Morning Minute is a daily newsletter authored by Tyler Warner. The views and opinions expressed are those of the author and do not necessarily represent those of Decrypt.

Key Highlights:

• Crypto majors traded flat over the weekend but gained 3–4% on the week, with BTC holding at $65,000
• The Clarity Act is scheduled for a Senate vote on September 15
• Fomo App achieved new records in revenue and fees, surging more than 5x over the past 6–8 weeks
• Robinhood Chain posted strong gains as Cashcat rebounded 50% to a $150M market cap
• FWA tripled over the weekend after developers teased new pools and significant buybacks

Bitcoin ETFs Post Biggest Inflows Since May

Spot Bitcoin ETFs drew approximately $854 million in inflows last week — their strongest showing since spring and the first substantial inflow following an eight-week outflow streak that persisted through June and early July. The reversal marks a notable shift in institutional positioning, as spot Bitcoin ETFs — approved in January 2024 — have become a primary vehicle for traditional investors seeking BTC exposure without direct custody. ETH ETFs recorded an even more notable $244 million in net inflows for the week. On a market-cap-adjusted basis, that figure is equivalent to roughly $1.25 billion in BTC inflows.

On the macroeconomic front, last week's corporate earnings were largely positive. However, the July jobs report significantly undershot expectations, with the economy shedding 23,000 jobs against forecasts of 80,000 new positions — the first outright monthly decline in months — even as unemployment edged down to 4.1%. This data combination triggered a sharp shift in September rate hike odds, which dropped from 67% to 42%, making a hike the underdog scenario. The shift matters for crypto markets because tighter monetary policy has historically pressured risk assets, while dovish expectations tend to benefit them.

While a week in which BTC and ETH gained just 2% may not inspire enthusiasm, the return of inflows represents an important first step toward establishing a market bottom and reversing the bear trend.

Macro, Crypto and Markets

Major cryptocurrencies were mostly flat over the weekend but finished 3–4% higher week-over-week. BTC held steady at $65,000; ETH at $1,916; SOL rose 1% to $77; and HYPE gained 1% to $55.10.

Top-performing altcoins included WLD (+10%), JTO (+10%), and PUMP (+7%).

In traditional markets, oil added 1% to $79.30 while gold held flat at $4,400. U.S. stock futures were largely unchanged ahead of the open, with the Dow down 0.1% and the Nasdaq up 0.2%.

The Clarity Act is set for a Senate vote on September 15. The legislation aims to establish a clearer regulatory framework defining which digital assets fall under SEC versus CFTC jurisdiction — a long-standing ambiguity that has shaped enforcement actions and market structure. However, the probability of passage in 2026 remains at just 21%.

The NYSE is developing an onchain settlement platform for tokenized securities, building on its participation in the DTCC's July tokenization pilot. The move aligns with a broader institutional push toward blockchain-based settlement, with major financial infrastructure providers exploring how onchain systems could reduce counterparty risk and settlement times for traditional assets.

Bitcoin's "anti-spam" BIP-110 fork sputtered to a halt after mining only two blocks. The chain split finally occurred over the weekend but stalled within approximately eight hours, inheriting Bitcoin's full difficulty with virtually no hashpower supporting it.

MARA, one of the largest publicly traded Bitcoin mining companies in North America, sold approximately 23,093 BTC for $1.63 billion during the first half of 2026 at an average price of roughly $70,631 to fund operations. The company also borrowed an additional $600 million against 18,750 BTC from Coinbase and Two Prime, while retaining holdings of 35,577 BTC.

Grayscale withdrew registration applications for its ADA, HBAR, and DOT ETFs, signaling continued uncertainty around demand for altcoin-based ETF products after the firm converted its flagship Bitcoin and Ethereum trusts to ETFs.

Corporate Treasuries and ETFs

Bitcoin ETFs saw $102 million in net inflows on Friday and $865 million for the full week. ETH ETFs recorded $49.6 million in Friday inflows, bringing the weekly total to $244 million.

Meme Coin Tracker

Meme coin leaders delivered mixed performance: DOGE held flat, SHIB gained 2%, PEPE rose 1%, PENGU jumped 7%, TRUMP added 1%, and BONK edged up 1%, according to CoinMarketCap data.

On the Robinhood chain, leaders included Cashcat, which surged 40% to a $150M market cap, Pipedog (+21% to $39M), and PONS (+40%).

Solana-based meme coin leaders featured TOAD, which ran to a $13M market cap, Stonk (+20% to $8M), and KET (+20%). ANSEM held steady at $180M.

Token, Airdrop and Protocol Tracker

The Fomo App set a new weekly volume record of $523 million alongside $3 million in fees, with both metrics increasing more than fivefold over the past 6–7 weeks.

Pump Fun's PUMP token reached $2.8 billion in fully diluted valuation (FDV), its highest level since January 2026, as the team expands its focus on social trading and positions itself as a competitor to the Fomo App.

The Zcash migration is now 60% complete, and the Ironwood Pool is now 50% larger than the Orchard pool.

NFT Market Update

NFT leaders were largely flat: CryptoPunks held at 32.2 ETH, BAYC at 8 ETH, and Pudgy Penguins rose 4% to 3.95 ETH.

Stonkbrokers surged over the weekend to 12.9 ETH, now 50% above Bored Apes and ranking as the #2 PFP project by floor price, behind only CryptoPunks.

New mint Mancers gained another 50% to 1.28 ETH ahead of its product launch this week.

FWA tripled over the weekend to a $25 million market cap as founder Rhynotic teased upcoming new pools and disclosed that 100 ETH in protocol revenue had already been used to buy and burn FWA tokens.