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💰 Fidelity Signals Optimism Amid Crypto Market Stabilization
Fidelity Digital Assets released its Q2 2026 Signals Report, indicating a cautiously positive outlook despite Bitcoin’s 52% decline from its October 2025 peak. Key indicators such as unrealized profitability, momentum, and network activity are on the upswing.
For Ethereum (ETH) and Solana (SOL), there is a disconnect between prices and network usage; however, robust protocol-level engagement persists despite price drops. Fidelity views this as encouraging. On the downside, if following a traditional four-year cycle, Bitcoin might have hit its bottom in November 2026. Past cycles saw declines over 70% from their peaks, while Bitcoin’s February dip was just around 52%.
Fidelity does acknowledge that ETF inflows and corporate treasury investments are creating unique buying pressures not seen in earlier cycles, suggesting the market may have already found its base.
⑃ Developer Plans to Fork Bitcoin and Allocate Satoshi’s Coins for Funding
Paul Sztorc of LayerTwo Labs announced a plan to hard fork Bitcoin into eCash by block height 964,000 this August. Each BTC holder will receive an equivalent amount in eCash at the fork. This new chain utilizes Drivechains, Sztorc’s long-standing scaling solution that has faced resistance from Bitcoin Core developers.
The proposal initially included reallocating up to 500,000 of Satoshi’s ~1.1 million inactive BTC to early investors, sparking controversy as it would be the first time a Bitcoin fork proposed using Satoshi’s coins. The plan drew around 80-85% negative feedback and has since been revised to exclude this component, though support from major miners or exchanges remains absent.
🤖 Gemini Introduces AI Trading Tool on US Exchange
Gemini launched Agentic Trading, marking the first time a regulated U.S. crypto exchange offered direct AI agent integration for live trading. Utilizing Anthropic’s Model Context Protocol, traders can link AI tools like Claude and ChatGPT to their Gemini accounts for autonomous trade execution, market monitoring, and risk management according to preset strategies.
Initially available modules include capabilities for handling market data, spread analysis, and historical price information, with further developments expected. Competitors such as Coinbase’s x402 protocol and Stripe-backed Tempo’s Machine Payments Protocol are also developing similar infrastructure on MCP.
💸 Strategy Slows Investment Pace While Bitmine Expands Holdings
Strategy bought 3,273 BTC last week for $255 million, down by 91% from the previous week’s $2.54 billion purchase. This slowdown aligns with STRC trading below its $100 par value since April 14, affecting new investments driven by Saylor.
Conversely, Bitmine acquired 233,600 ETH worth approximately $233.7 million, surpassing 5 million ETH in holdings. Tom Lee remarked that “ETH has surpassed the S&P 500 by 1,696 basis points since the Iran War began.” Despite this significant purchase, Ethereum’s price remained steady during the week.
🟠 U.S. Government to Announce Bitcoin Reserve Strategy Soon
During Bitcoin 2026 in Las Vegas, White House crypto adviser Patrick Witt hinted at an imminent major announcement regarding a Strategic Bitcoin Reserve. The administration is finalizing the legal and operational aspects following President Trump’s March 2025 directive to classify approximately 200,000 seized BTC as a permanent reserve asset.
The forthcoming disclosure will address how the reserve might grow beyond its current holdings. Additionally, Rep. Begich of Alaska plans to reintroduce legislation known as the American Reserves Modernization Act, mandating government acquisition of 1 million BTC over five years.
Corporate Treasuries & ETFs