David Blumenfeld
@serdave-eth
It’s Sunday which means it’s Crypto weekly 🧵 time with me and @maaria: Crypto saw a modest rebound this week, following a broader market rally sparked by the Federal Reserve’s decision to keep interest rates unchanged. The total crypto market cap, along with BTC and ETH, rose by 3%, 2%, and 6% respectively week over week. Here are my favorite stories: -The US Treasury Department removed sanctions on cryptocurrency mixer Tornado Cash that were imposed in 2022. -The total market cap for stablecoins reached over $230 billion, up 56% from the same time last year. USDT and USDC make up almost 90% of the stablecoin market. -Speaking of USDT, Tether is engaging with a "Big Four" accounting firm to audit its reserves. Tether has gotten its fair share of criticism over the years over the transparency of it's reserves.
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David Blumenfeld
@serdave-eth
-The SEC dropped its appeal in its case against Ripple Labs for alleged securities violations from the sale of its XRP token. Ripple estimates it spent >$150 million defending itself since 2020. -Crypto venture deals decreased by 60% since October 2024, with only 116 deals in February 2025 compared to over 300 in October, though investment value has remained stable at around $1 billion per month. -SEC Commissioner Hester Pierce suggested the agency will issue guidance clarifying that companies using NFTs as a fundraising mechanism will be exempt from securities regulations. -Pump(dot)fun announced PumpSwap, its own decentralized exchange that can be used to start liquidity pools for meme coins on the platform. Raydium, which was providing the service previously, is launching LaunchLab, a token launchpad similar to Pump(dot)fun. Get all the headlines in your inbox every Sunday by subscribing to Crypto Weekly. You can read this week's post here: https://thisweekincrypto.substack.com/p/crypto-weekly-32325
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ted (not lasso)
@ted
wdyt about pump.fun's pumpswap? would love more commentary from you and @maaria on it, we didn't see much here
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maaria
@maaria
Ah the point of crypto weekly is literally just news reporting, no opinions here! Personally I think it’s all a wash over the long term 🤷🏽♀️
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David Blumenfeld
@serdave-eth
we didn't report on it in crypto weekly, but there's been a huge decline in memecoins launched on pump.fun that graduate to raydium. At it's peak (November '24) there was ~5500 memecoins/week that graduated. That number has decreased to 1500. https://cointelegraph.com/news/pump-fun-memecoins-are-dying-at-record-rates-less-than-1-survive
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highplains.base.eth 🎩✨🔴
@highplains66
16 $DEGEN
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