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Overview:

Hey fam!

A message that caused some commotion of the last week.
Mt. Gox issued notice that it will begin repayments to its customers in Bitcoin and Bitcoin Cash immediately. Bearish or bullish?

Martin Shkreli released $DJT memecoin, claiming Barron Trump is involved. Even the mainstream media reported on this. 

NFT markets are seeing a new round of declines as farmers pull bids and loans, and as always, hidden alphas and AI tools that you shouldn't miss.

Let’s gooooo!

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BTC & Alts:

• Mt. Gox issued notice that it will begin repayments to its customers in Bitcoin and Bitcoin Cash.Bitcoin immediately fell on the news, down 5% on the day to $61,000. It's a big deal, because reimbursements include 142,000 Bitcoin ($8.6B) and 143,000 Bitcoin Cash ($50M).

• CryptoQuant released data showing that "Long-term Holder Whales" have sold $1.2B worth of Bitcoin over the past 2 weeks. This was an "unprecedented" amount of selling in USD terms, according to CryptoQuant's Head of Research Julio Moreno.

• Tether announced xAUT, a digital token backed by physical gold. Tether Gold (XAUt) is a token that provides you ownership of real physical gold. By putting gold on a Blockchain, we unlock a variety of characteristics that typically only crypto assets possess.

• Canada's largest digital asset manager 3iQ filed to list a Solana ETP (exchange traded product, like an ETF) on the Toronto Stock Exchange (TSX). This would be the first public SOL ETP in North America.

• Chainlink is the universal platform for pioneering the future of global markets onchain. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors. Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Memecoins:

• Martin Shkreli released $DJT memecoin, claimed Barron Trump involved — Mainstream media coverage.Shkreli sent a series of DMs to ZachXBT in which he claimed that he and Trump’s youngest son were behind the coin. “I have over 1000 pieces of evidence, I created it with Barron,” read one message.

• Memeland announced its latest Stakeland project, $BORPA, a new memecoin with fair distribution via a financial game. It combines cute memes and edgy gameplay to create a unique experience for everyone. Incubated by @EntangleFi, it will be launched simultaneously on multiple blockchains.

• KuCoin announced it will list $DOG perps and will support up to 8x leverage, starting June 25

NFT’s / Web3:

• @Cbb0fe announcing that he's ending season 3 farming of Blur. CBB has been around 40% of the entire Blur market over the past few weeks. NFT markets seeing a new round of red as farmers pull bids and loans.

• Goblintown teased its "Escape Goblintown" game coming soon on Roblox. You can see the trailer here. 

• Garga teased new gameplay in the upcoming Otherside trip "Project Dragon" including guns, grenades and more. Garga: “More importantly: All the components we use to build Project Dragon, we're going to bake that content and those blueprints down for other builders to use and make stuff with the ODK, our extension of the MSquared World Builder.”

• Luca Netz announced Igloo Inc, the new parent company for Pudgy's, Overpass & "Redacted" with the mission to build the largest Onchain community and drive a consumer crypto revolution. 

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.

• Headshot Pro - Get professional headshots to make your resume and social media handles shine.

• Tweet Hunter - Grow on X by scheduling content, engaging, brainstorming using AI, and getting content inspiration using this tool.

• M1-Project - Your 24/7 AI-powered marketing copilot.

Alpha:

• Layer Zero’s token claim live, “Proof-of-Donation”. Supported Chains: Ethereum, Arbitrum, Optimism, Base, Polygon, BNB Chain, and Avalanche. To claim ZRO, users must donate $0.10 in USDC, USDT, or native ETH per ZRO

• Photon announced Solana rewards for top traders, future token confirmed. From June 10 to June 17: Top 300 traders with the highest 7-Days Points on Photon leaderboard + 1,700 bonus prize winners

• Fortune article on Farcaster hints at upcoming token. Farcaster received $150 million in a round led by Paradigm in May. 

• ZkSync’s $ZK token launched, $2B FDV — Claim here

POST OF THE WEEK

• Blast airdrop, activity at ATH, mixed sentiment