We’re so back! ETH skyrocketed 22%, Bitcoin surged past $71K. The crypto frenzy is real!

GM anon ☕🐺

In today’s Alpha Bytes👇

The SEC's alleged U-turn on spot Ethereum ETFs under political pressure has markets buzzing. ETH skyrocketed 22%, with analysts eyeing $4K. Bitcoin also surged past $71K, driven by a massive inflow into spot Bitcoin ETFs. The crypto frenzy is real!

BTC $71,152 (+6.20%), ETH $3,787 (+21.78%), SOL $179.47 (+1.18%)

Crypto News 📰 

• ETH jumps 18% amid speculation of SEC approval for spot Ethereum ETFs 

• Spot Ethereum ETF approval could send ETH price to $5k 

• British court rules that Craig White is not Satoshi Nakamoto 

• Grayscale CEO Michael Sonnenshein steps down, replaced by former Goldman Sachs exec. 

• Gaming token Gala stabilizes as company says security incident contained 

• Crypto regulations need global consensus: Indian Finance Minister 

• Notcoin’s explosive growth drives crypto adoption on Telegram 

• Top CEO bets on a shock Biden flip as Congress heads toward crucial vote 

• Eight altcoins rally over 10% as volatility swings markets 

• Brazil’s central bank plans to finalize crypto regulatory framework by the end of the year 

• Democrat House leadership says crypto bill won’t be whipped 

• What to expect at Consensys 2024 

• Bitcoin hits record highs against local currencies in Asia and South America 

• Bitcoin surges past $71k as spot ETF inflows register increase 

• Bitcoin shorts worth $1.4 billion at risk of liquidation if BTC price hits $74.3k 

• US shutdowns lead to global decline in Bitcoin ATMs 

• Bittrex Global CEO commends Thailand’s firm regulatory approach towards crypto 

• Bitget CEO Sandra Lou leaves firm four months after insolvency rumors 

• US House to vote on FIT21 Act, aims to clarify US crypto regulations 

• FBI traces crypto transfers to dismantle $100 million dark web marketplace 

• Galaxy Digital’s Thorn says SEC could label staked ETH as security in ETF plans 

• $300 million meme coin is full of potential security flaws 

• DeFi TVL reaches 2-year high amid marketwide bull run

• FLOKI listed on Binance Thailand as KangaMoon eyes CEX listing 

• Anti-crypto FDIC chair Martin Gruenberg to step down 

• ZachXBT flags Lazarus-linked addresses worth $61 million 

• Crypto exchanges exit Hong Kong license race ahead of May deadline 

• Fidelity reportedly amends Ether ETF S-1 filing, removes ETH staking 

• Yuga Labs halts CryptoPunks project after ‘woke’ community backlash 

• Prometheum launches Ether custody service that treats ETH as a security 

• New York AG reaches $2b settlement with Genesis for defrauded victims 

Project Updates 🔥

• @aevoxyz introduces Aevo Airdrops and Aevo Staking benefits 

• @NAVFinance announces partnership with Versatus Labs 

• HyperliquidX Layer 1 will support a native Layer1 

• Binance calls for project applicants from lower to medium validation 

• New Backpack trading fees for Mad Lads holders 

• How to enter the new Mad Lads VIP program 

• zkSync hints at token launch at end of June 

• LayerZero Sybil self-reporting phase has concluded 

• Velodrome goes love on BOB 

• Memeland x Pixelmon 

• Kinto’s Eigen launch program is over 

• Transferable DIVA proposal and drama

• Introducing unstoppable: The Robinhood of DeFi 

Threads 🧵

• A thread on the RWA landscape by @pinkbrains_io 

• How to breathe some life into the $pufETH market: @CurveCap

• @InceptionLRT V2 -  @eli5_defi 

• Strategy for altcoin season 

• A thread on the state of Polygon 2024 

• DIA | The ultimate Web3 AI map 

• Kairos Research | Liquidity Dynamics: Understanding utilization in liquid restaking tokens 

• Harsh Ghodkar | Case study - Sanctum: Powering the next generation of crypto apps 

• A deep dive into how fraud proof works 

Launches 🚀

• Sanko Mainnet 

• Thetanuts Airdrop and TGE 

• Sekuya TGE

Fundraise 💰

BitlayerLabs (Chain) - $TBD Strategic from OKX Ventures 

New Projects 🆕

• Ligo BTC 

• Acre BTC 

• Locus Chain

• Peach Tech 

• Amelia Network 

• SSK Swap 

That's a wrap for today!

Join our smol research channel to share crypto insights and help us empower the crypto community👇