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. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

• Crypto majors rebound another 1-2%; BTC at $111,000
• Trump pardons CZ; brief bounce in BNB eco tokens
• JPMorgan to allow spot crypto collateral for institutional clients
• Meteora’s MET token debuts, settles around $570M fdv
• MegaETH shares new MEGA utility, tokenomics leak

📊 a16z’s State of Crypto 2025

Price action may have been mostly sideways so far in 2025.

But 2025 isn’t a hangover year—it’s the year crypto goes mainstream.

At least, that’s what a16z is saying.

📌 What Happened

Andreessen Horowitz…