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There is a launchpad on BSC that raised 8 figures USDT to try to ape into vaults on mainnet on behalf of their users?!
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The Bank for International Settlement ("BIS", regulatory body owned by global central banks) has a long section on stablecoins in their annual report published today. The really interesting thing imo is the relationship they note between stablecoins and treasury bills as this explains a lot of the policy tailwinds the space will benefit from in the next few years - Stablecoins were amongst the top buyers of T-Bills in 2024 with $40bn... but as you know, the current rate of growth implies twice that in 2025 - A $3.5bn increase in stablecoin market capitalisation only compresses treasury yields by 2.5-5bps... It is not a surprise that in an environment where deficits are ballooning, there is a clear vested interest in ensuring that supply grows. Speaking of vested interest, the paper is generally negative on stablecoins but tbh, no surprises there.
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your biggest risk is being liquidated in the industry you log into every single damn day to talk about since you know its gonna go up again eventually but you got too greedy with leverage
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Joyful June* * for altbtc shorts
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Crypto is no longer taxed in Thailand? What did @hentaiavenger66 know?
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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.
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