Bitcoin Sell Pressure In July & New Ethereum Project Backed By Vitalik Buterin
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.
Timestamps:
00:00 Intro
00:16 Market Update
03:46 Mt. Gox Bitcoin Repayments
07:31 Ethereum ETF Delays
11:28 Legal Battles: SEC vs. Coinbase and Consensys
15:35 Vitalik Invests In MegaLabs, Developer of MegaETH
18:19 Altcoin Updates: Blast, Solana, Arbitrum, AO, Toncoin
28:27 ETF Launch & EthCC (July 8–11)
29:00 Polymarket Growth
29:55 Big Firms Entering the Crypto Space
#BTC #ETH #blast
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