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Decrypt 2024-06-14 18:05:06

FOMO HOUR 138 - MORE CELEB COINS!

Altcoins bleed out heavy, BTC dominance rises towards 60%. Miners continue to be large BTC sellers, whales accumulate. ETF inflows slow, hedge fund allocations point to basis trades. ETH ETFs approvals see little movement, coming 'in the summer’. Stocks continue to hit ATHs as CPI & PPI both come in soft. TON performs best in L1s, active wallets eclipse ETH. Andrew Tate joins celebrity memecoin meta, DADDY hits $350m. SOL DEX volumes eclipse ETH in memecoin frenzy. Curve founder defaults on CRV debt as DeFi coins tumble. Terraform Labs & Do Kwon to pay $4.5bn fine to SEC. BAMK hits $350m in Runes as it issues BTC stablecoin. Gaming tokens face huge sell-off, PRIME changes tokenomics.

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