Guys, I did some chart analysis, and the 2025 case is unfolding again:
BTC kept dumping until April 9, then went up only until late 2025.
Today is April 10, 2026.
Do with this info what you want.
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Ignas | DeFi
23K posts
Ignas | DeFi
@DefiIgnas
Subscribe to my DeFi blog to get ahead of the curve 👉 https://t.co/7O0WAdXUnT Co-founder of @PinkBrains_io DeFi Creator Studio
Katılım Şubat 2017
1.8K Takip Edilen158.2K Takipçiler
1/ Circle, US company, dominating EUR stablecoin market is such a European fail.
Europe missed Big Tech, payments, cloud, fumbling AI and now EUR stablecoins.
ECB plans digital EUR by 2029 but:
- it's proposing a 3,000 EUR holding limit per wallet, transfer limits etc... Designed to fail.
- by then Circle's network effects get locked in.
It's like Tether <> Tron story repeating again: not the most optimal solution yet they locked in users and network effects.
European native stablecoin projects exist (Qivalis, EURe, EURI, EURA) but they're small. They lack funding and incentives for adoption.
What's even more humiliating is that Circle is fundamentally a USDC company.
USDC is $70B and EURC .... $460M.
Europe's dominant euro stablecoin is a side project for an American company focused on growing the dollar hegemony.
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They never explained how they’ll repay the stablecoin debt.
Because they can’t.
WLFI is too illiquid to sell: dumping $8.2M causes ~72% slippage, and $411M sits deposited on Dolomite.
Thanksgiving is coming.
WLFI@worldlibertyfi
Let's talk about the FUD going around our WLFI Markets lending position. It's wrong. Here's what's actually happening — and why the real story is a lot more interesting.
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@materkel as a Europooor i want highly liquid eur stablecoins. i dont want to rely on usd stablecoins only
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@DefiIgnas USD stablecoins have had a pretty good head start, though.
EURC grew from $80M to over $400M in 2025 alone, so the growth is definitely there. It has only just now become useful in DeFi with acceptable slippage.
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@cryptofishx pls give me just 1% of your billion USD
For my familiar pls
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@waleswoosh higher chance it's a scam than not a scam.
Just crypto things
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CT is too fast to call things "scams" these days.
I'm getting a bit tired of seeing the same old takes on the timeline every time something launches.
Just because you didn't get a five-figure airdrop, or because a token is down on launch day, doesn't mean it's a scam
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3/ And Circle is now running the exact same playbook in the UK.
Dante Disparte just addressed the House of Lords pushing for a UK law that combines MiCA + the US GENIUS Act.
I was just reading his FT opinion letter and it finally clicked with me.
They lobby for the rules that benefit them, then they are the first to comply, and get the market by default while others (europooors) are too slow to react.
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2/ The worst part is Circle didn't even win on product.
They lobbied for the rules that gave them the market.
Dante Disparte (Circle policy chief) was lobbying for MiCA as "GDPR for crypto" since 2022.
Circle hosted "Navigating MiCA" sessions with Stefan Berger, the European Parliament guy who literally wrote MiCA law..
Then when MiCA came into law, Circle was the only top 10 stablecoin issuer ready with a license.
Tether's EURT was out. Delisted from CEXs.
'Luckily' Circle had a French EMI license to get all the European marketshare.
They grew from 17% to 60% share in 12 months without competing.
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If any inactive delegates wish to pass on the torch and put their COMP voting power to use again, be my guest. I plan to enhance the activity of discussions.
cc @rleshner @MonetSupply @DefiIgnas @EventHorizonDAO @avantgardefi
definikola@definikola
As an early supporter and user of @Compound_xyz, in an effort to see a revival of the OG lending protocol and increased governance decentralization, I seek to contribute by serving as an independent (and active!) delegate. If you'd want to support independent opinions and voting going forward, consider delegating to: definikola.eth
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@reisnertobias Yeah. in this case over-collateralization does not matter - it will not prevent the crash as collateral is worthless
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@DefiIgnas Reminds me of LUNA. I know it's different but still some similarities.
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@ImperiumPaper You mean Curve here?
I think other protocols have much more conservative collateral ratios, borrowing amounts and token itself does not only rely on Trump staying in power, no?
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@DefiIgnas At the risk of coming off on the side of WLFI here, how is this different from debt taken out by other founders? I can think of at least 3 where it’s not clear how they can ever repay.
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Already both the U.S. and Iran are claiming to have won the war and are negotiating about the negotiations. As explained in my recent note, it all comes down to who controls the Strait of Hormuz, which will have big implications around the world.
x.com/RayDalio/statu…
Ray Dalio@RayDalio
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@CupOJoseph That is amazing man. Pls don't forget to issue a token when elected!
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I'm running for US Congress. Seriously.
Imagine common sense crypto policy and regulation, aligned with American dynamism.
Check out our list of new Crypto Policies we will support, linked below.
x.com/va_joe/status/…
Joe Schiarizzi🌳@va_joe
I’m fed up with the direction our country is going. So I'm running for Congress in Virginia's new 7th district to put working families first, hold the powerful accountable, and fight to build a future we can actually be proud of. Learn more on our site linked below:
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Even more retarded, instead of repaying stablecoin debt, they would deposit more WLFI as collateral.
Sure, liquidation price decreases but it makes the problem worse, not better in the longer term
x.com/worldlibertyfi…
WLFI@worldlibertyfi
We are one of the largest suppliers and borrowers on WLFI Markets. Yes, we supplied WLFI as collateral and borrowed stablecoins. No, we are nowhere near liquidation — and frankly, even if markets moved dramatically against us, we'd simply supply more collateral. That's not a risk. That's how this works.
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btw, why the Trump cartel uses WLFI as collateral, they recently passed new staking mechanism:
those who want to bribe Trump need to lock their tokens for 6 months. They literally put access to team as a benefit of staking.
x.com/DefiIgnas/stat…
Ignas | DeFi@DefiIgnas
$WLFI value proposition is bribes to the Trump inner circle: By staking in a new staking system, $45M USD in $WLFI "Super Nodes" get "guaranteed access to the WLFI team." Minimum staking period is 6 months. Great timing as unlocks start and mid-terms are coming. Imagine the selling candle when Trump's presidency ends.
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Don’t be exit liquidity for Trump’s cartel:
They deposited $484M of $WLFI tokens to borrow USDC.
Those loans will likely never be repaid.
Instead, when Trump leaves office, or even after the midterms if Republicans lose, $WLFI will dump, and Dolomite will be stuck with BAD DEBT.
As a result, USDC lending rates are at 13.5%. But even that APY isn’t worth the risk of not being able to withdraw your deposit.
Everyone knows this.
No surprise Dolomite's $DOLO trades at just $15M market cap because it's a turkey getting ready for Thanksgiving.
Ethan DeFi@EthanDeFi_
Day 44: We're seeing insane levels of crime once again. Yesterday, Trump family's crypto project deposited 5% of $WLFI's total supply on Dolomite and borrowed $75 million in stablecoins against it. 5% of WLFI's token supply is worth roughly $500M. Then, just a few hours before Trump announced the Iran ceasefire, WorldLibertyFi sent $40M+ in stablecoins to Coinbase. (from the ones they borrowed) Did they use these stablecoins to long the markets, knowing what Trump would announce? No one knows, but I wouldn't be surprised. But this is what is very concerning: If that WLFI collateral position ever gets close to liquidation, it's basically unliquidatable without major losses for lenders. $WLFI has almost a $10 billion FDV, but it is not an extremely liquid asset. So imagine what would happen if 5% of WLFI's total supply would suddenly need to be sold to liquidate the position. If you have any USD1 or other stablecoins lent on Dolomite to pools that accept WLFI collateral, my advice is to withdraw it asap. Better to be safe than sorry.
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@WazzCrypto Maybe it is good they decided not ditch Aave and move to Dolomite.
No need for reputational damage to Aave brand
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Trump associates deposited their worthless $WLFI Defi gov token to a lending platform to borrow Stablecoins to cash out
They have no intention of repaying and this position will cause a liquidation cascade and leave the protocol with bad debt
Another Win for the grift family
Ignas | DeFi@DefiIgnas
Don’t be exit liquidity for Trump’s cartel: They deposited $484M of $WLFI tokens to borrow USDC. Those loans will likely never be repaid. Instead, when Trump leaves office, or even after the midterms if Republicans lose, $WLFI will dump, and Dolomite will be stuck with BAD DEBT. As a result, USDC lending rates are at 13.5%. But even that APY isn’t worth the risk of not being able to withdraw your deposit. Everyone knows this. No surprise Dolomite's $DOLO trades at just $15M market cap because it's a turkey getting ready for Thanksgiving.
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@DefiIgnas Looks like an exit scam in the making
Don't hate founders enough
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