As of April 25, Tether still commands a colossal 66% market share among stablecoins, while USDC, the reliable second place contender, struggles to hold onto a measly 28%. Meanwhile, Ethena’s USDe, which ranks a distant third, might as well be holding a “We Tried!” ribbon with its 2% market share. It’s like watching a three-legged race where one participant just gave up and decided to nap under a tree.
But wait, PENGU decided to put on its little penguin tuxedo and waddle right back, climbing over 230% from its April and yearly low. Impressive, right? Or just a fluke? Now the real question: can those bulls keep the joke going, or is this the punchline?
Kaiko’s clever little report tells us that this price popcorn was just the start. Oh no—onchain activity soared a gobsmacking 200%! Investors puffed their chests and dived headfirst into the frenzy, fighting tooth and nail (well, mostly with digital wallets) to score a prime spot at Trump’s exclusive banquet.
In a lively little note dated April 25 (because who doesn’t love letters addressing the nation’s biggest eyebrow-raisers?), Warren teamed up with California’s Senator Adam Schiff to poke the US Office of Government Ethics’ acting director, Jamieson Greer. They want to know how the heck the folks holding a bunch of TRUMP tokens somehow got invites to a fancy dinner and a White House tour. 🍽️👀
“Look here!” he cries, “The gold, that treasured relic once hoarded in vaults, has soared like an intoxicated cat to $3,500. But behold its folly: overextended, teetering on the edge like a gambler with no chips left. Meanwhile, Bitcoin—our unruly beast—aint tied to gold’s slow march. It dances with Nasdaq, a wild child craving risk, while gold cowers in dull safety.”
Once upon a time in late 2022, Nexo hit the brakes and said “See ya!” to the U.S. Earn Interest program vanished faster than your last Wi-Fi signal in eight states, and new sign-ups? Blocked tighter than Fort Knox. Why? Because Uncle Sam’s rulebook reads like a Tolstoy novel, confusing the heck out of everyone. Then came the $45 million settlement party with the SEC for not registering their crypto interest-earning product. Yep, big whoops in regulatory land, but they paid the tab.
Alas! The very coins he doth laud have, like Icarus, soared only to plunge over 97% into the abyss. Once a humble chronicler of sports and the sacred art of pizza, our hero turned trader amidst the sportsless plague, to keep spirits high and wallets trembling.
Amidst the vast and restless sea of markets, Bitcoin’s yearly return and its realized price rise stand like resolute stewards guarding the fortunes of patient holders, whispering that this digital treasure is undervalued beneath the stormy waves of speculation.
The worthy ProShares, it appears, shall soon present three manners of ETFs—the Ultra XRP, UltraShort XRP, and Short XRP—each differing in their ambition and vigour, designed to tickle the fancy and strategies of investors various.
