Morning Minute is a daily newsletter authored by Tyler Warner. The insights and views expressed are solely his and do not necessarily represent those of Decrypt.
Good morning!
Here are today’s key updates:
- Major cryptocurrencies remained stable over the weekend but recorded a 3-4% rise over the week; Bitcoin stands at $65,000.
- The vote on the Clarity Act is scheduled for September 15.
- Fomo App achieved record revenue and fees, soaring over 5x in the last 6-8 weeks.
- Robinhood Chain saw significant gains as Cashcat rebounded 50%, reaching $150 million.
- FWA tripled in value over the weekend, with developers hinting at new liquidity pools and substantial buybacks.
📈 Bitcoin ETFs Experience Their Largest Inflows Since May
Last week, spot Bitcoin ETFs attracted approximately $854 million, marking their most robust week since spring and halting an eight-week streak of outflows that persisted through June and early July. Ethereum ETFs saw an even larger inflow of $244 million last week. When adjusted for market capitalization, this translates to roughly $1.25 billion in Bitcoin inflows.
From a broader economic perspective, earnings reports from the previous week were generally positive. However, the July jobs report was disappointing, showing a loss of 23,000 jobs against expectations of an increase of 80,000, marking the first decline in months, even as unemployment slightly decreased to 4.1%. This scenario prompted a significant shift in the likelihood of a rate hike in September, which dropped from 67% to 42%, making it less likely.
Though Bitcoin and Ethereum saw only a modest increase of 2% this week, the return of inflows is a positive sign. It represents a crucial step towards establishing a market bottom and potentially reversing the ongoing bear market.
🌎 Overview of Macro Crypto and Markets
- Major cryptocurrencies are mostly stable but up 3-4% from last week; Bitcoin is steady at $65,000; Ethereum remains at $1,916; Solana is up 1% at $77; HYPE is also up 1% at $55.10.
- Leading altcoins include WLD (+10%), JTO (+10%), and PUMP (+7%).
- Oil prices increased by 1% to $79.30; Gold remains stable at $4,400.
- Stock futures show little movement ahead of market opening; DOW -0.1%, Nasdaq +0.2%.
- The Clarity Act is set for a Senate vote on September 15, although the probability of it passing in 2026 stands at just 21%.
- The NYSE is developing an on-chain settlement platform for tokenized securities, following its involvement in the DTCC's tokenization pilot in July.
- Bitcoin's "anti-spam" fork came to a halt after only mining two blocks, as the BIP-110 chain split occurred over the weekend but stalled within about eight hours, lacking sufficient hash power.
- MARA sold approximately 23,093 BTC for $1.63 billion in H1 2026 at an average price of around $70,631 to support operations, and borrowed an additional $600 million against 18,750 BTC from Coinbase and Two Prime, while retaining 35,577 BTC.
- Grayscale withdrew its registration applications for ADA, HBAR, and DOT ETFs.
Corporate Treasuries & ETFs
- Bitcoin ETFs recorded $102 million in net inflows on Friday and $865 million for the week; Ethereum ETFs saw $49.6 million in inflows ($244 million for the week).
Meme Coin Overview
- Meme leaders showed mixed results; DOGE remained steady, SHIB increased by 2%, PEPE by 1%, PENGU by 7%, TRUMP by 1%, and BONK by 1%.
- Cashcat led the Robinhood chain with a 40% increase to $150 million, followed by Pipedog at +21% to $39 million and PONS at +40%.
- Solana leaders included TOAD rising to $13 million, Stonk increasing by 20% to $8 million, and KET also up by 20%; ANSEM remained stable at $180 million.
💰 Token, Airdrop & Protocol Update
- The Fomo App achieved a new record for weekly volume at $523 million and fees at $3 million, both metrics increasing over five times in the past 6-7 weeks.
- Pump Fun’s PUMP token reached $2.8 billion in fully diluted valuation, its highest level since January 2026, as the team focuses more on social trading to compete with Fomo App.
- Zcash’s migration is now 60% complete with the Ironwood Pool now 50% larger than the Orchard pool.
🚚 NFT Market Updates
- NFT leaders remained mostly unchanged; Punks stayed at 32.2 ETH, BAYC at 8 ETH, and Pudgy rose by 4% to 3.95 ETH.
- Stonkbrokers surged over the weekend to 12.9 ETH, now 50% higher than Bored Apes, making it the second highest PFP by floor price after Punks.
- New mint Mancers jumped another 50% to 1.28 ETH ahead of their product launch this week.
- FWA tripled over the weekend to a market cap of $25 million, with founder Rhynotic hinting at new pools and revealing that 100 ETH in protocol revenue has already been used to buy and burn FWA tokens.