It appears the crypto world is experiencing a memecoin renaissance of sorts. What was once a niche corner of the crypto ecosystem has now blossomed into a veritable playground of innovation (and memes). This month, we've witnessed the rise of a new breed of memecoins - those that seek to promote their favorite political figures, as well as those that leverage the star power of high-profile celebrities. So, let's dive into these new sub-categories of memecoins, how they have been performing so far, and other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: |
- Wisconsin's state pension fund takes the plunge, investing $164 million in Bitcoin ETFs. Is this the start of a larger crypto allocation strategy for the fund?
- Ethereum funds see a surge in investor interest after the much-anticipated ETF debut. Is the ETH ETF demand matching the one around Bitcoin ETFs?
- Rapper Iggy Azalea's MOTHER memecoin goes parabolic. What's causing this token's sudden rise?
- Notcoin has seen a 320% price surge in just a few days. What's pushing this coin to new highs?
- The GameStop saga takes an unexpected turn as Keith "Roaring Kitty" Gill faces potential de-platforming from E*Trade. Will he lose his entire portfolio?
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And with that, let's dive into the details behind each of today's top stories! |
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| | GLOBAL MARKET CAP | | $2.56T | | ▼0.38% (24h) | | | 24H MARKET VOLUME | | $76.64B | | ▲2.57% (24h) | | |
| | BITCOIN'S DOMINANCE | | 53.09% | | ▲0.1% (24h) | | | FEAR & GREED INDEX | | 62 | | Greed | | |
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 | Bitcoin | | | $68,902.68 | | ▼0.21% (24h) | |
|  | Ethereum | | | $3,763.41 | | ▼1.18% (24h) | |
|  | BNB | | | $642.89 | | ▲2.13% (24h) | |
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Data as of: 04 Jun 2024 11:20 UTC |
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Wisconsin's Pension Fund Dips Toes in Bitcoin ETF |
Wisconsin's massive state pension fund has recently dipped its toes into crypto by adding $164 million worth of spot Bitcoin ETF exposure to its books. The Wisconsin State Investment Board (SWIB) loaded up on BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale's GBTC in Q1. But according to finance prof David Krause, this is just an opening act in Wisconsin's long-game plan. The SWIB has always been "ahead of the curve" when it comes to innovative investments, he notes. And as one of the rare fully-funded pension giants, they've got the luxury of playing the long liquidity game. Translation? This modest 0.1% Bitcoin ETF stake could be the start of a much larger crypto plan. Have other pension funds shown interest in Bitcoin ETFs? Read the full story! |
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Seems the crypto hype train is picking up steam ahead of Ethereum's big ETF debut. Data from CoinShares shows both Bitcoin and Ethereum funds enjoying some serious investor love over the past week. On the Bitcoin side, global funds raked in a cool $148 million in fresh capital. But the real story is Ethereum is stealing some of that spotlight. After weeks of looking like a kid next to Bitcoin's institutional attention, Ether funds lapped up $33.5 million from investors. A clear sign the ETF buzz is already sparking major FOMO among crypto's big money players. But is the demand surge for Ether ETF matching the one for BTC ETF? Read the full story! |
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Tuesday, 4 Jun on 3PM UTC |
| Dan Held on Bitcoin's future |
Join us today as we host Dan Held, former Head of Marketing at Kraken, to share his insights on the future of Bitcoin and what the rest of 2024 holds! |
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Iggy's MOTHER Token Goes Parabolic |
If there's one thing the world of Crypto Twitter loves, it's a little razzle-dazzle from an unlikely celebrity source. And rap queen Iggy Azalea is giving the degen masses exactly what they want with her new MOTHER memecoin. Just days after its Solana launch, the MOTHER token is already trading like a red-hot mover, reaching a $0.09 all-time high over the weekend. Of course, none of this maniac price action would be complete without some premium Crypto Twitter antics. So what's fueling Iggy's MOTHER token? Read the full story! |
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A 320% surge in mere days pushed Notcoin into the top 100 cryptocurrencies by market cap. All this after quietly amassing a staggering 30 million users on the Telegram platform in just two short months. Now, the fun really begins as Justin Hyun of the TON Foundation drops the bomb – this whole Telegram-crypto symbiosis could very well be a modern "Trojan Horse" for mass blockchain adoption. But what does that exactly mean? What is pushing Notcoin to new highs? Read the full story! |
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GameStop Saga Takes Dark Turn |
Just when you thought the GameStop saga couldn't get any wilder, it took a potentially sinister turn. Keith "Roaring Kitty" Gill, the former YouTuber turned meme stock folk hero, is reportedly facing the prospect of getting de-platformed by E*Trade over alleged market manipulation concerns. According to The Wall Street Journal, the online brokerage owned by Morgan Stanley is seriously mulling the possibility of kicking Gill off their platform. The reason? His recent high-profile re-emergence, complete with a multi-million dollar GameStop stock and options shopping spree, has E*Trade's risk sensors going into overload. Can a platform do that to a user? Will he lose his entire portfolio? Read the full story! |
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And that's a wrap. We will be back with more updates tomorrow! |
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