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By Nathan · June 6th, 2024

Happy Thursday! Today's newsletter is 813 words, a 6 minute & 40 seconds read.

1. Bitcoin is back at 70k+ 🚀

Bitcoins value hovered around $71,000 during Asian and European mornings, following its earlier rally this week. Meanwhile, the broader digital asset market, as indicated by the CoinDesk 20 Index, has also remained steady, rising approximately 0.25% at the time of writing.

Big news in crypto exchange land as trading platform Robinhood has agreed to acquire the crypto exchange, Bitstamp, in a $200 million all-cash deal. Founded in 2011, Bitstamp is one of Europe's largest crypto exchanges and will significantly contribute to Robinhood's global expansion plans.

Johann Kerbrat, the general manager of Robinhood, said, "The acquisition of Bitstamp is a major step in growing our crypto business."

2. Coinbase Smart Wallet 🧠

Coinbase's launch of its smart wallets, which eliminate the need for seed phrases, browser extensions, or app downloads, is aimed at bringing a billion users on-chain. Coinbase refers to it as crypto's 'iPhone Moment'.

When the iPhone was launched in the 2000s and 2010s, it took off. Suddenly, anyone could use apps without needing to buy a computer. Coinbase strongly believes this will bridge the gap from DeFi and on-chain finance being a niche tool only, to widespread mainstream adoption.

Smart wallets allow individuals without crypto wallets to quickly obtain one and start using an application. As part of the initiative to attract more on-chain users, Base is also providing gas credits to assist developers in sponsoring their application's user transactions.

We've seen a surge in projects on Base Chain in recent months. I anticipate this trend will persist and potentially reach the level of hype that the Binance Smart Chain experienced during the previous bull run.

This week, I added a new RWA project to my portfolio. Currently, it's only available for purchase on Base chain.

I will explore this project in depth, exclusively for premium members. By signing up now, you'll gain access to the “Gems for Friends'“ section where you will be able to see my report. Be the first to discover the latest crypto gems that I have also personally invested in!

3. One more thing… 🍏

In my newsletters, I will provide in-depth reviews of new and emerging projects, similar to Spectral and DeAi from my previous newsletters. However, these will no longer be visible to everyone as you can see below.

For a small fee you will get access to these reports within the newsletter called “Gems For Friends”, where I will share the latest crypto gems that I have discovered and invested in personally.

• By subscribing to this service, you will be among the privileged few who are informed ahead of the crowd, ensuring that you stay ahead of the game and have the first-hand knowledge of my own investments.

• You can get the report for FREE by upgrading your subscription. See the box below to be redirected to my upgrade page.

• 20% discount until June 17th!

Until next time! Take care.

Nathan ‘Cryptoreon’

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