The Morning Minute (6.17) ⏰Top News: -Crypto majors fall amidst concerns of US entering Israel Iran war; BTC at $105,600 -JPMorgan files trademark for JPMD, speculation of stablecoin -Trump discloses that crypto was #2 biggest source of income in 2024 -Justin Sun’s Tron files to go public via SPAC, to launch MSTR model for TRX -Cantor Fitzgerald bullish on SOL Treasury companies, gives ‘overweight’ rating 🌎 Macro Crypto and Memes -Crypto majors are red and falling this morning amidst concerns of the US entering the Israel Iran war; BTC -1% at $105,600, ETH -2% at $2,550, XRP -1% at $2.19, SOL -3% at $150 -TRX (+3%) and Pendle (+3%) led top movers -Vietnam formalized its crypto asset law, recognizing crypto and virtual assets, effective Jan 1, 2026, with incentives for startups -JPMorgan filed a trademark for “JPMD,” a new digital asset platform trademark, hinting a deeper entry into crypto services -Justin Sun’s Troin will go public via SPAC, parallels Bitcoin-focused Strategy model but for TRX -U.S. miners hit a network hashrate record, now controlling ~31.5% of global Bitcoin hashrate (mining costs rise to ~$70K per BTC) -Franklin Templeton said that the EU risks becoming a crypto “flyover zone” based on its lagging regulatory approach compared to the US and APAC -Universal Digital launched a BTC treasury strategy and partners with Japan’s GFA for Asian expansion -Cantor Fitzgerald predicted a 75% stock price bump for those companies building public Solana treasuries In Memes -Memecoin leaders were very red; DOGE -3%, Shiba -4%, PEPE -8%, TRUMP -5%, BONK -7%, SPX -14% & FARTCOIN -7% -Binance US teased a Fartcoin listing -Xavier (+128%) and USDUC (+43%) led notable Solana meme movers 💰 Token, Airdrop & Protocol Tracker -Pump Fun and its founder Alon both got suspended from X on Monday, while their PUMP token traded at $6B premarket -Memestrategy acquired 2,440 SOL for ~$372,000 making it the first publicly listed company in Asia to buy Solana -Rekt Drinks sold out its latest limited edition drop in just over 20 minutes on Monday -Nansen announced its Nansen Points: Season 01, with points for subscribing to the higher tiers, staking, referring friends and completing milestones 🤖 AI x Crypto -Overall market cap fell 7% to $9.3B, leaders mostly red -FARTCOIN (-8%), VIRTUAL (-7%), ai16z (-7%), FAI (-4%) & AIXBT (-9%) -grph (+10%), SPLAT (+6%) and Clanker (+6%) led top movers -Virtual led mindshare with a 21% share; Fartcoin and Cookie were next 🚚 What is happening in NFTs? -ETH NFT leaders were red down 2-3%; Punks -3% at 41.5 ETH, Pudgy -2% at 8.88, BAYC -1% at 11.8 ETH -X Figures(+160%) and Memeland MVP (+20%) were notable movers -BTC NFT leaders were mostly red; Taproot Wizards even, Bitcoin Puppets even, NodeMonkes -2%, OMB -3%, Quantum Cats -7% -Abstract NFTs were mostly red led by Ruyui and Bigpool -NBA Top Shot launched a new rewards program where top collectors on their Top Shop Team Leaderboard are getting rewarded with game-worn gear like NBA warm-up jackets, shooting shirts and more