Bitcoin Pops As Iran War Fears Cool Off

Partnership with Z Squared: The AI infrastructure company that just went public on Nasdaq ($ZSQR)

Welcome back to The Warmup.

This is how Miami Uber drivers look after being shilled Bitcoin for 2 straight hours.

Here’s what we’re watching:

• Market Snapshot

• Bitcoin Pops As Iran War Fears Cool Off

• BTC EMA200 Decision Zone

• Coinbase Is Going Full AI Mode

Market: BTC holds above $81K while SOL continues showing strength. Falling DXY and VIX suggest markets are turning risk-on again.

Bitcoin Pops As Iran War Fears Cool Off

What’s going on:

Markets ripped higher after Trump announced the US would pause “Project Freedom” due to “great progress” toward a potential agreement with Iran.

The reaction was immediate. Oil collapsed 14% to below $90 per barrel, Nasdaq futures jumped 1.5%, and crypto caught a strong bid.

Bitcoin climbed above $82K and hit a fresh local high. Ethereum pushed to $2,411, while Solana rallied 5% to nearly $90.

Some of the biggest moves came from downstream altcoins.

ZEC exploded 38% and TON jumped 23% as traders started rotating back into higher-beta plays.

What it means:

The optimism also comes ahead of Trump’s upcoming meeting with Xi Jinping in Beijing next week.

Markets seem to believe Trump wants tensions cooling before that meeting happens.

Lower oil prices, easing geopolitical tensions, and improving risk appetite are creating a strong setup for crypto.

Bitcoin reclaiming $82K matters, but the bigger signal might be altcoins starting to outperform again.

If tensions keep cooling and liquidity conditions improve, this could turn into a much bigger move for risk assets.

If you are paying attention to AI infrastructure, it is time to meet Z Squared.

Z Squared ($ZSQR) just listed on Nasdaq.

The company operates approximately 9,800 compute machines across North Carolina and Iowa, running 24/7 with no debt on the balance sheet.

Why Z Squared stands out:

• Vertically integrated digital infrastructure with institutional-scale operations

• Team with years of experience in power management, uptime, and fleet operations

• Building toward AI-ready infrastructure outside the hyperscaler ecosystem

Power is the real bottleneck in AI, not chips. Z Squared's team has spent years sourcing power, managing loads, and running compute at scale.

BTC EMA200 Decision Zone

What’s going on:

BTC is testing the 1D EMA200 for the first time in nearly 6 months after losing it back in November 2025.

Historically, price below the EMA200 keeps the higher timeframe trend bearish. Right now, BTC is approaching that level as major resistance.

Key levels we’re watching:

• Support: $78K

• Resistance: $82K (1D EMA200)

• Breakout target: $90K+

• Breakdown risk: Rejection could send BTC back toward low $70Ks

Directional Bias: Cautiously bearish

BTC needs to reclaim and hold above the EMA200 to confirm a bullish trend shift. Until then, bears still control the higher timeframe trend.

What we’re waiting for:

• Daily closes above EMA200

• Strong breakout volume

• Resistance flipping into support

Coinbase Is Going Full AI Mode

What’s going on:

Coinbase is cutting around 700 employees, roughly 14% of its workforce, as Brian Armstrong pushes the company deeper into becoming an AI-native organization.

AI now allows engineers to ship products in days instead of weeks, while some non-technical teams are already automating workflows and shipping code internally.

Coinbase plans to flatten management layers, experiment with leaner teams, and target having 50% of internal code written by AI.

Armstrong described the long-term vision as building Coinbase into an “intelligence” where AI handles much of the execution and humans operate more at the edges.

Despite the aggressive restructuring, COIN stock still closed down 2.5% on the day.

What it means:

This feels bigger than just Coinbase.

Major tech companies are starting to fully restructure around AI instead of simply using it as a productivity tool.

If this trend spreads, AI could massively reduce operating costs and completely reshape how companies build products.

The big question is whether moving this fast with AI, especially in crypto, creates more efficiency… or introduces even more risk.

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Crypto keeps climbing not because the world is calm, but because the long-term trends behind it are becoming impossible to ignore.

This market is no longer just about speculation. It is increasingly tied to AI, stablecoins, tokenization, global payments, and the rebuilding of financial infrastructure.

Institutional adoption also feels much more real now, with large allocators moving from asking whether crypto matters to figuring out how much exposure they should have.

And while short-term volatility will always exist, the combination of mainstream adoption and massive technological shifts could make this cycle slower, larger, and far more sustainable than previous ones.

— The Warmup Team

Always do your own research. This newsletter is supplemental material to help educate readers as they make their own decisions. Projects mentioned here are provided to give a potential early-mover advantage.