OVERVIEW

Green Flickers On The Screen 🟢

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

NEWS IN THREE SENTENCES
Crypto News 📰

📉 Getting Listed on Binance Now Basically a Curse, Research Confirms

Turns out the coveted "Binance pump" is officially dead, with over 94% of newly listed tokens tanking since 2024, some dropping a gut-wrenching 97%. The platform once seen as crypto's golden ticket now feels more like a shortcut to getting rekt. Protos.

💳 Mastercard Dreams of Becoming the Venmo of Crypto

Mastercard ($MA ( ▼ 4.62% )) is diving headfirst into blockchain, aiming to become the Venmo of digital assets and bring crypto payments to its billions of cardholders. They've partnered with JPMorgan and Standard Chartered to tokenize everything from deposits to carbon credits. Business Insider.

🆘 Justin Sun Saves TUSD’s Ass, Quietly Covers Up a $456M Dumpster Fire

Justin Sun quietly bailed out $TUSD.X ( ▼ 0.03% ) after $456 million of its reserves mysteriously turned illiquid, thanks to some shady Dubai investments. Sun stepping in to rescue a stablecoin is like trusting a pyromaniac with your fire safety drills. Let’s hope the next Sun bailout doesn't involve $TRX.X ( ▲ 0.12% ). CryptoBriefing.

🤳 HBAR Foundation Teams Up with OnlyFans Founder to Rescue TikTok from Ban Hammer

The $HBAR.X ( ▼ 2.13% ) Foundation and Zoop, led by OnlyFans mastermind Tim Stokely - just jumped into the bidding war to buy TikTok's US operations, hoping to save American teens from the existential dread of losing their favorite app. If successful, Zoop promises to create a "new paradigm," presumably one where influencers get fairly paid instead of just dancing for algorithm scraps. Cointelegraph.

🧐 Circle's IPO is Raising Eyebrows—And Not in a Good Way

Circle’s upcoming IPO has analysts side-eyeing its shaky financials despite hitting $1.67 billion revenue in 2024. Costs are spiraling, profits took a 42% nosedive, and the stablecoin kingpin blew over $1 billion on fees to exchanges like $COIN ( ▲ 0.69% ) and Binance. Experts wonder if the IPO is Circle’s subtle cry for liquidity - or an overpriced life raft hoping Coinbase or Ripple swoops in if things go south. CryptoDNES.

STOCKTWITS CASHTAG AWARDS PRESENTED BY ETORO
Will We See You At The Cashtag Awards? 😎 

The hottest night in social finance is happening live in NYC on Wednesday, April 30th, and the guest list continues to grow. Are you on it? 🤔 

Join us to celebrate the biggest names in finance. Plus, network with personalities you know and love at our open-bar happy hour and cocktail reception. 🍻 

Here are some of the names you may recognize: Jan van Eck (VanEck CEO), Ben Cahn & Emil DeRosa (Ben & Emil Show/The Weekend Rip), Chris Camillo (Dumb Money), Michael Batnick (Ritholtz Wealth/The Compound), Gav Blaxberg/Shay Boloor (Wolf Financial), and Jake Wujastyk (JakeWu Market Research). 👀 

Plus, top Stocktwits community members like Brian Shannon (alphatrends), Gpaisa, DonCorleone77, Michael Nauss (Stats Edge Trading), and more!

If you’re in the New York area and are interested in attending, reply directly to this email with the words “I’m In.” We’ve got limited tickets available, but will do our best to hook our loyal newsletter readers up so we can see you there! 🤝 

Want to guarantee you can attend? Grab your tickets now! 🎫