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
And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: – Crypto majors fall 2-4% ahead of CPI this morning; BTC at $61.6k – Claude releases Mythos (Fable 5) but cybersecurity features widely nerfed – Morpho raises $175M backed by a16z & Paradigm to build out institutional integrations – Crypto tax bills hit a wall in the House, likely won’t go to vote soon – Kalshi Perps crosses $1B in volume in first week of existence 🌍 Crypto Falls Amidst War Escalation and Mythos Release Two major macro events landed on Tuesday impacting crypto and broader markets.
A US Army Apache went down near the Strait of Hormuz, which Trump blamed on Iran and said the US “must respond,” and AP and CBC report the military has already begun striking back. Both crew members were rescued and are safe. The crash lands a day after Trump brokered a renewed Iran-Israel ceasefire and in the middle of active US-Iran talks, with Axios reporting the working theory is an Iranian drone of undetermined intent.