The Morning Minute (5.14) ⏰Top News: -Crypto majors are up 1-4% with ETH leading at $2,625 -Robinhood acquires Canadian crypto firm WonderFi for $180M -Abraxas Capital Management buys ~$500M of ETH over past week -Launchcoin ecosystem reaches $400M in size, sees $3.5M in daily fees -CryptoPunks IP acquired by The Infinite Node Foundation for a reported $20M 🌎Macro Crypto and Memes -Crypto majors are green with ETH leading; BTC +1% at $103,900, ETH +4.5% at $2,600, XRP +3% at $2.61, SOL +4% at $180 -RAY (+16%), PI (+13%), WAL (+11%) and ENA (+11%) led top alt movers -BlackRock’s IBIT BTC ETF broke its 20-day streak of inflows, coming in flat on Monday -Tether has purchased 4,812 BTC ($459M) to seed the treasury of 21 Capital, the new Bitcoin-focused company set to go public via a SPAC merger with Cantor Equity Partners -Robinhood acquired WonderFi for $180M as it expands its crypto services into Canada -VanEck launched VBILL as its first tokenised treasury fund on ETH, SOL and other chains, tokenized by Securitzie -Solana published a 26-page paper on tokenized equities outlining while their uniquely qualified to be the blockchain of choice -A Fidelity spokesmen gave a speech on Bitcoin, asking companies if they’re returning more than 65% on their invested capital and if not, telling them to buy Bitcoin -Abraxas Capital Management has bought ~$500M of ETH in the past week -Galaxy Digital posted a $295 million net loss in Q1, just before its planned Nasdaq debut -Arizona Governor Katie Hobbs vetoed bills that would have expanded the state's use of digital assets but signed legislation imposing strict regulations on crypto ATMs In Memes Memecoin leaders were green; DOGE +3%, Shiba +3%, PEPE +1%, TRUMP +5%, BONK +4% & FARTCOIN +5% Launchcoin dominated the Solana market again, with the overall ecosystem surging to $400M market cap led by LAUNCHCOIN running to $220M (+90%) GOONCOIN (+150%), BSCREENER (+550%) and AURA (+240%) were other notable Believe app movers 💰 Token, Airdrop & Protocol Tracker -Abstract head Luca Netz teased a Q4 TGE for $ABS on Tuesday -The Believe app generated ~$3.5M in fees on the day, more than Pump Fun -Kaito kicked off their partnership with Virtuals, with yappers and sKAITO holders staking 5k+ KAITO eligible to earn Virtuals Virgen points -Ethos airdropped 256 Ethos Validator NFTs to their top contributors, which opened at a 2.5 ETH floor -Hyperliquid added Fartcoin spot trading to its platform 🤖 AI x Crypto -Overall market cap jumped 1% to $11.4B, leaders were mixed -FARTCOIN (+5%), VIRTUAL (-2%), ai16z (-1%), GOAT (-8%), and AIXBT (even) -SHOGGOTH (+50%), VVAIFU (+30%), BNKR (+30%) and CLANKER (+25%) led notable movers -Virtual led mindshare with a 20% share; Fartcoin and REKT are next -Coinbase is adding encrypted messaging allowing for AI Agent communication for its Coinbase Wallet 🚚 What is happening in NFTs? -ETH NFT leaders are mixed with Punks leading; Punks +3% at 47.5 ETH, Pudgy -5% at 10.6, BAYC -3% at 12.1 ETH -Chubbicorns (48%) and Moncats (+20%) led notable movers -CryptoPunks jumped to 48 ETH ($128,000) after news of their acquisition by The Infinite Node foundation -BTC NFT leaders were very green again; Taproot Wizards +5% at 0.204 BTC, Bitcoin Puppets +3%, NodeMonkes +6%, OMB +21%, Quantum Cats even -Abstract NFTs went live on OpenSea leading to most collections jumping 10-20% -Refik Anadol sold out his project ‘Biome Lumina’ in 25 minutes, which consisted of 1000 pieces at $5k a pop ($5M raise), now at a 3.15 ETH floor -Meebits wearables went live for minting on OpenSea in partnership with PlayerZero