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Quick facts about Web3 you'd never google. #1: During Ethereum's ICO in 2014, the price of 1 $ETH was $0.31. #2: It is estimated that about 20% of all Bitcoin is lost forever. #3: The largest bribe in Web3's sniping history is 141.66 ETH (~$350K) to buy $SAVM #4: As of 2024, there are 2.5M+ tokens issued on Ethereum. #5: As of 2024, there are 925 active CEXs worldwide. #6: One of the highest profit trades in crypto history involves the Winklevoss twins who bought $11M worth of Bitcoin in April 2013. In December 2017, their investment appreciated to ~$1.3 billion. #7: The largest hack in crypto history to date is the Ronin Network (Axie Infinity) hack, where ~$620 million was stolen. #8: The percentage of total crypto transaction volume associated with illicit activity, including hacks, is estimated at 0.3%. #9: The largest Web3 wallet by value currently holds over $30 billion worth of various cryptocurrencies and is owned by Binance. #10: The lowest Bitcoin dominance in history was around 37% in January 2018. #11: Monad Labs is the most-funded project in 2024 with $225M raised. #12: The highest gas fee in Ethereum's history was recorded on February 23, 2021 when the average gas price surged to over 1,400 Gwei (0.04 Ether). #13: The largest ICO in history was conducted by EOS in 2018, raising over $4 billion. #14: As of 2024, there are over 35,000 Bitcoin ATMs worldwide. #15: The first decentralized exchange was EtherDelta, launched in 2016. #16: The Pineapple Fund, created by an anonymous Bitcoin philanthropist, donated over $55 million worth of Bitcoin to various charities in 2017 and 2018. #17: The first travel booking platform to accept Bitcoin was CheapAir in 2013. #18: In 2021, SpaceChain sent a Bitcoin node to the International Space Station (ISS), making it the first blockchain transaction executed in space. #19: Vitalik Buterin donated over $1 billion worth of SHIB tokens to the India COVID-Crypto Relief Fund in 2021. #20: The first-ever NFT for a physical item was the digital token for the 2006 Ferrari 599 GTB Fiorano, which sold for $2.5 million in 2021.

🚀 Check out this week's highlights on #MarginX! 📈 https://x.com/marginx_io/status/1799519761753338102

Stronghold Reports 47% Drop in Bitcoin Output for May Stronghold disclosed a 47% drop in Bitcoin production for May, surpassing declines seen by competitors Cipher and Marathon. https://cryptoslate.com/stronghold-discloses-47-drop-in-btc-output-in-may-more-than-cipher-marathon/ Bloomberg Analyst Calls for FOIA Request into SEC's Ethereum ETF Decision A Bloomberg analyst has called for a FOIA request to gain transparency into the SEC's decision-making process regarding the Ethereum ETF. https://cryptoslate.com/bloomberg-analyst-calls-for-foia-request-into-secs-ethereum-etf-decision/ Arthur Hayes Predicts Impending Bitcoin Bull Run Arthur Hayes predicts a significant bull run for Bitcoin as central banks begin to ease rates, potentially driving prices higher. https://cryptoslate.com/arthur-hayes-predicts-impending-bull-run-for-bitcoin-as-central-banks-start-easing-rates/ Who is Roaring Kitty? Keith Gill (DeepFuckingValue) Returns to Twitter Keith Gill, known as Roaring Kitty and DeepFuckingValue, has made a comeback on Twitter, sparking renewed interest in his investment insights. https://decrypt.co/230566/who-is-roaring-kitty-keith-gill-deepfuckingvalue-back-on-twitter Andrew Tate's Meme Coins: "We Must Crash Solana" Controversial figure Andrew Tate has sparked debate with his stance on Solana and involvement in meme coins, calling for a crash. https://decrypt.co/234401/we-must-crash-solana-andrew-tate-meme-coins Rune Christensen Explains Vision for Remaking MakerDAO Rune Christensen shares his vision for transforming MakerDAO and potentially discontinuing DAI, aiming to reshape the DeFi landscape. https://www.coindesk.com/consensus-magazine/2024/06/07/rune-christensen-explains-why-he-wants-to-remake-maker-and-kill-dai/

TL;DR ARK Invest Won't Issue an Ethereum ETF ARK Invest has decided not to issue an Ethereum ETF, citing regulatory uncertainties and market conditions as primary concerns. https://www.dlnews.com/articles/markets/why-ark-invest-wont-issue-an-ethereum-etf/ Trump Supports Crypto Industry at Fundraiser Former President Donald Trump expressed his support for the cryptocurrency industry during a recent fundraiser, signaling potential political backing for the sector. https://www.dlnews.com/articles/snapshot/trump-says-he-supports-crypto-industry-at-fundraiser/ Biden's Threat to Wall Street's $16 Trillion Tokenization Gamble President Biden's administration poses a potential threat to Wall Street's significant investments in tokenization, which could disrupt the financial industry's future. https://www.dlnews.com/articles/regulation/biden-threat-to-wall-streets-16tn-tokenisation-gamble/ Arthur Hayes Urges Portfolio Companies to Launch Tokens Arthur Hayes is advising his portfolio companies to launch their own tokens, emphasizing the importance of leveraging blockchain technology for growth. https://www.dlnews.com/articles/people-culture/arthur-hayes-tells-his-portfolio-companies-to-launch-tokens/ TON Foundation Expands Access to USDT on TON The TON Foundation announces plans to widen access to USDT on the TON network, enhancing liquidity and user options on the platform. https://news.bitcoin.com/ton-foundation-announces-plans-to-widen-access-to-usdt-on-ton/ Crypto Market Traders in the US: Labor and Employment Insights A report highlights the trends and challenges faced by crypto market traders in the United States regarding labor and employment. https://cointelegraph.com/news/crypto-market-traders-united-states-labor-employment Ripple CTO Issues Warning to XRP Army Ripple CTO David Schwartz cautions the XRP community about potential risks, while "Rich Dad Poor Dad" author makes a bold Bitcoin price prediction. https://u.today/ripple-cto-issues-important-warning-to-xrp-army-rich-dad-poor-dad-author-makes-stunning-btc-price Iggy Azalea Denies Rug Pull Allegations as Token Surges Iggy Azalea insists she is not a "rug puller" after her token surged 1000% in a week, addressing concerns about the project's legitimacy. https://u.today/iggy-azalea-insists-shes-no-rug-puller-as-her-token-surges-1000-in-week Double Bullish Bitcoin "Godzilla Candles" Suggested by Samson Mow Samson Mow suggests a double bullish scenario for Bitcoin, comparing potential price movements to "Godzilla candles." https://u.today/double-bullish-bitcoin-godzilla-candles-case-suggested-by-samson-mow Mixed Bag in Latest US Jobs Report The latest US jobs report shows a mixed economic picture with significant job additions but an increase in the unemployment rate to 4.0%. https://blockworks.co/news/jobs-report-shows-mixed-bag Bakkt Considers Potential Sale or Breakup Crypto marketplace Bakkt is weighing options for a potential sale or breakup amid market uncertainties and strategic reevaluations. https://www.bloomberg.com/news/articles/2024-06-07/crypto-marketplace-bakkt-said-to-weigh-potential-sale-breakup Companies with High Free Cash Flow Yields A review of companies with high free cash flow yields highlights investment opportunities in a challenging market environment. https://www.bloomberg.com/news/newsletters/2024-06-07/calf-cowz-and-companies-with-free-cash-flow-yields Big Friday Crypto Selloff Pulls Bitcoin Below $70K A significant selloff in the crypto market on Friday led to Bitcoin falling below the $70,000 mark, impacting investor sentiment. https://www.coindesk.com/markets/2024/06/07/big-friday-crypto-selloff-pulls-bitcoin-below-70k/ GameStop Tumbles 40% as Roaring Kitty Returns to Livestream GameStop's stock plummeted 40% following the return of trading icon Roaring Kitty to livestreaming, reigniting volatility. https://www.coindesk.com/markets/2024/06/07/gamestop-tumbles-40-as-trading-icon-roaring-kitty-returns-to-livestream/

TL;DR Public Companies with the Biggest Bitcoin Portfolios Several public companies hold significant Bitcoin portfolios, with MicroStrategy and Tesla leading the pack. These firms' investments have influenced market perceptions and adoption of Bitcoin. https://decrypt.co/47061/public-companies-biggest-bitcoin-portfolios Arweave Acquires Crypto Social Media App Odysee Arweave has acquired the crypto social media app Odysee, aiming to challenge traditional platforms like Twitter with decentralized solutions. https://www.dlnews.com/articles/web3/arweave-acquires-crypto-social-media-app-odysee-we-havent-won-until-it-replaces-twitter/ Arbitrum DAO May Allocate $200M to Crypto Games Arbitrum DAO is considering distributing $200 million to crypto gaming projects to bolster the ecosystem and drive innovation. https://www.dlnews.com/articles/defi/why-arbitrum-dao-might-shower-crypto-games-with-200m-dollars/ GameStop Shares Dive After Q1 Earnings Report GameStop's shares dropped following a disappointing Q1 earnings report, reflecting ongoing challenges in the retail gaming sector. https://decrypt.co/234351/gamestop-dives-q1-earnings-report Pudgy Penguins Mobile Game Coming to Polkadot A new mobile game featuring Pudgy Penguins is set to launch on the Polkadot network, expanding the platform's gaming offerings. https://decrypt.co/234198/the-week-in-polkadot-pudgy-penguins-mobile-game-coming-to-polkadot US Added 272K Jobs in May, Unemployment Rises to 4.0% The US economy added 272,000 jobs in May, surpassing estimates, though the unemployment rate rose to 4.0%, indicating a mixed labor market outlook. https://www.coindesk.com/business/2024/06/07/us-added-272k-jobs-in-may-blowing-past-estimates-unemployment-rates-rises-to-40/

TL;DR SEC Chair Gensler: Ethereum ETF Launch Timeline Depends on Applicants' Speed The launch of a spot Ethereum ETF hinges on the speed and thoroughness of applicant submissions, with details on the approval process remaining vague. Kraken Plans to Raise $100 Million Ahead of 2025 IPO Cryptocurrency exchange Kraken aims to raise $100 million to bolster its operations in preparation for a 2025 initial public offering. DTCC Highlights Tokenization Potential in Congressional Testimony The Depository Trust & Clearing Corporation (DTCC) emphasizes the transformative potential of tokenization, highlighting efficiency and transparency benefits in a testimony to Congress. FTX Creditor Group Objects to Bankruptcy Reorganization Plan A group of FTX creditors files an objection against the proposed bankruptcy reorganization plan, citing concerns about transparency and fairness. MicroStrategy Faces Highest Institutional Short Positions Among Crypto Firms MicroStrategy has the highest net short positions by institutions among crypto-related companies, indicating significant bearish sentiment towards the firm. Web3 Gaming Platform Sandbox Lowers Valuation by $3 Billion, Raises $20 Million Sandbox reduces its valuation by $3 billion but successfully raises $20 million in new funding. Floki Surges as DWF Labs Announces Support Floki, a Dogecoin competitor, sees a significant price increase following investment firm DWF Labs' announcement of support. Scammers Use Fake SpaceX Livestream to Solicit Crypto Scammers create a fake SpaceX livestream with an AI voiceover to solicit cryptocurrency from viewers. $1.5 Billion Liquidation Cascade Awaiting Bitcoin at $72,000, Says Willy Woo Analyst Willy Woo warns of a potential $1.5 billion liquidation cascade if Bitcoin reaches $72,000. Dora Factory Announces Historic Airdrop to Over One Million Atom Stakers Dora Factory plans a significant airdrop, the largest in MACI voting history, to over one million Atom stakers. Spot Bitcoin ETFs See Inflows of $886.75 Million in a Single Day Spot Bitcoin ETFs experience massive inflows totaling $886.75 million, marking the second-highest single-day figure on record. GameStop-Inspired Solana Memecoin Soars Over 80% A Solana-based memecoin inspired by GameStop surged over 80%, driven by investor interest. This spike coincides with Roaring Kitty revealing a $586 million GME position. Bitcoin Falls Back After Attempt at $72K Bitcoin's attempt to reach $72,000 fell short, but analysts believe new all-time highs are possible due to favorable Fed policies, US economic data, and global rate cuts. Bitcoin Mining Stocks Soar Amid Takeover Frenzy Bitcoin mining stocks experience significant gains amid a wave of takeovers, reflecting growing interest and investment in the sector. Hulk Hogan Solana Memecoin Drops $15 Million in Value A Solana memecoin endorsed by Hulk Hogan lost $15 million in value after the wrestler allegedly deleted promotional posts. Jim Cramer Criticizes Dogecoin ETFs Amid SEC Scrutiny Jim Cramer criticizes Dogecoin ETFs, expressing concerns about their speculative nature. This comes as SEC Chair Gary Gensler tightens scrutiny on crypto markets.

ALO, MEMES! It's time to kick start a new thread dedicated entirely to memecoins! https://x.com/marginx_io/status/1796115954411114883

Memecoin made by ChatGPT for $69 now worth $618 million as casino culture rages https://cryptoslate.com/memecoin-made-by-chatgpt-for-69-now-worth-618-million-as-casino-culture-rages/

Category

Narratives are a huge part of crypto. Here's a look at how mindshare has evolved for the top ones since the start of 2024. AI, Memes & ETFs - leading largely throughout. SocialFi, GameFi & L2s - in fast rotations.

Levana (LVN) coming to MarginX. https://forum.starscan.io/t/proposal-to-integrate-functionx-on-levana/5913