Morning Minute: Bitcoin and ETH Trading Is Coming to the NYSE, Nasdaq and More

Thanks to a major new initiative from the SEC & CFTC as a part of the broader 'Project Crypto.' Plus SOL leads the way again as crypto majors see more green.

By Tyler Warner

5 min read

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 are green with SOL leading; BTC at $111,500
  • BTC ETFs see $333M in inflows, highest day since Aug 8; ETH ETFs see outflows
  • SEC & CFTC give green light for spot crypto listing & trading for major exchanges
  • Solana Alpenglow upgrade approved by validators, targets Q1 2026
  • Pump.fun introduces Dynamic Fees v1 with 10x higher creator fees

🏛️ Spot Crypto on U.S. Exchanges? SEC & CFTC Just Opened the Door

A rare joint staff statement from the SEC and CFTC says registered U.S. exchanges are not prohibited from facilitating trading in certain spot crypto products.

Translation: a real path for spot crypto trading is now visible.

📌 What Happened

The SEC and the CFTC issued a joint statement saying that SEC- or CFTC-registered exchanges can facilitate trading of certain spot crypto asset products, under current law.

Yes, that means spot BTC and ETH trading is coming (and likely several other crypto majors).

The statement is explicitly staff guidance (not a rule), but it invites filings and requests for relief and lays out what regulators will evaluate - margin/clearing/settlement, surveillance of underlying markets, and public trade-data dissemination.

It sits under the SEC’s Project Crypto and the CFTC’s Crypto Sprint initiatives.

So who could list?

SEC-registered national securities exchanges (like the NYSE, Nasdaq and CBOE), CFTC-registered designated contract markets (i.e. the CME) and many others (subject to approval).

🗣️ What They’re Saying

“Today’s joint staff statement represents a significant step forward… Market participants should have the freedom to choose where they trade spot crypto assets.” - SEC Chair Paul Atkins

“Under the prior administration… the message was clear: innovation was not welcome. That chapter is over.” - CFTC Acting Chair Caroline Pham

🧠 Why It Matters

For the first time, the two market regulators are jointly inviting registered exchanges to bring spot crypto into the regulated exchange stack.

Soon, investors and traders are going to have many more options for where to buy, trade and hold crypto beyond just Coinbase, Kraken and a few other viable options.

It also means we will likely see spot + derivatives under one roof with tighter spreads and fewer fragmentation headaches. That’s clearly a better user experience.

Arguably the most important aspect of this announcement though - it shows Project Crypto means business, and they’re moving fast.

This administration is showing a clear shift from “enforcement first” to “coordination first.”

It means more bullish announcements like this are coming, and likely soon.

All of the barriers are falling down.

Crypto trading will go mainstream in the U.S. under a regulated framework. It’s happening in real time…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries

  • SharpLink added $176M in ETH, lifting holdings to >$3.6B
  • Strategy acquired 4,000 BTC (~$450M), bringing its total to ~636,500 BTC
  • Corporate crypto treasuries are now nearing $100B in assets after the summer boom
  • ETHZilla deployed $100M of ETH holdings into EtherFi’s restaking protocol

In Memes

  • Memecoin leaders are green on the day up 2-5%; DOGE +2%, Shiba +1%, PEPE +2%, PENGU +5%, BONK even, TRUMP even, SPX +4%, and FARTCOIN +6%
  • California Governor Gavin Newsom announced plans to launch an anti-Trump memecoin of his own
  • HUCH jumps 270% to $7M; COPE +80% to $7M; ZARD +180% following Pokemon meta

💰 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 up 2% at $12.7B, leaders were green
  • FARTCOIN (+6%), VIRTUAL (+4%), TIBBIR (+13%), aixbt (+8%) & ai16z (+3%)
  • TIBBIR (+13%) and CAESAR (+11%) 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 red down another 1-5%; Punks -6% at 44 ETH, Pudgy -1% at 9.9, BAYC -2% at 8.9 ETH
  • An Autoglyph sold for 93 ETH ($405,000), the first sale in a month
  • Bitcoin NFTs were mostly red, led by Nodemonkes (+8%)
  • Abstract NFTs were mixed, led by Gigaverse ROMs (+12%)

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