FxPro chief market analyst Alex Kuptsikevich said Bitcoin is facing pressure as several companies that previously helped strengthen its institutional appeal shift their focus toward AI infrastructure and data centers. The change in corporate priorities has placed BTC’s nearly flat 50-day moving average under renewed scrutiny.
Rising Treasury Yields Weigh on Stablecoin Growth
Re7 Capital said the decline in stablecoin supply over recent months can largely be linked to higher U.S. Treasury yields.
The firm noted that stablecoin expansion has historically tracked the relative attractiveness of onchain returns versus U.S. government debt. As the 10-year Treasury yield moves toward 5%, decentralized finance is facing greater competition for investor capital.
The stablecoin market reflects that shift. CoinDesk data indicates that total stablecoin capitalization has dropped by approximately $10 billion since May, while July posted the sector’s biggest monthly contraction since 2022.
The relationship previously worked in favor of crypto. After the 10-year Treasury yield climbed close to 5% in October 2023 and subsequently began declining, stablecoin supply entered a sustained growth phase.
That trend has now weakened as inflation concerns associated with the Iran conflict have pushed Treasury yields higher and slowed stablecoin expansion.
Re7 expects conditions to improve if bond yields reverse lower. A decline in Treasury yields would make DeFi yields comparatively more attractive, potentially encouraging investors to redeploy capital onchain and helping stablecoin supply resume its upward trajectory.
Anthropic Adds AI Content Watermarks to Meet EU Requirements
Anthropic is preparing to watermark content generated by its Claude models as part of its efforts to comply with the transparency requirements of the EU AI Act.
The company said Claude models launched in the European Union from Aug. 2, 2026, will include machine-readable content markers from the outset. AI-generated text will contain embedded watermarks, while supported files will feature digitally signed provenance information that identifies their AI origin.
The technology will be implemented throughout Anthropic’s product lineup, including the Claude API, Claude app, Claude Code, Cowork and Tag. The company plans to deploy the marking system globally as well, although it cautioned that not every platform or feature will necessarily support every type of marker.
Anthropic also said it will provide users and third parties with ways to identify the markings and plans to release additional technical documentation explaining how the system works.
Models released before Aug. 2 are subject to a transition period. Anthropic said it is working to introduce compatible marking capabilities to those earlier models as well.
Bitcoin Slides as Crypto Firms Turn Toward AI
Bitcoin dropped about 2% to approximately $64,200 on Monday as the broader crypto market weakened. Kuptsikevich argued that part of the pressure is coming from companies that once promoted Bitcoin but are now redirecting attention and resources toward AI.
The total cryptocurrency market capitalization also declined roughly 2% to $2.18 trillion. About 10 cryptocurrencies fell for every one that gained, highlighting the breadth of the market downturn.
The shift involves companies that played an important role in making Bitcoin more acceptable to institutional investors. Strategy and mining companies such as MARA have spent the past two years increasingly positioning themselves around AI data-center opportunities.
Kuptsikevich said institutional investors could be selling Bitcoin to raise liquidity or reallocating funds toward AI-related investments. If corporate enthusiasm for crypto continues to fade, he believes BTC liquidation pressure could intensify over the next several weeks.
He also argued that corporate participation in crypto grew when Bitcoin aligned with their broader strategic or reputational goals. Their retreat could leave the market increasingly dependent on the retail investors who formed Bitcoin’s original user base.
Technically, Bitcoin is holding slightly above its 50-day moving average. The indicator has remained almost flat for approximately three weeks, reflecting a standoff between sellers distributing Bitcoin and buyers absorbing supply. Whether BTC can continue defending that level could provide an important clue about the next major market move.
