The Morning Minute (8.11)
Powered by @yeet
⏰Top News:
-Crypto majors sell off after big overnight pump; BTC at $120,500
-ETH soars to $4,350 in big weekend run; Punks hit $235k floor
-LayerZero proposes acquisition of Stargate, ZRO pops 28%
-ZORA jumps 30% to $1.3B, up 14x on the month
-Gondi sets new 1/1 lending record with $1M XCOPY loan
🌎 Macro Crypto and Memes
-Crypto majors were very green but selling off this morning; BTC +2% at $120,600, ETH even at $4,200, XRP +1% at $3.23, SOL -1% at $179
-PUMP (+14%), LDO (+11%) and ENA (+8%) led top movers in a big day for alts
-The ETH ETFs saw $461M in net inflows on Friday, their 4th highest ever ($404M for BTC)
-The ETH / BTC ratio flipped green on the year for the first time, up 100% off the bottom of 0.018 on 4/20
-BlackRock said they do not have intention of filing for an XRP or SOL ETF at this time
-Coinbase announced it will bring DEX trading to the Coinbase app, allowing its users to trade millions assets on Base
-Trump's World Liberty Fi is exploring creating a public company to hold its WLFI Fundraising at a $1.5B target
-Bo Hines, the White House crypto council lead, has resigned to move to the private sector
In Corporate Treasuries
-BMNR popped 25% on Friday to $51.43 and a $5.82B market cap
-BNB Network Company has bought $160M of BNB, progressing against its $500M goal
-A mystery institution accumulated ~$950M of ETH in the past week
In Memes
-Memecoin leaders are red on the day; DOGE -1%, Shiba -1%, PEPE -2%, PENGU +1%, BONK +1%, TRUMP -3%, SPX -2%, and FARTCOIN -5%
-CLIPPY (+110%), Tokabu (+75%), SWIF (+60%) and SPARK (+59%) led notable Solana onchain movers
-ZORA jumped 30% yesterday to $1.25B, now up 14x over the past month
💰 Token, Airdrop & Protocol Tracker
-The LayerZero Foundation proposed an acquisition of Stargate, offering $0.1675 per token to acquire and integrate Stargate into the ZRO ecosystem and dissolve the Stargate DAO (ZRO +28%)
-Pump Fun regained 70% share in the Launchpad wars, with LetsBonk at 14% and Bags at 10% (PUMP +14%)
-Linea's Etherex DEX hit $100M in TVL, within a few days of the REX TGE
-Infinex released its Season 1 Yap Run winners, with top 5 receiving $15k-$30k
🤖 AI x Crypto
-Overall market cap up 5% to $12.9B, leaders were mixed
-FARTCOIN (-5%), VIRTUAL (+3%), TIBBIR (+8%), ai16z (+3%) & ALCH (+2%)
-SNAI (+50%), AVA (+25%) and arc (+20%) led top movers
🚚 What is happening in NFTs?
-ETH NFT leaders were mostly green over the weekend; Punks +2% at 55 ETH, Pudgy +3% at 15.2 BAYC +4% at 13.2 ETH
-DigiDaigaku (+66%) were a top mover
-The CryptoPunks floor hit $235k after the rise in ETH and a busy weekend of sales
-Bitcoin NFTs mostly chopped
-Abstract NFTs were mostly green, led by Bearish (+12%)
-Gondi set a new NFT lending record with a $1,000,000 loan against the XCOPY 1/1 ‘When Airdrop?”, a new record for a 1/1 digital art piece
NEW Rekt Radio on WEDNESDAY 12 PM ET! Set your reminder below 👇 👇
• @KookCapitalLLC calling for 130k BTC
• @rektmando in a market flow state 🌊
• @KeyboardMonkey3 putting in crazy work
• @osf_rekt is back!!
NEW @YEET GIVEAWAY!! #RWD $REKT
https://t.co/wWDy2RZ8FE
Announcing "the fun round!!!" featuring @KeyboardMonkey3!
Use Rekt Radio's affiliate code "REKTRADIO" on @YEET and participate in this month's player events!
Check out our viewers cashing in insane money in our weekly giveaway👇👇
#BuiltForBigMomentsOne
If you haven't noticed, the Morning Minute is now officially sponsored by Yeet!
And we are giving away $1,000 per week to random players who sign up with the ref code 'MorningMinute'
Go sign up and play now for your chance to win 💰
10k and 100k Airdrop Points are STILL on the line!
Can you #reachthebarn on Lamb Chop on Hard or Very Hard difficulty?
Learn more here:
https://t.co/w1onOjJqJW