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Degens Deteriorating
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Shocking stat of the day:

The Memory ETF, $DRAM, has surpassed $25 billion in assets under management (AUM) for the first time, officially overtaking the 26-year-old South Korea ETF, $EWY, despite launching on April 2nd.

This comes as $DRAM has attracted a record +$22 billion in inflows since its debut.

Over the same period, $EWY has posted -$2 billion in outflows.

To put this into perspective, before $DRAM launched, $EWY had attracted +$6 billion in inflows in 2026.

Prior to $DRAM, investors largely used $EWY as the international proxy for memory stocks.

Today, these two ETFs still carry a 46% overlap in underlying holdings.

The memory trade has never been more popular.

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BREAKING: The Fed is now officially blocked from issuing a CBDC until 2030.

A provision buried inside the 21st Century ROAD to Housing Act prevents the Federal Reserve from creating a CBDC or similar digital currency without congressional approval.

Stablecoins like $USDC and $USDT remain unaffected.

A major win for the crypto industry.

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😁4πŸ‘Œ1
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Does anyone else find it disturbing that so many Aussie feminists are β€œfree bleeding” in public pools when they have their period?

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Big tech is resuming market leadership:

The proportion of Nasdaq 100 stocks trading at least -20% below their peaks is up to 48%, the highest since the February-March selloff.

This percentage has doubled over the last 12 months, though it remains below the 60% recorded before the late-March market bottom.

By comparison, during the 2022 bear market, this metric surged to as high as 80%.

This comes despite 64% of Nasdaq 100 stocks still trading above their 200-day moving average, near the highest reading of the year.

To put this into perspective, only 38% of index constituents were trading above their 200-day moving average before the market bottomed on March 30th.

The rally is becoming increasingly dependent on a shrinking group of stocks.

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BREAKING: Kash Patel projected to be ousted as FBI director by the end of the year.

54% chance.

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Byron Donalds’ campaign door-knocker doesn’t speak English and says he entered the United States 5 years ago under Joe Biden.

Donalds has a 96% chance to win the Florida gubernatorial primary, according to Polymarket.

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BREAKING - UK police are now refusing to release footage or information on the killer of former Conservative MP Ann Widdecombe after initially blaming a β€œWhite British man” for the killing, stating that doing so could β€œprejudice” the investigation

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CORRUPTION: Teacher’s union president Randi Weingarten used $1.4M in teacher’s dues to promote her book that painted conservatives as fascists. She’s calling the investigation by Congress harassment

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🀬8🌚2πŸ—Ώ1
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Maybe we can have an art deco renaissance if people splurge on material and craftsmanship and fix some building codes

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πŸ’―8
Kinda forgot the base also said they were going to do an airdrop, if robinhood L2 continues to gain traction then think the likelihood of this also happening this year meaningfully increases

what other protocols haven't airdropped yet? collectively could be 1B+ in value

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πŸ”₯3