Minerva

Tidal Investments and Quantify Chaos Advisors have filed jointly for a new ETF offering, called “STKD Bitcoin & Gold ETF,” that would offer exposure to both #Bitcoin and #Gold

Commercial construction starts, per Costar

A 6-day workweek takes effect in Greece beginning July 1st

Certain industrial and manufacturing facilities, along with businesses that provide 24/7 services, are eligible

Workers will receive 40% more pay during the additional eight hours, and 115% on holidays

Major token unlocks are happening in July including $DYDX, $SUI, $IO, $XAI, $IMX, $APT, $STRK, $ARB, $AXS, $APE, $PIXEL, $WLD, and $ALT with unlocking value exceeding $730 million, per TokenUnlocks and Wu Blockchain

token.unlocks.app

Patent grants by country in 2021, per OBIS

#Ethereum L2 Base has become the most popular #ETH L2, per growthepie

#Base: ~3.5 million daily transactions, +60% in the last 30 days

#Arbitrum: ~2 million daily transactions, -22.3% in the last 30 days

13 of the 15 housing markets in the U.S. at the highest risk of a correction on prices are in Florida, per ResiClub

‘Boring’ Bitcoin Sends Weekend Trading Volume to All-Time Lows The proportion of Bitcoin traded over weekends has declined to an all-time low of 16% this year, according to cryptocurrency research firm Kaiko.

The share of #Bitcoin traded over weekends has declined to an all-time low of 16% in 2024, per Bloomberg

www.bloomberg.com/news/article...

Consider holding quality assets over longer periods instead of day trading, the odds are not in your favor

$2.3 trillion of accumulated savings have been depleted by Americans since August 2021, and excess savings are now below pre-pandemic levels, per Bloomberg

The companies in the S&P 500 $SPY have added ~$6 trillion in market capitalization in the first half 2024, per WSJ

Igloo Inc., the parent company of #NFT project Pudgy Penguins, announced they acquired the on-chain creator economy platform Frame

The Frame team will join Igloo in developing a Layer 2 network designed specifically for on-chain culture and community

Over 65% of the entire #Bitcoin supply hasn’t moved in more than 1 year, per Bitcoin Magazine

SEC returns S-1 forms to Ethereum ETF issuers, with at least one more round to go: Source The SEC has returned the S-1 forms to prospective Ethereum ETF issuers with light comments, asking them to fix the issues and refile.

The SEC has returned S-1 forms to potential spot #Ethereum spot ETF issuers with only a few comments, per The Block

The issuer has been asked to process these comments and resubmit by July 8, meaning there will be at least one more filing before trading begins

www.theblock.co/post/302687/...

Nike $NKE had their worst single-day loss since their 1980 debut on 6/28 of ~20% following their earnings call

U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge A federal judge ruled the SEC had plausibly alleged Binance, Binance.US and Changpeng Zhao violated federal securities laws.

A U.S. Judge in the Washington DC dismissed the SEC's charges against #Binance and CZ related to secondary market $BNB sales and Simple Earn, per CoinDesk

The charges against their initial token offering and ongoing sales of BNB, staking, and fraud can proceed

www.coindesk.com/policy/2024/...

Coinbase $COIN Derivatives has filed with the CFTC to list regulated Futures for Shiba Inu $SHIB, #Chainlink $LINK, #Avalanche $AVAX, #Stellar $XLM, and #Polkadot $DOT

Current mortgage rates as of 6/28/24

The least affordable housing markets in the world, per voronoi

SEC Sues Crypto Firm Consensys for Failing to Register as Broker The US Securities and Exchange Commission said crypto firm Consensys Software Inc. broke its rules when it failed to register as a brokerage and improperly collected millions of dollars in fees.

The SEC has sued Consensys over their MetaMask wallet saying they failed to register as a broker, per Bloomberg

They also targeted #Ethereum staking services Lido and Rocket Pool, referring to their popular stETH and rETH tokens as unregistered securities

www.bloomberg.com/news/article...

Coinbase + Stripe team up to expand global adoption of crypto Stripe and Coinbase have announced a partnership to increase onchain adoption and provide faster, cheaper financial infrastructure. Stripe will add support for Base across its crypto product suite to offer users faster and cheaper money transfers

Coinbase $COIN is partnering with Stripe using their #Ethereum L2 base for cheaper financial infrastructure access for millions of businesses around the world

www.coinbase.com/blog/coinbas...

PayPal $PYPL founder and billionaire Peter Thiel says he still holds #Bitcoin

"I didn't buy as much as I should have"

21Shares has become the 2nd company to apply for a spot #Solana ETF

The ruling diminishes the power of federal agencies, taking away their power to interpret ambiguous laws through rule making

For example, the SEC has been making rules for #crypto, in the absence of laws made by Congress without expressed consent from Congress for them to regulate the industry

In a 6-3 opinion, SCOTUS has overruled Chevron deference, a 1984 precedent that says when congressional laws are "ambiguous”, federal judges should defer to "reasonable" federal agency discretion

Bolivia has made #Bitcoin trading and payments legal once again in an effort to modernize their financial system

How the U.S. Dollar system works, per River

May PCE inflation (the Fed's preferred inflation measure) came in at 2.6%, in-line with expectations of 2.6%

Core PCE inflation fell to 2.6%, in-line with expectations of 2.6%

The Internal Revenue Service (IRS) has issued a public apology to hedge fund manager Ken Griffin for failing to protect his confidential tax data from being stolen and leaked to the media by a contractor who is now in prison, per Bloomberg

The U.S. market cap as a % of world market cap is near an all-time high, per Bloomberg