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Here's a quick preview of today’s content: Magic Eden warns old NFTs are exposed to exploit, SEC clarifies token buybacks and staking, Blockchain Association CEO steps down, KelpDAO sues LayerZero over $292M exploit, SEC crypto advocate Hester Peirce departs this week, and so much more

Curious how we source the VC section every morning? It's powered by Fundable. What we like it for crypto: half these rounds break somewhere you'd never think to look, an Italian business paper, a token sale that goes live on X before it reaches the feeds you check. Fundable reads all of it and pulls it into one place, so the digging is already done by the time you go looking. tryfundable.ai

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 +22.3% Gannon’s AI Fund is up +66.3%

• Bitcoin consolidates near $84,000 as ETFs turn positive for 2026

  • BTC ETFs notch a seven-day winning streak with a $2.4B weekly inflow

  • Altcoins rally across the board as XRP and SOL keep climbing

  • IBIT options price more calmly after the rebound, though inflows slowed to $191M

• Bitcoin and Wall Street stay calm as bond volatility surges, with oil sliding on Middle East progress

Prediction Markets

• Which college football team is taking the SEC this year?

• Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

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

• Bitget hack losses climb to $387M (DC)

• Defense Secretary Hegseth owns bitcoin wallet (DC)

• SEC crypto advocate Hester Peirce departs this week (CD)

• Fed proposes charges and approval rules for stablecoins (TD)

• Prosecutors want $84.2M from a bank tied to Tether (DC)

• KelpDAO sues LayerZero over $292M exploit (DC)

• CFTC sues Cash FX over $950M forex scheme (CT)

• Analyst links $18.4M in Robinhood Chain extractions to rug-pull (TB)

• Man charged in $16M crypto pig butchering scam (TB)

• Strategy proposes daily dividends for preferred stocks (TB)

• Blockchain Association CEO steps down (TB)

• Vitalik Buterin maps Ethereum's path to 2030 (TB)

• Morgan Stanley joins NEXTPredict summit (DC)

• CleanSpark closes $2.2B deal for data center (TD)

• Solana upgrade reaches second test network (CD)

The round is already public. Just not on the feed you check.

A crypto raise is almost always public before it reaches the feeds you check. The catch is where. Sometimes it's a business paper in another language. Sometimes it's a token sale that goes live on X. Fundable reads all of it.

Sometimes the round breaks in another language. Young Platform, one of Italy's crypto exchanges, pulled in a €22.5M round led by the asset-management group Azimut. It ran across the Italian business press, Milano Finanza and StartupItalia, and barely registered in US crypto feeds. Fundable had it as a deal the day it broke.

Sometimes the raise isn't a press release, it's a token sale on-chain. Credible, a Solana payments startup backed by Circle and Colosseum, opened a community raise on MetaDAO, announced in a post on X and reshared by Solana. It pulled in over $32M of commitments against a $4M cap, more than 10x oversubscribed. The whole thing ran in crypto-native channels, not the mainstream outlets most people check. Fundable logged it as a deal the day it posted.

Different languages, different corners of the internet, same result: Fundable reads thousands of sources across every region and pulls them into one place as real-time data. You see the round the hour it breaks, flowing straight into your sourcing or outbound workflow via API, MCP, or the site.

tryfundable.ai

M&A Announcements

• CoinMarketCap acquires crypto derivatives data platform CoinGlass (CT)

Launches

• Aave adds Coinbase tokenized stocks (TB)

• Ethena starts rollout for USDe on Binance (TB)

• Coincheck launches crypto CFDs (FM)

Regulation

• SEC clarifies token buybacks and staking (TD)

• Kalshi loses in Ohio and Tennessee over betting laws (TB)

• EBA floats stablecoin restrictions for EU firms (TD)

• OG.com seeks CFTC approval for perps (CT)

Cybersecurity

• Circle and Tether freeze hacker wallet after heist (CD)

• Magic Eden warns old NFTs are exposed to exploit (DC)

• Duelbits co-founder reports $7M hack (TD)

• SlowMist yet to confirm crypto theft from Safari attack (CT)

Extra Reads

• The IRS now gets a form showing how much crypto you sold, but not what you paid for it, which means the agency can see your proceeds while you're left to prove your actual gains, a mismatch that's turned this filing season into a mess - Here's why crypto tax forms became a nightmare

• No quantum computer capable of cracking Bitcoin exists yet, and "Q-Day" is still hypothetical, but three developments show the defense effort shifting from theory to logistics as researchers race to be ready before the threat arrives - Here's the three ways researchers are trying to fix Bitcoin's quantum problem

Chart of the Day

Hyperliquid leads on revenue by a wide margin

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.