The Great Golden Ape 🐵🌵🤑

Valko

The Great Golden Ape 🐵🌵🤑 Valko

Specs’ Insights

Gold fur Bored Ape sells for 247 ETH or $940,000

⌐◪-◪ → The NFT bull market rages on as Bored Ape #8861 sells for 246.94 ETH ($932,700).

This sale comes on the heels of other major NFT sales like the recent $16M CryptoPunk sale and the $14.5M Autouglyph set sale.

The seller held this ape for 1,041 days after minting it for 0.08 ETH, making this a 308,575% return on the investment.

Big congrats to both the buyer and seller on this historic NFT sale.
- seller → @BrianBelt79
- buyer → @jimmstar1

If this doesn’t have you bullish, ApeCoin DAO just approved a proposal to spend $24M buying “museum-quality” NFTs like BAYC, MAYC, Punks, and more.

Meanwhile, nothing but crickets from Rolling Stone on NFTs.

Let me know what you think in Specs Chat!

Arizona considers adding BTC ETFs to state retirement portfolios

⌐◪-◪ → The Arizona State Senate is actively considering adding the recently approved spot Bitcoin ETFs to the state’s retirement portfolio.

The bill passed the Senate’s Third Reading in a 16-3 vote and is now being reviewed by the House for the second time.

If approved, this will put a lot of pressure on other States to do the same and could set off a Bitcoin-purchasing race between States.

This is a big deal considering there is $5.5T sitting in state pension funds, which would be a major unlock for Bitcoin.

In addition to bringing more capital inflows to Bitcoin, which is good for our bags, hundreds of thousands of voters will now have exposure to Bitcoin — which could significantly propel demand and political support.

One can imagine how this quickly evolves to entire Nations competing against one another to purchase Bitcoin, in fact, Snowden thinks some Nations (beyond the ones we know) are already buying in secret.

Bitcoin is the new retirement.

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Misspelled celebrity meme $BODEN, $DANOLD, and more surge

⌐◪-◪ → Looks like the casino that is Solana has found a new muse → misspelled celebrity meme coins like:

Jeo Boden ($BODEN)Danold Tromp ($DANOLD)Doland Tremp ($TREMP)Olen MOSK ($OLEN)Berik Obema ($OBEMA)and more

One trader went viral for turning $260 into $433,000 by betting on $BODEN, which currently has a market cap of ~$26.9M.

This trend stems from Spoderman, a character in the poorly-drawn MS Paint comic series “Dolan” from 2012.

While I think this is hilarious, and love this flavor of internet culture, it will end poorly for 99% of traders (gamblers). So if you choose to engage, only put up what you’re willing to lose 100% of.

Lastly, while some call this a “top signal”, I don’t think it is. The macroeconomic situation for Bitcoin — and therefore the entire crypto market — is stronger than ever thanks to the increased demand from BTC ETFs and upcoming supply reduction from the halving.

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Everything Else

⛓️ Crypto & DeFi

Ethereum Dencun upgrade could mean near-zero fees for L2s
Binance will let users bet on which tokens get listed on futures market
Brave Wallet integrates Bitcoin support for its 60M users
Wormhole to airdrop 617M W tokens, 6% of supply, to past users
Uniswap Foundation token rewards prop passes temperature check
Avalanche releases Durango upgrade, unveils 'Teleporter'
Solana meme coin Dogwifhat reaches $2B market cap
Forbes announces 50 members in “Forbes Web3” cabal

🏦 Wallstreet & VC

Bitcoin ETFs are starting to compete with the S&P says Michael Saylor
MicroStrategy upsizes convertible debt from $600M to $700M
Pantera looks to purchase discounted Solana with new fund
Genesis and Gemini discussed a merger in 2022, says court filings
Zama raises $73M Series A for open-source cryptography tech
Firewall raises $3.7M pre-seed funding for security infra

🏛️ Legal & Regulatory

SEC Chair Gary Gensler deflects “Is ETH a security?” question
CTFC Chair Behnam tells lawmakers Congress needs to act on crypto
BlockFi reaches $875M settlement with FTX and Alameda Research
SEC Commissioners call out their ambiguity on ShapeShift settlement

🌎 Rest of the World

UK launches consultation on implementing crypto reporting framework
German Parliament discusses Bitcoin, led by YouTuber Roman Reher
Nigeria blocks access to Binance, Coinbase, Kraken
South Korea asks Interpol to assist with Do Kwon’s extradition
Spain bans Worldcoin for up to 3 months amid investigation
Central Bank of Nigeria partners with Gluwa on eNaira adoption
Hong Kong’s Central Bank announces new wholesale CBDC project

🖼️ NFTs & Metaverse

Shrapnel reduces April’s SHRAP token unlock by 75%
Coinbase is giving out free cards & currency for NFT game 'Parallel'
ApeCoin DAO uses $24M to bid BAYC, MAYC, and PunksJoin The Conversation!

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Specs Chat is more than just a group chat, it’s a community designed to help you become a better crypto investor and operator.

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