5/22/24: Crypto Trumps All 🪙🦄🇬🇧

Author

Valko
May 22, 2024

Top News

  1. Trump’s presidential campaign officially accepts crypto

  2. Uniswap responds to Wells notice, says SEC is 'weak and wrong'

  3. London Stock Exchange approves Bitcoin and Ether ETPs

Specs Feedback Survey + Giveaway 🎉

Help Valko improve Specs by taking this short 3-minute survey. Participants have a chance to win a special prize!

Specs’ Breakdown

1. Trump’s presidential campaign officially accepts crypto

⌐◪-◪ → Donald Trump’s presidential campaign officially accepts crypto donations — and vowed to create a “crypto army”. Some of the tokens they accept include $BTC, $ETH, $USDC, $DOGE, and $SHIB.

This move is important for three reasons:

  1. It signals Trump is pro-crypto, winning those voters

  2. It solidifies crypto’s political importance to the world

  3. It proves memecoins have real staying power

These reasons are bolstered by other key current events such as:

  • The FIT21 crypto bill, which has tremendous support

  • Pending ETH ETF approval, which SEC reversed its stance on

  • $PEPE all-time high, further proving memecoin staying power

While accepting crypto donations might not seem like a big deal, the ripple effects are profound — a global signal that crypto matters and is here to stay.

2. Uniswap responds to Wells notice, says SEC is 'weak and wrong'

⌐◪-◪ → Yesterday, Uniswap responded to the Wells notice it received from the SEC in April.

Their Chief Legal Officer went as far as calling the SEC “weak and wrong” in a longer post on Twitter.

In their response they they argue that airdrops are not investment contracts and reference the Ripple vs SEC case multiple times — I found both of those bits interesting.

If you want to read more about their response, check out:

It’s refreshing to see the crypto industry start winning in court consistently. Keep fighting the good fight Uniswap.

3. London Stock Exchange approves Bitcoin and Ether ETPs

⌐◪-◪ → The Financial Conduct Authority (FCA) just approved WisdomTree’s Bitcoin and Ether ETPs for the London Stock Exchange. Trading will begin on Tuesday, May 28th.

For those who don’t know, ETP stands for exchange-traded products, which is the parent category for ETFs (funds), ETCs (commodities), and ETNs (notes).

This decision comes amid the pending spot Ether ETF approvals in the US — which now have a 75% chance of approval according to Bloomberg.

This approval marks another significant milestone for Bitcoin’s integration into mainstream financial markets — following the USA and Hong Kong within 6 months. Who’s next?

Gradually, then suddenly.

Everything Else

⛓️ Crypto & DeFi

  • 14 years ago today, Laszlo Hanyecz paid 10k BTC for 2 pizzas

  • Vitalik says Ethereum isn’t 'unified' enough amid L2 expansion

  • Gala Games hacker returns $23M in stolen funds

  • Coinbase to launch gold and oil futures trading

  • ZkSync planning on token generation this week

  • Crypto sleuth Ogle proposes security-centric chain 'Glue'

  • Phantom Wallet may add email signup post-Bitski acquisition

  • Jupiter announces initiative to tokenize RWAs

  • Whales Market launches memecoin launchpad to rival Pump.Fun

🏦 Wallstreet & VC

  • CBOE publishes amended spot Ether ETF filings

  • VanEck’s proposed spot Ether ETF added to DTCC website

  • Grayscale ETH Trust discount narrows to 10%

  • BTC to hit new ATH amid ETH ETF approval, Standard Chartered

  • BlackRock’s Bitcoin ETF sees biggest inflows since April

  • Binance discloses investment in derivatives platform Aevo

  • Farcaster raises $150M from Paradigm, a16z, and more

  • Kelp raises $9M for liquid staking platform at $90M valuation

🏛️ Legal & Regulatory

🌎 Rest of the World

🖼️ NFTs & Metaverse

Join Specs Chat!

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

Join now while it’s still free.