• Bitcoin Sell Pressure In July & New Ethereum Project Backed By Vitalik Buterin

  • Jul 2 2024
  • Length: 32 mins
  • Podcast

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Bitcoin Sell Pressure In July & New Ethereum Project Backed By Vitalik Buterin

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  • Summary

  • Join Matt and Nick as they discuss the state of the market; Ethereum and Solana ETF updates; the SEC suing Consensys; the MegaETH funding round; altcoin updates; and more.

    Key Takeaways

    • Mt. Gox will start incrementally distributing its ~142,000 BTC to creditors this month. While some BTC will be instantly sold by recipients, the amount of sell pressure will likely not be as large as some may expect.
    • Spot Ethereum ETFs are expected to go live slightly later than most expected. Still highly likely they launch in July.
    • The SEC sued Consensys, alleging that it violated federal securities laws because some of its offerings are brokers of ‘crypto-asset securities’. In the lawsuit, the SEC alleged that Lido (LDO) and Rocket Pool (RPL) were securities, causing a sell-off.
    • Among the altcoin updates covered: BLAST valuation opens at less than market expectations and Solana introduces blockchain links, or blinks.
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