Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

GM!

Today’s top news:

• Crypto majors are red while stocks grind higher; BTC -2% at $63.7k

• BTC ETFs see $233M in net inflows, 2nd biggest day since early May

• Coinbase posts surprise loss in Q2 earnings; Strategy books $8.2B loss

• NY AG files petition to shut down Kalshi, seeks $36B in damages

• Coldcard exploit leads to $38M in Bitcoin losses

📉 Coinbase Posts a Surprise Loss as Trading Dries Up

Coinbase reported $1.22 billion in second-quarter revenue on Thursday, down 14% from the prior…