The Morning Minute (11.7)
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⏰Top News:
-Crypto majors fall another 3-4%; Bitcoin down at $99,400
-ZEC soars past $600, reaches $630
-Google announces integrations with prediction markets Polymarket & Kalshi
-Tether buys $100M of BTC; Robinhood considers adding BTC to balance sheet
-Fomo app raises $17M from Benchmark, teases web app
🌎 Macro Crypto and Memes
-Crypto majors are red and falling; BTC -3% at $99,800, ETH -4% at $3,210, BNB -1% at $933, SOL -3% at $152
-FIL (+50%), ZEC (+20%), ICP (+20%) and NEAR (+18%) led top movers
-Crypto stocks’ shares slid considerably yesterday with MSTR (-7%), COIN (-7.5%), HOOD (-11%) and IREN (-11%)
-Trump called America a “Bitcoin superpower” once again yesterday, pitching a pro-crypto stance and warning on China competition. CoinDesk
-JPMorgan pegged BTC’s fair value near $170K using gold-based model
-Google will integrate prediction market data from Polymarket and Kalshi
-Tether bought $97M of Bitcoin on this latest dip, following its policy to use 15% of profits to buy BTC
-Robinhood is now considering adding Bitcoin to its balance sheet
-Base lead Jesse Pollack launched Jessexbt, an AI Agent to help him answer ecosystem questions
In Corporate Treasuries / ETFs
-The Bitcoin ETFs saw $239.9 in net inflows on Thursday, with ETH seeing $12.5M in inflows - flipping green for the first time in 7 sessions
-The Solana Bitwise ETFs saw $29.2M in net inflows keeping the streak going
-Bitwise is preparing to launch a Dogecoin ETF in 20 days, on the back of its SOL ETF success
In Memes
-Memecoin leaders are mixed; DOGE -1%, Shiba +2%, PEPE even, PENGU +7%, BONK -1%, TRUMP +5%, SPX +9%, and FARTCOIN -1%
-SPSN jumped 180% to $4M leading Solana runners; jelly jelly down 50% to $87M (-80% from local highs)
💰 Token, Airdrop & Protocol Tracker
-MegaETH released its allocation from its public ICO sale, calling it the “Conviction round” where those that chose to lock tokens for 1 year were heavily rewarded
-Fomo app raised $17M for its mobile trading app, teasing a web-based app soon
-Layer Zero bought $10M of its LZ token for its balance sheet
-Monad shared that locked tokens won’t be eligible for staking
-Abstract is bringing Disney IP to its L2 in partnership with Cryptoys
🚚 What is happening in NFTs?
-NFT leaders were mixed; Punks -3% at 35 ETH, Pudgy +1% at 5.75, BAYC -3% at 5.8 ETH; Hypurr’s +2% at 888 HYPE
-Kodas (+12%) and Cambria Islands (+10%) notable movers
-Token Strategy announced Rare Pepes for their latest new Strategy token NAKASTR




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