Bankless ROLLUP: Solana ETF? | $Blast L2 Launch | Solana's Blink & ZK Compression | ETH ETF Next Week?
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Jun 28, 2024 Anticipation mounts for the potential Ethereum ETF launch, stirring excitement in the crypto community. Solana shines with innovative features like ZK Compression and Blinks, alongside a new token drop. The history of Mt. Gox adds a fascinating layer to market dynamics, while insights on crypto cycles highlight the industry's resilience. Discussions also touch on shifting landscapes in airdrops, the competitive edge of Solana in the ETF arena, and the complexities of navigating crypto regulations.
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Current Crypto Market
- Crypto prices are currently down, with Bitcoin down 5% and ETH down 2% on the week.
- Despite this, market sentiment suggests this is a sideways cooling-off period, not a bear market.
Mt. Gox Bitcoin Distribution
- Mt. Gox is finally distributing its Bitcoin to creditors after a 2014 security breach.
- The distribution of 140,000 Bitcoin is causing some concern about potential sell pressure.
Governments Selling Bitcoin
- The German and U.S. governments are selling seized Bitcoin, adding to market sell pressure.
- The U.S. government holds the most Bitcoin of any nation, but less than Michael Saylor.