GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.

This week we have:

• 🎙️Hot Off the Mic: Is The Crypto Bull Run Over?

• 📰News: Kanye West Launches Memecoin

• 🌟Narrative of the week: Kanye’s YZY Token

NEWS📰

1. 🚀 Kanye West Launches Memecoin

   Kanye West’s YZY token on Solana surged to a $3B market cap in 40 minutes but dropped to $1.05B due to insider trading concerns, with 94% of supply held by insiders. The token’s structure mirrors controversial celebrity memecoins like LIBRA.

2. 🪙 SkyBridge Capital to Tokenize $300M on Avalanche

   Anthony Scaramucci’s SkyBridge Capital will tokenize $300M in assets, including crypto and venture funds, on the Avalanche blockchain, boosting its RWA value by 160%. Partnering with Tokeny, the move aims for faster, cheaper, and more secure transactions.

3. 🦊 MetaMask to Launch mUSD Stablecoin

   MetaMask will introduce MetaMask USD (mUSD), a dollar backed stablecoin, on Ethereum and Linea network. Integrated with MetaMask’s wallet and a forthcoming Mastercard partnership, mUSD aims to simplify DeFi and everyday transactions.

4. ⚔️ Wormhole Challenges LayerZero in Bidding War

   Wormhole is set to outbid LayerZero’s $110M offer for Stargate, arguing it undervalues the cross chain platform’s potential. Requesting a five day vote pause to finalize a higher bid, Wormhole aims to create a dominant ecosystem with Stargate’s liquidity pools. The competition drove STG and W tokens up.

5. 💰 Synthetic Stablecoins Surge

   Ethena’s USDe stablecoin led synthetic stablecoin growth with an 86.6% market cap increase, reaching $11.7B, while generating $500M in protocol revenue. Sky Dollar and Falcon USD also saw significant gains, up 14% and 89.4%, respectively.

6. ⚖️ US Judge Unfreezes $57.6M in USDC from Libra Token Scandal

   A US judge unfroze $57.6M in USDC tied to the Libra token rug pull, citing cooperation from defendants Hayden Davis and Ben Chow. The February scandal, linked to a $107M fraud promoted by Argentine President Javier Milei, sparked lawsuits and an ethics probe. The funds are now accessible, though the lawsuit’s success is uncertain.

Is The Crypto Bull Run Over?

In this week’s video, I break down the recent crypto crash, why the cycle top isn’t in, the real reason behind the sell off, and my exact thesis for what comes next in this bull run.

Narrative of the Week: Kanye’s YZY Token

Kanye West (Ye) officially entered crypto with the YZY token on Solana, and the launch was pure madness. Here’s what happened:

Insane Pump and Dump: YZY jumped from $0.35 → $3.16 (+6,800%) in under an hour, touching a $3.2B cap before dumping ~70% to $0.77

Tokenomics: 1B supply: 70% Yeezy LLC, 20% public, 10% liquidity. Vesting via Jupiter Lock to avoid mass dumps.

Insider Moves: Wallets cashed $1.5M+ pre-launch. One multisig held 87% of supply

Kanye’s Flip: Once a crypto skeptic, Ye teased this move earlier in 2025 (after promoting “Swasticoin”). Adds to the wave of celeb tokens like TRUMP & LIBRA.

This just proves celeb token launches are mostly rigged from the start, insiders win, retail loses. Unless you had info before launch, it’s almost always a bad trade. Best move? Stay grounded, don’t chase the hype, and protect your bag.

 SOME TWEETS

MEME OF THE WEEK

TEMPERATURE CHECK📒