Memecoins Add $710M to Trump’s Fortune

Our friends at YEET.com have been on a tear lately, and to celebrate, they’re putting $500 back into the pockets of the blocmates readers every single week.

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They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.

So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.

GM! 

Prez Trump has had “the most lucrative year” of his life. His current net worth is around $7.3 billion, up from last year’s $4.3 billion.

Zero points for guessing, but crypto is his main money machine. 

His memecoin bag is up $710 million and World Liberty tokens are up $340 million. Parallelly, his stablecoin biz worth has inflated by $240 million over the past year. 

Wild to think that the President of America’s net worth now rides on crypto. 

In other related news, Eric Trump has been removed form the board role of fintech firm Alt5 Sigma after consulting Nasdaq. This was done to play by its listing rules.

Technical updates wise, devs have been smashing it lately. 

For starters, Celestia’s v6 upgrade, Matcha, just went live on its Arabica testnet. 

This is the network’s biggest update to date. Matcha aims to scale blocks to 128MB and slash inflation by half.

Meanwhile, YieldBasis is gearing up for its mainnet launch. Devs just dropped their technical documentation today.

Price-wise, large cap assets have been hovering in and around the same zone they were yesterday. No drastic day-jump. Ye, we’re still in the “hold your horses” phase.

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The important bits.

• INFINIT and Jumper are safe from the NPM supply chain attack, read here

• ARMA agent users remain shielded too; Giza doesn’t utilize any of the 17 compromised packages in its codebase, read here 

• With TradFi markets integrating with blockchain networks, Magic Newton is back under the spotlight as the space’s Policy Protocol, read here 

• OneStable, a new cross-chain stablecoin minting protocol powered by Stargate and LayerZero, goes live, read here 

Even more important bits.

• Gemini is set to go public on Nasdaq this week, read here

• Vietnam regulators approve a 5-year pilot for crypto trading, read here

• Acting CFTC Chair Caroline Pham says the agency is weighing whether overseas crypto platforms under frameworks like EU’s MiCA could be recognized in US cross-border rules, read here

• Trump says Federal Reserve is broken, it needs to be fixed, read here

• MegaETH drops USDm, a stablecoin that could change how blockchains pay their bills, read here

Charts and stats of the day.

• The current digital asset treasury (DAT) premium trends - chart here 

• Hyperliquid has over $13.3 billion in open interest, with an ATH TVL of $2.64 billion - stats here

• Ethena leads the 1D asset mindshare race - numbers here

• Tokenized Pokémon had its highest revenue week - chart here 

ICYMI.

Today’s news bulletin.

Become your own bank.

ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long.

It’s time to ditch your bank altogether and embrace the crypto life:

• Spend it directly with no fees on the sale, and earn 3-5% back on every purchase—debit or credit.

• Never sell - live like a billionaire: avoid taxes, compound wealth. Don’t worry about on-and-off ramps or taxes by spending against your balance as credit debt. 

• Pay off your debt with yield + cashback: earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

• Use borrow mode: 70% LTV against your whole portfolio, “only borrow, never sell”

• Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

Telemetry data of the day.

PumpFun + Heaven + Bonk trending tokens for the last 24h:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it’s free).

Ethena has tied up with Binance to embed USDe across its entire platform. 

It’s a biggg deal because this opens up USDe access to more than 280 million users of the exchange. 

Going forward, you’ll find USDe spot pairs and its direct integration with Binance Earn. In fact, you can also fetch rewards from Binance on your margin collateral with USDe. 

At the minute, Binance has around $40 billion in stablecoins that earn zero return for their users as collateral. 

This presents Ethena with a significant opportunity to leverage.

• Silencio: AI and robotics platform 

• Zard Capital: A collectibles project

To save you doom scrolling.

The FOMO is real at this stage, ngl!

Keep tabs on Inverse Finance. They’re doing really well on the metrics front. In Hix0n’s words, “Inverse is where imma park after the post rate cut dip scare. ETH above ATH later will send this.”

Lavina 🫡