The Morning Minute (2.26) ⏰Top News: -Crypto majors fall then rebound, BTC back at $88k -BTC ETFs see worst 2-day stretch with 1.5B in outflows -SEC drops case against Uniswap -Hyperliquid beats all chains and DEXes in 24-hour revenue -PayPal plans to ramp up adoption of its stablecoin this year, more product integrations 🌎 Macro Crypto and Memes -Crypto majors are mixed after another big sell off; BTC -1% at $88,000, ETH +1% at $2,450, XRP +4% at $2.27, SOL -2% at $137 -IP (+31%), XDC (+22%), BERA (+18%), TIA (+17%) and MKR (+12%) led alts -The Bitcoin ETFs saw their largest day of outflows with $1B, now $1.5B in outflows on the week -The SEC dropped its case against Uniswap, the latest in high profile cases dropped -PayPal plans to ramp up adoption of its stablecoin in 2025 and integrate into more products -Bybit is offering $140M in bounties to anyone who can help track down its stolen ETH from last Friday’s hack -The Ethereum Foundation director, Aya Miyaguchi, is shifting from its Executive Director to President amidst calls for leadership changes -Bitwise shared that 53% of 350 wealth managers surveyed plan to allocate to crypto in client accounts -Gamestop’s CEO received a letter urging the company to buy $5B worth of Bitcoin -Grayscale filed for a Polkadot ETF while its staked ETH ETF was acknowledged -Senator Lummis teased that today’s Senate Banking Subcommittee hearing on Bitcoin will be “a big deal” In Memes -Memecoin leaders were mostly green with DOGE +1%, Shiba +3%, PEPE +3%, TRUMP -2%, BONK -10% & PENGU +7% -FWOG and UFD each rebounded 25% on the day, now at $73M and $50M respectively 💰 Token, Airdrop & Protocol Tracker -Hyperliquid beat all other chains and DEXs in 24 hour revenue on Tuesday with $3.5M -Sui launched a new feature allowing for private connections using video, audio or text powered by Sui and Walrus -Kaito continued to soar with its token jumping 13% to $2 as staked KAITO voting goes live today -Monad teased that its “last day to be an early user” of its testnet -Geodnet, a Solana DePin project offering location data for drones and robots, raised $8M led by Multicoin -Hamster Kombat launched its own TON layer-2 for its game 🤖 AI x Crypto -Overall market cap rebounded 5% to at $6.1B as most leaders chopped -VIRTUAL (+4%), ai16z (-1%), FARTCOIN (-1%), ARC (+1%), FAI (+4%) -DOGEAI (+95%), AVB (+92%) and ALCH (+27%) led notable movers -Fartcoin leads mindshare; ARC top mindshare mover -Virtuals introduced Virtuals Ventures as the new Ecosystem Fund for the Virtuals Protocol, aimed at helping AI teams with funding and launch support -AssetDash teased its final touches on the Moby whitepaper, coming later this week -Activision admitted that its Call of Duty: Black Ops 6 game was built using generative AI 📰NFT Headlines: -ETH NFT leaders are mostly green; Punks -1% at 34 ETH, Pudgy +6% at 9, BAYC +1% at 13.1 ETH, Azuki -2% at 2.78; Kaito Genesis +13% to 3.45 -V (+55%), Wassies (+31%) and Mintify Genesis (+25%) led top movers -BTC NFT leaders were mixed; Bitcoin Puppets -15%, NodeMonkes -12%, OMB +17%, Quantum Cats +7% -OMB completed a $6.7M primary sale for its Black Eyes Ordinals, selling 3,575 OMBs for 0.021 BTC each (floor now 0.029) -OCH Genesis Heroes soared 50% back to a 0.54 ETH floor, with the Genesis Rings up 38% to 1.69
Dig into the ETF outflows and market impact + catch up on all the day's headlines!
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