Collective Shift
Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
Collective Shift
Bitcoin Sell Pressure In July & New Ethereum Project Backed By Vitalik Buterin
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Collective Shift
Join Matt and Nick as they discuss the state of the market; Ethereum and Solana ETF updates; the SEC suing Consensys; the MegaETH funding round; altcoin updates; and more.
Key Takeaways
- Mt. Gox will start incrementally distributing its ~142,000 BTC to creditors this month. While some BTC will be instantly sold by recipients, the amount of sell pressure will likely not be as large as some may expect.
- Spot Ethereum ETFs are expected to go live slightly later than most expected. Still highly likely they launch in July.
- The SEC sued Consensys, alleging that it violated federal securities laws because some of its offerings are brokers of ‘crypto-asset securities’. In the lawsuit, the SEC alleged that Lido (LDO) and Rocket Pool (RPL) were securities, causing a sell-off.
- Among the altcoin updates covered: BLAST valuation opens at less than market expectations and Solana introduces blockchain links, or blinks.