Morning Minute is a day-after-day newsletter written by Tyler Warner. The diagnosis and opinions expressed are his possess and construct now not necessarily mirror these of Decrypt. Subscribe to the Morning Minute on Substack.
GM!
On the brand new time’s top data:
- Crypto majors rally on abet of US Gov’t reopening growth; BTC at $106,000
- ZEC cools off after parabolic bustle to $750, holds at $630
- UK to impose stablecoin cap at £20k
- Ledger considers an IPO or deepest fundraise
- Virtuals presented a brand contemporary AI roar + token launchpad with Luna dot Fun
💥 Crypto Rallies as Washington Edges Against a Deal
The executive is on the level of reopening and we’re operating abet stimmy season.
And crypto markets love it.
📌 What Came about
After weeks of coverage gridlock and anguish-pushed selling, Bitcoin ripped abet above $106,000 and altcoins followed suit.
The rally came as Washington signaled growth on reopening the manager, and President Trump floated $2,000 “tariff dividend” exams to offset user charges from his change notion.
Bitcoin rose over 6% in 24 hours, temporarily touching $107K, whereas ETH reclaimed $3,600 and SOL jumped 10%.
The switch tracked a rebound in equities and metals, as merchants reacted to 2 parallel developments:
- Shutdown growth: Congressional leaders reportedly reached a framework deal to fund federal companies by technique of early 2026, easing fears of a prolonged freeze on spending and wages.
- Tariff exams: Trump proposed sending American citizens articulate funds tied to tariff income, a twist that markets interpreted as another doable liquidity injection into the economic system.
Collectively, these headlines flipped possibility sentiment overnight.
🗣️ What They’re Announcing
“Markets have in mind been attempting forward to Washington to blink. The 2d fiscal headlines became obvious, crypto snapped abet.” – QCP Capital
TRUMP ANNOUNCES $2,000 TARIFF DIVIDEND FOR AMERICANS
President Donald Trump presented a $2,000 cost to most American citizens, funded by U.S. tariff revenues. In a Fact Social post, he stated the U.S. is collecting “trillions of greenbacks” in tariffs and must peaceable spend the cash to minimize…
— *Walter Bloomberg (@DeItaone) November 9, 2025
🧠 Why It Issues
The four-year cycle believers are operating out of time to be steady.
This bundle of data from Washington sent Bitcoin abet into the fluctuate and neatly above $100k (and the the relaxation of crypto with it).
The weekly used to be saved.
Now, there are diverse extra bullish catalysts forward than bearish ones.
The executive is reopening. Stimulus exams (or tax rebates) are coming. Interest charges will tumble in 2026.
And all of that is on top of the growth made in 2025 with crypto opening for industry in the US, the ETF development, Tradfi’s embrace and crypto coming to 401k’s soon.
Essentially the most important endure case is—Bitcoin historically goes down after 4 years.
That’s honest about it.
And that’s beautiful old vogue.
Bulls are abet up to slip—and bears are formally on gaze…
🌎 Macro Crypto and Memes
About a Crypto and Web3 headlines that caught my be conscious:
- Crypto majors are very green on abet of US executive reopening data; BTC +4% at $106,000; ETH +4% at $3,590, BNB +1% at $996, SOL +5% at $168
- STRK (+40%), WLFI (+27%), PUMP (+17%) and NEAR (+18%) led top movers
- ZEC temporarily spiked to $750 on Friday earlier than retracing, now at $630 (+57% on week)
- The UK shared plans to cap stablecoin holdings at 20,000 kilos
- Ledger is serious about an IPO in New York or deepest financing within the next year
- Michael Burry wager $1.1B in opposition to AI giants NVDA and PLTR, jolting tech markets and feeding the “AI top” yarn
In Corporate Treasuries / ETFs
- The Bitcoin ETFs seen $558.4M in come by outflows on Friday, with ETH seeing $46.6M in outflows
- Bitwise Solana ETF (BSOL) showed stable early search data from with >$500M+ in come by inflows (including initial seeds)
In Memes
- Meme coin leaders are very green along with majors; DOGE +4%, Shiba +1%, PEPE +3%, PENGU +10%, BONK +5%, TRUMP +13%, SPX +5%, and FARTCOIN +10%
- USELESS rallied 27% to $211M and Troll jumped 25% to $60M
💰 Token, Airdrop & Protocol Tracker
Here’s a rundown of main token, protocol and airdrop data from the day:
- A Columbia watch came upon ~25% of Polymarket quantity reveals signs of wash trading / airdrop farming habits
- Coinbase teased a token launchpad coming on the brand new time
- Sui’s consensus protocol Mysticeti rolled out a necessary upgrade with Mysticeti v2 leading to faster processing times and extra scalabillity
- Monad presented its first wave of momentum apps sooner than mainnet launch within the following few weeks
- Ethena’s S4 airdrop went reside, sharing that S5 will bustle for the next 6 months
- Virtuals presented Luna dot Fun because the main meme launchpad with AIGC (AI Generated Explain material platform)
🚚 What is going down in NFTs?
Here is the checklist of alternative basic headlines from the day in NFTs:
- NFT leaders have in mind been green across the board; Punks +4% at 35.5 ETH, Fat +4% at 6.1, BAYC +4% at 6.35 ETH; Hypurr’s +3% at 900 HYPE
- Beeple – Spring/Summer Assortment (+23%) and CryptoDickButts (+33%) are basic movers
- The NFT Token Solutions have in mind been all green, with PNKSTR up 10% to $40M
