Morning Minute is a daily newsletter written by Tyler Warner. The presented analysis and opinions are of him and do not necessarily reflect those of Decrypt. Subscribe to Substack on the morning minute.
GM!
The best news of today:
- Crypto Majors jump on 401 (K) News; ETH passes $ 3,900
- SEC and Ripple fall a legal struggle for the good; XRP jumps 7%
- FGF files to pick up $ 5 billion to build an Eth Treasury
- Chainlink announces Chainlink Reserve and Link -Tugkoop
- Pump.Fun announces Glass Full Foundation, spends $ 1.69 million buying memes
🏦 Crypto in your 401 (K)? It happens
Trump signed an Executive Order Opening Pension Accounts for exposure to Crypto.
The “infinite twap” is finally here – but it may not be the biggest immediate impact factor.
📌 What happened
US President Donald Trump has officially signed an executive order with which cryptocurrencies and digital assets can be held in 401 (K) pension accounts.
It is a historical policy shift that could lead trillions in long-term capital to crypto markets.
The order instructs the Ministry of Labor to handle digital assets as permitted alternative investments within defined contribution pension plans.
It also determines a framework for crypto-oriented funds, trusts and ETFs that are offered as planning options by pension providers such as Fidelity, Schwab and Vanguard.
This movement fulfills an important part of the Trump 2024 campaign platform and accelerates the institutional mainstreaming of Crypto as a biased activa class.
🗣️ What they say
“The short -term impact of Trump’s executive command of Trump is that it sends another message to investors that the awakening for the Crypto regulations is to stay here. That clearly pushes the market higher.”
-RYAN Rasmussen, Bitwise head of research
“Crypto in 401KS is much bigger news than the ETFs In the US, around 100 million Americans have known a pension investment vehicle as a 401 (K). Every 2 weeks, part of their salary is led directly to the purchase of a mixture of shares and bonds. On the steering machine. No discretion, only direct purchases based on their predefined allocations. Most Americans adjust these allocations annually, or not at all. “
-Tom Dunleavy, head of the company at VaryS Capital
🧠 Why it matters
This is one of the biggest unlocks of capital in the crypto history.
The American pension market has more than $ 12.5 trillion in 401 (K) assets.
Even a conservative allocation of 1% to Crypto would represent $ 125 billion in new capital – double the combined assets of all current Bitcoin and Ethereum ETFs (~ $ 63b).
(I let the Moonboys do mathematics about what 10-20% means).
And unlike traders or speculators in the short term, 401 (K) money is long duration and less price-sensitive-it is sticky.
The other impact here outside the “Infinite Twap” (which I have defined as a fixed % of the weekly salaries that go BTC / crypto forever in BTC / Crypto forever) is …
The efforts for recalculation in advance.
Once this has been approved and operational, there will be a cohort of people who immediately exchange 1-2%, or 5%or 10%+ of their 401Ks in crypto.
This is now 1-2%+ of their weekly salary, this is 1-2%+ of their entire 401Ks.
It is a tsunami of capital.
And this is what Bitcoin could push to $ 180k+ in the near future.
The time is now to get into position, so that you can ride on the tsunami wave – and are not rinsed out by it …
🌎 macro crypto and memes
- Crypto Majors are green with XRP that leads after ending the legal battle; BTC +0.2% at $ 116,800, ETH +2% at $ 3,910, XRP +8% at $ 3.32, Sol +2% at $ 177
- Shuttle (+22%), Aero (+12%) and Link (+11%) left top movers on a big day for Alts
- Chainlink’s link token jumped with 11% after the team had introduced its chain link reserve, which now used income to buy its own token for a reserve
- ETH ETFs Had their largest day in 9 sessions with $ 222.3 million in net inflow (BTC ETFs saw $ 277.4 million)
- Trump signed executive orders On Thursday to prohibit Debanking of Crypto companies, along with allowing Crypto in 401 (K) S
- The sec and ripple officially ended their constant legal battle
- Ripple Taken over stablecoin payments platform rail for $ 200 million, plans to integrate RLUSD
- Eric Trump Teased his new mining / treasuryco ‘American Bitcoin’ and said: “Next Stop, Nasdaq”, now supported by the Winklevoss Twins
In business treasury
In memes
- Memecoin -Leiders are green in the day; Doge +4%, Shiba +2%, Pepe +3%, Pengu +1%, Bonk +2%, Trump +3%, SPX -1%and Fartcoin +4%
- BOSS another 80% jumped to $ 32 million that leads new movers; Nyan rose 31,000% to $ 11 million on bags
- Different Pompmecoins rose after the pump team started buying them with the help of new funds (more info below)
- The hat with Dogwifhat Knitted hat Sold for $ 800,000 to the financier of the Bags Launchpad
- The best token on Zora’s Creator Launchpad is a porn company “fake taxi”
💰 Token, AirDrop & Protocol Tracker
Here is an overview of major token, protocol and airdrop news of the day:
🤖 Ai x crypto
Section dedicated to headlines in the AI sector of Crypto:
- General market capitalization 13% to $ 12.4 billion, leaders were very green
- Crooked (+4%), Virtual (+3%), Tibbir (+5%), AI16Z (+3%) and Alch (-1%)
- GOK (+175%), YNE (+43%) and Iris (+34%) LED Top Movers
🚚 What happens in NFTs?
- ETH NFT leaders were usually green; Punks +1% at 53 ETH, Pudgy +1% at 14.3, Bayc +2% at 12.1 ETH
- Moonbirds (+12%), Grifters (+11%) and chimpers (+10%) led remarkable top movers; Kwirkies also 37%
- Fidenzas have seen 6 sales in the last 2 days that the floor bring to 44.4 ETH ($ 174,000)
- Bitcoin NFTS Were usually green led by Bitcoin wizards +46%; Taproot Wizards +9% and Bitcoin Puppets +8%
- Rise After Elon de Meme has to tweet ‘Magic Internet Money’; MIM +50% to $ 90 million, puppies +30%, RSIC +60%
- Abstract NFTs were usually red; Bearyz +12% LED
- Pudgy Penguins Igloo APAC launched as their official Asia -arm
Daily debrief Newsletter
Start every day with the top news stories at the moment, plus original functions, a podcast, videos and more.
