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Let’s dive in.
The last two weeks have been VERY eventful — the ETH ETFs are one step closer to listing, with the 19b-4s approved. As the market waits for the seemingly likely approvals of the S-1s, Celeb memecoins have exploded, narratives surrounding ETH Beta, RWA, and AI, and Memes continue to dominate.
On celeb memecoins: CT seems to be divided — froth or adoption?
It has long been proven that there is a demand for speculation of prominent figures & events.
Betting platforms allow you to bet on sports and gaming personalities and outcomes.
Polymarket, a prediction market app known for its viral markets surrounding the US Elections, recently raised revealed it has raised $70m across multiple rounds.
Friendtech & Fantasy blew up because they allow for speculation of CT personalities.
Trump & Biden related memecoins have seen spectacular growth this year leading up to the elections.
IMHO, celeb memecoins are the latest iteration of this trend. Just like memes, memecoins feed on attention. Thus, memecoins provide the most direct link to capturing attention.
Is this froth? A top signal? I personally don’t think so.
Anyways, enough rambling. Enjoy this week’s recap!
$SPEC listed on Bybit futures
$AR (Arweave) listed on Bithumb
$ENS (Ethereum Name Service) listed on Bithumb
$ULTI (Ultiverse) added to OKX jumpstart
$STG listed on Upbit
$BEAM listed on Upbit
DeFi
USDe deposits now live on Infinex
Racer wants to migrate Frientech from Base L2
Hyperliquid announces Season 1 of Hyperliquid L1 points program
Fetch.ai, Ocean Protocol and SingularityNET Finalize June 13 Merger
Celeb Memecoins
Iggy Azalea launches memecoin on Solana
Caitlyn Jenner launches new memecoin on Ethereum after first coin failed
Davido launches memecoin on Solana
L1, L2, & Infrastructure
Taiko mainnet live — taikoxyz
Mantle Network: MIP-30 has passed, approving the spinout of Mantle LSP (mETH) into 'NewProject'
UOBVM participates in Fantom Foundation’s $10m funding round
CME has no plans to launch Solana futures: db
Galxe launches its own L1 — Gravity, powered by Arbitrum Nitro, EigenLayer, and Babylon: Coindesk
Bitcoin/ETH ETFs
Blackrock's IBIT and Fidelity's FBTC recorded inflows of over $474m for the week, while Grayscale’s ETF bled again
Blackrock & Fidelity file S-1 forms: Phoenix
Fidelity spot ETH ETF listed on DTCC: Phoenix
Hashdex withdraws proposal for spot ETH ETF: The Block
Legal & Regulations
The New York Stock Exchange announces collaboration with Coindesk indices to launch financial products tracking spot Bitcoin prices
Biden says he is vetoing congressional disapproval of U.S Securities and Exchange Commission Accounting Bulletin on crypto-assets
Rugs & Exploitations
GCR hacked: hacker posted $LUNA & $ORDI
Caitlyn Jenner & Rich the Kid likely also hacked: posted a pump(dot)fun shitcoin
Beware of this zoom call scam: Never click on links or install applications from strangers no matter how reputable they may seem from the outset.
DO NOT DOWNLOAD the AGGR Chrome extension
Japanese Crypto Exchange DMM Bitcoin Hacked for 4502.9 BTC ($305M). The exchange said they would "guarantee the full amount" — CoinDesk
Reads & Tools
All 141.686K BTC ($9.6B) moved from MtGox Cold Wallets
As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is no imminent sale of bitcoins happening. — former MtGox CEO
Gemini Earn users will get back $2.18 billion of their crypto in-kind. Customers can expect to receive the rest of their "asset balance" within the next year
Celeb memecoins — Boldleonidas
Generate your Twitter Horoscope
Disclaimer
The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.
Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.