⚖️Tether CEO categorically refuses to comply with MiCA
Welcome to the Saturday, May 3, 2025 Daily Tribune ☕️
Hello Cointribe! 🚀
Today is Saturday, May 3, 2025 and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you should not have missed!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Cloudy ☁️
24h crypto recap! ⏱
🛑 Tether CEO categorically rejects MiCA regulation
The Tether CEO refuses to submit USDT to the European MiCA regulation, believing its requirements threaten financial freedom and favor traditional banks. He considers that the European Union sees USDT as a threat to its monetary sovereignty.
📉 RWA market overvalued according to recent analysis
A recent analysis indicates that the market for tokenized real-world assets (RWA) is overvalued, with an estimated real value of 10 billion dollars, compared to the announced 21 billion. The lack of infrastructure and regulated players hinders its development, making the target of 30 trillion by 2030 unrealistic without massive institutional adoption.
👁️ Worldcoin opens six eye scan centers in the United States
Worldcoin, Sam Altman's project, launches iris scan centers in the United States to create a unique digital identity. With six sites open in key cities, the goal is to link blockchain, cryptocurrency, and eye recognition to reinvent access to digital services.
⚠️ Binance warns of a new threat to crypto traders
Binance warns traders against a resurgence of fake tokens trapping investors. The platform recommends verifying the authenticity of projects before investing and avoiding overly attractive offers to protect against these scams.
Crypto of the day: Pudgy Penguins (PENGU)
Pudgy Penguins is an iconic collection of 8,888 NFTs launched in 2021 on Ethereum, known for its charming penguin designs and engaged community. In December 2024, the project took a new step by launching the PENGU token on the Solana blockchain, thus entering the world of utility tokens.
The PENGU token aims to strengthen the Pudgy Penguins ecosystem by offering various use cases, including community rewards, benefits for NFT holders, and participation in project governance.
PENGU holders enjoy various benefits such as exclusive rewards, access to special events, and influence over project governance decisions.
Recent performance:
Current price: $0.0117 USD
24-hour change: +12.37%
Market capitalization: 744 million dollars
Rank on CoinMarketCap: #89
When the market bets more than it invests: Crypto speculation reaches a peak!
The cryptocurrency market experiences a notable transformation in 2025, with increasing attention on memecoins at the expense of Bitcoin. According to Santiment, this evolution reflects a more speculative approach by investors, marking a significant shift in market dynamics.
Memecoins surpass Bitcoin in discussions
Santiment reports that online discussions around memecoins have reached an unprecedented high in 2025, surpassing those about Bitcoin. Brian Quinlivan, Santiment's marketing director, notes this trend indicates a gambler mindset among traders, preferring riskier assets in hopes of higher returns. This evolution is often observed when Bitcoin stagnates after an initial rally, prompting investors to turn to more volatile assets.
Dogecoin leads the speculative movement
Dogecoin stands out particularly in this trend, with a notable increase in positive sentiment after a period of disinterest in April. This renewed enthusiasm coincides with the filing of several exchange-traded fund (ETF) applications based on Dogecoin in the United States. Although the Securities and Exchange Commission postponed its decision on these ETFs to mid-June, anticipation remains high among traders. According to Quinlivan, "DOGE's social dominance has reached its highest level in nearly three months", mainly due to discussions surrounding potential ETF listings on the Nasdaq.
This trend is also reflected in trading volumes. PumpSwap, the decentralized exchange on the Pump.Fun platform, recorded $11 billion in transactions in April, compared to only $1.7 billion in March. Meanwhile, the monthly transaction volume on Pump.Fun reached $3.3 billion in April, marking significant growth.
The shift in online discussions towards memecoins confirms that the crypto market is currently going through a phase of intense speculation. The enthusiasm for memecoins, although risky, reflects the constant evolution of an ecosystem where the balance between rational investment and opportunistic speculation remains fragile.
