Good Morning,

Here's a quick preview of today’s content: Apple removes fake app that stole $9.5M from investors, Elizabeth Warren warns X Money threatens the financial system, Virginia signs law protecting dormant crypto from liquidation, Bitwise launches Avalanche ETF, Tom Lee's BitMine posts $3.8B quarterly loss, and so much more

Happy Thursday - Let’s dive in.

Market Snapshot

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• Bitcoin stalls below $75,000 amid tax-day selling while Nasdaq and S&P fly to new highs

  • BTC ETFs draw $411M in inflows, turning from 'digital gold' into geopolitical settlement bet

  • ETH rises +2% on the day as ether open interest sees +26% increase

  • SOL, ADA, DOGE pull back while Asia recoups Iran war losses

• AI pivot pushes bitcoin miners toward 70% revenue as crypto consolidates

Prediction Markets

• Bettors on Polymarket are predicting Fed decision in April?

• Track and trade live odds on any event, only on Polymarket

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Allbirds spikes 400% in pivot from shoes to AI compute (DC)

• World Liberty wants WLFI locked beyond Trump's second term (DC)

• $70M Bitcoin film starring Casey Affleck makes heavy use of AI (DC)

• Tom Lee's BitMine posts $3.8B quarterly loss (DC)

• Online casino operator's stock surges on Crypto.com deal (DC)

• CoreWeave signs $6B deal with Jane Street (CT)

• SocGen takes stablecoin to millions of crypto wallet users (BBG)

• Tom Lee says ‘mini crypto winter’ is over (CT)

• Cantor Fitzgerald donates $10M to crypto PAC (TB)

• Virginia signs law protecting dormant crypto from liquidation (DC)

• Tether moves over $70M in bitcoin to reserve wallet (TB)

• Winklevoss Capital moves $43M in bitcoin to custody (CD)

• UK asset manager puts $68B of funds on-chain via Calastone (CD)

• SIX Group stock exchanges feeds data to Chainlink (TB)

• HIP-3 open interest tops $2B as demand for exposure surges (TB)

• New Bitcoin proposal freezes coins to counter quantum threat (DC)

• Riot loses top data center exec as buildout ramps up (TB)

• Bhutan moves 250 BTC as outflows top $240M (TB)

• TeraWulf falls after $900M equity raise to fund data center (TB)

Venture Capital

• Nava, an AI payments startup, raises $8.3M co-led by Polychain Capital and Archetype (FT)

• DeFi network Brix raises $5.5M led by Yapi Kredi’s venture arm, FRWRD (TB)

• Crypto project Pump.fun raises $5M at a $44M valuation led by Jump Crypto and Foundation Capital (CP)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Trading platform eToro acquires crypto wallet startup Zengo in $70M deal (BBG)

• Tether backs Stablecoin Development Corp’s $134M to acquire SKY tokens (TB)

Launches

• Bitwise launches Avalanche ETF (TB)

• Tron launches post-quantum upgrade plan (TB)

• Ripple and Kyobo enable tokenized bond settlement (TB)

• Aave Labs launches AI security system (CT)

• OKX rolls out X-Perps in derivatives push (CT)

• Fireblocks launches tool for institutions to earn yield (CT)

Regulation

• Elizabeth Warren warns X Money threatens the financial system (DC)

• Pakistan lifts 8-year crypto banking ban (DC)

• Ohio casino commission levies $5M fine against Kalshi (BL)

• UK FCA seeks feedback on guidance for crypto rules (CT)

Cybersecurity

• Apple removes fake app that stole $9.5M from investors (CT)

• North Korean hackers use AI social engineering in Zerion attack (CT)

• Crypto users targeted in scam using notes app (CT)

Extra Reads

• Morgan Stanley says the bank is eyeing a "tokenized world" where blockchain technology allows client assets and liabilities to move more efficiently across its wealth management platform - Here’s why Morgan Stanley sees tokenization as the next step

Chart of the Day

Bitcoin has one of its highest levels of realized profit this year at $1.14B

Meme Dump

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*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.