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 dip then rebound on US Gov’t reopening news; BTC at $103,200


• XRP leads majors ahead of its ETF launch this morning


• FanDuel partners with CME to launch prediction market app ‘FanDuel Predicts’


• New ZEC DAT Leap Therapeutics shares jump 400% on Thursday


• Lido proposes enshrined buybacks along with other changes

🎯 FanDuel Enters Prediction Markets

Sportsbooks are piling into prediction markets.

But are they here to stay? Or is this a temporary workaround?

📌 What Happened

FanDuel, in partnership with CME Group, announced the launch of a new prediction-markets platform set to go live in December 2025.

The new standalone mobile app will be named ‘Fanduel Predicts’ and will allow users to trade event-based contracts, initially covering sports, economic indicators, crypto and more.

This major announcement comes just a few weeks after DraftKings announced its own entry into prediction markets, putting both major U.S. sport-betting brands in the prediction-market race.

🗣️ What They’re Saying

“We can’t wait to bring FanDuel’s proven approach to product innovation into this dynamic sector,” said Amy Howe, CEO at FanDuel. “Our partnership with CME Group allows us to leverage their deep market expertise built over decades while delivering the seamless, accessible and trusted experience our customers expect.”

“Our new event contracts on benchmarks, economic indicators and now sports will appeal to a new generation of potential participants who are not active in these markets today,” said CME Group Chairman & Chief Executive Officer Terry Duffy. “This launch will dramatically expand our distribution and reach, connecting directly with FanDuel’s millions of registered U.S. users.”

🧠 Why It Matters

So DraftKings and now FanDuel are jumping into the prediction market space.

But - are they here to stay?

A notable aspect of FanDuel’s announcement was somewhat buried in the 2nd paragraph -

“As new states legalize online sports betting, FanDuel will cease offering sports event contracts in those states.”

That makes this move feel more like a temporary bridge solution than a permanent one.

An obvious question has arisen this year with Kalshi’s rise in the sports betting rankings - why are prediction markets allowed to offer sports markets in states that DraftKings and FanDuel are banned in (due to sports betting restrictions)?

Well, instead of waiting months or years for that question to be answered, FanDuel and DraftKings are simply going on the offensive and launching their own versions.

Now the next question is - will they stick around once the states issue is resolved? Will they lean into the new “everything app” trend and offer politics, crypto, entertainment and economic markets alongside their bread and butter sports?

Or will they simply revert to sports?

Time will tell. But as for now, the prediction market space has become more crowded, and the pace of new entrants is accelerating…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

• Crypto majors are down 1-2% but rebounding on UG Government reopening news; BTC -2% at $103,200; ETH -1% at $3,500, BNB -1% at $966, SOL -2% at $157


• XRP +2% on the day (+9% on week) ahead of its ETF launch today


• AB (+30%), ZEC (+8%) and QNT (+7%) led top movers


• White House Press Secretary said October CPI data may never come


• Crypto Fear & Greed hit 15 (Extreme Fear) last night, its lowest level since March 4, 2025


• FanDuel partnered with CME to launch a prediction market ‘FanDuel Predicts’


• The U.S. Department of Justice formed a crypto scam Strike Force with the FBI and Secret Service to target international “pig-butchering” networks linked to organized crime


• Coinbase moved to leave Delaware and reincorporate in Texas, citing a more favorable regulatory climate and stronger corporate-governance protections


• SEC Chair Paul Atkins clarified that network tokens and digital collectibles were not securities unless investor profit expectations relied on third-party managerial efforts


• Visa launched a pilot to pay creators and gig workers in USDC, enabling fiat-funded payouts to settle on stablecoin rails ahead of a broader 2026 rollout


• Arthur Hayes urged Zcash holders to withdraw ZEC from exchanges into shielded wallets amid sharp volatility and concerns over exchange liquidity

In Corporate Treasuries / ETFs

• The new Zcash DAT Leap Therapeutics saw its LPTX stock jump 400% yesterday in its first day of trading after the news


• Solana Company announced plans to tokenize its registered shares on Superstate’s Opening Bell platform


• VisionSys AI saw its stock collapse more than 77% after it announced a registered direct offering intended to fund a planned $2B Solana treasury

In Memes / Onchain Movers

• Memecoin leaders are mixed; DOGE -1%, Shiba +1%, PEPE +1%, PENGU -1%, BONK -1%, TRUMP -6%, SPX +3%, and FARTCOIN +1%


• Canary filed for a MOG ETF


• OOB (+360%), BOLD (+240%), ORE (+50%) and WOJAK (+60%) led onchain Solana movers

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

• Hyperliquid paused Arbitrum withdrawals after the HLP vault suffered a ~$4.9M loss tied to a high-leverage POPCAT position


• Aerodrome announced plans to merge with Velodrome and launch on Ethereum and Arc


• Lido proposed enshrined buybacks, $4M/year capped at $10M/year


• Polymarket partnered with Yahoo Finance to embed prediction-market odds directly into Yahoo’s platform, expanding reach to its global finance audience


• Sui unveiled its native stablecoin USDsui, issued by payment giant Stripe via Stablecoin


• Seismic raised $10M from a16z to build a privacy focused blockchain


• Fantasy Top shared that no TGE is forthcoming as the team tries to find new ways for PMF

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• NFT leaders were mostly red; Punks even at 34.9 ETH, Pudgy -3% at 5.9, BAYC -1% at 6.49 ETH; Hypurr’s -10% at 740 HYPE


• Ringers (+75%) were a notable mover


• A 3D Hoodie Punk sold for $628,800 on Gondi, over 5x the current Punk floor


• Yuga’s The Otherside debuted yesterday with their new social hub The Nexus opening up for players

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