Robinhood acquires Bitstamp and Kraken Eyes $100M pre-IPO raise!

M6 Labs Alpha Bytes 🚨 June 7th

GM anon ☕🐺

In today’s Alpha Bytes👇

Robinhood to Acquire Bitstamp Crypto Exchange in $200M All-Cash Deal. GameStop-Inspired Solana Memecoin Soars Over 80% as Roaring Kitty Flashes $586M Worth of GME Position. Crypto exchange Kraken eyes $100M pre-IPO raise.

BTC $71,105 (+0.26%), ETH $3,810 (-0.86%), SOL $171.84 (-0.31%)

Crypto News 📰

  • ECB just cut interest rates for the first time since 2019 

  • US spot bitcoin ETFs achieve record-breaking 18-day streak of net inflows18-day streak of net inflows

  • Binance Resumes Mastercard Payments for Crypto

  • Solana memecoin dev sets self on fire 

  • Medical Device Maker Semler Scientific Buys $17M More Bitcoin  

  • Fleek and Polygon Labs Join Hands 

  • Telegram launches in-app currency ‘Stars’ for digital purchases 

  • Bitcoin Bull Run Poised for Boost as Global Liquidity Hits Record $94 Trillion 

  • Hulk Hogan denies memecoin shilling posts on X — ‘not from me’ 

Project Updates 🔥 

Threads 🧵 

Launches 🚀 

Fundraise 💰

  • $8M Series A led by @multicoincap @MountainUSDM 

  • Sandbox [SAND] has raised $20M  

  • @Tether_to strategic investment of $18.75M in XREX Group   

  • GoPlus Security raised $10M  

Airdrops 🪂

  • Aethir Airdrop Details  

  • Swell  $SWELL airdrop 

  • Kelp DAO (Limited time campaign; June 3-16) 

Videos 🎥

Analysis 📈

That's a wrap for today!

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