Patience — The Crypto Bull Run Is Only Just Getting Warmed Up

The Ethereum ETF will disappoint, memecoins aren’t going anywhere, celebrity coins, dimethyltryptamine, NGMI Capital updates and more

Bonjour degenerates,

Firstly, I wanted to apologise for the significant delay in releasing the newsletter.

I’ve been having a legitimately awful time relaxing on various beaches throughout the Greek islands and soaking up the European summer in Paris. Please accept this much longer edition of the newsletter as restitution for my extended leave of absence.

ETH’s back on the menu boys

The original version of this newsletter was titled “Ethereum ETF rejection = bullish” — which, in hindsight, was nothing more than an ode to cope where I went to great lengths to justify why a rejection would actually be bullish for ETH over a longer time horizon.

Thankfully, a last-minute change in thinking from everyone’s favourite financial regulator saw the 19-b4 forms for eight Ethereum ETFs being approved in the final innings of the approval process, meaning that we’re really getting an Ethereum ETF.