🚀 SKATE AIRDROP FOR BINANCE ALPHA TRADERS
Binance airdropped 800 $SKATE (~$53) to eligible users who have equal or more than 236 Alpha Points. The airdrop can be claimed until Jun 9 at 10:00 UTC, after which it will no longer be available.
About @skate_chain:
#Skate is an infrastructure layer that connects all major VMs, making cross-chain interactions seamless. Previously Skate raised $3.75M in a Seed funding round led by @HashKey_Capital and @NomadCapital_io, with participation from @mirana, @capital_spark, @symbolicvc, Asymm Ventures and @comma3vc.
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Are Memecoins the Next Big ETF Play?
Bloomberg’s top ETF analyst Eric Balchunas just dropped a spicy take:
A U.S.-listed Memecoin ETF could launch by 2026.
Yes, an entire ETF of dog coins, Pepe's, American Presidents and degen dreams!
Why?
👉 Active crypto ETFs are expected to kick off in late 2025
👉 Memecoins could be next, with DOGE possibly setting the precedent
👉 SEC under new leadership = more open to digital assets
Quote of the day:
"Really good chance this exists at some point." — @EricBalchunas 🐕🦺
But it won’t be simple, regulatory hurdles still exist. The SEC just punted decisions on XRP, ETH, and BTC ETFs to October 2025.
Still, vibes are bullish: If DOGE gets through, other memecoins could follow. Balchunas suggests the first Memecoin ETF may use creative structures to stay within current rules.
TL;DR:
Memecoins might soon have their own ETF. On Wall Street.
📅 Potential timeline:
▪️Late 2025: Active crypto ETFs arrive
▪️2026: First Memecoin ETF could hit the market
Imagine explaining this to TradFi 3 years ago. 😂
👀 What to Watch This Week:
▪️Will the ETF buzz spark fresh memecoin rotations?
▪️Any surprise SEC signals on pending crypto ETFs?
▪️New Venture Studio projects incoming (keep an eye out👾)
▪️BTC + ETH price action as we head into June
Turnkey raises $30M in a Series B funding round
#Turnkey secures $30M in a Series B funding round led by Bain Capital Crypto, with participation from Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant.
Turnkey is a platform that provides tools to generate, store, and use cryptographic keys. It allows developers to create wallets, sign blockchain transactions, and automate on-chain processes.
👉 coindesk.com/business/2025/06/09/coinbase-alum-founded-turnkey-raises-30m-series-b-to-grow-engineering-team-report
- worked / traded crypto for years
- see the rise of stablecoins through 2022 - 2025
- spend 99% of your time apeing valueless tokens
- but know, in your heart of hearts stablecoins are the best use case
- second largest stablecoin IPOs, you KNOW that it's 25x oversubbed
- largest stablecoin also likely won't IPO = de-facto leader
- no other traditional comps ; evergreen narrative ;
- also clear year where crypto started gaining immense traction on the traditional side - crypto superpac, trump regulation, no more gensler, btc companies, this is quite literally THE YEAR crypto started gaining immense momentum
- knows tradfi is HUNGRY for crypto and not tokens - BTC PA confirms this vs alts; BTC listcos also confirm this ; all trading at premium to NAV
- all existing crypto stocks also don't rightfully capture DeFi TAM - btc miners / exchanges / btc-cos all not the same business
*surprised pikachu face when it 3x IPOs*
i think what i didn't understand was like, how every crypto guy had a take that circle was making too little money
and then proceeded to ape every vaporware of ai cycle, and the de-facto launchpad is now ico'ing for the same amount circle's IPO raised at
IMO even if you don't understand the business, you kinda have to just buy some to support these guys right? them doing well quite literally validates the DeFi dream