For more, let's bring in Cosmo Jang, general partner at Panta Capital, which invests exclusively in Bitcoin digital currencies and companies in the blockchain ecosystem. Cosmo, great to have you with us. You're very familiar uh with the Tether team.I'm wondering in terms of this valuation, which seems eyepopping to say the least. Um, how much of it is a bet on Tether itself, the stable coin, and how much is tied up with the connection to Washington and the perception that they could get favorable treatment ...

Industry Growth Potential - Crypto industry penetration is less than 10% by number of people [1] - Crypto industry penetration is probably less than 1% if we look at total wealth [1] - Growing the crypto industry by 2x would double everyone's holdings [1] Market Strategy - For large players, grabbing market share from smaller players will at best give single-digit % growth [1] - Growing the industry is easier than taking market share from existing players, even for small players [2]

Stablecoin Market Dynamics - Tether launches USAT, a U S regulated stablecoin, to comply with the GENIUS Act [1] - The launch of USAT may lead to competition with USDC and potentially reshape stablecoin market share [1] Regulatory Compliance - Tether aims for full compliance with the new GENIUS Act through the introduction of USAT [1]

Core Viewpoint - Tesco's share price has reached a decade high, alongside its UK market share, raising questions about potential upside based on fair value [2] Group 1: Market Performance - Tesco's share price previously dropped by 15.3% due to concerns over ASDA's aggressive pricing strategies, but those who invested at the low have seen a 34.8% gain in less than four months, outperforming FTSE 100 and S&P 500 [3] - Tesco has gained 0.8% in UK market share this year, while ASDA has lost 0.9%, with Tesco's sales increasing by 7.4%, nearly double the market's growth of 4.0% [5] Group 2: Competitive Landscape - ASDA's price rollbacks have largely affected non-core items, which do not significantly impact consumer price perception, and many promotions have been shorter than expected [7] - Tesco has focused on enhancing the overall shopping experience, including better packaging, store retrofits, and a rewarding loyalty scheme, areas where ASDA has not performed as well [8] Group 3: Financial Projections - Tesco's EBIT for FY26 is projected at £3.12 billion, a smaller decline than the market consensus of £2.96 billion, which reflects a 5.2% drop from the previous year [9] - Tesco's market share gains are expected to continue, with consumers trading up to branded goods, which may lead to margin-accretive own-brand sales [14] Group 4: Economic Factors - Grocery inflation appears to have peaked, with recent price increases driven more by labor costs than food supply issues, indicating potential for stabilization in pricing [15] - Tesco's estimated EBIT margin for FY26 is projected at 4.28%, slightly above the market consensus of 4.10%, contingent on no further economic shocks [16] Group 5: Share Buyback and EPS Growth - Tesco is anticipated to complete its £1.45 billion share buyback program ahead of schedule, which could positively impact EPS [17] - The company is projected to achieve a CAGR of 10.65% through FY28, with EPS expected to reach 35.09p, driven by market share gains and increased basket sizes [18] Group 6: Valuation Perspective - Tesco's current PEG ratio is 1.5, close to the sector average of 1.6, and its forward P/E ratio of 13.6 aligns with the comparable average of 14.6, suggesting limited upside potential [21] - Despite a strong performance, Tesco's stock is considered fairly priced, with a fair value target of 440p, indicating that further upside will require stronger market share gains [22]

🔢💰 Top 4 stablecoin issuers hold ~96% market share:@Tether_to is private company@circle is a publicly listed company@ethena_labs & @SkyEcosystem are DAOsProducts > Governance structures https://t.co/RnLDDhf79f ...

BREAKING: BonkFun just hit a new market share ATH of 88.8%!this is the largest BonkFun's market share has been since it launched 3 months ago!and it is coming despite recent intense FUD and attempts to claim its dominance has 'topped'BonkFun has so far generated a total of $32.25 million, or an average of $1.40 million daily, in fees since it became the industry's biggest launchpad 23 days ago58% of BonkFun fees directly buys $BONK:- 50% of fees buys and burns BONK- 4% of fees buys BONK for the Strategic BO ...

RT Token Terminal 📊 (@tokenterminal)🚨 ICYMI: @SkyEcosystem has a ~14% market share in the stablecoin market, based on quarterly stablecoin transfer volume. https://t.co/pL64xZmGre ...

🚨 ICYMI: @SkyEcosystem has a ~14% market share in the stablecoin market, based on quarterly stablecoin transfer volume. https://t.co/pL64xZmGre ...

根据 Blockworks 的数据显示，BonkFun 目前已占据 73.76% 的 launchpad 市场份额而 Pumpfun 的市场份额为 24.17%这些数据表明，BonkFun 对 launchpad 市场的主导地位，比最初报道的还要惊人Blockworks 的数据是基于 bonding curve 的交易量，更准确地反映了 launchpad 行业的真实现状至少相比之下，Jupiter 的数据面板使用的是早期上线项目的 bonding 后交易量来计算“市场份额”，这一方式存在一定偏差例如，#FARTCOIN 早期上线后的链上交易量至今仍被 Jupiter 计入 Pumpfun 的“市场份额”之中BonkFun 能够迅速取得成功，离不开全球范围的大规模用户采用，尤其是中国社区的支持中国用户为 BonkFun 的成功作出了巨大贡献，打造了多个病毒式传播的热门代币，包括 IKUN、旺柴 等我们鼓励优秀的中国用户继续在 BonkFun 上创造更多具有话题性和传播力的项目Unipcs (aka 'Bonk Guy') 🎒 (@theunipcs):according to data from Blockw ...

📊 UPDATE: Binance leads BTC spot trading in H1 2025 with 37.34% market share, over $3.44T in volume. https://t.co/JvcjGgUQi3 ...