π Bitwise CIO Matt Hougan stated that stablecoin payout tests by major tech companies like DoorDash and Meta could increase stablecoin supply from approximately $300 billion today to $4 trillion by 2030. DoorDash is collaborating with Stripe to test stablecoin payouts for 10 million Dashers across more than 40 countries, while Meta is initiating similar programs for creators in the Philippines and Colombia using Solana and Polygon. Hougan emphasized that the primary benefit of stablecoins lies in simplifying global micropayments rather than providing cost savings. #stablecoin
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π± ETF buyers are implementing structured allocations with 2β3% BTC targets, focusing on buying the dip and trimming the rip. This behavior contrasts sharply with the retail and degen cohort that influenced previous cycles. Coupled with MicroStrategy's ongoing accumulation, a structural floor now exists that wasn't present before, suggesting this bear market may unfold differently. #etf
πΊπΈπ #macro USA - ADP Nonfarm Employment (Apr) = +109k (expected 120k / previous +61k)
π΅οΈ 300,000,000 $USDT (299,883,000 USD) transferred from Bitfinex to Tether Treasury
π΅οΈ 300,000,000 $USDT (299,876,250 USD) transferred from Tether Treasury to Bitfinex
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π£ #BTC Saifedean: Bitcoin is apolar money, perfect for a world moving from unipolarity to multipolarity.
π #BTC Morgan Stanley has launched cryptocurrency trading on the E*Trade platform in pilot mode with lower fees than Coinbase, Robinhood, and Schwab.
πΊπΈπ Fidelity just folded OUSG into its tokenized fund stack. PayPal opened a $25M PYUSD line into Ondo's yield layers. Tokenized U.S. Treasuries now sit at $5.8B, representing 45% of all on-chain RWA.
The pipes are getting wired, but most charts are still pricing this like a token.
See the RWA map β #rwa
The pipes are getting wired, but most charts are still pricing this like a token.
See the RWA map β #rwa
πΊπΈπ According to Token Terminal, the market capitalization of tokenized U.S. Treasuries on Ethereum has reached an all-time high of about $8 billion, doubling over the past six months. The main growth drivers include BUIDL (Securitize), JTRSY (Centrifuge), iBENJI (Franklin Templeton), WTGXX (WisdomTree), USDY (Ondo Finance), and USTB (Superstate).
πΊπΈπ Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +6,065 $BTC (+$496.53M)
7D NetFlow: +18,816 $BTC (+$1.54B)
Ethereum ETFs:
1D NetFlow: +38,620 $ETH (+$91.76M)
7D NetFlow: +41,143 $ETH (+$97.76M)
Solana ETFs:
1D NetFlow: +22,002 $SOL (+$1.95M)
7D NetFlow: +53,241 $SOL (+$4.72M)
Bitcoin ETFs:
1D NetFlow: +6,065 $BTC (+$496.53M)
7D NetFlow: +18,816 $BTC (+$1.54B)
Ethereum ETFs:
1D NetFlow: +38,620 $ETH (+$91.76M)
7D NetFlow: +41,143 $ETH (+$97.76M)
Solana ETFs:
1D NetFlow: +22,002 $SOL (+$1.95M)
7D NetFlow: +53,241 $SOL (+$4.72M)
π³ According to Glassnode data, Hyperliquid whales have aggressively increased their long positions, achieving a new record for sustained net long exposure this year. Over the past two months, these large traders have demonstrated growing confidence and a strong bullish sentiment, anticipating an imminent breakout from the current range-bound consolidation.