🔥 Will Biden’s FDIC Pick Crack Down on Crypto?
In today’s edition: 🚨 Jump Crypto Under CFTC scrutiny, 💔 NFT market crash, 💡 LayerZero’s airdrop policy: too much?, and more!
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Iggy Azalea, $MOTHER, and Celeb Coins: Is This the Top of the Crypto Cycle?
A few weeks after its launch, Iggy Azalea’s MOTHER memecoin is still in the spotlight. Host Joe McCann, who recently had dinner with her in New York, gives the inside scoop on how Iggy’s $MOTHER came to be, plus her plans.
Also, Joe says Iggy is so bullish on Solana because it’s fast and cheap… but James Seyffart counters… nothing can be fast, cheap and good. Except ETFs.
Guests Phill Bonello and Kelly Greer delve into the role of venture capital in crypto, and more particularly into dynamics between liquid hedge funds and massive token generation events. And James tells a mind-blowing story about how one ETF and obscure SEC rules could cause whiplash the prices of Apple and Nvidia stock over the next few months.
Plus, after SEC head enforcer David Hirsch resigned from the SEC this week, everyone gave their takes on why. Is Hirsch going to BlackRock, or was he scared about a potential lawsuit?
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Jason Brett, Sage Young, and Sam Sriram
Biden Nominated Christy Goldsmith Romero for FDIC Chair. What Is Her Stance on Crypto?
From her past remarks Christy Goldsmith Romero, who is currently a CFTC commissioner, may take a hard line against crypto.
CFTC Looking Into Jump Crypto’s Activity: Report
Jump Crypto is reportedly in the crosshairs of prosecutors at the CFTC, who are investigating the firm’s trading and investing in the digital asset industry.
German Government Sells $195 Million Bitcoin
The German government has started selling over $195 million worth of the bitcoin it seized from the operators of movie2k.co in January.
Has the Market Decided NFTs Aren’t Worth Millions of Dollars Anymore?
CryptoPunks and Bored Ape Yacht Club are reaching multi-year lows in floor price amidst a broader NFT downturn. However, Milady Maker and Pudgy Penguins are exceptions to the ongoing trend.
LayerZero Users Claim Nearly $121 Million From Airdrop Amid Proof-of-Donation Controversy
Some users who received an airdrop allocation also suffered from increased gas fees and long waiting times to claim.
OPINION: LayerZero’s ‘Pay-to-Claim’ Airdrop Policy Has Gone Too Far
by Juan Aranovich
The decision to impose payments for token claims is a tax as well as an overly paternalistic approach.
Daily Bits… ✍️✍️✍️
📉 Grayscale's Ethereum Trust is facing challenges due to its inability to stake Ethereum, which the firm warns may devalue the trust compared to direct Ethereum investments.
🇨🇦 Canadian asset manager 3iQ filed to list a Solana exchange-traded product on the Toronto Stock Exchange, continuing its efforts to bring crypto investments to mainstream markets.
⚖️ A California judge allowed a securities lawsuit against Ripple CEO Brad Garlinghouse to go to trial, while dismissing several other claims in the case.
💰 MicroStrategy purchased an additional 11,931 bitcoin for $786 million, increasing its total holdings to 226,331 BTC as part of its ongoing investment strategy.
The $$$ Corner…
🔗 Particle Network secured $15 million in Series A funding, led by The Spartan Group and Gumi Cryptos Capital, ahead of launching its mainnet.
What Do You Meme?
📈 Your Market Update 📉
BTC is down 2.9%, trading at $63,824
ETH is down 2.5%, trading at $3,497
BTC dominance: 51.17%
Crypto market cap: $2.46T
*All data as of today, 06:43 am ET. Source: CoinGecko
Recommended Reads
Blockworks: Most RWAs today are tokenized nonsense
DL News: Solana accounts for a fifth of DEX volume, but a new competitor may be catching up
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