Good Morning,

Here's a quick preview of today’s content: Crypto investor turns $50M into $36K in botched move, Authorities freeze $3.5M in crypto as DOJ disrupts network, SEC's advisory group backs tokenized securities push, BlackRock debuts staked ether ETF, Prosecutors move to block Sam Bankman-Fried's request for retrial, 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 +4.77%

• Bitcoin slips below $69,500 as tanker attacks send oil back above $100 and stocks tumble

  • BTC and ETH hold steady as crypto markets decouple from stocks despite escalating Iran war

  • BTC selling intensifies across all wallet sizes despite price resilience

  • BNB overtakes ETH and Base by number of AI agents as crypto infrastructure evolves

• JPMorgan notes sharp flow divergence between BTC and gold ETFs since Iran war began

Prediction Markets

• Bettors on Polymarket are predicting WBC Winner 2026?

• Track and trade live odds on any event, only on Polymarket

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

• President Trump hosts exclusive event for meme coin holders (DC)

• JPMorgan sued for enabling $328M crypto ponzi scheme (DC)

• Trump's crypto advisor says stablecoins will drive global deposits (TB)

• Prosecutors move to block Sam Bankman-Fried's request for retrial (TB)

• Senate passes CBDC ban attached to bipartisan bill (DC)

• Crypto investor turns $50M into $36K in botched move (CD)

• Federal judge dismisses Binance terrorism lawsuit in Alabama (TB)

• Singapore jails man over $6.9M crypto theft (DC)

• Former Petronas head of oil puts the crude market on blockchain (CD)

• Tether investments chief steps down after leading deals spree (BBG)

• Cathie Wood says quantum computing is a long-term risk (CD)

• Strategy buys over 4,000 BTC via STRC (BM)

• Corporate Bitcoin holdings hit record high (BM)

• Metaplanet deepens strategy with $25M investment plan (DC)

• Stablecoins have increasing relevance in illicit Amazon gold trade (DC)

• Pump.fun becomes Solana's first $1B revenue platform (TB)

• HMRC explores crypto forensic tools for tax probes (TB)

• TON cancels Dubai event over safety concerns in UAE (TB)

• Wallet provider Exodus reports $11M in net loss (TB)

• Anchorage Digital ties in Puffer for Ether restaking (CT)

• Optimism team lays off 20 employees amid scaling shifts (DC)

• MoonPay X Games athletes offered stablecoin bonus (DC)

Venture Capital

• Blockchain and AI firm Eightco raises $125M from BitMine and Ark Invest (DC)

• Crypto accounting firm Cryptio raises $45M from BlackFin Capital Partners and Sentinel Global (CD)

• Fintech startup VeryAI raises $10M seed round led by Polychain Capital (CT)

• Bitcoin infrastructure startup Ark Labs secures $5.2M from Tether and Anchorage Digital (DC)

Access the complete VC deal flow on Fundable.

Launches

• BlackRock debuts staked ether ETF (CD)

• Grayscale debuts Avalanche staking ETF on Nasdaq (TB)

• Lido rolls outs first stablecoin vault (TB)

• Exchange GRVT targets post-June token launch (TB)

Regulation

• CFTC to set rules for prediction markets (TB)

• SEC's advisory group backs tokenized securities push (CD)

• Policy group calls for Bitcoin inclusion in tax exemption (BM)

• Kalshi sues Iowa for risk of enforcement action (TB)

• Utah set to block prediction markets (CT)

• Bank of England to revise stablecoin caps (TB)

• South Korea plans to use AI for crypto tax enforcement (CT)

Cybersecurity

• Authorities freeze $3.5M in crypto as DOJ disrupts network (DC)

• Thai SEC pursues crypto promoter as investors claim $40M losses (FM)

• Chinese fraud victims challenge UK plan for 61K seized Bitcoin (CT)

• Hackers hijack Bonk.fun domain and deploy wallet drainer (DC)

Extra Reads

• Bitcoin has seen a modest gain since the start of the Iran conflict, even as bonds and stocks have struggled - Here’s why Bitcoin is rising while equities struggle

• Ray Dalio argues Bitcoin cannot replace gold as a store of value, citing central bank demand, market maturity and Bitcoin’s risk-asset behavior - Here’s why Ray Dalio says Bitcoin can’t replace gold

Chart of the Day

Bitcoin supply in loss climbs toward 40-45%

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.