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Crypto Trends

Morning Minute: Bitcoin Clears $120,000 as Uptober Begins with a Bang

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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors continue to grind up as Bitcoin breaks $120,000
  • BNB hits new ATH over $1,100 kicking off BNB SZN (Cake + memes soar)
  • CME 24/7 will launch 24/7 crypto futures and options trading in early 2026
  • Moonbirds tease BIRB token for first time, floor passes 4 ETH before retracing
  • Art Blocks announces Quine by Larva Labs as final Art Blocks Curated

🟠 Bitcoin Clears $120K as Uptober Starts With a Bang

The bears were loudly calling for $90k before $120k. Their “guts” said crypto had topped.

Well, looks like they were wrong.

📌 What Happened

BTC pushed above $120,000 on Thursday, hitting a level not seen since August 13.

That’s a full 10% up move on the week.

So what’s driving the action?

ETFs inflows are certainly helping, with over $2.25B in inflows so far this week.

The other key factor?

Saylor’s tax bill (or lack thereof).

Strategy and the rest of the U.S. got news on Wednesday that a Biden-era AMT tax of up to 15% on unrealized asset gains would not come to fruition, as digital assets were excluded.

That likely freed up a lot of cash for Saylor and it will be very interesting to see next Monday if he has indeed put that to work this week (or maybe it was more ETF driven).

Plus the government shut down means no more economic data to come before FOMC, likely meaning a rate cut is a done deal (90% on Polymarket).

But it wasn’t just Bitcoin.

Taking a look at the rest of the majors and their weekly gains:

  • ETH +15% to $4,480
  • BNB + 18% to $1,100 (new ATH)
  • SOL +20% to $230

And some other top winners on the week:

  • Zcash + 180% to $151
  • PUMP +42% to $0.00714
  • SPX +33% to $1.28

So while Bitcoin is grinding up, it’s not a Bitcoin-led rally. All the majors are moving.

🗣️ What They’re Saying

“The steep rise in the gold price over the past month has made bitcoin more attractive to investors relative to gold, especially as the bitcoin to gold volatility ratio keeps drifting lower to below 2.0. By taking into account this volatility ratio, which implies that bitcoin currently consumes 1.85 times more risk capital than gold, then mechanically the market cap of bitcoin at $2.3tr currently would have to rise by close to 42% (implying a theoretical bitcoin price of $165k), to match on a vol-adjusted basis the around $6tr of total private sector investment in gold via ETFs or bars and coins… …This mechanical exercise thus could imply significant upside for bitcoin.” – JPMorgan

🧠 Why It Matters

Breaking $120k again sure feels good.

And the speed of its reclaim, along with October seasonality + the broader q4 setup (more rate cuts, more money printing) seems like a very strong one for higher.

Don’t just take my word for it though.

Major banks have put out some serious forecasts for Bitcoin’s near and mid-term future.

  • Citi: $133K by year-end, $181K in 12 months, driven by ETF demand and broader adoption
  • JPMorgan: ~$165K on a catch-up trade versus gold and the “debasement trade”

Great point by JPMorgan there, as Bitcoin has been seriously lagging Gold over all of 2025.

Simply catching Gold on yearly increase (+45% on the year) would mean another 16% from here for Bitcoin ($140,000), and that doesn’t take into account any other factors.

The writing is on the wall for a big October (Uptober).

Now we just have to fade any big monkey wrenches or (bad) surprises…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are green again, as Bitcoin breaks $120k; BTC +1% at $120,350, ETH +2% at $4,480, XRP +2% at $3.03, SOL +2% at $230
  • CAKE (+24%), ETHFI (+15%) and ASTER (+8%) led top movers
  • BNB hit a new ATH over $1,100 while Pancake Swap (CAKE) was the top mover on the day and BNB memes outperformed
  • Trump said he is considering giving taxpayer rebates of $1,000-$2,000 using tariff money
  • The Bitcoin ETFs have seen $2.25B in net inflows so far this week, with ETH seeing $1.06B
  • The CME is set to launch 24/7 crypto futures and options trading in early 2026
  • In Arthur Hayes’ latest blog he argues Eurozone money printing could drive the next leg up for Bitcoin
  • New York lawmakers moved to tax Bitcoin miners, proposing an energy-use excise tax to fund affordability programs
  • FG Nexus is partnering with Securitize to tokenize Nasdaq-listed equities on Ethereum, offering on-chain stock trading with real-time settlement

In Corporate Treasuries / ETFs

  • Avalanche Treasury Co. announced a $675M SPAC merger with Mountain Lake, creating a public vehicle to accumulate $200M AVAX from the Foundation with more plans to add $1B AVAX post-IPO

In Memes

  • Memecoin leaders are mostly red; DOGE -1%, Shiba -2%, PEPE -1%, PENGU -3%, BONK -3%, TRUMP even, SPX +5%, and FARTCOIN -5%
  • BSC memes exploded led by 4 (+100% to $140M), Giggle (+140% to $80M), 1 (+550% to $9M), Priceless (+250% to $21M) and PUP (+43x to $4M)

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • DoubleZero launched its mainnet beta, effectively providing a new internet for blockchains to communicate (2Z token at $5.2B fdv)
  • Sui TVL hit a new ATH at $2.43B, now 9th amongst all blockchains
  • Moonbirds teased the BIRB token coming soon on Solana, which briefly drove Moonbirds NFTs over 4 ETH before retracing (now 3.24 ETH)
  • Justin Sun touted Tron’s perps exchange “SunPerp” with private dark pools and subsidized fees as Tron’s answer to Hyperliquid and Aster

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly red; Punks even at 47.3 ETH, Pudgy -4% at 9.5, BAYC -5% at 8.3 ETH; Hypurr’s even at 1,520 HYPE
  • Memeland Potatoz +23% were a notable top mover
  • Art Blocks announced the final Art Blocks Curated release titled ‘ Quine’ from Larva Labs; 500 total supply, 477 available and starting at 0.25 ETH, coming Oct 9
  • OpenSea added $500k to its prize pool on Thursday across 5 different memecoins
  • A gold Plush Pepe sold for ~$50,000 on Thursday as TON NFTs continue to see success

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Morning Minute: Polymarket Prepares for Imminent U.S. Launch

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors see more green; Bitcoin at $118,800
  • ZCash continues to lead, soaring 50% to $140
  • U.S. goverment shut down pauses ETF approvals
  • Lighter leaves private beta, opens Perps platform to public
  • PNKSTR jumps 50% to $140M as other NFT Strategies boom

🟣 Polymarket’s U.S. Return: “Green Light” Becomes Go-Time

After four years on the sidelines, the world’s biggest prediction market is set to reopen to U.S. users.

Potentially as soon as today…

📌 What Happened

To understand how we arrive at Polymarket potentially launching in the U.S. as soon as today, let’s look at the timeline.

  • In July, Polymarket bought QCX/QC Clearing (QCEX) for $112M, securing a CFTC-licensed exchange and clearinghouse.
  • On September 3, CFTC staff issued a no-action letter giving limited relief on event-contract reporting/recordkeeping for those entities.
  • Polymarket has since started self-certifying event contracts (sports, elections), clearing the final runway to switch the U.S. platform on.
    • Under CFTC rules, once a DCM files a certification, the agency has one business day to object; absent objection, the market can list immediately.
  • In its filings, Polymarket U.S. explicitly says listings will occur “no earlier than October 2, 2025,” which is why the platform could open as soon as tomorrow. Though other sources are reporting October 7, 2025.

There you have it. Polymarket U.S. is coming, if not today, soon.

🗣️ What They’re Saying

“Polymarket has been given the green light to go live in the U.S.A by the @CFTC.” -CEO Shayne Coplan, following the no-action letter.

Some news (reposted for an error): Polymarket US has self-certified sports and election contracts with the CFTC.
➡️ Polymarket plans to offer moneylines, point spreads and totals for any sport
➡️ Oct. 7 is first day they could be offered
➡️ Sportsdata dot io is providing data

— Dustin Gouker (@DustinGouker) October 1, 2025

🧠 Why It Matters

If you’re in the U.S., this means you can use Polymarket without a VPN—just a normal U.S. account.

Because it’s running on a CFTC-licensed venue, expect a quick KYC/identity check and standard U.S. compliance (some state-by-state limits may apply at launch).

The first listings should look familiar, likely sports spreads/totals and “who wins” elections.

And, thanks to the self-certification process, they can appear as soon as the next business day after filing (i.e. today).

Access will likely start on the official U.S. web app and then roll into App Store / Google Play once approvals are cleared (another huge potential lift – Polymarket mobile).

Overall this is clearly huge for U.S. adoption and should pour gasoline on what is the prediction market fire happening right now.

And may help them regain market share against Kalshi, which has pulled out to a bigger lead over the past month (66% market share last week).

Expect volumes to continue to grind up an to the right (barring any new legal or regulatory issues)…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are green again continuing the shutdown rally; BTC +2% at $118,800, ETH +2% at $4,380, XRP +1% at $2.99, SOL +4% at $225
  • ZEC (+50%), DEXE (+30%) and SPX (+17%) led top movers
  • Zcash rocketed ~63% to a three-year high, as traders (and Naval) pitch privacy coin as “insurance” hedge during Bitcoin strength
  • MSTR stock jumped 5% yesterday after Strategy avoided a multi-billion AMT (tax) hit after new IRS/Treasury guidance, easing concerns over taxes on unrealized gains tied to its Bitcoin holdings
  • Polymarket is poised to relaunch for U.S. users within days, as filings show self-certified contracts after acquiring a CFTC-licensed venue
  • Circle introduced a new tokenized U.S. Treasury fund U.S.YC on Solana
  • The UK government seeks to keep most of $7B in Bitcoin it just seized linked to massive Chinese fraud
  • The White House withdrew Brian Quintenz for CFTC chair, reopening leadership questions at the derivatives regulator amid active crypto agenda
  • New York is running a pilot to give low income residents $12,000 in U.S.DC to help alleviate poverty, with funding provided by Coinbase

In Corporate Treasuries / ETFs

In Memes

  • Memecoin leaders are very green; DOGE +7%, Shiba +3%, PEPE +4%, PENGU +4%, BONK +3%, TRUMP +3%, SPX +19%, and FARTCOIN +8%
  • VIRU.S. +77% to $30M, LOOK +43% to $85M and aura +30% to $90M led onchain Solana movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • Sui announced a new income-generating digital dollar token suiU.S.De powered by Ethena, with revenue used for SUI buybacks
  • Pump.fun introduced “easy onramp,” enabling new funding methods powered by Apple Pay, Phantom, Robinhood and more
  • Monad’s “intern” teased that Monad will launch in Q4
  • Lighter launched its public mainnet (perps dex) yesterday, now open to the public after 8 months of private beta

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly even, Hypurrs lead; Punks even at 47.3 ETH, Pudgy even at 10, BAYC -3% at 8.75 ETH
  • Hypurr’s rebounded 30% to a 1,500 HYPE floor ($71,000)
  • Punk Strategy jumped 50% to $140M and a new ATH, 65% of the way to its 20th Punk; BIRBStrategy +80% to $12M and PDGYSTR +60% to $11M led movers
  • A NodeStrategy has teased its launch, using an auction format to use funds to acquire NodeMonkes in a similar style as the other NFT Strategies (not affiliated)
  • Doodles landed on Froot Loops boxes, with 500 limited editions at $50 selling as NFTs on Base
  • Oh Baby Games announced its first NFT venture, the “Oh Baby Pass,” launching next week

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Morning Minute: Vanguard Flirts With Crypto

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors rally over the weekend; BTC reclaims $112,000
  • Vanguard reportedly considering offering crypto ETF access to its 50M investors
  • SEC and FINRA investigating DATs for insider trading
  • Tether is reportedly raising at a $500B valuation; XPL at $13B after first days of trading
  • Hypurr NFTs open at $65k floor on $60M+ in their first day of trading

🛡️ Vanguard Flirts With Crypto

The world’s second-largest asset manager is considering letting its U.S. clients buy crypto ETFs.

The final walls are falling down.

📌 What Happened

Last week, Crypto in America reported that Vanguard is weighing access to select spot crypto ETFs for brokerage customers.

This is a sharp departure from its 2024 stance, when it blocked spot Bitcoin ETFs on-platform.

There’s no final decision or product list yet; the discussions reflect persistent client demand and the competitive reality that most major peers already enable trading.

Notably, Vanguard’s CEO Salim Ramji was previously at BlackRock and oversaw the launch of their Bitcoin ETF IBIT, one of the most successful ETF launches of all time.

For asset context, Vanguard today oversees ~$10T in AUM and serves more than 50 million investors globally, so even a cautious rollout would be consequential for ETF liquidity.

🗣️ What They’re Saying

“They’re being very methodical in their approach, understanding the dynamics have been changing since 2024.” – source talking to Crypto in America

“Vanguard, the 2nd largest asset manager in the world, is finally planning to allow clients to invest in crypto ETFs on their platform. By waiting this long, they have “protected” clients from +150% gains on $BTC since the ETFs went live.” – Satoshi Stacker on X

🧠 Why It Matters

If Vanguard enables crypto ETF access, even with tight guardrails, it adds a massive set of ongoing inflows into crypto majors.

That means deeper secondary-market liquidity, broader retirement-account penetration, and more “default” exposure from set-it-and-forget-it investors who previously had to move assets elsewhere.

Just 1% of $11T is $110B in inflows (and likely a major up-front portfolio rebalance adjustment).

That’s massive.

It also marks a symbolic validation: the firm that once said “not appropriate for long-term portfolios” would be acknowledging a durable role for crypto alongside stocks and bonds.

The final holdouts are starting to capitulate.

The crypto boom cycle is about to begin…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries / ETFs

  • The SEC and FINRA announced investigations into DATs for potential insider trading
  • SharpLink (SBET) to offer tokenized shares via Superstate’s Opening Bell

In Memes

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the week:

  • Plasma’s XPL mainnet + token launched on major exchanges with a $2.4B+ market cap (though down 9% from yesterday at $1.29)
  • Aster led all perps dexes in volume and fees over the past week, including beating Tether in fees
  • ApeX (APEX) spiked ~280% last week amid whale buys and team teasers, coming after 25M APEX rewards/airdrop program and roadmap were teased
  • Punk Strategy’s PNKSTR token soared to $90M and a new ATH after announcing a series of new NFT strategy token launches including Squiggles, CrypToadz and more

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap +2% at $16.9B, leaders were green
  • FARTCOIN (+5%), VIRTUAL (+3%), TIBBIR (-5%), aixbt (+2) & ai16z (+2%)
  • DOGEAI (+18%) and TIBBIR (+14%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were slightly red on the week despite the pick up in NFT Strategy tokens; Punks -3% at 47.6 ETH, Pudgy -2% at 10.23, BAYC -3% at 9.13 ETH
  • Kaito Genesis NFTs (+170%), goblins (+260%) and GVC (+50%) were notable top movers
  • Hypurr NFTs were airdropped to early Hyperliquid users and reached a 1,390 HYPE floor ($65,000) on an insane $60M in daily volume

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Morning Minute: MetaMask Confirms Token, Airdrop SZN Incoming

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors retreat after post-FOMC rally; BTC -1% at $116,300
  • Joe Lubin confirms MetaMask token coming “very soon”
  • Plasma sets mainnet debut & XPL token TGE for Sept 25
  • Pump Fun crosses $100M in PUMP buybacks (tho PUMP falls 7%)
  • Kevin Durant regains access to Coinbase wallet lost in 2016 when BTC was $600

🪂 Airdrop Season Incoming

Everyone loves yelling “wen token?”

Well the answer for several major protocols is now “soon.”

📌 What Happened

Yesterday, co-founder of Consensys Joe Lubin confirmed that a MetaMask token is coming “very soon.”

We don’t know any other details beyond that, and betting markets have the MASK token coming in September at just 3%.

So, it’s probably not next week.

But up until now, there was no formal confirmation a token would ever come. Now that has changed.

And add it to the growing list of major protocols dropping tokens sometime soon:

  • OpenSea just moved into the “final phase” of its pre-TGE rewards program and told users to expect token details in early October.
  • On the L2 front, Base finally said the quiet part out loud: Jesse Pollak told reporters the network is exploring a native token, with plans still early.
  • Pump Fun is slightly different from the rest with its PUMP token live for trading, but no airdrop…yet. The PUMP airdrop is expected in Q4 2024 (47% by end of 2025).
  • Meteora materials point to an October TGE for MET.
  • Finally, Polymarket token chatter is back in force alongside reports of a financing round that could value the company as high as $10B.

Airdrop SZN is truly coming.

🗣️ What They’re Saying

“One thing to think about with the MetaMask and Opensea token is that there are a lot of graveyard wallets that have not been onchain in a long time. Depending on how they structure the airdrop, you potentially see a lot of dead wallets forced onchain to claim.” – Threadguy

Joe Lubin took over Sharplink & launched Linea token in the last 3 months.

He’s launching Metamask’s next. This guy is on an absolute heater

— Andy (@ayyyeandy) September 19, 2025

🧠 Why It Matters

This one is pretty easy to explain – we like free money.

Free money is good for the crypto ecosystem.

Airdrops from protocols like MetaMask and OpenSea have long been written off by most users. Now they’re actually incoming, likely in the next 3-6 months.

Not to mention big money coming in the Solana eco in the very near future, courtesy of Meteora and Pump Fun. (And Polymarket is just a fun surprise).

So what does it mean?

Airdrop money typically stays in the casino.

Expect booms in activity on Solana (thanks to MET & PUMP), NFTs (thanks to SEA) and maybe even the broader crypto eco (MASK, POLY).

Plus the timing is great with crypto majors within 10% of ATH, a rate cut cycle just beginning, ETFs about to explode and the DAT trade showing signs of life again.

As the kids say, Q4 is going to be a movie…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are red and retreating after the post-FOMC rally; BTC -1% at $116,300, ETH +-1% at $4,510, XRP -3% at $3.02, SOL -2% at $240
  • ASTER (+32%), IMX (+10%) and NEAR (+8%) led top movers
  • MSTR stock jumped 7% on Thursday, outperforming Bitcoin’s 2% rally
  • The Bitcoin ETFs saw $163M in net inflows, while the ETH ETFs led with $213M
  • Google Cloud and EigenLayer partnered to make EigenCloud the verifiable backbone for AP2 agentic payments across cards, bank rails, and stablecoins
  • Coinbase introduced USDC lending within its app, allowing users to earn yields up to 10.8% via Morpho
  • The White House is looking at other CFTC chairs after Brian Quintenz’s confirmation has stalled, at least partially due to criticism from the Winklevoss brothers
  • Kraken partnered with Legion to debut “Kraken Launch,” a token-sale platform that brings IPO-style, reputation-scored allocations and early token access to millions of users with its first sale “coming soon.”
  • Kevin Durant regained access to Bitcoin he “lost” access to on Coinbase back in 2016, which he purchased when Bitcoin was ~$600

In Corporate Treasuries / ETFs

  • Brera Holdings rebranded to ‘Solmate,’ and announced a $300M private raise to build a Solana treasury (BREA stock briefly +500%)
  • The DOGE ETF $DOJE did $17M volume in its debut yesterday, enough to notch a top 5 debut for any ETF this year
  • The first Crypto Index ETF launches today from Grayscale, including BTC, ETH, XRP, SOL and ADA

In Memes

  • Memecoin leaders are very red along with majors; DOGE -3%, Shiba -3%, PEPE -3%, PENGU -3%, BONK -3%, TRUMP -2%, SPX -8%, and FARTCOIN -2%
  • 1 led top movers again, up 100% to $12M; MESA +2500% to $2.6M was another notable mover

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap -4% at $13.6B, leaders were red
  • FARTCOIN (-1%), VIRTUAL (-4%), TIBBIR (-5%), aixbt (+1) & ai16z (-4%)
  • HYPER (+41%) and TETSUO (+14%) led top movers
  • Talus Labs debuted its testnet along with $125,000 in cash prizes for a new AI Agent game

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly flat; Punks -1% at 47.9 ETH, Pudgy even at 10.5, BAYC even at 9.3 ETH
  • Cryptodickbutts (+13%) and Meebits (+10%) were top movers
  • Abstract NFTs saw a lot of green led by Roach Racing and Bearish
  • Gondi rolled out its Gondi Purchase Bundler, allowing users to buy NFTs across marketplaces without needing the full purchase amount (using existing loan offers for the difference)

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Morning Minute: Polymarket Token Speculation Soars Along with $10B Valuation

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors mostly flat into FOMC, Bitcoin leads +1% to $116,300
  • Binance in talks with US DOJ to end its compliance monitor
  • Bank of America says 67% of fund managers hold 0 crypto
  • Trump suing NY Times for $15M saying they hurt the TRUMP meme
  • Tether co-founder launches STBL, token soars to $1.7B fdv in debut

🔮 Polymarket Token Incoming?

The world’s biggest prediction market is flirting with a token.

And it’s doing it while eyeing a stratospheric new valuation, rolling out earnings markets with Stocktwits, and prepping a regulated U.S. return.

📌 What Happened

Polymarket’s recent SEC filings hinted at “other warrants” which typically indicate a token.

This has led to broad speculation of a Polymarket token in the works.

And the token speculation comes just days after multiple outlets reported that Polymarket has raised a fresh round that could value the company as high as $9B–$10B.

A massive jump from the ~$1B valuation discussed in June.

That’s a lot of big money news, coming along with major fundamental progress:

  • Regulated U.S. comeback: After acquiring CFTC-licensed QCEX and receiving staff relief, CEO Shayne Coplan says the platform has the “green light” to go live in the U.S.
  • New product + distribution: Polymarket launched public-company earnings prediction markets and became the official prediction-markets partner of Stocktwits, bringing live probabilities to Stocktwits’ 10M+ users
  • Volume check: Volumes are coming in around ~$250M/week and consistently at the $1B/month mark

The $10B raise makes a bit more sense with that backdrop.

🗣️ What They’re Saying

“Polymarket has been given the green light to go live in the USA by the @CFTC. Credit to the Commission and Staff for their impressive work.” – Shayne Coplan, CEO, on X (Sep 3)

“Prediction markets transform uncertainty into clarity by turning big questions-like earnings-into simple, tradable outcomes with transparent pricing.” – Matthew Modabber, CMO, Polymarket, on the Stocktwits partnership.

“Polymarket is the largest prediction market in the world, and the U.S. needs access to this important platform.” – Donald Trump Jr., as Polymarket added him to its advisory board following 1789 Capital’s investment.

🧠 Why It Matters

A token would formalize community upside.

If a Polymarket token launches, it turns users into owners, likely deepens liquidity across markets, and enables new incentive design (e.g., fee shares, staking for dispute resolution, or market-maker rewards).

Timing-wise, it makes sense.

They have more momentum than ever with the combination of regulatory approval, new product verticals (earnings markets), sports markets catching fire (see Kalshi’s latest volume surge) and a general explosion in prediction market interest.

And just the hint of a token is enough to steal market share and attention from their rival Kalshi (which has flipped Polymarket in volume as of late).

All being equal, users will trade on the apps that have the best lines, market and/or best UX.

With token incentives in the mix, the decision of which app to use has a heavily weighted new factor.

So expect Polymarket volumes and attention to boom here in the near future.

As for its token, it’s tough to value. Polymarket is a true unicorn. And without them taking a fee, there is no revenue model to use.

It wouldn’t be crazy at all to think a Polymarket token would fetch $5B-$10B upon its debut.

Maybe we’ll find out this year…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are mixed ahead of FOMC, BTC leads; BTC 1% at $116,300, ETH even at $4,500, XRP -1% at $3.01, SOL -1% at $234
  • MYX (+56%), IP (+10%) and HYPE (+5%) led top movers
  • The Bitcoin ETFs saw another $292.3M in net inflows, continue 7-day inflow streak
  • Bank of America reported that 67% of fund managers hold no crypto and only 8% have started structural crypto investments
  • Binance is in talks with the U.S. DOJ about ending its compliance monitor, per Bloomberg
  • Trump is suing the New York Times for $15B, claiming that reporting hurt his TRUMP meme coin
  • The Ethereum exit queue has swollen to ~2.5M ETH with waits >46 days, the longest yet
  • Santander’s Openbank turned on crypto trading in Germany under MiCA, with Spain up next
  • UBS, Sygnum and PostFinance pilot what they call the first interbank settlement using deposit tokens on a public chain
  • Galaxy Digital plans a tokenized money-market fund spanning Ethereum, Solana and Stellar
  • The UK is expected to announce tighter crypto-oversight coordination with the U.S., according to the Financial Times
  • Over $3,000,000,000 in USDT was minted onchain in the past 4 days

In Corporate Treasuries / ETFs

  • Forward Industries (FORD) announced a $4B ATM program to buy more SOL after just buying $1.6B in SOL
  • SharpLink (SBET) bought just 900 ETH in the past week though it did buy 1M shares back
  • Bitwise filed for an Avalanche ETF as XRP and Dogecoin ETFs near launch

In Memes

  • Memecoin leaders are mostly flat; DOGE even, Shiba even, PEPE +1%, PENGU +1%, BONK +2%, TRUMP -1%, SPX +1%, and FARTCOIN +1%
  • KIND (+33%) and 67 (+350%) lead notable onchain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • Tether co-founder launched STBL as a new stablecoin protocol focused on yield, touted as “stablecoins 2.0”
  • Pump.fun bonding curves had their highest day of volume in 7 months
  • Circle bought HYPE and signaled it may run a Hyperliquid validator alongside new USDC tooling on HyperEVM
  • LimeWire bought the Fyre Festival brand and hinted at token and NFT hooks for a rebooted event
  • OpenSea clarified that its “final pre-TGE phase” would have multiple seasons

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap +1% at $13.75B, leaders were mixed
  • FARTCOIN (+1%), VIRTUAL (-1%), TIBBIR (+12%), aixbt (even) & ai16z (+1%)
  • SNAI (+23%), BIOS (+21%) and IRIS (+18%) led top movers
  • Virtuals announced it’s more than software, plans to fuel “the next wave of robotic agents”
  • Google debuted an open-source AI payments protocol with stablecoin support, with input from Coinbase and Salesforce

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

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Morning Minute: BlackRock Wants To Tokenize Its ETFs

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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors green, led by SOL; BTC at $115,000
  • SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes + infra up
  • BlackRock to tokenize ETFs and RWA funds, pending regulatory approval
  • Sharps Technology partners with Pudgy Penguins for marketing
  • DOGE up 20% on week ahead of ETF launch

🏦 BlackRock Eyes Tokenized ETFs

Wall Street’s biggest asset manager is about to take tokenization mainstream.

📌 What Happened

Bloomberg reported that BlackRock is preparing to tokenize ETFs and other real-world asset (RWA) funds, expanding beyond its existing on-chain cash management product, BUIDL.

The move is pending regulatory approval, but it represents a major step toward bringing traditional investment vehicles onto blockchain rails.

BlackRock launched BUIDL with Securitize in 2024, giving institutions tokenized exposure to U.S. Treasuries.

Now, the firm wants to extend that model to ETFs and additional fund structures, which would mark the first time a traditional manager has tokenized mainstream funds at scale.

Potential types of funds include:

  • Equity ETFs
  • Bond / fixed income funds
  • Money Market funds
  • Real Estate funds
  • Private Credit funds

These sectors represent Trillions in assets ($12.5T in Q2 2025 to be exact). And a huge chunk of them (maybe eventually all) are coming on-chain.

🗣️ What They’re Saying

“Just like everyone downplaying digital assets being proven wrong over the last decade. Those downplaying tokenization will likely be proven wrong as well” – James Seyffart, Bloomberg

“BlackRock is tokenizing their ETFs and you’re bearish? Everything will be tokenized.” -Graeme Moore, Head of Strategy at Project 11

reminder:

all ETFs and all equities will eventually be tokenized

because assets will naturally flow to where they can be used as the most efficient collateral

and most of that lending/borrowing will happen on Ethereum L1/L2 https://t.co/ulTmfcsBRA

— DCinvestor (@iamDCinvestor) September 12, 2025

🧠 Why It Matters

So why do we care about tokenization of real world assets?

Tokenized ETFs would:

  • Timing: Enable 24/7 settlement and faster transfers
  • Composability: Plug assets from these funds into other areas of DeFi
  • Signal: Crypto becomes “too big to fail” once giants like BlackRock move their entire books on-chain

And bringing these assets onchain grows the overall crypto market cap.

No, it doesn’t mean that new liquidity will flock to every alt L1 or meme coin.

But it’s not a stretch to think it will flow to the best assets, and it will certainly send stablecoinx up significantly. DeFi assets would likely win as well.

And there’s a real chance that most of these funds are tokenized on Ethereum (where BUIDL is).

If that’s the case, ETH is likely the biggest winner here.

So this is a big one to root for the regulators to approve.

And once BlackRock gets the approval and executes, everyone else will follow.



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are green with SOL outperforming; BTC +1% at $115,000, ETH +2% at $4,520, XRP +1% at $3.03, SOL +6% at $239
  • M (+11%), MYX (+8%) and PUMP (+8%) led top movers
  • The BTC ETFs saw $552.7M in net inflows yesterday, now at $1.93B in net inflows since September began
  • BlackRock is working on tokenizing ETFs and other real-world asset (RWA) funds according to Bloomberg
  • PayPal pitched Hyperliquid on expanding its network across PayPal’s 400M accounts
  • Coinbase accused the SEC of deleting Gary Gensler’s text messages during the critical crypto crackdown years
  • Rex-Osprey’s ETFs for BTC, XRP, DOGE, BONK, and TRUMP have passed the SEC’s 75-day window and are scheduled to launch today
  • Crypto lender Figure saw its shares finish 24% above their IPO price in the company’s Nasdaq debut

In Corporate Treasuries

In Memes

  • Memecoin leaders are green led by DOGE; DOGE +4%, Shiba +2%, PEPE +2%, PENGU +1%, BONK +2%, TRUMP even, SPX even, and FARTCOIN +4%
  • Dogecoin has jumped 20% this week, as a treasury firm accumulates DOGE and ahead of the DOJE DOGE ETF launching today
  • SPARK (+68%), KORI (+60%) and YAC (+1900%) led on-chain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • PUMP got listed on Upbit on Thursday, rallying as high as $0.06 ($6B FDV); daily active PUMP app users have passed 35k
  • World Liberty Fi proposed using 100% of WLFI fees to buy and burn WLFI
  • Collector Crypt’s CARDS token jumped 18% to $517M after another $1.3M gacha pack sellout

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap up 2% at $14.1B, leaders were green
  • FARTCOIN (+2%), VIRTUAL (+2%), TIBBIR (-3%), aixbt (+1%) & ai16z (+2%)
  • LEA (+23%), simmi (+20%) and Acolyt (+17%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mixed; Punks -2% at 46.3 ETH, Pudgy +2% at 10.5, BAYC -2% at 9.15 ETH
  • Abstract NFTs were mixed, led by Dreamilio (+17%)
  • Pudgy Party hits 500k downloads across Apple and Google app stores
  • Moonbirds announced a mystery physical collectible mint open for 24 hours

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Morning Minute: Democrats Want A Seat at the Crypto Table

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors chop, SOL leads at $220; BTC at $112,300
  • Several crypto mining stocks soar on back of Oracle report of AI demand
  • Senate Democrats give list of conditions to work together on crypto market structure bill
  • Hyperliquid’s USDH proposal bids now heavily favor Native Markets
  • SBET buys 0 ETH last week, spends $15M on share buybacks

🏛️ Democrats Want A Seat at the Crypto Table

One of the biggest outstanding risks to crypto in America is its politicization and the potential for reversals and clawbacks if power changes.

Well, that risk can be alleviated right now if Senate Democrats get their way.

📌 What Happened

An important crypto market structure bill is currently being debated in Congress, and it looks like a group of pro-crypto Democrats are ready to work across the aisle –

As long as certain conditions are met.

Yesterday, a group of 12 Senate Democrats released a policy framework spelling out what they want in any digital-asset market-structure bill.

First and foremost, they want seats at the SEC and CFTC. Both of which have 5 commissioner seats, capped at 3 per party.

In addition to those seats, other conditions span:

  • consumer protection
  • jurisdictional clarity between the SEC and CFTC
  • rules for issuers and trading platforms
  • guardrails on illicit finance, and
  • ethics provisions to curb political self-dealing.

The move is positioned as a response to the GOP’s expanding draft and an invitation to negotiate a bipartisan deal that can clear the Senate.

The Democratic cohort includes Sens. Ruben Gallego, Mark Warner, Kirsten Gillibrand, Cory Booker, Raphael Warnock and others, several of whom voted for the bipartisan GENIUS stablecoin law, suggesting they’re viable swing votes.

🗣️ What They’re Saying

“For digital assets regulation to succeed, it is essential that regulators have the funding and staff that they need. These agencies also require Democratic voices, as Congress intended: only a bipartisan regulatory process will produce durable, balanced rules that provide long-term stability and legitimacy for digital asset markets.” – Letter published by Sen. Ruben Gallego

“Democrats want to rightfully feel like their voice and concerns have a proxy in the room during any rulemaking at these agencies, and they want to know that, if confirmed, those commissioners won’t be summarily fired.” – A D.C. insider, speaking to Decrypt

🧠 Why It Matters

This is the path to a real, durable crypto framework that can survive a change in power.

A Republican-only bill can pass the House, but it cannot clear the Senate without Democratic votes—and even if it did, it would be vulnerable to reversal in the next political cycle.

Bringing Democrats into the conversation now raises the odds of a stable, bipartisan regulatory framework that survives changes in power.

And overall their conditions are very reasonable: they want seats at the SEC & CFTC to have a say, assurances that new rules won’t weaken existing tradfi ones, prevention of using crypto to evade regulations, preserving consumer protection and creation an “appropriate and effective” DeFi framework.

On paper, all of those things make sense.

Working across the aisle now and reaching bipartisan agreement means less regulatory whiplash for exchanges, issuers, and investors, and a more predictable future.

And most importantly of all for 2028: if power flips again, a bipartisan law on the books is much harder to unwind than agency guidance or a narrow, partisan statute.

Cooperation today is the cheapest insurance policy against policy U-turns tomorrow.



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are mostly flat with SOL leading; BTC -0.3% at $112,300, ETH -0.5% at $4,330, XRP -1% at $2.97, SOL +1% at $220
  • STORY (+17%), MNT (+13%) and PUMP (+13%) led top movers
  • Several crypto stocks saw significant breakouts yesterday, including CIFR (+19%), IREN (+15%), RIOT (+13%), ABTC (+11%) and GLXY (+10%)
  • Senate Democrats outlined a set of conditions and a push for seats on the SEC and CFTC to influence crypto market-structure legislation, showing openness to passing crypto legislation along as it’s bipartisan
  • Eric Trump was removed from ALT5 Sigma, World LibertyFi’s treasury company, to meet Nasdaq compliance rules
  • Trump’s Truth Social and Truth+ will allow users to convert “gems” to CRO tokens, alleviating concerns of another net new Trump token coming
  • The CBOE said it plans to launch long-dated “Continuous” Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval
  • A Doge ETF ‘DOJE’ is slated to launch tomorrow as first ever major meme ETF
  • Kraken rolled out its tokenized equities ‘xStocks’ to the EU

In Corporate Treasuries

  • SharpLink had no ETH buys last week, but began executing its previously authorized $1.5B stock buyback with an initial $15M repurchase
  • Metaplanet raised another $1.45B via share sale to buy more BTC
  • QMMM stock jumped 17x on Tuesday after they announced a $100M treasury for BTC, ETH and SOL

In Memes

  • Meme coin leaders are slightly red on the day; DOGE even, Shiba -1%, PEPE -3%, PENGU -3%, BONK -3%, TRUMP even, SPX even, and FARTCOIN -1%
  • PUMP rallied another 13% to $5.4B FDV and a new local high
  • IRYNA soared 660% to $24M leading onchain SOL runners; STREAMER (+240%), 67 (+40%) and XVM (+80%) all had notable moves

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap down 3% at $13.5B, leaders were red
  • FARTCOIN (-1%), VIRTUAL (-3%), TIBBIR (-2%), aixbt (-8%) & ai16z (-7%)
  • LEA (+15%) and CGPT (+5%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly even; Punks even at 48.3 ETH, Pudgy -1% at 10.4, BAYC -2% at 9.05 ETH
  • Creepz +17% were a notable mover
  • Abstract NFTs were mixed, led by Bearish (+12%)
  • Art Blocks introduced its 2nd to last Art Blocks Curated project, ‘Gas Wars’ by Jack Butcher coming September 17

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Morning Minute: Stripe’s L1 Blockchain ‘Tempo’ Goes Live (Sort Of)

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors mostly even; BTC leads at $112,300 ahead of ‘Corn Moon’
  • WLFI blacklists Justin Sun’s tokens for terms violations
  • Stripe introduces payments-focused ‘Tempo’ blockchain live in testnet
  • New SEC releases pro-crypto agenda while Gary Gensler’s 2022-2023 texts are “lost”
  • Myriad drops 2 UX enhancements, teases TGE for first time

💸 Tempo Is Live (Sorta): Stripe + Paradigm’s Payments L1

The big players are coming into crypto.

And they’re accelerating.

📌 What Happened

Yesterday, Stripe and Paradigm announced Tempo, now in private testnet.

They have a heavy-hitting roster of design partners, including Visa, Deutsche Bank, Shopify, Nubank, OpenAI, Revolut and more.

The chain is purpose-built for stablecoin payments, targeting 100k+ TPS with sub-second finality, EVM compatibility (built on Reth) and a model that lets fees be paid in any stablecoin via an enshrined AMM.

So what’s it for?

The target use cases are global payouts, payroll, remittances, micro-transactions, tokenized deposits (24/7 settlement), embedded accounts, and even agentic payments.

🗣️ What They’re Saying

“We hope that Tempo makes it easier for things like payment acceptance, global payouts, remittances, microtransactions, tokenized deposits, agentic payments … to move onchain.” – Patrick Collison, Stripe CEO

“We’re building Tempo with principles of decentralization and neutrality… launch with a diverse set of validators, transition to a permissionless model.” – Matt Huang, Paradigm

the most important detail about stripe/paradigm’s stablecoin chain is that they are STABLECOIN NEUTRAL

while all the other stablecoin chains are playing tribalism, tempo swoops in to take everything https://t.co/eZWhtrIZRP

— John Wang (@j0hnwang) September 5, 2025

🧠 Why It Matters

There’s a reason why so many big players are building stablecoin products and infrastructure.

Fees are lower for on-chain payments.

For a $100 item, a standard credit card fee would be $3.20. If purchased via stablecoins, fees would be $0.50 or much lower – a huge spread.

That’s the opportunity that Stripe sees, and they’re clearly moving quickly.

Their advantage here is their purpose-built chain (along with their laundry list of launch partners and beta testers).

Many of today’s big chains were optimized for trading, while Tempo optimizes for payments, the largest real-world use case for crypto.

If it works, on-chain dollars become the default rail for payouts and commerce.

And that’s a boon for the broader crypto space. More stablecoins grow the overall crypto pie and bring more users on-chain.

But it doesn’t necessarily mean your favorite L1 blockchain’s token is going to go up in price…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors are mostly even with BTC leading; BTC +1% at $112,300, ETH even at $4,420, XRP even at $2.84, SOL -1% at $207
  • M (+26%), PUMP (+10%) and XDC (+5%) led top movers
  • The Bitcoin ETFs saw $220M in net outflows on Thursday, breaking a big 2-day inflow streak; the ETH ETFs saw $167M in net outflows
  • The SEC set a pro-crypto agenda, unveiling rulemakings to define digital-asset offers/sales and ease listings on U.S. exchanges
  • Stripe + Paradigm revealed their Tempo blockchain aimed at low-cost stablecoin settlement with partners including Visa, Deutsche Bank, OpenAI
  • Kraken announced a buyout of Breakout, planning to integrate the trader-native platform into Kraken Pro
  • WLFI blacklisted Justin Sun‘s address from selling his 595M unlocked tokens, citing activity concerns that broke WLFI rules (WLFI +15% since the news)
  • Gary Gensler’s text messages from Oct 2022 to Sept 2023 have been “lost” according to a recent audit

In Corporate Treasuries

In Memes

  • Memecoin leaders are slightly green on the day; DOGE +1%, Shiba +1%, PEPE +1%, PENGU -1%, BONK +2%, TRUMP +1%, SPX +4%, and FARTCOIN -1%
  • NEET (+20%), BITTY (+30%), SPARK (+15%) and TOKABU (+13%) led onchain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • Pump Fun did another $12M in buybacks over the past week, representing 98% of their revenue
  • Myriad announced two new UX enhancements, including direct sign-in w/ MetaMask, Rabby & Rainbow wallets and easier bridging directly within Myriad, along with confirmation that USDC predictions will “be considered at TGE”
  • Arbitrum launched DRIP, its $40M DeFi incentive program, targeting leveraged looping with 24M ARB in rewards
  • Fireblocks launched a stablecoin payments network, connecting 40+ participants to streamline B2B stablecoin flows

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap even at $12.7B, leaders were mixed
  • FARTCOIN (-1%), VIRTUAL (+1%), TIBBIR (+5%), aixbt (+3%) & ai16z (+1%)
  • VADER (+33%) and VIRGEN (+22%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mixed; Punks +2% at 48.9 ETH, Pudgy -1% at 9.8, BAYC -1% at 9.1 ETH
  • HV-MTL up 230% were a notable top mover
  • Abstract NFTs were mostly red, led by Roach Racing (+7%)
  • Pudgy Penguins announced that OpenSea will be its official home, along with the PENGU token
  • The Pudgy Party soulbound token can now be claimed inside MetaMask portfolio
  • NFL All Day revamped its collector experience, rolling out verified digital autographed rookie highlight moments and partnering with four NFL teams on in-person activations to onboard more fans

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Morning Minute: Trump Family Makes $6B as WLFI Goes Live

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors slightly green out of long weekend; BTC at $110,000
  • Trump family WLFI token has volatile debut, now at $25B FDV
  • BMNR discloses $8.98B in crypto holdings + cash on hand
  • Hyperliquid posts $100M in monthly revenue, new ATH
  • Pudgy Party reaches top 10 in iOS Free Games rankings

🇺🇸🦅 Trump Family’s WLFI Goes Live

The Trump family has officially launched another token.

And added nearly $6B in paper wealth to the family stack.

📌 What Happened

Within hours, the token ranked among the most valuable new coins by market cap, while disclosures indicate the Trump family holds 22.5B WLFI (worth ~$6B at current prices (tokens are locked under a TBD vesting schedule).

Quick TL;DR on WLFI:

  • Chain & design: WLFI is an Ethereum token tied to World Liberty’s planned lending/borrowing platform (the DeFi app itself hasn’t launched yet)
  • Early trading stats: WLFI was trading in the $30B-$40B FDV range on Hyperliquid premarket before going down only on Monday
  • Sale history: Public rounds priced WLFI at $0.015 and $0.05, raising ~$500–$550M, meaning early buyers were up ~1,700% at peak intraday prices
  • Float & locks: ~24.7B WLFI circulating out of 100B total supply; 33.5B team tokens are locked with vesting TBD (family’s 22.5B WLFI are included in locked holdings)
  • Ecosystem tie-ins: WLFI sits alongside the project’s dollar stablecoin USD1, already live and listed among major stables

As for price action, the token opened around $0.35 before falling all the way to $0.21 and rebounding to $0.25 overnight.

A volatile start, and expect more volatility as new proposals like the late evening token buyback and burn proposal continue to push through.

🗣️ What They’re Saying

“We are now live!!!! Our team has always believed in American strength and leadership. With today’s WLFI token launch, we’re setting a new standard for financial freedom; built on trust, speed, and U.S. values. This is a huge moment for the future of money!” Eric Trump on X

“Big day – World Liberty Fi just launched the $WLFI token. This isn’t some meme coin, it’s the governance backbone of a real ecosystem changing how money moves. Freedom + finance + America FIRST. Home Team” — Donald Trump, Jr. on X

the bull thesis on @worldlibertyfi is pretty simple

this is the trump boys’ dynastic legacy on the line here

hard to see the other crypto stuff they’re doing work on massive scale if wlfi doesn’t

high 10 or 11 figures in future value of all their crypto projects on the line

— Mike Dudas (@mdudas) September 1, 2025

🧠 Why It Matters

The bull case for WLFI is fairly straightforward.

Few tokens launch with this level of built-in audience and national attention.

And many believe that the Trump family’s future in crypto hinges on the success (or failure) of this project.

So they’ll have every incentive to pump the token.

But on the bear side, the protocol is effectively an AAVE fork (and not even live yet!) and trading 4-5x higher.

Plus the vesting schedule is apparently TBD and can be changed via vote, meaning large unlocks could come unexpectedly.

With presalers up so much, expect more sell pressure for the near future. But if and when it finds a bottom, don’t be surprised if WLFI does go on a run.

And of course, any announcements or surprises from the team could change that trajectory…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries

In Memes

  • Memecoin leaders are mixed and chopping on the day; DOGE -2%, Shiba even, PEPE -1%, PENGU +1%, BONK -3%, TRUMP -8%, SPX -5%, and FARTCOIN +2%
  • PWEASE (+90%) and SPARK (+45%) led top onchain movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • Hyperliquid posted its highest-ever revenue month in August with over $102M in revenue
  • LINEA opened for pre-market trading on Hyperliquid at $0.04 (~$3B FDV)
  • Pudgy Party reached 7th in the iOS ‘Free Games’ app store rankings over the weekend
  • Yeet is approaching its $500M milestone on Monday, while Myriad hit $10M in lifetime prediction market volume (Disclaimer: Myriad is a prediction market launched by Decrypt‘s parent company DASTAN)
  • Pigskin dot Fun launched an NFL-style fantasy card game over the weekend, then issued refunds to participants after several issues with its mint

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap fell 2% at $12.7B, leaders were mixed
  • FARTCOIN (+2%), VIRTUAL (-4%), TIBBIR (+4%), aixbt (-3%) & ai16z (-9%)
  • CAESAR (+20%) and IRIS (+20%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly even over the weekend; Punks even at 46.5 ETH, Pudgy even at 10.1, BAYC -6% at 9.1 ETH
  • PROOF PASS (+39%) was a notable top mover
  • Bitcoin NFTs were mostly flat, led by Twelvefold (+11%)
  • Abstract NFTs were mixed, led by Abstractio (+20%)
  • XCOPY’s “hello admin dm me” sold for 70 ETH ($308,000) on Gondi

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Morning Minute: The US Just Put GDP On-Chain

by admin



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors deep red down 3-6% ahead of PCE; BTC at $110,000
  • U.S. Commerce Dept begins publishing GDP data to blockchain with ChainLink and Pyth support
  • CTFC clears way for offshore crypto protocols to embrace U.S. users
  • Trump family’s American Bitcoin plans for September IPO
  • COPE runs 100x in just over a day, leading on-chain meme runners

🇺🇸📊 The U.S. Just Put GDP On-chain

A major U.S. agency has pushed core macro data on-chain.

And it opens a brand-new lane for crypto markets.

📌 What Happened

The Commerce Department began publishing official economic stats on blockchains and tapped oracle providers Chainlink and Pyth to distribute the data for smart contract use.

The initial rollout includes multiple networks, with Chainlink feeds already live.

For a quick overview of the details:

  • Data types going on-chain: Real GDP (level and QoQ annualized %), PCE Price Index (level and QoQ annualized %), and Real Final Sales to Private Domestic Purchasers (level and QoQ annualized %)
  • Frequency: Updates arrive monthly or quarterly as applicable
  • Where it’s publishing first (Chainlink feeds): Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, ZKsync, with support expanding based on demand
  • Pyth’s role: Verify and distribute GDP releases, initially providing quarterly series with historical backfill

The market loved the news with PYTH ripping roughly 100% on the announcement, and LINK popping 5-8% (before retracing).

PYTH absolutely soars on the news it will help power on-chain GDP data

🗣️ What They’re Saying

“The Department of Commerce is going to start issuing its statistics on the blockchain… and we’re going to put out GDP on the blockchain, so people can use the blockchain for data distribution.” – Commerce Secretary Howard Lutnick.

this is the most aggressive bullish barrage of news in one short time period that ive seen for crypto markets in the past ten years

— Ansem (@blknoiz06) August 28, 2025

🧠 Why It Matters

There is a whole lot to unpack here, but it’s all incredibly bullish.

From a government perspective, posting official numbers on public chains makes them tamper-evident and instantly checkable by anyone. That boosts confidence in the data (and trust).

From a data integration perspective, smart contracts can now react to GDP or PCE in real time. Think GDP-linked payouts, on-chain hedges, auto-rebalancing funds, and cleaner prediction markets that settle on official, immutable feeds.

From a crypto perspective, we now have a federal agency using crypto oracles to publish official numbers – signaling crypto infrastructure is crossing into mainstream.

This is a watershed moment for crypto.

The biggest players in the world are beginning to use blockchains for one of their native intended purposes (transparency & decentralization).

The U.S. government is a winner here (efficiency gains), the U.S. people are a winner here (more transparency), LINK and PYTH are direct winners here (showing their utility) and so is the broader crypto space (more adoption and credibility).

Are you tired of winning yet?



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors were deep red ahead of PCE data; BTC -2.5% at $110,000, ETH -6% at $4,340, XRP -4% at $2.87, SOL -3% at $208
  • PYTH (+98%) and PUMP led top movers
  • ETH ETFs continued their green streak with $39.1M in net inflows (lowest in 6 sessions), while BTC saw $178.9M in net inflows
  • The U.S. Commerce Dept has begun publishing GDP data on Bitcoin, Ethereum, Solana and more, with oracle feeds via Chainlink and Pyth (+98%)
  • The CFTC clarified a path for offshore crypto venues to serve U.S. users, paving the way for use of protocols like Binance
  • JPMorgan said BTC is undervalued vs gold as volatility hits record lows
  • USDT is coming to Bitcoin via RGB layer-2, enabling native USD-stable transactions on BTC

In Corporate Treasuries

In Memes

  • Memecoin leaders are red on the day; DOGE -4%, Shiba -3%, PEPE -4%, PENGU -5%, BONK -4%, TRUMP -2%, SPX -11%, and FARTCOIN -5%
  • COPE was the top on-chain SOL runner of the day, running to 800% to $15M at peak (now $10M)

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

  • Solana validators commenced a vote on Alpenglow consensus upgrade targeting near-instant finality
  • CyberKongz announced that 2% of their upcoming KONG airdrop will go to OpenSea users with $10k+ volume since 2023
  • Rabby Wallet teased a Hyperliquid integration
  • XPL jumped 24% to $0.92 ($9.2B FDV) just 2 days after the short liquidation
  • In raise news, Portal to Bitcoin raised $50M to expand “Bitcoin-grade” cross-chain trading stack; M0 closed a $40M Series B to scale stablecoin platform; Rain raised $58M for Visa-linked stablecoin cards

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap even at $13.2B, leaders were red
  • FARTCOIN (-5%), VIRTUAL (-4%), TIBBIR (-2%), aixbt (-2) & ai16z (-3%)
  • GAMBLE (+70%), YOUSIM (+40%) and ANON (+21%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mixed; Punks +2% at 46.5 ETH, Pudgy -2% at 10.1, BAYC even at 9.7 ETH
  • Sappy Seals (+28%) and VeeFriends (+14) were notable top movers
  • Bitcoin NFTs were mostly green again, led by Adderrels (+16%)
  • Abstract NFTs were mixed, led by Bearish (+15%)

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