6/14/24: Gary, Is That You? ☀️🛍️🎮

Author

Valko
June 14, 2024

Top News

  1. Gensler ‘envisions’ ETH ETFs will be approved by end of summer

  2. Shopify now supports hundreds of tokens on Solana Pay via Helio

  3. GameStop board meeting servers crash, too many listeners

Specs’ Breakdown

1. Gensler ‘envisions’ ETH ETFs will be approved by end of summer

⌐◪-◪ → Guys, Gary just had a vision — the Ethereum ETFs will be approved by the end of summer!!!

Be right back, setting my alarm for the autumn equinox.

Props to Senator Hagerty for putting on the pressure and getting a real answer from Gensler. Watch the full video here.

In 10 years, the normies will think this was DeFi Summer.

2. Shopify now supports crypto tokens via Solana Pay

⌐◪-◪ → Millions of Shopify vendors can now accept hundreds of different cryptocurrencies thanks to Helio’s new Solana Pay plugin.

The benefits to merchants are undeniable:

  • Low fees - Save your $ and spend it where it matters

  • Instant payouts - Don't wait days for your money

  • Zero chargebacks - Peace of mind with every sale

  • Global accessibility - Reach customers worldwide

Everybody is trying to reinvent the wheel, but sometimes the most impactful use cases are the simplest ones, payments.

3. GameStop board meeting servers crash, too many listeners

⌐◪-◪ → GameStop just postponed its annual meeting after “technical difficulties” prevented shareholders from joining.

Why? Well because the Memestock Mob™ was trying to listen in to get some sweet sweet alpha and verify whether the rumors were true — that GameStop was adding Roaring Kitty to the board.

The meeting was postponed to Monday, June 17th, which just so happens to be National Take Your Cat To Work Day.

How about that for some alpha?

Everything Else

⛓️ Crypto & DeFi

  • Polkadot to move away from parachain architecture in new proposal

  • Holograph hack leads to $7M loss, HLG token dives 80%

  • UwU Lend offers $5M bounty to catch its exploiter

  • The Graph completes transition to decentralized data layer

  • Consensys decentralizes Hollywood with Film.io and VillageDAO

🏦 Wall Street

🚀 Venture Capital

  • Paradigm raises $850M for a third investment fund

  • Paradigm names Georgios Konstantopoulos a general partner

🏛️ Legal & Regulatory

  • Terraform $4.5B settlement with SEC signed off by U.S. judge

  • Ripple wants lower fine than SEC’s proposed $2B, cites Terraform

  • Biden nominates CFTC Commissioners to FDIC and Treasury roles

  • Biden’s proposed tax would kill Bitcoin mining in the U.S.

  • Sen. Durbin questions CFTC's ability to regulate crypto

  • Rep. Thomas Massie brings forward bill to kill the Federal Reserve

🌎 Rest of the World

🖼️ NFTs & Metaverse

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