Ram Ahluwalia has suggested that up to 99% of existing cryptocurrency tokens might eventually become worthless. He argues that this potential outcome is less about the nature of cryptocurrencies themselves and more about the inherent behavior of capital markets. Ahluwalia's perspective highlights the speculative nature of many tokens and the historical tendency of capital to consolidate around a few successful ventures. In related discussions, Michael Saylor's company has reportedly sold an additional $216 million worth of Bitcoin, raising questions about whether Saylor is becoming a regular seller. Meanwhile, Robinhood's USDG yield, Tether's exit from Europe, and the backlash against OUSD are also making headlines, as are concerns about banks that have ignored stablecoins potentially facing obsolescence.