Bitcoin crossed $80,000 Sunday night after President Trump announced 'Project Freedom,' a US military operation to escort neutral ships out of the Strait of Hormuz, citing a humanitarian request. BTC hit its highest level since early February on lower ETF inflows and no MicroStrategy purchases. However, early Monday, the price reversed after reports that Iran struck a US warship with 2 missiles, spiking oil 4% to $105 and dropping Bitcoin to sub-$79K. Stock futures turned red.
Senators Thom Tillis and Angela Alsobrooks released the final stablecoin yield compromise for the Digital Asset Market Clarity Act. The text bans yield for simply holding stablecoins but allows activity-based rewards tied to transactions, platform use, and loyalty programs. Polymarket odds of the Clarity Act passing in 2026 jumped to 65%.
Tether published its Q1 2026 attestation, reporting $1.04 billion in net profit and a record $8.23 billion in excess reserves. Total assets were $191.77 billion, with $141 billion in US Treasury bills, making Tether the 17th-largest holder of US government debt. The company has formally begun its first comprehensive independent audit by a Big Four accounting firm.
MoonPay launched the MoonAgents Card, a virtual Mastercard debit card allowing AI agents to spend stablecoins from onchain wallets at 150 million+ merchants. The card uses the Model Context Protocol, enabling autonomous purchases and invoice settlements.
In other markets: Dash (+19%), Ondo (+12%), and WLFI (+6%) led top movers. The Bitcoin ETFs saw $630 million in net inflows on Friday. Hyperliquid launched prediction markets via HIP-4, doing $10M in volume opening weekend. The NFT market saw multiple grail sales, including a Gold-skinned Bored Ape for $211,111 and 2 Hoodie CryptoPunks for $479k and $269k.