Charles Schwab Makes Its Big Crypto Move

Welcome back to The Warmup.

Happy Friday! This is how my gf looks at me after I buy more Bitcoin instead of taking her out tonight.

Here’s what we’re watching:

• Market Snapshot

• Charles Schwab Makes Its Big Crypto Move

• SOL Post-Breakdown Setup

• HYPE ETF Momentum Is Building

Market: Risk-on momentum is building as crypto and equities push higher while the dollar and volatility decline.

Charles Schwab Makes Its Big Crypto Move

What’s going on:

Charles Schwab just flipped the switch on spot Bitcoin and Ethereum trading under its new “Schwab Crypto” brand.

It’s rolling out in phases, starting with employees, then early-access users, and eventually the full client base.

Custody and settlement are handled by Paxos, and fees are set at 75 basis points per trade, much higher than ETFs, but this is about access, not pricing.

And Schwab isn’t stopping there.

CEO Rick Wurster hinted that prediction markets are likely coming too, with a focus on financial event contracts rather than sports or politics.

What it means:

Schwab manages $11.8 trillion in client assets and works with 16,000 financial advisors.

At the same time, Goldman Sachs is filing for a Bitcoin income ETF, and Morgan Stanley just disclosed $1.24B in Bitcoin ETF exposure while launching its own product at 0.14%.

The narrative has shifted. This isn’t about institutions “coming” anymore, they’re already here and building.

Schwab going direct into spot trading puts them head-to-head with Coinbase and Robinhood, but with a distribution advantage that’s hard to compete with.

Access is expanding, capital is lining up, and the rails are being built in real time.

SOL Post-Breakdown Setup

What’s going on:

SOL broke down from a bearish wedge but hasn’t seen strong follow-through.

Price is stabilizing, suggesting sellers are losing momentum and a potential bounce is on the table.

At the same time, SOL is still pushing through the 50-day EMA, and RSI is around the midline, keeping things neutral for now.

Key levels we’re watching:

• Support: $80 → key short-term floor

• Resistance: 50-day EMA acting as pivot

• Breakout target: $95+ if EMA is reclaimed

• Breakdown risk: Lose $80 and high $70s come into play

Directional Bias: Neutral to cautiously bullish

What we’re waiting for:

• Clear reclaim of 50D EMA level

• RSI pushing back above 60

• Hold above resistance turned support

HYPE ETF Momentum Is Building

What’s going on:

21Shares just filed a second amendment with the SEC for a spot HYPE ETF, and now we’ve got more details.

The fund is planning to trade under the ticker THYP on the Nasdaq, and they’re looking to stake between 30% and 70% of the HYPE tokens inside the fund.

One thing still missing: fees. No clarity there yet.

But 21Shares isn’t alone.

Bitwise and Grayscale are also in the race with their own HYPE ETF proposals. So this isn’t a one-off anymore, it’s starting to look like a category.

At the same time, HYPE itself is quietly trending up.

Since the end of January, it’s been putting in higher highs and higher lows, and has already more than doubled in price.

What it means:

The ETF narrative is picking up fast, and multiple players stepping in usually means one thing: demand is coming.

Pair that with strong price action, and HYPE is starting to look like one of the more interesting setups right now.

If this momentum holds, this could turn into a much bigger trade.

We Published This HOOD Setup. Then It Did 27% in 25 Days.

This is a repeatable process.

We laid out the HOOD long thesis at $70 when it was the worst-performing stock of 2026.

Up 27% in just 25 days.

Inside the Kaizen Discord, world class researchers break down live opportunities like this every single week, showing not just what to buy, but why the trade works.

If you want to stop guessing and start understanding the game, this is where that education lives.

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Bitcoin demand is strong, but price hasn’t reacted yet, which usually signals accumulation under the surface. Large buyers are absorbing supply quietly, so the market impact isn’t fully visible.

At the same time, macro conditions are turning risk-on, but crypto is still lagging behind.

This doesn’t look like weakness, it looks like a market waiting for a trigger.

Once that catalyst hits, all that hidden accumulation can translate into a sharp move higher.

— 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.