The Morning Minute (6.2)
Top News:
-Crypto majors fall overnight; BTC at $104,400
-CZ Binance says now is the time for a ‘dark pool’ DEX
-LOUD token launches Saturday night, sits at $11M
-Rekt Drinks share full ‘Ship Rekt’ mint details ahead of June 3 launch
-Moonbirds lead all NFT movers up 100%+ after Orange Cap Games acquisition
Macro Crypto and Memes
-Crypto majors fell over the weekend after stalls in US China trade talks; BTC even at $104,300, ETH -1% at $2,480, XRP -1% at $2.14, SOL +1% at $154
-XMR (+5%), KAIA (+4%) and FLR (+4%) led alts
-BlackRock’s Bitcoin ETF IBIT hit record inflows with $6.2B+ in May marking its best month ever
-Cantor Fitzgerald launched a Bitcoin-Gold Fund, offering Bitcoin exposure with downside protection based on gold prices, targeting risk-averse investors
-Bitcoin-Backed Stablecoins are emerging, with new stablecoins like Bitcoin Dollar (BTD) and USDaf launching, allowing users to mint dollar-denominated tokens backed by BTC
-Stablecoin usage is shifting to B2B, with Business-to-business stablecoin transactions reaching $36B, surpassing person-to-person transfers
-Congress introduced the CLARITY Act, a new bipartisan bill aiming to shift most crypto assets under CFTC oversight, reducing SEC authority
-Sharplink Gaming upped their raise from $425M to $1B to acquire ETH for their corporate treasury
-Rexshares filed for ETH and SOL staking ETFs, potentially launching within a few weeks
-FTX officially began its 2nd wave of distributions on Friday ($5B in size)
-CZ Binance said that now would be a good time for someone to launch a ‘dark pool’ DEX
In Memes
-Memecoin leaders were slightly green; DOGE +1%, Shiba even, PEPE +1%, TRUMP -1%, BONK +2% & FARTCOIN +2%
Token, Airdrop & Protocol Tracker
-Rekt Brands announced details for its Ship Rekt launch, with drinks minting as NFTs on Abstract via Opensea (price is 0.029 ETH)
-Kamino opened up its airdrop claim for Season 3 of its rewards program
-Aptos announces new $100k InfoFi rewards campaign for top 150 yappers
AI x Crypto
-Overall market cap fell 15% over the weekend to $9.8B
-FARTCOIN (+2%), VIRTUAL (+1%), ai16z (+11%), FAI (-2%) & AIXBT (+2%)
-AXR (+30%) and COOKIE (+16%) led top movers
-COOKIE led mindshare with a 22% share; Virtual and Fartcoin were next
What is happening in NFTs?
-ETH NFT leaders were mixed; Punks -1% at 45.7 ETH, Pudgy +1% at 9.53, BAYC -1% at 13.3 ETH
-Moonbirds soared 100% to 0.8 ETH after news that Spencer (known from Spencer Ventures and Orange Cap Games) acquired the IP from Yuga
-Infinex Patron NFTs jumped to 2.33 ETH over the weekend
-BTC NFT leaders were mostly green; Taproot Wizards even at 0.177 BTC, Bitcoin Puppets +9, NodeMonkes -4%, OMB +3%, Quantum Cats +11%
-Abstract NFTs were mostly red; Onchain Heroes SZN 2 launched on Abstract
-An XCOPY 1/10 ‘Mortal’ sold for $1.11M on Gondi
-Deekay Motion closes ‘Day & Night’ auctions with 34 ETH raised, but locks the ETH in a smart contract by mistake
