• Ethereum led NFT trading volume with $12.9M on the day; Bitcoin was next with $5.1M, and then Solana with $4.8M
• ETH NFT leaders were mostly green; Punks +12% at 32.9 ETH, Pudgy -3% at 9.4 ETH, BAYC +3% at 11.4, Milady +7% at 5.12
• The CryptoPunk floor jumped 12% on the day to 32.9 ETH ($105k) on the back of a big $1M sweep from Wintermute
• Lo-Fi Pepe (+10%), Peplicator (+50%) and Mog Auras (+33%) led notable top movers
• BTC NFT leaders were mixed; Bitcoin Puppets +2% at 0.183 BTC, NodeMonkes -3% at 0.132 BTC, OMB -4% at 0.154, Quantum Cats -1% at 0.204
• The Runes leaders were mostly green; DOG +4% at $392M mc, PUPS +6% at $298M, GIZMO +15% at $62M mc, BDC -2% at $104M
• Cypher Genesis was the top Runes mover jumping 100% to a $16M mc, now up 600% on the week
• Zereborn NFTs were the leader on Solana, jumping 90% to a 3.24 SOL floor
• The McDonalds x Doodles collab information is reported to drop this morning (so be on the lookout)

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Around Crypto and Web3

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

• Crypto majors are green led again by Bitcoin; BTC +3.6% at $91,000, ETH even at $3,170, SOL +3% at $214; all of the top 7 biggest movers were memes
• Memecoin majors are very green following PEPE's Coinbase listing; DOGE +1 at $0.391, SHIBA +3%, PEPE +56%, WIF +30% (also got Coinbase listing), BONK +11%, PNUT +35%, POPCAT +24%
• Elon praised DOGE's flat inflation rate as a "Feature, not a bug" in a response to a tweet about its tokenomics
• Senator John Thune was elected to serve as Senate Majority Leader, important because Thune is considered pro-crypto, has backed crypto bills in the past and is expected to help drive crypto regulatory change.
• IBIT saw $5B in trading volume on the day as the ETFs pick up speed
• Coinbase added both WIF and PEPE to its platform on Wednesday, leading to a temporary surge in both; meanwhile Coinbase soared to the #1 finance app on iOS
• Robinhood listed PEPE as well along with several other coins it had delisted (i.e. Solana)
• Polymarket is facing a Department of Justice probe into their users, which also resulted in a raid on founder Shayne Coplan's home
• Bitwise acquired Attestant, a non-custodial Ethereum staking provider with $4 billion in staked assets
• Meanwhile Bitwise's chief investment officer Matt Hougan believes Bitcoin can run to $500k, a sentiment shared by Mike Novogratz on CNBC yesterday
• NFL Player Odell Beckham Jr. taunted the anti-crypto crowd, boasting about taking his salary in Bitcoin and showing the chart

🚀 Memecoin Movers 

• $OBOT (+35000% to $30M market cap, SOL)
• $🦅 (+30000% to $17M market cap, SOL)
• $LESTER (+9700% to $10M market cap, SOL)
• $FRED (+200% to $260M market cap, SOL)
• $SHOGGOTH (+130% to $88M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• The Doge Pound (220%, 0.16 ETH Floor)
• MatrixWorld (200%, 0.18 ETH floor)
• Lo-Fi Pepe (150%, 0.25 ETH)
• CEDEN (80%, 0.06 ETH)
• Peplicator (51%, 0.08 ETH)

🗓 Upcoming Mints and Events

Today is a very busy day of mints and events, mostly in the art sector.

Marfa kicks off so look out for any stealth mints tied to that. Otherwise 0xSerra, ClownVamp, Roope and others all have drops.

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

• Marfa - Kick Of (8:00 a.m. ET)
• 0xSerra x fxhash - Artificial Selection (10:30 a.m. ET)
• Apechain Dinos (11:00 a.m. ET)
• ClownVamp - The Junk Machine (12:00 p.m. ET)
• Roope Rainisto x Mercedes NXT - Symbiosis (12:00 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.d.warner@gmail.com.

MoonPay introduced "MoonPay Balance," a fiat balance feature allowing users to top up accounts and make zero-fee purchases of more than 50 cryptocurrencies.

The Deets

• Instant Purchases: MoonPay Balance offers instant, zero-fee crypto purchases with high approval rates
• Multiple Payment Methods: Users can fund accounts with options like SEPA, Faster Payments, and Open Banking
• Sell and Withdraw: Crypto can be sold back to MoonPay Balance or withdrawn anytime
• UK & EU Availability: Currently available in the UK and EU (excluding Germany), with expansion plans underway

The Bulk

MoonPay's latest feature, "MoonPay Balance," aims to simplify crypto transactions by allowing users to fund accounts with fiat currency. With a loaded balance, users can instantly buy over 50 different cryptocurrencies with no MoonPay fees.

Users can top up their accounts via various payment methods, including SEPA, Faster Payments, and Open Banking. 

In addition to buying crypto, MoonPay Balance allows users to sell assets back into their account or withdraw funds to a bank or supported payment method. The feature is currently available for UK and EU customers (excluding Germany), and MoonPay partners  Phantom, Uniswap, and Bitcoin.com will allow for purchase using MoonPay Balance. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Yesterday President-elect Donald Trump appointed Elon Musk and entrepreneur Vivek Ramaswamy to head the new Department of Government Efficiency (D.O.GE).

The agency's mission is to streamline government operations, cut costs, and increase accountability. 

Trump promised this on the campaign trail and is making it a reality.

He went on to call this potentially "The Manhattan Project" of our time, while Elon commented "This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people!"

There are massive implications for this decision to U.S. Government operations, to the deficit and likely to all American citizens.

But the more immediate implications were felt in the crypto memecoin market.

Market Impact

So if you haven't picked up on it yet, the name of the new department is DOGE - Elon's favorite memecoin.

Interestingly, it didn't move much though DOGE is hanging out at $0.39 ($57B market cap) and a 3-year high.

But it did impact the 2 new D.O.G.E. memecoins made in the likeness of this department.

• The ETH DOGE meme ran up 125% to $430M market cap
• The Solana DOGE meme ran even harder, up 1500% to $37M

Massive moves.

But they weren't alone.

PNUT, the Squirrel-turned mascot of the right and touted frequently by Elon himself, ran to an insane $1.3B market cap overnight. That was a +200% move on the day and it's now up over 13x in 2.5 days.

Just insane action and gains to be made by those holding.

Why It Matters

As I mentioned above, there are massive implications to everyone in the U.S. based on this announcement.

But I'll leave that to the political and economic experts.

I'll focus on the memecoin market.

A new trend is clear - any major event or news item is being memed and tokenized. These DOGE memes tied to the new department are only a few months old (the Solana one is less than 2 weeks old). 

And they're running to insane valuations.

This is only going to increase this cycle, not decrease.

It presents a big opportunity for those who are interested in trading memes to find potential high-attention memes like DOGE and trade them.

And if you missed this one, don't worry - there will be many more to come.

Now you just have to go find them...

🚚 What else is happening in NFTs?

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

• Ethereum led NFT trading volume with $8.8M on the day; Bitcoin was next with $8.7M, and then Solana with $5.2M
• ETH NFT leaders were green; Punks +1% at 29.4 ETH, Pudgy +4% at 9.69 ETH, BAYC -1% at 11.3
• Doodles soared 50% to 2.2 ETH after teasers of their new collab with McDonalds were shared on the McDonalds X account
• The Undead (+240%), Loot (+140%) and Space Doodles (+65%) led notable top movers
• BTC NFT leaders were very red giving back recent gains; Bitcoin Puppets -21% at 0.17 BTC, NodeMonkes -15% at 0.135 BTC, OMB even at 0.159, Quantum Cats -5% at 0.206; Bitcoin Wizards (+22%) were top movers
• The Runes leaders were mostly red; DOG -9% at $375M mc, PUPS -4% at $280M, GIZMO even at $54M mc, BDC -15% at $106M
• A FWOG NFT sold for 250 SOL, the 2nd NFT to sell for that amount or more on the day
• The Tensor team introduced Vector dot Fun, their new trading platform aimed at redefining SocialFi; Vector is mobile-first, multi-chain and built around the social nature of crypto
• Jack Butcher and his partner Jalil saw 150,000 mints on their latest open edition "Artifacts" drop on ETH
• Raoul Pal shared that he has acquired XCOPY's "Last Selfie" piece for an undisclosed amount

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Around Crypto and Web3

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

• Crypto majors are mixed led by Bitcoin; BTC +1% at $88,000, ETH -3% at $3,170, SOL -1% at $207; SUI (+7%) and OM (+5%) were notable alt movers
• Memecoin majors are mostly green following DOGE; DOGE even at $0.387, SHIBA -7%, PEPE +3%, WIF +3%, BONK +22% (got Binance listing), PNUT +250%, POPCAT -6%
• PNUT was the top meme mover of the day jumping 250% to $1.4B after Elon said it and DOGE saved democracy
• Trump's top pick for Treasury Secretary Scott Bessent is a supporter of the U.S. establishing a Bitcoin Strategic Reserve
• Coinbase launched its Coinbase 50 Index including the top 50 eligible crypto tokens weighted by market cap
• Solana announced the winners of its Radar Hackathon across Instractrusture, DAOS, DePIN, Gaming and more categories
• Dogecoin ETFs may be coming based on historical applications and the political regime change
• Stablecoins have added over $5B in market cap in the past week, indicating capital inflows

🚀 Memecoin Movers 

• $DOGE (+1500% to $35M market cap, SOL)
• $FRED (+355% to $94M market cap, SOL)
• $PNUT (+269% to $1.5B market cap, SOL)
• $DOGE (+100% to $440M market cap, ETH)
• $MIST (+70% to $31M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• The Undead (240%, 0.47 ETH Floor)
• The Saudis (200%, 0.05 ETH floor)
• Loot (140%, 0.25 ETH)
• Space Doodles (65%, 2.79 ETH)
• Dooplicator (53%, 0.08 ETH)

🗓 Upcoming Mints and Events

Today is a busier day of mints mostly focused in the art sector.

Sara Smith, Harto, Rik Oostenbroek and more have drops today across different chains.

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

• Memes by 6529 (11:00 a.m. ET)
• Sara Smith - Rainbow (12:00 p.m. ET)
• Harto - Atlas (12:00 p.m. ET)
• Rik Oostenbroek - Verloop (12:00 p.m. ET)
• Petra Cortright x Verse (1:00 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.d.warner@gmail.com.

Animoca Brands raised an additional $10 million to build out Mocaverse, its flagship NFT project and web3 adoption engine, as part of its vision for a more connected crypto ecosystem.

The Deets

• Mocaverse Growth: New funding supports scaling Mocaverse, Animoca’s interoperable identity system for Web3.
• Strategic Investors: OKX Ventures, CMCC Global, and Decima Fund are among the backers.
• Focus on Mass Adoption: Mocaverse enables large ecosystems to onboard millions of users through Web3-based identity and reputation features.
• Key Partnerships: Recent partnerships with Anime Foundation, MyAnimeList, and TON Foundation expand Mocaverse’s reach to 900 million users across Telegram, anime, and sports communities.

The Bulk

Animoca Brands, a major player in the blockchain space, continues its commitment to driving mass adoption of Web3 technology through Mocaverse. This interoperable infrastructure layer, which focuses on identity, account, and reputation systems, is designed to support consumer crypto adoption on a large scale. Mocaverse’s $10 million funding round, backed by heavyweights like OKX Ventures and CMCC Global, will accelerate the development of the Moca Network, a decentralized ecosystem aimed at connecting users across diverse digital communities.

The new funds will bolster Mocaverse's initiatives, such as the Realm SDK, a tool allowing Web3 developers to create reputation-based ecosystems compatible with Mocaverse. Additionally, Mocaverse has introduced Moca ID, an on-chain identity system that has gained significant traction, with over 1.79 million IDs registered and 160 Web3 activations involving prominent names like Pixels, BLOCKLORDS, and Trust Wallet.

Partnerships with the Anime Foundation, MyAnimeList, and One Football have positioned Mocaverse to tap into 218 million monthly users. These collaborations, alongside a strategic integration with the TON Foundation, bring the potential to engage up to 900 million Telegram users, capitalizing on shared interests across cultural and social verticals.

🎤 Founder Feedback

🔜 What's Next?

As Mocaverse continues its expansion, future partnerships will focus on onboarding communities across gaming, sports, and social platforms. Animoca’s vision is to integrate Web3 into everyday digital interactions, aligning with its mission to advance digital property rights.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

It jumped more than 10% from $80,000 to $89,000 (nearing $90k at peak), settling this morning at $87,500.

The move came on the back of massive ETF inflows, reaching $1.1B in total on the day driven by $756M from IBIT alone.

That brings Bitcoin to a $1.73T market cap and broader crypto up to $2.93T.

Now all eyes are focused on the magical target of $100k Bitcoin, though Polymarket has the odds of Bitcoin reaching $100k in 2024 at just 60% right now (feels a bit low for a 15% move from here).

What could take it there?

Well Senator Cynthia Lummis is doing her part to help.

Yesterday she officially drafted the Bitcoin Strategic Reserve bill which would have the U.S. government buy 200,000 Bitcoin per year for 5 years in a row to accumulate 1M Bitcoin by 2030.

That bill, if it even comes close to being passed, would move markets significantly. Nation states would race to buy Bitcoin, along with major companies.

None of us are bullish enough.

Market Impact

It wasn't just Bitcoin that saw ETF inflows.

ETH had its own record-breaking day with $296M in net inflows, nearly triple its previous ATH. That brings the ETH overall ETF outflows down to $28.7M - meaning they may finally flip net positive as soon as today.

That will be a huge milestone for the ETH maxis out there - the institutions are finally coming for your ETH.

But the biggest winner of the which felt the biggest impact of the Bitcoin move was DOGE.

The leading memecoin soared another 37% to $0.40 and $59B in market cap, now up 133% on the week.

Other meme leaders were a bit more mixed on the day, though most were green.

Bitcoin-related stocks pumped on the move:

• MicroStrategy +25% to $340 ($69B mc) and a new 24-year high
• Coinbase +20% to $324 ($81B mc) and just 5% off its ATH

The Bitcoin NFT ecosystem felt the pump as well, with the leading Ordinals all jumping 10-20% led by Bitcoin Puppets now at 0.23 BTC.

Why It Matters

Retail is about to capitulate into Bitcoin and the crypto ecosystem.

Monday was the signal.

The $725B asset manager Bernstein told investors to buy Bitcoin and crypto "as soon as possible."

And the price going higher is reflexive. It's a feedback loop. The higher the price, the safer it seems (also the Lindy effect).

It becomes even safer at $100k.

And as a reminder, when mainstream buys, they hold for years with a conscious eye on capital gains taxes. These aren't your degen memecoin trader looking for a 15% scalp and moving on.

Higher, for longer.

🚚 What else is happening in NFTs?

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

• NFT volume soared by nearly 100% with Ethereum leading NFT trading volume with $12.5M on the day; Bitcoin was next with $8.7M, and then Solana with $5M
• ETH NFT leaders were green led by Punks; Punks +10% at 29 ETH, Pudgy +4% at 9.35 ETH, BAYC +6% at 11.4
• Lasogette (+70%), Doodles (+26%) and Project Aeon (+26%) led notable top movers
• CryptoPunks saw 35 sales in their biggest day in weeks with the floor reaching 29 ETH
• BTC NFT leaders were very green; Bitcoin Puppets +25% at 0.227 BTC, NodeMonkes +8% at 0.158 BTC, OMB +9% at 0.159, Quantum Cats +8% at 0.216; Bitcoin Frogs (+49%) and Based Angels (+60%) were top movers
• The Runes leaders were mixed led by GIZMO; DOG -9% at $403M mc, PUPS +3% at $290M, GIZMO +40% at $55M mc, BDC -5% at $123M
• Zereborn NFTs launched on Solana, minting for 0.1 SOL and running to 1.5 SOL at peak before retracing to 0.7
• Blur had a governance proposal submitted to turn a $BLUR fee switch on
• A FWOG NFT from The Pond collection sold for 259 SOL ($57,000)

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Around Crypto and Web3

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

• Crypto majors are mostly green led by Bitcoin; BTC +5% at $87,000 (hit close to $90k overnight); ETH +2% at $3,240, SOL -4% at $208; WLD (+8%) and RENDER (+8%) were notable alt movers
• Memecoin majors are mostly green following DOGE; DOGE +30%, SHIBA even, PEPE +4%, WIF -6%, POPCAT -7%, and BONK +14%
• The odds of Bitcoin hitting $100k in 2024 hit a new high of 63% on Polymarket
• MicroStrategy stock hit a 24-year high on the back of the Bitcoin surge at $340
• Coinbase stock soared to $324, now up 75% since Trump was elected
• The Bitcoin ETF inflows reached $1.1B on Monday and ETH saw $295M (new ATH)
• "ETH 3.0" is rumored to be announced this week, with the newest update focused on reducing block time and integrating native zkEVM
• $2B in USDT was minted on Ethereum on Monday
• Spirit Blockchain Capital is aiming to be the MicroStrategy of Dogecoin according to CEO Lewis Bateman with its stock soaring 120% over the past week along with the rise of Dogecoin
• FTX sued Binance for $1.76B tied to fraudulent fund transfers in a deal to buy Binance's equity stake

🚀 Memecoin Movers 

• $MIST (+16,000% to $20M market cap, SOL)
• $HAPPY (+69% to $84M market cap, SOL)
• $FRED (+60% to $20M market cap, SOL)
• $BAN (+47% to $80M market cap, SOL)
• $LUCE (+40% to $125M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Consortium Key (122%, 0.28 ETH Floor)
• Final Forms (100%, 0.16 ETH floor)
• Lasogette (70%, 0.2 ETH)
• Cryptoadz (29%, 0.42 ETH)
• Doodles (25%, 1.68 ETH)

🗓 Upcoming Mints and Events

Today is a busier day of mints, spanning art, PFPs and mint passes across chains, though without major highlights.

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

• Sh/apes (11:00 a.m. ET)
• Chimpers - Diamond Fleece Mint Pass (12:00 p.m. ET)
• Arcades(12:00 p.m. ET)
• Rare Scrilla x Kane Mayfield - 42069 (12:00 p.m. ET)
• Paul Prudence x Verse (1:00 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.d.warner@gmail.com.

Split Capital introduced a governance proposal to enable a "fee switch" on the Blur NFT Marketplace, potentially adding a new revenue opportunity. 

The Deets

• Fee Structure: Proposal suggests adding a 0.5% protocol fee on each trade on Blur. 
• Tokenomics Update: Introduces two tokens—$BLUR for utility and $veBLUR for governance.
• Incentives: Season 4 rewards 30 million $BLUR to active traders; $veBLUR holders would gain voting rewards.
• Collection Voting: $veBLUR holders could vote on collection-specific multipliers to direct rewards.

The Bulk

The proposal from Split Capital would mark a notable shift in the Blur NFT Marketplace’s operations, where trades have previously incurred 0% fees. By implementing a 0.5% protocol fee on each trade, the proposal aims to enhance platform sustainability while directing fees to vote-escrowed BLUR (veBLUR) token holders, rewarding long-term participants.

The proposed system revamps Blur’s tokenomics by introducing $BLUR for utility and $veBLUR for governance. While $BLUR tokens fuel the platform's incentives, $veBLUR would empower holders to vote on key decisions, including trading fee allocation and collection rewards.

Additionally, in this scenario, $veBLUR holders would be avle to vote to adjust collection multiples for specific NFT projects, like Azuki or Bored Ape Yacht Club. These voting powers allow holders to influence reward distribution, driving liquidity to collections they favor and enhancing market depth.

❗Why It Matters

Turning on the "fee switch" has long been a topic of debate for protocols with governance tokens and this does not mark the first instance in which the fee switch was suggested for Blur, aiming to provide a more substantiative utility to the Blur token. 

🔜 What’s Next?

With Season 4 underway, Blur's community is encouraged to engage in ongoing discussions around the proposal prior to it moving towards an official DAO vote. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Token Mill, a new token creation platform from the decentralized exchange LFJ (previously known as Trader Joe, will launch on Solana this week. 

The Deets

• Bonding Curve AMM (BCAMM): Token Mill utilizes a bonding curve AMM, allowing creators to set token distribution and trading fees on unique curves.
• Earn and Stake: Users can earn fees by launching tokens, participating in staking, and referring others to the platform.
• Vesting Locker: Projects can allocate and lock tokens for vesting, adding an extra layer of project security and customization.
• Community Flywheel: Aligned incentives among creators, stakers, and referrers drive platform growth and engagement.

The Bulk

Token Mill introduces a new token creation standard on the Solana blockchain through its Bonding Curve AMM (BCAMM) model. Designed for easy and secure token creation, Token Mill’s aims to empower users to launch, manage, and grow tokens with tailored settings.

Token creators can set up custom token parameters, including trading fees and vesting periods through a built-in locker, enhancing security and project sustainability. Additionally, users benefit from staking capabilities, enabling token holders to earn a share of generated trading fees without exposure to impermanent loss (IL).

🔜 What's Next?

An official launch date has not been shared, but Token Mill is expected to go live on Solana mainnet this week. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

• Ethereum led NFT trading volume with $6.8M on the day; Bitcoin was next with $5.3M, and then Solana with $2M
• ETH NFT leaders were mixed but closed a green week; Punks +2% at 26.5 ETH, Pudgy +1% at 9 ETH, BAYC even at 10.65, Milady -1% at 5.15, Azuki -1% at 4.75
• Band Bears (+23%) and Mocaverse (+20%) led notable top movers
• BTC NFT leaders were very green; NodeMonkes +19% at 0.143 BTC, Puppets 27% at 0.183 BTC, OMB even at 0.143, Quantum Cats +2% at 0.2; RSIC were a top mover +35% to 0.0073 BTC
• The Runes leaders were also green; DOG +3% at $440M mc, PUPS +7% at $286M, GIZMO +17% at $40M mc, BDC +11% at $123M
• Solana NFTs were mixed on the day; Mad Lads even at 32 SOL, SMB Gen 2 +4% to 14.4, DeGods +1.5% at 10.55
• Doodles teased a new Stoodio where users will be able to quest, craft, trade, chat, and earn rewards

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Around Crypto and Web3

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

• Crypto majors are green led by SOL; BTC +2% at $82,100 (new ATH); ETH -1% at $3,200, SOL +5% at $217; CRO (+17%) and ONDO (+16%) were top alt movers on the day
• Memecoin majors are mega-green; DOGE +20%, SHIBA +11%, PEPE +3%, WIF +21%, POPCAT +14%, and MOG -5%
• Binance announced surprise spot listings for PNUT and ACT which soared 320% and 1600% respectively on the news
• Doge hit a new 3-year high at $0.29 and a $42B mc (highest since Oct 2021)
• Sui soared 70% on the week leading Alts
• Coinbase rolled out a "Get50" campaign giving users $50 in Bitcoin 
• HashKey Capital and Decrypt have launched Layer East Media, a collaborative network that unites Asia-Pacific’s leading Web3 publications to support Western projects in successfully navigating the region

🚀 Memecoin Movers 

• $CENTS (+15,000% to $41M market cap, SOL)
• $ACT (+1600% to $380M market cap, SOL)
• $PNUT (+330% to $450M market cap, SOL)
• $FRED (+200% to $16M market cap, SOL)
• $PIPPIN (+140% to $39M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Tiny Astro (29%, 0.18 ETH Floor)
• Body Machine (75%, 0.75 ETH floor)
• Yayo (31%, 0.23 ETH)
• Topia (27%, 0.37 ETH)
• alignDRAW (25%, 1.38 ETH)

🗓 Upcoming Mints and Events

Today is a slower day of mints and events to start the week, mostly focused in art.

Jake Fried has an Outer Reaches phygital drop, Verse has 2 artists minting collections and then Jake Andrew is the meme card artist.

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

• Ordinal Degenz (9:00 a.m. ET)
• Memes by 6529 (11:00 a.m. ET)
• Jake Fried - Outer Reaches (12:00 p.m. ET)
• Petra Cortright & Zuka Kipiani x Verse (1:00 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.d.warner@gmail.com.

On Thursday, IBIT saw $1.12B in inflows, surpassing its previous record of $872M set on October 30.

The ETFs overall brought in $1.37B on the day in net inflows.

IBIT's net asset value now stands at $34.2B on the back of Bitcoin's rise to $76,000.

The Ethereum ETFs also saw their biggest day in a long time with $80M in net inflows, though Fidelity actually saw more ($28M) than BlackRock ($23M).

Why It Matters

JP Morgan analysts have come out and said they expect the BTC price to soar over the next 8 weeks, similar to how the Trump trade played out in 2016.

That's probably the consensus view at this point.

It's hard to stress this enough for those outside the crypto bubble - this is the single-best set up crypto has ever had.

Bitcoin ran to ATH in 2024 with a Biden admin that was objectively very anti-crypto (see Operation Chokepoint).

Now it has what is likely to be a friendly President and the most friendly Congress it has ever had (thanks to Fairshake).

The ETFs are soaring, the bankers are ready to pitch crypto majors to their clients, Congress is crypto-friendly and we are likely heading into an inflationary environment.

That means one thing - up and to the right...

🤔 If Gary Gensler Is Fired - Who's Next Up?

"You're fired."

That's what the crypto sector expects Trump to say to Gary Gensler on Day 1 of his presidency.

At least that's what he promised the crowd at Bitcoin Nashville back in July.

Assuming he does it - who's going to replace him?

What Happened?

Trump has vowed to replace Gensler, promising to end what he calls an "anti-crypto crusade."

Gensler, appointed by President Biden, is not due to leave his position until 2026, but analysts believe he might resign amidst the impending political shift.

Many would love it to be Hester Peirce, known as "Crypto Mom" for her industry-friendly stance, although the latest word is she may not want the chair position.

Here's the current list of potential candidates and a bit about them:

• Mark Uyeda: Another SEC Commissioner, appointed in 2022, who is considered a viable candidate. He aligns with Peirce on some issues but may bring a different perspective given his background.

• Dan Gallagher: Chief Counsel at Robinhood and a former SEC Commissioner, Gallagher has experience in both regulation and the crypto space, making him a strong contender.

• Chris Giancarlo: Former Chairman of the U.S. Commodity Futures Trading Commission, he has advocated for a clearer regulatory framework for crypto, potentially appealing to industry stakeholders.

• Brian Brooks: Former CEO of Binance US and a key figure in crypto regulation, he has experience in both government and private sector roles in the industry.

Why It Matters

The future of crypto regulation in the U.S. hinges on who takes over the SEC.

Gensler's aggressive regulatory approach has drawn criticism, and a new chair could lead to a more favorable environment for the crypto industry.

Any of these candidates is likely better than Gensler, and as long as they can help craft reasonable regulation for the crypto space in the U.S., they will be applauded.

🚚 What else is happening in NFTs?

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

• Ethereum led NFT trading volume with $5.6M on the day; Bitcoin was next with $2.65M, and then Solana with $2.25M
• ETH NFT leaders were mixed; Punks +2% at 26 ETH, Pudgy +2% at 8.54, BAYC -3% at 10.7, Milady -3% at 4.45, Azuki -1% at 4.92
• CDBs (+42%) and Wassies (+40%) led notable top movers
• BTC NFT leaders were mostly red; NodeMonkes -5% at 0.119 BTC, Puppets -3% at 0.138 BTC, OMB -5% at 0.148, Quantum Cats -5% at 0.21; Bitcoin Wizards were top move +41% to 0.18 BTC
• The Runes leaders were mostly green; DOG -2% at $405M mc, PUPS +20% at $253M, GIZMO +20% at $25M mc, BDC +5% at $91M
• 92% of $PUPS migrated from BRC20 to Runes before the migration deadline, while the remaining supply will be "allocated to distribution efforts"
• SatRepublic completed a $2.75M raise as they prepare to launch SatGo, their native mobile app with full Runes and Rare sat trading, minting & analytics capabilities
• The "Tree of the Bankless" Skull of Luci sold for 100 ETH ($283,500) 
• Art Blocks Curated introduced Poetics of the Infinite, a three-week exhibition featuring generative art by Iskra Velitchkova, Lars Wander, and Zach Lieberman, blending physical and digital forms with weekly releases and auctions for unique artworks.

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and airdrop news from the day:

🌎 Around Crypto and Web3

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

• Crypto majors are green led by SOL; BTC +1% at $75,750; ETH +2% at $2,900, SOL +3% at $197; RAY (+12%) and ADA (+11%) were top alt movers
• Memecoin majors are also green ; DOGE +3%, SHIBA +2%, PEPE +4%, WIF +2%, POPCAT +6%, and MOG -2%
• The Bitcoin ETFs set a smashing new record with $1.37B in inflows on the back of IBIT's $1.12B themselves
• Jerome Powell cut rates another 25 bps in yesterday's FOMC meeting, in line with market expectations (1 more cut expected in December)
• Coinbase launched cbBTC on Solana, its first Solana-based token
• Crypto super PAC Fairshake successfully elected 98% of the candidates they endorsed in the recent U.S. election
• The $DEGEN team alleged issues with Conduit as it attempted migration, indicating it may need to launch a new chain citing that Conduit has "held our rollup keys hostage for months"
• Notable crypto trader and thought leader Cobie has teased this his show "Up Only" will be coming back soon

🚀 Memecoin Movers 

• $DOGE (+150% to $167M market cap, SOL)
• $ZEREBRO (+130% to $62M market cap, SOL)
• $E/ACC (+50% to $28M market cap, SOL)
• $MSTR (+43% to $65M market cap, ETH)
• $MOODENG (+34% to $313M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Emby (55%, 0.15 ETH Floor)
• The Llamas (55%, 0.88 ETH floor)
• Chaos Roads (45%, 0.43 ETH)
• Crytodickbutts S3 (42%, 0.27 ETH)
• Wassies (41%, 0.33 ETH)

🗓 Upcoming Mints and Events

Today is a slower day of mints and events to end the week.

Expect most focus on the booming memecoin sector and any new runners into the weekend.

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

• GeezOnApe (9:00 a.m. ET)
• Memes by 6529 (11:00 a.m. ET)
• Young and Sick - Magical Flowers (11:00 a.m. ET)
• Leafswan - Feelingz (5:00 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.d.warner@gmail.com.

The $DEGEN token team alleged ongoing difficulties with Conduit’s blockchain service, delaying key developments and impacting the community and its L3 in a message shared with the community on Thursday. 

The Deets: Major Frustrations

• Extended Downtime: DEGEN L3 suffered 54 hours of downtime due to an unannounced update from Conduit.
• Community Impact: $160,000 in user funds lost, and bridge volume dropped by over 75% following the incident.
• Ownership Issues: Conduit refused to release rollup keys or take accountability, leading to continued operational delays.
• Unresponsive Support: Attempts to migrate to a new provider have stalled for months due to Conduit’s refusal to sign the migration contract.

The Bulk

The team behind the DEGEN token reports it is navigating serious challenges after Conduit, its current blockchain service provider, caused a chain disruption that resulted in significant community losses. According to a message shared by the team, in August, Conduit implemented an untested update to the DEGEN chain without prior notification.

This action led to 54 hours of downtime, corrupting transaction order and chain state, and ultimately caused the loss of $160,000 in user funds. The chain, previously processing over $200,000 in daily bridge volume, saw this metric decline by 75% following the disruption.

Allegedly, in the aftermath, Conduit not only denied responsibility for the incident but also failed to support the recovery of user funds, offering only six months of free service and an increased rate in return. The team claims it has made multiple attempts to negotiate for the required access to these keys, but negotiations have been consistently delayed or halted.

Back It Up

Conduit initially partnered with DEGEN to manage its blockchain operations, but the team claims it failed to provide the necessary stability and support. 

Founder Feedback

🔜 What's Next?

DEGEN has made plans to create a new chain and compensate holders if Conduit continues to obstruct the migration. The team will update the community on Conduit’s response and any further developments in the transition.

For more web3 and NFT news, visit the Lucky Trader newsfeed.