The Morning Minute (5.15) ⏰Top News: -Crypto majors are down 2-6%; BTC at $102,300 -Tether introduces QVAC as new decentralized AI project -Coinbase discloses data exploit and ransom request (funds are safe) -Maplestory’s NXPC token opens up at $3B -Believe App founder Pasternak says they’re going to slow down launches after $4.3M revenue day 🌎Macro Crypto and Memes -Crypto majors are red down 2-6%; BTC -2% at $102,300, ETH -3% at $2,550, XRP -6% at $2.47, SOL -6% at $171 -Blockstream CEO Adam Back believes Bitcoin is undervalued and could go to $500,000 - $1M during this market cycle -Coinbase shared a cyber criminal data exploit and extortion attempt which impacted <1% of users and no funds -The Ethereum Foundation announced a Trillion Dollar Security initiative, aimed at significantly enhancing the security of the Ethereum network to support large-scale adoption and asset management (target of 1B users with $1k each) -JPMorgan completed its first-ever transaction involving tokenized U.S. Treasuries on a public blockchain, utilizing Chainlink and Ondo Finance -White House official Bo Hines indicated that President Trump is on track to sign comprehensive crypto legislation, including stablecoin and market structure bills, before the August congressional recess -Meanwhile, Top House Democrats are seeking U.S. Treasury reports concerning the Trump family's crypto ventures, including the TRUMP meme coin and World Liberty Financial, citing potential misuse of political fundraising -eToro stock closed 29% higher at $67 following its Nasdaq debut ($5.4B market cap) -Outgoing CFTC Commissioner Summer Mersinger has been appointed as the new CEO of the Blockchain Association, effective June 2, signaling a significant move in crypto industry advocacy -Moonpay partnered with Mastercard for new stablecoin-powered cards allowing USDC & USDT to be spent at 150M+ merchants worldwide In Memes -Memecoin leaders were red; DOGE -4%, Shiba -6%, PEPE -3%, TRUMP -7%, BONK -6% & FARTCOIN -8% -Fartcoin flipped Bitcoin in spot trading volume on Hyperliquid -Launchcoin eco dominated the Solana market again, with the overall ecosystem seeing $679M in daily volume reaching $440M in market cap, earning the Believe App $4.3M in fees -Founder Ben Pasternak did declare that they intend to slow down featured new launches, which led to Launchcoin falling from its high of $350M to $270M -STARTUP (+1000%), UNICORN (+250%) and YAPPER (+26000%) were notable Believe app movers 💰 Token, Airdrop & Protocol Tracker -Maplestory’s NXPC token airdrop claim opened, with the token opening at $3B -Kamino Finance shared their Season 3 airdrop checker and rewards details -Wasabi is now offering the highest single-sided USDC and SOL yields on Solana according to data site Defillama -Rekt Brands teased a new potential drink flavor coming soon along with opening Season 2 REKT rewards claim -Squads unveiled 'Altitude,' a stablecoin-based account tailored for businesses, alongside securing strategic investment from Haun Ventures 🤖 AI x Crypto -Overall market cap fell 6% to $10.7B, leaders were mostly red -FARTCOIN (-8%), VIRTUAL (-4%), ai16z (-11%), GOAT (-7%), and FAI (+47%)) -Virtual led mindshare with a 27% share; Fartcoin and AXR are next -Hyped new Virtuals launch AXR debuted at $20M before falling to $15M -Tether has unveiled QVAC (QuantumVerse Automatic Computer), a decentralized AI platform designed to operate independently on personal devices, eliminating the need for centralized data centers -WalletConnect is incorporating AI agents and mobile-friendly features, aiming to streamline user interactions and reduce the need for repetitive wallet confirmations 🚚 What is happening in NFTs? -ETH NFT leaders are mostly red; Punks -1% at 46.9 ETH, Pudgy -10% at 9.6, BAYC +3% at 12.5 ETH -Recent NFT movers Ethos (+35%) and Biome Lumina (+31%) had strong days -Dickbutts (45%) and Meebits (+14%) led other notable movers -BTC NFT leaders were red after their recent rall ; Taproot Wizards even at 0.204 BTC, Bitcoin Puppets -12%, NodeMonkes -12%, OMB -11%, Quantum Cats -6% -Abstract NFTs were mixed with Dreamilio (+11%) and Abstract Firsts (+22%) leading