• Reuters is crediting the recent pump to Trump's comments, pointing to comments from last week where he was asked about the Bitcoin Strategic Reserve and if he would build it and he said "Yeah, I think so."
• Bloomberg is also crediting the pump to Trump and his overall crypto support.
• And new back of the napkin math is showing that a Strategic Bitcoin Reserve could erase 44% of the national debt by 2050 if started in the next year (and if Bitcoin compounds at 25% annually).

The reality of the Strategic Reserve feels more real by the day, and it seems it's being spoken into existence.

What Are They Saying?

Donald Trump's comments from last week: "We're gonna do something great with crypto because we don't want China or anybody else - not just China but others are embracing it - and we want to be the head."

Tony Sycamore, an analyst at IG: "We're in blue sky territory here. The next figure the market will be looking for is $110,000. The pullback that a lot of people were waiting for just didn't happen, because now we've got this news."

Lucas Schweiger, Digital Asset Research Manager at banking group Sygnum: "Campaign promises to make the U.S. ‘the crypto capital of the planet’ might be viewed as political posturing. But the Crypto Advisory Council proposal, along with rumors of Trump meeting several heavyweights of the crypto industry, such as Coinbase CEO Brian Armstrong, sends a signal that the new administration will pay more serious attention to the crypto market and look to understand its potential opportunities for the US economy."

Why It Matters

It feels like we're beyond political posturing at this stage.

When Trump ended his Bitcoin Nashville speech with "Go have fun with your Bitcoins," it did feel like maybe he was just posturing.

But the actions taken since then, to meet with crypto leaders, to appoint crypto-friendly people to his Cabinet, and his repeated pro-crypto comments feel too big to ignore.

And the upside of a potential Strategic Reserve is simply not priced in right now.

The asymmetric bet is on Bitcoin, and crypto growth in America.

There is a good chance that we are literally just getting started...

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $57M on the day; Solana was next with $5.7M and then Bitcoin with $4.7M
• ETH NFT leaders were very green; Punks even at 38.5 ETH, Pudgy -5% at 31, BAYC +6% at 19.4 ETH, Azuki +20% at 10.75; Milady +10% at 6, Doodles +8% to 4.5
• Several other NFTs jumped 30-50% including Elementals, Beanz, Sappy Seals, Hegdies, Bond Bears, Mocaverse and Cool Cats
• Pudgy Penguins saw 3 sales at 100 ETH or higher for Ice Pudgy's, 3 of the top 10 sales of all time
• Skyborne Nexian Gems (+160%), On1 Force (+100%), The Plague (+90%) and Rug Genesis NFTs (+80%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -6% at 0.15 BTC, NodeMonkes +1% at 0.14, OMB -3% at 0.146, Quantum Cats -1% at 0.207
• New Fukuhedrons Ordinals debuted and ran to 0.015 BTC (now 0.01)
• The Runes leaders were mostly red; DOG -2% at $940M mc, PUPS -5% at $180M, BDC -6% at $75M, GIZMO +11% at $26M
• Solana NFTs were mixed led by DeGods (+5%), Claynosaurz (+29%) and Mad Lads (+3%)

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are green this morning after closing a new ATH on the Bitcoin weekly; BTC +1% at $104,000, ETH +1% at $3,920, SOL -2% at $215, XRP -2% at $2.37
• HYPE jumped another 20% on the day to $26, closing a +110% move on the week
• Memecoin majors are red and closed a -10%-20% week; DOGE -2% at $0.395, SHIBA -3%, PEPE -1%, WIF -5%, BONK -3%, MOG even
• Trump's recent strategic Bitcoin reserve comments are being credited for Bitcoin's surge over $105k and to new ATH
• Donald Trump's World Liberty Fi continued to buy ETH DeFi tokens including ONDO
• MicroStrategy made it into the Nasdaq 100 pushing the stock up to $411
• Crypto developer activity is soaring in Asia (home to 32% of total dev activity) where devs largely favor Solana over ETH
• PNUT's owner issued a cease-and-desist letter to Binance accusing them of trademark violations (PNUT -4%)

🚀 Memecoin Movers 

• $MIKU (+3,900% to $10M market cap, SOL)
• $SHITCOIN (+1100% to $12M market cap, SOL)
• $MEMESAI (+80% to $70M market cap, SOL)
• $SANUT (+80% to $20M market cap, SOL)
• $MANA (+60% to $23M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Shadow Wolves (200%, 0.06 ETH Floor)
• Cool Pets (150%, 0.05 ETH Floor)
• Skyborne (130%, 1.33 ETH)
• SupDucks (114%, 0.06 ETH)
• Rug Genesis (107%, 0.16 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.

BlackRock, the world’s largest asset manager, has recommended investors allocate 1-2% of their portfolio to Bitcoin.

Notably, they are one of the biggest Bitcoin buyers in the world for their IBIT (iShares Bitcoin Trust) ETF product, which has now accumulated $35B worth of Bitcoin.

Now they are telling investors they should be allocating too (within reason).

What Are They Saying:

• In the report, BlackRock says that "a reasonable range for Bitcoin exposure" is 1-2%
• BlackRock described Bitcoin as similar to investing in top tech stocks: “Over its short history, Bitcoin has seen both major surges and selloffs. This volatility, plus Bitcoin’s unique characteristics, raises the question of what role it should play in portfolios.”
• The asset manager noted that Bitcoin’s price is driven purely by adoption, without underlying cash flows, and warned that further widespread adoption could stabilize the asset but limit future price increases
• Notable holder and thought leader Fred Kreuger commented on BlackRock's allocation: "BlackRock explicitly says it thinks Bitcoin has similarities with the "Magnificent 7"...The Mag 7 opportunity is ongoing. Bitcoin is super interesting now, but maybe less in a decade. It's hard not reading this report and concluding Bitcoin is where the Mag 7 were a decade ago. And as a reminder, these stocks generally were up 10x, with NVDA and Tesla up much more. If I am an institutional portfolio manager, this report gives me the green light to take a minimum 2% allocation in Bitcoin."

Why It Matters?

Everyday American investors have been told crypto is a scam for a decade.

Now the biggest financial giant in the world is telling them they need 1-2% allocation to Bitcoin and comparing Bitcoin to the Mag 7.

That's a massive signal.

And Fred's insight is even more interesting, highlighting the path to a 10x from here.

The path to a 10x is an infinite TWAP (time-weighted-average purchasing) from 401ks around the world for the next decade (maybe coupled with some rich Nation States buying).

That TWAP is coming.

And BlackRock is telling investors to start now...

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $37M on the day; Solana was next with $6.7M and then Bitcoin with $4.7M
• ETH NFT leaders were mixed after the major run up; Punks -2% at 38.5 ETH, Pudgy -3% at 26.5, BAYC -6% at 18.5 ETH, Azuki -2% at 8.9; Milady -3% at 5.8, Doodles -6% to 4
• The Onchain Heroes Genesis Rings minted out at 0.2 ETH and ran to 2.3 ETH at peak (now 2) with over 1,000 ETH volume
• Treeverse (+160%), Timeless (+134%) and V (+130%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets +8% at 0.17 BTC, NodeMonkes +8% at 0.15, OMB +8% at 0.15, Quantum Cats even at 0.2
• The Runes leaders were mostly red; DOG -6% at $905M mc, PUPS -9% at $228M, BDC even at $94M, GIZMO -3% at $34M
• Solana NFTs were very green led by DeGods (+25%), Claynosaurz (+28%) and Blinks GG (+30%)

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are slightly red this morning; BTC -0.3% at $100,400, ETH even at $3,920, SOL -2% at $226, XRP -2% at $2.38; HBAR, CORE, OP & LDO led alts up 6-10%
• The ETH ETFs have seen $2B in net inflows over the last 10 sessions
• Memecoin majors are also red; DOGE -2% at $0.407, SHIBA -2%, PEPE -4%, WIF -4%, BONK -1%, MOG +1%
• Donald Trump said "We're gonna do something great with crypto" after ringing the NYSE bell on Thursday
• BlackRock is now recommending a 2% allocation to Bitcoin in investment portfolios 
• The State of Texas has introduced a new bill aiming to establish a Bitcoin strategic reserve
• Solana has beat Ethereum in the number of new developers in 2024
• The Chillguy artist's X page was compromised and a series of statements posted which drove major volatily in CHILLGUY price action, now settling at $330M

🚀 Memecoin Movers 

• $GWART (+12,000% to $12M market cap, SOL)
• $DT (+11,000% to $27M market cap, SOL)
• $LINDA (+4,000% to $10M market cap, SOL)
• $MIZUKI (+2,300% to $16M market cap, SOL)
• $blink (+170% to $32M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Sad Times (160%, 0.19 ETH Floor)
• Timeless (133%, 0.21 ETH Floor)
• Emby (130%, 0.15 ETH)
• Cambria Founders (122%, 0.68 ETH)
• V (110%, 1.43 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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 entire NFT leaderboard was washed in green overnight.

Notable movers:

• Pudgy's up another 10% to 27.3 ETH ($107,000)
• Bored Apes up 13% to 19.6 ETH, Mutants up 23% to 3.5
• Azuki up 33% to 9.3 ETH (new local high) with Elementals (+47%) and Beanz (+55%)
• Doodles +84% to 4.6 ETH and a smashing new local high 

All while ETH is up 5% to $3,930.

That means the USD values of the NFTs are up even more.

Truly a glorious sight to see on this Thursday morning, for the NFT believers and enthusiasts.

Total trading volume on the week is up to $155M, the highest its been since March 2024 - but that's not even a good comp because of all the Blur farming.

These buys feel much more organic.

Why It Matters

Many thought that this crypto cycle would play out with the coins running first and NFTs last.

My mental model was that NFTs would have their time in Q4 2025.

I was off by a year.

The explosion in wealth creation in the post-Trump Election crypto world has almost immediately found its way to NFTs.

A few things are happening:

• Traders are hitting big wins and rotating gains to "safer" assets like NFTs (i.e. Punks) to flex
• The PENGU token, and the rise in value of the Pudgy Penguin NFTs after the announcement, has many speculating on other NFTs which may also drop tokens
• Some are farming a potential OpenSea airdrop

The best news in all of this?

It still feels early.

If crypto continues to pump through deep 2025, there's no reason to think NFTs won't pump alongside.

NFTs are back, and we have a lot of room to run...

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $51M on the day; Solana was next with $6.7M and then Bitcoin with $4.15M
• ETH NFT leaders were washed in green; Punks +1% at 39.5 ETH, Pudgy +10% at 27.3, BAYC +10% at 19.6 ETH, Azuki +34% at 9.2; Milady +18% at 6.4, Doodles +68% to 4.2
• Pudgy Penguins reached a $100k floor for the first time in their existence, now at $107,000
• Dooplicator (+70%) and V (+70%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -1% at 0.16 BTC, NodeMonkes -6% at 0.14, OMB -6% at 0.139, Quantum Cats even at 0.2
• The Runes leaders were mixed; DOG +5% at $960M mc, PUPS -5% at $248M, BDC -11% at $94M, GIZMO -13% at $35M, CYPHER even at $17M
• Mocaverse announced a 2nd Moca-airdrop for Mocaverse stakers

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are very green this morning; BTC +2% at $100,500, ETH +6% at $3,930, SOL +2% at $230, XRP +2% at $2.41
• Alts had a huge day with AAVE (+30%), SUI (+25%), HYPE (+25%) LINK (+20%) and UNI (+18%) leading
• Memecoin majors are green; DOGE +2% at $0.41, SHIBA +4%, PEPE +5%, WIF +4%, BONK +4%, MOG -7%; PNUT soared 15% after Coinbase announced it would list
• Ray Dalio said he prefers "hard money" assets like Gold and Bitcoin as major economies face a looming debt crisis
• Trump's confidant Paul Manafort said BTC holders will be “celebrating much higher [than $100,000] very soon I think" at the Abu Dhabi Bitcoin conference
• Trump's World Liberty Finance sparked alts by buying ETH, LINK and AAVE
• Vancouver passed a motion to become a "Bitcoin-friendly city" and explore its potential use cases
• Solana announced an 8-city takeover in the US in 2025 to help accelerate crypto innovation in the US

🚀 Memecoin Movers 

• $PULSR (+12,000% to $13M market cap, SOL)
• $BLINK (+12,000% to $16M market cap, SOL)
• $DAPE (+6,000% to $15M market cap, SOL)
• $BGG1 (+220% to $13M market cap, SOL)
• $GRIFFAIN (+50% to $232M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Doodles (85%, 4.58 ETH Floor)
• Alienfrens (80%, 0.11 ETH Floor)
• Dooplicator (73%, 0.14 ETH)
• V (72%, 0.68 ETH)
• On1 Force (59%, 0.18 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.

Binance, the world’s largest cryptocurrency exchange, has partnered with Circle, the issuer of the USDC stablecoin, to increase global adoption of USDC.

The announcement was made early this morning during Abu Dhabi Finance Week.

Binance will integrate USDC more broadly into its platform for trading, saving, and payments and make USDC its primary stablecoin for treasury operations.

Going even further, Binance is set to adopt USDC as the primary stablecoin in its treasury (versus alternatives like USDT or BUSD).

Circle will provide Binance with tech and liquidity to help it improve its exchange and services.

What Are They Saying?

• Binance described adopting USDC as a treasury asset as “a powerful signal about the world moving on-chain.”
• The collaboration aims to “support the development of the global digital assets and broader financial services ecosystem.”
• USDT is a "disaster for consumers waiting to happen" according to Consumers' Research

Why It Matters?

This partnership signals a major shift in the stablecoin landscape.

Binance is moving away from its previously favored BUSD stablecoin and USDT, both of which have faced regulatory hurdles.

By aligning with Circle and its regulatory-compliant USDC, Binance strengthens its position in key markets like the EU, where Circle already holds a MiCA-valid license. 

It strengthens USDC's position in the stablecoin market (USDT still leads $139B in market cap to $41B for USDC).

And long term, it likely strengthens the US dollar's place in the world as crypto continues to proliferate and the onchain revolution begins.

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $25.6M on the day; Bitcoin was next with $6.6M and then Solana with $5.5M
• ETH NFT leaders were mixed again with Pudgy leading; Punks +1% at 39.3 ETH, Pudgy +9% at 24.85, BAYC -6% at 17.75 ETH, Azuki +1% at 6.9; Milady -2% at 5.1
• Lil Pudgy jumped 18% to 2.88 ETH and Pudgy Rogs jumped 43% to 1.39 ETH, both new ATHs
• KIP (+70%) and Alien Frens (+67%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets -11% at 0.16 BTC, NodeMonkes +1% at 0.149, OMB +4% at 0.149, Quantum Cats even at 0.2; Nat Cats led +30% to 0.026
• The Runes leaders were very green; DOG +13%% at $930M mc, PUPS +10% at $260M, BDC -11% at $104M, GIZMO +15% at $39M, CYPHER even at $17M
• 9dcc introduced its Black Boxes featuring connection fashion and a rare CryptoPunk
• Claynosaurz introduced a new collector's achievement and staking system for collectors 

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are green this morning in a welcome rebound; BTC +1% at $98,300, ETH -1% at $3,710, SOL +4% at $225, XRP +6% at $2.36; BGB & RAY were top alt movers up 20% each
• Memecoin majors are mixed; DOGE -2% at $0.4, SHIBA +1%, PEPE -7%, WIF +2%, BONK -1%, MOG even
• Microsoft shareholders voted against buying Bitcoin for the tech giant's balance sheet
• Goldman Sachs' CEO said they would evaluate entering crypto markets if regulators permit
• Trump plans to give attention to the price of Bitcoin on an ongoing basis, according to Axios reports, and his son Eric Trump predicted Bitcoin will go to $1M
• Meanwhile Bloomberg Editorials shared a story calling a Bitcoin Reserve "the biggest crypto scam yet"
• Binance and Circle enter strategic partnership to accelerate global USDC and crypto adoption
• Ripple's stablecoin received final approval from the NYDFS, currently in test mode on Ethereum and XRP Ledger

🚀 Memecoin Movers 

• $ARC (+42,000% to $37M market cap, SOL)
• $MANA (+11,000% to $20M market cap, SOL)
• $PATO (+8,500% to $16M market cap, SOL)
• $ALPHAPEPE (+5,800% to $18M market cap, SOL)
• $PNET (+1,300% to $16M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• KIP Protocol (67%, 0.12 ETH Floor)
• Alien Frens (67%, 0.1 ETH Floor)
• Mintify Genesis (55%, 0.07 ETH)
• Pudgy Rogs  (42%, 1.38 ETH)
• Jarritos (32%, 0.31 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.

• CEO Jack Lu likens Magic Eden to "an on-chain Binance"
• Binance announces a day 1 listing
• The ME token soared 45% to $5.80 on Whales pre-market with $4.75M in volume on the day

I'll get to the tokenomics and money part in a bit.

But this Binance comparison is the key here.

The Magic Eden vision is to trade all assets on all chains on their app.

They have effectively pulled this off for Bitcoin (with Ordinals and Runes trading available), but haven't touched the token side of chains like ETH or Solana.

That is a huge market to tap into, and with their $ME token incentives for app usage, they will have one big lever to pull to get new users.

Tokenomics

For a quick overview of the ME tokenomics:

• 1B total tokens
• 125M for airdrop 1
• 225M for future airdrops
• 262M for contributors (with majority locked for 18 months)
• 236M for strategic participants with a 12 month min lock

So with the token trading at $5.80, that means this is a $700M airdrop (and ME will trade at $5.8B FDV).

Of course, we all need to take pre-market prices with a grain of salt and they have been historically high by 30-40% or more.

But the MOVE token launched on Binance yesterday and opened at $10B FDV - so 11 figure launches are happening in this market.

Why It Matters

Magic Eden is not without its issues.

The runes trading experience is clunky. They don't have much ETH NFT market share at all. And their airdrop rollout rubbed about half of market participants the long way.

But per Jack Lu's note yesterday "Growth solves all problems."

If Magic Eden can pull off their vision, and/or if the token can pump similar to other recent launches - all problems will be forgiven.

We will find out soon.

Good luck today!

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $20M on the day; Bitcoin was next with $3.5M and then Solana with $2.9M
• ETH NFT leaders were mixed again with Pudgy leading; Punks even at 39 ETH, Pudgy +3% at 22.9, BAYC -4% at 19 ETH, Azuki -4% at 6.8; Milady -1% at 5.15
• Realiti (+80%) and Creepz (+30%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets -4% at 0.18 BTC, NodeMonkes +3% at 0.147, OMB +2% at 0.143, Quantum Cats even at 0.2
• The Runes leaders were mostly red; DOG -5% at $820M mc, PUPS -9% at $235M, BDC even at $118M, GIZMO -10% at $33M, CYPHER -20% at $17M

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are red this morning after a massive night of liquidations; BTC -1% at $97,600, ETH -3% at $3,740, SOL -5% at $216, XRP -8% at $2.20; MOVE & VIRTUALS were top alt movers
• The Crypto market saw $1.4B in liquidations after yesterday's dip, the largest since 2021
• Memecoin majors are very red; DOGE -5% at $0.408, SHIBA -10%, PEPE +1%, WIF -13%, BONK -12%, MOG -9%
• A memecoin tied to Luigi Mangione, the suspect in the shooting of the United Healthcare CEO, was the runner of the day on Solana yesterday, reaching $50M on $150M+ volume (now $20M)
• Saylor and MSTR acquired another $2.1B in Bitcoin at an average price of $98,783
• Riot announced a $575B convertible bond issuance to buy more Bitcoin

🚀 Memecoin Movers 

• $LUIGI (+24,000% to $24M market cap, SOL)
• $MIKO (+13,000% to $75M market cap, SOL)
• $GRIFFAIN (+130% to $174M market cap, SOL)
• $AIMONICA (+85% to $10M market cap, SOL)
• $TSOTCHKE (+80% to $23M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Wrapped Cryptocats (140%, 1.9 ETH Floor)
• Realiti (80%, 1.8 ETH Floor)
• Synthetic Dreams (65%, 3.95 ETH)
• HV MTL (60%, 0.04 ETH)
• Creepz (27%, 2.35 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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 U.S. Treasury officially referred to Bitcoin as "digital gold" in a recent report, acknowledging its primary use as a store of value in decentralized finance.

This statement followed Bitcoin’s price crossing the $100,000 milestone, clearly a very significant milestone.

Other highlights from their report:

• Rapid growth in digital assets including Bitcoin, Ethereum and stablecoins
• To date, adoption has been limited to investment purposes
• Digital asset market cap is low relative to other asset classes 
• Use cases for digital assets are progressing on two tracks - store of value (i.e. Bitcoin) and improving legacy financial markets via blockchain and distributed ledger technology 

What Are They Saying:

• The Treasury report stated: "The primary use case for bitcoin seems to be a store of value aka 'digital gold' in a decentralized finance (DeFi) world; speculative interest seems to have played a prominent role in the growth of digital tokens thus far."
• Federal Reserve Chair Jerome Powell earlier echoed similar sentiments, saying Bitcoin is "just like gold, only it’s virtual," adding that "It’s highly volatile. It’s not a competitor for the dollar, it’s really a competitor for gold."
• Peter Chung, head of research at Presto Research, commented: "Bitcoin crossing $100,000 is an incredibly important milestone from a psychological perspective as people are programmed to think in 10s. With bitcoin hitting $100,000, expect to see a lot of general interest pick up from individuals and broader media attention as well."

Why It Matters:

Slowly, then all at once.

It's no coincidence that as soon as Bitcoin hit $100k the narrative machine moved into overdrive.

The Lindy effect has fully kicked in. Bitcoin isn't going to 0. It's too valuable now.

And the more major players that acknowledge Bitcoin as "digital gold," the more the message will propagate and drive adoption.

It's a simple message to understand and makes Bitcoin stand out against other crypto assets (which require a bit more of a learning curve).

$100,000 is just the beginning...

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $28M on the day; Bitcoin was next with $7.7M and then Solana with $2.8M
• ETH NFT leaders were mixed with Pudgy leading; Punks -2% at 39 ETH, Pudgy +5% at 22.2, BAYC -2% at 19.7 ETH, Azuki -2% at 7.05; Milady -18% at 5.2
• Pudgy Penguins saw several grail sales in the past day including a 50 ETH Pudgy Man, a 45 ETH Gold and a 30 ETH Star-eyed
• The Milady's $CULT token dropped on Sunday evening and opened at a $650M mc
• Ninja Squad (+70%) and Sugartown Oras (+50%) led notable top movers
• BTC NFT leaders were very green; Bitcoin Puppets +13% at 0.19 BTC, NodeMonkes +12% at 0.142, OMB +9% at 0.14, Quantum Cats +8% at 0.2
• The Runes leaders were mostly green; DOG even at $840M mc, PUPS even at $255M, BDC +7% at $118M, GIZMO +30% at $37M, CYPHER +10% at $21M
• An Ether Rock sold for 235 ETH ($945k) over the weekend

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are red this morning after Bitcoin made its highest-ever weekly close last night; BTC -1% at $98,400, ETH -3% at $3,60, SOL -4% at $227, XRP -7% at $2.39
• Most alts were red on the day with only LEO (+3%) in green
• Memecoin majors are very red; DOGE -5% at $0.433, SHIBA -7%, PEPE -2%, WIF -10%, BONK -6%, MOG +1%
• PEPE briefly hit a new ATH at $11.5B on Sunday before retracing this morning (now $10.5B)
• The US Treasury compared Bitcoin to digital gold in a recent report, stating that the "primary use case for Bitcoin seems to be a store of value aka digital gold"
• Amazon shareholders have asked their board to review the purchasing of Bitcoin for their treasury
• Financial Times references memecoins soaring in value, superficially mentions Chillguy, PNUT, BONK & PEPE

🚀 Memecoin Movers 

• $JAIL (+14,000% to $15M market cap, SOL)
• $APPLE (+600% to $26M market cap, SOL)
• $REALIS (+80% to $33M market cap, SOL)
• $CULT (+50% to $635M market cap, ETH)
• $PATRIOT (+50% to $10M market cap, ETH)

📈 NFT Floor Price Increase (ETH)

• Closed Circuit (120%, 15.5 ETH Floor)
• Ninja Squad (67%, 0.27 ETH Floor)
• Synthetic Dreams (65%, 3.95 ETH)
• Sugartown Oras (47%, 0.11 ETH)
• Deep Black (40%, 1.05 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.

At the New York Times DealBook Summit yesterday, Federal Reserve Chairman Jerome Powell described Bitcoin as a rival to gold, not the U.S. dollar.

He likened Bitcoin to "digital gold," stating:

"Bitcoin is not a competitor for the dollar, it’s really a competitor for gold."

Powell did go on to make further comments saying that due to its speculative nature it's not a store of value (up for debate).

But the (good) damage had already been done, as everyone got their market cap calculators out and did the math of what Bitcoin would be worth at Gold's market cap.

The answer? 

$906,000 for 1 Bitcoin 🤯

Why It Matters:

Powell's comments are just the latest signal of Bitcoin's potential.

Many on CT and elsewhere have been calling it "digital gold" for a long time now, and the obvious replacement for the next generations.

But hearing the Chairman of the Federal Reserve say it hits harder.

And whether it was a pure coincidence or not, his comments were the final springboard needed to get Bitcoin past the $100k barrier.

Now that it's past - FOMO kicks in.

The clock is ticking for those on the sidelines to get in, and the Lindy effect is stronger than ever.

Welcome to Bitcoin mania.

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $21.2M on the day; Bitcoin was next with $3.6M and then Solana with $2.2M
• ETH NFT leaders were very green with BAYC & Pudgy leading; Punks +1% at 44.4 ETH, BAYC +10% at 22.2, Pudgy +6% at 15.77 ETH, Azuki +52% at 5.85
• The Currency (+40%) and Imaginary Ones (+30%) led notable top movers
• BTC NFT leaders were mixed; Bitcoin Puppets -5%, NodeMonkes +6%, OMB -4%, Quantum Cats +9%
• The Runes leaders were red; DOG even at $692M mc, PUPS -2% at $262M, BDC +1% at $115M, GIZMO even at $33M, CYPHER -10% at $18M
• Two Opepen Set 1 NFTs sold for 32 ETH and 18.69 ETH

💰 Token, Airdrop & Protocol Tracker

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

🌎 Macro Crypto and Web3

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

• Crypto majors are very green with Bitcoin leading; BTC +7% at $103,000, ETH +6% at $3,940, SOL +5% at $244, XRP (-7%) and BNB (-5%)
• Several alts were up double digits including RENDER (+14%), JUP (+11%), STX (+11%), and GALA (+10%)
• Memecoin majors are very green; DOGE +10% at $0.451, SHIBA +7%, PEPE +7%, WIF even, BONK +2%, POPCAT even
• Ethereum ETFs saw $167M in net inflows yesterday and $880M over the last 8 sessions
• Coinbase added GIGA (+40%) and TURBO (+14%) to its roadmap, the 3rd and 4th memes to be added this week
• Metavision announced plans to launch a web3 laptop with a cold wallet built-in, with 3 tiers of functionality 

🚀 Memecoin Movers 

• $VOID (+3700% to $12M market cap, SOL)
• $HOLIDAY (+3700% to $13M market cap, SOL)
• $degenai (+140% to $46M market cap, SOL)
• $SCF (+50% to $60M market cap, SOL)
• $BIAO (+110% to $48M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Funkari (85%, 0.95 ETH Floor)
• The Currency (39%, 1.47 ETH Floor)
• The Llamas (35%, 1.34 ETH)
• BAKC (32%, 1.23 ETH)
• Defimons (30%, 0.16 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.

• Ethereum led NFT trading volume with $21.2M on the day; Bitcoin was next with $3.7M and then Solana with $2.6M
• ETH NFT leaders were mixed with Pudgy & Azuki leading; Punks -1% at 44.2 ETH, BAYC -4% at 20.2, Pudgy +1% at 14.9 ETH, Azuki +5% at 5.75
• Winds of Yawanawa jumped another 25% to 12 ETH leading art NFTs
• Forgotten Runes (+50%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets +7%, NodeMonkes -2%, OMB +2%, Quantum Cats -1%; Bitcoin Punks (+39%) and Bitcoin Frogs (+24%) led movers
• The Runes leaders were all green; DOG +6% at $692M mc, PUPS +20% at $269M, BDC +13% at $114M, GIZMO +20% at $33M, CYPHER +27% at $21M
• The Forgotten Runes Wizards teased a major announcement for today
• Several NFT art collections have jumped 25-100% or more in the past week including alignDRAW, Themes and Variations, Ringers, Terraforms and more

💰 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 with BNB leading; BTC +1% at $96,000, ETH +4% at $3,720, SOL +4% at $232, BNB +20% to $772
• Several alts were up double digits including TRX (+60%), SAND (+26%), APE (+24%), and CRV (+17%)
• Memecoin majors are very green; DOGE even at $0.416, SHIBA +3%, PEPE +4%, WIF +5%, BONK +2%, POPCAT +9%
• Bitcoin and other crypto majors briefly plummeted on Upbit after South Korea's president declared martial law, with Bitcoin going as low as $61k before recovering
• Donald Trump is reportedly set to pick Paul Atkins for SEC Chair; Paul is a former SEC commissioner and previously supported the crypto industry
• Grayscale filed for a Solana ETF with the NYSE on Tuesday, in which it will convert its existing Trust
• Coinbase added MOG to its roadmap, just a day after adding MOODENG, leading to speculation of which memes would be next
• Pantera Capital raised $20M to invest in TON's Toncoin
• Celsius founder Alex Mashinsky will plead guilty to fraud charges including commodities fruaud and prine manipulation of the CEL token 
• Virgin Voyages became the first cruise line to accept Bitcoin as payment

🚀 Memecoin Movers 

• $SPERG (+250% to $10M market cap, SOL)
• $CONAN (+160% to $11M market cap, SOL)
• $CHAOS (+100% to $30M market cap, Base)
• $OPAIUM (+70% to $24M market cap, SOL)
• $BULLY (+755% to $130M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Seraph (214%, 0.37 ETH Floor)
• Midnight Breeze (140%, 0.17 ETH floor)
• Bastard Gan Punks (85%, 0.27 ETH)
• Mutant Garden Seeder (75%, 1.75 ETH)
• Forgotten Runes (65%, 0.79 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.

Yesterday, Coinbase announced that its Onramp service now supports Apple Pay.

This integration enables seamless fiat-to-crypto purchases for assets like Bitcoin, Dogecoin, and over 100 other tokens.

Users can quickly fund wallets via Apple Pay with no KYC requirements, providing a streamlined onramping experience.

Core features of Onramp:

• fiat-to-crypto conversions in seconds
• "lightweight" KYC for eligible purchases
• free USDC on and offramping
• access to the most popular payment methods

Notably, other popular apps like Moonshot already utilize the feature, and now the Coinbase Onramp will be more widely available for other apps.

What Are They Saying?

• Nemil Dalal (Coinbase): “Now in seconds instead of minutes, users can fund their wallets using one of the most widely used payment methods in the US.”
• Coinbase Announcement: “With Apple Pay, we’re excited to offer an onramping experience that’s not only faster but accessible to over 60 million U.S. Apple Pay users, a number projected to grow to 67 million by 2026.”
• Notable collector and investor DCInvestor commented: "the future of Coinbase is no longer doing volume in shitcoins on their CEX it is getting people onchain into a crypto and stablecoin-based economy all of their business decisions now revolve around this and it couldn’t be more obvious at this point"

Why It Matters

Coinbase’s integration of Apple Pay with its Onramp service simplifies crypto onboarding.

It simplifies for their users along with the users of all of the existing and upcoming apps which will use this service.

We are moving towards a future where more and more people will choose to hold wealth onchain, beyond just investments (Bitcoin) and speculation.

The infrastructure and products are being built, with updates rolling out by the week.

Slowly, then all at once...

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $23M on the day; Solana was next with $2.4M and then Bitcoin with $2.3M
• ETH NFT leaders were mixed with Punks leading; Punks +5% at 44.5 ETH, BAYC -10% at 20.7, Pudgy +1% at 14.7 ETH, Milady -8% at 6.5
• Fidenzas jumped another 50% to a 60 ETH floor and Winds of Yawanawa jumped 20% to 9.5 ETH leading art NFTs
• Sugartown Oras (+100%), Fluf (+30%) and Band Bears (+20%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -2%, NodeMonkes -5%, OMB -5%, Quantum Cats -1%
• The Runes leaders were mostly green; DOG +1% at $652M mc, PUPS +10% at $225M, BDC +6% at $100M, GIZMO even at $27M
• RTFKT announced that it will be winding down web3 operations by Jan 2025 in a surprise statement on Monday
• Yuga Labs acquired Token Proof's technology to help its holders unlock token utility 

💰 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 with XRP leading; BTC even at $95,000, ETH +1% at $3,600, SOL even at $225, XRP +20% to $2.78
• Several alts were up double digits including IOTA (+56%), HBAR (+48%), VET (+41%), ONDO (+40%), SAND (+27%) & MATIC (+26%)
• Memecoin majors are mostly green; DOGE +2% at $0.416, SHIBA +2%, PEPE +1%, BONK +1%, WIF +4%, POPCAT +10%
• Coinbase added MOODENG to its listing roadmap and the memecoin jumped 100% to $600M
• AI Agent aixbt effectively launched a memecoin CHAOS which ran to $20M and helped propel aixbt to $298M and a new ATH
• The US Government moved $2B of its Silk Road Bitcoin on Monday igniting concerns of sell pressure prior to Trump getting in office
• Marathon Digital bought 6,000+ Bitcoin for $600M+ in cash at a $95k average price and plans additional raises to do more of the same; SOAR Ventures raised $150M to do similar

🚀 Memecoin Movers 

• $CHAOS (+17,000% to $17M market cap, BASE)
• $MOODENG (+95% to $600M market cap, SOL)
• $VADER (+80% to $48M market cap, Base / SOL)
• $AIXBT (+70% to $298M market cap, Base / SOL)
• $SAINT (+60% to $29M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• CypherDudes (120%, 0.2 ETH Floor)
• Sugartown Oras (100%, 0.09 ETH floor)
• FLUF (32%, 0.41 ETH)
• Band Bears (20%, 5.55 ETH)
• Winds of Yawanawa (20%, 9.5 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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 overall crypto market cap now stands at $3.35T, now $1.1T higher than it was on November 4th.

Bitcoin led the charge but has since cooled off as it tries to break through the psychological $100k barrier.

Crypto majors are currently at:

• Bitcoin $95,150 (-3% on week)
• ETH $3,600 (+3%)
• Solana $225 (-11%)

So ETH is outperforming and Solana is underperforming.

The Bitcoin dominance percentage is now at 57%, down 4% from peak and you know what that means - ALT SZN (and AI SZN and even NFT SZN).

And these are all looking strong despite a Sunday selloff.

Alt SZN

Boy has ALT SZN started fast, with Ripple (XRP) leading the way and flipping Solana.

Ripple ETFs are coming and the market is rapidly repricing XRP, with the token up 50% on the week and now up to $128B in market cap.

It wasn't just XRP that had a great week though - most of the top 15 crypto movers of the week were alts.

Top Alt Movers on the week:

• ENS +70%
• ALGO +60%
• HBAR +59%
• XRP +50%
• THETA +44%

And that list doesn't even include Hyperliquid and its HYPE token which was airdropped on Friday and has since soared to nearly $10B in FDV in just 3 days ($8.3B this morning).

That airdrop delivered $1.6B to users in one of the biggest airdrops of all time.

AI SZN

It's not just alts winning right now with broader memes cooling off.

The AI sector is scorching hot, from infrastructure to agents.

Memes are winning too, with the overall memecoin market cap hitting a new ATH on Sunday at $126B.

A few notable leaders:

• TAO at $4.3B (+12% on week)
• FET at $4.2B (+16%)
• AIOZ at $1.2B (+32%)
• PRIME at $469M (+36%)
• VIRTUALS at $1.36B (+130%)
• 0x0 at $267M (+115%)

Virtuals was arguably THE winner of the week, along with its top AI Agent aixbt which soared 260% to $170M (hit $230M at peak).

The Virtuals platform has also seen an explosion in new launches and is quickly becoming the Pump Fun for AI Agents on Base.

The AI meme leaders did take a large hit on the week however, with GOAT -19% and FART -55%.

NFT SZN

The holiday weekend was so hot that even NFTs caught a bid - and a big one at that.

Volume skyrocketed to $50M on Sunday, nearly 10x the daily levels seen just a few weeks ago.

And the weekly gains show it:

• Punks at 44 ETH (+17%)
• BAYC at 23 ETH (+90%)
• Pudgy at 14.6 ETH (+29%)
• Azuki at 5.6 ETH (+28%)
• MAYC at 3.75 ETH (+85%)

Massive moves, with the Yuga ecosystem leading the way. And oh yeah, Punks are now $158,000.

Why It Matters

The main takeaway here is - as the larger crypto pie grows, there will be several opportunities to win.

The rising tide will lift all boats.

We have seen it already across Alts, Memes, AI and NFTs.

While those sectors will likely take turns in the spotlight, they'll each win and could grow by as much as 10x if Bitcoin reaches the levels many think it will this cycle.

So pick a focus area (or a few) that you like and try to avoid the fomo of missing other runners - there will be plenty to go around.

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $50M on the day; Solana was next with $5.1M and then Bitcoin with $4.1M
• ETH NFT leaders were washed in green; Punks +4% at 44 ETH, BAYC +9% at 23.2,, Pudgy +3% at 14.6 ETH, Milady +3% at 7.1, Azuki +1% at 5.85
• 7 Fidenza sales brought the floor up 40% on the week to 39.5 ETH
• Shib Yard (+320%), Hedgies (+140%) and The Currency (+130%) led notable top movers
• BTC NFT leaders were also very green; Bitcoin Puppets +6% at 0.161 BTC, NodeMonkes +7% at 0.139 BTC, OMB +7% at 0.138, Quantum Cats +5% at 0.2
• The Runes leaders were mixed; DOG -2% at $648M mc, PUPS even at $200M, BDC -8% at $94M, GIZMO even at $27M
• Pudgy Penguins teased The Prophecy with more details expected soon (along with their party at Art Basel this week)

💰 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 with ETH leading; BTC +1% at $93,200, ETH +4% at $3,450, SOL +2% at $234; ZCASH (+24%), ALGO (+13%), AAVE (+12%) & ENA (+10%) were top alt movers
• Memecoin majors are mostly green; DOGE +3% at $0.388, SHIBA +3%, PEPE +11%, BONK -2%, WIF -1%, POPCAT -4%
• XRP flipped Solana and even Tether (briefly) in a massive run this weekend
• Wisdom Tree officially filed with the SEC for an XRP ETF
• Michael Saylor delivered his Bitcoin presentation to the Microsoft Board at the Dec 2024 shareholder's meeting, outlining how they could buy BTC and why
• Bitcoin balances on exchanges have reached historic lows pointing to increasing buy pressure and lack of sellers

🚀 Memecoin Movers 

• $TETSUO (+37,000% to $34M market cap, SOL)
• $DOMO (+5,000% to $10M market cap, SOL)
• $SERAPH (+4,800% to $22M market cap, Base / SOL)
• $ALCH (+80% to $80M market cap, SOL)
• $BOOE (+45% to $32M market cap, ETH)

📈 NFT Floor Price Increase (ETH)

• Shib Yard (315%, 0.07 ETH Floor)
• Shiboshis (150%, 0.25 ETH floor)
• Hedgies (138%, 0.12 ETH)
• The Currency (117%, 1.39 ETH)
• Impostors (88%, 0.37 ETH)

🗓 Upcoming Mints and Events

Folks - my source for daily mints and events has shut down operations.

Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.

If I can find a good source for daily events, I will look at turning it back on.

--------------------------------------------------------------------------------------

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.