Morning Minute is a each day publication written by Tyler Warner. The evaluation and opinions expressed are his personal and don’t essentially mirror these of Decrypt. Subscribe to the Morning Minute on Substack.
GM!
At the moment’s high information:
- Crypto majors fall as China commerce warfare rhetoric escalates; BTC at $111k
- Citi says it can custody crypto in 2026, evaluating a stablecoin
- BMNR passes 1M in ETH holdings; Metaplanet’s mNAV falls under 1
- Monad airdrop portal declare opens immediately
- MegaETH teases massive week forward (potential Fluffle / ICO sale)
🏦 Citi Units Sights on 2026 for Crypto Custody
An increasing number of of the largest gamers in TradFi are embracing crypto.
This time, it’s the 2nd largest financial institution within the U.S..
📌 What Occurred
Yesterday, Citi introduced plans to launch institutional crypto custody in 2026.
CNBC reported that Citi has spent 2–3 years constructing a custody stack and is concentrating on a 2026 debut aimed toward asset managers and different establishments.
Part one focuses on certified safekeeping of digital belongings for asset managers and different establishments, with bank-grade controls, segregation, and normal SLAs.
The construct has been underway for years, with adjoining providers (fund admin, collateral, tokenized money rails) additionally on the roadmap.
In parallel, Citi is constructing out its digital-cash stack and evaluating a stablecoin.
🗣️ What They’re Saying
“We’re hoping that within the subsequent few quarters, we are able to come to market with a reputable custody answer that we are able to supply to our asset managers and different purchasers” – Citi’s Biswarup Chatterjee (international head of partnerships & innovation)
“If Citi succeeds, crypto gained’t really feel rebellious anymore. It’ll really feel like banking. And that is perhaps the purpose.” – Quick Firm, on X
🧠 Why It Issues
The alerts from the most important banks within the U.S. are getting clearer and louder.
Citibank is evaluating custody and providers for stablecoins and their reserves (money/T-bills), whereas prioritizing tokenized deposits by way of Citi Token Companies for immediate, 24/7 treasury and funds.
A Citi-issued stablecoin stays below analysis, however the near-term emphasis is on tokenized financial institution cash and stablecoin-reserve custody somewhat than minting a shopper coin on day one.
Citi is sequencing this like a financial institution: custody first, cash rails subsequent, issuance optionally available.
However assuming this. goes reside in 2026 with some critical demand – count on extra crypto merchandise to come back.
That is just the start of the TradFi crypto wave.
Buckle up…
🌎 Macro Crypto and Memes
A number of Crypto and Web3 headlines that caught my eye:
- Crypto majors are crimson once more after Monday’s temporary rebound; BTC -3% at $111,400, ETH -3% at $3,980, BNB -8% at $1,190, SOL +1% at $196
- MYX (+13%), TAO (+6%) and CAKE (+2%) led high movers
- Gold hit one other new ATH over $4,180 in a single day
- The Bitcoin ETFs noticed $326.4M in internet outflows on Monday regardless of Blackrock’s $60M in inflows
- Citi plans to launch crypto custody in 2026, extending TradFi integration
- The “Trump insider whale” denied entry to tariff information and reopened a ~$340M Bitcoin quick
- Ripple funded a $200,000 “attackathon” with Immunefi to stress-test the XRP Ledger lending protocol forward of mainnet rollout and audits
- Nigel Farage referred to as for “wise” U.Okay. crypto reform at DAS London, arguing Britain lacks a correct regulated crypto market immediately.
- Commerce xyz launched perps entry for shares, with an index of the highest 100 shares out there for buying and selling
In Company Treasuries / ETFs
In Memes
- Memecoin leaders are very crimson once more; DOGE -6%, Shiba -6%, PEPE -6%, PENGU -7%, BONK -4%, TRUMP -3%, SPX -10%, and FARTCOIN -8%
- The Home of Doge will go public with ticker TBH via a reverse takeover with Brag Home Holdings
💰 Token, Airdrop & Protocol Tracker
Right here’s a rundown of main token, protocol and airdrop information from the day:
🚚 What is occurring in NFTs?
Right here is the listing of different notable headlines from the day in NFTs:
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