ETH's SEC Investigation Suspended

In Partnership with Io.net

The Internet of GPUs continues its growth, with verified GPUs up 116% month over month to 177k. The team at IO also continues to sign up strategic partnerships, including recent ones with AIRian and Compute Labs.

ETH 1 / SEC 0

ETH and ETH beta bouncing today on news that SEC investigation into Ethereum has been suspended. Over the past 24hr, ETH is up 3.5%, PEPE +8%, LDO +13% and ENS +17%. Other major developments of the day include:

• LayerZero drops its airdrop checker

• DJT has transitioned from a coin launched by Donald Trump → to a coin launched by Barron → to a coin launched by Martin Shkreli with very loose ties to maybe a friend of Barron

  • GCR also attempted to bet $100mm that Donald Trump has zero involvement

  • The token is down over 65% over the last 24hr

• Azuro launches its token

From an attention point of view, DJT, BILLY, BEER, WOLF, TRUMP and MOG were all leaders, with BEER, WOLF & TRUMP in this list as main attention gainers.

Daily TG trading volumes still in a downtrend after their early June spike, with SOL dominating share at 60% and ETH at 34%. Volumes are still running a bit stronger than the April lows but much lower than the very bullish March period.

A lot more coins bouncing today, with relative strength seen in:

• SOLLY

• WOLF

• TAP

• HEGE

• BENJI

• BILLY

• CHEESE

• BIAO

• WOLF

• MAGA

I’d like to remind everyone that one of the best signals in our chainEDGE data has been coming from sub 5 day old tokens with $100k smart holdings. Yesterday we posted the below data with leaders on SOL including DJT, BILLY and WOLF. While DJT obviously got smoked after not really having ties to Trump or his team, BILLY and WOLF are at or near ATH and up 94% on average over the past 24hr…

Some interesting new projects getting smart attention (without tokens):

• Uncharted

• B3

• O Bot

• Time.Fun

• Playback

It appears stocks have been leading crypto for most of this run since 2023, and the recent divergence could be an opportunity for this gap to close?

SMART MONEY CORNER - Presented by chainEDGE

• Notable EVM smart bids into PEPE, AZUR and TAO. New launches AZUR and MAGANOMICS have gotten $100k+ of smart holdings since launch as well

• SOL smart flows into BILLY, DADDY and NUB, with DJT seeing $1mm+ of net selling from smart money

• DJT, BILLY and WOLF all still in the top 10 by smart $ held, with limited changes across the rest of the list.

• On the EVM side, most notable coins in the top 10 by smart $ held include BIAO, BOBO, KEYCAT and BENJI

MEME OF THE DAY