By Tyler Warner

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 rebounded after Friday’s sell off; BTC at $86,000
• Coinbase acquired Vector dot Fun from TNSR
• Monad presale 1.43x oversubscribed; token and mainnet live today
• Hyperliquid’s growth mode initiative to reduce fees by 90%
• MegaETH predeposit campaign starts tomorrow

💥 Bitcoin Crashes, Then Snaps Back

A brutal Friday selloff turned into a weekend bounce.

Just how bad was it?

📌 What Happened

Friday opened with panic.

Bitcoin sliced below $86K and then fell below $81k before stabilizing.

At one point, the market saw more than $1.7B in liquidations, one of the biggest wipes of the year.

Then it flipped.

Through late Saturday and into Sunday, bids started reappearing.

BTC crawled back above $87K, ETH stabilized, and even the hardest-hit alts posted green.

As the dust settles this morning, here are current prices and their 30-day percent change.

Bitcoin at $86,000 (-23% on the month)

• ETH at $2,800 (-29%)
• XRP at $2.05 (-20%)
• BNB at $840 (-25%)
• Solana at $129 (-33%)

One of the worst months since 2022. And as the dust settles, the overall crypto market cap now sits below $3T - down $1.3T in the past 7 weeks.

🧠 Why It Matters

Friday was the kind of wipeout that shakes people out of the market.
But there are some reasons for optimism:

• The ETFs flipped green again on Friday
• Stablecoin outflows slowed the moment BTC stopped falling
• Alts showed they still have buyers when BTC stabilizes

Most importantly, the weekend bounce proved there’s still plenty of real demand waiting for discounts.

That doesn’t mean the volatility is over. Far from it.

But there are several indicators and metrics showing that Bitcoin and broader crypto are more oversold right now than they have been since the most extreme bear market conditions.

This week will be telling. If prices stabilize, it will be sighs of relief for most. But if the selling starts again, it will become more clear that a real bear market may be in the crosshairs.

We will find out soon enough.

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

• Crypto majors are slightly red after a weekend rally cools off; BTC -1% at $86,000; ETH -1% at $2,800, BNB -1% at $840, SOL -1% at $129
• CC (+12%), XDC (+3%), and AAVE (+3%) led top movers
• Crypto Fear & Greed has been in Extreme Fear for 12 days running now
• Coinbase acquired Tensor’s Vector dot Fun team, with the TNSR token turned over to the foundation
• Satoshi Nakamoto’s estimated BTC fortune dropped by about $41B during the selloff on Friday
• Zcash developers detailed preparations for quantum threats, arguing protocol design and upgrade paths left ZEC better positioned than Bitcoin for a future cryptographic transition
• Cardano’s network suffered a “poisoned” transaction attack that triggered a chain split
• Crypto industry lobbyists hosted a private tax-policy dinner for lawmakers, pushing for friendlier digital-asset tax treatment alongside the broader market-structure bill fight
• Jack Mallers (Strike CEO) shared that JPMorgan closed his bank accounts and wouldn’t give him an explanation

In Corporate Treasuries / ETFs

• The Bitcoin ETFs saw $238M in net inflows on Friday amidst the selloff
• SOL Strategies’ CEO said corporate crypto treasuries had faded and predicted staking ETFs would “eat their lunch” by offering simpler, yield-bearing public-market exposure
• Tom Lee’s BMNR announced an annual dividend of $0.01 per share

In Memes / Onchain Movers

• Memecoin leaders are mixed led by Fartcoin; DOGE +1%, Shiba -1%, PEPE +1%, PENGU -1%, BONK +1%, TRUMP -3%, SPX +3%, and FARTCOIN +8%
• WOJAK (+40%), FWOG (+20%) and AVICI (+27%) were notable movers

💰 Token, Airdrop & Protocol Tracker

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

• Monad’s mainnet and token goes live today after its ICO presale was 1.43x oversubscribed with $269M committed and 86k participants
• Solana announced it would list MON for trading on day one, along with other apps like Fomo
• Hyperliquid announced a new ‘growth mode’ initiative for HIP-3 deployers to reduce fees by 90%
• MegaETH is launching a predeposit campaign starting tomorrow with a $250M cap
• Aerodrome had its front end compromised over the weekend

🚚 What is happening in NFTs?

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

• NFT leaders were mostly flat over the weekend; Punks even at 29.9 ETH, Pudgy even at 5.35, BAYC even at 5.9 ETH; Hypurr’s -2% at 634 HYPE
• v1 Punks (+10%) and Quirkies (+13%) were notable movers
• Pudgy Penguins announced a partnership with Bearbrick and sold out another toy sale

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