Bitcoin briefly surged above $80,000 overnight before reversing sharply on reports that Iran struck a U.S. warship with two missiles. The move came after President Trump announced "Project Freedom" — a military operation to escort neutral ships out of the Strait of Hormuz. Oil spiked 4% to $105, and stock futures turned red.
Clarity Act Gains Momentum
The Digital Asset Market Clarity Act saw its odds of passing in 2026 jump to 65% on Polymarket after a compromise on stablecoin yield. The new language bans yield for simply holding stablecoins but allows activity-based rewards tied to transactions, platform use, and loyalty programs. Coinbase CEO Brian Armstrong said "Mark it up."
Tether Posts $1.04B Q1 Profit
Tether reported $1.04 billion in net profit for Q1 2026, with excess reserves hitting a record $8.23 billion. Total assets reached $191.77 billion, with $141 billion in U.S. Treasuries — making Tether the 17th-largest holder of U.S. debt globally. The company also began its first-ever comprehensive audit by a "Big Four" firm.
MoonPay Gives AI Agents a Credit Card
MoonPay launched the MoonAgents Card, a virtual Mastercard debit card that lets AI agents spend stablecoins directly from onchain wallets at over 150 million merchants worldwide. The card uses the Model Context Protocol and enables autonomous purchases without human intervention.
Market Overview
- Crypto majors: BTC +0.5% at $78.9k, ETH +1% at $2,335, SOL even at $84, HYPE +0.4% at $41.25
- Top movers: Dash (+19%), Ondo (+12%), WLFI (+6%)
- Oil +4% at $105, Gold -1.3% at $4,560
- Bitcoin ETFs saw $630M in inflows on Friday; ETH ETFs $101M
- Ethereum Foundation sold another 10,000 ETH at $2,292/ETH
- Circle published a quantum-resistant roadmap for its L1 blockchain Arc
- Brazil's central bank banned crypto from regulated cross-border payments
Meme Coin & NFT Highlights
- Meme leaders: DOGE +2%, SHIB -1%, PEPE +1%, PENGU +1%, TRUMP -1%
- Notable movers: TROLL (+50%), GIGA (+50%), Wojak (+50%)
- NFTs: Masks of Luci (+21%), Fidenza (+14%); CryptoPunks hoodie sold for $479k; Gold-skinned Bored Ape sold for $211k
Key Developments
- Hyperliquid prediction markets launched via HIP-4, doing $6M volume on day one
- Sonic Labs launched USSD, a network-native stablecoin backed by BlackRock Treasury assets
- MoonPay acquired Israeli firm Sodot for $100M to build institutional division
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