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TylerD 🧙‍♂️
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Crypto news & analysis | @RugRadio | @fomohour at 10 am | Writing The Morning Minute | Pengu Maxi
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TylerD 🧙‍♂️
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The Morning Minute (5.28) Powered by @yeet ⏰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
HYPE
6.38%
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