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Morning Minute is a each day e-newsletter written by Tyler Warner. The evaluation and opinions expressed are his personal and don’t essentially replicate these of Decrypt. Subscribe to the Morning Minute on Substack.
GM!
At this time’s high information:
- Crypto majors barely crimson forward of weekly open; BTC at $67k
- Harvard rotates a portion of BTC holdings into ETH
- Steak ‘n’ Shake says Bitcoin adoption dramatically elevated gross sales
- Kraken to sponsor Trump Accounts in Wyoming
- Andre Cronje opens Flying Tulip sale to the general public at $1B valuation
🎓 Harvard Simply Bought Bitcoin for Ethereum
The neatest cash within the room is rotating.
📌 What Occurred
In a 13F submitting with the SEC, Harvard disclosed that it trimmed 1.46M shares of BlackRock’s iShares Bitcoin Belief (IBIT) throughout This autumn, bringing that place right down to roughly $265M.
On the identical time, it opened a brand-new place of three,873,044 shares in BlackRock’s iShares Ethereum Belief, price roughly $86.8M.
Total, their mixed spot crypto ETF publicity at quarter-end topped simply over $352M.
Harvard first disclosed a $116M IBIT place in August 2025. By November, it had tripled these holdings to roughly $350M.
Now they’ve trimmed BTC and rotated capital into ETH.
🗣️ What They’re Saying
Sean Invoice, co-founder and CIO of Bitcoin Commonplace Treasury Firm, informed Decrypt that Harvard is probably going “making a relative worth commerce with the assumption that ETH is undervalued relative to BTC.”
Jennifer Ouarrag, Head of Authorized at institutional staking supplier Twinstake, described it as a “recalibration towards property with a number of return drivers,” noting that whereas Bitcoin stays “the first institutional store-of-value proxy,” Ethereum “affords publicity to a broader smart-contract ecosystem.”
🧠 Why It Issues
Harvard promoting Bitcoin? Not nice.
Harvard promoting Bitcoin to purchase ETH? Properly, that’s a bit extra attention-grabbing.
There may be increasingly proof that ETH is coming into the crypto dialog alongside Bitcoin because the clear #2 asset to purchase.
BlackRock talks about ETH maybe greater than Bitcoin nowadays.
And now main establishments are monitoring the BTC / ETH ratio, which asset has underperformed, and making portfolio selections primarily based on the evaluation.
That looks as if a guess that each ETH and BTC shall be round for some time, and that each can have an actual shot to search out new ATHs.
They’re very completely different property although, and it will have been attention-grabbing to listen to extra from Harvard on these variations.
Bitcoin is a retailer of worth play. ETH is a productive asset (see Tom Lee’s Bitmine and their weekly staking yield). Plus, it’s infrastructure, together with sensible contract, and privateness, and maybe even the AI integration layer.
There are many causes to be bullish on ETH and in some methods, moreso than even Bitcoin.
Harvard appears to agree…
🌎 Macro Crypto and Markets
- Crypto majors are barely crimson down 1%; BTC -1% at $68K; ETH even at $1,970; SOL even at $85; XRP -2% at $1.45
- Steady (+12%), NEXO (+7%) and PI (+5%) led high movers
- Logan Paul’s uncommon Pokemon card offered for a document $16.5M at public sale
- Ethereum Basis co-ED Tomasz Stańczak will step down on the finish of February, with Bastian Aue taking on alongside Hsiao-Wei Wang
- Kraken will sponsor Trump Accounts for newborns in Wyoming
- Steak ‘n’ Shake mentioned that its Bitcoin adoption has pushed a dramatic enhance in gross sales over the previous 9 months
- Vitalik Buterin argued prediction market hedging might “exchange fiat foreign money”, proposing personalised baskets of prediction market shares pegged to customers’ precise spending patterns as an alternative of dollar-pegged stablecoins
- Polymarket launched 5-minute Bitcoin up/down markets powered by Chainlink, and short-duration contracts are already driving 25% of each day buying and selling quantity
- OpenClaw founder Peter Steinberger is becoming a member of OpenAI to steer its push into private AI brokers
- Binance reportedly fired at the very least 5 compliance crew members who uncovered proof that Iran-linked entities have been utilizing the platform
Company Treasuries & ETFs
- Bitcoin ETF outflows proceed to bleed, with roughly $2B in internet outflows over the previous three weeks
- Metaplanet posted a $605M full-year loss on simply $58M in income, pushed by writedowns on its 35,100 BTC now price $2.4B (common: $107K per BTC)
- Michael Saylor mentioned Technique can cowl its debt even when Bitcoin drops to $8,000, noting 2.5 years of debt and dividend protection in a money reserve
Meme Coin Tracker
- Meme majors have been barely crimson; DOGE -3%, SHIB -1%, PEPE -2%, TRUMP -1%, PENGU -2%, FARTCOIN -3%
- PUNCH (+15% to $16M) led Monday movers
- Bankr launched an actual time token feed and new BURN token
💰 Token, Airdrop & Protocol Tracker
- Andre Cronje opened up the Flying Tulip public ICO priced at $1B
- Apollo will purchase as much as 90M MORPHO tokens (~9% of provide) over 48 months by way of open-market buys and OTC offers (MORPHO +22% on the information)
- Tether invested in Dreamcash to develop USDT0-collateralized markets on Hyperliquid
- DeFiLlama launched a safe-search function (search.defillama.com) that lets customers uncover crypto tasks solely from 5,000+ whitelisted domains
🚚 What is occurring in NFTs?
- NFT leaders have been principally flat; Punks even at 29.9 ETH, Pudgy +1% at 4.33 ETH, BAYC -2% at 6.16 ETH; Hypurr’s +3% at 520 HYPE
- Del Mundos soared 68% to 0.16 ETH, main high movers
