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US Senate Launches Fierce Attack on Gary Gensler
Senate repeals SAB 121, stocks set new records, and pump.fun gets exploited.
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Top Stories
BTC $66,367(+0.3%) | ETH $3,030 (+1.1%) | SOL $168 (+2.8%)
The US Senate passes resolution to repeal SAB 121, an SEC bulletin that requires custodians to report liability and corresponding assets for all crypto on their balance sheet
Following the vote, Wyoming Senator Cynthia Lummis posts picture of herself with laser eyes and the quote "We are so ₿ack" featuring the Bitcoin symbol
Dow Jones crosses 40k as it closes at a record high along with the Nasdaq and S&P 500
Pump.fun releases post mortem of yesterday's $1.9M theft by an ex-employee and states they will make users whole in addition to turning off fees for the next week.
Pudgy Penguins partners with Lotte Group, a South Korean retail and entertainment corporation
Coinbase announces that $JUP and $TNSR futures are now trading on Coinbase Advanced
Bitcoin ETFs see fourth consecutive day of inflows as yesterday’s volume was the highest since March 24
Backpack Exchange launches Mad Lads VIP program offering reduced fees for holders
GameStop files to sell up to 45M shares as stock price dips 22% pre-market
Top Movers
NFTs |
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Wolf Game (ETH) +90% 0.25 |
Runestone (BTC) -10% 0.009 BTC |
Blastopians (BLAST) -15% 0.16 ETH |
y00ts (SOL) -16% 7.5 SOL |
Golfn Cards (SOL) -32% 0.5 SOL |
Tokens |
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BAMK•OF•NAKAMOTO•DOLLAR +88% ($39M MC) |
$MANEKI +33% ($85M MC) |
$LINK +19% ($1.2B MC) |
Upcoming Mints
Next Week:
5/20 HiKESHi Spirit (BTC)
5/20 Scrips (BTC)
5/21 Summoning (?)
5/23 "Climbing Through my Brain" Brain Drops (ETH)
Ray’s Trades
In this section of the Newsletter we break down the trades made by BoDoggos own Research Analyst, Ray. None of these plays are financial advice and the crypto market is incredibly risky.
Trade | Thesis |
---|---|
Purchase Entry: 0.0004 ETH | Another bet on the Blast Gold jackpot. This game was a Big Bang runner up and has received multiple gold distributions making it likely to be in the pool of potential winners. Treating these as fairly low cost raffle tickets with no resell value. |