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June 14, 2024

"In the startup world, you're either a genius or an idiot. You're never just an ordinary guy trying to get through the day."

- Marc Andreessen

Howdy, investors!

The Ethereum ETF is coming: Learn why ETH could be the best long-term investment opportunity in crypto.

Gary Gensler stated that ETH ETFs could go live this summer, though he still hasn't clarified whether the SEC views ETH as a security or a commodity.

AI x Crypto tokens are off their highs, but the space remains vibrant, and developments from Nvidia or OpenAi could spark a new bull run at any time.

Fortune 500 companies are increasingly investing in blockchain, but regulatory questions are keeping the U.S. from becoming a global leader.

Read on!

The Ethereum ETF is Coming

by John Hargrave

In my ten years of investing in crypto, we have one of the most interesting opportunities I’ve seen: this

is a unique historical moment for buying and holding Ethereum (ETH).

The reason is that Ethereum ETFs have been approved but are not yet available to the public.

This week, SEC Chair Gary Gensler acknowledged in a formal Senate hearing that Ethereum ETFs have been approved and are just waiting for the final paperwork. This means they should be available sometime this summer.

This is like a hotly-anticipated IPO, where excitement is building because everybody knows it’s coming.

But here’s the difference: anyone can easily buy and sell Ethereum right now before ETH ETFs are open to the masses.

This is 100% legal and ethical. It’s another unusual investment opportunity found only in crypto.

Today, I’ll unpack this opportunity and show you how to use it (TLDR: the strategy is to buy and hold ETH now).

Get the rundown on the ETH investing opportunity >>

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New Investor Scorecard: Fantom (FTM)

Fantom is a Layer-1 smart contract platform designed for fast and cheap transactions. Like much of the crypto market, Fantom and its native governance token (FTM) have been under pressure since mid-March, taking it more than 40% below its March high.

However, the token still has a 150% gain over the past year.

With that kind of price rollercoaster, a simple question remains: Is FTM a good investment?

Premium members can download our new Fantom Investor Scorecard here to learn what our analysts say about FTM, its fundamentals, and investing in the token.

Not yet a Premium member? Sign up now to access our tools and tips for becoming a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Ethereum ETFs by the Summer, According to SECs Gensler(Decrypt)

SEC Chairman Gary Gensler announced that several spot Ethereum ETF applications are likely to be approved this summer, enabling the products to launch in the U.S. soon. Gensler highlighted that Ethereum futures ETFs have existed since last summer, and expects the new products to attract up to $4 billion in their first five months. As we wrote in today's column, it's a good time to be an ETH investor.

Top Catalysts for the Top AI Tokens (Bankless)

AI tokens have been a major focus in the crypto market but have recently seen a decline, with many down 25-50% from their highs. Despite this, the AI x Crypto space remains vibrant, and major AI developments from companies like OpenAI and Nvidia could lift the sector. We believe that the intersection of AI and crypto holds significant potential, and its future growth will be interesting to watch.

The State of Crypto: The Fortune 500 Moving Onchain (Coinbase)

As more enterprise companies are embracing blockchain, Coinbase argues it increases the urgency for clear regulation to help keep crypto developers in the United States, and make the US a global leader. Regardless, it's a good time to be investing in blockchain.

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Chart of the Day

Daily Active Users on Ronin

Blockchain gaming has been recovering some of the enthusiasm seen for the sector back in 2021, and one of the primary beneficiaries has been Ronin. This EVM-compatible blockchain was created specifically for gaming.

After seeing its Daily Active Users crash to 20,000 from late 2022 through late 2023, Ronin has increased to 1.5 million DAU as of this writing. Of course, that has also increased fees and revenues for the chain, leading to a 200% increase in the price of the native RON token over the past year.

With the global gaming market comprised of hundreds of millions of users that generated roughly $347 billion in revenue in 2022, it's fair to say that there is plenty of upside potential for Ronin.

Ronin is also at the forefront of blockchain gaming. Its parent company, Sky Mavis, launched the sector with Axie Infinity, and while that title has waned in popularity, it has been followed by another hit blockchain game: Pixels.

As Ronin continues to dominate, it could become the top blockchain in a multi-billion dollar blockchain gaming industry.

ICYMI