The Morning Minute (11.14) Powered by @yeet ⏰Top News: -Crypto majors nosedive, fall 8-12%; BTC at $95,000 -Canary’s XRP ETF debuts with biggest volume of the year -Jack Dorsey’s Cash App announces stablecoin payments on Solana coming 2026 -Polymarket announces partnership with UFC -Magic Eden announced ME token and NFT buybacks 🌎 Macro Crypto and Memes -Crypto majors are down 7-12% in one of the year’s biggest selloffs; BTC -8% at $95,200; ETH -11% at $3,100, BNB -7% at $895, SOL -12% at $137 -ZEC (+12%) and LEO (+1%) led top movers -Bitcoin miners and crypto stocks were hit hard alongside crypto majors, with MSTR -7%, COIN -7% & HOOD -9% -Crypto Fear & Greed remained in Extreme Fear at 16 -JPMorgan analysts flipped bullish on Circle, upgrading the stock to Overweight -Jack Dorsey’s Cash App announced stablecoin payments on Solana and other networks coming in early 2026 -China state-backed hackers allegedly used Anthropic’s Claude Code to help orchestrate a large cyberattack intruding ~30 companies -Epstein estate emails referenced Bitcoin discussions between Brock Pierce and Larry Summers at Jeffrey Epstein’s Manhattan townhouse -Emory University doubled its Bitcoin holdings in Grayscale’s BTC Trust to $52M In Corporate Treasuries / ETFs -Canary’s XRP ETF debuted with $58M in volume, the most of any ETF launch this year edging out BSOL’s debut from a few weeks ago -The Bitcoin ETFs saw $866.7M in net outflows yesterday, their worst day since Feb 25 -The largest Solana DAT Upexi announced a $50M share buyback program In Memes / Onchain Movers -Memecoin leaders are down 10% along with majors; DOGE -10%, Shiba -8%, PEPE -13%, PENGU -5%, BONK -10%, TRUMP -7%, SPX -20%, and FARTCOIN -12% -WOJAK (+50%) and RACER (+1,800%) led Solana onchain movers 💰 Token, Airdrop & Protocol Tracker -Polymarket announced an exclusive partnership with the UFC, including broadcast and social media content -MoonPay rolled out its new enterprise stablecoin business -Uniswap announced Continuous Clearing Auctions as new way to bootstrap liquidity for tokens -dydx shared that its community voted to use 75% of revenue to do token buybacks (an increase from 25%) -Infinex announced its next airdrop stage Craterun starting on December 1 with $2.5M in cash and prizes and up to 10% of the INX token supply -Yeet’s sportsbook officially went live 🚚 What is happening in NFTs? -NFT leaders were very red along with crypto majors; Punks -5% at 33 ETH, Pudgy -6% at 5.5, BAYC -2% at 6.3 ETH; Hypurr’s -9% at 675 HYPE -Quine (+37%) were a notable mover -Magic Eden announced $ME token and NFT buybacks using 30% of secondary marketplace revenue
Find out just how bad the overnight price action was along with reasons to remain bullish in today's newsletter
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