• Huge Moves yesterday. News coming out that there is now 75% chance of an ETH ETF approval which sent the market Ballistic, especially ETH which printed a GOD candle and is currently trading around $3800. Wild.

  • On top of ETH, BTC decided to rip through $70K and the majority of on-chain ETH alts pushed up between 20-50% which have been bleeding out for weeks.

  • This is incredibly bullish news for the market and should the the approval go ahead, full government acceptance of crypto could be a very real reality.




  • The ETH ETF


  • Over $1m in Longs Liquidated on WIF

  • Genesis Refund

  • Venture Capital Funding Boom


  • Sunday Funday


  • Jarett Dunn

Ethereum's value surged nearly 18% due to rumours that the SEC might approve spot ether ETFs. The price peaked at $3,691 amid social media and forum speculation, supported by a Coindesk report and analysts raising approval odds from 25% to 75%. The price rose significantly in just a few hours on May 20.

  • Ethereum Value Increase: Ethereum (ETH) rose nearly 18% against the USD.

  • Reason for Increase: Speculation about SEC potentially approving spot ether ETFs.

  • Price Peak: Reached an intraday high of $3,691.

  • Sources of Rumor: Social media, forums, and a Coindesk report citing three sources.

  • SEC Involvement: Allegedly instructed exchanges to update 19b-4 filings quickly.

  • Analyst Predictions: Bloomberg analysts raised approval odds from 25% to 75%.

  • Price Movement Timeline: Climbed from $3,140 at 3 p.m. EDT on May 20 to $3,691 by 6:30 p.m. EDT.

PNG. Line Break - Triple Scoop
  • Crypto Total Market Cap $2.56T - 24/hour change 3.6%

  • Crypto Market Cap Total Volume $78B - 24/hour Change -15%

    Majors - 24/Hour change

    • BTC - $67,300 - 2.19%

    • ETH - $3101- 5.06%

    • SOL - $170- 5.8%

      • Huge Moves yesterday. News coming out that there is now 75% chance of an ETH ETF approval which sent the market Ballistic, especially ETH which printed a GOD candle and is currently trading around $3800. Wild.

      • On top of ETH, BTC decided to rip through $70K and the majority of on-chain ETH alts pushed up between 20-50% which have been bleeding out for weeks.

      • This is incredibly bullish news for the market and should the the approval go ahead, full government acceptance of crypto could be a very real reality.

      • SEC Decision Expected: This week for Ethereum (ETH) Spot ETFs.

      • Final Deadlines: VanEck on May 23rd and Ark 21Shares on May 24th.

      • Possible Outcomes: Series of approvals or rejections.

      • Consistent Criteria: SEC is likely to use the same criteria for all seven ETH Spot ETF applications.

      • The market consensus is, that the approval will go through. Is it all going to happen that easily?

      • The SEC has already approved the BTC ETF, so naturally, the workload, discussions and friction will be less with ETH, despite being quite different assets.

      • With the recent news, Attention will be on ETH at least for the shorter term. Solana memes will likely trade in a range and consolidation with some taking a slight hit.

      • Our Bull thesis on memes remains, and whilst ‘Utility’ based alts are up on ETH, its facts remain the memes overall pumped the most.

      • It is going to be an interesting week for sure. But if we Zoom out the landscape looks incredibly bullish across the board for the next 9-12 months.

      • Remember, it is easy to feel FOMO in moments like this, with urges to chase the green pumps and make rotations to your portfolio. But in most cases, it is to buy the rumour, and sell the news. We wouldn’t be surprised to see a sell off following the news being confirmed.


  • - AI Infrastructure / Autonomous agents

  • - GPU / Cloud Computing

  • - Gaming / Game-fi

  • - DEPIN (Decentralised Infrastructure)

  • - RWA - Real-World Asset tokens

  • - Memes - (you’re not too good for them)

  • - BTC Defi / BRC20

  • - New Layer 1’s

  • - Parallelization EVM / Modular Blockchains

  • - Solana Killers

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The Spotlight is on ETH right now, following the 75% chance that it will be approved.

All eyes are tightly glued on ETH & the SEC over the next few days as the market eagerly awaits its approval. The news came seemingly out of nowhere delivered from a tweet led by Eric Balchunas, who is a senior ETF analyst for Bloomberg.

We saw what happened with Bitcoin in the lead-up to an ETF approval decision, it rallied but then sold off on the news. When the actual BTC ETFs went live, we saw & continue to see huge inflows of capital.

Unless you were holding ETH it was hard to catch this move given how violently and quickly it happened.

One of the biggest winners of the ETH ETF approval chances increasing is $PEPE, having busted past $5B today and reaching an ATH, which if you noticed, we shared as our pick of the week a few issues ago.

It is certainly going to be an interesting few weeks ahead, but a sell-off following the approval may very well take place.


In each issue, our Founder ‘Jack Barbell’ delivers a hot rising star crypto asset that is yet to explode.

You can Follow Jack Barbell on X - @thebarbell_

The attention is on ETH right now, meaning that the number of coins we like on the chain is now up region of 30-60% today, given this fast price action it is very tough to recommend buying them today.

However, following a retrace, I believe the following coins will do well on the Eth chain, and are pretty comfy holds.

As mentioned above, I wouldn’t be buying them today, but take note of the coins that have done well following the ETH ETF discussions, this is giving a clear indication of what coins will run the hardest on the ETH chain. Make a note of these and wait for entries.

$PEPE - As Previously Mentioned - Easy 5-10X

$MOG (Strong Cult) - 3-5X

$NPC (At all-time high, but lower MCAP) - Influencers are bullish & Previously featured in Scoop at $3M mcap - 3-5X from here.

$Normie (On Base) - Strong community + meme

MCAP - $420M

Longer term Potential - 5X

Short-term option - Popcat is currently on about a 40% retrace from its ATH and a TA perspective it is a perfect accumulation zone and gearing up for its next leg up.

Barbell’s Take

As it isn’t quite up only season, it is important to acquire assets that are on a retrace, rather than aping tops that don’t stop going up. $POPCAT has certainly cooled off, but the community has remained strong, with holder count having grown week on week. The current price of around 0.41c offers a good zone to make an entry. Whilst it may fluctuate in price, the long-term trajectory for Popcat is likely much higher. As we mentioned the attention is on ETH & tokens on the ETH chain, but the best entries is when the market is looking the other way. Attention will return to SOL in due course.

On another note, it looks like $POPCAT is a front-runner to be listed on Kraken.

Over $1m In Longs Liqudated on WIF - Hat Remains On

At a glance 🔎
  • WIF dropped to $2.45 over the weekend and over $1m in long bets were liquidated.

  • There has been a small rally to start the week, 8.6% in the last 24 hours (at the time of writing) equating to an updated price of $2.64.

  • A mega whale is currently hoovering up as much WIF as it can. A new wallet was created which withdrew $1.83m $USDC from coinbase to buy WIF. They currently own over 372,000 WIF with $800k left to apportion.

🕵️ Scoops take: 

The hat stays on and we will tell you why…spoiler: It isn’t just about the whale going all in.

A massive bullish indicator is that WIF is operating at a similar volume level to DOGE.

The difference is that DOGE is over 10x the marketcap of WIF and has had ATHs of 35x more than WIF.

WIF is acting and trading like a top-tier coin and it is only a matter of time before they reflect their true value.

Genesis Refund - The Court Lays It Out

At a glance 🔎
  • Crypto lender, Genesis, has had Court approval to repay creditors $3bn in Crypto and Cash.

  • Withdrawals on the platform have been halted since November 2022.

  • The company envisage being able to fulfil claims for a minimum of 77% of customers.

  • Equity owner, DCG is arguing for lower January 2023 Crypto Prices to be used.

  • Current Claims stand at $32bn

🕵️ Scoops take: 

There will never be enough to pay all creditors but it is positive to see the Judge rule that Customers come first in terms of creditors…it’s like actual retail.

Whenever it comes to these lenders/exchanges going bankrupt anything received back is a bonus, just apply the 1% of something is better than 100% of nothing.

With FTX going down the pan, trust in lenders/exchanges is the real enemy.

PNG. Line Break - Triple Scoop

Venture Capital Funding Boom - What A Time To Be Alive

At a glance 🔎

  • Venture Capital Funding rose to $2.4bn in the 1st Q of 2024.

  • This is the second quarter in a row which showed a rise for Crypto startup funding.

  • Funding was spread over 518 deals with the largest being $106m by the Decentralized cloud platform, Together AI.

  • Experts predict mergers will pick up later in the year, especially amongst exchanges, custodians and infrastructure providers

🕵️Scoop’s take:

518 deals made in the 1st Quarter and that’s 518 different ideas that could benefit any investor.

As the space grows and retail is onboarded this place will soon be the new normal so long may the new ideas continue.

Still a bit to go to reach the 1st Q of 2022 which saw $10bn invested but given the bear that followed the great big ideas didn’t turn out to be so big and great.


Sunday Funday

Investor SundayFunday.sol by name and nature.

He turned 13 SOL ($2275) to $2.26m in just 8 hours by purchasing 1DOL.

The gain stands at 993x.

Whether there is just insane risk or some insider trading going on, nothing has been established other than the gain.


Jarett Dunn

If you read last week’s newsletter you will know about the Pump Fun exploit.

Well, there has been a major development.

British police have arrested Jarett Dunn, a former contractor for Pump Fun, who is behind the X account STACCoverflow.

He allegedly exploited admin keys to the protocol and siphoned $2m in funds.

He is expected to appear in Court this August and have to remain in the UK.

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