🚀 CMC Market Pulse: Circle Tops the Market BTC down 4%, ETH slips 8%! $827M in longs liquidated! Circle IPO 25x oversubscribed! Robinhood grabs Bitstamp! Stablecoin narrative heats up! Let’s break down this week’s market pulse 🧵 1/6

📈 Market Overview: BTC closed -4%, ETH -8.4%, with total crypto mcap falling 3.48% to $3.409T. Thursday’s selloff wiped $827M in longs. Funding rates flipped negative for majors like SOL. Trad equities held up, S&P +0.67%, Nasdaq +1%. Strategy added 705 BTC; Metaplanet added 1,088 BTC. 2/6

📰 Narrative of the Week: Stablecoins Surge Circle IPO launched on NYSE (CRCL), 25x oversubscribed, closing at $6.9B. New stablecoin L1s Stable & Plasma surfaced, with Plasma raising public sale caps to $250M. Stablecoins remain TradFi’s gateway into crypto exposure. 3/6

🗓️ Major Project Updates: Robinhood acquired Bitstamp for $200M. Ethereum Foundation introduced “Protocol”, focused on L1 scaling, L2 growth & UX. Berachain rolled out Bectra Upgrade, syncing with Ethereum’s Pectra. TradFi continues its aggressive crypto expansion. 4/6

🏦 DeFi Brief: Tether’s USDT0 chain launched XAUt0, omnichain Gold. Paradigm’s Dave White proposed Orbital AMM for stablecoin pools. GMX rolled out GMX Express for smoother DEX trading & gas options. 5/6

💡 Key Takeaways: 🔹 Watch stablecoins, Circle IPO reignites attention. 🔹 Follow Robinhood’s Bitstamp integration. 🔹 Track GMX Express and Orbital AMM innovation. Stay informed, stay ahead: 6/6

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