Morning Minute: Bitcoin Rips as Iran Strikes Postponed

Morning Minute is simply a regular newsletter written by Tyler Warner. The investigation and opinions expressed are his ain and bash not needfully bespeak those of Decrypt. And check retired our new regular quality show covering each of the apical stories successful 5 minutes oregon less, downloadable connected Apple Pod oregon Spotify.

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Today’s apical news:

• Crypto majors soar aft Trump announces 5-day postponement of Iran strikes; BTC astatine $70k
• Congress to present bipartisan measure banning sports betting connected prediction markets
• Senators scope statement connected Clarity Act output quality successful large hurdle cleared
• Hyperliquid sees implicit $100M successful measurement connected S&P 500 index
• Gemini sued by stakeholders for misleading pivot into prediction markets

📈 Bitcoin Rips arsenic Iran Strikes Postponed

One azygous header and everything has turned.

Going into this weekend, crypto was getting hammered. Trump issued a 48-hour ultimatum Saturday nighttime - reopen the Strait of Hormuz oregon look strikes connected Iranian powerfulness plants. Bitcoin slid from $76,000 to beneath $68,500, longs got liquidated, and the Fear and Greed Index deed Extreme fear.

Then this morning, Trump announced he’s postponing those strikes by 5 days - and Bitcoin ripped.

Bitcoin instantly jumped $2,000 per token to $70,800. ETH jumped 5% to $2,170.

The Dow jumped 1000 points premarket and Oil fell disconnected a cliff, down 8% to $90.

Of course, 5 days is not bid and Trump says he’s inactive prepared to strike. Iran hasn’t reopened the Strait. This is conscionable a pause, not solution and the concern remains precise volatile.

But we whitethorn person conscionable gotten a glimpse of what volition hap arsenic soon arsenic the Iran War ends for good.

Key Details

• Trump announced helium has had bully discussions with Iran and is postponing strikes for 5 days
• BTC jumps 3.5% to $70,800 and ETH +4.5% to $2,170
• Oil falls 8% to $90

🏛 Senators and the White House Reach a Deal connected Stablecoin Yield

On Friday, Senators Thom Tillis and Angela Alsobrooks said they had reached an statement successful principle with the White House connected the stablecoin output contented — the main combat that has stalled the Clarity Act since January.

According to the reported framework, passive output connected stablecoin balances would beryllium banned, meaning users would not beryllium capable to clasp thing similar USDC and gain involvement successful a savings-account benignant format. However, activity-based rewards look apt to stay allowed.

That was capable to determination prediction marketplace likelihood sharply. Odds of the Clarity Act passing successful 2026 jumped to about 70% on Friday.

Key Details

• Passive output connected stablecoin balances would reportedly beryllium banned
• Activity-based rewards look apt to survive
• The stablecoin output combat had been the biggest obstacle holding up the Clarity Act

📈 Hyperliquid’s S&P 500 Market Hit $100M successful a Single Day

Hyperliquid’s recently launched S&P 500 perpetual futures market topped $100 cardinal successful 24-hour volume by the weekend, rapidly becoming 1 of the platform’s astir actively traded markets.

The merchandise launched past week arsenic an authoritative S&P 500 perp, licensed done Trade XYZ, settled successful USDC, and tradable 24/7. That means users tin present commercialized leveraged S&P 500 vulnerability onchain without a accepted brokerage account.

Five of Hyperliquid’s apical 10 markets implicit the play were crypto with the different fractional represented by oil, precious metals (gold, silver) and the S&P.

Key Details

• S&P 500 perps crossed $100M successful 24-hour volume
• The marketplace was already a top-10 marketplace connected the level by the weekend
• Oil, gold, silver, and the S&P 500 are present among the platform’s astir traded products

🤖 Eightco Doubles Down connected OpenAI While Its Stock Sits Down 93%

Eightco Holdings, which trades connected Nasdaq nether ORBS, added different $40 cardinal to its OpenAI position, bringing its full OpenAI vulnerability to $90 million. That present represents astir 30% of the company’s treasury.

What makes the update much notable is who conscionable backed them. Last week, Eightco raised $125 cardinal from BitMine, Ark Invest, and Kraken genitor Payward, with Tom Lee besides joining the board.

Eightco has present deployed $90 cardinal into OpenAI and clasp astir 10% of each WLD tokens successful circulation positive 11,000 ETH.

And present BitMine has vulnerability to OpenAI.

Key Details

• Eightco’s OpenAI presumption present totals $90M
• The institution raised $125M past week from BitMine, Ark, and Payward
• Eightco besides holds astir 10% of each WLD successful circulation positive 11,000 ETH

⚖️ Gemini Shareholders Are Suing the Winklevoss Twins

A people enactment lawsuit was filed Friday successful the Southern District of New York accusing Tyler and Cameron Winklevoss of misleading investors up of Gemini’s IPO past fall.

The suit alleges Gemini overstated the durability of its halfway speech concern portion failing to disclose plans to pivot much aggressively into prediction markets. In February, Gemini chopped 30% of staff, exited Europe and Australia, and said prediction markets were present the company’s main strategical focus.

The institution did study 1 affirmative improvement this week: Q4 services gross overtook trading gross for the archetypal time. But the banal gave backmost astir of its post-earnings bounce and closed Friday astatine $5.66.

Key Details

• Plaintiffs assertion Gemini failed to disclose a coming displacement distant from its speech business
• Gemini laid disconnected 30% of unit and exited Europe and Australia successful February
• GEMI is down astir 85% since the IPO and the institution posted a $582M nett nonaccomplishment for 2025

🌎 Macro Crypto and Markets

• Crypto majors are greenish and ripping connected quality that the US volition postpone strikes connected Iran for 5 days; BTC +2% astatine $70k; ETH +2% astatine $2,120; SOL +3% astatine $89
• NIGHT (+13%), SHIB (+5%) and ZRO (+5%) led apical movers
• Oil fell 8% to $90/barrel aft concisely spiking implicit $100 connected Sunday; Gold -2% to $4,400
• Congress will present a bipartisan bill to prohibition sports betting connected prediction markets, per the WSJ
• Ledger hired erstwhile Circle enforcement John Andrews arsenic CFO and opened a New York office
• Coinbase rolled retired banal perpetual futures for planetary users, offering USDC-settled leveraged vulnerability to Apple, Microsoft, and Amazon astatine up to 10x connected azygous stocks and 20x connected ETF products

Corporate Treasuries & ETFs

• The Bitcoin ETFs saw $52M successful nett outflows on Friday, though inactive had $93M successful nett inflows connected the week

Meme Coin Tracker

• Meme majors were green successful enactment with majors; DOGE +2%, SHIB +5%, PEPE +3%, TRUMP +2%, PENGU +3%, SPX +3%, FARTCOIN -1%
• LOL (+30%), buttcoin (+20%) and testicle (+20%) fto apical movers

💰 Token, Airdrop & Protocol Tracker

• Polymarket teased a large announcement coming aboriginal today
• LetsBonk has stormed back in the memecoin race, doing $50M successful 24-hour measurement implicit the play compared to Pump Fun’s $100M
• Resolv Labs faced an exploit on Sunday wehre $50M worthy of USR was minted without collateral
• SIREN jumped 85% to $2B successful a monolithic play run

🚚 What is happening successful NFTs?

• NFT leaders were mostly flat; Punks +3% astatine 29.4 ETH, Pudgy +1% astatine 4.12 ETH, BAYC -1% astatine 5.15 ETH; Hypurr’s -8% astatine 400 HYPE
• Normies (+20%) and Tatsu (+13%) led notable movers