The Morning Minute (5.28)
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⏰Top News:
-Crypto majors fall 3-4% across the board; BTC at $73.3k
-BTC ETF outflows total $1B+ over past 2 sessions, worst since January
-HYPE falls 9% despite positive ETF inflows
-Jefferies projects $1T crypto public market after upcoming IPOs
-Google engineer becomes 2nd arrested for Polymarket insider trading
🌎 Macro Crypto and Markets
-Crypto majors are red down 3-4%; BTC -3% at $73.3k; ETH -4% at $1,980; SOL -4% at $81; HYPE -9% at $56.80
-XLM (+20%), STABLE(+1%), and NIGHT (+1%) led top movers
-Oil +2% at $92; Gold -1.5% at $4,380
-Stock futures are red with the Nasdaq down 0.5%
-SoFi launched SoFiUSD on Wednesday. a dollar-backed stablecoin on Ethereum and Solana
-Block began rolling out USDC stablecoin payments to Cash App's nearly 60 million users on Wednesday
-Mastercard secured a New York BitLicense on Wednesday, clearing the path for stablecoin and tokenized deposit settlement across its global payments infrastructure
-Fold debuted its Bitcoin Rewards Credit Card on Wednesday after securing a $150 million revolving credit facility from Encina Lender Finance
-A plaintiff called "Noah Doe" filed a lawsuit in New York Supreme Court on May 1 seeking ownership of 39,069 dormant Bitcoin wallets holding approximately 3.79 million BTC (~$286 billion)
Corporate Treasuries & ETFs
-The Bitcoin ETFs saw $733M in net outflows on Tuesday, their worst day since January; the ETH ETFs saw $67M in outflows
-The HYPE ETFs saw $3M in net inflows on Tuesday, their worst day since May 13
Meme Coin Tracker
-Meme leaders were very red; DOGE -4%, SHIB -4%, PEPE -6%, PENGU -7%, TRUMP -7%, BONK -9%, SPX -9%, FARTCOIN -8%
-Rich (+76%), Squire (+26%) & Percolator (+48%) led notable movers on Solana
-Base movers included Deus (+24%) and OFC (+11%)
💰 Token, Airdrop & Protocol Tracker
-Polymarket is moving toward broader mandatory KYC, requiring traders to verify their identities, as mounting sanctions exposure, geoblocking failures, and insider trading cases create compounding legal risk
-Meanwhile, the White House began reviewing a CFTC proposal Wednesday that would establish the first comprehensive federal framework for prediction market oversight
🚚 What is happening in NFTs?
-NFT leaders were red again; Punks -2% at 32 ETH, BAYC -1% at 8.57 ETH, Pudgy -7% at 4.34 ETH; Hypurr’s -5% at 307 HYPE
-Normies (+40%) and Courtyard (+5%) led notable movers




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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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