Morning Minute is a every 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!
In the present day’s prime information:
Crypto majors fall as China commerce struggle rhetoric escalates; BTC at $111k
Citi says it’ll custody crypto in 2026, evaluating a stablecoin
BMNR passes 1M in ETH holdings; Metaplanet’s mNAV falls beneath 1
Monad airdrop portal declare opens at this time
MegaETH teases huge 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 greatest 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 focusing on a 2026 debut geared toward asset managers and different establishments.
Section one focuses on certified safekeeping of digital property for asset managers and different establishments, with bank-grade controls, segregation, and commonplace SLAs.
The construct has been underway for years, with adjoining companies (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 will come to market with a reputable custody answer that we will supply to our asset managers and different shoppers” – Citi’s Biswarup Chatterjee (world head of partnerships & innovation)
“If Citi succeeds, crypto gained’t really feel rebellious anymore. It’ll really feel like banking. And that is likely to be the purpose.” – Quick Firm, on X
🧠 Why It Issues
The indicators from the most important banks within the U.S. are getting clearer and louder.
Citibank is evaluating custody and companies for stablecoins and their reserves (money/T-bills), whereas prioritizing tokenized deposits through Citi Token Companies for fast, 24/7 treasury and funds.
A Citi-issued stablecoin stays underneath analysis, however the near-term emphasis is on tokenized financial institution cash and stablecoin-reserve custody slightly than minting a client coin on day one.
Citi is sequencing this like a financial institution: custody first, cash rails subsequent, issuance elective.
However assuming this. goes dwell in 2026 with some severe demand – count on extra crypto merchandise to return.
That is only 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 transient 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 prime movers
Gold hit one other new ATH over $4,180 in a single day
The Bitcoin ETFs noticed $326.4M in web 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 brief
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 at this time.
Commerce xyz launched perps entry for shares, with an index of the highest 100 shares obtainable 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 by means of 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 going on in NFTs?
Right here is the checklist of different notable headlines from the day in NFTs:
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