Join Matt and Nick as they discuss the state of the market; Ethereum and Solana ETF updates; the SEC suing Consensys; the MegaETH funding round; altcoin updates; and more.
Key Takeaways • Mt. Gox will start incrementally distributing its ~142,000 BTC to creditors this month. While some BTC will be instantly sold by recipients, the amount of sell pressure will likely not be as large as some may expect. • Spot Ethereum ETFs are expected to go live slightly later than most expected. Still highly likely they launch in July. • The SEC sued Consensys, alleging that it violated federal securities laws because some of its offerings are brokers of ‘crypto-asset securities’. In the lawsuit, the SEC alleged that Lido (LDO) and Rocket Pool (RPL) were securities, causing a sell-off. • Among the altcoin updates covered: BLAST valuation opens at less than market expectations and Solana introduces blockchain links, or blinks.
Timestamps: 00:00 Intro 00:16 Market Update 03:46 Mt. Gox Bitcoin Repayments 07:31 Ethereum ETF Delays 11:28 Legal Battles: SEC vs. Coinbase and Consensys 15:35 Vitalik Invests In MegaLabs, Developer of MegaETH 18:19 Altcoin Updates: Blast, Solana, Arbitrum, AO, Toncoin 28:27 ETF Launch & EthCC (July 8–11) 29:00 Polymarket Growth 29:55 Big Firms Entering the Crypto Space
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