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Fartcoin Climbed to a Record Market Cap of $850M as Memecoins Ride the Popularity Wave
The humor-driven cryptocurrency inched closer to the $1 billion milestone.
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‘Praise the Lord’: Sen. Tim Scott reacts as SEC Commissioner Caroline Crenshaw’s renomination vote is scrapped "Praise the Lord," said Sen. Tim Scott (R-S.C.) when he heard that a vote to renominate the SEC's Caroline Crenshaw has been scrapped. $BTC $ETH $SOL
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Pudgy Penguins (PENGU) Token Falls 35% as Airdrop Claims Trigger Selloff PENGU, the newly launched token from the Pudgy Penguins NFT collection, went live today with an airdrop to eligible recipients. However, intense selling pressure caused the PENGU token price to drop by 35% shortly after its debut. Within the first hour of trading, PENGU’s volume surged to $474 million. Here’s what to know about the launch, exchange listings, and how the market is responding to... $BTC $ETH $SOL
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BVNK raises $50M to expand into US stablecoin market The capital will be used to expand BVNK’s operations to San Francisco and New York City in 2025. $BTC $ETH $SOL
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After an Incredible 2024 for USDe, Ethena Plans to Supercharge Growth - Ep. 751 USDe shattered expectations in 2024, emerging as the largest decentralized stablecoin in circulation and a game changer for DeFi. Ethena’s founder, Guy Young, joins the show to reveal how the protocol surpassed long-established giants, generating billions in fees and setting new benchmarks for yield generation. Guy also breaks down the mechanics behind Ethena’s innovative strategies, including “Aavethena,” a yield-boosting approach that’s changing how users interact with synthetic dollars. Plus, he addresses the risks: what happens when leverage goes too far, and how Ethena mitigates volatility at its core. Will Ethena bridge DeFi and TradFi, leveraging the disconnect between crypto and traditional interest rates to tap into a $100 trillion fixed-income market? Show highlights: Why Guy was surprised to see the rapid rise of USDe Why Guy is spending 80% of his time on bringing Ethena to TradFi The launch of Ethena’s UStb How regulation comes into play and the challenges in different jurisdictions Whether USDe could launch in the U.S. with a friendlier administration Why Ethena hasn’t needed to utilize the reserve fund Why Guy believes Ethena has been able, at times, to surpass OG protocols like Ethereum and Uniswap in fees How USDe is being used across the board in DeFi applications What the “Aavethena” strategy is and how it generates yield for users Whether USDe has brought considerable risks of liquidations How allowing Pendle’s PT tokens on Aave could supercharge growth How Ethena counters the centralization risks around exchanges Why Guy thinks that Ethena’s cross-chain strategy has been “pretty poor” $BTC $ETH $SOL
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UK’s FCA warns citizens to avoid Solana-based meme coin The Financial Conduct Authority (FCA) in the U.K. has issued a public notice aimed at the Solana meme coin Retardio. FCA alleges that this entity may be offering or endorsing financial services or products without the necessary authorization. According to FCA, using the meme coin disqualifies investors from contacting the Financial Ombudsman Service which provides […] $BTC $ETH $SOL
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