The Morning Minute (5.21)
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⏰Top News:
-Crypto majors are slightly red on the day, following a NVDA beat; BTC at $77.1k
-HYPE leads all tokens up 15% on the day to $57.40, caught $25M in ETF inflows
-SpaceX discloses $1.45B in BTC holdings in IPO filing, purchased for $661M
-NVDA beats earnings but Walmart issues negative outlook this morning; quantum stocks pop
-Vitalik outlined Ethereum’s privacy roadmap, while Bankless founder sells all his ETH
🌎 Macro Crypto and Markets
-Crypto majors are red while HYPE steals the spotlight; BTC -0.4% at $77.1k; ETH +1% at $2,110; SOL +1%at $86; HYPE +15% at $57.40
-ZEC (+13%), LIT (+13%), MNT (+7%) and WLD (+6%) led top movers
-Oil -1% at $100; Gold +0.4% at $4,517
-Stock futures are red with the Nasdaq down 0.6% after positive NVDA earnings but bad news out of Walmart
-Quantum stocks pop after US govt awards $2B in grants and takes equity stakes
-Fairshake went 6-0 in Tuesday’s primaries across Kentucky, Alabama, and Georgia, and the PAC’s highest-profile win was ousting Iran war critic Rep. Thomas Massie in Kentucky
-Trump signed an executive order Tuesday directing the Fed and federal financial regulators to review rules restricting crypto and fintech firms from accessing US payment rails and Fed master accounts
-Tether bought out SoftBank’s full stake in Twenty One Capital Wednesday, taking uncontested majority control of the NYSE-listed Bitcoin treasury company
Corporate Treasuries & ETFs
-The Bitcoin ETFs saw $70M in net ouflows on Wednesday; the ETH ETFs saw $28M in outflows
-The HYPE ETFs saw $25.5M in net inflows on Wednesday according to Farside, by far their biggest day ever
Meme Coin Tracker
-Meme leaders were mostly flat; DOGE +1%, SHIB +1%, PEPE +1%, PENGU +3%, TRUMP -1%, BONK +1%, SPX +2%, FARTCOIN +2%
-Virl (+70%), Either (+20%) and Goblin (+30%) led notable movers on Solana
-Base movers included Gitbank (+60x), openhuman (+150%), Nook (+60%) and AVNT (+20%)
💰 Token, Airdrop & Protocol Tracker
-Sui launched gasless stablecoin transfers Wednesday, a protocol-level feature eliminating gas fees entirely for USDC, USDT, and five other stablecoins
-SizeProp raised a pre-seed round led by Igloo Inc to build infrastructure for crypto prop trading firms
🚚 What is happening in NFTs?
-NFT leaders were mixed; Punks even at 34 ETH, BAYC -2% at 9.79 ETH, Pudgy even at 4.89 ETH; Hypurr’s +14% at 340 HYPE
-DropDedGorgez (+17%) and Invisible Friends (+17%) led notable movers




Dig into the top stories of the day + all the market action
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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