Jungle Roar: Ethereum's Major Win!

Crypto Community Cheers: What's Next for Ethereum?

Author

Jungle Degen
June 21, 2024

Greetings Crypto Explorers! 🌴🦜

In this week's Jungle Tales, we're roaring with excitement over Consensys' monumental victory against the SEC, as they close their investigation into Ethereum, marking a massive win for the entire crypto tribe! Ether's price has surged, reflecting the jungle's buzz. We'll also dive into Michael Saylor’s latest Bitcoin acquisition, VanEck's new Spot Bitcoin ETF, and the hilarious memes swinging through the canopy.

As always… Stay Wild! 🌿🦁🚀

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

SEC Drops Investigation Into Ethereum, But Hints It's Not The End

www.ibtimes.com/sec-drops-investigation-ethereum-hints-its-not-end-3734707

Consensys just scored a major win against the SEC! The U.S. Securities and Exchange Commission has closed its investigation into Ethereum, meaning no more allegations that ETH sales are securities transactions. 🦍💪

Backstory: In April, Consensys sued the SEC after they claimed ETH was a security since last year. Fast forward to now, and the SEC has decided to back off. This is a huge victory for Ethereum developers and the entire crypto tribe!

Ether’s price went bananas, jumping from $3,400 to $3,500 following the news. As per CoinGecko, ETH is up by 3.4% in the last 24 hours. 🤑💰

Crypto big shots like Lark Davis are calling this a "big W" for the Ether community. Some are saying the SEC is losing its grip on crypto battles, hinting at even higher highs for ETH. 🚀🌕

The SEC’s notice did mention that this isn't an exoneration, and future actions aren't off the table. But for now, the jungle is buzzing with excitement! 🌴

Consensys is still pushing for clearer regulations to support innovation. They believe it shouldn’t take lawsuits to get the clarity we all need.

📈 News about Ethereum:

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week.

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

In the heart of the crypto jungle, there's a peculiar phenomenon that both baffles and delights the degen tribe. This cryptic event swirls through the trees, often causing traders to burst into laughter or scratch their heads in bewilderment. It can shift market sentiments in an instant, though it holds no tangible value. Often created by the community, these fleeting moments of joy spread like wildfire, becoming legendary tales told around the jungle fires. What is this enigmatic occurrence that can turn the wildest bear markets into moments of sheer hilarity?

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $63,910.03 (2.38%)

  • Ethereum (ETH) - $3,511.99 (3.89%)

  • Top Gainer: Ethereum Name Service (+31.13%)

  • Top Loser: ZkSync (-35.49%)

    Snapshot taken on the 21th of June, around 1:13pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

What do you think about the SEC closing its investigation into Ethereum?

Login or Subscribe to participate in polls.

🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

Looking for some jackfruit

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

In the dense and unpredictable jungle of crypto, many explorers face the challenge of fatigue. Yet, seasoned degens understand that just as the jungle requires resilience and adaptability, so does the world of cryptocurrency. When weary from constant market swings and endless news cycles, it's vital to take a step back and recharge. Use these moments of quiet not as times of stagnation, but as opportunities for reflection and learning. Just as the undergrowth shelters life unseen, periods of rest can fortify your strategies and deepen your understanding. Remember, the journey through the crypto wilderness is a marathon, not a sprint. Embrace patience and stay vigilant, for the jungle will roar again and the prepared will thrive.

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!ed