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 hold steady over the weekend despite Iran deal wobbling; BTC at $65k – STRC fell to a record low of $83 on Thursday before rebounding to $88 – CME sues the CFTC, says crypto perps are swaps not futures – Franklin Templeton filed for ETF that funnels US stock dividends into BTC – Charles Schwab plans to enter prediction market space 📊 Bitcoin Holds Near $65,000 as the Iran Deal Wobbles Bitcoin rose to $65,000 Monday morning, recovering part of Friday’s drop below $63,000 but finishing roughly flat on the week.
Other crypto majors held steady alongside it: – ETH +1% on the week to $1,750 – Solana +1% on the week to $73 – Hyperliquid’s HYPE flat on the week at $68 Fairly uneventful price action, but maybe that’s a win in a week that saw Saylor’s STRC fall to record lows of $83, the ETFs saw $227M in net outflows and the Fear and Greed Index spending the entire week squarely in the Fear zone. As for macro drivers, the Iran War ceasefire saw a setback. Permanent U.S.-Iran ceasefire talks opened in Switzerland after the deal was signed Friday, a deal that sent oil down 9%.