Banks Fight Crypto Legislation

Bankers attempt last ditch effort to kill crypto bill

Good Morning,

Here's a quick preview of today’s content: Binance’s AI blocks $10.5B in crypto fraud, MoonPay launches AI tool for prediction markets, Prediction market ETFs delayed again by SEC, Solana upgrade Alpenglow begins testing, Strategy resumes bitcoin buys as Saylor shifts focus, and so much more

Happy Tuesday - Let’s dive in.

Market Snapshot

Click here to learn more about the Gannon’s portfolios and subscribe to the strategies on Autopilot.* Since inception (7/3/25), Gannon’s Crypto Portfolio is up +16.11% Gannon’s AI Fund is up +50.7%

  • Bitcoin tests $82,000 as crypto funds notch sixth straight week of inflows totaling $858M

    • SOL stands out with +15% weekly gain, ADA adds +12%, BNB rises +5.4%

    • XRP spikes +2.5%, beating BTC and ETH dominated by strong ETF inflows

    • Market cap stands at $2.81T as flows extend longest positive streak since last summer

  • Bitcoin and Nasdaq rally sharply while US sentiment falls to historic lows

Prediction Markets

  • Bettors on Polymarket are predicting Clarity Act signed in 2026?

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

Headline Roundup
The major headlines driving crypto markets

  • Bankers attempt last ditch effort to kill crypto bill (BM)

  • Strategy resumes bitcoin buys as Saylor shifts focus (DC)

  • Kash Patel touts AI overhaul of FBI crime-fighting (DC)

  • Circle surges amid optimism over own blockchain (BBG)

  • Senate schedules Clarity Act markup (BM)

  • Tom Lee’s BitMine slows Ethereum buying pace (DC)

  • Anchorage steps back from global stablecoin group (CD)

  • Crypto and AI could be dirty words on 2026 campaign trail (CT)

  • MARA posts losses as investors look to AI (CD)

  • Solana upgrade Alpenglow begins testing (DC)

  • CleanSpark losses swell after losing $224M on BTC (TB)

  • Ripple lands $200M facility to expand brokerage (DC)

  • Ethereum Foundation names three new leads (TB)

  • Sharplink kicks off $125M yield fund with Galaxy (DC)

  • Keel posts $145M loss in pivot from miner to AI (DC)

  • Crypto.com receives license tied to Dubai crypto payments (TB)

  • Court approves Arbitrum vote to move $71M in ETH (TD)

  • Corpay taps BVNK to add stablecoin wallets (TB)

  • Ronin migrates from gaming chain to Ethereum layer (TB)

  • Kraken taps Andreas Roussos to lead Cyprus unit (FM)

  • Bankrupt fund Stream Finance begins liquidation process (TD)

Venture Capital

  • Kraken parent Payward seeks funding at $20B valuation (CD)

  • Stablecoin issuer Circle raises $222M in token presale at $3B valuation (DC)

  • Stablecoin bank Augustus completes $40M financing round from Valar Ventures, Creandum, and more (BG)

  • French treasury firm Capital B raises $18M from Adam Back (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

  • MoonPay acquires AI trading startup Dawn Labs (DC)

Launches

  • MoonPay launches AI tool for prediction markets (TB)

  • Boundary launches institutional stablecoin (TB)

Regulation

  • Prediction market ETFs delayed again by SEC (TB)

  • Bank of England wrestles with US on stablecoins (DC)

  • Australia proposes crypto tax change (TB)

  • Augustus gets approval for AI and stablecoin bank (CT)

Cybersecurity

  • Binance’s AI blocks $10.5B in crypto fraud (DC)

  • Hackers build exploit that bypasses two-factor auth (DC)

  • White hat returns $190K to Renegade hours after hack (CT)

Extra Reads

Chart of the Day

Tokenized RWA market crosses $30B

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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.