Morning Minute: Markets Flip Green Overnight Ahead of NVDA Earnings

TL;DR

Crypto markets show slight gains with BTC at $77.4k and HYPE up 5% to $49.8. Notable movements include ZEC spiking to $585 after the SEC closed its investigation.

Key points

Crypto majors are slightly green with Hype leading
BTC is priced at $77.4k
HYPE jumps another 5% to $49.8
ZEC spikes to $585 after SEC investigation closure
Polymarket partners with Nasdaq

Mentioned in this story

Nasdaq

HYPE

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Today’s top news:

Crypto majors are slightly green with Hype leading; BTC at $77.4k
HYPE jumps another 5% to $49.8; VVV leads all movers +26%
Truth Social withdraws its BTC ETF filing
ZEC spikes to $585 after news that the SEC closed its investigation
Polymarket partners with Nasdaq to open private company markets

📈 Markets Flip Green Overnight Ahead of NVDA Earnings

A lot can change overnight.

Yesterday, the proverbial skies were falling as interest rates hit new highs and macro analysts said we’re in for some pain.

And yet, markets rebounded overnight. Bitcoin is back above $77,400, ETH at $2,128, and SOL at $84, all green in the past 24 hours as oil pulled back sharply. WTI fell 2.1% to $101.72 and Brent dropped 2.2% to $104.30, the first meaningful oil decline in a week and a direct catalyst for the risk-on move. Stock futures are green as well.

The standout is HYPE, now up 5% on the day to $49.80 and +27% over the past seven days as Hyperliquid’s volume records and the Coinbase/USDC partnership announcement continued to compound.

Now all eyes turn to this afternoon’s Nvidia earnings. BTC has moved 6-10% around prior NVDA earnings. A strong beat and guidance raise would validate the AI infrastructure trade and likely carry crypto higher. A miss or soft China export guidance would test the overnight green.

No pressure, Jensen Huang…

🚩 Another $76M Crypto Exploit, This Time on Monad

Echo Protocol, a Bitcoin-focused DeFi platform, suffered an admin key compromise on its Monad blockchain deployment Tuesday that briefly looked like a $76 million disaster. Luckily, it wasn’t.

The actual realized loss came to approximately $816,000, roughly 1% of the headline figure, because the team regained control of the compromised keys and burned the attacker’s remaining tokens before they could be converted.

Here’s what happened. An attacker gained access to Echo’s admin key and granted themselves admin roles on the eBTC contract, then minted 1,000 eBTC worth approximately $76.7 million. They deposited 45 of those eBTC as collateral on Curvance, borrowed 11.29 WBTC (~$867K), bridged it to Ethereum, swapped to ETH, and routed roughly 385 ETH through Tornado Cash. The remaining 955 eBTC, worth ~$73 million, sat in the attacker’s wallet unused. Monad’s DeFi liquidity depth couldn’t absorb a sell of that size, which bought time. Echo’s team used it: they regained admin control, burned the 955 eBTC, and shut down cross-chain functionality on the Monad deployment.