The digital asset market opens the day with a cautious correction. At the time of analysis, at 07:35 Moscow time, the flagship asset is showing a decline, trading near the $62,687 mark. Over the past 24 hours, the trading range has been between $62,616 and $64,340, indicating a lack of clear directional momentum. Ethereum also started the day in the red, with its price fixed at $1,780.
Market Cap Dynamics: TRON and DeXe in Focus
Among the top ten cryptocurrencies by market capitalization, TRON holds the most confident position. The asset gained 0.15% in the last 24 hours and 0.45% over the week, making it the growth leader in this segment. Meanwhile, Hyperliquid appears to be the laggard, losing 2.18% in a day and 8.14% over the week. Expanding the view to the top 100, the explosive growth of DeXe cannot be overlooked: +23.99% in 24 hours and a staggering +94.88% over seven days. On the other hand, the Pi asset continues to suffer significant losses, dropping 10.15% in 24 hours and 22.10% over the week.
Global News: From Japan to Pakistan
Japan: Stablecoins Enter Retail. One of Japan's largest convenience store chains, Lawson, has announced the launch of a pilot project to accept stablecoin payments. Starting in August, at one of the chain's stores in the Tokyo Takanawa Gateway City complex, customers will be able to pay with the yen-pegged stablecoin JPYC. The project involves telecommunications giant KDDI and crypto wallet operator HashPort. Given that Lawson has nearly 14,700 locations nationwide, the success of this experiment could become a powerful catalyst for the mass adoption of digital currencies in retail.
Thailand: Tightening Control Over Stablecoins. The Bank of Thailand is tightening oversight of stablecoin operations, particularly USDT. The regulator, together with the Securities and Exchange Commission, plans to closely monitor large transactions, cash settlements, and currency exchanges. The goal is to cut off funding channels for the shadow economy and combat money laundering. The Governor of the Bank of Thailand emphasizes that this is not a one-off action but a set of long-term measures.
Pakistan: Seeking Compromise Between Crypto and Religion. The head of the Pakistan Virtual Assets Regulatory Authority (PVARA) has called for continued dialogue on the status of digital assets under Islamic law. This follows a meeting with an influential theologian who supported a religious ban on purchases using cryptocurrency. According to a fatwa signed by six scholars, digital tokens are not recognized as property, making such transactions impermissible. Nevertheless, PVARA is committed to constructive dialogue, distinguishing between asset categories and their practical applications.
My Comment: We are witnessing a classic process of industry maturation. While Japan takes a pragmatic step toward integrating stablecoins into the real economy, Thailand and Pakistan show that regulatory and religious contexts remain key barriers. For long-term growth, the market needs to find a balance between innovation and compliance with local norms.