😱 Is This Memecoin Gonna Burst? 🫧 🧨
In today’s edition: 🚀 Ethereum’s path to 100,000 TPS, 🏆🍎 Polymarket dominates on Apple's App Store, 🪙 Kraken’s new kBTC token, and more!
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What’s Poppin’?
by Tikta, Veronica Irwin, and Sage D. Young
As SPX6900 Memecoin Rockets in Price, Smart Money Traders Have Started Selling
SPX6900 is a $640 million market cap memecoin with the quixotic goal of achieving a larger market cap than that of the S&P 500.
Ethereum’s Key Goal for ’The Surge’ Is 100,000 TPS: Vitalik Buterin
Ethereum should feel like one ecosystem, not 34 different blockchains, said Ethereum co-founder Vitalik Buterin.
Polymarket Surpasses $1 Billion in Monthly Trading Volume, Becomes Top Free News App in Apple’s U.S. App Store
A 2022 settlement with the CFTC requires Polymarket to block users in the US from making trades, however.
Kraken Launches Wrapped Bitcoin Token kBTC
Kraken’s version of wrapped bitcoin will be compatible with Ethereum and Optimism.
Earn bitcoin on Gemini here.
Daily Bits… ✍️✍️✍
🚔 The FBI arrested an Alabama man accused of hacking the SEC's X, formerly known as Twitter, account in January, using a SIM swap attack to post a fake Bitcoin ETF approval tweet, which caused a brief spike in bitcoin's price.
💵 Stripe is reportedly in advanced talks to acquire Bridge, a fintech platform that helps businesses manage stablecoin payments, as part of its push to integrate stablecoins for global transactions.
🐐 Venture capitalist Marc Andreessen clarified he has no connection to the explosive rise of the GOAT memecoin, which saw its value briefly exceed $300 million, despite public speculation due to his prior support for related projects.
🗳️ The CFTC challenged a court decision allowing prediction market Kalshi to list election contracts, arguing that such political event contracts fall under the definition of gambling.
⚖️ The SEC moved forward with its appeal against Ripple, questioning the legal interpretation of previous rulings concerning the company's XRP sales and involvement of its executives.
🚨 High-risk crypto-backed loans have reached a two-year peak, raising fears of a potential liquidation chain reaction and heightened market volatility.
The $$$ Corner…
💰 Yellow Card, an African stablecoin platform, secured $33 million in a Series C funding round to enhance its infrastructure and expand access to digital financial services across Africa.
🔐 zkPass raised $12.5 million in a Series A funding, reaching a $100 million valuation for its privacy-centric technology designed to verify sensitive data without compromising security.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 1.0%, trading at $67,859
ETH is up 0.5%, trading at $2,626
BTC dominance: 55.11%
Crypto market cap: $2.43T
*All data as of today, 07:05 am ET. Source: CoinGecko
Recommended Reads
Bloomberg: Retail FOMO Goes Missing as Bitcoin Pushes Closer to Its Record
Economist Alex Kruger on how memecoins succeed
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