NiftyNoon: Has Celebrity Memecoin Mania Gone Too Far?

Recent criticism has been levied against crypto native influencers for supporting the new wave of celebrity-driven memecoins that typically lose all market value very quickly (June 17, 2024)

Highlighted News:

• DancingEddie releases wildly discussed essay on the responsibility influencers have to their audiences in the wake of the celebrity memecoin meta:

  

  https://x.com/DancingEddie_/status/1801649803069100294

• Cobie and Ansem discuss Ansem’s role in helping minor celebrities launch memecoins that ultimately cause the community to lose money:

  

  https://x.com/blknoiz06/status/1801839001617502275?s=46

• Spot Ethereum ETF projected to launch by July 2nd, Bloomberg ETF analyst says:

  

  https://x.com/watcherguru/status/1801726892401430678?s=46

• @federalreserve issues an enforcement action against Evolve Bancorp, Inc. and Evolve Bank & Trust for deficiencies in the bank's anti-money laundering, risk management, and consumer compliance programs:

  

  https://x.com/federalreserve/status/1801631005809275260?s=46

Project and Community News:

• Evolve is in trouble. Many many fintechs affected as Evolve is a huge BaaS partner bank: https://x.com/nic__carter/status/1801669848130318582?s=46

• we are moving up our over/under date for the launch of spot Ether ETF to July 2nd: https://x.com/ericbalchunas/status/1801725292404261308?s=46

• Over 2 million Gold will be distributed 100% to D1 users next week: https://x.com/districtoneio/status/1801279680991068543?s=46

• Ethereum is at a crossroads: https://x.com/blockworksres/status/1801645819927662627?s=46

• Introducing the Polygon Governance Hub — a unified & transparent interface for community governance, developed with @AragonProject: https://x.com/0xpolygon/status/1801613959763534274?s=46

• ZKsync is now live on the Uniswap interface: https://x.com/uniswap/status/1801633199581192463?s=46

• Recapping ZKsync Governance: https://x.com/thezknation/status/1802459847373299953?s=46

• D Trump “I will end Joe Biden’s War on Crypto, and crypto and Bitcoin will be made here in the USA”: https://x.com/alexandergrieve/status/1801766142718959819?s=46

• Greg Solano shares thoughts on The Banana Bill, a 100M $APE proposal with 2 initiatives: https://x.com/cryptogarga/status/1801433869716959518?s=46

• OPAL announce Tokenomics breakdown: https://x.com/opalbtc/status/1801640988580155554?s=46

• @DuskFoundation announce 15M $DUSK Development Fund to support builders and enhance the Dusk ecosystem: https://x.com/duskfoundation/status/1790303537584328903?s=46

• The $YOLO Results Are Out: https://x.com/memeland/status/1801546811401978188?s=46

• A teaser of @OverworldPlay AAA title: https://x.com/overworldplay/status/1801623180370420186?s=46

• RTFKT x Nike Dunk OG & VOID Shipping Begins: https://x.com/rtfkt/status/1801647041988210739?s=46

• The latest @JupiterExchange vote is live: https://x.com/slorgoftheslugs/status/1802540892412346847?s=46

• Here's some BIG alpha for what @SeedifyFund has coming soon for @SeedworldMeta: https://x.com/ashrobinqt/status/1801781228980326535?s=46

• FAKE RARES just added as another qualifying collection for PepeFest: https://x.com/beeple/status/1801703043836068261?s=46

• Forbes researchers spent months trying to pin down exactly how much $BNB Changpeng Zhao actually owns: https://x.com/forbescrypto/status/1801616552938107009?s=46

Quick Stats:

• 👾 Blur ETH Daily Volume: 1,624 ETH (▲ 7.73%)

• 🌊 OpenSea ETH Daily Volume: 208 ETH (▼ 8.01%)

• 🟠 BTC : $65,553.61 (▼ 1.50%)

• 🔷 ETH: $3,520.25 (▼ 1.13%)

• 🟣 Solana: $143.24 (▼ 1.41%)

• 🟪 Polygon: $0.60 (▼ 2.85%)

Top NFT Sales:

• CryptoPunks #4560: 58.55 ETH

• CryptoPunks #5398: 54.00 ETH

• CryptoPunks #6193: 49.70 ETH

NFT Daily Winners:

• 🐵 NodeMonkes: 0.21 BTC (▲ 1.82%)

• 👩🏻 Milady Maker: 4.87 ETH (▲ 1.78%)

• ⛩ Azuki: 3.69 ETH (▲ 0.80%)

• 😡 Mad Lads: 63.20 SOL (► 0.00%)

• 🏳‍🌈 Chromie Squiggles: 3.65 ETH (► 0.00%)

NFT Daily Losers:

• 🚬 CryptoPunks: 27.41 ETH (▼ 0.04%)

• 🧦 Bitcoin Puppets: 0.13 BTC (▼ 0.31%)

• 🦧 Bored Ape Yacht Club: 10.45 ETH (▼ 0.38%)

• 🍭 Mocaverse: 4.06 ETH (▼ 0.68%)

• 💼 Ordinal Maxi Biz: 0.24 BTC (▼ 0.81%)

• 👾 Tensorians: 10.70 SOL (▼ 1.29%)

• 🐧 Pudgy Penguins: 10.20 ETH (▼ 2.48%)

• 🏴‍☠ Captainz: 3.11 ETH (▼ 2.93%)

• 🐱 Quantum Cats: 0.26 BTC (▼ 3.73%)

Notes:

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