Morning Minute: Crypto Booms as US Government Reopening Looms

Morning Minute is a daily newsletter published by: tyler warner. The analyzes and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to Morning Minutes on substack.

GM!

Today’s top news:

• Virtual currency majors are gathering against the backdrop of progress in reopening the US government. BTC$106,000
• ZEC goes parabolic to $750, then settles down and remains at $630
• UK imposes stablecoin cap at £20,000
• Ledger is considering an IPO or private financing
• Virtuals introduces new AI content + token launchpad with Luna dot Fun

💥 Cryptocurrencies rise as Washington moves towards deal

The government is on the verge of reopening and the tough seasons are returning.

And the crypto market loves it too.

📌What happened

After weeks of policy gridlock and fear selling, Bitcoin rose above $106,000, and altcoins followed suit.

The increase came as the U.S. government signaled progress toward reopening government agencies and President Trump issued $2,000 “tariff dividend” checks to offset consumer costs from trade plans.

Bitcoin rose more than 6% in 24 hours, reaching $107,000 at one point, while ETH regained $3,600 and SOL rose 10%.

The move tracks a rally in stocks and metals, with traders reacting to two parallel developments:

1. Shutdown progress: Congressional leaders have reportedly reached a framework agreement that will fund federal agencies through early 2026, allaying fears that spending and wage freezes will be prolonged.
2. Tariff checks: President Trump proposed sending direct payments tied to tariff revenue to Americans, which markets interpreted as a potential injection of liquidity into the economy.

Together, these headlines turned risk sentiment upside down overnight.

🗣️ What they are saying

“The market was waiting for Washington to blink. The moment the fiscal headlines turned positive, cryptocurrencies rallied sharply.” – QCP Capital

🧠 Why is it important?

For those who believe in four-year cycles, time is running out to get things right.

This news package sent from Washington Bitcoin Back in the range and well above $100,000 (and the rest of the crypto with it).

The weekly magazine has been saved.

There are several more bullish catalysts awaiting us now than bearish ones.

The government is reopening. Your stimulus check (or tax refund) is coming. Interest rates will fall in 2026.

And all of this builds on the launch of crypto operations in the US, the ETF boom, support for Tradfi, and progress in 2025 that cryptocurrencies will soon reach 401k.

The main bearish case is that Bitcoin historically declines after four years.

That’s it.

And it’s pretty weak.

The bulls have regained control and the bears are officially on notice…

🌎 Macro Codes and Memes

Some crypto and Web3 headlines that caught my eye:

For corporate bonds/ETFs

with a meme

• Meme-coin reader Along with Major, it is very environmentally friendly. Doge +4%, Shiva +1%, Pepe +3%, Peng +10%, Bonk +5%, Trump +13%, SPX +5%, Fatcoin +10%
• useless Up 27% to $211 million, Trolls up 25% to $60 million

💰 Tokens, Airdrops and Protocol Trackers

Here’s a summary of the day’s key token, protocol, and airdrop news:

🚚 What’s happening with NFTs?

Here’s a list of the day’s other notable headlines regarding NFTs:

• NFT leader It was green overall. Punk +4% for 35.5 ETH, Pudsey +4% for 6.1, 6.35 ETH for BAYC +4%; Hypurr +3% for 900 HYPE
• Beeple – Notable sales for Spring/Summer collection (+23%) and CryptoDickButts (+33%)
• NFT token strategy PNKSTR rose 10% to $40 million, all in the green