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📈TRUMP Memecoin Surges 60% on Presidential Dinner Plans

Happy Wednesday, Defiers!

The crypto market rallied for a third day as dovish statements by President Trump and the Federal Reserve fueled investor sentiment.

Meanwhile, the TRUMP memecoin surged 60% after a presidential dinner was announced for the top 220 holders of the coin.

In other news, the total market capitalization of stablecoins on Solana recorded a new all-time high as Solana’s ecosystem expands.

✍️ In today’s newsletter:

  • TRUMP memecoin spikes to a $14B valuation
  • Solana stablecoin market reaches a new all-time high
  • Crypto market rallies for the third consecutive day
  • Zora hits record daily revenue record following Base buzz last week
  • RLUSD launches on Aave
  • Fartcoin reclaims $1B market cap
  • Ethereum's based rollups gain traction

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📈 Markets in the last 24 hrs:

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🎬WATCH

Check out The Defiant’s interview with Base creator Jesse Pollak. Last week, The Defiant’s Camila Russo sat down with Pollak to discuss Base’s controversial launch of “content coins” on web3 social network Zora.

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📈TRUMP Memecoin Surges 60% After Unveiling Presidential Dinner for Top Holders

Just days after a $300 million token unlock, President Trump announced he is hosting a private dinner for TRUMP’s top 220 holders. The move sent the token surging nearly 60% to a $14 billion valuation.

The top 25 holders will reportedly also receive access to an exclusive pre-dinner reception with the president.

🆙Solana Stablecoin Market Hits Record $12.8 Billion

Stablecoin market cap on Solana hit a record $12.8 billion this week, driven by rising DeFi activity, memecoin trading, and institutional interest. Circle’s USDC and Ondo’s USDY led the growth.

💵Crypto Market Tops $3 Trillion for First Time in Six Weeks as ETF Inflows Pick Up

The cryptocurrency market continued to rally on Wednesday, driven by dovish signals from President Trump and the Federal Reserve. Bitcoin, Ethereum, and Solana all recorded gains, while the total market cap surpassed $3 trillion for the first time in six weeks.

📣Zora Hit Record Daily Revenue Amid Base-Driven Buzz Last Week, But Other Metrics Were Down

Zora hit an all-time high in trading revenue last week – soaring to $137K in a single day. This occurred after viral posts from Base sparked a social media frenzy. However, despite the spike in revenue, activity on the platform remained flat.

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Stablecoins are exploding, projected to hit $230 billion in 2025, bridging traditional finance and blockchain. Leaders like Tether and Circle, alongside innovations like Ethena’s yield-generating USDe, are driving adoption. They’re slashing cross-border payment times and costs, and powering DeFi’s growth. But are they a valuable inroad for institutions or a Trojan horse? As on-chain finance continues to grow and innovate, banks and other established financial institutions face a choice: adapt or risk obsolescence. Will stablecoins empower traditional finance to capitalize on the new value being generated by Web3, or serve as the seed for decentralization? Platforms like Stellar that enable compliant issuance may offer a middle path.

READ MORE: Stablecoins: Institutional Game-Changer or Web3’s Trojan Horse?

🗣️Ripple’s RLUSD Stablecoin Launches on Aave

Ripple’s RLUSD stablecoin is gaining traction, attracting nearly $19 million to its Aave lending pool one day after going live on the platform. It also recorded $4.68 million in loans taken.

💨Fartcoin Reclaims $1 Billion Market Capitalization

Fartcoin on Tuesday surged past a $1 billion market cap once again, jumping over 20% in 24 hours. It even briefly overtook Bonk for the number 5 spot among memecoins.

🏃‍♀️‍➡️Ethereum's Based Rollups Are Gaining Momentum, Aiming to Unify Fragmented L2 Space

As ETH struggles with multi-year dominance lows, the Ethereum community is turning to based rollups to help address issues of liquidity. Projects like Taiko, Puffer’s UniFi, and RISE are leading the shift.

🔥TRENDING