Episode 488
📍 Nic Carter, a partner at Castle Island Ventures, claims the memecoin craze is "unquestionably over" as the market shifts towards quality token launches and potential regulatory crackdowns.
📍 Insiders have dominated the memecoin market, making it unfair to traders, with recent scandals like LIBRA coin eroding confidence in the sector and exposing the "fair launch" premise as a lie.
📍 Brazil's securities regulator has approved the world's first spot XRP exchange-traded fund (ETF), which is set to debut soon, while the US Securities and Exchange Commission has received numerous spot XRP ETF applications from major asset managers.
📍 Nigeria is suing cryptocurrency exchange Binance for $81.5 billion, alleging the firm's operations have hobbled its struggling economy and tanked its official currency, the naira, with the lawsuit being the latest in a series of legal tussles between Nigerian authorities and Binance.
📍 A $100 million Trump meme coin whale allegedly got the inside scoop on the coin's launch, with some speculating that Meteora unintentionally leaked information about the coin, allowing some traders to exploit the situation.
