🦎🚀 Would you pay 9-figures for the truth? 💸

By rahmat hidayat

Wednesday, June 19, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Are we out of harm's way, Geckos?     Ethereum is now out of the SEC's crosshairs, but will this bode well for the state of the markets?    In today's news:   Who made the memecoin? 🕵️ Not a security! ⚖️   Read on! 24h Hot Searches Worldwide 🔥 Toshi                       (+7.4%) MAGA Hat              (+6.8%) ZKsync                     (-2.0%) Undeads Games    (-9.8%) MAGA                    (+15.6%) Brett                      (+10.5%) Wormhole              (-2.2%) Ordinals and Runes Hit $1 Billion Market Cap   Bitcoin-based non-fungible tokens (NFTs) have quickly grown to a $1 billion valuation, as interest surged in recent times.   What are some of the popular collections driving this growth? Read more Who made the memecoin? 🕵️   A surprising turn of events for the latest Trump-themed token to hit the crypto space.   Long-time popular crypto influencer GCR has come out of the woodwork in pursuit of the creator of the DJT memecoin, issuing a $100M bet against Trump's supposed involvement in the project.   Another influencer, Alex Wice, originally proposed the bet with a wager of just $1M.   Not too long after, blockchain analytics platform Arkham Intelligence offered a $150,000 bounty to anyone who could prove the identity of the creator of the DJT memecoin.   The infamous 'Pharma Bro', Martin Shkreli, who had initially denied any involvement in the token's creation, then revealed himself as the mastermind behind DJT.   With this revelation, Shkreli now wants GCR to honor their bet, claiming that the token was launched in collaboration with Donald Trump's son, Barron.   However, it remains to be seen whether GCR will entertain this request or back out altogether.   Regardless, the drama surrounding DJT has inevitably affected its price, as DJT has fallen by 50% from $0.22 to $0.11 as of the time of writing.   Editor's Note: It's unlikely that anyone will part with $100M from such a claim. As per the condition needed to satisfy the bet, GCR mentions that it is only 'real' if Donald Trump himself claims that the memecoin is his. As such, it's still really anybody's guess as to whether the Trump campaign is actually involved or if this is just another regular memecoin.   Which side of the curve are you on? The Midcurve meme, explained. Watch now Not a security! ⚖️   According to the Ethereum development firm Consensys, the SEC has decided to close its investigation on Ethereum 2.0.   In a recently published post on X, Consensys claims that the SEC will no longer be bringing charges regarding the sale of ETH as securities.   Earlier in June, Consensys sent a letter to the SEC for confirmation regarding the classification of ETH as a commodity, considering the approval of the recent ETH ETFs in May.   Furthermore, the firm states that the fight is not yet over and that they are looking for further clarification regarding the usage of Metamask's Swap and Stake feature as a non-violation against securities laws.   However, crypto personality Adam Cochran pointed out that ETH's status as a commodity was already clear with the ETF approvals and that Consensys escaped the SEC, not Ethereum.     Learn about smart wallets and their benefits, and find out how to get started with Coinbase's smart wallet. Learn more In Other News...   Providing the Tools. The Ethereum network behind Pixels and Axie Infinity will let game developers deploy their own dedicated chains built on Polygon tech.   Holy Tokens. The Vatican Library unveiled a new initiative to preserve its manuscript collection, rewarding social media users and donors with Soulbound NFTs.   Change in Tokenomics. Ethena Labs new tokenomics now requires airdrop recipients to lock up at least half of their ENA tokens, causing an uproar among users.   41% of Top Zksync Token Airdrop Recipients Sold Full Allocation, According to Nansen.   Ethereum Restaking Protocol Renzo Raises $17M.   New Features. dYdX upgrade brings isolated margin, isolated markets, and Raydium support. 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Let us know

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