Weekend Roundup May 31 - June 6
Daily Crypto News8 Kesä 2024

Weekend Roundup May 31 - June 6

It’s our weekly roundup. Let’s dive into what caught our attention over the past week.


First up, let's talk about Sarah's new nails – a rainbow of colors. She’s got her own unique style going, and it’s honestly the simplest nails she's ever done. When I asked if she did them herself or went to a Korean salon, she surprised me by saying she goes to a Russian one. Always full of surprises, Sarah.


Anyway, let’s get into the news. On Friday, Sarah highlighted PayPal’s stablecoin, PYUSD, launching on Solana. Previously limited to Ethereum, this move could boost their market dominance despite their current low market share. Sarah’s skepticism about the need for another stablecoin, given the dominance of USDT, USDC, and DAI, made for a great discussion. With Tether reporting a $6.2 billion profit in 2023, it’s clear there’s big money in stablecoins.


On Monday, Sarah passed the mic to me to cover Biden’s veto of the SEC’s Staff Accounting Bulletin 121, which was a guidance on crypto custody by companies. Congress felt the SEC overstepped, but Biden backed the SEC, signaling potential anti-crypto sentiments. This move seemed more about supporting his appointed SEC chair rather than a direct stance against crypto. It’s a classic case of office politics in action.


Tuesday was all about Roaring Kitty, the man behind the GameStop frenzy. He revealed he holds over $200 million in GameStop shares, causing the stock to surge 48%. This raised questions about market manipulation, but as Sarah and I discussed, it’s more about his influence and less about any foul play.


By Wednesday, Bitcoin was back in the spotlight, crossing $71,000 with $880 million in ETF inflows. Fidelity, BlackRock, and ARK were major players, while Grayscale saw outflows. We debated the potential for Bitcoin’s value, with predictions ranging from conservative to wildly optimistic. The real question is, can the market sustain these high valuations?


Finally, on Thursday, we discussed the innovative vision of Carl Pei and the Nothing Phone. Pei’s idea of integrating AI deeply into our phone usage could revolutionize how we interact with technology. The challenge will be balancing convenience with privacy concerns, as AI would need significant access to personal data to function effectively.


That’s a wrap for this week’s review. Thanks for tuning in, and we’ll see you next time. Happy HODLing!

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Jaksot(684)

Aug 21: Foundry & ANTPOOL 51%: Worried?

Aug 21: Foundry & ANTPOOL 51%: Worried?

🎤 Kanye West Launches YZY Token on Solana in Frenzied Debut📊 Bitcoin Options Traders Split Ahead of Fed’s Jackson Hole Meeting🏛️ Senator Cynthia Lummis Outlines Timeline for Crypto Market Structure Bill💵 Stablecoins Not Exempt From New York’s Proposed Crypto Tax, Lawmaker Says🤑 Winklevoss Twins Pledge $21M in Bitcoin to Pro-Trump, Anti-Democrat Crypto PAC📉 Bitcoin Analysts Point to Manipulation as BTC Falls to 17-Day Low🚀 Bitwise Predicts Tenfold Bitcoin Price Increase by 2035📉 Trader Cobb & Market Training via The Grow Me CoIRA Infohttps://open.spotify.com/episode/6jqueVfU7GLEhGfWHXFhmE?si=e028b36d266940d3 WHERE TO FIND DCNDailyCryptoNews.Net https://twitter.com/DCNDailyCryptoMagic Newton Wallethttps://magic.link Trader Cobb X: @TraderCobb https://www.thegrowmeco.com/Editing Services https://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

21 Elo 23min

Aug 20: Crossroads of Trust: Stablecoins, Treasuries, and the Future of Crypto

Aug 20: Crossroads of Trust: Stablecoins, Treasuries, and the Future of Crypto

AUG 20 HeadlinesTether minted another $1B USDT on Ethereum, fueling questions about stability.Pump.fun surges past $800M revenue while Bonk.fun collapses, showing Solana memecoin momentum shifts.Public companies and funds now hold over 2% of ETH supply, with SharpLink, BlackRock, and others ramping up accumulation.Fed Governor Michelle Bowman says the U.S. is at a “crossroads” on whether to lead or lag in blockchain innovation.Binance’s new Plasma USDT product filled its $250M cap in 20 minutes, offering yield plus XPL airdrops.Little BitsMonad Trading Cards: 5K CT users got drops, with peer nominations driving recognition.1Kosmos: Cybersecurity startup raised $57M Series B + $10M credit line, building passwordless ID verification.Across Protocol: Launched single-step native bridging between Ethereum and Solana, aiming to reduce 13% drop-off from clunky multi-step bridging.WHERE TO FIND DCNdailycryptonews.nethttps://twitter.com/DCNDailyCryptoEMAIL or FOLLOW the HostEmail: kyle@dailycryptonews.net*****Magic Newton Wallethttps://magic.linkTrader Cobb X: @TraderCobbhttps://www.thegrowmeco.com/Editing Serviceshttps://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! Hosted on Acast. See acast.com/privacy for more information.

20 Elo 19min

Aug 19: The Story of Grift City - How to Burn $140M in VC Money

Aug 19: The Story of Grift City - How to Burn $140M in VC Money

HEADLINES FOR AUGUST 19Wyoming shocks markets with its multi-chain “Frontier” stablecoin launch.1inch unveils native Solana-to-EVM swaps, no bridges required.Chamath’s $250M “American Exceptionalism” SPAC reignites the Grift City debate.Story Protocol implodes—$140M raised, $25 in revenue, and a vanishing CEO.Do we really need more L1s? DeFi Llama data shows daily revenues scraping the bottom.Little BitzSolana hits 100K TPS in test run post-Alpen GlowTether hires Bo Hines, ex-White House Crypto Council head, as U.S. advisorBullish IPO: Raised $1.1B at $37/share, $5.4B valuation (Owners of Coindesk and Peter Thiel-backed operation)WHERE TO FIND DCNdailycryptonews.nethttps://twitter.com/DCNDailyCryptoEMAIL the HostEmail: kyle@dailycryptonews.net*****Magic Newton Wallethttps://magic.linkTrader Cobb X: @TraderCobbhttps://www.thegrowmeco.com/Editing Serviceshttps://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! Hosted on Acast. See acast.com/privacy for more information.

19 Elo 16min

Aug 18: Thailand to Launch Tourist Crypto Payment Sandbox

Aug 18: Thailand to Launch Tourist Crypto Payment Sandbox

🏛️ Gemini Plans to Go Public on Nasdaq as Crypto IPO Boom Continues🌏 Thailand to Launch Crypto Payment System for Tourists🏦 Fed Ends Supervisory Program Over Banks’ Crypto Involvement💥 Moon or Doom: Where XRP Price Heads Next📈 Canary Capital CEO Predicts $150K Bitcoin This Year, Says Ethereum Surge Won’t Last📉 Trader Cobb & Market Training via The Grow Me Co WHERE TO FIND DCNDailyCryptoNews.Net https://twitter.com/DCNDailyCryptoMagic Newton Wallethttps://magic.link Trader Cobb X: @TraderCobb https://www.thegrowmeco.com/Editing Services https://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

18 Elo 12min

Aug 15: OKX Burns Billons to an ATH While Coinbase Makes Massive Deribit Buy

Aug 15: OKX Burns Billons to an ATH While Coinbase Makes Massive Deribit Buy

TODAY'S HEADLINESCoinbase Acquires Deribit — $2.9B cash-and-stock deal for the world’s #1 crypto options exchange by volume and open interest.US Treasury Secretary Flip-Flop on Bitcoin — Scott Bessent walks back comments, says department is exploring “budget-neutral” ways to buy BTC after initially claiming the US wouldn’t buy.Axie Infinity Returns to Ethereum — Ronin chain pivoting to an ETH L2 to become Ethereum’s gaming chain.Tether Mints $1B USDT — Stablecoins flood Binance with $1.82B inflow in hours, signaling potential buying activity.OKX Burns $26B in OKB Tokens — Supply cut from 300M to 21M, sparking debate over token float and market perception.LittleBitz10 Years of Etherscan, Props to blockchain scannersPump.fun dev pleads guilty to stealing $2mCamiInThatThang leaves BerachainWHERE TO FIND DCNdailycryptonews.nethttps://twitter.com/DCNDailyCryptoEMAIL or FOLLOW the HostEmail: kyle@dailycryptonews.net*****Magic Newton Wallethttps://magic.linkTrader Cobb X: @TraderCobbhttps://www.thegrowmeco.com/Editing Serviceshttps://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! Hosted on Acast. See acast.com/privacy for more information.

15 Elo 18min

Aug 14: Bitcoin Blasts Past $124K, Becomes Fifth-Largest Asset, Surpassing Google

Aug 14: Bitcoin Blasts Past $124K, Becomes Fifth-Largest Asset, Surpassing Google

🏆 Bitcoin Breaks $124K, Sets New All-Time High💹 Bitcoin Surpasses Google to Become Fifth-Largest Asset as Fed Rate Cut Bets Rise📈 Ether ETFs See Second-Biggest Inflows as ETH Hits New High⚖️ Justin Sun Sues Bloomberg, Plans to Publish Confidential Crypto Holdings💵 MetaMask to Launch New Stablecoin, MMUSD📱 Google Clarifies Play Store Crypto Wallet Policy After Backlash💸 Coinbase Loses $300K in MEV Exploit After 0x Swapper Contract Misstep📉 Trader Cobb & Market Training via The Grow Me Cohttps://youtu.be/elYrWn_lbFY?si=fDczGSxo6hZg20XQ https://charts.bitbo.io WHERE TO FIND DCNDailyCryptoNews.Net https://twitter.com/DCNDailyCryptoMagic Newton Wallethttps://magic.link Trader Cobb X: @TraderCobb https://www.thegrowmeco.com/Editing Services https://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

14 Elo 10min

Aug 13: Bessent Floats 50bp Fed Cut in September

Aug 13: Bessent Floats 50bp Fed Cut in September

📉 Bessent Predicts 50bps September Rate Cut — What It Could Mean for Crypto🛡️ Monero Survives 51% Attack Attempt — How AI Protocol Qubic Helped Protect the Privacy Chain🚀 Ethzilla: Ethereum Treasury Stock Soars as Peter Thiel Buys In🏛️ Bank Groups Push U.S. Senate to Close Gaps in New Stablecoin Law🎓 Harvard’s $117M Bitcoin ETF Stake Now Tops Holdings in Google and Nvidia📉 Trader Cobb & Market Training via The Grow Me Co WHERE TO FIND DCNDailyCryptoNews.Net https://twitter.com/DCNDailyCryptoMagic Newton Wallethttps://magic.link Trader Cobb X: @TraderCobb https://www.thegrowmeco.com/Editing Services https://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! ©Copyright 2024 Matthew Aaron Podcasts LLC Hosted on Acast. See acast.com/privacy for more information.

13 Elo 20min

Aug 12: L1 and Done - Everybody’s Building a Blockchain Now

Aug 12: L1 and Done - Everybody’s Building a Blockchain Now

Today’s HeadlinesCircle & Stripe Build Layer 1 BlockchainsCircle’s new Arc chain will use USDC as native gas. Stripe is developing its own L1 with Paradigm after acquiring Privy in June. Between Coinbase, Robinhood, Stripe, and Circle, we’re staring down a four-way fintech L1 showdown.Bitmine Hits 1.15M ETHBitmine became the first public company to hold over 1M ETH—worth $5B—after adding 320K ETH in a week. SharpLink isn’t far behind with 598,800 ETH ($2.5B). Companies are accumulating ETH at record speed, with 97% of holders now in profit.Treasury Tokenization ExpandsHeritage Distilling (Nasdaq: CASK) is raising $220M ($100M cash + $120M in $IP tokens) for a $360M Story Protocol treasury. Safety Shot Inc. plans to buy $25M in Bonk, even as its stock plunged 50%. Rumble eyes $1.17B acquisition of a Tether-owned AI firm.Fall Conference Season Kicks OffETHNYC is live this week, while SALT Wyoming is up next. Token2049 (Singapore) and KBW (Seoul) are on deck in September. EDCON will run Sept. 16–19, and DevCon heads to Buenos Aires in November.Friends of the ShowC3The C3 team has more than 20 years of experience in journalism, including leading the editorial and content side of a major Web3 news publication. They are also experienced AI and Web3 PR professionals, regularly placing content in leading web3 and AI publications. C3's members previously co-founded the PR department at SCRIB3, and have experience with clients such as EigenLayer, VanEck, Monad, SKALE Network, LEVR Bet, Symmio, Camp Network, Evmos, Avail, Moonbeam, and others.WHERE TO FIND DCNdailycryptonews.nethttps://twitter.com/DCNDailyCryptoEMAIL or FOLLOW the HostEmail: kyle@dailycryptonews.net*****Magic Newton Wallethttps://magic.linkTrader Cobb X: @TraderCobbhttps://www.thegrowmeco.com/Editing Serviceshttps://www.contentbuck.com——————————————————————***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! Hosted on Acast. See acast.com/privacy for more information.

12 Elo 21min

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