0xG00gly

Crypto is no longer taxed in Thailand?

What did @hentaiavenger66 know?

For lots of people it feels like the market just pulled back after a very strong performance over the last 3 months

Reality is that ETH/BTC and to a lesser extent, SOL, are up decently.

Obviously HYPE and FARTCOIN are up a ton and are all over the timeline.

And few leading DeFi tokens have massively outperformed the market e.g. AAVE, PENDLE, SKY (though it feels CT has been sleeping on them).

But in practice most top100 tokens are... down.

Lots of dispersion here, clearly the rising tide did not lift almost boats.

Contrary to prior cycles, timing the market is clearly not enough, your asset selection matters a lot. Much harder.

Algo

On Plasma's deposit cap raise yesterday, one interesting thing that I do not believe most people realised, is how different $500m -> $750m looked vs. $750m -> $1bn.

First $250m
- Filled in only 10 blocks.
- First transaction of block 1 slightly misconfigured its bot and paid a whopping $12k in fees (please avoid botting to burn your gas like this).
- Median transaction size: $30k

Following $250m
- Filled in 30 minutes.
- Plenty of users only had to pay $1.
- Median transaction size: $5k

Much easier for users to get in including those operating multisigs, hardware wallets, etc.
As long as they were awake obviously.

It is also pretty obvious that the investor base was slightly different than on Monday (from the change in split of stables + wallets' funding sources).

If you participated in the Plasma deposit campaign, I would suggest you do your KYC earlier rather than later.

I wouldn't be surprised if there is a mad rush to KYC on Sonar close to the public sale.

It wouldn't be great to miss it because you waited until the last day.

There is a launchpad on BSC that raised 8 figures USDT to try to ape into vaults on mainnet on behalf of their users?!

Stablecoins just crossed $250bn for the first time.

Growth over the last month was pretty much only driven by USDT + USDe

Δ over the last month
- USDT: +$5.1bn
- USDC: -$0.3bn
- USDe: +$1.2bn
- DAI+USDS: -$0.2bn
- BUIDL: $0.0bn

cc: @banterlytics

It would have been quite funny to track Substratum treasury on Hyperliquid.

Btw if market was efficient and believed that CRCL valuation makes a lot of sense (due to their business 10x in coming yrs), COIN should have repriced upwards massively.

Imagine spending time with your loved ones when you could be trading this instead.

Can I interest you in a company's treasury with exposure to only pristine assets: BTC and K-POP?

Looks like I missed an airdrop because I forgot to add a wallet on the website.

Gonna need to secure today's fries in the orderbooks.

Pumpdotfun is most egalitarian thing we've ever seen. It's insanely ambitious, and if it works, can really reshape the fabric of society*

* please give me a fat airdrop for all the money I lost there

Stablecoin summer lasts forever.

ETH outperformance, a tale as old as time.

If you are surprised to see your timeline filled with Loudio tweets for 0.2 SOL spots in a presale, don't forget the starting cap market is c.$150k.

This should be easily >$2k.

Or as I call it, more than 1 Jaypeg.
And 50 Sewyash.

Loudio.

oh

https://www.businesswire.com/news/home/20250526853758/en/Circle-Launches-Initial-Public-Offering

Trillions aren't just a @PlasmaFDN meme. They are becoming reality, faster than you realize

Wild quote from David Sacks: "We could create trillions of dollars of demand for our Treasurys practically overnight, very quickly"

https://www.theblock.co/post/355355/trump-crypto-czar-david-sacks-stablecoin-bill-trillions-of-dollars-demand-us-treasurys

So apparently I am bullish on USDT, ETH and TRX?!

Algo probably needs a bit of work.

Over the last month
- USDT: +$7.3bn
- USDC: -$0.8bn

Striking.

Source: https://defillama.com/stablecoins