Todays Top Stories

Editor: @GreenCandleJack

Jim Cramer does it again!

The magical, living, and breathing counter-trading signal, Jim Cramer, has done it again! The moment we saw his comment on live TV, some of us immediately knew this couldn’t end well. Case in point: my own tweet, posted the second I saw Jim Cramer say, “Own Bitcoin, that’s a winner.”

Since that time, Bitcoin is down about 7%, as Cramer once again delivers a hard blow to an asset simply by mentioning it in a positive light. This drop comes amid a global decline in M2 money supply, which is usually seen as bearish for risk assets and could potentially signal more downside ahead. On the other hand, this downturn also comes as a predictable retracement from the massive exuberance sparked earlier this month when Donald Trump won the election.

Additionally, this week features three major economic events that typically bring slight downward market movements leading up to their announcements:

1. Minutes of the Fed’s November FOMC Meeting (November 26, 2024)

   The Federal Reserve’s minutes from the November 6 meeting, released on Tuesday, will provide insights into policymakers’ economic assessments and future rate cut trajectories. Investors are particularly interested in any discussion of post-election economic impacts and inflation risks tied to President-elect Donald Trump’s proposed policies.

2. Initial Jobless Claims (November 27, 2024)

   The latest jobless claims data, set for Wednesday, will highlight labor market trends following a period of improvement in unemployment rates. A steady decline in initial claims but rising continuing claims suggests employers are retaining workers, though job seekers face challenges.

3. US PCE Inflation Data (November 27, 2024)

   October’s Personal Consumption Expenditures (PCE) inflation data, due Wednesday, will indicate whether inflation is slowing and how it aligns with the Fed’s 2% target. Higher-than-expected PCE figures could weaken the US dollar, potentially boosting Bitcoin and other cryptocurrencies.

While some fear long-term downtrends, others believe this is the leverage flush the market needed to reset before making its unstoppable move toward $100,000. I guess the rest of the week will tell its story as it unfolds.

Top Stories | DMT One Year Anniversary

In super short news, but good to know if you’re free this evening and a DMT enjoyer. Today marks Digital Matter Theory’s 1-year anniversary, and who better to celebrate it with than the spiritual fathers of the theory—the guys from The Block Runner Podcast.

Top Stories | Pump.fun shuts down live streaming

The Solana-based meme coin platform Pump.fun has officially shut down its controversial live streaming feature after months of spiraling chaos and public backlash. Launched as a tool for token creators to promote their projects, the feature quickly devolved into a shocking spectacle of reckless and dangerous behavior, ranging from animal cruelty to suicide threats.

The platform, known for its easy-to-use meme coin creation services, became a hotbed for extreme stunts as developers sought to draw attention—and investment—to their tokens. What began as quirky antics, such as a mother dancing provocatively to support her son’s coin, escalated into grotesque extremes.

A Theater of the Absurd

One of the first viral videos of the platform was a teenager who allegedly dumped $30,000 worth of investor funds during a live broadcast, mocking and giving hem 2 middel fingers. However the livestream feature devolved rapidly enabling users to commit or threaten even worse outlandish acts in pursuit of financial gains. Here are some of the most harrowing incidents we’ve heard:

• A live streamer who endangered their pet goldfish during a broadcast.

• A developer promising to fire a weapon out of an open window

• Lost of sexual content only to clickbait and rugpull investors

• A streamer eating their own feces

• Child abuse 😡 

• A creator threatening to hang themselves if their token failed to hit a specific market cap

These events not only shocked the crypto community but also prompted public outcry, with users and industry leaders demanding the live streaming feature be removed.

Moderation Fails and Legal Risks
Despite promises from Alon, the pseudonymous founder of Pump.fun, to moderate content, the platform’s decentralised nature left it vulnerable to misuse. Legal experts have warned that the platform’s actions—or lack thereof—could result in criminal investigations. “Broadcasting such harmful content on a public platform could constitute grounds for both civil lawsuits and criminal charges,” said Yuriy Brisov of Digital and Analogue Partners.

The Shutdown and Its Aftermath
Yesterday Pump.fun announced the indefinite suspension of its live streaming feature. In a public statement, the platform cited user safety as the primary concern. “To ensure the absolute safety of our users, we will pause livestreaming until robust moderation infrastructure is in place,” the team said, promising clearer rules and greater transparency moving forward.

While some applaud the decision, others see it as too little, too late. Critics argue that Pump.fun’s failure to act sooner has already tarnished its reputation and provided ammunition for regulators and media to target the broader crypto industry.

The Bigger Picture
Pump.fun’s fall from grace highlights the darker side of meme coin mania and the challenges of moderating decentralised platforms. Pump.fun serves as a cautionary tale of how a lack of oversight and accountability (and honestly a SEVERE lack of functioning braincells) can spiral into chaos.

Top Stories | MicroStrategies Break Purchase record

Last week saw the EFTs break their inflow record with a massive $3.38 billion in net inflows between Nov. 18 and Nov. 22. Yesterday another record was broken by the ever-impressive MicroStrategy.

MicroStrategy bought another 55,000 Bitcoin for a total of $5.4B!

Another confirmed purchase today was by Semler Scientific adding another 297 Bitcoin to their treasury. Additionally, plans announced by multiple companies to add bitcoin to their treasury today are:

• Canadian Jiva Technologies plans to buy $1M in Bitcoin

• Video Platform Rumble is planning to buy up to $20M in Bitcoin

• Hut 8 is also teasing the expansion of their Bitcoin Treasury

Top Stories | Rest in Peace SatGods

It has come to our attention that SatGods Founder Brandon has lost his life in a mass shooting during a football match in Jamaica.

Thanks to this fellow builder for giving his time and energy to this space, you will be missed. In a chilling moment of foresight the founder added a personal message to his community to his will in May of this year.

Daily Bites

Todays Markets

Another Macro Monday video by @CryptoLandy

Ordinals

The downturn in the broader market and accompanying negative sentiment are now impacting the Ordinal collection market. While overall trading volume isn’t terrible, prices are taking a hit, with many top projects losing significant value.

Puppets remain in their familiar top spot but have dropped about 4% in price, a decline mirrored by Nodemonkes, which hold third place.

In second place is today’s highly anticipated mint, Airhead, which shows a staggering 99% drop. However, this figure is misleading, as the previous price referenced an earlier phase unrelated to this collection release. Still, the collection has fallen below its mint price, and users appear to have stopped claiming their whitelist mints.

Runestone is down 9%, equally to Quantum Cats, marking an uncommon and significant loss for this typically stable feline collection.

Pizza Ninjas make a surprising appearance in sixth place, achieving a 3% gain today—defying the overall market trend.

Based Angels dropped 8%, while the recent mint $DOG collection holds a spot in the Top 10 despite losing 50% of its value since the weekend, with a 17% decline just today.

Meanwhile, Bitmap failed to find favor on this one-year anniversary of DMT, losing 11%.

Finally, today’s winner in the #10 spot is Yokai Avengers, which gained 9%. A respectable feat on an otherwise grim day for the market.

Runes

The Runes market isn’t faring much better, with the top 10 collections showing mostly red and trading volume significantly lower than usual. The memecoin trend seems to have hit a temporary wall.

$DOG declined by 10%, with Pups falling even further, losing 13.5%.

Cypher Genesis stands out as one of the few winners today, as well as in recent days.

In fourth place, Bitcoin Brain AI, a mint from just a few hours ago, is up about 3x from its post-mint bottom. However, as a new mint, it should be approached with caution.

The rest of the leaderboard is dominated by more red, with Billy is down 6%, Tanuki shed nearly 10%, Gizmo suffered a 15% loss, similar to Satoshi Ishotas, which fell by 14%.

RSIC displayed its usual stability, losing only 3.69%, a “beautiful percentage,” though it would have been more welcome in green.

On a positive note, Based Internet Panda gained over 5% today, rounding out the list of green performers in an otherwise bearish market.

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.

Giveaways

Todays giveaways are listed below.

• Pixel Apes - Ends on Tuesday at 13:17 UTC

There are always more giveaways around 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!