# July 8: Bitcoin Slips as Middle East Tensions Return

Page: https://stenobird.com/podcast/daily-crypto-news-6024634/july-8-bitcoin-slips-as-middle-east-tensions-return
Text version: https://stenobird.com/podcast/daily-crypto-news-6024634/july-8-bitcoin-slips-as-middle-east-tensions-return.md
Podcast: [Daily Crypto News](https://stenobird.com/podcast/daily-crypto-news-6024634)
Published: 2026-07-08T12:15:45+00:00
Episode link: https://shows.acast.com/today-in-web-3/episodes/6a4e3f71f8a80edf85cf4b7a
Audio file: https://sphinx.acast.com/p/open/s/63e26a946b77a10011ea5094/e/6a4e3f71f8a80edf85cf4b7a/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/july-8-bitcoin-slips-as-middle-east-tensions-return
Duration seconds: 614

## Resource

Podcast Show Notes Summary After returning from a short camping trip, Matt breaks down another volatile day for crypto as Bitcoin slips following renewed tensions in the Middle East after the collapse of the Iran ceasefire. He also covers India's continued push toward stricter crypto policies, Kalshi's latest courtroom loss in New York, and why prediction markets remain caught between financial regulation and gambling laws. The episode also dives into new data showing  USDT processed $95 billion in commercial payments  during the first half of 2026, while USDT and USDC now account for  83% of the entire stablecoin market . Matt explains why stablecoins are quietly becoming one of the most important pieces of financial infrastructure and why their growth may be a bigger long-term story than Bitcoin's daily price action. Finally, Matt discusses Tom Lee's BitMine purchasing another  40,000 ETH , bringing its holdings close to  5% of Ethereum's circulating supply , and shares his concerns about whether large institutional ownership and Ethereum's move to Proof of Stake could eventually create decentralization issues. Happy Hodling, Everyone. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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