Good Morning,

Here's a quick preview of today’s content: Ark Invest buys more Coinbase and Robinhood, House Dem condemns crypto in 401ks, Grant Cardone says he will keep buying bitcoin, BitGo slashes staff by 15%, Ripple CEO says Michael Saylor hurt crypto, and so much more

Happy Monday - 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 +4.2% Gannon’s AI Fund is up +52.1%

• Bitcoin steadies near $60,000 after dipping as ETFs shed $692M in June's biggest daily outflows

  • BTC ETFs cap second-worst week on record leaving average IBIT investor down about -40%

  • Tether stablecoin flips ETH by market cap, with XRP and DOGE leading broad selloff

  • SOL jumps +9% as Solana DAT stocks climb double digits

• Bitcoin on track for rare back-to-back quarterly loss, with derivatives signaling more pain

Prediction Markets

• Bettors on Polymarket are predicting World Cup Golden Boot winner?

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

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

• Binance tells EU users it will no longer provide services (CD)

• Ripple CEO says Michael Saylor hurt crypto (TB)

• Binance founder CZ blames crypto struggles on AI (CD)

• Billionaire Jeremy Grantham says crypto will fade (DC)

• BitGo slashes staff by 15% (DC)

• DraftKings launches its own prediction market (TB)

• Grant Cardone says he will keep buying bitcoin (CD)

• BIS warns stablecoins fragment global financial system (CT)

• House Dem condemns crypto in 401ks (CD)

• Polymarket confirms $3M breach loss (TD)

• Tether puts $23B in gold to work with bullion loans (CD)

• Sharplink buys ETH for first time in 8 months (TB)

• Ethereum OG wallets sell after 8 years (TB)

• Ark Invest buys more Coinbase and Robinhood (TB)

• Canton tops blockchain fees with $60M (TD)

Venture Capital

• Securitize, a tokenization infrastructure, raises $400M in its SPAC merger with Cantor Equity Partners II (CD)

• VC firm Framework Ventures raises $400M for its fourth fund (TB)

• Fintech El Dorado raises $9M led by Paradigm (SN)

• Canopy, an AI blockchain, raises $8.5M from Arrington Capital, Fenbushi Capital, and others (BC)

• Cambrian, a blockchain data startup, raises $6M led by Franklin Templeton and Polychain Capital (SN)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Japanese financial services SBI Holdings buys Bitbank for $289M (CD)

• South Korea's Kiwoom Securities acquires stake in Bithumb crypto exchange (TB)

Launches

• Ondo launches minting for tokenized stocks (TD)

• Chainlink launches project for FX settlement (TD)

• Tech giants launch Akrites to defend AI attacks (DC)

• StablecoinX begins Nasdaq trading (TD)

Regulation

• Senators call for CFTC investigation into Polymarket (TB)

• Spain says no extensions for EU crypto (DC)

• EU lawmakers urge assessing DeFi (CT)

Cybersecurity

• Base suffers second mainnet stall (TB)

• SecondFi plans recovery after $2.4M exploit (TB)

Extra Reads

• Pension funds are among the most conservative investors on earth, yet even they have started quietly putting retirement money into crypto, mostly through ETFs - Here's how pension funds invest in crypto

• Corporate balance sheets hold over a million BTC, but the mid-2026 selloff delivered the first stress test, wiping out roughly $62B in treasury-company value - Here's why public companies hold Bitcoin

Chart of the Day

37.9% of Bitcoin supply remains unmoved for 4+ years

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.