Morning Minute: Metamask confirms token, AirDrop SZN Income

Morning Minute is a daily newsletter written by Tyler Warner. The presented analysis and opinions are of him and do not necessarily reflect those of Decrypt. Subscribe to the morning minute substitute.

GM!

The best news of today:

• Crypto Majors withdraw after post-fomc Rally; BTC -1% at $ 116,300
• Joe Lubin confirms the metamask -token that “very soon”
• Plasma states minstet Debut & XPL -Token TGE before September 25
• Pump pleasure crosses $ 100 million in pump purchasing (the pump drops 7%)
• Kevin Durant regains access to Coinbase wallet lost in 2016 when BTC was $ 600

🪂 Airdrop season income

Everyone likes screaming “Wen token?”

Well, the answer for various large protocols is now ‘soon’.

📌 What happened

Yesterday, co-founder of Consensys Joe Lubin confirmed That a metamask -token ‘very quickly’ comes.

We know no other details afterwards, and gambling markets have the mask -token in September with only 3%.

So it’s probably not next week.

But so far there was no formal confirmation that a token would ever come. Now that has changed.

And add it soon to the growing list of important protocols that will soon drop tokens:

• OpenSea Just moved to the “final phase” of his pre-tge Rewards program and told users to expect tokend retails at the beginning of October.
• On the L2 front, Base Finally the calm part said aloud: Jesse Pollak told reporters that the network is exploring a native token, with still planning early.
• Pump Is somewhat different from the rest with its pumping smoking live for trade, but not yet AirDrop … not yet. The Pomplucht is expected in Q4 2024 (47% by the end of 2025).
• Meteora Materials indicate an October tge before with.
• Finally, Polymarket Token Chatter is in force again, in addition to reports of a financing round that could appreciate the company up to $ 10 billion.

AirDrop Szn is really coming.

🗣️ What they say

“One thing to think about with the Metamask and OpenSea is that there are many cemetery portfolios that have not been for a long time. Depending on how they structure the AirDrop, you may see many dead portfolios forced to claim.” – Threadguy

🧠 Why it matters

This is fairly easy to explain – we love free money.

Free money is good for the crypto ecosystem.

Airdrops from protocols such as Metamask and OpenSea have long been written off by most users. Now they are actually incoming, probably in the next 3-6 months.

Not to mention big money in the Solana Eco in the very near future, thanks to meteora and pump pleasure. (And Polymarket is just a nice surprise).

So what does it mean?

AirDrop -money usually stays in the casino.

Expect Booms in activity on Solana (thanks to Met & Pump), NFTS (thanks to the sea) and perhaps even the wider crypto -eco (mask, poly).

Moreover, the timing is great with crypto -majors within 10% of the ATH, a speeding cycle that is just starting, ETFs that are about to explode and the that -trading shows signs of life again.

As the children say, Q4 becomes a movie …

🌎 macro crypto and memes

A few crypto and web3 headlines that caught my attention:

• Crypto Majors are red and withdraw after the post-FOMC meeting; BTC -1% at $ 116,300, ETH +-1% at $ 4,510, XRP -3% at $ 3.02, Sol -2% at $ 240
• Aster (+32%)IMX (+10%) and almost (+8%) LED top movers
• MSTR -Voordrable jumped on Thursday with 7% and performed better than the 2% Rally from Bitcoin
• The Bitcoin ETFs saw $ 163 million in net inflow, while the ETH ETFs led by $ 213 million
• Google Cloud and Eigenlayer A partner to make Eigenwoud The verifiable backbone for AP2 -agent payments between cards, bank rails and stablecoins
• Coinbase introduced USDC loans within its app, allowing users to achieve yields up to 10.8% via Morpho
• The White House Looks at other CFTC chairs after the confirmation of Brian Quintenz has stalled, at least partly due to criticism from the Winkervoss Brothers
• Crack collaborate with Legion to make debut “Kraken Launch”, A token sale platform that brings IPO style, reputation-set assignments and early tokent access to millions of users with its first sale “soon”.
• Kevin Durant KONTE Access to Bitcoin, he lost to Coinbase “access to Coinbase in 2016, which he bought when Bitcoin was ~ $ 600

In Bedrijfstratten / ETFs

• Brera Holdings Rebranded to ‘SOLMATE’ and announced a $ 300 million private raise to build a Solana Treasury (Brea shares Short +500%)
• The Doge ETF $ Doje yesterday did a volume of $ 17 million in his debut, enough to make a top 5 debut for an ETF this year
• The first Crypto Index ETF Launches today Van Grayscale, including BTC, ETH, XRP, Sol and Ada

In memes

• Memecoin -Leiders are very red along with Majors; Doge -3%, Shiba -3%, Pepe -3%, Pengu -3%, Bonk -3%, Trump -2%, SPX -8%and Fartcoin -2%
• 1 LED top movers again, an increase from 100% to $ 12 million; Mesa +2500% to $ 2.6 million was another remarkable mover

💰 Token, AirDrop & Protocol Tracker

Here is an overview of major token, protocol and airdrop news of the day:

🤖 Ai x crypto

Section dedicated to headlines in the AI ​​sector of Crypto:

• General market capitalization -4% at $ 13.6 billion, leaders were red
• Crooked (-1%), Virtual (-4%), Tibbir (-5%), Aixbt (+1) and AI16Z (-4%)
• Hyper (+41%) and Tetsuo (+14%) LED Top Movers
• Talus Labs his test network debuted Together with $ 125,000 in cash prizes for a new AI agent game

🚚 What happens in NFTs?

Here is the list of other remarkable headlines of the day in NFTS:

• ETH NFT leaders were usually flat; Punks -1% at 47.9 ETH, Pudgy even at 10.5, Bayc even at 9.3 ETH
• Crypto todick butts (+13%) and Meebits (+10%) were top movers
• Abstract NFTs Saw a lot of green led by Roach Racing and Bearish
• Gondi his gondi -purchase bundler rolled outso that users can buy NFTs over market places without needing the full purchase amount (using existing loan offers for the difference)