🚀 a16z Crypto: Why 'Stablecoins' Won't Age Well

According to a16z crypto, the term 'stablecoin' may eventually become outdated. The article argues that stablecoins were initially created to mitigate crypto volatility, but stability has now become a baseline feature rather than the main selling point.

Stablecoins are increasingly becoming financial infrastructure for instant cross-border transfers, real-time settlement, direct ownership, and embedded payments. The author suggests that the term may eventually be replaced by labels such as “digital dollars,” “digital euros,” or onchain assets. #stablecoin link

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👀 Spirit Airlines officially shuts down.

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🆕 $BILL featured on Binance alpha link

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🕵️ Gambler 0x049b opened 20x longs on 586.68 $BTC ($45.82M) and 19,416 $ETH ($44.67M).

Liquidation prices:
$BTC: $75,564.02
$ETH: $2,247.43 link

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🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🇺🇸🚀 Deal Reached on Stablecoin Yield Provision, Clearing Path for US Crypto Bill

According to Bloomberg, a deal has been reached on a key stablecoin yield provision that had stalled US crypto legislation. The agreement allows users to earn rewards for holding stablecoins but includes added restrictions to address concerns from banks about potential deposit flight. #stablecoin

🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🇺🇸💵 250,000,000 $USDC (249,983,750 USD) minted at USDC Treasury

🔮 #HYPE HyperLiquid has officially launched its prediction market, which is a daily option on the rise or fall of the #BTC price.

📊 In 2021, Nancy Pelosi was asked if Congress should be banned from trading stocks.

Her response was, "No… This is a free market."

While serving nearly 39 years in Congress with an average annual salary of $168,000, she increased her net worth to an estimated $280,000,000.

📊 Polymarket April Fees Hit Record High at $43.36 Million

According to data from Defi Oasis, Polymarket’s monthly fees reached $43.36 million in April, more than doubling month-over-month and implying annualized fees of approximately $520 million. Of this, Polymarket Global generated $37.81 million, while Polymarket US contributed $5.55 million, accounting for over 97% of total fees in the on-chain prediction market sector.

🇯🇵🐳 #BTC Japanese public company Remixpoint (3825.T) buys an additional 20.3 Bitcoin and now holds a total of 1,491.3 BTC.

Bitcoin 100 Ranking: 39

🕵️ Approximately 83% of BitMine’s ETH holdings are now staked, up from 70%.

🇨🇦💰 Alberta Investment Management Corporation disclosed a $219 million stake in Strategy, acquiring 1.38 million shares. This move aligns with other Canadian institutions that have established similar positions to gain Bitcoin exposure.

📈 Bitcoin's monthly ROI has been positive for the past three months.

📌 Top 5 News for 24 Hour:

1. HyperLiquid launches BTC prediction market. →
👁 234 | ❤️ 3 | 🔁 5

2. GameStop plans to acquire eBay. →
👁 193 | ❤️ 1 | 🔁 5

3. Deal reached on stablecoin yield provision in US crypto bill. →
👁 202 | ❤️ 0 | 🔁 4

4. US Secretary of Defense supports strategic advantage in Bitcoin. →
👁 222 | ❤️ 0 | 🔁 3

5. ETH Fear & Greed Index shows sentiment. →
👁 175 | ❤️ 0 | 🔁 3

| | |

💰 Bitcoin Open Interest hit $57.62 billion yesterday, marking a 6% jump in 24 hours. Massive capital is flooding into derivatives as #BTC holds $78,000.

The calm before the storm.