Good Morning,

Here's a quick preview of today’s content: Robinhood cautious on Bitcoin strategy, developer of Bitcoin app Samourai sentenced to 5 years in prison, UN agency to launch blockchain education program for governments, More than half of hedge funds invested in crypto, JPMorgan sees Bitcoin reaching $170k within 6 to 12 months, Google Finance integrates prediction market data, and so much more

It’s finally Friday - 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 +44.01%

• Crypto markets sink as ETF outflows and macro pressures mount

  • Bitcoin ETFs have bled over $2B since Oct. 29 - the second-worst outflow streak on record - as crypto stocks tumbled alongside traditional markets

  • Over 470,000 BTC held for more than five years, worth $50B, changed hands in 2025, the second-largest long-term holder move ever

  • SOL ETFs extended their inflow streak to seven days, bucking the trend as BTC and ETH funds continued to see heavy redemptions

  • DeFi remained Web3’s most active sector in October, while ETH TPS hit a record 24K

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

• Trump says he wants US to be ‘the Bitcoin superpower’ (CD)

• JPMorgan sees Bitcoin reaching $170k within 6 to 12 months (TB)

• Ark Invest slashes Bitcoin price target to $1.2M (DC)

• Robinhood cautious on adopting corporate Bitcoin treasury (TB)

• Google Finance integrates Polymarket and Kalshi prediction data (DC)

• More than half of hedge funds invested in crypto (RS)

• Polymarket traders bet Supreme Court will curb Trump’s tariff powers (CT)

• A host of high-profile blockchains ally to establish a framework for cross-chain payments (TB)

• Wintermute says crypto’s current cycle is driven by ‘recycled liquidity’ (CT)

• DeFi players launch alliance to champion Ethereum to policymakers (CT)

• Crypto whale opens short positions against BTC and XRP with 20x leverage (DC)

• Aave’s Horizon RWA market nears $540M (TD)

• Solana ecosystem TVL grows to $35B (TD)

• Compound resumes withdrawals from USDC and USDS markets (TD)

• Synthetic stablecoin USDX depegs below $0.60 (TB)

• Elixir sunsets deUSD synthetic stablecoin (TB)

• KuPool appoints SparkPool veteran Shelton Qiu as COO (CD)

• Forward Industries approves $1B buyback program (CD)

• Cango to prioritize optimizing Bitcoin mining business (CD)

• Tenerife council to sell BTC bought in 2012 (CD)

• Bitcoin.com and Concordium partner on age-verified crypto payments (CT)

• Jurors ask questions in MEV bot trial as deliberations proceed (CT)

• MegaETH ICO allocations leave community split (TD)

Venture Capital

• Strive, an asset management company building a BTC treasury, looks to raise $160M after upsizing the IPO of its Series A (CD)

• Cross-chain trading app Fomo raises $17M in a Series A round led by Benchmark (TB)

• Hardware and software firm Arx Research raises $6.1M seed round led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx (TB)

• Sprinter, a crosschain infrastructure startup, raises $5.2M via seed funding led by Robot Ventures alongside several angels (TB)

Launches

• Securitize and VanEck bring tokenized treasury fund to Aave (CD)

• Tether's Hadron and Bitfinex Securities to tokenize assets (CD)

• MyPrize gaming app to feature Crypto.com prediction market contracts (DC)

• LBank launches USDT and USDC stablecoin program (CD)

• Art Basel unveils ‘Zero 10’ digital art platform (TD)

• RedStone unveils DeFi risk ratings (CT)

• LP-free perp exchange Leverup available now (CD)

Regulation

• UK to unveil stablecoin consultation to keep pace with US (TB)

• Coinbase urges Treasury to keep GENIUS Act rules aligned with congressional intent (TB)

• Central Bank of Ireland fines Coinbase $24.6M for AML failures (CD)

• ASIC chief warns Australia risks losing edge in global tokenization (DC)

• Binance and Buenos Aires to encourage sensible crypto adoption (DC)

• UN agency to launch blockchain education program for governments (CT)

Cybersecurity

• Developer of Bitcoin app 'Samourai' sentenced to 5 years in prison (DC)

• Appeals court rejects prisoner's lawsuit over $354M BTC loss (DC)

Extra Reads

• Perpetual DEXs are reshaping decentralized trading with faster execution, deeper liquidity and integration, as they enter a phase of rapid growth, marked by expansion in trading volume - Here’s how perp DEXs quietly took over 26% of the futures market

• Privacy-focused protocol Zcash has received newfound support from industry experts and influencers, sending its native token price to multiyear highs - Here’s the truth behind Zcash’s comeback in 2025

Chart of the Day

Bitcoin accumulator addresses doubled to 262k in two months

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.