Good Morning,

Here's a quick preview of today’s content: Treasury sanctions ex-olympian over crypto-fueled crime empire, US Senate banking chair eyes vote on crypto market bill next month, New Hampshire approves Bitcoin-backed municipal bond, Crypto leverage hits record high in Q3, New Bitcoin and crypto wallet scans your blood vessels, 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 +47.43%

• Markets remain broadly red as Bitcoin hovers just above last week’s lows as majors fall -2% - 4%

  • BTC holds near $90K after slumping to $88K, hitting a seven-month low as crypto-linked stocks crashed

  • ETH dropped -6%, falling back below the $3,000 level

• Total crypto market cap slips to $3.18T, with elevated selling pressure from short-term holders

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

• Abu Dhabi fund tripled Bitcoin bet months before crypto crash (BBG)

• BlackRock's BTC ETF posts record-setting outflows worth $523M (TB)

• New Bitcoin and crypto wallet scans your blood vessels (DC)

• Saudi real estate firm to tokenize Maldives Trump hotel (TB)

• BlackRock registers staked Ethereum trust (TD)

• US won’t start Bitcoin reserve until other countries do (CT)

• Bitwise CIO pushes back on bear market fears (TB)

• Coinbase code includes prediction market and stock-trading modules (TB)

• World Liberty Financial reallocates funds following security lapses (TB)

• Ark Invest stocks up on Coinbase and Circle shares (TB)

• Crypto leverage hits record high in Q3 (CD)

• Bitcoin mining stocks get boost on Nvidia's Q3 earnings (TB)

• Cloudflare blames database error for internet outage (CT)

• Strategy still on track for S&P 500 spot (CT)

• Bitcoin miner fees fall to 12-month low (TB)

• BNB treasury adds over $13M of token (TB)

• Bullish swings to profit in Q3 after adding options (CD)

• Winklevoss-backed Cypherpunk buys $18M Zcash (CD)

• Advocacy group proposes DeFi solutions to address poverty (CT)

• AlphaTON outlines TON treasury moves (TB)

• Taurus adds Kaiko pricing and liquidity feeds (TB)

• 1inch gives devs early access to shared liquidity protocol (DC)

• DeFi Nexus Mutual integrates restaking specialist Symbiotic (CD)

• Spark shelves crypto app to focus on infrastructure (CD)

• Bitrue to let users entrust crypto portfolios to AI (FM)

• Brink funds security audit of Bitcoin Core (BM)

M&A Announcements

• Apex Group, a financial-services provider, acquires London-based Globacap, an investing platform with a regulated broker-dealer (CD)

Launches

• Crypto exchange Kraken submits US IPO filing (CT)

• Coinbase debuts DEX trading in Brazil (CD)

• 21Shares debuts Solana ETF on CBOE (TB)

• New Hampshire approves Bitcoin-backed municipal bond (CT)

• XRP and Dogecoin ETFs to begin trading in coming days (DC)

• Hyperliquid unveils HIP-3 growth mode (CD)

• Aster drops ‘Machi mode’ to reward getting rekt (CT)

• HSBC brings tokenized deposits to US and UAE (CT)

• Opera's MiniPay launches stablecoin spend feature (CD)

• Mezo taps Anchorage Digital to bring BitcoinFi to market (BM)

• SafePal brings Hyperliquid perps to wallet (CD)

• Clapp Finance launches multi-collateral crypto credit line (CD)

• NEXPACE announces ecosystem fund (CD)

• Phemex launches $6M multi-venue festival (CD)

Regulation

• US Senate banking chair eyes vote on crypto market bill next month (TB)

• Senators warn Trump-linked crypto firm may pose security threat (CT)

• Prospective CFTC chair addresses DeFi regulation at hearing (CT)

• Kenya’s new crypto law faces test as Bitcoin ATMs appear (CT)

• Senate banking panel advances FDIC's Hill for confirmation vote (CD)

• US and UK revolt forces Basel to rethink crypto capital rules (CT)

• Bitget integration precedes Ondo’s approval for European tokenization (FM)

Cybersecurity

• Treasury sanctions ex-olympian over crypto-fueled crime empire (DC)

• Cancer diagnosis keeps man out of prison for 'AML Bitcoin' fraud scheme (DC)

• Malaysia uncovers $1B in power theft losses from illegal crypto mining (TB)

• Samourai Wallet co-founder sentenced for unlicensed money transmitting (CD)

• EU crackdown uncovers €47M in digital piracy payments (FM)

• WhatsApp worm targets Brazilian crypto wallets (CT)

• Finance watchdog to increase stablecoin scrutiny (BBG)

Extra Reads

• Years ago, a long government shutdown would have been seen as a crisis for traditional markets and an opportunity for crypto traders, but that tension framed the opening of a wide-ranging discussion about how much the crypto market has changed since - Here’s why crypto ETFs are entering a maturity phase

• The ECB is concerned that US dollar stablecoins could weaken its ability to affect policy, and European issuers have ideas about how this could be solved - Here’s how euro stablecoins could address EU’s dollar concerns

• Bitcoin miners are entering a period of new structural risk tied to power contracts, firmware systems, and hosting agreements as the industry approaches the new year - Here’s the biggest challenges facing Bitcoin miners going into 2026

Chart of the Day

95% of all Bitcoin bought in the last 155 days is now underwater

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.