Good Morning,

Here's a quick preview of today’s content: Senators introduce bill to establish crypto scam taskforce, Solana tests quantum-resistant transactions, Former execs accuse crypto firm CEO of fraud, DTCC to tokenize US Treasuries, Hyperliquid proposes burning 13% of circulating supply, and so much more

Happy Thursday - Let’s dive in.

Market Snapshot

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• Crypto markets whipsaw as BoJ fears and expiries rattle Bitcoin

  • BTC briefly spiked to $90K before dumping to $85K, testing weekly lows as volatility surged

  • Traders brace for a Bank of Japan rate hike and major stock/options expiries

  • Broader crypto market tested the $3T cap floor, with ETH, XRP and BNB sliding

  • A sudden BTC rally liquidated $120M in shorts, before momentum reversed and gains evaporated

• Institutional BTC buying flipped new supply positive for the first time in six weeks, offering limited support amid fading Santa-rally hopes

Prediction Markets

• Bettors on Polymarket are predicting how many gifts will Santa deliver in 2025?

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

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

• Coinbase adds stock trading and prediction markets (CT)

• Trump interviews pro-crypto Waller for Fed Chair (TB)

• Bitcoin miner Hut 8 inks $7B Google AI deal (DC)

• Gavin Newsom pokes Trump, flagging convicted crypto allies (DC)

• DTCC to tokenize US Treasuries on Canton (DC)

• Bhutan pledges 10K BTC to fund Mindfulness City (DC)

• BitMine adds $140M ETH to treasury (TB)

• Michael Saylor says quantum will “harden” Bitcoin (CS)

• Hyperliquid proposes burning 13% of circulating supply (TD)

• Binance mulls new US strategy (CT)

• Solana tests quantum-resistant transactions (CT)

• CFTC chair joins MoonPay after leaving agency (CT)

• Aave founder charts plan to trillion-dollar scale (TB)

• Bitcoin whale withdraws $260M (CD)

• Kraken taps Alpaca for xStocks (FM)

• BNB brings crypto payment access to AWS (CD)

• Ripple’s Asia venture explores XRP-based yield products (CD)

• Data shows 60% banks are embracing Bitcoin (CS)

• Lawsuit calls for FTX clients to weigh in on $10M settlement (CT)

• Lightning Network hits record on crypto exchange adoption (CT)

• Coinbase report points to ‘broken’ traditional finance system (CT)

• HashKey slides -3% after IPO (TB)

• Crypto ETPs enter ‘cheesecake factory’ era in 2026 (CT)

• Polymarket shows stronger retention than most exchanges (CT)

• Jito Foundation returns to US (CT)

• Solana TVL hits $8.6B six-month lows (CT)

• Memecoins slide to $47B in November (CD)

• KuCoin taps Tomorrowland festivals for Euro fans (CT)

• Ex-Alameda CEO won’t spend holidays in prison (CT)

Venture Capital

• Digital trade-finance startup Olea Global raises $30M Series A equity round led by Banco Bilbao Vizcaya Argentaria with participation from XDC Network, The Dock, and SC Ventures (ET)

• AI-powered DeFi platform GOPI AI raises $25M seed round from existing backers, Web3-native funds and traditional finance and software investors (LL)

• ETHGas raises $12M seed round led by Polychain Capital to launch Ethereum’s first blockspace futures market (TB)

• Speed, a Lightning-powered stablecoin payments startup, raises $8M strategic equity round led by Tether (CD)

• Leveraged prediction-market startup dodo raises $3M seed round from undisclosed investors (X)

• Predictive Market Space, a Solana-based crypto analytics and prediction market startup, raises $3M combined seed and strategic round led by Morningstar Ventures with participation from Arctic Digital, Echo, IMPOSSIBLE, and others (BG)

• Synergetics.ai, a decentralized AI-agent commerce startup, closes an undisclosed seed-stage token round from Taisu Ventures to launch its SGTX token (PRN)

• Polygon Labs, the dev of Polygon blockchain, announces a strategic investment in tech media firm Boys Club (TB)

• EquiLend makes a minority investment in Digital Prime Technologies, a regulated crypto financing provider (CD)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Coinbase approved to acquire minority stake in crypto platform CoinDCX (CT)

• JZXN in discussions to acquire $1B tokens from AI trading firm at a discount (CD)

Launches

• Securitize launches 'real’ stocks on-chain (TB)

• Brazilian B3 exchange launches tokenization platform and stablecoin (CD)

• Tether launches peer-to-peer password manager PearPass (TB)

• Exodus and MoonPay launch USD stablecoin (TB)

• Digital Wealth Partners introduces algorithmic XRP trading (CD)

• Moon Pursuit Capital launches $100M crypto fund (CD)

• Russian bank Sberbank pilots ‘DeFi Tools’ (TD)

• Uniform Labs launches tokenized asset market (CD)

• BitGo enables Lightning payments from custody (BM)

• Unicoin set for crypto exchange debut (CD)

• Space announces sale of its native token (CD)

• SMARDEX announces Everything Protocol (CD)

• Fhenix launches Fhenix402 (CD)

• SaucerSwap unveils redesigned platform (CD)

Regulation

• Senators introduce bill to establish crypto scam taskforce (DC)

• Norway's sovereign wealth fund supports Metaplanet’s BTC plan (CD)

• Crypto insiders meet with senators on market structure bill (CD)

• SEC lawsuit puts Shima Capital’s future in question (CT)

• African Republic’s crypto experiment riddled with red flags (DC)

• Actors and creators launch coalition pushing AI rules (DC)

• Indian MP pushes tokenization bill to democratize access (DC)

• Bank of Canada lays out criteria for stablecoins (CT)

Cybersecurity

• Singapore entrepreneur loses crypto portfolio with fake game (DC)

• Former execs accuse crypto firm CEO of fraud (DC)

• Binance offers $5M reward to crack down on fraudulent token listings (TB)

• Yearn Vault exploited in second attack this month (TD)

• Crypto lawyer says SAFE Crypto Act could deter scammers (CT)

Extra Reads

• Crypto platforms must adopt proactive, multi-layered verification architectures that don’t stop at onboarding but continuously validate identity, intent, and transaction integrity throughout the user journey - Here’s why crypto’s next security battle will be against synthetic humans

• The Chinese yuan could create a bullish environment for Bitcoin by influencing global money flows, potentially benefiting crypto amid global economic shifts - Here’s how China’s strengthening yuan could support Bitcoin

• YouTube has added an opt-in option allowing eligible US creators to receive payouts in PayPal’s dollar-backed stablecoin - Here’s how YouTube’s stablecoin payouts could change monetization

Chart of the Day

Bitcoin lightning network capacity hits record 5,606 BTC

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.