Good Morning. In case you didn’t sleep well, we’ve got a dream or two you can read about.

In today’s edition:

• Can’t not talk about the Coinbase IPO

• Rapper Nas’ smart investments

• Ethereum hits puberty, gets another credit card

“I just realized that ‘Let me check my calendar’ is the adult version of ‘Let me ask my mom.'”—Noelle Chatham

Quick Bites  

⛓ Crypto. Bitcoin, Ethereum, and their annoying little brother Dogecoin all reached new all-time highs on the eve of the historic Coinbase public listing. Meanwhile, most of crypto Twitter changed their profile pics to couches. Yes you read that right. 

📈 Stonks. If you thought SPACs were going out of style, think again because Singapore app “Grab” is going public via SPAC with a record breaking $40 billion dollar valuation.

🌗 Space Race. Japanese start up iSpace announces plans to send rover to the moon in 2022. Space Race 2.0 anyone? 

A Chaotic Coinbase IPO-Eve 🎄

The week leading up to the Coinbase IPO has been like a ridiculous dream—companies piling in to add Bitcoin to their balance sheets, the entire crypto market reaching all-time highs, and—you know—the whimsical crypto-couch Twitter thing.

But the big news is the Coinbase IPO, and even though here at Zoomer Money we’re rooting for decentralized exchanges, it’s a step forward for the legitimacy of cryptocurrency as a whole.

$COIN drops into the stock market with 114,850,769 shares, with a fully-diluted value of around $100 Billion. If Coinbase’s numbers are your thing, there’s lots more of them on Nasdaq.

Nas Don’t Miss 🎯

Back in 2013 Nas’ investment firm QueensBridge Venture Partners (coolest VC firm name ever btw) got in on Coinbase’s series B round back when the young crypto startup was valued at $147 million. The predicted valuation for Coinbase today would net Nas’ investment firm north of $100 million. Nas was also an early investor in startup Ring that sold to Amazon. Who else wants a business class taught by the greatest rapper of all time? (Sorry Kanye fans, but we took a vote here in the office)

Mastercard Hops on the Blockchain Train 🚂

Mastercard announced a partnership with ConsenSys, a blockchain engineering firm founded by Ethereum co-founder Joseph Lubin, to provide an open source protocol for enterprises built on the Ethereum network. UBS and JPMorgan also thought that sounded like a good idea and hopped on the ConsenSys-led blockchain bandwagon.

“The accelerated shift of financial services to blockchain is continuing to reshape how businesses, governments and people transact around the world in real time,”

-Raj Dhamodharan, executive vice president of Digital Asset and Blockchain Products & Partnerships at Mastercard.

Looking ahead…

Ethereum’s future looks bright (sunglasses may be in order), with the mingling of traditional and blockchain-based financial tech. Finance as we know it is getting a software update that is long overdue, the combination of institutional adoption and successful updates to the Ethereum network paint a hopeful road ahead for Bitcoin’s little bro.

• The next major update to Ethereum, dubbed “Berlin” is scheduled for today (coincidentally, heavily overshadowed by Coinbase day.) This update is the first step in addressing Ethereum’s high network fees.

• The highly anticipated EIP-1559 (Ethereum Improvement Proprosal) is due for July, further addressing the Ethereum network fees.

• ETH 2.0 well under-way with 3.8 million Ether staked for ETH 2.0, showing that the community is supporting the move to Proof of Stake and proving that yes, you can be a crypto enthusiast AND environmental enthusiast too.

The Most 2021 Thing Ever?

The latest New York Magazine’s cover story playfully mocks our bread-and-butter, but honestly we’re flattered.

Thanks for reading! 👋

Come ask Bay how he feels about Dogecoin