Todays Top Stories

Editor: @GreenCandleJack

$ME will Drop on December 10th

What better topic for a Saturday then… Free money!

The ME Foundation has set December 10 as the launch date for its highly anticipated Solana-based ME token, tied to the leading NFT marketplace Magic Eden. The airdrop, estimated to be worth over $500 million based on pre-market trading prices, will reward users of Magic Eden’s Bitcoin Runes exchange and cross-chain NFT marketplace. Originally a Solana NFT marketplace, Magic Eden has expanded to dominate Bitcoin Runes and cross-chain NFT markets, maintaining the highest market share among NFT platforms over the past six months.

Key Details

• Airdrop Mechanics: Eligible users will be able to claim tokens via the Magic Eden Wallet app. Allocations will likely be based on organic trading activity, cross-chain transactions, and loyalty to the platform.

• Token Supply: 12.5% of the total supply (125 million ME tokens) will be unlocked for immediate claiming, valued at approximately $312 million. An additional 22.5% (225 million tokens) is reserved for future incentives.

• Pre-Market Valuation: Pre-market trading has pushed the ME token price as high as $4.50, valuing the airdrop at $562 million, although Coinbase users value it lower at $3.41.

• Diamond Conversion: The Diamond to token conversion rate is still unknown to the public as of this moment.

Next Steps for Users

• Magic Eden Wallet: Install Magic Eden wallet, since the claim is probably exclusively accessible through the marketplace’s own wallet.

• Eligibility Tool: An eligibility-checking tool will be released before December 10th, possibly December 4th.

• Claim Date: Tokens will be claimable starting December 10th,

The launch underscores Magic Eden’s evolving ecosystem and commitment to rewarding its community while supporting cross-chain innovation and has many trader eagerly watching their Diamond bags.

Top Stories | Blockchain Association priorities for Trump’s first 100 Days.

The Washington DC-based Blockchain Association has urged Donald Trump to prioritise cryptocurrency and blockchain regulatory reforms during his first 100 days in office. The advocacy group’s letter outlines a five-point plan aimed at overhauling federal oversight to foster growth in the crypto sector and move away from the current “regulation by enforcement” approach.

Key Points of the Plan

1. Fit-for-Purpose Framework: Develop a regulatory framework for digital assets that promotes innovation while protecting consumers.

2. End Debanking Practices: Ensure cryptocurrency businesses have fair access to banking services.

3. Leadership Changes at the SEC: Appoint a new SEC chair to roll back policies such as SAB 121, which is considered anti-crypto by industry insiders.

4. Treasury and IRS Reform: Appoint crypto-friendly leadership at the Treasury and IRS to create policies that support the industry.

5. Crypto Advisory Council: Form a council to collaborate with Congress and regulatory agencies on cryptocurrency policies.

Challenges and Context

• The plan assumes cooperation from Congress, which could face partisan gridlock.

• Trump’s team is already deliberating on creating a White House role dedicated to cryptocurrency regulation.

• Key Treasury appointments, including possible candidates Kevin Warsh or Scott Bessent, could shape the direction of policy.

The Blockchain Association argues that Trump’s administration has a unique opportunity to reverse the hostile regulatory environment that has driven crypto innovation offshore.

Top Stories | Saylor Gives Insight into MSTR’s Strategy After Critics Express Doubts

Michael Saylor was hosted on CNBC’s Squawk Box to provide insight and rebuttal in response to recent criticisms about the funding tactics used to buy more Bitcoin, as well as the value and trading volume compared to its actual net worth. It’s a 10-minute, well-educated explanation about the business mechanics behind the most Bitcoin-bullish corporation in history, straight from the horse’s mouth. Definitely worth a listen, in my opinion, if you have 10 minutes to spare this weekend.

Earlier today, Saylor shared a statistic highlighting the incredible results of his work, conviction, and innovative investing instincts. He reported a 1,000x return on MSTR stock since 2002—a time when many of you reading this may not have even been old enough to think about stocks. Congratulations Michael, truly an inspiring achievement!

Top Stories | $DOG needs your Vote!

Considering how the Kraken Futures market has fueled the past week’s massive $DOG boom, and given that Kraken’s general volume pales in comparison to Binance’s, this might well provide an additional and massive second leg to the slightly stalling $DOG and overal RUNE move.

Daily Bites

Todays Markets

Ordinals

We’re entering the weekend in a better state than we left earlier this week. After a few days of losses across almost all top projects, today we’ve seen some green on top collections. Most notably, there’s been a massive jump in volume for Puppets. While all other projects remain relatively stable in volume, Puppets raked in more volume than the entire top three yesterday, which also included the Puppets themselves.

In addition to the volume spike, Puppets saw a very welcome 10% increase in price.

With Nodemonkes continuing this week’s downward trend, losing another 8%, the gap between the two projects widens further.

Runestone also lost another 8% today, further deepening its decline.

OMB managed to gain 3%, recovering some of yesterday’s losses and starting the weekend on a note of green.

Quantum Cats continued doing what they do best—staying stable. Their negligible 0.1% price decrease reflects their consistency.

Pizza Aliens lost 6%, but they managed to stay in the top 10, which is a commendable feat for a newer project.

Lasogette was today’s biggest gainer, with a 13% increase in price.

The Based Angels once again defied the red trend with a small but positive 1.6% gain.

Unfortunately, $DOG and Bitmap both suffered 10% losses today, closing out the top 10 with a negative performance.

Runes

Top Runes are also showing slight improvement today, with the entire top three in the green, including a newcomer with massive gains!

$DOG retains its position as the top dog in volume and translated that into a price gain of $4 today.

Blockpool Desci, a newcomer Rune, rocked the top three with an impressive 235% gain today. As a 24-hour-old Rune, its volume is remarkable, though it should be taken with caution. Sustaining this momentum for more than a day will be the true test.

Pups finally returned to gains with a modest but welcome 4.44% price increase.

However, Cypher Genesis, Billy, Gizmo, and Memento Mori compounded yesterday’s losses with additional price drops ranging from 9% to 13%.

A big winner today is Skynet Neural AI, a newcomer making waves after dropping out of the top 10 for a day. It posted a significant 68% price increase today.

RSIC remained resilient, maintaining a small but respectable 1% gain in this challenging market.

Finally, Tanuki suffered an 8.5% loss today, rounding out the week’s red zone stats.

Todays Opportunities

Minting This Week

No more mints for this week at its end. Come back next week to find a new list of winning minst for our ExtraOrdinal holders.

• Bitcoin Dragons (Platinum) - Ends on Saturday at 20:14 UTC

• Bitcoin Dragons (Gold) - Ends on Saturday at 20:16 UTC

Giveaways

Todays giveaways are listed below.

There are always more giveaways aroeund the corner, so join the Discord below and make sure you have notifications on so you don’t miss out when the next ones go live!