• Arts DAO
  • Posts
  • ETH approval odds increase, altcoins take off, Chainlink is making an important move and more in our weekly news

ETH approval odds increase, altcoins take off, Chainlink is making an important move and more in our weekly news

Author

Arts DAO
May 21, 2024

Arts DAO is the leading Internet Culture and Digital Collectibles community in the Middle East, bringing artists, collectors and builders together to build the future of web3 together.

WANT TO BE VIEWED BY THOUSANDS OF WEB3 READERS?
Contact [email protected] or Arts DAO Admin number for Newsletter Sponsorship Opportunities


Overview:

Hey fam!

A green start to the week, ETH approval odds increase, altcoins take off, that's good to see.

Memecoins are being taken more and more seriously. The days of short pump and dump schemes are over. MarketVecto, a subsidiary of American asset management giant VanEck, launched the Meme Coin Index. 

Chainlink is making an important move by running a pilot with JP Morgan Wall Street, and ApeFest tickets are available starting from May 21st.

Let's get started!

BTC & Alts:

  • Spot Ethereum ETF approval odds increase to 75% from 25%. Alts are starting to run, do we get our Altseason now? Not to mention that NVIDIA earnings are this week, so if the numbers are good, AI coins could get an extra boost.

  • Third largest BTC outflow from Coinbase this year, nearly $1B. Just 24 hours after the exchange reported a system wide outage. But you can rest assured that everything has stabilized and calmed down again.

  • CME Group to launch Bitcoin spot trading. The plan, which is not yet finalized, is to run CME’s spot trading business through the EBS currency trading venue in Switzerland.

  • Chainlink up 18% after JP Morgan Wall Street pilot. This new test with Chainlink differs because the goal is to get Wall Street data from the institutions directly and make it available for use by smart contracts and other Real World Asset (RWA) protocols on public networks.

  • Ton x Tether partnership: Tether collaborates with TON and Oobit to enhance cryptocurrency utility for seamless transactions. Introduces USDT and XAUT on TON’s blockchain, linked with Telegram for accessible P2P transactions.

Memecoins:

  • Roaring Kitty's return pumps memecoins and now he's gone again? On 17.05. was the last post of an excerpt where E.T. is traveling home again, after he had tweeted countless videos daily before. $GME has clearly suffered from this.

  • Pump Dot Fun exploited.  A private security firm tracked down @STACCoverflow, who was taken into custody early Saturday

  • Ponke hits 200M MC. It's remarkable how strong Ponke is when it comes to memes / gifs etc. This consistency over weeks and the build-up of momentum has now been rewarded with a strong breakout.

  • MarketVecto, a subsidiary of American asset management giant VanEck, launched the Meme Coin Index, including Dogecoin (30.77%), Shiba Inu (28.34%), Pepe (14.51%), dogwifhat (12.54%), Floki Inu (7.14%) and BONK (6.7%) ). The Meme Coin Index has returned 137.96% so far this year,

NFT’s:

  • ApeFest tickets on sale May 21. For full details regarding tickets, head to apefest.com 

  • Art Blocks launched Art Blocks Studio. The project, which has been in preparation for over a year, aims to provide a platform for artists to independently publish NFTs or projects. It also allows collectors to explore, connect with artists, purchase, and display algorithmic art. 

  • Zen Is A Mindset: WL for all my Fantasy Card holders, all my DistrictOne share holders, and ofc our ZenAcademy NFTs (Denizens, ZenChests, 333 club passes).

AI:

Every week, we select new AI tools that you can try out. This way, you save time for the more enjoyable things in life. Here are the Tools for your customer support.

Alpha:

Post of the Week