Morning Minute is a daily newspaper written by Tyler Warner. The analysis and opinions expressed are their own and do not reflect those of Decrypt. And clove ours new daily news covering all the top stories in 5 minutes, downloaded on Apple Pod or Spotify.
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Today’s top stories:
- Crypto majors are falling 2-5% after the US war on Iran to end the war; BTC at $62k
- Vanguard is hiring a digital asset manager in the crypto space
- The SEC plans to introduce its own crypto regulations as soon as this month
- Zcash jumped 10% on the progress of Tachyon Upgrade shows that it is not going to be fake news
- CASHCAT rises 13x to $110M as Robinhood Chain remembers everything jumping on Vlad Tenev’s comments
🏛️ Vanguard, Crypto’s Last Big Holdout, Is Hiring a Head of Digital Assets
Vanguard, the $11T asset manager that has spent years telling clients it doesn’t touch crypto, posted his first Digital Assets Topic. The position requires a senior to develop a multi-year digital roadmap covering tokenization, stablecoins, custody, and blockchain settlement, and represent the company with regulators.
For the most skeptical crypto name in the traditional financial world, doing a major job dedicated to this space is a real change. And Vanguard’s resistance was not trivial. When BlackRock, Fidelity, and Franklin Templeton rushed to Bitcoin ETFs in early 2024, Vanguard even refused to allow clients to invest in its business, calling Bitcoin an investment group that does not fit its long-term vision. That situation only began to soften last December, when it began allowing retail customers to sell third-party cryptocurrencies.
It is a recent sign that all the old walls are coming down. The institutionalization is now complete. Now let’s see if Vanguard users really want to be exposed to crypto…
🔒 Zcash Jumps 10% As Tachyon Exchange Approaches Its Fix False Alarms
Zcash rose more than 10% on Tuesday, briefly recapturing $500 for the first time since early June, after developers announced progress on mathematical proof that its upcoming secure pool is free of hidden bugs. The move came back overnight along with a huge sell-off in crypto.
The catalyst was Project Tachyon, Zcash’s expansion and privacy overhaul. Founder Zooko Wilcox said the group is close to confirming that its new “Ironwood” security pool is free of fraud threats, the same group of flaws that were exposed in June Orchard. The original problem, an apparently four-year-old problem, was published within days and appears to have never been used, but the secretive model of Zcash made it impossible to verify that no fake money was created, which sent ZEC down more than 40% in two days. Ironwood brings a secure pool and migration system that allows users to transfer funds from Orchard while ensuring that no hidden price increases have occurred, and is expected to be deployed this month, with an AI-assisted verification process that took several years to weeks.
Beyond fake proof, Tachyon aims to scale crypto transactions to thousands per second, an increase that the community compares to Solana’s Firedancer, and improve quantitative planning by removing onchain data that a future attacker could harvest. Secrets, growth, and quantitative resistance are combined in 2026. Now the market is waiting for the full confirmation that the initial error has not been eaten and the participants can look forward…
🌎 Macro Crypto and Markets
- Crypto majors are in the red down 2-5% after the US struck Iran overnight and declared an end; BTC -2% at $62k; ETH -2% at $1,743; SOL -5% on $77; HYPE -4% at $68
- MORPHO (+7%)STABLE (+5%) and UNI (+4%) led the top leaders
- Oil +5% on $74; Gold -2% at $4,060
- The future they are also red-hot on issues of ending wars; DOW -1%, Nasdaq -1.3%
- The value of the SEC plans to introduce its long-awaited crypto regulations this monththe concept of “Crypto Regulation” that would create safe havens and safe havens like tokenized securities and DeFi in the push.
- Trump’s Strategic Bitcoin Reserve it is still a work in progressand the White House is still looking into whether the Treasury Department or the Commerce Department has the legal authority to handle Bitcoin for the government.
- India’s largest bank it said it “depends on banning” cryptorecommending in public documents that banks and financial institutions be banned, sold, or exposed to crypto assets and private stablecoins in order to reduce the level of risk.
- Kraken He wants to get a full license to bank in Europewhich would enable the exchange to offer bank-like services throughout the EU
- Wintermute The so-called Bitcoin recently jumped for a while to support the gathering not hard ground
- Coinbase Premium has been bad for 50 days straightmeaning Bitcoin has sold cheaper on the main US exchange than on the coast for almost two months, a clear sign of weak domestic demand behind the July meeting.
- The combined market of USDT and USDC it fell to $257 billion from $268 billion for two months, when Tether burned $2.5B of USDT on Ethereum on July 7 in the latest major reduction
Corporate Treasuries & ETFs
- Company recommendations Bitcoin ETFs saw $21M in total revenue On Tuesday, keep the infusion alive; ETH ETH earned $27M in entry
- Saylor he replied that an annual BTC appreciation of 3.3% is all they need to make STRC money forever (STRC -3% at $86)
Meme Coin Tracker
- Meme leaders he was red bottom 3-5%; DOGE -4%, SHIB -3%, PEPE -4%, PENGU -7%, TRUMP -4%, BONK -7%
- CASCAT on Robinhood chain it went up 13x to $110M while several other memes went up 5-10x; DogInHood +68x to $7M; Vlad Tenev wrote on X that Robinhood Chain “is good for memes too”
- Solana memes and onchain leaders hit hard in the Robinhood rotation, with Ansem falling 27%, manlet -64% and CARDS -22%
📈 Multi Day Market
💰 Token, Airdrop & Protocol Tracker
🚚 What is happening in NFTs?
- Directors of NFT most of them were flat; Punks even at 32.4 ETH, BAYC even at 9.27 ETH, Pudgy -1% at 4.54 ETH; Hypurr’s -3% at 210 HYPE
- Gremlin Cartel (+10x) and Metawinners (+43%) led the top movers
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