The Morning Minute (11.5) ⏰Top News: -Crypto majors fall another 2-5% but begin to recover; BTC at $102,300 -Mando vs KBM bet resolves as Bitcoin briefly slips below $100k -ZKsync shares plans for ZK token utility, pumps 25% -Gemini shares plans to launch a prediction market -Sequans DAT sells $100M in Bitcoin, becomes latest DAT seller 🌎 Macro Crypto and Memes -Crypto majors are down another 2-5% but recovering after Bitcoin wicked below $100k; BTC -2% at $102,100, ETH -5% at $3,320, BNB -1% at $945, SOL -2% at $157 -ZK (+24%), DASH (+12%), ASTER (+12%) and HYPE (+9%) led top movers -Liquidations topped $1.7B on Tuesday as Bitcoin slid below $100k and ETH fell near $3,000 -Fear and Greed notched up 2 points to 23 but remains in Extreme Fear -Berachain restarted its chain after a ~day-long shut down following the Balancer exploit, funds returned -Chainlink introduced the Chainlink Runtime Environment (CRE), allowing institutions to deploy smart contracts across multiple blockchains with built-in compliance and legacy finance integration -Gemini plans to launch a prediction market and applied for a DCM license from the CFTC back in May -Marathon Digital (MARA) revenue hit a record in Q3 at ~$252M as they continue expansion into AI compute services In Corporate Treasuries / ETFs -The Bitcoin ETFs saw $566.4 in net outflows on Tuesday, with ETH seeing $219.4M in outflows -The Solana Bitwise ETFs saw $15M in net inflows keeping the streak going -Sequans (semiconductor manufacturer turned BTC DAT) sold $100M in Bitcoin, becomes latest DAT to begin to unwind -Hut 8 joined the top-10 public BTC treasuries with holdings surpassing 13,000 BTC -Saylor’s STRC hit $100 for the first time on Tuesday In Memes -Memecoin leaders are mixed after their recent downturn; DOGE -1%, Shiba -2%, PEPE -2%, PENGU even, BONK +1%, TRUMP -1%, SPX +4%, and FARTCOIN +2% -jellyjelly briefly spiked to $500M before retracing nearly 60% to $222M -1 (+80% to $27M) and ALCH (+27% to $70M) were notable movers 💰 Token, Airdrop & Protocol Tracker -MoonPay partnered with Pump Fun to allow onramping with Revolut, Venmo, Google Pay & PayPal into the Pump app -ZKSync announced utility plans for its ZK token, including buybacks and burns -Timefun announced that it is closing shop and transitioning to a new product (over time), and that anyone with funds on the app should start the process of withdrawing 🚚 What is happening in NFTs? -NFT leaders were mixed but recovering Punks -1% at 35.5 ETH, Pudgy +2.5% at 5.56, BAYC +1% at 5.9 ETH; Hypurr’s +2% at 895 HYPE -Moonbirds +27% and Kodas +15% were notable movers -Cooper Flagg’s first NBA Top Shot Moment (jersey match serial) sold for $14,000 in burned Moments on Tuesday (then resold for $12,500) -NBA Top Shot also introduced an updated marketplace UI with price history, trends, new analytics and more -Virtuals and Pudgy Penguins partnered to introduce Pudgy AI, allowing users to turn any post into tailored Pengu videos with the help of an AI assistant