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#CryptoReality This market isn’t for the lazy. It rewards the informed. While most are chasing green candles, the pros are: • Sniping bottoms on low caps • Rotating profits into fresh narratives • Following wallet flows, not headlines Want to level up? Start treating crypto

Analysts say that an altcoin season is unlikely anytime soon, citing factors such as a lack of dovish Fed policy, macroeconomic uncertainty, and insufficient liquidity drivers. According to Matrixport analysts , Ethereum’s ( ETH ) dominance has plunged nearly 50% since the launch of the U.S. Ethereum spot ETF, which failed to reignite sustained interest in the altcoin market. As a result, all recent altcoin narratives — from meme coins to AI tokens and Layer 2 ecosystems — have mostly followed a familiar “pump and dump” pattern lately, failing to sustain upward momentum. Matrixport outlined three catalysts that are necessary to revive the altcoin market: Absent these conditions, analysts at Matrixport believe altcoins are unlikely to see large-scale gains any time soon. However, as things currently stand, the altcoin revival looks unlikely in the near term based on these factors. First, a dovish pivot from the Fed appears unlikely. Chair Jerome Powell has recently emphasized a wait-and-see approach , noting that the central bank can afford to hold rates steady while it evaluates the economic impact of recent policies — most notably, Trump’s tariffs. On the macro liquidity side, the escalating tariff war might lead to inflationary pressure due to rising import costs, which could delay any potential monetary easing from the Federal Reserve. However, things are looking good on the stablecoin front. According to Maxtriport’s eartlier report , the market caps of the two leading stablecoins Tether ( USDT ) and USD Coin ( USDC ) have seen substantial growth over the past eight months, suggesting that liquidity is still moving into crypto amid macroeconomic uncertainty. USDT’s market cap rose by 26%, from around $113 billion in August to over $143 billion in April, despite partial delistings on some European platforms due to non-compliance with MiCA regulations. USDC saw 93% increase, growing from just over $31 billion to roughly $60 billion in the same period. To conclude, even though stablecoins have experienced significant growth, the Fed’s cautious stance and ongoing tariff tensions make a revival of the altcoin market unlikely in the near term. Metrics back this up, as the CMC Altcoin Season Index is currently sitting at just 16, indicating that altcoins are far from entering a sustained rally.

Just as DEXs are eating into centralised exchange volume, DeFi lending protocols are now overtaking their CeFi counterparts. DeFi now controls over 60% of the crypto lending market. Our researcher @CryptoGamerHQ put together a spreadsheet analysing the sector's key metrics. A few standouts: - AAVE remains the dominant force in TVL, revenue, and lending activity across EVM chains. - Kamino (Solana), SuiLend (SUI), and Venus (BNB Chain) look relatively undervalued, with strong utilisation, fee generation, and solid FDV/revenue ratios. - Compound, Maple, and Fluid appear overvalued when comparing their market caps to fee and revenue metrics. Bottom line: DeFi is now the core infrastructure for crypto lending. And as more capital shifts onchain, a new wave of chain-native lenders is quietly gaining ground.

The $OM dump is one of the biggest single day wipeouts in crypto history ($5.2b of market cap erased in 24 hours), but there are some very good lessons here: • Market caps are an illusion: Liquidity is more important than the valuation itself. Most valuations in crypto are thin

Circle Internet Financial, the issuer of the USDC stablecoin, has delayed its plans for an initial public offering due to current market volatility. The company had been preparing to go public on the New York Stock Exchange under the ticker symbol “CRCL,” with JPMorgan Chase & Co. and Citigroup Inc. as lead underwriters. But, “Circle had been nearing its next steps in going public, but is now watching anxiously before deciding what to do,” according to the Wall Street Journal. This postponement aligns with a broader trend of companies reassessing IPO timelines amid economic uncertainties. Circle confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission in January 2024, following a previously unsuccessful attempt to go public via a special purpose acquisition company merger in 2022. Despite the current delay, Circle’s CEO, Jeremy Allaire, emphasized the company’s commitment to becoming a publicly traded entity. In an interview with Bloomberg, Allaire stated , “We are very committed to the path of going public. We think we can be a really interesting company in public markets.” The decision to delay the IPO reflects broader market conditions, with several companies reevaluating their public offering plans amid heightened market volatility. Markets reacted swiftly to Trump’s tariff announcements, with U.S. small caps leading a broad equity sell-off and crypto weakening. The U.S. dollar declined against major currencies, while the yield curve bull-flattened, signaling increased recession fears. Nansen analysts believe that markets had priced in a stagflationary scenario, anticipating stagnant growth alongside rising inflationary pressures.