Morning Minute is a day by day publication written by Tyler Warner. The evaluation and opinions expressed are his personal and don’t essentially mirror these of Decrypt. And take a look at our new day by day information present overlaying all the high tales in 5 minutes or much less, downloadable on Apple Pod or Spotify.
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At present’s high information:
Bitcoin passes $80K earlier than promoting off after Iranian missile strike
Readability Act odds soar to 65% on new stablecoin yield language
Tether Q1 attestation reveals $1B in revenue for the quarter
Hyperliquid’s HIP-4 prediction markets launch, does $10M quantity opening weekend
NFT market sees a number of grail gross sales, an Artwork Blocks run, Fidenzas and Masks leaping and extra in one other huge weekend
📈 Bitcoin Clears $80,000 Amid “Mission Freedom” Announcement
Bitcoin crossed $80,000 Sunday night time after President Trump introduced “Mission Freedom”—a US navy operation starting Monday to escort impartial international ships out of the Strait of Hormuz.
Trump known as it a “humanitarian gesture” on the request of nations whose vessels are stranded within the Gulf, and warned that any Iranian interference “will probably be handled forcefully.” Oil fell on the information as markets priced in the opportunity of partial Hormuz reopening for the primary time because the struggle started February 28. BTC responded instantly, hitting its highest stage since early February.
Notably, this Bitcoin motion got here on every week of decrease ETF inflows ($160M in internet inflows for BTC ETFs with $630M approaching Friday), and 0 bid from Saylor who didn’t purchase final week. That’s anticipated to vary this week, with STRC seemingly buying and selling again at par earlier than Friday.
Then early this morning, value reversed after stories that Iran struck a U.S. warship with 2 missiles. Oil spiked 4% again to $105, Bitcoin fell from native highs of $80,400 to sub-$79LK, and inventory futures flipped purple. Seems to be like we aren’t out of the woods simply but…
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✅ The Readability Act Simply Cleared a Main Roadblock
Senators Thom Tillis and Angela Alsobrooks launched the ultimate stablecoin yield compromise textual content Friday night time, eradicating what had been arguably the central impediment blocking the Digital Asset Market Readability Act from advancing.
The newest change: Stablecoin issuers and digital asset platforms can’t provide yield, curiosity, or any return merely for holding a stablecoin (a win for the banks). However activity-based rewards tied to transactions, platform use, loyalty applications, and actual participation are all nonetheless OK for yield (a win for crypto protocols).
Coinbase CEO Brian Armstrong’s response was two phrases: “Mark it up.” Coinbase CLO Paul Grewal mentioned the language “preserves activity-based rewards tied to actual participation on crypto platforms and networks.”
Polymarket odds of the Readability Act passing in 2026 jumped ~20 factors to 65% on the information. The remaining major hurdle appears to be ethics provisions tied to the Trump household’s crypto companies. If that hurdle can one way or the other be cleared, then the Readability Act may very well move in 2026…
💰 Tether Posts $1.04B Q1 Revenue
Tether printed its Q1 2026 attestation on Friday, with some huge headline numbers.
The main stablecoin supplier introduced in $1.04 billion in internet revenue for the quarter, and extra reserves climbed to a report $8.23 billion—the best within the firm’s historical past. Whole belongings got here in at $191.77 billion towards $183.54 billion in liabilities, with $141 billion of that reserve base sitting in U.S. Treasury payments.
That Treasury place makes Tether the Seventeenth-largest holder of US authorities debt on the earth, forward of Taiwan, Israel, and the UAE. The remaining reserves embody roughly $20 billion in bodily gold and $7 billion in Bitcoin, collectively about 14% of the reserve base, held as a macro hedge.
Tether additionally mentioned it has formally begun the method of a complete unbiased audit this quarter by a “Huge 4” accounting agency—its first ever. Tether has operated on attestations since 2021 following its $18.5 million CFTC settlement. A full audit, if accomplished by a significant accounting agency, could be probably the most vital transparency milestone within the firm’s historical past and would tackle the only commonest institutional objection to USDT as a reserve asset.
🤖 MoonPay Simply Gave AI Brokers a Credit score Card
MoonPay launched the MoonAgents Card on Friday as a digital Mastercard debit card that lets AI brokers spend stablecoins immediately from onchain wallets at any of Mastercard’s 150 million+ accepting retailers worldwide.
The cardboard is constructed on the Mannequin Context Protocol, the identical open customary Gemini used to launch its Agentic Buying and selling product final week. An AI agent related to MoonPay’s platform can now autonomously full purchases, pay for providers, and settle invoices in stablecoins with none human within the loop.
The product is the sensible implementation of what the AI agent economic system has been pointing towards for 2 years. Theoretical frameworks for machine-to-machine funds have circulated because the first LLM brokers emerged—the lacking piece was at all times a spend layer that labored in the actual world with out customized integrations.
MoonPay’s Mastercard partnership solves that by routing stablecoin balances by present card rails quite than constructing new service provider infrastructure. The launch comes one week after MoonPay acquired Israeli agency Sodot for $100 million to construct out MoonPay Institutional, positioning the corporate on the institutional and agentic ends of the crypto adoption curve.
🌎 Macro Crypto and Markets
Crypto majors are inexperienced however falling after stories Iran struck a US warship; BTC +0.5% at $78.9k; ETH +1% at $2,335; SOL even at $84; HYPE +0.4% at $41.25
Sprint (+19%), Ondo (+12%), and WLFI (+6%) led high movers
Oil +4% at $105; Gold -1.3% at $4,560
Inventory futures are barely purple after oil spiked 4% on again of Iran’s strike
The Ethereum Basis accomplished its third OTC sale to Bitmine on Friday, promoting one other 10,000 ETH at $2,292/ETH (~$22.9M), following an similar 10,000 ETH sale the prior week; the Basis says proceeds fund protocol R&D, ecosystem growth, and group grants
Circle printed a quantum-resistant roadmap for Arc, its L1 blockchain, adopting phased post-quantum signatures throughout wallets, validators, and infrastructure
Brazil’s central financial institution banned crypto from regulated cross-border funds, eradicating stablecoins from its eFX framework
SBI Holdings is in talks to accumulate Japanese crypto change Bitbank as a subsidiary
Company Treasuries & ETFs
Meme Coin Tracker
Meme leaders have been barely inexperienced; DOGE +2%, SHIB -1%, PEPE +1%, PENGU +1%, TRUMP -1%, BONK +1%, SPX +1%, FARTCOIN +3%
TROLL (+50%), GIGA (+50%), Wojak (+50%) and TripleT (+65%) led notable movers; Playing cards +40% as nicely
On ETH, UPEG rebounded 20% to $18M, Wojak jumped 27% to $32M and Asteroid +12% to $147M
An attacker tricked Grok into sending it 3B DRB tokens, which the attacker instantly bought for $150k
💰 Token, Airdrop & Protocol Tracker
Hyperliquid formally launched its prediction markets through its HIP-4, doing $6M in quantity in its first day
Sonic Labs launched USSD, a network-native stablecoin constructed on Frax Finance infrastructure backed 1:1 by BlackRock Treasury belongings
🚚 What is going on in NFTs?
NFT leaders are cooling off after one other weekend rally; Punks even at 31 ETH, BAYC -2% at 10.7 ETH, Pudgy even at 5.6 ETH; Hypurr’s +2% at 354 HYPE
Masks of Luci (+21%), Fidenza (+14%) and Luci (+14%) led notable high movers
A brand new Artwork Blocks mint ‘Present of Time’ ran over 50x from its 0.025 ETH mint value to a 1.2 ETH flooring (0.66 ETH now)
2 Hoodie CryptoPunks bought in a single day for $479k and $269k
A Gold-skinned Bored Ape bought for $211,111 on Saturday, one of many greatest gross sales of the 12 months
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