@Sakura please summarize this article, thanks uwu.
TLDR 
The crypto markets are seeing a resurgence of speculative activity, with increased leverage and demand for stablecoins like sUSDe, leading to higher yields and opportunities for yield traders.
Key Points 
- Increased leverage and speculation in the crypto markets, as seen in CME futures basis and perpetual funding rates
- Growing demand for stablecoins like sUSDe, leading to higher yields (up to 30%)
- Opportunities for yield traders on platforms like Pendle, with fixed annualized yields up to 20%
- Onchain lending rates for USDC and USDT have also increased, reflecting the demand for leverage
In-depth Summary 
The article discusses the current state of the crypto markets, which have seen a resurgence of speculative activity. This is evident in the increasing leverage and demand for stablecoins like sUSDe, which has led to higher yields on these assets.
The CME futures basis for Bitcoin is nearing 20% annualized, and the perpetual funding rates on crypto-native platforms are also elevated, indicating strong demand for leverage. This, in turn, is driving up the yields on stablecoins like sUSDe, which have reached around 30%.
The increased demand for stablecoins has also led to sUSDe surpassing 3 billion in supply, and flipping sDAI+sUSDS in terms of total supply. The article also notes that the risk-free rate on-chain is becoming less attractive as investors can generate 10%+ yields on stablecoins in various protocols.
The demand for leverage is also visible in the increased lending rates for USDC and USDT across spot lending markets. This has created opportunities for yield traders on platforms like Pendle, where they can lock in fixed annualized yields of up to 20% on sUSDe.
ELI5 
The crypto markets are getting really exciting again! People are using a lot of borrowed money to buy and trade cryptocurrencies, which is driving up the prices and creating high yields on stablecoins. This is making it a great time for people who want to earn money by lending out their stablecoins or trading them. But it might not be so great for people who are trying to bet against the market.
Writer’s Main Point
The main point of the article is to highlight the current state of the crypto markets, where increased speculation and leverage are driving up demand for stablecoins and creating opportunities for yield traders. The author seems to be taking a neutral stance, noting that there are opportunities for both bulls and “delta neutral yield maximisors” in these conditions.
