Kamala Shares Positive Thoughts on 'Digital Assets'
Plus memes and AI tokens have big weekend - find out which ones won.
TylerD's Market Summary
GM!
Today's top news:
Crypto majors up 1-2% to start week, ETH leads
AI tokens pop 20% led by TAO, now at $4B mc
NEIRO, MUMU & MOODENG drive big weekend for memes
Kamala shares first positive crypto remarks at Wall St fundraiser
Firedancer goes live on Solana mainnet
💸 Kamala Harris Promotes Innovation for 'Digital Assets'
It's been no secret in crypto circles that Trump is the more crypto-friendly presidential candidate.
He's given speeches at Bitcoin Nashville, has a distinct section on crypto in his Policy document, and most recently did a crypto-themed interview with notable crypto founder Farokh.
But while Trump was hosting an NFT dinner at Mar-a-Lago last night, Kamala Harris was the one making bigger headlines.
What Happened?
Yesterday, Kamala Harris made her first crypto remarks since she's been on the campaign trail, encouraging innovation in the sector.
Her exact words:
"We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road."
This came after Anthony Scaramucci announced during Token 2049 that he has been working with the Harris campaign to develop crypto policy.
While many in the right-leaning Crypto Twitter space are skeptical, some founders are sharing their excitement with Harris's crypto revelation.
Enter Hayden Adams, founder of Uniswap:
When questioned about why she hasn't done more in her 4 years as VP, he went on to state:
"Agree Biden has been terrible for crypto and tech
She is signaling her admin will approach it differently / be more pro innovation
Fine if you don’t believe it
Personally I think positive statement from sitting VP w/ 52% chance of being president (polymarket) is progress"
Why It Matters
It's increasingly clear that Kamala is trying to distance herself from the Biden administration as she shares more information on her policies.
The question of course - will she actually deliver on those promises or is she just pandering to get votes?
While we can't know the answer for now, I'd argue its majorly -EV to continue to be hostile to the candidate with a slight lead in the election.
Continued hostility is not helping anyone out, and making crypto a partisan issue is also a long-term negative.
Leaders and participants should be trying to work across the aisle to make sure crypto's future in America is bright.
Shoutout to the level-headed founders like Hayden for leading by example.
🚚 What else is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
Ethereum led NFT trading volume with $2.9M on the day; Bitcoin was next with $2.7M, and then Solana with $1.9M
ETH NFT leaders mostly chopped over the weekend; Punks even at 28.8 ETH, Pudgy even at 10.75, BAYC even at 11.87 ETH, Azuki +2% at 5.75
Dark Machine (+30%) and Bricktopians (+25%) were notable top movers
BTC NFT leaders were very green up 5-15%; NodeMonkes +15% at 0.182 BTC, Puppets +17% at 0.108 BTC, OMB +8% at 0.16, Quantum Cats even at 0.235
The Runes leaders were mixed with DOG +1% at $254M mc, RSIC -4% at $60M mc, PUPS even at $31M, and BILLION DOLLAR CAT +22% to $22M
Solana NFTs were red; Mad Lads -5% at 55 SOL, SMB Gen 2 -2% at 26, DeGods -5% at 21.5 SOL, Claynos -5% at 14.8
A Lost Robbie sold for 200 ETH ($500,000) over the weekend while a serial #1 DOOMED by XCOPY sold for 55 ETH
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token, protocol and/or airdrop news from the day:
Firedancer went live on Solana mainnet during a demo on Saturday, while the team also shared plans for a new internet fiber layer to make the internet faster
Sanctum announced a new Cloud Card product released in partnership with Jupiter allowing sending of SOL and stablecoins in 100+ countries
Magic Eden announced that its switching to optional royalties ahead of its upcoming $ME token launch
Layer Zero shared that the ZRO claim period ended and that unclaimed tokens are reallocated to eligible users
ARMY (formerly Pacmoon) announced a Community Takeover (CTO) with the original team stepping away (price fell X% to $500k mc)
Hamster Kombat shared new details for its $HMSTR token airdrop coming Sept 26, going to 131M eligible wallets
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
Crypto majors are mostly green this morning; BTC +1% at $63,430; ETH +2% at $2,640, SOL -1% at $144; TAO led top movers up 128% to a $4B mc
Memecoin majors mostly chopped with DOGE +1%, PEPE -1%, WIF +1%, BONK -1%, MOG +4%, POPCAT +11%; MOODENG soared to $50M after being featured in a Beeple Everyday (now $42M)
The SEC approved options on BlackRock's spot Bitcoin ETF
BNY Mellon was given approval to custody Bitcoin, the first major bank to receive this exemption from SAB 121
Kamala Harris promised to help grow AI and digital assets at a Wall Street fundraiser
Coinbase announced plans to bring cbBTC to Solana
Iggy Azalea shared plans for a new online casino Motherland amidst a raucous party at Breakpoint
🚀 Memecoin Movers
$MUMU (+50%, $136M market cap, SOL)
$hehe (+40%, $30M market cap, SOL)
$NEIRO (+38%, $486M market cap, ETH)
$tooker (+19%, $12M market cap, SOL)
$NUB (+19%, $12M market cap, SOL)
📈 NFT Floor Price Increase (ETH)
Impostors UFO (70%, 0.08 ETH Floor)
ALTS by adidas (30%, 0.11 ETH)
Bricktopians (25%, 0.1 ETH)
NFTrees (21%, 6.06 ETH)
Voxelglyph (19%, 1.98 ETH)
🗓 Upcoming Mints and Events
Today is a busier day of drops to start the week.
There's art and PFPs coming on Bitcoin with Nullish's DYSON SWARM a highlight.
Then Fernando Jerez is back with an Art Blocks drop "Roots," the first in quite some time.
See the full list and dive in for more details with Swizzy's daily mint monitor.
Beggy (10:00 a.m. ET)
Nullish - Dyson Swarm (11:00 a.m. ET)
cvr - ataraxia (11:00 a.m. ET)
Aneemoo's - Rejected (12:00 p.m. ET)
Fernando Jones x Artblocks - Roots (1:00 p.m. ET)
Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.d.warner@gmail.com.