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BIGGEST MEMECOIN NEWS EVER!!!
Crypto's Uncertain Future With Politicians + Polymarket CEO House Raided + Two Week Crypto Recap
Hype Train
November 14, 2024
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
TWO WEEK RECAP??😍
POLYMARKET CEO RAIDED?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 3:00 pm EST on November 14th
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $89,477 | $1.8 Trillion | -0.9% |
$ETH | $3,145 | $378 Billion | -0.8% |
$SOL | $215.58 | $101 Billion | +2.2% |
HYPE INDEX🐐
$4.01 | $4 Billion | -4.8% | |
$0.00003811 | $2.6 Billion | +7% | |
$1.77 | $1.7 Billion | -0.1% | |
$0.000002350 | $917 Million | +12.8% | |
$0.04847 | $465 Million | -1% | |
$0.5077 | $282 Million | +13% | |
$0.1758 | $175 Million | +25.4% | |
$0.08104 | $79.6 Million | +34.5% |
NEW SCHOOL OF TRADING
$0.1078 | $97 Million | +7.7% | |
$0.0725 | $72 Million | -7.1% | |
$0.9221 | $69 Million | +21.4% | |
$0.03902 | $37 Million | +35% | |
$0.007283 | $7.2 Million | +12.4% | |
$0.004309 | $3.4 Million | -2.8% | |
$0.002279 | $2.2 Million | +1.3% | |
$0.0011 | $1.1 Million | +30.5% |
BIGGEST MEMECOIN NEWS OAT🫡
$4.01 | $4 Billion | -4.8% |
Coinbase announced it would add the Solana-based memecoin Dogwifhat (WIF) to its listing roadmap, sparking a surge in WIF’s price. WIF hit $4.21 after the announcement, marking its highest level since March. If liquidity conditions are met, Coinbase will launch WIF-USD trading in phases starting at 3:30 p.m. ET, though access may be restricted in certain regions.
Dogwifhat’s listing follows Coinbase's recent addition of Pepe (PEPE), which jumped 30% on the news. The excitement around WIF and PEPE reflects a growing interest in memecoins on major exchanges, including Coinbase and Robinhood. Following the news, WIF’s market cap climbed to $4.1 billion, positioning it just below Cronos (CRO) and Uniswap (UNI).
Coinbase’s embrace of memecoins like WIF marks a shift in the exchange’s stance on assets with low utility but high market demand. As a result, open interest for WIF soared 40% to $3.9 Billion in volume, with many traders placing bullish bets on increased visibility for the token. The recent surge of memecoins like WIF and PEPE illustrates a “memecoin supercycle,” with tokens from Dogecoin to new players like PNUT gaining momentum.
Man’s best friend with a hat.
WIF is available for trading.
— Coinbase 🛡️ (@coinbase)
9:40 PM • Nov 13, 2024
CRYPTO’S UNCERTAIN FUTURE IN THE GOVERNMENT? 😱
Massachusetts Senator Elizabeth Warren, known as a strong crypto critic, will step up as the leading Democrat on the Senate Banking Committee starting in 2025, replacing Ohio’s Sherrod Brown, who lost his reelection. This committee oversees critical financial regulations, including crypto legislation, which Warren has often targeted for stricter oversight, linking it to criminal activity and consumer risks. With the Republicans gaining Senate control, Warren’s new role positions her to influence the debate, even if the GOP sets the agenda.
Coinbase's Chief Legal Officer Paul Grewal supported crypto PACs that poured over $40 million into campaigns opposing crypto-critical lawmakers, contributing to Brown's defeat. Grewal remarked that preventing Brown from chairing the committee was worth the trade-off of having Warren as ranking member. Meanwhile, Sen. Cynthia Lummis, a crypto advocate, announced plans for a "strategic Bitcoin reserve," underscoring the polarized stance Congress is likely to adopt on crypto regulation in the coming years.
POLYMARKET CEO RAIDED??🗣
$🦅 | $0.0211 | $20.8 Million | +36,240% |
The FBI raid on Polymarket CEO Shayne Coplan’s Manhattan apartment has stirred controversy, especially given Polymarket's recent success in predicting Donald Trump’s election win over Vice President Kamala Harris, which conflicted with traditional polling. Coplan, who was at home when agents arrived early Wednesday, had his phone and other devices seized. A Polymarket spokesperson suggested the raid was "political retribution," as the platform accurately forecasted Trump’s victory, potentially upsetting certain political interests.
Polymarket has navigated significant legal challenges in the U.S. before. In 2022, it paused U.S. trading and paid a $1.4 million settlement to the Commodity Futures Trading Commission (CFTC) for unregistered activity. The platform, which primarily operates outside the U.S., continues to face scrutiny from regulators like France’s Autorité Nationale des Jeux. Adding to the intrigue, a French trader, alias "Théo," reportedly won $85 million betting on Trump through Polymarket, sparking further regulatory interest.
Amid the ongoing political drama, Polymarket and its venture capital backers, including Trump supporter Peter Thiel, remain central figures in the intersection of crypto, politics, and predictive markets. As a result, a memecoin was made in Coplan’s name, and the ticker is $🦅. The eagle hit a market cap of $46 Million, and has flown down to $20.8 Million.
Polymarket called it.
You called it.
In the face of adversity, we build 🦅
— Polymarket (@Polymarket)
4:16 PM • Nov 14, 2024
TWO WEEK RECAP!
What a wild two weeks its been, as this has been by far the biggest month for crypto ever. Just take a look at this tweet below about all that has been done during this fortnight. So much going on, but I hope the Hype Train kept y’all updated.
polymarket predicts election
us wants to buy 1m btc
trump hires elon + vivek for doge
mcdonald’s + doodles nfts
cobie calls for $250k btc
giga wicks -85% (recovers)
binance lists token for euthanized squirrel, it goes to billions
binance lists act at $18m ($836m now)
robinhood… x.com/i/web/status/1…— croissant (@CroissantEth)
4:23 AM • Nov 14, 2024
MEME OF THE DAY
Marco Rubio??? Really???
— Keaton Patti (@KeatonPatti)
8:16 PM • Nov 13, 2024
HOT NEW COINS (24 Hr)📈
$🦅 | $0.0211 | $20.8 Million | +36,240% |
$CHEIF | $0.001734 | $1.7 Million | +1,613% |
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.