The Morning Minute (5.27) ⏰Top News: -Crypto majors rebound after Trump’s EU tariff delay; BTC at $109,500 -HYPE leads all movers +40% on the week in wake of new ATH -Circle files for IPO on NYSE, will go live as 'CRCL' -Coinbase faces class action lawsuit over data breach -Big Kaito weekend with Huma and Infinex airdrops, Yeet and Loud campaigns begin 🌎 Macro Crypto and Memes -Crypto majors are slightly green after Trump delayed the EU Tariffs til July; BTC even at $109,500, ETH +3% at $2,640, XRP -1% at $2.31, SOL -1% at $176 -CAKE (+14%), QNT (+13%), INJ (+7%), and AAVE (+6%) led alts -HYPE hit a new ATH at $40 over the weekend (now at $37.50), the top mover in all of crypto on the week up 43% -Jack Mallers and 21 Capital are aiming to acquire up to $100B of Bitcoin to get to 5% of the supply -Saylor’s Strategy bought another 4,020 BTC at a $106,237 average -Solana closed out its Solana Accelerate with a slew of announcements, including ‘Alpenglow,’ Kraken tokenizing stocks, Drift partnering with Securitize for RWAs and many more -Coinbase is facing a class action lawsuit from stockholders stating the data breach impacting 69,461 users caused shareholder harm -The Blockchain group completed a $63M convertible bond issuance to buy more Bitcoin -Bank of Korea is exploring using stablecoins issued by its private sector -France officials arrested 12 individuals tied to recent crypto kidnappings -Elon Musk's platform X has initiated a limited beta test for its new payment service, X Money, in partnership with Visa -Recent research by Google indicates that quantum computers may be able to break RSA encryption 20 times faster than previously estimated -AI art platform Civitai has transitioned to accepting crypto payments, after its credit card processor ceased services due to concerns over AI-generated explicit content In Memes -Memecoin leaders were slightly green; DOGE +1%, Shiba +1%, PEPE +1%, TRUMP +1%, BONK -1% & FARTCOIN +1% -Launchcoin eco held at $330M after Believe app founder Pasternak teased a flywheel coming; LAUNCHCOIN holding at $200M -Hosico (+31%) and Labubu (+12%) were notable Solana meme movers 💰 Token, Airdrop & Protocol Tracker -Huma Finance debuted its HUMA token at $630M FDV, with an airdrop to Kaito stakers and yappers -Axiom has generated its first $100M in revenue in just 4 months -Infinex opened its airdrop claim for its uPatrons tokens to Kaito yappers (not yet tradable) -Yeet made its debut on Kaito, along with new InfoFi protocol Loudio Rekt Brands announced they’re coming to LA on June 19-21 đŸ€– AI x Crypto -Overall market cap jumped 1% to $11.7B, leaders were mixed -FARTCOIN (-1%), VIRTUAL (+8%), ai16z (-4%), FAI (+1%) & AIXBT (-2%) -Shoggoth (+64%), Aimonica (+53%) and VIRGEN (+46%) led top movers -Virtual led mindshare with a 22% share; COOKIE and Fartcoin were next -Tom Brady has invested in Catena Labs, an AI-native finance startup co-founded by Circle’s Sean Neville, which raised $18M to build autonomous agents that execute crypto transactions using stablecoins like USDC 🚚 What is happening in NFTs? -ETH NFT leaders were mixed; Punks -1% at 46.7 ETH, Pudgy even at 9.74, BAYC +1% at 13.6ETH -Kaito Genesis jumped 10% to 3.1 ETH and Memeland Captainz rallied 18% to 0.47 -BTC NFT leaders were mostly red; Taproot Wizards even at 0.187 BTC, Bitcoin Puppets -5%, NodeMonkes -5%, OMB even, Quantum Cats -3% -Abstract NFTs were mixed led by OCH Heroes (+5%) and Final Bosu (+9%) -Seedphrase re-upped his $2.75M loan against his marquee 7-trait Punk on Gondi with a 17% APR -Bad Bunnz were a notable mover, jumping 170% to 0.28 ETH, as the first unofficial MegaETH collection caught fire -Supremon 151 soared to a 1 ETH floor in their debut
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