Morning Minute: Paul Tudor Jones Calls Bitcoin Strongest Inflation Hedge

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As we speak’s prime information:

• Crypto majors rebound 1-2% forward of FOMC; BTC at $77.5k
• Paul Tudor Jones calls Bitcoin the strongest inflation hedge, higher than gold
• Pump Enjoyable burns $370M in tokens, broadcasts new programmatic purchase again
• Robinhood’s HOOD inventory falls 10% on earnings miss, falling crypto income
• Polymarket in energetic discussions with CFTC to elevate ban on US customers

🟠 Paul Tudor Jones Calls Bitcoin Strongest Inflation Hedge

In a Tuesday interview on the Make investments Just like the Finest podcast, Paul Tudor Jones called Bitcoin the strongest inflation hedge availableexplicitly rating it above gold.

His reasoning is simple: gold’s provide grows yearly; Bitcoin’s doesn’t. During times of aggressive financial and monetary stimulus, he stated, Bitcoin is the standout inflation commerce, citing the 2020 surge because the clearest historic instance. “Bitcoin is unequivocally the most effective inflation hedge that there’s – greater than gold,” he stated.

His feedback on equities had been a bit completely different. He stated that present S&P 500 valuations remind him of the 2000 dot-com bubble. The inventory market cap relative to GDP is close to historic extremes. He warned will probably be “actually laborious to make cash” in shares over the subsequent decade, and added {that a} main market correction would worsen the federal deficit by collapsing capital-gains tax revenues and destabilizing the bond market.

📉 Robinhood’s HOOD Inventory Dips as Crypto Income Falls

Robinhood reported Q1 2026 results Tuesdaylacking estimates on income and earnings. Complete income got here in at $1.07 billion in opposition to a $1.14 billion consensus. Web earnings of $346 million ($0.38/share) was one cent wanting expectations. Shares fell 6% after hours and are down 10% premarket.

The driving force of the miss is simple: crypto transaction income fell 34% quarter-over-quarter to $134 million, and 47% year-over-year, monitoring Bitcoin’s 22% worth decline over the identical interval.

The miss is notable as a result of the remainder of the enterprise held up. Prediction markets, futures, and index choices all posted report volumes in Q1. Equities and choices grew double digits. Sadly, HOOD’s income stays tightly correlated to BTC worth motion, and the inventory has tracked BlackRock’s IBIT extra intently than the S&P 500 for many of 2026. The Q2 restoration in crypto costs, if it holds, ought to present up within the subsequent print

🔥 Pump.enjoyable Burns $370M in Tokens, Guarantees New Buybacks

Pump.enjoyable executed a major token restructuring Tuesdayburning roughly $370 million value of $PUMP tokens (roughly 36% of circulating provide). The burn covers all tokens collected by 9 months of 100% income buybacks.

On the identical time, Pump introduced a brand new programmatic buy-and-burn for PUMP tokens utilizing 50% of income. They may use an irreversible good contract locking 50% of all internet income from the Bonding Curve, PumpSwap, and Terminal into computerized open-market purchases and burns for the subsequent yr. The remaining 50% will fund operations and development.

Zoomed out, Pump.enjoyable has seen super success. Prior to now few years, Pump has:

• Raised $500 million in 12 minutes by its $PUMP token sale
• Surpassed $1 billion in lifetime platform income
• Generated a whole bunch of billions in buying and selling quantity.

However regardless of allocating 100% of income to buybacks, the group stated a belief deficit developed round what these bought-back tokens would ultimately be used for. The hope is that this new burn removes that uncertainty completely (or not less than for the subsequent yr).

🤖 The CFTC Is Utilizing AI to Evaluate Crypto Functions

CFTC Chairman Mike Selig advised CoinDesk that the company is building AI tools to review crypto registration applications and monitor trading marketsas a direct response to dropping greater than 20% of its workforce below Trump’s federal staffing cuts.

The present course of is totally handbook with doc submissions reviewed by workers. The brand new system will flag incomplete purposes, velocity up suggestions, and reject filings that aren’t materially full. Present workers are being educated on Microsoft Copilot whereas in-house swap information and market surveillance instruments are in growth.

Selig recognized the joint CFTC/SEC digital asset taxonomy steering as probably the most consequential crypto motion of his tenure, and put prediction market members “on discover” concerning the company’s enforcement posture. Notably, the SEC has roughly six instances the CFTC’s workers, whereas the CFTC’s mandate is increasing quickly to cowl crypto, prediction markets, and derivatives. The hope is that AI will help make up for that useful resource hole…

🇺🇸 Polymarket Is Making an attempt to Come Again to the U.S.

Polymarket is in energetic discussions with the CFTC to elevate the ban on U.S. merchants from its important worldwide alternate, Bloomberg reported Tuesday.

The restriction has been in place since a 2022 settlement by which Polymarket paid a $1.4 million advantageous and agreed to exit the US market after working an unregistered occasion contract facility. A separate US-only Polymarket platform acquired CFTC clearance in November following the corporate’s acquisition of a registered alternate, however that platform has but to totally launch.

A CFTC vote is required to take away the ban. With 4 fee seats at the moment vacant, Chairman Selig is the only real sitting commissioner, which might simplify the approval course of. If cleared, Polymarket’s main exchange would compete directly with Kalshi on US soil for the primary time.

🌎 Macro Crypto and Markets

• Crypto majors rebounded 1-2% forward of FOMC in the present day; BTC +2% at $77.5k; ETH +3% at $2,330; SOL +2% at $85; HYPE +1% at $40.30
• DOGE (+12%), PEPE (+8%) and FIL (+7%) led prime movers
• Oil +4% at $103; Gold -1% at $4,570
• Inventory futures are barely inexperienced forward of FOMC and regardless of surging oil
• The CFTC sued Wisconsin Tuesdaymaking it the fifth state the company has taken to federal courtroom in lower than a month over prediction market jurisdiction
• Tether introduced Tuesday it’s constructing a brand new class of modular, high-density Bitcoin mining methods in partnership with Canaan and ACME Swisstech
• Localhost Analysis introduced a brand new Publish Quantum Cryptography Group Tuesday, partnering with Stanford cryptographers Benedikt Bünz and Dan Boneh to fund devoted analysis into Bitcoin-specific post-quantum signature schemes
• Canada announced plans to ban crypto ATMs to guard its residents from fraud

Company Treasuries & ETFs

Meme Coin Tracker

• Meme leaders were very inexperienced; DOGE +12%, SHIB +6%, PEPE +8%, PENGU +1%, TRUMP +1%, BONK +6%, SPX +7%, FARTCOIN +7%
• Bull (+60%), Both (+30%) and CARDS (+14%) led notable movers

💰 Token, Airdrop & Protocol Tracker

• MegaETH launched a new terminal and incentive program, with factors earned based mostly on app utilization (MEGA +9%)
• Layer Zero pledged 10,000+ ETH to the DeFi United trigger, a a lot awaited response given the group’s involvement within the exploit

🚚 What is occurring in NFTs?

• NFT leaders had been largely flat; Punks even at 30.9 ETH, BAYC +1% at 9.75 ETH, Pudgy +1% at 5.34 ETH; Hypurr’s -3% at 350 HYPE
• MegaETH NFTs rallied with World Pc Netizens (+60%) and Unhealthy Bunnz (+55%) main