Weekly Roundup 08/30/24 (Durov arrested, Trump’s DeFi thing, the EU vs Tech Companies) (EP. 556)

Bullish:

• $USDT - Tether's dominance in the stablecoin market

  • “Tether continues to dominate the market. They represent over 70% of total stable coin supply with 61,000,000,000 on Tron and 54,000,000,000 on Ethereum.”

    Nick·6:02
• $PYUSD - PayPal USD's rapid adoption on Solana

  • “PayPal's p y USD saw rapid adoption on Solana, pushing its total supply across Ethereum and Solana over a billion.”

    Nick·7:00
• $STABLECOINS - Stablecoins' significant value settlement in the crypto market

  • “From a market cap perspective, stablecoins, I think, are less than 10% of the aggregate crypto market cap, but they do settle more value than all of the other crypto assets put together.”

    Nick·9:03
• $BASE - Coinbase's L2 solution as a promising business model

  • “Base turns out to be a great business for Coinbase. And so I think you'll just see other firms copy them.”

    Matt·28:01

Bearish:

• $EUROPEAN TECH STOCKS - Potential exodus of tech firms from the EU

  • “I wouldn't be surprised if we start to see some tech firms just fully pull out of the EU, certainly from France.”

    Matt·17:00