ROLLUP: ETFs Back? | Robinhood Acquires Bitstamp | Biden SAB-121 Veto

Friday Weekly Rollup 1st Week of June 2024
Jun 7, 20241 min read

✨ Mint the episode on Zora ✨


(00:00) Crypto News & Market Updates

Bitcoin and Ethereum ETFs, price movements, bullish predictions, political implications, layer twos, Robinhood's acquisition, and profitability.

(08:25) Cryptocurrency Market Trends and Rate Cuts

Eigenlayer's TVL growth, EtherFi and Pendle surpassing Uniswap, potential Uniswap resurgence, and Binance's BNB reaching all-time highs.

(15:08) Rate Cuts, Stocks, and ETFs

Central banks cutting rates, Vance Spencer's prediction of a rate cut cycle, NVIDIA's rise in value, Roaring Kitty's GameStop investment, and demand for Ethereum ETFs.

(25:06) Ethereum ETF Approval Analysis

Ethereum's price stagnation after ETF announcement, Solana's popularity, timeline and impact of ETF approval, and competitive landscape among issuers.

(29:05) Ethereum Price Predictions and Analyses

Crypto markets lack disclosures, exchanges are unregulated, and there is tension between traditional finance and crypto-native perspectives.

(41:49) Crypto Politics and Market Trends

Democrats' shifting stances on crypto, Stand With Crypto advocacy group, meme coin trading, Starkware's expansion, and Coinbase's mass adoption wallet.

(45:08) Robinhood Acquires Bitstamp

Robinhood acquires Bitstamp to enhance crypto program and expand globally amidst SEC lawsuits and meme coin popularity.

(54:12) Crypto Updates and Speculations

Coinbase's new feature, Starkware's ZK rollups for Bitcoin and Ethereum, CryptoPunk prices, and BlackRock and Citadel's rival stock exchange in Texas.

(01:03:52) Meme of the Week & ETH ETFs

Reflecting on the timeline, we anticipate ETH ETFs to start trading in early July, as we explore the risky yet exciting crypto frontier.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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