Key Takeaways
- Circle’s ($CRCL) IPO has not yet prompted a re-rating for top decentralized stablecoin beneficiaries, with projects such as Sky, Ethena, and Pendle showing modest gains or losses on the week.
- Even with depressed revenues compared to January, pump.fun’s 30D annualized revenues come out to $375M, with details around the protocol’s $1B ICO at a $4B valuation released this week.
- Over $200B and counting of crypto-representative value is held in public equity markets, potentially impacting ...