Cartier Crypto Crime

US court sentences Cartier descendant to 8 years in $470M crypto laundering case

Good Morning,

Here's a quick preview of today’s content: Meta launches stablecoin creator payouts, Canada pushes for ban on crypto ATMs, Hong Kong warns of fake tokens posing as stablecoin, Eric Trump says bitcoin is in its 'greatest period ever', Most crypto investors believe Bitcoin is undervalued, and so much more

Happy Thursday - Let’s dive in.

Market Snapshot

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  • Bitcoin dips under $76,000 as Fed holds rates citing 'uncertainty' in Middle East

    • ETH down -7% on the week as ETF outflows top $350M over two days

    • BTC realized losses spike to $6B after UAE's OPEC exit triggers sell-off

    • Crypto stocks lead stock rout, with HOOD dipping on Q1 miss

  • Polymarket hits $25.7B March volume as prediction market activity tops $25B monthly

Prediction Markets

  • Bettors on Polymarket are predicting how many Fed rate cuts in 2026?

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

Headline Roundup
The major headlines driving crypto markets

  • White House weighs reinstating Anthropic for federal use (DC)

  • Celsius founder banned from crypto industry in $10M settlement (DC)

  • US court sentences Cartier descendant to 8 years in $470M crypto laundering case (TB)

  • Eric Trump says bitcoin is in its 'greatest period ever' (CD)

  • Meta launches stablecoin creator payouts (DC)

  • Twenty One Capital surges after Tether proposes 3-way merger (CD)

  • First prediction market ETFs could launch next week (TB)

  • Tether stakeholder gave Farage $6.7M amid funding scrutiny (DC)

  • First central bank to test bitcoin says asset is ‘too risky’ (CD)

  • Steak ‘n Shake says Bitcoin payments cut costs by 50% (BM)

  • Most crypto investors believe Bitcoin is undervalued (CT)

  • Polymarket denies data breach as hacker sells public data (CT)

  • Hyperliquid prepares for new way to trade real events (CD)

  • Bitcoin loans unlock homeownership for new generation (BM)

  • Computershare taps Securitize to tokenize company stocks (DC)

  • Stable Sea taps WisdomTree for tokenized Treasury access (TB)

  • Ripple and OKX expand RLUSD access (TB)

  • RealOpen and TRON verify $9.4M for crypto real estate (CT)

  • KuCoin EU hires anti-money laundering talent (CD)

  • Ethereum whale moves $23M after 10-year dormancy (TB)

Venture Capital

  • Fintech firm Fence raises $20M led by Galaxy Ventures (CD)

  • Crypto exchange Bullish invests $19M into DeFi protocol Mezo (TD)

  • Squads, known for its Solana protocol, raises $18M led by Solana Ventures, with Coinbase Ventures and others participating (TB)

  • Belo, a crypto wallet, raises $14M led by Tether with participation from Titan Fund, TheVentureCity, Mindset Ventures and G2 (CD)

  • NUVA Digital, a RWA marketplace, raises $5.2M led by Morgan Creek Digital (LI)

Access the complete VC deal flow on Fundable.

M&A Announcements

  • Exchange MoonPay acquires crypto manager Sodot in an all-stock deal (DC)

Launches

  • Visa adds five networks to its stablecoin settlement (DC)

  • OKX rolls out Agent Payments Protocol (TB)

  • Labor Department launches AI apprenticeship portal (DC)

  • Mezo unveils bitcoin yield vaults (CD)

  • Kustodia launches smart contract escrow (CT)

Regulation

  • Key senator pushes for vote on Clarity Act (DC)

  • Canada pushes for ban on crypto ATMs (DC)

  • Czech central bank makes case for bitcoin in reserves (TB)

Cybersecurity

  • ZetaChain identifies messaging loophole as root of exploit (TB)

  • Hong Kong warns of fake tokens posing as stablecoin (TB)

  • SWEAT protocol thwarts multi-million dollar exploit (TB)

Extra Reads

Chart of the Day

Bitcoin trading volumes fall to their lowest levels since Oct 2023

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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.