The Morning Minute (11.12) Powered by @yeet ⏰Top News: -Crypto majors rebounding after Tuesday selloff; BTC at $105,000 -Lighter raises $68M at $1.5B led by Founder’s Fund, Ribbit Capital -Winklevoss Capital funds new Zcash DAT, buy $50M ZEC -Circle beats Q3 earnings, eyes ARC token for its stablecoin chain -SoFi becomes first major fintech to roll out spot crypto trading 🌎 Macro Crypto and Memes -Crypto majors are rebounding after Tuesday’s selloff; BTC +1% at $105,000; ETH even at $3,550, BNB even at $978, SOL -2% at $159 -CC (+30%), SKY (+15%), DCR (+13%) and ASTER (+10%) led top movers -Meteora’s MET token soared 35% in the wake of the Uniswap fee switch news -ETH whales have bought $350M+ during this latest dip, with signs of the purchases coming from institutional players -Circle confirmed that they are evaluating an $ARC token for their stablecoin chain -Coinbase abandoned a planned $2B acquisition of stablecoin firm BVNK per Fortune report -SoFi rolled out crypto trading for its customers with BTC, ETH, SOL and more -JPMorgan launched its deposit token JPM Coin (JPMD) on Base, meant for institutional clients, in a major expansion of its blockchain products In Corporate Treasuries / ETFs -Biotech firm Leap Therapeutics rebranded as Cypherpunk Technologies and is launching a ZEC DAT seeded with $58.8M from a private plaement led by Winklevoss Capital -Canary Funds filed its form 8-A for its XRP ETF, now set to launch tomorrow In Memes / Onchain Movers -Memecoin leaders are mixed; DOGE -1%, Shiba +1%, PEPE +1%, PENGU -1%, BONK -1%, TRUMP -6%, SPX +3%, and FARTCOIN +1% -TIBBIR jumped 17% to $400M after Robinhood CEO Vlad Tenev replied to its AI agent on X -BITTY +237%, POPCAT +20% and WOJAK +28% led onchain SOL movers 💰 Token, Airdrop & Protocol Tracker -Lighter announced a $68M raise at $1.5B valuation led by Founders Fund, Ribbit Capital, Robinhood and others -Monad’s DEX Perpl launched on testnet in private beta, offering onchain perps with low fees -Injective launched its native EVM mainnet -Plasma announced a partnership with Daylight Energy to offer “electricity-backed returns” via its yield-bearing asset -Prophex introduced the “first perpetual prediction market,” offering dynamic odds, levered bets, virtual AMMs and more (PPX at $7.7M) 🚚 What is happening in NFTs? -NFT leaders were mixed; Punks even at 35 ETH, Pudgy +2% at 6.04, BAYC +1% at 6.49 ETH; Hypurr’s -5% at 820 HYPE -Infinex Patrons (+7%) were a notable mover