Morning Minute | Trump Wants All Bitcoin 'Made in USA'

Morning Minute | Trump Wants All Bitcoin 'Made in USA'

TylerD's Market Summary

Today's Morning Minute is brought to you by Wasabi, THE leading NFT leverage protocol.

Did you see NFT news and immediately want to go long Bored Apes or Mutants? Or did you want to short them? 

How about wanting to long $PAC after the recent breakout (with leverage)? 

Either way, Wasabi has you covered.

With Wasabi's Perps markets, savvy traders can now win in any market conditions and earn points and Blast GOLD while doing so. 

It's a huge unlock.

They recently crossed $100M in TVL as farmers and earners flock to park their tokens on Wasabi for their sweet yield.

And vaulters keep winning, with multiple Wasabi vault tokens hitting Blast Jackpots over the past few weeks.

So why not join them and start trading today, and earn those rewards!

๐Ÿ’ธ Trump Builds On His Pro-Crypto Stance

Donald Trump formally announced himself as the "Pro-Crypto" presidential candidate at a rally in San Francisco this past weekend.

And the former president is doubling down on that stance.

What Happened?

Last night on Truth Social, Donald Trump shared the following:

"Bitcoin mining may be our last line of defense against a CBDC...We want all the remaining Bitcoin to be made in the USA!!!"

Of course the ex-President is talking about Bitcoin Mining in this context as Bitcoin is only created as rewards for processing blocks via mining.

The comments came after Trump met with execs from bitcoin mining firms earlier in the day. 

He went on to mention that this would help the USA be "energy dominant." 

Market Response

Checking in on the election market on Polymarket, odds are mostly unchanged.

Trump still holds a 56% to 34% lead over Biden.

Though notably Biden's odds of dropping out of the election are up to 23% this week.

In the crypto markets:

  • TRUMP +3% to $605M (clear PoliFi leader)
  • MAGA +15% to $97M
  • boden +16% to $134M
  • tremp even at $100M

So some movement but not a ton following the comments.

Holders of these PoliFi coins have to be happy with crypto's place in the current rhetoric, with sound bytes and quotes coming out almost daily at this point.

Expect that trend to continue as Trump continues to make crypto a primary campaign issue.

๐Ÿšš What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH led NFT trading volume with $5M on the day (+3%); BTC was next with $4.3M and then Polygon with $3.87M (+59%) 
  • ETH NFT leaders were mixed with BAYC -3% to 11.5ETH, Pudgy +6% at 10.7, Azuki even at 3.82 and Milady +4% to 4.25
  • v1 Punks, Pirate nation and wassies were notable outperformers on the day
  • BTC NFT leaders mixed on the day; Puppets +2% at 0.146 BTC, NodeMonkes -6% 0.216,  OMB +2% at 0.25 and Quantum Cats -4% at 0.287
  • The Runes board saw welcome green with DOG +16% to $700M mc, BAMK +30% to $200M ,RSIC even at $175M and PUPS -1% to $137M; newcomer CRYPTOKITTIES soared 900% to $45M
  • Solana NFTs were mixed; Mad Lads even at 62 SOL, SMB Gen 2 even at 22.5, DeGods even at 24.4
  • Blast NFTs were mostly red with Apollo -13%, others even
  • Punks artist in residence Nina Chanel is going to have a pair of Jordans 
  • Pudgy Penguins saw a major sweep of 52 lil Pudgy's and 3 big Pudgy's from a fresh wallet yesterday

๐Ÿ’ฐ Token, Airdrop & Protocol Tracker

Here's a rundown of major token or airdrop news from the day:

  • Photon introduced Limit Orders on Solana offering buy/sell limits for memecoins, with its points now live on Whales Market
  • The PUPS team burned 31.6M PUPS tokens worth $4.3M from the Rune Pup Ordinals which weren't migrated
  • Phantom teased a Monad integration coming soon
  • Parallel announced that its second expansion set, Aftermath, will be sold only in $PRIME
  • Blast went live on Dune Analytics allowing for deeper data analysis

๐ŸŒŽ Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

  • Crypto majors are green this morning ahead of CPI & FOMC; BTC +1.4% at $67,900; ETH 0.3% at $3,550, SOL -1% at $153
  • Memecoin majors are mixed with DOGE -1%, PEPE +6%, WIF -1%, BONK +4%
  • The largest bank in the world ICBC shared a paper on digital assets praising BTC & Ether earlier this week
  • A Japanese company Metaplanet saw its stock pump 10% after its latest round of Bitcoin buying, now up 4x from their first BTC purchase in April 2024
  • Binance invited in ETH L2 Zircuit, which focuses on AI-based security, ahead of its mainnet launch this summer
  • Arthur Hayes joined Covalent as an advisor in an all-token deal
  • PleasrDAO served Martin Shkreli over his release of the Wu Tang album

๐Ÿš€ Memecoin Movers 

  • $STONKS (+350%, $20M market cap, ETH)
  • $DADDY (+270%, $170M market cap, SOL)
  • $LAB (+50%, $18M market cap, SOL)
  • $WOLF (+41%, $111M market cap, ETH)
  • $NPC (+33%, $220M market cap, ETH) 

๐Ÿ“ˆ NFT Floor Price Increase (ETH)

  • Avarik Saga (33%, 0.1 ETH Floor)
  • V1 Punks (27%, 2.5 ETH)
  • wassies (20%, 0.98 ETH)
  • Chimpers (17%, 0.28 ETH)
  • My Pet Hooligan (13%, 0.43 ETH)

๐Ÿ—“ Upcoming NFT Mints and Reveals

Today is a slower day of mints, mostly focused in the art world.

Ed Balloon is doing a drop on Base called The Narrator

Other than that, the focus today is on the CPI print this am (7:30) and then FOMC this afternoon (3:00).

Those are likely to have major implications for crypto majors and the rest of the market.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Ed Balloon - The narrator (8:00 a.m. ET)
  • Memes by 6529 (11:00 a.m. ET)
  • Luciana Guerra x Prohibition - Onchain Summer (12:00 p.m. ET)
  • Ragnarok (4:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.