Morning Minute is a daily newsletter authored by Tyler Warner. The views shared here are his own and do not necessarily represent those of Decrypt.
Good morning!
Here are today’s key highlights:
- Major cryptocurrencies are seeing gains, with HYPE leading; BTC up 1% to $63,500
- Trump is scheduled to meet with CEOs from the crypto and prediction market sectors this week
- SafePal has experienced a data breach affecting 40,000 customers
- Paul Tudor Jones resumes purchasing IBIT after a year of selling
- Basecat surges 20x, BNB records a $40M increase while RH Chain stabilizes; ANSEM rebounds to $260M
🏛️ Trump to Host Meeting with Crypto Executives at the White House This Week
President Trump is expected to hold a meeting at the White House on Wednesday, gathering CEOs from the crypto, prediction market, and AI industries. This event is taking place just before the inaugural session of the CFTC’s new Innovation Advisory Committee on Thursday.
The committee will include notable figures such as the heads of Coinbase, Ripple, Gemini, Robinhood, Polymarket, and Kalshi, as well as leaders from CME Group, Nasdaq, Intercontinental Exchange, and the DTCC. CFTC Chairman Mike Selig is anticipated to attend, along with potential appearances by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. The Thursday session is set to kick off with a panel titled “Crypto’s Regulatory Evolution: From Uncertainty to Clarity.”
This meeting comes at a crucial juncture for the crypto industry, which is facing significant challenges. It indicates an administration that is fully backing the sector as regulators attempt to introduce more favorable regulations. The SEC recently postponed its “innovation exemption” concerning tokenized stocks, and the CLARITY Act is currently stalled in the Senate, its future linked to whether Trump will agree to stricter ethical guidelines regarding his own crypto investments. Thus, the president is convening the industry's leading executives to demonstrate support, even as actual policy advancements appear to be diminishing.
Conversations must now translate into action. It is hoped that this group can initiate the necessary momentum…
🌎 Macro Crypto and Markets Overview
- Crypto majors show slight declines this week after a recent turnaround; BTC down 2% to $63,500; ETH down 1% to $1,900; SOL down 1% to $75; HYPE up 9% to $59.15
- Notable altcoin movers today include Pump (+7%), ZEC (+6%), Ondo (+5%), and MNT (+3%)
- Oil up 0.5% to $82.5; Gold also up 0.5% to $4,460
- Stock futures are mixed ahead of Monday’s market opening; DOW down 0.2%, Nasdaq up 0.5%
- Trump’s World Liberty has secured a conditional bank charter, allowing it to proceed with its USD1 stablecoin, as the OCC has given preliminary approval for a Florida national trust bank to handle USD1 issuance previously managed by BitGo
- SafePal has reported a data breach that compromised around 40,000 customers' names and addresses due to a flaw in an order-tracking plugin
- Israel’s largest bank, Leumi, has launched Bitcoin and Ethereum trading, marking it as the first major bank in the country to offer regulated crypto trading
- Paul Tudor Jones’ firm has increased its investment in BlackRock’s Bitcoin ETF, buying back into IBIT after a year of divestment, a significant shift for the billionaire investor
- Tether is expanding into AI, planning on-device AI applications in developing regions across sectors like health, finance, and sports
- Perpetual contracts trading on CEXs has surged 79x in 2026 reaching $142B as of August 16
Corporate Treasuries & ETFs Update
- Bitcoin ETFs experienced $56M in net outflows on Friday ($390M for the week); ETH ETFs saw $0M inflows on Friday and $2.26M for the week
Meme Coin Overview
- Meme leaders mostly declined this week; DOGE unchanged, SHIB down 5%, PEPE down 11%, PENGU down 12%, TRUMP down 6%, BONK down 6%
- Robinhood chain experienced significant declines overall, with Cashcat dropping to $100M and Stonkbroker falling 40%; Printer (+80%) and Wall (+30%) were the standout gainers
- Solana leaders included Ansem (+11% to $260M), Layooo (+33x), and Billy (+141x); Cupsey also surged 40% to $13M
- Basecat skyrocketed 20x to $14M after gaining attention from Cobie on its X account; 牛来 surged to $40M on BNB over the weekend
💰 Token, Airdrop & Protocol Insights
- Hyperliquid reached its highest Open Interest level since October 10
- Pump.fun doubled Hyperliquid's revenue in the past week, bringing in $11.5M (Hyperliquid generated $5.7M)
🚚 NFT Market Activity
- NFT leaders were mostly down; Punks steady at 31.7 ETH, BAYC down 1% to 8.05 ETH, Pudgy down 3% to 3.8 ETH; Stonkbrokers down 7% to 9.95 ETH
- Top movers included Quotrons (+80%), RH Machines (+33%), and Stackers (+35%)
- FWA unveiled its FWAir launches as a new method for creators to release NFT collections on the FWA protocol