🎥 Roaring Kitty: The Return
In today’s edition: 🎮 Meme tweet drives 14x surge, ⚠️ Coinbase faces system wide outage, 💰 EigenLayer airdrop sees massive claim, and more!
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What’s Poppin’?
by Sam Sriram, Sage Young and Savannah Fortis
A Guide to ‘Roaring Kitty’s’ Many Movie References as He Returns to X
After disappearing from the scene in 2021, influential GameStop investor “Roaring Kitty” has resurfaced on X and posted multiple movie clips with no comment. Here’s our interpretation.
Solana’s GME Soars 14-Fold as ‘Roaring Kitty’ GameStop Commenter Returns
Keith Gills, a.k.a. Roaring Kitty, tweeted a meme on Sunday of a gamer becoming serious, ending a roughly three-year hiatus from the social media platform.
Coinbase Investigates System Wide Outage
Coinbase assured users that funds are safe as its team investigates a system wide outage.
EigenLayer Early Adopters Claim $359 Million Worth of EIGEN in 3 Days After Airdrop
Of the roughly 108,000 wallet addresses that have claimed their airdrop allocation, just over 76,000 decided to stake their EIGEN tokens.
Daily Bits… ✍️✍️✍️
🇺🇸 President Biden halted a Chinese-owned crypto mining operation near Warren Air Force Base, citing national security risks due to its proximity and foreign technology.
🗳️ Coinbase-initiated nonprofit Stand With Crypto launched a PAC to support political candidates favorable to the crypto community, with plans to back five congressional races.
📊 Jito DAO is considering a governance proposal to allocate $29 million for liquidity mining to maintain its competitiveness in Solana liquid staking.
⚖️The CFTC settled with Falcon Labs for operating as an unregistered futures commission merchant, resulting in a $1.7 million fine for facilitating trading on digital asset exchanges.
📉 U.S. Senators Ron Wyden and Cynthia Lummis raised concerns over the DOJ's expanded definition of money transmission, criticizing its treatment of crypto mixers as unlicensed money-transmitting businesses.
👨💼 Antonio Juliano, founder of the decentralized exchange dYdX, announced he is stepping down as CEO to become chairman and president, with Ivo Crnkovic-Rubsamen taking over as CEO.
🔒 Bahrain-based crypto exchange Rain experienced a $14.8 million exploit, resulting in suspicious outflows of BTC, ETH, SOL, and XRP.
🚫 Bitcoin mining firm Bitfarms fired CEO Geoffrey Morphy after he filed a $27 million lawsuit against the company for breach of contract.
The $$$ Corner…
💰 Web3 AI platform ChainML closed $6.2 million in a seed extension round led by Hack VC and introduced its agentic base layer, Theoriq.
💸 Zest Protocol raised $3.5 million for on-chain Bitcoin lending using Stacks, with investment led by Tim Draper and participation from Binance Labs and others.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 1.3%, trading at $61,817
ETH is down 1.7%, trading at $2,909
BTC dominance: 51.11%
Crypto market cap: $2.38T
*All data as of today, 07:30 am ET. Source: CoinGecko
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