Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Donald Trump Commits to Bitcoin Mining: Donald Trump has pledged support for Bitcoin mining in the U.S. after meeting with top industry figures, including leaders from CleanSpark, Riot Platforms, and Marathon Digital.

2. PleasrDAO Files Lawsuit Against Martin Shkreli: PleasrDAO has sued Martin Shkreli for livestreaming the unique Wu-Tang Clan album "Once Upon a Time in Shaolin," which PleasrDAO acquired in 2021 for $4.75 million.

3. ZkSync 21 Billion ZK Tokens Airdrop: Matter Labs announced a major token airdrop for zkSync Era and ZK Stack, distributing two-thirds of 21 billion ZK tokens to the community. The airdrop, involving 695,232 wallets, addresses a common industry criticism by immediately unlocking and making tokens transferable.

4. 📈Technical Analysis Masterclass - Are you looking to trade or invest into memecoins now? Look no further! Our in-house technical analysis expert, Ray, checks out the latest trend “Brett Coin.” Watch UseTheBitcoin’s latest Youtube video “The New King of Meme Coins: Brett Coin” to know all about it or join our Official Discord Channel for more alpha!

5. AI Alliance Merger Delayed: The Artificial Superintelligence Alliance delayed its token merger from June 13 to July 15, involving FET, AGIX, and OCEAN forming a new ASI token. The delay is due to technical and regulatory challenges.

6. 💡Feature of the Day - Ripple Labs Standard Custody Deal: Ripple Labs completed its acquisition of Standard Custody, enhancing its strategic expansion and plans to launch a U.S. dollar stablecoin. Standard Custody's regulatory approval from the NYDFS was crucial to the deal.

   
   All this and more in today’s headlines!

📰 News Highlights:

Donald Trump Commits to Bitcoin Mining [Source][Source][Source]

Donald Trump met with the largest Bitcoin miners in the U.S., pledging support for the industry both in Washington D.C. and on the global stage. The meeting, attended by Bitcoin Magazine's CEO David Bailey and representatives from leading Bitcoin mining firms such as CleanSpark, Riot Platforms, and Marathon Digital, saw Trump committing to ensure that Bitcoin mining thrives in the United States.

Key industry figures like S Matthew Schultz, Jason Les, Brian Morgenstern, Salman Khan, and Amanda Fabiano were also present. Trump emphasized his desire for all "remaining Bitcoin to be made in the USA," suggesting it would help the country achieve energy dominance.

This supportive stance contrasts sharply with current President Joe Biden's administration, which has been less welcoming towards cryptocurrencies, showing a preference for a Central Bank Digital Currency (CBDC).

Trump has also expressed support for the right of Americans to self-custody their crypto assets, a significant position given the nation's 50 million crypto holders.

PleasrDAO Files Lawsuit Against Martin Shkreli [Source][Source][Source]

PleasrDAO, a decentralized autonomous organization known for its digital and physical art collections, has filed a lawsuit against Martin Shkreli. The lawsuit responds to Shkreli's recent livestream of the unique Wu-Tang Clan album "Once Upon a Time in Shaolin," owned by PleasrDAO.

The DAO acquired the album in 2021 for approximately $4.75 million, intending to preserve its exclusivity. PleasrDAO's complaint alleges Shkreli retained copies of the album’s data and files at the time of its forfeiture, causing “significant monetary and irreparable harm” by potentially releasing them to the public.

Shkreli has denounced the lawsuit, claiming that PleasrDAO members were not given the opportunity to vote on it. PleasrDAO argues that Shkreli's actions undermine the album's unique value, a central element of its acquisition, which was meant to counter the digitization and commercialization of music.

The album was previously a prized possession of Shkreli, who bought it for $2 million before being forced to surrender it following his conviction for securities fraud.

ZkSync 21 Billion ZK Tokens Airdrop [Source][Source][Source]

Matter Labs, the developers behind Ethereum layer-2 solutions zkSync Era and the ZK Stack, announced plans for a significant token airdrop. The ZK token distribution, described as “the largest distribution of tokens to users amongst major L2s,” will allocate two-thirds of its 21 billion total ZK tokens to the community.

This includes a 17.5% allocation for an airdrop, involving 695,232 wallets. All airdropped tokens will be immediately unlocked and transferable, addressing a common criticism in the industry regarding token vesting periods.

The remaining tokens will be managed by the ZKsync Foundation through an on-chain governance process called ZK Nation. One-third of the total tokens will go to investors and the Matter Labs team, with a four-year vesting period and a one-year cliff.

Matter Labs also highlighted that the airdrop aims to reward active, risk-taking, and preferably human participants, using a combination of activity markers and multipliers to determine eligibility.

📈Technical Analysis Masterclass:

The New King of Meme Coins: Brett Coin

In the volatile world of cryptocurrency, a new star has risen—Brett Coin. This meme coin has captured market attention with a remarkable 300% surge and a market cap of approximately $2 billion, earning it the top spot among the 100 highest gainers in the market.

A New Era for Meme Coins

• Decline of Dogecoin: Dogecoin, once the leading meme coin, has faded due to a lack of recent developments.

• Rise of Brett Coin: Brett Coin's explosive rise indicates a potential shift in the meme coin landscape.

Technical Analysis

• Parabolic Movement: Brett Coin's price shows strong upward momentum, with analysts predicting a possible continuation of its bullish trend.

• Cup and Handle Pattern: The potential formation of a handle pattern suggests continued gains, providing buying opportunities for traders.

Strategic Buying Opportunities

• Current Affordability: Brett Coin can be purchased with a relatively small amount of money.

• Potential Pullback: Watch for a dip to the $0.14 to $0.11 range, identified using Fibonacci retracement levels, to maximize returns if the upward trend continues.

Brett Coin represents the next big wave in the meme coin sector, outpacing previous giants like Dogecoin. Watch UseTheBitcoin’s latest Youtube video “The New King of Meme Coins: Brett Coin” to know what Brett Coin is all about and know what’s your next move is!

AI Alliance Merger Delayed [Source][Source]

The Artificial Superintelligence Alliance has delayed its planned token merger, originally set for June 13, to July 15. The merger involves AI-themed coins FET, AGIX, and OCEAN forming a new ASI token.

The consortium, which includes SingularityNET, Fetch AI, and Ocean Protocol, cited technical constraints and regulatory challenges as reasons for the postponement.

Fetch AI CEO Humayun Sheikh emphasized the need for precise processes to protect tokenholders' interests. SingularityNET founder Ben Goertzel expressed optimism about the merger's future impact on advancing AI capabilities.

Despite the delay and current market conditions, the merger is anticipated to create a combined market capitalization of $5.5 billion.

💡 Feature of the Day: 

Ripple Labs Standard Custody Deal [Source][Source][Source]

Ripple Labs has completed its acquisition of Standard Custody, a digital asset custodian, marking a significant step in its strategic expansion. The deal, which was announced earlier this year, is integral to Ripple’s plans to launch a U.S. dollar stablecoin and further its goals in real-world asset tokenization.

Jack McDonald, CEO of Standard Custody, will also take on the role of senior vice president of stablecoins at Ripple while retaining his current position.

Standard Custody's regulatory approval from the New York Department of Financial Services (NYDFS) played a crucial role in the acquisition. This move follows Ripple's 2023 purchase of Metaco for $250 million, underscoring Ripple’s belief in the growing importance of institutional crypto custody services.

Ripple anticipates that the crypto custody industry will reach $10 trillion by 2030, driven by banks' increasing interest in offering digital asset services.

😂 Crypto Meme of the Day: 

And that’s it for this today.

With all of the recent hacks taking place, remember to protect your crypto assets with today’s sponsor Trezor hardware wallets.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com