GM Brew Crew, Happy 4th of July! Let us be your reminder: don’t blow up your grandparent’s house with the bottle-rocket your drunk uncle got from the road side bodega. We always got your back. Let’s dive in ⬇️

On the menu today:

• 💩 MEMECOINS TURN PENNIES INTO RICHES

• 🤝 BLACKROCK NAMES COINBASE AS PARTNER

• 🙈 BORED APE YACHT CLUB DOWN BAD

Today’s Charts:

💩 MEMECOINS TURN PENNIES INTO RICHES

Newly introduced tokens like Pepe 2.0, Floki 2.0, and Bobo 2.0 have skyrocketed in trading volumes, attracting substantial liquidity and turning small investments into six-figure fortunes almost overnight.

These “2.0” tokens are feeding off the prior popularity of the Original Pepe, Floki, and Bobo tokens.

In under 24 hours, a single wallet transformed a $900 investment in Pepe 2.0 into an astounding $176,000. Detailed analysis reveals that the wallet capitalized on the token's rise by selling 2 ETH chunks at a time.

Before you get too fired up on America’s Day and consider wagering the house on some USA memecoin ($PATRIOT has a nice ring to it) please note most of these hype cycles only last a few weeks and then wither to zero….

…Siri play ‘Say it Aint So’ by Weezer.

🤝 BLACKROCK NAMES COINBASE AS PARTNER

BlackRock, the asset manager, has re-filed for a spot Bitcoin exchange-traded fund (ETF) and has entered into a "surveillance-sharing agreement" w/ Coinbase + Nasdaq.

Blackrock who was recently told their application was ‘inadequate’ by the SEC has since re-filed with more information regarding surveillance arrangements and after speculation: Coinbase is included.

The surveillance arrangements will aim to provide transparency with BTC trades for the spot ETF.

Coinbase stock ($COIN) is up 112% in the last 6 months as they are considered one of the most buttoned up exchanges (*Gensler shakes head*) within the industry. 💪

🙈 BORED APE YACHT CLUB DOWN BAD

The floor price of the Bored Ape Yacht Club (BAYC) NFT collection dropped below 30 ETH, marking a 20-month low since October 2021. 

BAYC’s floor price hit a low of 27.4 ETH ($53,000) before slightly recovering, compared to its peak of 153.7 ETH ($430,000) in April 2022. Ya… that hurts to write folks 🤯.

BAYC's floor price decline began in April, reaching a five-month low of 55.6 ETH ($110,000), partially influenced by the sale of 27 Apes by pseudonymous NFT collector Franklin.

The decline in BAYC's NFT prices reflects a broader cooldown in the NFT market and the impact of the crypto winter on Ethereum's price, which powers many NFT collections.

It will be very interesting to see how BAYC responds in the next bull market. Could this dip provide traders an opportunity of a lifetime???

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.