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ETH ETF Szn
In Partnership with Io.net
ETH ETF Szn
The technology has rapidly improved in the past 24 hours. ETH ETF odds are surging, the SEC is asking for 19B-4 filings from exchanges related to a spot Ether ETF and ETH has put in its largest one day candle in 5 years.
Meanwhile GALA was hacked, with the exploiter swapping their new found money into the ETH pump. ETH now sits at $3.6k and BTC at $71k. Hsaka is calling for PEPE to flip SHIB while late last week pump.fun had a small exploit (with the attacker now under custody).
Cobie wrote a substack on new launches, which somewhat mirrors what we wrote last month. Nearly all tokens were up only today, but with notable relative strength in memes, AI and politics coins:
No notable uptick in TG daily trading activity just yet, though ETH’s relative share gains should be noted.
Here are the most interesting new projects getting smart attention (without tokens):
In Partnership with Kernel Protocol
Vector Reserve built the first multi-asset liquid restaking solution that gained $20m+ of TVL with its EigenLayer native vETH. The project is set to rebrand as Kernel Protocol & launch a suite of Karak-native LRTs including ksETH, krETH and kUSD. The team has announced that Napier Finance will be a launch partner for its Karak native LRTs.
We're delighted that @NapierFinance will be a launch partner for our new suite of Karak-native LRTs in 2 ways:
1. Listing krETH, ksETH and kUSD as assets on Napier's yield market.
2. An opportunity to earn Napier points on vETH minting in the meantime.
Details in this 🧵
— Vector Reserve (@vectorreserve)
1:08 PM • May 20, 2024
SMART MONEY CORNER - Presented by chainEDGE
Large spike in smart money volume today on ETH, with big smart buys on GALA, TAO, pepecoin, basedAI, BITCOIN, DOG and QUIL.
BONK and HAMMY were the most notable tokens receiving smart bids from smart money
Across most Solana memes, smart money has been trimming their positions over the past week, except for HAMMY.
While the EVM side shows smart accumulation in BITCOIN and LMEOW primarily, while TRUMP continues to lead from a wallets held point of view
MEME OF THE DAY
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Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. The author may also have positions in the tokens mentioned in the content, so please do your own research.