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The hastening of Ether’s approval for regulated spot ETF trading continues to draw a flood of gains for Ethereum Layer-2 token among retail trader on Internet cryptocurrency exchanges.
Ethereum Name Service tokens (ENS) joined other Ethereum currencies to top the leaderboard for gains on the 7-day window. Ranking #1 for the week among all cryptocurrencies tracked by CoinMarketCap, Ethereum Name Services had gained 78% in the previous 168 hours. 
That enormous gain (compare to the S&P 500– which gained negative 0.01% over that time window) was followed up by popular froggy Ethereum meme coin Pepe (PEPE) with 76% gains for the window, and Lido DAO (LDO) with 49% gains for the week, then ERC-20s Uniswap (UNI) and Pendle (PENDLE).
‘The Doge Days Are Over’
The meme coin profits are coming in hot this year– especially with a 2023 Ethereum project that sailed all the way up to the top 20 cryptocurrencies in the world in almost no time at all while declaring the doge days are over. Could that be an early sign that the cats are about to take over the ecosystem and make another class-leading bid for the top of the charts?
The outstanding success of PopCat in quarter one of 2024 and the sudden appearance of an Ethereum country feline with nearly $350,000 added to his pool in a matter of days in quarter two could portend a cat season in meme altcoins is right around the corner. If so, those tokens going for a presale price of $0.0042256 could appreciate in value on the open market.
A big launch for Kai Cat Coin (KAI) sometime late this year or in 2025– if it in any way, shape, or form follows the progression of new currencies like PopCat or Pepe Coin— could help cryptocurrency investors come up with revenues to accumulate Bitcoin faster– before the banks and governments take Bitcoin’s price out past Earth orbit. 
The incredibly compelling investor narratives for Ethereum for the remainder of this blockchain industry cycle make that an exciting prospect. The Dencun upgrade and the imminent welcoming of the Ethereum product into the regulated halls of Wall Street funds are drawing serious interest in sizable long-term Ethereum investments from all over the world.
Ethereum’s Regulated Market Premiere

Matthew Sigel, head of digital assets research at VanEck, wrote, “We applaud this decision, as we believe the evidence clearly shows that ETH is a decentralized commodity, not a security. We expect the improved political backdrop will lead to further victories for digital asset investors and developers.”
Rob Marrocco, global head of ETP listings at Cboe Global Markets said, “The introduction of spot bitcoin ETFs has already demonstrated significant benefits for the digital assets and ETF space, and we believe that spot ether ETFs will similarly provide safeguards for U.S. investors.”
As Ethereum’s capital inflows continue to amass, returns on investment comparable to the base Ether token’s early days have only been obtainable with new projects that find success.
Utility and meme liquidity tokens provide investors with those kinds of opportunities and a strategy to trade a bullish Ethereum forecast with leverage for great gains during rallies, but without taking some of the risks that go with call options or other ETH derivatives products.
Visit Kai Cat Coin’s Presale Here
Stay Connected With KAI On Socials: X | Telegram
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It’s still a terrible year for employment in the video games development industry.
Monday, Sweden-based Avalanche Studios Group, makers of the just-optioned-to-Hollywood Just Cause action franchise, said it was cutting 9 percent of its workforce.
That may not sound like a lot but Avalanche now has three locations, Stockholm, Liverpool, and Malmo, Sweden. Studios in New York and Montreal have been shut down entirely. The Montreal operation had only been open for eight months. GameSpot pointed out that Avalanche’s Swedish operations recently unionized.
“Our focus is now on supporting all Avalanchers through this challenging time,” the studios’ leadership said in a statement. “We’re grateful for the invaluable contributions of those leaving and remain committed to creating incredible gaming experiences for our players.”
The next commitment they must honor is a game called Contraband which, similar to Just Cause, is an action-adventure set in an anything-goes tropical banana republic. The game does not yet have a release date but it is committed to a day-and-date launch on Xbox Game Pass.
Video game makers keep laying off developers each quarter
Video games development has been put through a grinder of late. At the beginning of May, Xbox closed the development studios behind Redfall (Arkane Austin) and Ghostwire: Tokyo (Tango Gameworks), both of which were tasked to deliver first-party content to Xbox Game Pass and drive subscriptions and engagement there.
Earlier in the year, Microsoft eliminated 1,900 development jobs in its Xbox division and from the freshly acquired Activision Blizzard, despite surpassing Apple as the world’s richest company, valued at more than $3 trillion.
Elsewhere, Relic Entertainment, maker of Company of Heroes, announced layoffs, and Take-Two Interactive, makers of the money-printing Grand Theft Auto and NBA 2K franchises, said it would fire another 5 percent of its workforce to save investors $165 million.
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Remember the “I’m a Mac” guy? The thumbs-in-jeans-pockets cool dude who pointed out how Macs and MacOS was easier to use by everyday people than the stuffy and overcomplicated Windows? Was that really 20 years ago?

Yes, it was, and as actor Justin Long says now, “Things change.” After 20 years, one would expect they would. At the end of Qualcomm’s Computex keynote presentation on June 3, Long appeared in an ironic advertisement where he is assailed by numerous reminders, notifications, and other bothersome messages from Apple’s notorious, nanny-like operating system. Mr. I’m-a-Mac instead pushes away all of the nagging and keys in a search for a Qualcomm Snapdragon-powered PC instead.

“What? Things change,” Long says. Indeed they do.
More than 20 years ago, Long appeared opposite actor John Hodgman (“I’m a PC”) to promote MacOS’s user-friendliness and simplicity of use. And indeed that was the case at the time, but a lot does change after more than two decades.
Though the pop-ups Long is blowing off speak to MacOS’ capabilities handling disk space, battery power, and other core functions of a CPU, the fact they’re all presented as yet another notification nag, which Mac users have to turn off, opt out, or spend a great deal of time managing regardless of CPU performance, is rather spot on. It positions Mac, MacOS, and Apple as the nanny, hall monitor, and playground scold that no one pays attention to.
As The Verge points out, Long has been on something of a rehabilitation tour. In 2021 he cut advertisements for Intel that joked about Apple MacBook features as the company moved away from Intel processors.
In any event, Qualcomm taking Apple’s everyman, to be bombarded like every Apple user with dozens of irrelevant and nettlesome notices, makes a great point about the bureaucratic feature creep of MacOS and the liberation that awaits in alternate platforms.
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A Google document has come to light, exposing a series of high-profile leaks that have permeated across media, gaming, and data protection.
The internal Google database obtained by 404 Media shows the depth of these data breaches. Google was in the wrong for “recording children’s voices, saving license plates from Street View, and many other self-reported incidents, large and small,” to name a few of the serious violations of data policy.
The news outlet says the database spans six years of recording, and it paints the world’s biggest search engine in a pretty dark light.
Google privacy breaches
The database logs internal reports on data breaches and personal and corporate data mismanagement. 404 says, “internal database shows how one of the most powerful and important companies in the world manages, and often mismanages, a staggering amount of personal, sensitive data on people’s lives.”
One incident involved Google Street View recording license plate data while scouring the streets with digital image capture. “Unfortunately, the contents of license plates are also text and, apparently, have been transcribed in many cases,” said the reporting employee. “As a result, our database of objects detected from Street View now inadvertently contains a database of geolocated license plate numbers and license plate number fragments.”
Some other notable issues at the highest priority level included:

Children’s voices being recorded due to an incorrect filter
The YouTube kids app was recording children’s audio
An individual manipulating Ad Words, the previous name for Google’s ads, and altering affiliate tracking codes
A Google employee leaked Nintendo announcements after gaining access to the company’s YouTube channel
Carpool app Waze leaked the trips and addresses of users
Deleted YouTube search history being used to suggest content
YouTube content being made public for a short period of time, even though the content was uploaded as Private

Google confirmed the contents obtained by the news provider and, in a statement, said that employees report and escalate issues depending on priority to the reviewing party. Even going as far to say that all of the issues, “every one was reviewed and resolved at that time. In some cases, these employee flags turned out not to be issues at all or were issues that employees found in third party services.”
Image: Ideogram.
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In the wake of the approval of spot Ethereum exchange-traded funds (ETFs) in the United States on May 23, a significant shift in Ethereum holdings has occurred.
According to data from CryptoQuant, centralized crypto exchanges (CEXes) have seen a withdrawal of approximately 797,000 ETH, equivalent to $3.02 billion, between May 23 and June 2. This substantial decrease in exchange reserves suggests that investors are moving their Ethereum into self-custody, reducing the immediate supply available for sale.
Glassnode data, shared by BTC-ECHO analyst Leon Waidmann, reveals that the percentage of circulating Ethereum supply held on exchanges has reached its lowest level in years, currently standing at just 10.6%. This reduction in available supply on exchanges could potentially contribute to increased demand pressure on Ethereum.

Exchange balances for both #Bitcoin and #Ethereum are at their lowest levels in years!
Whales continue to accumulate. #BTC on exchanges is down to 11.6% and #ETH is at 10.6%!
Supply squeeze incoming.
Get ready for the next big move. pic.twitter.com/u4j13DZBJk
— Leon Waidmann | On-Chain Insights (@LeonWaidmann) June 2, 2024

Currently, Ethereum is trading at $3,775, with almost no price movement compared to 24 hours ago and a 23% decrease from its all-time high. During a recent interview Bloomberg ETF analyst James Seyffart said that he believes that the approval of spot Ethereum ETFs was likely influenced by political decisions rather than purely financial considerations.
Crypto caught in a political storm
He suggests that the political climate, including actions by the Biden administration and responses from the crypto community, played a significant role in the approval process. Beyond Bitcoin (BTC) and Ethereum, the approval of other crypto ETFs, such as Solana (SOL), is unlikely without significant regulatory changes, according to Seyffart.
The news follows Friday’s announcement by President Biden that he decided to veto a House Joint Resolution that sought to repeal the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121). In his veto statement, Biden made it clear that crypto regulation is now seen as a partisan issue:
This Republican-led resolution would inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address future issues.
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On Friday afternoon, President Joe Biden announced his decision to veto a House of Representatives move that sought to repeal the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121).
The controversial SEC accounting guidance requires financial institutions holding crypto assets for customers to include these assets on their own balance sheets, which critics argue makes it challenging for these institutions to work with crypto companies. In his veto statement, President Biden wrote:
This Republican-led resolution would inappropriately constrain the SEC’s ability to set forth appropriate guardrails and address future issues. This reversal of the considered judgment of SEC staff in this way risks undercutting the SEC’s broader authorities regarding accounting practices. […] My Administration will not support measures that jeopardize the well-being of consumers and investors.
Banks can’t hold crypto
The veto announcement came shortly after banking group American Banker Association sent a letter to the President, urging him to sign the resolution to overturn SAB 121. The banking organizations’ letter argued that the guidance, as per the Government Accounting Office, prevents regulated banking groups from offering custody services.
Lawmakers also requested that the administration work with the SEC to rescind the guidance if the President still intended to veto the resolution. Despite the resolution passing both chambers of Congress with significant majorities, President Biden’s veto demonstrates his administration’s stance on the matter.
Senator Ron Wyden (D-Ore.), a member of Biden’s party who voted for the resolution, criticized the guidance during CoinDesk’s Consensus 2024 conference in Austin, Texas, arguing that it creates a different standard for crypto compared to other assets in the financial sector.
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