Summer ATHs Incoming!

M6 Labs Alpha Bytes 🚨 June 5th

Author

M6 Labs
June 05, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin's price exceeds $70K, but volatility and sell-side pressures loom. Spot bitcoin ETFs see $887M in daily net inflows, the second highest so far. FTX wants to pay the IRS $200M instead of $24B in tax liabilities. 

BTC $71,153 (+3.18%), ETH $3,813 (+1.24%), SOL $174.03 (+5.03%)

Crypto News 📰

  • Polygon Labs acquires zero-knowledge research firm Toposware 

  • Pump.fun reaches $30M in revenue from Solana’s meme coin frenzy 

  • BODEN Token Up Over 10%, TREMP Gains 5% After Kraken Lists Solana PoliFi Duo 

  • PSA: There is an ongoing supply chain email breach attack

  • BNB Chain Heats Up as Token Hits Above $710

  • Uniswap, Starknet, BNB Lead Altcoin Gains as Bitcoin Hits $71K 

  • StarkWare plans to bring ZK scaling to Bitcoin alongside Ethereum 

  • Epoch Times CFO indicted for alleged $67M crypto money laundering scheme  

  • Cat-themed memecoins rally following Roaring Kitty's return to Reddit  

  • Dapper Labs’ $4M settlement reaffirms NBA NFTs aren’t securities: CEO  

  • Roaring Kitty’s $300M GME position sparks market manipulation claims 

  • Japanese blockchain Astar proposes $38M token burn 

  • Thailand approves their first spot Bitcoin ETF 

Project Updates 🔥 

Threads 🧵 

Launches 🚀 

Fundraise 💰

Videos 🎥

Analysis 📈

That's a wrap for today!

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