Morning Minute: Crypto Majors Rally, Oil Falls on Renewed Peace Hopes
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- Bitcoin jumps to $82,270, hitting a new local high after Trump announces a pause on Project Freedom.
- Oil falls 14% to $89 per barrel, breaking below the $100 mark for the first time in weeks.
- Coinbase cuts 14% of its workforce (~700 employees) citing AI-driven cost discipline and market downturn.
- a16z raises $2.2 billion for a new crypto fund focused on infrastructure and product development.
- Michael Saylor hints at selling Bitcoin to “inoculate the market,” potentially moving a large private holding.
- ZEC surges 38%, leading altcoin gains alongside Bitcoin’s rally.
- TON climbs 23%, adding to the altcoin rally.
- Trump pauses “Project Freedom” while maintaining the blockade, signaling progress toward a final Iran agreement.
Why it matters: Coinbase loses ~700 jobs as it trims costs, while investors gain from a $12k‑plus Bitcoin rally and cheaper oil, and a16z’s $2.2 billion fund fuels infrastructure growth, potentially reshaping crypto market dynamics.
