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Overview:

Hey fam!

Gary Gensler told Senators in a budget hearing subcommittee that the ETH spot ETFs are likely to be approved by the end of summer. This could finally be a catalyst for the awaited altcoin rally.

Warning cringe: Rapper Lil Pump shared pictures with a new "SOLANA" tattoo on his forehead, causing an uproar on Crypto Twitter. Top signal for Solana memecoins?

Additionally, Paradigm has raised its 3rd crypto VC fund with $850M earmarked for early-stage crypto companies. An astonishingly high sum. 

And as always, you'll find plenty of alphas and important information. Have fun scrolling!

BTC & Alts:

• Gary Gensler told Senators in a budget hearing subcommittee that the ETH spot ETFs are likely to be approved by the end of summer (by end of August specifically). Very bullish for ETH and of course for altcoins.

• BlackRock says tokenization is happening on ETH. The future of tokenization, bringing every asset in the world onchain, is likely to happen on ETH (at least according to BlackRock).

• The largest bank in the world ICBC shared a paper on digital assets praising BTC & Ether earlier this week

Memecoins:

• Magic Eden teased $MOTHER payment integration via crossmint, coming soon

• Rapper Lil Pump shared pictures with a new "SOLANA" tattoo on his forehead, causing an uproar on Crypto Twitter; Top signal? 😀

• Beeple announced "PepeFest" for August 10 at Beeple Studios in Charleston. His aim is to educate and celebrate this historic internet phenomenon. RSVP is now open for owners of Pepe, Pepe Coin, Rare Pepe, Pepe Editions / Peplicator by Matt Furie, or Beeple NFTs.

NFT’s / Web3:

• A new "Banana Bill" proposal has been raised in the ApeCoin DAO asking for 100M $APE ($108M) to negotiate commercial agreements with partners to build on ApeChain and for user incentives rewarding ApeChain users

• Paradigm has raised its 3rd crypto VC fund with $850M marked for early stage crypto companies. This substantial capital raise marks one of the largest in the history of crypto-focused funds.

• Layer Zero announced its Layer Zero Foundation along with a June 20 TGE teaser. It remains unclear whether this date marks the distribution of the tokens or the entitlement date for the new ZRO token.

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.

• 1. Koe AI - An advanced AI voice changer that can completely transform your audio.

• 2.  Promptly - A no-code platform for creating AI-driven apps and chatbots.

• 3. Use Style AI  - An AI-driven website builder named Levi (changes the name), which creates customizable websites in under 60 seconds.

Alpha:

• Pudgy Penguins introduced a new "blueprint" showing all the plans for the growing ecosystem, notably including LayerZero (future airdrop?), a focus on Tech, Merch, Products, Licensing, Content & growth and more

• Wolf Game announced "The Cash Grab" as a new competition with weekly prizes of $100k + 20% of Golden Box sales along with normal game rewards

• Layer3 has raised $15M in Series A funding ahead of a planned token launch and airdrop. The new funding round comes as Layer3 is set to launch its token and conduct an airdrop in the summer.

• HYCHAIN launched a Trailblazers creator program, offering paid opportunities, monthly rewards, and custom creator codes

POST OF THE WEEK

• Zapper introduced Zapper Protocol with a focus on onchain literacy, powered by $ZAP