Together with

Good Morning,

Here's a quick preview of today’s content: Canadian man extradited over plot to hijack supercomputer, Greece approves 10% crypto tax, Amundi tokenizes equity index fund, Fed and OCC quiz banks after Binance hack, Trump Media moves $342M in bitcoin to Crypto.com, and so much more

Transform your sleep for the better with Eight Sleep, technology trusted by the likes of Mark Zuckerberg, Elon Musk, and Lewis Hamilton.

Friday’s here - 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 +14.4% Gannon’s AI Fund is up +46.6%

• Bitcoin crashes over -5% to a 7-week low as a collapsing AI trade drags stocks sharply lower

  • BTC erases its post-election rally as the Nasdaq tumbles into correction, triggering over $1B in crypto liquidations on Wall Street’s worst day since April 2025

  • Crypto market value fell -6.8% over 24 hours as ETH sank -7%

  • BTC and ETH ETFs draw $128M before the tech rout wiped out leveraged longs

  • Bitcoin miners are oversold following a -35% October rout

Prediction Markets

• Which men’s college basketball team is winning the natty 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}}

• Democrats push for crypto bil (DC)

• DOJ creates task force to guard against AI abuse (DC)

• Trump Media moves $342M in bitcoin to Crypto.com (CD)

• Fed and OCC quiz banks after Binance hack (BM)

• Trump-linked crypto firm plans token buyback (BBG)

• Eric Trump's American Bitcoin swings $126M profit (TB)

• Binance hack funds flow to Chinese launderers (BBG)

• Hollywood Studios bans staff from prediction markets (DC)

• California tribes win order against Kalshi (TD)

• IREN's bitcoin mining revenue drops 58% (TB)

• Google could take stake in TeraWulf’s $19B AI project (CD)

• Core Scientific quits bitcoin mining year-end (CT)

• Hyperliquid files to become FCM (TB)

• Ark Invest buys more Coinbase (TB)

• Anchorage Digital seeks swap dealer registration (TB)

• Payward and its clients buy AAVE tokens (CD)

• Keel sells entire treasury for $192M (BM)

• Base deploys upgrade on mainnet (TB)

A Message from Eight Sleep

Exceptional sleep. Without exception.

Viral sleep-tech Eight Sleep raised $100M from the likes of Elon Musk and F1 driver Charles Leclerc and its about time you check it out.

Using clinically-proven technology, their new Pod 6:

• Cools your bed up to 20ºF below room temperature

• Detects and reduces snoring by 45%

• Increases daytime energy levels by up to 34%

...and altogether reimagines what sleep should truly feel like.

The Pod fits on every bed, includes sensors to track your health, elevates automatically to adjust breathing, and cools and warms throughout the night to dramatically improve sleep quality.

Titans like Mark Zuckerberg, Lewis Hamilton, and Aaron Judge swear by the Pod...and so do I.

Head to eightsleep.com/lit and use code LIT to get $500 off your new Pod 6.

Transform your sleep tonight

Venture Capital

• Standard Chartered and Japan’s SBI Group invest in crypto insurer Soter Insure (CD)

Access the complete VC deal flow on Fundable.

Launches

• Amundi tokenizes equity index fund (CT)

• Samsung Wallet adds USDC (DC)

• Solana Labs’ Leap launches mobile app (DC)

Regulation

• Arkansas sues Kalshi (DC)

• Greece approves 10% crypto tax (BM)

• Hong Kong passes crypto tax reporting law (CD)

• South Korea delays 22% crypto tax (BM)

• Ukraine’s central bank opposes crypto bill (CD)

Cybersecurity

• Canadian man extradited over plot to hijack supercomputer (DC)

• Hackers pay $15 to drain $2.5B from Binance (BBG)

• Mercado Bitcoin hack continues hours after containment (CD)

• Asian crypto exchange hacks surge (CT)

• Binance and Polymarket seek hard fork to recover $6.8M (CT)

Extra Reads

• Most of crypto runs on the software an OpenAI system just found 948 ways to break into, yet security experts argue the industry is better placed than most to survive it - Here’s why crypto may be more resilient to AI-scale hacking

Chart of the Day

Less than 10% of stablecoins and tokenized assets are deposited in DeFi

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.