Morning Minute is a daily newsletter authored by Tyler Warner. The views and analysis presented are his and do not necessarily represent those of Decrypt.
Good morning!
Here are the key updates for today:
- Major cryptocurrencies rise by 2-3% as ETF investments increase; BTC is valued at $66.2k
- Bitcoin ETFs recorded $227M in net inflows, marking five consecutive days of gains
- The White House has reportedly reached an agreement on an ethics package for the Clarity Act
- Saylor has generated an additional $225M by selling shares of MSTR; no new Bitcoin purchases were made
- Robinhood Chain experienced significant gains overnight, with launchpad PONS up by over 100%
🏛️ White House Finalizes Ethics Agreement on CLARITY, Paving the Way Forward
The primary obstacle to the landmark market-structure legislation for crypto might have just been overcome.
Crypto In America host Eleanor Terrett reported on Monday afternoon that the White House has sent an ethics package related to the CLARITY Act to select Senate Republicans. The specifics remain undisclosed, but industry insiders are optimistic that this could lead to the release of revised bill language soon.
This development is significant because the ethics clause has been the major contention point. For weeks, Senate Democrats, led by Elizabeth Warren, have withheld their support for CLARITY unless it prohibits the president, senior officials, and their families from profiting from crypto. This demand intensified after Trump revealed over $1.2 billion in cryptocurrency earnings. Democrats even labeled the bill as “corrupt” during a press conference last week. If the White House has indeed approved the ethics language, it would eliminate the very objection that has allowed Democrats to withhold the necessary votes for CLARITY to meet the 60-vote requirement.
🚨NEWS: I’m receiving information from multiple sources in the industry that the White House has agreed on an ethics package for the Clarity Act and has sent the language to certain Senate Republicans this afternoon.
The specifics of the agreement are still unclear (I’ve reached out for…
— Eleanor Terrett (@EleanorTerrett) July 20, 2026
However, it’s essential not to get overly optimistic. The Polymarket contract for “CLARITY Act signed into law in 2026” increased by 12% following the news (now at 42%), but remains considerably lower than its peak of around 75%. Thus, passing this year still appears challenging.
Nonetheless, if the bill does pass due to this White House negotiation, it could bring about changes not currently anticipated. Many analysts believe that significant institutional and investment capital is waiting on the sidelines until this legislation is enacted. If it moves forward, it could potentially trigger a surge in Bitcoin prices (and other major cryptocurrencies, along with various altcoins) and might lead to new all-time highs within the next 1-2 years. Just a few weeks of progress might be enough to push Bitcoin back to the $80k mark.
While this remains speculative, it appears that the bill has gained renewed momentum. The upcoming weeks are crucial as the August recess approaches.
🌎 Macro Crypto and Markets
- Major cryptocurrencies are up by 2-3% as ETF investments heat up; BTC +3% at $66.3k; ETH +4% at $1,935; SOL +2% at $78; HYPE +3% at $62.80
- ONDO (+17%), HASH (+15%) and VVV (+10%) were the top gainers
- Oil +1% at $84; Gold +1% at $4,064
- Stock futures are positive; DOW +0.3%, Nasdaq +1.2%
- Former NY Governor Andrew Cuomo joined OKX's board, bringing regulatory expertise as the exchange expands in the US, aided by ICE's $25 billion investment
- Fluidstack, a developer of large-scale AI infrastructure, secured $830M in a Series A funding round at a $7.5B valuation, led by Situational Awareness, and has partnered with Bitcoin miners to utilize their facilities for AI computing
- Polymarket has referred approximately 100 wallets to law enforcement as it addresses potential insider trading issues
- AI compute stocks rebounded as Hut 8 and IREN secured billions in new contracts, alleviating concerns over data-center demand
Corporate Treasuries & ETFs
- Bitcoin ETFs recorded $227M in net inflows on Monday, marking five consecutive days of gains; ETH ETFs saw $38M in inflows
- Strategy continued its Bitcoin buying pause for a fourth week, increasing its cash reserve to $3.2 billion while keeping its 843,775 BTC intact
- Tom Lee’s BitMine reduced ETH purchases to just 7,430 ETH (~$14M) last week while repurchasing $86 million in its own stock
Meme Coin Tracker
- Meme leaders experienced gains; DOGE +2%, SHIB +2%, PEPE +4%, PENGU +2%, TRUMP +2%, BONK +3%
- Robinhood chain had a very successful day, led by PONS (+100%), RH67 (+230x), VEX (+60%) and YOLO (+90%); Cashcat increased by 12% to $80M
- Top performers on Solana included AVA (+30%) and Cubeman (+85%); ANSEM rose by 5% to $198M
💰 Token, Airdrop & Protocol Tracker
- Monad launched token sales via Sonar, offering the new L1 a native launchpad through Coinbase-owned infrastructure
- OSF introduced Rekt Mkts, a token-driven trading-content platform featuring a free daily stream, a returning newsletter, and a Pro tier that allocates 100% of net revenue into $REKT buybacks
- Cardano’s Wanchain bridge was compromised overnight with approximately $9M in NIGHT tokens lost
- Bonk launched a new token launchpad for Robinhood Chain named Circus Trade
🚚 What is happening in NFTs?
- NFT leaders showed slight gains; Punks remained steady at 32 ETH, BAYC rose by 1% to 8.75 ETH, Pudgy increased by 2% to 4.15 ETH; Hypurr’s value increased by 2% to 191 HYPE
- Funkari (+12%) and Mooncats (+10%) were the top gainers