Morning Minute: Bitcoin Makes Smashing New ATH Over $125k

Morning Minute is a every single day newsletter written by Tyler Warner. The diagnosis and opinions expressed are his have and pause no longer necessarily think those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Lately’s top recordsdata:

• Crypto majors are green after Bitcoin hits fresh ATH at $125,600 (now $124,300)
• BNB hits fresh ATH at $1,220; Binance lists location ASTER (+10%)
• ASTER Stage 2 airdrop confirmed for Oct 14; customers can earn tokens for prices rebated
• MetaMask teases fresh rewards program with $30M in LINEA up for grabs
• Rhynotic shares fresh ‘north megastar’ imaginative and prescient for Punk System to severely change launchpad; PNKSTR soars to $300M

🟠 Bitcoin Prints a Modern All-Time High Above $125K

Bitcoin ripped to a original teach on Sunday.

Environment the tone for what would possibly very successfully be a huge week.

📌 What Took place

After reclaiming $120K leisurely week, BTC pushed thru its August peak and draw a fresh ATH all the absolute most realistic intention thru Sunday alternate over $125,600.

The breakout became clearly pushed by inflows: location bitcoin ETFs notched ~$3.2B of procure inflows closing week (second-easiest on teach), whereas futures launch passion hit original highs into the weekend.

Macro furthermore helped, because the authorities shutdown seems to had been the catalyst that lastly pushed the bankers and advisors into Gold and its digital counterpart.

On that conceal –

Morgan Stanley started allowing its ~16,000 brokers to solicit location BTC ETFs for eligible purchasers.

And in addition they’re the exercise of original interior primers to talk about portfolio allocation to Bitcoin, explicitly calling for 0-4% allocation – starting from 0 for wealth conservation (lol*) to 4% for “Opportunistic Growth.”

*Holding the buck is believed to be one of the crucial worst issues an investor would possibly pause just appropriate now for wealth conservation. Test below for more context.

So an military of wealth advisors who collectively prepare $2T in sources are about to head pitch 2-4% portfolio allocations to Bitcoin.

I love that draw up.

🗣️ What They’re Announcing

“The story is easy: Trump stated The USA can “develop its intention out of debt.” What it in actual fact intention is debasement. Shutdowns spotlight the erosion of belief in U.S. institutions — Bitcoin is the stress valve. That’s no longer bearish S&P, it’s bearish buck.” – Goldman

“The ideal alternate is the debasement alternate. Few.” – Haralabob, on X

🧠 Why It Issues

The entirety is debasement.

Every macro alternate just appropriate now will be the debasement alternate.

Question to hear that duration of time a long way more step by step within the coming months (JP Morgan is clearly leaning in).

It’s no accident that the identical week the bankers coined and pitched “the debasement alternate”, we seen a near-teach setting $3.2B into the Bitcoin ETFs.

They’ve crammed their luggage, and now they’re pitching those luggage to purchasers.

And in addition they’re pitching gold and digital gold (Bitcoin).

I do know, individually, as a result of my financial consultant literally known as me on Friday to pitch me gold (they possess got a $6,000 mark goal for 2026, a 50% return from right here).

I can’t look forward to the call in just a few months when he pitches me Bitcoin.

It’s coming. It’s lawful a subject of time.

Oh, and my advice for anybody peaceful clinging on to the “4-300 and sixty five days cycle” for crypto and Bitcoin –

The debasement alternate doesn’t care about your 4-300 and sixty five days cycle…

🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my come upon:

• Crypto majors are green after Bitcoin made a fresh ATH at $125,500 over the weekend; BTC +1% at $124,350, ETH +1% at $4,580, XRP -1% at $3.00, SOL +1% at $233
• BNB hit a fresh ATH at $1,220 (+20% on the week)
• ZEC (+17%), ASTER (+11%) and MYX (+10%) led top movers
• Gold hit a fresh ATH at $3,966, now up almost 50% YTD
• The Bitcoin ETFs closed a huge week with $3.23B in procure inflows; ETH ETFs seen $1.3B
• Morgan Stanley issued fresh guidance for its 16,000 advisors managing $2T to originate up pushing Bitcoin (ETFs) to their purchasers
• Galaxy debuted its fresh cellular app ‘GalaxyOne’ aimed at particular person investors
• Coinbase applied for a U.S. nationwide belief bank charter, signaling a deeper push into regulated fiat rails and custody
• Long-established Chartered reiterated its near duration of time mark targets of $135,000 for Bitcoin and a 300 and sixty five days-end goal near $200,000, citing accelerating ETF are expecting and supportive macro dynamics into the fourth quarter
• Samsung Pockets added in-app earn entry to to Coinbase One for US customers

In Company Treasuries / ETFs

• Tether is in talks to lift $200M with Antalpha Platform to create a TreasuryCo for XAUt (its gold token)
• Defiance filed to launch dozens of leveraged ETFs tied to bitcoin funds and crypto equities, proposing up to a couple× exposure

In Memes

• Memecoin leaders are blended; DOGE +1%, Shiba -1%, PEPE +1%, PENGU -3%, BONK -1%, TRUMP even, SPX +2%, and FARTCOIN -5%
• WNTV (+60x) and PFP (+50%) led onchain Sol movers

💰 Token, Airdrop & Protocol Tracker

• Aster confirmed its Stage 2 airdrop will reach on October 14, with Stage 3 draw to originate up as of late; Binance furthermore listed location Aster, leading to a 10% pop to $2.05
• MetaMask debuted its rewards program and aspects system, with plans to distribute up to $30M LINEA in Season 1
• MegeETH teased its upcoming MEGA airdrop in a cryptic tweet
• Myriad had its first $1M market and first $2M day on Sunday

🚚 What is going down in NFTs?

Right here is the checklist of other critical headlines from the day in NFTs:

• ETH NFT leaders were mostly even; Punks even at Forty eight.8 ETH, Full +1% at 10.06, BAYC +4% at 8.8 ETH; Hypurr’s -3% at 1,380 HYPE
• Max Concern (+14%) and Azuki (+10%) were critical top movers
• Punk Strategy soared to fresh ATH (now $290M) after founder Rhynotic shared a fresh “north megastar” imaginative and prescient for the app to successfully severely change a Strategy token launchpad, now furthermore preserving 23 Punks
• 5 fresh NFT Strategy tokens will launch this week, one per day, starting as of late with Goblins, then Checks, XCOPY Max Concern, Trusty Vibes Membership and
• Modern “Punk Auction Strategy” launched as a PNKSTR by-product, buys its first Punk