cover of episode Weekly Roundup 06/14/24 (Nigeria v Binance, Terraform settles with SEC, Are Dems pivoting on Crypto?) (EP.536)

Weekly Roundup 06/14/24 (Nigeria v Binance, Terraform settles with SEC, Are Dems pivoting on Crypto?) (EP.536)

2024/6/14
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On The Brink with Castle Island
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Coin Metrics：Meme币的市场规模已达600亿美元，其中Dogecoin和Pepe占据了80%。自2023年以来，Meme币的交易量占比超过50%，其投资回报率高达740%。这表明Meme币市场发展迅速，并对整体加密货币市场产生了一定的影响。

Deep Dive

Chapters
GameStop's surprising financial turnaround, fueled by the meme stock craze, leaves many wondering about the company's future strategies and the long-term impact of this unusual market phenomenon.
  • GameStop eliminated its debt and amassed $4 billion in cash.
  • Roaring Kitty's options, potentially worth a significant sum, are nearing their expiration date.
  • GameStop's future plans for the substantial capital remain unclear, with potential interest in M&A activities.

Shownotes Transcript

Matt and Nic are back for another week of news and deals. In this episode:

  • GME and Roaringkitty drama
  • The detention of Tigran Gambaryan continues
  • OP_CAT prospects
  • Biden considers accepting crypto campaign donations
  • What’s the deal with Hamster Kombat
  • Martin Shkreli vs PleasrDAO
  • Terraform labs settles up with the SEC
  • Microstrategy is still buying Bitcoin
  • Should crypto holders donate coins to Biden?
  • New nominee for FDIC chair
  • Are democrats pivoting on crypto? 
  • We dissect a tweet thread by Rep Sean Casten

Sponsor notes:

  • Meme Coin Mania)
  • In Coin Metrics' State of the Network issue 263, we delve into the surge of meme coin activity on Ethereum and Solana, highlighting key market trends driven by the meme coin sector.

Content Mentioned:

  • Jen Wieczner in NYMAG, Are Democrats Pivoting on Crypto)