What Happened?
President-elect Donald Trump is set to sign executive orders on his first day in office to reshape crypto policy.

He will start by creating a presidential crypto council of industry leaders and is then expected to dive into a series of actions.

Those proposed actions include:

• Establishing a joint crypto working group between the CFTC and SEC
• Addressing de-banking issues for American crypto companies
• Repealing a crypto accounting policy that burdens banks (SAB 121)
• Coordinating international crypto innovation through the State Department, and
• Potentially establishing Bitcoin as a national reserve asset

Bo Hines, tapped to lead Trump’s crypto council, has been soliciting policy proposals from crypto leaders in Washington

What Are They Saying

Trump's transition team emphasized crypto as a top priority, working closely with industry leaders to develop supportive policies.

A source went as far to say "The Trump team has made it very clear that this is a priority."

Brian Hughes, a spokesperson for Trump’s team, highlighted plans to position the U.S. as a leader in the crypto sector, saying: "President Trump will deliver on his promise to encourage American leadership in crypto."

It looks like he's planning to deliver.

Why It Matters

A pro-crypto President of the United States, executing on his campaign promises from day 1 and aiming to foster crypto innovation in the US and aboard, is simply not priced in.

This is literally a new paradigm.

The best we've had in the White House is agnosticism, and at worst, direct attacks (see the last 4 years under Biden / Warren).

The attacks are coming to an end. 

Crypto innovation will be fostered in America.

That means brighter minds can build in this area, who may have been on the sidelines. That means foreign-based companies can migrate here and recruit domestic talent. 

And that doesn't even scratch the surface of the impact a Bitcoin Strategic Reserve would have. 

Many have called that unlikely, but if Trump fulfills his other promises on day 1 in office, the likelihood of the Strategic Reserve has to go up (in fact the Polymarket odds are up to 36% that he'll create it in the first 100 days).

The First Crypto President is about to take office. 

Pack your bags accordingly...

🚚 What is happening in NFTs?

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

• ETH NFT leaders were mixed, led by Pudgy and Doodles; Punks even at 36 ETH, Pudgy +6% at 24.2, BAYC +2% at 14.8 ETH, Azuki -7% at 13.2 ETH, Doodles +19% to 4.46 ETH
• Tiny Astro (+24%) and Sproto Gremlins (+18%) led notable top movers
• Doodles released another teaser in similar style of its token tease announcement with the words "make something" embedded in the video
• BTC NFT leaders were mostly green; Bitcoin Puppets +15%, NodeMonkes +8%, OMB -3%, Quantum Cats even
• The Runes leaders were very green; DOG +15% at $515M mc, PUPS +10% at $66M, BDC +15% at $31M, GIZMO +12% at $9M

💰 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 rebounded majorly from yesterday's dip, up 4-6%; BTC +6% at $96,300, ETH +4% at $3,200, SOL +6% at $186, XRP +9% at $2.57
• KAS (+20%), HYPE (+17%), XDC (+17%) and AIOZ (+16%) led alts
• Tether is moving to El Salvador after acquiring a Digital Asset Service Provider license in the Bitcoin-friendly country
• Donald Trump is expected to issue several Crypto-focused executive orders on his first day according to the Washington Post, including a repeal of a crypto accounting policy (SAB 121) and de-banking of Crypto companies
• Donald Trump's inauguration will feature a "Crypto Ball" to honor him as the "first Crypto President," with tickets available for $5,000/person
• A US Court demanded the SEC explain itself for denying Coinbase's requests related to crypto regulations 
• MicroStrategy bought another $243M worth of Bitcoin at a $95,972 average this past week
• A BlackRock report said that crypto has "outpaced growth for mobile phones and the internet" in its race to 300M users
• Memecoin majors are green this morning up 6-12%; DOGE +9%, SHIBA +6%, PEPE +7%, PENGU +12%, BONK +7%, WIF +3%, MOG +11%
• Coinbase announced it will list PNUT for spot trading starting today
• BUTTHOLE rebounded 74% following the FARTCOIN move, now $47M

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• ETH NFT leaders were mostly red, led by Azuki; Punks even at 35.8 ETH, Pudgy -8% at 22.85, BAYC -6% at 14.15 ETH, Azuki +12% at 14.1 ETH
• Karma (+35%) and CyberBrokers (+33%) led notable top movers
• The Azuki ecosystem jumped 10-12% across the board after the Anime tokenomics were released, featuring 50.5% to the community, 75%+ unlocked at open and several partner communities including Kaito and Hype stakers
• BTC NFT leaders were mostly red; Bitcoin Puppets -15%, NodeMonkes -4%, OMB -3%, Quantum Cats +3%
• The Runes leaders were very red; DOG -15% at $460M mc, PUPS -15% at $60M, BDC -5% at $26M, GIZMO -5% at $8M

💰 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 fell hard overnight, down 4-6% with Bitcoin losing $92k support; BTC -4% at $90,700, ETH -6% at $3,050, SOL -6% at $176, XRP -6% at $2.37
• Most alts down 6-10%, AI sector down 20%
• A new CFPB rule would make wallet makers like Consensys liable for customer losses or erroneous transactions
• Senator Lummis is set to lead a Senate sub-committee on Digital Assets
• North Dakota & New Hampshire drafted legislation for their own Strategic Bitcoin reserves
• Heritage Distilling became the latest company to adopt BTC, though subject to approval before implementation
• Memecoin majors are red this morning down 5-10%; DOGE -6%, SHIBA -7%, PEPE -9%, PENGU -11%, BONK -10%, WIF -6%, MOG -10%
• CONCHO was the memecoin runner of the night, jumping 1300% to $20M ($35M at peak)
• Moonpay announced a sponsorship of UFD founder Ron, which led to UFD soaring 80% to $230M over the weekend

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Bitcoin briefly fell below $92,000 yesterday evening before marching back up overnight to $95,000.

The rebound comes a day after the Silk Road news has had time to settle and digest, and it has become less certain that those specific coins will be sold ahead of Trump's inauguration.

With the Silk Road news seemingly shaken off, Bitcoin has rebounded and has pulled broader sectors up with it.

• The AI sector added $2B in market cap off of its local low overnight, with leaders piling in 10-30% gains
• Memecoins rebounded 1-5%
• And adults are starting to rebound as well

The question now becomes - is the local low behind us, or is more pain in store?

Looking Ahead

We may get that answer here this morning.

A key labor report comes out this morning with non-farm payrolls along with a consumer sentiment report.

It seems a softer jobs report is what crypto traders are rooting for for a near term spike. If jobs come in strong, or any other surprises, the crypto pain very well may continue through the inauguration.

We shall find out soon...

🚚 What is happening in NFTs?

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

• ETH NFT leaders were mostly red across the board down 1-3%; Punks even at 36.3 ETH, Pudgy -4% at 25, BAYC -2% at 15.5 ETH, Azuki +1% at 12.4 ETH
• Topia Worlds (+75%), Kaito (+48%) and GLHFers (+25%) led notable top movers
• BTC NFT leaders were mostly green; Bitcoin Puppets +4%, NodeMonkes +8%, OMB even, Quantum Cats -5%
• The Runes leaders were mostly even; DOG even at $582M mc, PUPS even at $77M, BDC +3% at $36M, GIZMO even at $10M

💰 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 rebounded after a day of chop; BTC +1.5% at $94,800, ETH even at $3,300, SOL even at $191, XRP even at $2.31
• SUI (+8%), OM (+5%), MKR (+7%) and FTM (+6%) led alts
• USD0 stablecoin from Usual depegs, falls to $0.87
• Mantra plans to tokenize $1B in RWA for UAE property developer DAMAC
• Arbitrum developer Offchain Labs has hired the former Nasdaq digital assets lead Ira Auerbach to lead its venture efforts
• The CFTC has asked Coinbase to turn over customer information related to Polymarket as a part of its investigation
• Memecoin majors are green this morning mostly up 1-5%; DOGE +1%, SHIBA +2%, PEPE +1%, PENGU +6%, BONK even, WIF -2%, MOG -2%

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A federal court in California approved the liquidation of 69,370 Bitcoin ($6.5B), marking the conclusion of a four-year legal battle over the crypto tied to the Silk Road dark web marketplace.

Judge Richard Seeborg denied attempts to block the forfeiture, paving the way for one of the largest government crypto sales in history.

While the ruling clears the legal path, this doesn't guarantee the Bitcoin will be immediately sold.

Though there are questions out there if it indeed has already been sold, and how much.

Many are pointing to the $2B moved to Coinbase in December and speculating it has already been sold. 

Why It Matters

We have seen governments sell before.

Back in July, the German government sold 50k seized Bitcoin at an average price of $57,600 raising $2.88B (terrible sales in hindsight).

That selling did drag down the price of Bitcoin for a few weeks, but of course, the price has now soared nearly 100% since then.

So the question is - how much of an impact will this US government selling have? And how much (if any) has already been completed?

What jumps out to me is how little Bitcoin has moved since this news broke.

It's down from ~$95k to $93,500. That's a -1.5% move.

For a headline this big, I would've expected more panic selling. Which makes me believe that perhaps it already happened, and this is what drove the sudden dip from $102k on Monday to $94k.

The other key impact/question here is - will this light a fire under Trump to back Bitcoin even more?

This feels like a direct slap in the face to him, who said "Never sell your Bitcoin" back in August. The Bitcoin Strategic Reserve plan was built around first keeping the Silk Road Bitcoin and then maybe buying on the open market.

If the Silk Road Bitcoin is gone, the only choices are to 1) abandon the plan or 2) market buy Bitcoin.

Option 1 would likely hurt prices in the short term. Option 2 would lead to euphoria.

We will soon find out which path he takes. And the federal courts may have just forced his hand...

🚚 What is happening in NFTs?

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

• ETH NFT leaders were red across the board down 3-5%; Punks -5% at 36.3 ETH, Pudgy -5% at 26, BAYC -3% at 15.75 ETH, Azuki -2% at 12.3 ETH
• OCH Genesis (+12%) and Kaito (+12%) led notable top movers
• BTC NFT leaders were mixed; Bitcoin Puppets -2%, NodeMonkes -2%, OMB +3%, Quantum Cats even
• The Runes leaders were mostly red; DOG -2% at $582M mc, PUPS +2% at $77M, BDC -5% at $35M, GIZMO -7% at $10M
• Yuga CEO Garga announced that the first iteration of a "persistent" The Otherside metaverse is coming this June, meaning it will be ongoing and not event-based
• Trump Bitcoin Digital Trading Cards went live on Wednesday for those who purchased 100 of the Mugshot editions, currently at a 0.2 BTC floor

💰 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 fell another 1-2% as the dip continues; BTC -1.5% at $93,600, ETH -1% at $3,300, SOL -2% at $191, XRP -2% at $2.31
• NEO (+6%), KAIA (+5%), MKR (+4%) and FLOW (+4%) led alts
• Two new companies added Bitcoin to their balance sheets this week, including Thumzup Medai and KULR, buying $1M and $21M respectively 
• Oklahoma Senator Dusty Deevers introduced a bill to legalize Bitcoin payments in the state, across agencies, private companies and individuals
• Terra founder Do Kwon's trial was set for Jan 2026
• Memecoin majors are red this morning mostly down 2-4%; DOGE -4%, SHIBA -1%, PEPE -3%, PENGU -9%, BONK -4%, WIF -12%, MOG -8%

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Fidelity Digital Assets released a report this morning forecasting that nation-states, central banks, sovereign wealth funds, and government treasuries will strategically adopt Bitcoin in 2025.

The report cites macroeconomic pressures such as rising inflation, currency debasement, and surging fiscal deficits as driving forces behind this trend.

This of course comes after growing chatter around the U.S. and its Strategic Bitcoin Reserve, largely driven by Senator Cynthia Lummis.

What They’re Saying:
Analyst Matt Hogan emphasized that not allocating to Bitcoin may become riskier than participating. Hogan went on to say:

"We anticipate more nation-states, central banks, sovereign wealth funds, and government treasuries will look to establish strategic positions in bitcoin."

Fidelity highlighted the potential influence of U.S. leaders like President-elect Donald Trump and Senator Cynthia Lummis, who have advocated for a strategic Bitcoin reserve.

Lummis’s "Bitcoin Act of 2024" could accelerate global adoption if enacted, forcing other nations to follow suit.

Why It Matters

As governments face growing economic pressures, Bitcoin is emerging as a potential tool for financial stability.

If countries begin to accumulate Bitcoin, even without formally announcing their plans, it could trigger a global race to adopt the cryptocurrency.

Certainly if the U.S. makes any moves, the race will accelerate.

And in that scenario, none of us are ready for the impact to Bitcoin's price.

The asymmetric upside in that scenario, even if one models it as relatively low (say <25%) is enough to give any no-Bitcoiners serious pause.

If and when it happens, it will likely happen quickly.

And one clear rule in crypto (and all of investing) - you don't want to miss the up days...

🚚 What is happening in NFTs?

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

• ETH NFT leaders were red across the board down 1-2%; Punks even at 37 ETH, Pudgy -2% at 27.44, BAYC -1% at 16.26 ETH, Azuki -1% at 12.55 ETH
• Age of Dino (+60%), PX Quest (+26%) and Infinigods (+25%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -7%, NodeMonkes -7%, OMB +1%, Quantum Cats -1%; AILU were the top mover up 17% to 0.024 BTC
• The Runes leaders were very red; DOG -10% at $595M mc, PUPS -18% at $75M, BDC -5% at $37M, GIZMO -7% at $12.5M
• Limit Break introduced their new Apptokens as "infinitely programmable token smart contracts," featuring task-linked tokens, trade-ratio, promotional spend-only use cases and more along with a TokenMaster launchpad for these ERC20-Cs

💰 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 red this morning after a big dip; BTC -6% at $95,100, ETH -8% at $3,350, SOL -8% at $196, XRP -3% at $2.35; no alts in green
• A federal judge froze the SEC's lawsuit against Coinbase, granting a pause until an appeals court could weigh in with respect to if the Howey test can be applied to crypto assets
• CFTC chair and crypto-skeptic Rostin Benham announced his resignation effective Jan 20 ahead of the Trump administration
• Ripple adopted the Chainlink standard for its Ripple USD stablecoin (RLUSD) to enhance its utility in DeFi applications 
• Memecoin majors are red this morning mostly down 10-15%; DOGE -10%, SHIBA -9%, PEPE -10%, PENGU -12%, BONK -12%, WIF -9%, MOG -13%
• SPX was the lone green memecoin over $1B on the day, up 3% to $1.33B and clearly outperforming
• MLG soared to $150M in a 4x move yesterday before pulling back to $115M this morning

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Yesterday, Forbes Digital Assets posted an article highlighting the rise of the leading AI Agent "AIXBT" and its impact on Crypto Twitter.

For those unfamiliar with AIXBT:

• Introduction: AIXBT is an AI agent that analyzes data from over 400 key opinion leaders (KOLs) to provide market insights, predict trends, and deliver technical analysis, particularly in the cryptocurrency space.

  • Example: Within minutes of a major announcement, AIXBT has provided detailed analysis on Twitter, demonstrating its capabilities. It also provides insight on existing projects, provides bull/bear takes and uses data in its reasoning.

• How AIXBT Operates:
  Built on the Base chain's Virtuals Protocol, AIXBT synthesizes vast data sets to offer actionable intelligence. It tracks KOLs, identifies market patterns, interprets price movements, and produces risk assessment reports.

  • It has gained 304K followers within three months by reshaping market intelligence through real-time engagement and data-driven commentary.

And of course, AIXBT is tokenized. The AIXBT token is currently worth $520M, recently reaching a peak over $650M before a slight pull back.

A truly meteroic rise, given the token launched on Nov 21, 2024.

What Are They Saying?

Forbes focused on AIXBT's role in market intelligence and how it could be applied to other indusries.

AIXBT is described as a game-changer, automating high-level market analysis and making sophisticated insights accessible to businesses of all sizes.

It levels the playing field for smaller companies by offering the same caliber of intelligence available to larger enterprises.

They go on to mention how AI agents like AIXBT are finding applications in other sectors, including:

• Customer Service: 24/7 AI agents handle queries and troubleshoot issues.
• Healthcare: Supporting diagnostics and patient care management.
• Retail: Enhancing personalized shopping experiences.
• Education: Providing tailored learning experiences and automated tutoring.

Why It Matters

Clearly what is happening with AI in Crypto is starting to be noticed outside of our bubble.

And with tech giants OpenAI, Google and NVIDIA clearly focusing on AI Agents, this spotlight is likely only to get bigger.

And guess what? Crypto is actually on the cutting edge of some of this.

Sure, the tech giants likely have better tooling. But real Agents applied to real use cases are being developed in real time here and finding product market fit.

AIXBT shows that PMF, reaching 300k followers and becoming a market mover in less than 2 months.

Forbes is taking notice, and soon others will too...

🚚 What is happening in NFTs?

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

• ETH NFT leaders were mixed, led by the surging Pudgy Penguins again; Punks -3% at 37 ETH, Pudgy +14% at 27.92, BAYC -1% at 16.4 ETH, Azuki +2% at 12.6 ETH
• DigiDaigaku (+85%), The Currency (+82%) and CyberBrokers (+60%) led notable top movers
• Pudgy Penguins reclaimed a $100,000 floor in their move up to 27.92 ETH
• BTC NFT leaders were mostly red after the BTC pump; Bitcoin Puppets -9%, NodeMonkes -1%, OMB -9%, Quantum Cats +1%; Unsanctioned Wizards were the top mover up 59% to 0.013 BTC
• The Runes leaders were mixed; DOG -7% at $695M mc, PUPS +1% at $97M, BDC +5% at $40M, GIZMO even at $13M
• Gabriel Leydon teased Limit Break's biggest web3 release yet coming later today, likely driving the DigiDaigaku 85% pump
• Mad Lads rallied 19% after the Backpack FTX acquisition news (see below), now 88 SOL; ai16z partners (+35%), Critters Quest (+18%) and 1000x GEM (+34%) all saw big moves on Solana as well

💰 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 mixed this morning after a green Monday; BTC +1% at $100,700, ETH -1% at $3,630, SOL -2% at $213, XRP +1% at $2.42
• BGB (+5%), RAY (+5%), and ADA (+5%) led alts
• Bitcoin ETFs saw $979M in inflows on Monday, posting back-to-back $900M+ sessions; ETH saw $129M in inflows, its 2nd highest total in the past two weeks
• Ripple's CEO said that Trump is already opening doors for crypto and that they've signed more clients in the 6 weeks post-election than in the 6 months prior
• Michael Saylor's MicroStrategy bought another $100M of Bitcoin last week 
• Animoca Chair Yat Siu predicted that 2025 will be the year crypto finally goes mainstream, pointing to stablecoins, memecoins, crypto gaming, reputation systems and web3 capitalism as levers for adoption
• Memecoin majors are red this morning mostly down 1-3%; DOGE -1%, SHIBA -2%, PEPE -3%, PENGU -9%, BONK -2%, WIF -2%, MOG -10%
• Galaxy Digital predicted DOGE will reach $1 in 2025

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The AI Crypto sector hit a market cap of $17.5B late last week, up a staggering 70% in just a week (currently $16.9B).

But it's more than just a market cap explosion.

AI has totally taken over mindshare for Crypto Twitter, reaching a whopping 70% total mindshare this weekend (Meme at 6% and DeFi at 5% are the next closest).

That is domination.

And it comes on the back of some massive wins. Just take a look at the market caps of the current AI leaders and where they were a month ago):

• VIRTUAL at $4.1B ($1.78B a month ago)
• AI16Z at $2.2B ($500M)
• FARTCOIN at $1.25B ($200M)
• FAI at $610M ($34M)
• AIXBT at $560M ($216M)
• GOAT at $523M ($780M)
• ZEREBRO at $500M ($325M)
• GRIFFAIN at $465M ($15M)
• ACT at $355M ($580M)
• ARC at $345M

Some of these coins didn't even exist a month ago (ARC). Several are up 4-5x or more (ai16z, FARTCOIN, FAI, GRIFFAIN). And only GOAT and ARC are red on the month.

But it's not just the leaders driving the market.

There has been an explosion of new AI Agents hitting the scene.

AI analytics site Cookie.Fun tracks over 900 agents now. And the pace of growth is accelerating.

In the past day, 3 new launches have come out and soared in their debut:

• HYPER explodes to $250M in its first 12 hours of trading
• GNZ soars to $50M in its debut
• HTERM opens at $30M

(See below for more information on each of these).

Demand for existing and new agents is off the charts.

Why It Matters

Even if you aren't a Crypto AI believer, this market (and its mindshare) has become too big to ignore. 

If you are a believer, there are reasons to be excited.

For one, this is still not a consensus trade. CT seems split down the middle with believers going all-in and calling for $100B+ overall market cap for the sector (I'm in this camp btw, and $100B is fud). And those who think it's all just vaporware, chatGPT wrappers, and/or a scam.

My view - there is certainly some vaporware/scams in a sector that has 900 agents. That's undeniable.

But there are true builders flocking to this space. AI agents operating onchain just makes sense. It's the end state for where autonomous, sentient agents will ultimately trade.

Those that see the vision are dedicating their time and resources to it.

And new narratives are forming. At the beginning, everything was in one big AI bucket.

• Now there are Agent platforms that are starting to be priced as L1s (Virtuals, ai16z, ZEREBRO, ARC, BULLY).
• There are the pure memes (FARTCOIN, GOAT).
• There are the pure Agents operating within niches (AIXBT, NFTXBT, POLY).
• And we're starting to see a wave of Apps producing games/experiences for users (FAI, GNZ).

The narratives will continue to shift. And the leaders are very likely to shuffle. It's very possible the "winners" aren't even here yet.

But the opportunity right now is simply too big to ignore.

Like it or not - AI Crypto is here to stay...

🚚 What is happening in NFTs?

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

• Ethereum led NFT trading volume with $18M on the day; Solana was next with $2.6M and then Bitcoin with $1.8M
• ETH NFT leaders were mostly green, led by Pudgy Penguins; Punks even at 38 ETH, Pudgy +8% at 24.2, BAYC +4% at 16.6 ETH, Azuki even at 12.35 ETH, Doodles -2% to 5.1 ETH
• Project AEON (+36%), Cryptoadz (+29%) and Cryptodickbutts S3 (+28%) led notable top movers; Denizens also jumped 280% to 0.12 ETH
• Kaito Genesis, the NFTs tied to Kaito and their new Yapper program, are holding at 4.14 ETH
• BTC NFT leaders were mixed; Bitcoin Puppets -5% at 0.138 BTC, NodeMonkes -6% at 0.12 BTC, OMB even at 0.171 BTC, Quantum Cats +2% at 0.335 BTC
• OCM Dimensions led top movers up 75% to 0.243 BTC, and Bitcoin Wizards up 10% to 0.126
• The Runes leaders were also mixed; DOG -1% at $734M mc, PUPS +1% at $97M, BDC +5% at $40M, GIZMO +3% at $13M
• AI NFTs lead top gainers over the weekend with:
  • Onchain Gaias jump 70% to 1.33 ETH
  • FAI NFT set 2049 / Reflections +50% to 0.75 ETH
  • Virtuals WAIFUs soar 500% to 0.2 ETH on Base, hailed as "mascot" of Virtuals
  • ai16z Partners up 50% to 5.5 SOL floor

💰 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 to kick off the week; BTC +2% at $99,200, ETH +1% at $3,650, SOL +1% at $216, XRP +2% at $2.40
• INJ (+13%), SAND (+10%), and AIOZ (+9%) led alts; RENDER, XDC and FIL also up 8-9%
• Bitcoin ETFs saw $900M in inflows on Friday, largest in weeks 
• Solana became Quantum Resistant, meaning it found a way to protect user funds against future quantum attacks
• Calls for a congressional probe into the FDIC activity related to Operation Chokepoint are getting louder after a recent unsealing of letters sent to banks
• Memecoin majors are also green this morning mostly up 1-2%; DOGE +1%, SHIBA +1%, PEPE even, PENGU +6%, BONK -1%, WIF -3%, MOG +5%
• PENGU passed 600,000 holders as it entered the top 50 crypto tokens by market cap at $2.85B
• Babyshark's web3 arm launched a BABYSHARK meme which soared past $200M this weekend before settling at $150M
• SPX jumped another 17% to $1.43B leading top meme movers
• Solana's new gaming meme MLG jumps 230% to $41M and BUTTHOLE meme jumps 55% to $100M
• Base's Kekius meme soars 135% to $580M and DICKBUTT jumps 240% to $24M

🚀 Memecoin Movers 

• $HYPER (+248,000% to $204M market cap, SOL)
• $GNZ (+30,000% to $42M market cap, SOL)
• $HTERM (+21,000% to $25M market cap, SOL)
• $WAVE (+400% to $30M market cap, SOL)
• $MLG (+250% to $44M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Denizens (290%, 0.12 ETH Floor)
• Karafuru (67%, 0.16 ETH Floor)
• ASM Brain (60%, 0.29 ETH)
• Project AEON (36%, 1.75 ETH)
• CrypToadz (29%, 0.76 ETH)

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• Ethereum led NFT trading volume with $48M on the day; Solana was next with $4M and then Bitcoin with $3M
• ETH NFT leaders were mixed, led by Doodles; Punks -3% at 39 ETH, Pudgy -9% at 16.3, BAYC -4% at 17.4 ETH, Azuki +6% at 10.9 ETH, Doodles +54% to 6.75 ETH
• Doodles (+53%), Dooplicators (+133%) and Genesis Boxes (+550%) led top movers in the wake of the Doodles token tease from Burnt Toast that a "Token Is Coming"
• BTC NFT leaders were very red; Bitcoin Puppets -9%, NodeMonkes -8%, OMB -11%, Quantum Cats -8%
• The Runes leaders were very red; DOG -25% at $560M mc, PUPS -30% at $105M, BDC -24% at $52M, GIZMO -35% at $13M
• Wab.eth's Omnia game announced it will launch on Monad

💰 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 as crypto continues its downtrend post-FOMC; BTC -9% at $93,500, ETH -13% at $3,200, SOL -13% at $182, XRP -12% at $2.10
• Memecoin majors are more red, down about 20% across the board; DOGE -22%, SHIBA -19%, PEPE -21%, WIF -20%, BONK -15%, MOG -18%, PENGU -23%
• The SEC approved Hashdex's new Bitcoin and ETH ETF, the first of its kind to include both majors
• MetaMask announced the launch of its MetaMask card, allowing users to spend crypto from their MM wallets via the credit card
• Aptos Labs CEO and Co-Founder Mo Shaikh stepped down on Thursday to "start a new chapter", with CTO Avery Ching taking over

🚀 Memecoin Movers 

• $SWARMS (+48,000% to $48M market cap, SOL)
• $YNE (+13,500% to $13M market cap, SOL)
• $seahorse (+4,100% to $10M market cap, SOL)
• $ZODS (+38% to $14M market cap, SOL)
• $AIMONICA (+23% to $22M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Genesis Boxes (550%, 0.12 ETH Floor)
• Cryptoon Goonz (250%, 0.19 ETH Floor)
• Shadow Wolves (200%, 0.16 ETH)
• Dooplicator (140%, 0.4 ETH)
• Cool Pets (120%, 0.09 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 $41M on the day; Solana was next with $4M and then Bitcoin with $3.4M
• ETH NFT leaders were mostly green; Punks -1% at 40.2 ETH, Pudgy +2% at 18.3, BAYC +2% at 18.4 ETH, Azuki +6% at 10.15 ETH
• Oh Ottie (+110%), Regulars (+110%) & HV-MTL (+80%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -5%, NodeMonkes -1%, OMB -3%, Quantum Cats -2%
• The Runes leaders were very red; DOG -10% at $750M mc, PUPS -13% at $135M, BDC -10% at $66M, GIZMO -15% at $20M
• New 9dcc Black Boxes sold out in minutes and instantly doubled on the secondary market to 0.12 ETH
• A Gold Claynosaurz sold for 500 SOL on Wednesday ($104,000)

💰 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 Powell's hawkish comments; BTC -3% at $102,000, ETH -5% at $3,700, SOL -4% at $208, XRP -6% at $2.38
• Bitcoin's down move was largely driven by Jerome Powell's comments at the FOMC, where rates were cut as expected but future cuts seem less likely given Powell's hawkish tone
• Memecoin majors are more red than majors; DOGE -5%, SHIBA -6%, PEPE -9%, WIF -10%, BONK -10%, MOG -8%, PENGU -9%
• Solana's daily transactions hit a new ATH on Wednesday on the back of the PENGU launch
• Coinbase was approved to delist Wrapped Bitcoin by the judge in their case against Bit Global
• The new US government Stopgap bill meant to avoid a shutdown has a crypto impact via the Deploying American Blockchains Act which requires the Dept of Commerce to advise the President on crypto matters

🚀 Memecoin Movers 

• $LI (+10,000% to $10M market cap, SOL)
• $MEMEAGENT (+5800% to $13M market cap, SOL)
• $UFD (+500% to $250M market cap, SOL)
• $andy70b (+250% to $29M market cap, SOL)
• $ARC (+46% to $184M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• Garbage Friends (160%, 0.07 ETH Floor)
• Regulars (110%, 0.04 ETH Floor)
• HV-MTL (80%, 0.06 ETH)
• The Doge Pound (60%, 0.17 ETH)
• Khuga (60%, 0.08 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 Pudgy Penguins PENGU token officially launched yesterday morning.

Since then, it has taken over Solana and basically the entire memecoin and NFT ecosystems.

Some stats from day 1:

• 6th biggest memecoin in crypto, 62nd overall coin
• $2.7B in trading volume (over $1B onchain)
• $2.1B market cap and $3B in FDV
• 421,000 holders
• 961,000 claims

Not surprisingly, the first few hours of claims were a bit rocky with hundreds of thousands of wallets trying to go through the process.

But the team worked through issues short order and smoothed things out.

As the dust has settled this morning, the Pudgy Penguin NFTs are down from 32 ETH to a 17.75 ETH floor (14.25 ETH loss or $55k) and the airdrop at current prices is worth $58,000.

Thus anyone who bought at 32 ETH or lower is up on their buy with the airdrop (and most holders have entries sub-10 ETH).

So, it was a good day.

Why It Matters

For the Pudgy ecosystem, the token was the primary lever to grow the holder base (The Huddle). 

With only 38,120 NFTs, the team was limited with growth options.

Now, in less than a day of trading, there are 420,000 holders in the ecosystem.

20x growth, in a day.

That's explosive.

And now, those holders will likely have a leg up (or at least incentives) to explore the Abstract ecosystem, where the Pudgy team plans to take things to the next level.

They have rewarded their most loyal holders with a $60,000 gift, and many are now in the position to hold their NFTs for much longer (they have liquidity options now).

That means the NFTs can go higher in the next run (I don't think the Pudgy local top is in).

They've also shown the rest of the NFT ecosystem the power of a token drop, if done right.

But the most important message from yesterday was one that Luca delivered to us during the FOMO HOUR show, where he said this is his "end game" and he plans to do this for 15-20 years to make the PENGU brand a "Crypto Conglomerate."

Things are 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 $104M on the day; Solana was next with $4.8M and then Bitcoin with $4.8M
• ETH NFT leaders were mostly red; Punks +2% at 40.5 ETH, Pudgy -47% at 17.5, BAYC -3% at 18.1 ETH, Azuki -12% at 9.4 ETH
• Pudgy Penguin NFTs did fall from ~32 ETH floor to 17.5 ETH floor after the PENGU airdrop (~$60k at current prices); Lil Pudgy's are back to 1.84 ETH and Rogs are at 0.8
• LOVE Tennis (+120%), goblintown (+32%) & VeeFriends (+26%) led notable top movers
• BTC NFT leaders were mostly red; Bitcoin Puppets -9, NodeMonkes -6%, OMB -4%, Quantum Cats -4%
• The Runes leaders were mixed; DOG -7% at $830M mc, PUPS -14% at $160M, BDC even at $75M, GIZMO even at $23M

💰 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 ahead of Powell's comments; BTC -2% at $104,900, ETH -4% at $3,860, SOL -4% at $217, XRP -5% at $2.55
• BGB, VIRTUAL, MOVE led top alts, up 5-10%
• Memecoin majors are more red than majors; DOGE -5%, SHIBA -6%, PEPE -9%, WIF -11%, BONK -11%, MOG -4%
• Senator Cynthia Lummis says "2025 will be the year for Bitcoin and Digital Assets," vowing to work with Crypto Czar David Sacks to help make a legal framework for the crypto industry and a Strategic Bitcoin Reserve happen
• The US Senate Banking Committee has abandoned its efforts to advance anti-crypto Caroline Crenshaw for SEC Commissioner
• Ohio Representative Derek Merrin introduced the Ohio Bitcoin Reserve Act yesterday, aimed at creating a Bitcoin fund for the state
• Bitcoin Magazine CEO David Bailey says $250k Bitcoin is "One signature away" after drafting a potential strategic reserve bill for the President
• Bitwise launched a Solana staking ETP in Europe for $BSOL

🚀 Memecoin Movers 

• $UFD (+28,000% to $28M market cap, SOL)
• $TEMA (+95% to $24M market cap, SOL)
• $ZODS (+95% to $15M market cap, SOL)
• $SS (+94% to $14M market cap, SOL)
• $TRUST (+70% to $44M market cap, SOL)

📈 NFT Floor Price Increase (ETH)

• FishBallerz (140%, 0.04 ETH Floor)
• LOVE (120%, 3 ETH Floor)
• goblintown (65%, 0.43 ETH)
• MetaWinners (15%, 0.08 ETH)
• CyberBrokers (15%, 0.19 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.