Morning Minute: Trump’s New Science Council Is a Who’s Who of AI and Crypto

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 autumn arsenic lipid spikes 7%; BTC -3% astatine $69,270
• Fannie Mae to let crypto collateral for mortgages
• Whop partners with Aave and Plasma for caller Whop Treasury product
• Circle banal rebounds arsenic analysts telephone selloff an overreaction
• Trump appoints caller Science & Tech advisory assembly with Silicon Valley dense hitters and 2 notable crypto reps

🏛️ Trump’s New Science Council Is a Who’s Who of AI and Crypto

President Trump announced the archetypal 13 members of his President’s Council of Advisors connected Science and Technology (PCAST) connected Wednesday.

But the existent header was the lineup helium selected.

Jensen Huang, Mark Zuckerberg, Sergey Brin, Larry Ellison, Lisa Su, Michael Dell, and Safra Catz are each in. The assembly volition beryllium co-chaired by David Sacks, Trump’s AI and crypto czar, and erstwhile U.S. Chief Technology Officer Michael Kratsios.

And crypto has a spot astatine the array with Coinbase co-founder Fred Ehrsam connected the council, on with a16z’s Marc Andreessen (arguably the astir salient crypto VC successful the world).

The extremity of the assembly is to counsel the President connected AI and emerging tech, keeping the US up of planetary competitors and “ensuring each Americans thrive successful the Golden Age of Innovation.”

Key Details

• 13 archetypal appointees; assembly tin grow to 24 members
• Co-chaired by David Sacks (White House AI/crypto czar) and Michael Kratsios (former U.S. CTO)
• Full list: Andreessen, Brin, Catz, Dell, DeWitte, Ehrsam, Ellison, Friedberg, Huang, Martinis, Mumgaard, Su, Zuckerberg

📈 Analysts Say Circle’s Selloff Was Overdone

Twenty-four hours aft its worst time ever, Circle banal rebounded and galore came to its defense.

Bernstein commented: “Don’t conflate stablecoin issuer with distributor.” Their constituent is that the Clarity Act’s output restrictions people platforms that walk involvement done to users (like Coinbase), not Circle itself, which earns income connected reserves but doesn’t wage output straight to holders.

Bitwise CIO Matt Hougan called the selloff “overblown,” noting that output hasn’t been the superior operator of stablecoin adoption; astir stablecoins don’t wage involvement yet the marketplace has grown to $200B+ due to the fact that they marque it easier to determination dollars globally.

Cathie Wood’s Ark Invest bought the dip, purchasing 161,513 shares of CRCL crossed 3 ETFs connected Tuesday, astir ~$16.3M astatine day’s close.

Key Details

• CRCL bounced ~7% Wednesday aft closing down 20% Tuesday
• Bernstein: Outperform, $190 target; Clear Street: Buy, $152 target; Bitwise CIO: “overblown”
• Ark bought 161,513 CRCL shares (~$16.3M) connected Tuesday crossed ARKK, ARKW, ARKF

💸 Whop Embeds Aave Into Its Platform

Whop, the e-commerce level that processes $3 cardinal successful yearly payouts for implicit 21 cardinal creators, assemblage builders, and bundle sellers crossed 144 countries, launched Whop Treasury this week.

Whope Treasury is simply a output merchandise built straight into the level powered by Aave, Plasma, and Tether.

The mechanic is elemental from the user’s side: opt in, and your idle Whop equilibrium starts generating up to 6% APY automatically. Under the hood, funds are converted to USDT0 connected Plasma, routed done a Veda vault into Aave’s lending markets, and autocompound continuously - nary gas, nary wallet management, instant withdrawals (none of the onchain crypto headaches).

The infrastructure stack is notable too: Tether (which made a strategical concern successful Whop earlier this year) provides the stablecoin layer, MoonPay handles onramps, and Tether’s ain Wallet Development Kit powers the wallet infrastructure. BTC and ETH enactment are connected the roadmap.

Most of Whop’s users person ne'er touched DeFi. They won’t person to.

This is the communicative Aave laminitis Stani Kulechov has been telling for 2 years: DeFi’s liquidity is astir almighty erstwhile it reaches users who volition ne'er interact with Aave directly. Whop Treasury is the archetypal large-scale illustration of that thesis playing out.

Twenty-one cardinal radical who tally online businesses conscionable became DeFi users - without adjacent knowing it. This is however crypto and Defi grows…

Key Details

• Whop Treasury offers up to 6% APY connected idle balances; real-time accrual, nary minimums, instant withdrawals
• Yield powered by Aave via Veda vault connected Plasma network; afloat non-custodial
• Whop processes $3B successful yearly payouts crossed 21M users successful 144 countries

⚛️ Google Sets a 2029 Quantum Deadline

Google published a ceremonial 2029 timeline to modulation its full infrastructure to post-quantum cryptography Tuesday, calling the menace “closer than it appears.”

Android 17 volition integrate ML-DSA, a NIST-standardized quantum-resistant algorithm, and Google Cloud is following. IBM has its ain fault-tolerant quantum roadmap targeting the aforesaid year.

Google isn’t saying quantum computers volition interruption cryptography by 2029 specifically, but it does program to beryllium acceptable successful advance.

For Bitcoin, the near-term menace remains distant but looming. Jameson Lopp, co-founder of Casa, told Decrypt: “We are respective orders of magnitude distant from having a cryptographically applicable quantum computer.”

Bitcoin developers aren’t asleep, though; BIP 360, a quantum-resistant code format, was precocious merged into Bitcoin’s ceremonial betterment repository. The existent hazard to show for Bitcoin is coordination speed: migrating billions successful idiosyncratic funds crossed a decentralized web without cardinal authorization could instrumentality 5-10 years connected its own. And the quantum timepiece is ticking…

Key Details

• Google acceptable 2029 arsenic its deadline for afloat post-quantum cryptography transition
• IBM besides targeting fault-tolerant quantum systems by 2029
• BIP 360 (quantum-resistant code format) precocious merged into Bitcoin’s betterment repository

₿ Bitcoin ETFs Are Almost Back to Even for 2026

Spot Bitcoin ETFs pulled successful astir $2.5 billion over the past month, astir erasing each year-to-date outflows.

Bloomberg Intelligence expert Eric Balchunas called it “incredible fortitude” successful the look of a 40% terms drawdown, Iran warfare escalation, and persistent macro headwinds.

For comparison, erstwhile golden fell 40% astir a decennary ago, astir one-third of investors exited. Bitcoin ETF holders mostly stayed put. IBIT has already flipped affirmative for the twelvemonth and ranks successful the apical 2% of each ETFs by YTD flows.

The organization bid has held done a war, a Clarity Act shock, a Circle collapse, and the lowest Fear & Greed speechmaking successful months. With $15B successful Bitcoin options expiring Friday, 1 much beardown inflow time would propulsion full-year ETF flows positive, mounting up a notable communicative displacement heading into the weekend.

Key Details

• • Bitcoin ETFs pulled successful ~$2.5B successful the past month, astir erasing each 2026 outflows
  • IBIT already flipped affirmative for the year; apical 2% of each ETFs successful YTD flows
  • Nine inflow days exceeding $150M successful March; highest was $458M connected March 2

🌎 Macro Crypto and Markets

• Crypto majors are reddish arsenic lipid goes higher erstwhile again; BTC -3% astatine $69.3k; ETH -5% astatine $2,070; SOL -5% astatine $88; HYPE -4% astatine $39.20
• M (+17%), HASH (+5%), and NIGHT (+2%) led apical movers
• Oil +7% astatine $94; Gold -3% astatine $4,450
• Robinhood’s HOOD banal rose after announcing a $1.5B stock buyback, its largest repurchase programme ever
• Franklin Templeton and Ondo Finance are teaming up to connection 24/7 tokenized ETF trading on-chain, putting the $1.7T plus manager’s value down Ondo’s organization DeFi infrastructure
• Cipher Digital pivoted from Bitcoin mining to AI, signing a 15-year information halfway deal; the latest miner converting excess powerfulness infrastructure to AI compute
• Visa joined the Canton Network as a Super Validator, expanding its relation successful organization blockchain colony infrastructure
• McLaren Racing joined the Hedera Governing Council, becoming the latest large marque to instrumentality a governance spot connected an organization blockchain network

Corporate Treasuries & ETFs

• The Bitcoin ETFs saw $7.8M successful nett inflows on Wednesday, portion the ETH ETFs had $8.5M successful nett outflows
• BitMine launched MAVAN (Made successful America Validator Network), its in-house Ethereum staking platform; Tom Lee said MAVAN volition soon beryllium the largest ETH staking level successful the satellite and the steadfast expects $272M+ successful yearly staking yield
• CoinShares launched caller ETFs offering investors vulnerability to Bitcoin volatility arsenic a standalone plus class

Meme Coin Tracker

• Meme majors were mostly red; DOGE -6%, SHIB -5%, PEPE -4%, TRUMP -6%, PENGU -6%, SPX -6%, FARTCOIN -8%
• Testicle (+23%), Wojak (+58%) and CopperInu (+40%) led apical movers

💰 Token, Airdrop & Protocol Tracker

• Whop announced partnerships with Aave and Plasma to present 6% output to its treasury
• TradeXYZ founder teased a important merchandise motorboat coming soon, on with caller stocks (DraftKings, Hims, Costco and Lilly) unrecorded connected the platform
• Walrus launched MemWhal as a caller semipermanent representation furniture for AI agents, built connected Sui
• Jupiter introduced its CLI allowing agents to interact crossed spot, perps, lending and predictions

🚚 What is happening successful NFTs?

• NFT leaders were mostly even; Punks adjacent astatine 29.4 ETH, Pudgy adjacent astatine 4.13 ETH, BAYC adjacent astatine 5.25 ETH; Hypurr’s adjacent astatine 409 HYPE
• AKCB (+23%) and Doodles (+5%) led notable movers
• An Autoglyph sold for 42 ETH ($92,000) aft antecedently being bought for 375 WETH backmost successful 2022
• NFT NYC 2026 confirmed for September 1-3