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GM!
At this time’s high information:
Crypto majors soar after Trump broadcasts 5-day postponement of Iran strikes; BTC at $70k
Congress to introduce bipartisan invoice banning sports activities betting on prediction markets
Senators attain settlement on Readability Act yield dispute in main hurdle cleared
Hyperliquid sees over $100M in quantity on S&P 500 index
Gemini sued by stakeholders for deceptive pivot into prediction markets
📈 Bitcoin Rips as Iran Strikes Postponed
One single headline and every part has turned.
Going into this weekend, crypto was getting hammered. Trump issued a 48-hour ultimatum Saturday night time – reopen the Strait of Hormuz or face strikes on Iranian energy vegetation. Bitcoin slid from $76,000 to beneath $68,500, longs bought liquidated, and the Concern and Greed Index hit Excessive concern.
Then this morning, Trump introduced he’s suspending these strikes by 5 days – and Bitcoin ripped.
Bitcoin instantly jumped $2,000 per token to $70,800. ETH jumped 5% to $2,170.
The Dow jumped 1000 factors premarket and Oil fell off a cliff, down 8% to $90.
In fact, 5 days shouldn’t be peace and Trump says he’s nonetheless ready to strike. Iran hasn’t reopened the Strait. That is only a pause, not decision and the scenario stays very risky.
However we could have simply gotten a glimpse of what’s going to occur as quickly because the Iran Battle ends for good.
Key Particulars
Trump introduced he has had good discussions with Iran and is suspending strikes for five days
BTC jumps 3.5% to $70,800 and ETH +4.5% to $2,170
Oil falls 8% to $90
🏛 Senators and the White Home Attain a Deal on Stablecoin Yield
On Friday, Senators Thom Tillis and Angela Alsobrooks mentioned that they had reached an settlement in precept with the White Home on the stablecoin yield situation — the principle battle that has stalled the Readability Act since January.
In line with the reported framework, passive yield on stablecoin balances could be banned, which means customers wouldn’t have the ability to maintain one thing like USDC and earn curiosity in a savings-account model format. Nonetheless, activity-based rewards seem prone to stay allowed.
That was sufficient to maneuver prediction market odds sharply. Odds of the Readability Act passing in 2026 jumped to about 70% on Friday.
Key Particulars
• Passive yield on stablecoin balances would reportedly be banned• Exercise-based rewards seem prone to survive• The stablecoin yield battle had been the largest impediment holding up the Readability Act
📈 Hyperliquid’s S&P 500 Market Hit $100M in a Single Day
Hyperliquid’s newly launched S&P 500 perpetual futures market topped $100 million in 24-hour quantity by the weekend, rapidly turning into one of many platform’s most actively traded markets.
The product launched final week as an official S&P 500 perp, licensed by Commerce XYZ, settled in USDC, and tradable 24/7. Which means customers can now commerce leveraged S&P 500 publicity onchain with out a conventional brokerage account.
5 of Hyperliquid’s high 10 markets over the weekend had been crypto with the opposite half represented by oil, valuable metals (gold, silver) and the S&P.
Key Particulars
• S&P 500 perps crossed $100M in 24-hour quantity• The market was already a top-10 market on the platform by the weekend• Oil, gold, silver, and the S&P 500 at the moment are among the many platform’s most traded merchandise
🤖 Eightco Doubles Down on OpenAI Whereas Its Inventory Sits Down 93%
Eightco Holdings, which trades on Nasdaq beneath ORBS, added one other $40 million to its OpenAI place, bringing its complete OpenAI publicity to $90 million. That now represents about 30% of the corporate’s treasury.
What makes the replace extra notable is who simply backed them. Final week, Eightco raised $125 million from BitMine, Ark Make investments, and Kraken father or mother Payward, with Tom Lee additionally becoming a member of the board.
Eightco has now deployed $90 million into OpenAI and maintain practically 10% of all WLD tokens in circulation plus 11,000 ETH.
And now BitMine has publicity to OpenAI.
Key Particulars
• Eightco’s OpenAI place now totals $90M• The corporate raised $125M final week from BitMine, Ark, and Payward• Eightco additionally holds practically 10% of all WLD in circulation plus 11,000 ETH
⚖️ Gemini Shareholders Are Suing the Winklevoss Twins
A category motion lawsuit was filed Friday within the Southern District of New York accusing Tyler and Cameron Winklevoss of deceptive traders forward of Gemini’s IPO final fall.
The go well with alleges Gemini overstated the sturdiness of its core alternate enterprise whereas failing to reveal plans to pivot extra aggressively into prediction markets. In February, Gemini reduce 30% of workers, exited Europe and Australia, and mentioned prediction markets had been now the corporate’s essential strategic focus.
The corporate did report one constructive improvement this week: This autumn providers income overtook buying and selling income for the primary time. However the inventory gave again most of its post-earnings bounce and closed Friday at $5.66.
Key Particulars
• Plaintiffs declare Gemini didn’t disclose a coming shift away from its alternate enterprise• Gemini laid off 30% of workers and exited Europe and Australia in February• GEMI is down about 85% for the reason that IPO and the corporate posted a $582M internet loss for 2025
🌎 Macro Crypto and Markets
Company Treasuries & ETFs
Meme Coin Tracker
Meme majors had been inexperienced consistent with majors; DOGE +2%, SHIB +5%, PEPE +3%, TRUMP +2%, PENGU +3%, SPX +3%, FARTCOIN -1%
LOL (+30%), buttcoin (+20%) and testicle (+20%) let high movers
💰 Token, Airdrop & Protocol Tracker
Polymarket teased a significant announcement coming later right this moment
LetsBonk has stormed again within the memecoin race, doing $50M in 24-hour quantity over the weekend in comparison with Pump Enjoyable’s $100M
Resolv Labs confronted an exploit on Sunday wehre $50M value of USR was minted with out collateral
SIREN jumped 85% to $2B in an enormous weekend run
🚚 What is occurring in NFTs?
NFT leaders had been principally flat; Punks +3% at 29.4 ETH, Pudgy +1% at 4.12 ETH, BAYC -1% at 5.15 ETH; Hypurr’s -8% at 400 HYPE
Normies (+20%) and Tatsu (+13%) led notable movers
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