top crypto AI research platform Nansen just flagged $USELESS as undergoing 'Aggressive Accumulation'
with the USELESS inflow/FDV ratio hitting 42%, which is a pretty big deal!
other metrics continue to look good for USELESS:
- it just hit yet another holder ATH at a time pretty much every major memecoin is bleeding holders
- it remains the second most-traded memecoin onchain after $TRUMP
- it has consistently done more onchain volume than every other memecoin except TRUMP over the past month
everything continues to align for USELESS to go on a face-melting run the moment the BTC uptrend is re-established!
Erebor will focus on lending to hard technology and defense companies as part of its broader mission to support American industrial capacity.
@PalmerLuckey and @JTLonsdale founded it in response to the 2023 collapse of Silicon Valley Bank. They intend to operate it as one of the most conservative banks in the United States, targeting a loan-to-deposit ratio of ~50% at launch. They plan to reduce that ratio over time.
Erebor has raised $275M. The capital will primarily be used to meet regulatory requirements; the bank plans to maintain 12% regulatory capital against deposits.
For now, ChinaโU.S. trade tensions continue to escalate ahead of the scheduled October 29 meeting between President Trump and President Xi.
#economy#Tariffs#trade#china#markets@FT