Summary
TLDR: This week saw a $4.3 million sale of an Ethereum NFT based on the Dogwifhat meme, indicating a resurgence in the meme coin economy and NFT market. Binance faced controversy over a new meme coin listing, denying employee involvement. The Ethereum Foundation is under investigation by a state authority, with fears that the SEC may target the Ethereum network. Some are dismissive, while others warn of potential consequences.
Key Points
1. An Ethereum NFT of the Dogwifhat meme sold for a record-breaking $4.3 million, signaling a resurgence in the meme coin economy and NFT market.
2. Binance faced controversy over suspicions that an employee may have been involved in a suspicious purchase of a new meme coin, leading to calls for more transparency in the token listing process.
3. The Ethereum Foundation is under investigation by an unnamed state authority, with reports suggesting the SEC may be involved, raising concerns about potential regulatory actions against the Ethereum network.