Good Morning,

Here's a quick preview of today’s content: Fed considers 'skinny' master accounts for crypto banks, Coinbase acquires fundraising platform Echo for hundreds of millions, SpaceX moves $270M worth of Bitcoin in first transfer since July, Crypto founders criticize Binance listing process, and so much more

Happy Wednesday - 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 +40.22%

• Bitcoin surges past $114,000 as gold and silver prices tank

  • Spot BTC ETFs extend negative streak to four days with $40M in outflows

  • Most of the top 10 assets up between +2-4%

• Broader markets rallied after a Fed governor proposed a "payment account” with the central bank

Market Predictions

• Bettors on Kalshi are predicting will any Louvre Crown Jewel thieves face charges this year?

• Trade your predictions on a range of events, only on Kalshi

• Sign up with code LIT and get a $20 bonus when you trade $100

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

• Nobel Peace Prize winner says "Bitcoin is the currency of resistance” (BW)

• TRM Labs reports US crypto activity surges under Trump (CD)

• The BTC/gold ratio drops -30% since mid-August (TB)

• Crypto founders criticize Binance listing process (BW)

• Gemini says nearly a quarter of UK retail investors hold crypto (TB)

• Tether hits 500M users as stablecoin supply nears $182B (TB)

• Whales are increasingly moving their holdings into ETFs (CT)

• SpaceX moves $270M worth of Bitcoin in first transfer since July (TB)

• Kraken wallet data reveals Australians are diversifying beyond Bitcoin (DC)

• Coinbase sees TradFi institutions driving crypto derivatives boom (CD)

• SharpLink Gaming adds $79M in ETH to its holdings (DC)

• Malta’s finance minister backs decision to reject $33M Binance donation (CT)

• Galaxy Digital discloses $505M in Q3 profits (DC)

• Ethereum Foundation moves $654M in ETH (TB)

• Solana Company opens resale for investors following $500M raise (DC)

• Bitcoin whale opens $235M BTC short after netting $200M from market crash (CT)

• Former Ethereum Foundation dev questions Buterin's influence (TB)

• German fintech aifinyo AG plans to accumulate 10k BTC (BM)

• Solana memecoin refunds investors a year after burning $10M (DC)

• BTCC surpasses 10M users, posts $1.15T in Q3 volume (CD)

• Pump.fun generates $1M daily (TB)

• Daily liquidations on Hyperliquid increase by 70% per day (TB)

• Aave now holds $25B in outstanding loans (TB)

• LBank surges to $4.23B in daily spot volume (CD)

• Company behind Kadena blockchain shuts down (DC)

• Streamer Sam Pepper banned from Pump.fun (DC)

Venture Capital

• YZi Labs leads a $25.5M strategic investment round for Sign, a digital infrastructure (BW)

• Bitcoin operating system, BitcoinOS, secures $10M in funding led by Greenfield Capital, FalconX, DNA Fund, and others (BM)

• Bybit-backed cross-chain memecoin launchpad Printr raises $4.5M backed by Axelar, Sui Foundation, Flow Blockchain, and more (TB)

M&A Announcements

• Coinbase acquires Echo for $375M, an on-chain fundraising platform founded by crypto figure Cobie (DC)

• Growler Mining acquires 87.5% stake of crypto miner Argo Blockchain through debt-for-equity swap (CT)

• CoreWeave CEO says the company will not raise its $9B all-stock offer for Core Scientific, calling the acquisition “not a need to have" (CD)

Launches

• ChatGPT launches AI web browser ChatGPT Atlas (DC)

• HIVE to expand bitcoin mining capacity in Paraguay (TB)

• Ark Labs launches Arkade public beta, a Layer 2 built on Bitcoin (TB)

• Maple Finance stablecoins debut on Aave’s onchain lending markets (CT)

• Trezor launches Safe 7 hardware wallet (BM)

• Ethereum enters final testnet phase ahead of Dec. 3 Fusaka upgrade (CT)

• XDC Network launches $10M surge program to deepen DeFi liquidity (CD)

• Argentum AI launches living benchmark for compute markets (CD)

• Bitget Wallet integrates EIP-7702, allowing users to pay gas fees in stablecoins (TB)

Regulation

• British Columbia wants to permanently ban crypto mining sites (DC)

• Crypto and fintech groups urge Trump administration to defend CFPB's open banking rule (TB)

• Fed considers 'skinny' master accounts for crypto banks (DC)

• Bank of England launches a consultation on new stablecoin rules (CT)

• Sen. Warren slams stablecoin law and urges Treasury to address Trump conflict of interest concerns (TB)

• Kraken urges regulators to move faster on stablecoin and tokenization rules (TB)

• OCC Chief down plays stablecoin 'bank run' fears (DC)

Cybersecurity

• Europol seizes $330k in crypto after taking down cybercrime network in Latvia (DC)

• Google researchers uncover North Korean hackers using EtherHiding malware (DC)

• Ocean Protocol faces $250K bounty after $120M crypto dump allegations (CT)

• Solana Saga devices no longer receive software updates and security patches (DC)

Extra Reads

• StarkWare CEO says corporate blockchains will help with mainstream adoption, but long term, they will be abandoned if they try to retain control - Here’s why ‘corpo chains’ are doomed unless they embrace crypto’s ethos

• Digital Ascension Group offers crypto millionaires tailored family office solutions to navigate wealth security, legal protection, and estate planning in an unpredictable digital landscape - Here’s how crypto investors protect wealth

Chart of the Day

Bitcoin vs Gold divergence as $1.8T wiped from gold’s market cap

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.