntarily intervened, trying to pull Tielemans away.
Perhaps the Senegalese players were simply enjoying the drama while mediating. However, they would soon find themselves fooled: in the 86th minute, Lukaku scored; in the 89th minute, Trossard, who had just been arguing, provided an assist, and Tielemans headed in the equalizer!
Entering extra time, Senegal failed to score again. In the 118th minute, it was Tielemans, who had been involved in the earlier argument, who stepped up, drawing a foul from Camara. The referee awarded Belgium a penalty. Tielemans stepped up and scored. In the end, Belgium staged a stunning comeback.
After the match, Camara, who conceded the penalty, cried in agony, probably thinking: "If I had known, I would never have stepped in to mediate."
Back in the locker room, the entire Belgian team celebrated passionately, smiling and posing for a group photo. Clearly, this time, there was no infighting at all.