6/12/24: Shkreli, The Music Thief 💿🤑⛏️

Author

Valko
June 12, 2024

Top News

  1. Pleasr DAO sues Martin Shkreli over Wu-Tang Clan album rights

  2. Solana memecoins soar on Hunter Biden guilty verdict

  3. Trump wants all remaining Bitcoin to be 'made in USA'

Specs’ Breakdown

1. Pleasr DAO sues Martin Shkreli over Wu-Tang Clan album rights

⌐◪-◪ → PleasrDAO is suing Martin Shkreli for live streaming the Wu-Tang Clan album "Once Upon a Time in Shaolin," which the DAO bought for $4M in 2021.

The Twitter exchange between them is pretty golden:

  1. Martin calls out Pleasr DAO for blocking him

  2. Pleasr DAO unblocks and serves (subpoena) Martin

  3. Martin replies with spicy tweet — read it

My favorite take on the situation is Foobar’s tweet where he pokes fun at the idea of music IP by calling them “illegal notes”.

Regardless, Martin continues to be one of the most interesting characters of our time. What a weird guy.

Who’s in the wrong - Martin or PleasrDAO? → Let me know. 

2. Solana meme coins soar on Hunter Biden guilty verdict

⌐◪-◪ → Hunter Biden was just found guilty on three felony gun charges relating to the purchase of a firearm back in 2018. The jury decided he lied about being a drug user when filling out the forms.

Naturally, memecoins surged.

Jeo Boden ($BODEN) jumped 10% in the first hour following the guilty verdict.

Hunter Boden ($HUNTBODEN) spiked by 116% in less than 30 minutes following the guilty verdict.

This is proof that any press is good press, and we should all be doing a lot more crazy shit to pump our bags.

What goes up must come down.

3. Trump wants all remaining Bitcoin to be 'made in USA'

⌐◪-◪ → Trump met with Bitcoin miners Riot Platforms and Clean Spark to show his support for the broader cryptocurrency industry.

Trump struck a chord with the crypto community with his signature stupid-simple-executive-speak™ when he said:

 “I want all Bitcoin to be made in America”

Love or hate the guy — his ability to juxtapose culture and deliver new ideas in simple, familiar, and memetic messages is why he might win the Presidency (again).

What’s more incredible though, is the fact that Democrats are just letting Republicans own the entire crypto revolution.

Elizabeth Warren’s anti-Bitcoin crusade might single-handedly cost Democrats the election.

Do you think the Democrats still have a chance? → Let me know.

Everything Else

⛓️ Crypto & DeFi

  • Polygon launches 10 year grant program with $23M in SOL

  • ZKsync accused of insider allocation

  • TipLink creates new in-browser wallet linked to Google accounts

  • CRV 5% away from liquidating 350M CRV and $90M in loans

  • Circle CEO says crypto is in the best position it's ever been

  • Crypto and AI could be a $20T megatrend, says Bitwise

  • MetaMask adds 'pooled staking' for cheaper Ethereum validation

  • Symbiotic unveils restaking protocol to challenge EigenLayer

  • BNB returns to all-time highs after a rough 2023

  • Arthur Hayes joins Covalent as advisor, receives token compensation

  • Mellow launches liquid restaking platform with Symbiotic

  • MONAD to go live on Phanton on day 1

  • Phantom introduced limit orders on Solana

  • Ripple CEO unveils name of upcoming stablecoin, $RLUSD

🏦 Wall Street & VC

🏛️ Legal & Regulatory

🌎 Rest of the World

  • Zimbabwe seeks comments on the crypto industry to fuel policy

  • Hong Kong's financial official touts flexible crypto ETF features

  • Metaplanet discloses $1.6M Bitcoin purchase, shares jump 10%

🖼️ NFTs & Metaverse

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