TylerD 🧙♂️@Tyler_Did_It
The Morning Minute (7.14)
⏰Top News:
-Bitcoin smashes past $120k barrier, hits $121,750; ETH follows at $3,050
-Bitcoin flips Amazon stock to become 5th largest asset in the world
-US House of Representatives kicks off ‘Crypto Week’, to vote on 3 crypto bills
-Sonnet announces $888M HYPE corporate treasury, biggest to date
-PUMP trades at $6B on Hype Perps after ICO sale
🌎 Macro Crypto and Memes
-Crypto majors were very green with BTC hitting smashing through the $120k barrier; BTC +3% at $121,600, ETH +3% at $3,070, XRP +7% at $2.98, SOL +3% at $167
-ALGO (+16%), SUI (+14%), JASMY (+13%) and UNI (+12%) led top movers
-Bitcoin flipped Amazon stock to become the 5th largest asset in the world
-The Bitcoin ETFs posted back-to-back $1B+ days on Thursday and Friday with BlackRock’s IBT seeing an insane $953M on Thursday alone
-BlackRock's ETHA was the top 6 ETF in inflows last week, its highest to date
-The U.S. House of Representatives is entering “Crypto Week,” with the House likely to vote on the market structure bill, a stablecoin bill and a bill banning CBDCs
-Tether announced it will drop USDT support on five chains (Sept 1), ending redemptions and freezing USDT assets on Bitcoin Cash, Algorand, Kusama, Omni, and EOS networks
In Corporate Treasuries
-Sharplink (SBET) acquired another 16,374 ETH ($49M) OTC from Galaxy on Sunday
-Sonnet BioTherapeutics (SONN) announced an $888M business combination to form the largest HYPE treasury, expected to hold 12.6M HYPE ($580M)
-Upexi raised another $200M to buy more SOL via $50M in equity offerings and $150M in convertible notes
-BTCS doubled their ETH holdings from 14,600 to 29,122 ETH ($87M) primarily through ATM sales
-Strategy acquired another 4,225 more Bitcoin ($473M)
-Metaplanet bought another 797 BTC (~$94M), taking its total holdings to 16,352 BTC
In Memes
-Memecoin leaders were very green; DOGE +4%, Shiba +4%, PEPE +2%, BONK +4%, TRUMP even, PENGU +2% SPX +10%, an FARTCOIN +8%
-PENGU closed a +85% week, rocketing to the Crypto top 50 and reaching a $2.6B FDV
-Nobody (+30%) and NUB (+50%) led Solana movers
-REKT rebounded 50%+ from a Binance airdrop selloff to reach $185M and a new ATH
💰 Token, Airdrop & Protocol Tracker
-Pump Fun sold out its $600M ICO presale in less than 15 minutes on Saturday morning, with the PUMP perps trading at $6B on Hyperliquid
-PUMP perps on Hyperliquid saw over $555M in volume on Saturday, while Coinbase perps saw just $800k for perspective
-Yeet crossed $250M in lifetime volume on its platform
-Project X teased its launch happening today at 10 am ET
-Myriad launched in-play predictions for the first time in the MSI Grand Finals
-HeyAnon airdropped tokens to eligible Kaito yappers
🤖 AI x Crypto
-Overall market cap fell 2% at $10.7B, leaders were mostly green
-FARTCOIN (+8%), VIRTUAL (+3%), ai16z (+3%), GOAT (+2%) & AIXBT (+7%)
-YNE (+130%), TETSUO (+100%) and PROMPT (+22%) led top movers
🚚 What is happening in NFTs?
-ETH NFT leaders were very green even with ETH pumping; Punks +2% at 43 ETH, Pudgy +17% at 14.9, BAYC +10% at 11.5 ETH
-Moonbirds +27% to 0.72 ETH led notable top movers
-Coinbase changed its PFP on X to a Pudgy Penguin on Friday, setting off the Pudgy rally
-Bitcoin NFTs saw a huge pump with NodeMonkes (+63%), Quantum Cats (+50%), OMB (+20%) and Bitcoin Puppets (+16%) all jumping double digits
-Abstract NFTs were mostly green with Bigpool (+25%) and Klara (+20%) leading