Good Morning,

Here's a quick preview of today’s content: India arrests suspect in Bitcoin ponzi scheme at Mumbai airport, Senate bill looks to ban prediction markets on war and death, SEC and CFTC commit to work together on crypto policy, Crypto-friendly Revolut launches UK bank, Mastercard recruits exchanges for crypto partner program, and so much more

Happy Thursday - 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 (7/7/25), Gannon’s Crypto Portfolio is up +5.4%

• Bitcoin holds above $70,000 as US inflation remains subdued at 2.4% and oil renews decline

  • BTC ETFs add $251M with options traders betting on reclaiming $80,000

  • ETH and SOL gain +1% while XRP stays flat despite XRP Ledger transactions jumping to 2.7M

• Tokenized assets climb to $23.6B as investors seek always-on markets amid IEA's proposed largest-ever oil release

Prediction Markets

• Bettors on Polymarket are predicting US recession by end of 2026?

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

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

• DOJ investigating if Iran used Binance to evade sanctions (DC)

• Binance sues Wall Street Journal for Iran defamation (TB)

• Mastercard recruits Binance, Ripple and PayPal for crypto partner program (DC)

• Coinbase CPO rejects claims of opposing Bitcoin tax relief (BM)

• Wells Fargo applies for WFUSD trademark (DC)

• Bullish climbs past Coinbase to become third-largest crypto exchange (CD)

• SEC and CFTC commit to work together on crypto policy (TB)

• Justin Sun deal complicates SEC's crypto stance (DC)

• Ripple begins buying back shares at $50B valuation (DC)

• Hollywood star-turned-skeptic releases trailer for anti-crypto doc (CT)

• SPACs take few firms public despite billions in IPOs (BBG)

• Crypto traders turn to Hyperliquid for oil bets (DC)

• DOJ seeks forfeiture of $3.4M tied to Ethereum scam (DC)

• Binance.US hires new CEO as exchange pursues growth (TB)

• AI agents transact via MetaMask without accessing private keys (TD)

• Crypto-friendly Revolut launches UK bank (TB)

• Bitpanda reports $430M adjusted revenue (TB)

• Cosmos Health buys $600K in Bitcoin and expands treasury (BM)

• Basic adds VanEck crypto ETFs to 401k plans (CT)

• Solmate proposes reverse stock split to build Solana hub (TB)

• Investor lawsuit surfaces against CEA Industries (TB)

• Across Protocol explores letting holders exchange tokens for equity (TB)

• Myriad uses USD1 on BNB Chain as settlement asset (DC)

• Strategy's STRC preferred series gets $50M investment from fellow treasury company Strive (CD)

• Bittensor infrastructure startup General Tensor raises $5M backed by Good Morning Holdings (TB)

• Anchorage Digital, the crypto financial services provider, makes a strategic investment in security firm Immunefi (TB)

Access the complete VC deal flow on Fundable.

Launches

• Foundry plans Zcash mining pool launch (TB)

• Ethereum researchers demo native rollups prototype (TB)

• Former OKX legal execs unveil DeFi risk-rating service (CD)

• Ghana opens crypto trading sandbox with 11 firms (CD)

• SlowMist introduces Web3 security stack for AI agents (CT)

Regulation

• Senate bill looks to ban prediction markets on war and death (DC)

• European Central Bank unveils tokenized finance plan (CD)

• Ripple seeks Australian license to scale payments (DC)

Cybersecurity

• India arrests suspect in Bitcoin ponzi scheme at Mumbai airport (TB)

• Fantasy.top founder pushes back on rugpull allegations (TB)

• Ledger uncovers vulnerability that affects 25% of Androids (TD)

Extra Reads

• Seven major central banks, including the Federal Reserve, will issue rate decisions next week as war-driven oil price spikes raise concerns about inflation - Here’s how next week could spice things up for bitcoin

• The chairman of the FDIC made clear that even pass-through deposit insurance won't be allowed from third-party firms - Here’s why stablecoins won't get deposit insurance under GENIUS

Chart of the Day

Bitcoin social media sentiment comes back to FOMO territory

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.