Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization hitting a record of $243.8 billion. These coins have added over $38 billion in assets since they started the year with $240 billion. Tether (USDT)…

Tether tightens grip as stablecoin market cap hits $243b

On Friday, credit rating agency Moody’s downgraded the United States’ long- 
term credit rating from Aaa to Aa1, pointing to a decade of mounting debt and 
escalating interest payment pressures. The development lands amid intensifying 
recession concerns, turbulent trading conditions, and disjointed activity 
across bond markets. Triple-A No More—Moody’s Strips U.S. of Top Rating Amid 
Exploding […]

Debt Reckoning: Moody’s Downgrades US Credit Amid Fiscal Freefall

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Spot bitcoin exchange-traded funds (ETFs) drew $260.27 million in net inflows 
on Friday, May 16, significantly outpacing spot ethereum ETFs, which recorded 
a total inflow of $22.12 million. Bitcoin ETFs Dominate Friday Flows While 
Ethereum Sees Tepid Uptake Leading Friday’s activity in the bitcoin ETF space 
was Blackrock’s Ishares Bitcoin Trust (IBIT), which took in […]

Bitcoin ETFs Pull In $260M Friday as Blackrock’s IBIT Secures 631,962 BTC

According to blockchain data, a new Solana token named Eric Trump shot up 
6,200% in just 24 hours. It sprang to life on May 16 via the Pump.fun 
launchpad and swelled to a market cap of 140 million. Traders piled in fast, 
but on‑chain detectives noticed more than 80% of the supply parked in just 10 
wallets. That kind of concentration often signals a setup for a sudden 
collapse. Related Reading: Analysis: Crypto Heats Up As $35 Billion Enters 
Market In Under A Month Political Name Exploitation Using a well‑known 
figure’s name can be a quick way to grab attention. Based on reports from 
Bubblemaps, the token’s ties to “jv7d” on Solana raised red flags. When 
insiders hold most of the coins, they can dump them at will. Retail investors 
end up holding what’s left—and that often means heavy losses. a rug in the 
making#ERICTRUMP is currently trending on most platforms. avoid it. 
pic.twitter.com/g1KE7wKMCA — Bubblemaps (@bubblemaps) May 16, 2025 Warning 
Signs On-Chain Cluster analysis showed the top 250 holders are linked through 
a handful of addresses. That pattern mirrors the WOLF token, which hit 42 
million before plunging to almost nothing. Analysts say these moves fit the 
classic rug‑pull script, where early backers cash out at the peak, then 
vanish. Copycat Tokens Multiply The same wallet, known as “BjTm,” has already 
launched three other Eric Trump tokens that fizzled quickly. Based on 
CoinMarketCap data, more than 736 imitation tokens have been pushed into the 
official Trump wallet space. Of those, 192 use Trump family names, and 67 
claim to be “official.” Even Elon Musk’s name crops up in at least 35 of them. 
Global Political Targets Scammers aren’t stopping with US figures. In April, 
the verified X account of UK MP Lucy Powell was hijacked to promote a fake 
Solana token. It tapped into her 70,000 followers and netted just 225, but it 
showed how a trusted badge can fool people. Related Reading: ‘Judgment Day Is 
Coming’—XRP Set To Explode, Analyst Warns Investor Warning Lights Based on 
this pattern, analysts urge caution. When a token’s value spikes without clear 
backing—and most coins sit in a few wallets—that’s a signal to step back. 
Blind loyalty to a name, political or otherwise, can turn into financial pain. 
What Comes Next As more political meme coins pop up, the risk grows. Every 
high‑profile name could become bait. Investors should check who holds the 
tokens, watch for rapid launches on cheap networks like Solana, and keep in 
mind that hype can vanish as fast as it appears. In a space where hype often 
trumps fundamentals, staying alert might be the best way to stay afloat. 
Featured image from Unsplash, chart from TradingView

Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap?

Sequoia Capital&#8217;s Roelof Botha was among the high-profile victims whose 
personal information was compromised in the recent Coinbase hack.