Today’s issue is brought to you by Safe — the world’s leading smart account provider on EVM, securing $100B+ in assets (including Vitalik’s).

👉 Join their Telegram for exclusive alpha!

Telegram | Twitter | Community

Our monkey JPEGs are actually — finally — totally safe!

The SEC has officially ended its investigation into Yuga Labs after more than three years, without any enforcement action. This isn’t just a win for BAYC holders—it’s a win for all NFT communities. NFTs are now effectively deemed NOT securities.

That said, don’t think the SEC won’t come after NFT projects that commit fraud or issue tokens that act like securities (e.g., promising revenue shares or direct financial returns). But the broader picture? The vibe shift is real.

We are literally watching the SEC drop investigations left and right against major crypto players like Coinbase, OpenSea, Uniswap, Consensys, and now Yuga Labs. The agency’s new crypto task force will hold its first roundtable later this month, kicking off a series of meetings to provide actual regulatory clarity for the industry.

I know the market is down, but you have to see the forest from the trees. The future has never looked brighter for crypto.

Time to sit on your hands and HODL. Don’t capitulate and sell the dip—be greedy when others are fearful.

What did he know?

An Ethereum whale shorted ETH at $3,200 with 50x leverage—and is now sitting on an unrealized profit of $81M.

This move came just as the entire market started to slump. Some highlights:

• Crypto market loses 350B in 24 hours, 2nd worst drop ever

• Crypto ETPs saw record $2.9B in weekly outflows

• ETH/BTC ratio just hit a 4-year low

• ETH tested $2K, its lowest level since Nov 2023

Naturally, Crypto Twitter is speculating that this trader had insider knowledge. But so far, there’s no concrete evidence—just an insane level of conviction on a massive, high-leverage short. Maybe they’re just that good.

The whale has started closing positions to secure profits, as the market begins reacting to their trade. This is where crypto’s transparency shines—no backroom deals, no hidden trades—everything is on-chain, for everyone to see.

Imagine applying the same real-time trading transparency to politicians. Right now, they technically have to disclose their trades, but they get 45 days to do so. That’s plenty of time to adjust narratives, manipulate sentiment, and front-run retail.

This sort of system would instantly delete any alpha politicians have from their insider knowledge.

Elon, do something.

The rumor mill is spinning!

Everyone is waiting to see what Trump announces this Friday at the first-ever White House Crypto Summit.

One of the biggest rumors floating around? Trump will eliminate capital gains tax on crypto held for over a year.

We’ve heard this before. Back in January, Eric Trump teased the idea, saying it could boost innovation and investment, further positioning the U.S. as the global leader in crypto.

Unfortunately for our bags, this one looks like fake news. The supposed leak came from a Discord chat with Eric Trump and David F. Bailey, but Bailey quickly shot it down, saying “Magoo is trolling. You’re now a victim of fake news.”

No reputable sources have backed the claim, so don’t get your hopes up. But it’s amazing how quickly people latch onto rumors when they align with their confirmation bias.

As for whether this would actually be a good idea? Hard to say. The bag bias is real.

Join Specs.Chat to see what the hive mind thinks.

Join Our Community!

Designed to make you a better crypto investor, builder, and operator.

💬 Chat with Valko and other experts
📚 Access additional hand-curated resources
😊 Make friends, share memes, have fun