The Morning Minute (8.12)
⏰Top News:
-Crypto majors chop ahead of CPI, ETH leads; BTC at $64k
-SEC plans to move forward with crypto rulemaking Friday, including tokenized securities
-Robinhood Chain does 10x the revenue of Base, TVL nears $500M
-Harmony exploit led to 26% of the supply minted
-CFTC invokes emergency authority to keep Kalshi running in NY State
🌎 Macro Crypto and Markets
-Crypto majors are mostly flat ahead of CPI this morning; BTC -0.4% at $64k; ETH +1% at $1,910; SOL +1% at $77; HYPE +0.5% at $55.50
-Top alt movers include CC (+4%), CRV(+4%) and NEAR (+3%)
-Oil +1% at $83; Gold +0.7% at $4,470
-Stock futures are slightly green ahead of CPI; DOW +0.1%, Nasdaq +0.6%
-The SEC set an August 14 meeting to propose “Regulation Crypto”
-Strategy's credit model sets STRC's undercollateralization floor at $16,184 and its total debt-and-preferred floor at $20,587
-Trump Media's crypto bet drove a $238 million quarterly loss
-Crypto-friendly bank Erebor is in talks to raise $1.5 billion at a $9.5 billion valuation, per the FT
-MoneyGram expanded on Solana with a global crypto-to-cash service
-Exchange spot volume fell 21.7% in July to $429 billion across 14 major venues
Corporate Treasuries & ETFs
-The Bitcoin ETFs saw $8M in net inflows on Tuesday; the ETH ETFs saw $1.7M in outflows
-Fidelity is adding staking and quarterly cash distributions to FETH, its $900M ETH ETF, staking up to 100% of holdings and passing net rewards to investors while keeping 85% of gross rewards
Meme Coin Tracker
-Meme leaders were mixed; DOGE +1%, SHIB -3%, PEPE -1%, PENGU -2%, TRUMP +1%, BONK -5%
-Robinhood chain was led by HMM (+100%) and AI (+40%) while other leaders declined
-Solana leaders included Plumber (+35x), Alon (+20%) and Jimothy (+36%); Stonk briefly hit a new ATH at $15M after a Solana rt (now back at $12.5M)
💰 Token, Airdrop & Protocol Tracker
-Robinhood Chain is now doing 10x the revenue of Base, while its TVL nears $500M
-Harmony suffered an unauthorized mint of 4 billion ONE, about 26% of supply, crashing the token as 2.8 billion was dumped to exchanges; the network is pursuing freezes and a possible rollback
🚚 What is happening in NFTs?
-NFT leaders were slightly red; Punks -1% at 31.7 ETH, BAYC even at 8.17 ETH, Pudgy -1% at 3.92 ETH; Stonkbrokers -7% to 12.5 ETH
-Cash Cats (+155%) and Normies (+65%) led top movers
-New project Yardkeepers debuted and ran to a 0.7 ETH floor (YARD token at $4M)
-The FWA team debuted user profiles and a chat app, while teasing personal pools coming soon; FWA ran to $40M and a new ATH before retracing (now $31M)
Gen Z is moving money from stocks to sports betting in wealth plans, 52% of them have redirected inv funds to sports betting and quarter of them treat sports betting as a deliberate part of their long-term financial plan, according to survey from Betterment. Wow.
Today we sat down with @mdudas to chat about @solana and its ecosystem!
3:30 - Solana's place this cycle
7:10 - Thoughts on the latest Solana Governance vote
8:40 - Are Memecoins back?
14:40 - El Toad Pepe backstory
18:07 - How to make a memecoin a "good coin" ?
21:05 - The $ANSEM thesis and thoughts
24:48 - The $PUMP trade + Where is @Pumpfun going?
Could ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 be getting a Robinhood listing or maybe some other major partnership annoucment? Has Mando cracked the code?
Live now for FOMO HOUR talking markets, SEC and RWAs, Robinhood leans in again, CFTC saves Kalshi
+ our convo with @mdudas talking Pump Fun, the 2026 trenches and a lot more
Jump in
https://t.co/x9Mp32enyw
Live now for FOMO HOUR talking markets, SEC and RWAs, Robinhood leans in again, CFTC saves Kalshi
+ our convo with @mdudas talking Pump Fun, the 2026 trenches and a lot more
Jump in
https://t.co/x9Mp32enyw
We have a massive FOMO HOUR show this morning!
@mdudas joins at 10:30 am ET to talk Solana, Pump Fun and the state of the trenches (plus some TOAD talk)!
We will talk markets, CPI, Robinhood Chain latest & more as well.
Live at 10 am ET!
Yuga has $40m worth of punks they can probably never sell due to optics
Why not deposit them into a custom FWA pool with a higher spin price, pool the ETH backing from their NFT holders, and favorably split (60/40) the current 50%+ APR with them?
Reasonably monetize some of your punks, reward holders with access to boosted yield, and create the worlds most valuable gacha machine all in one go