Together with

Good Morning,

Here's a quick preview of today’s content: Ukraine busts crypto drainer ring moving $1M, Australia cracks down on crypto businesses, Standard Chartered brings crypto trading to Dubai, Revolut takes step toward becoming a bank, Bernie Sanders pushes to ban AI development, 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 (7/3/25), Gannon’s Crypto Portfolio is up +14.8% Gannon’s AI Fund is up +56%

• Bitcoin rallies over $81,000 as the Fed signals a rate pause, with $415M in shorts getting rekt

  • BTC ETFs rebound as ETH and XRP ETF inflow streaks end

  • Crypto market cap surges to $2.82T as ZEC leads the rally alongside stocks

  • Trading terminals post their first $1B day since January 2025

  • The BTC-gold correlation hits a six-year high as

Prediction Markets

• Can Indiana repeat?

• 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}}

• ChatGPT, Claude and Grok suffer outage (DC)

• Coinbase files to bring leverage stock bets to US (BBG)

• Bernie Sanders pushes to ban AI development (DC)

• Mamdani imposes moratorium on AI in schools (DC)

• CFTC asks judge to dismiss CME crypto lawsuit (DC)

• Polymarket launches perps with 20x leverage (TD)

• SoFi links network and stablecoin to Kraken (DC)

• Revolut takes step toward becoming a bank (TB)

• Tether sued over frozen ‘pig butcher’ coins (CT)

• Wyoming puts stablecoin reserves onchain (TD)

• BitMEX co-founder contributes to Reform UK’s donations (CT)

• Bitget in talks with BlackRock to fuel Asian distribution (CD)

• Catastrophe bonds may join tokenization rush (CD)

CONVERGENCE?

What’s really driving the SpaceX - Tesla merger odds?

Elon Musk has a long history of rolling up his companies. X.com and Paypal (2000), Solar City and Tesla (2016). xAI and X.com (2025) and SpaceX and xAI in February of this year.  

For nearly a decade Elon has insisted that there was “not a strong rationale” to merge Tesla with SpaceX. But in November we started to hear a different tune. “My companies are, surprisingly in some ways, trending towards convergence,” Elon posted in November of 2025. 

Will 2027 be the year of the Elon giga-merger? 

Read more at Polymarket Institutional Research -> 

Venture Capital

• Stablecoin payments startup Diameter Pay raises $10M co-led by CMT Digital and Lightspeed Faction (TB)

Access the complete VC deal flow on Fundable.

Launches

• Standard Chartered brings crypto trading to Dubai (CD)

• Bybit Pay expands crypto payments (CT)

Regulation

• Australia cracks down on crypto businesses (CD)

• Michigan judge bars Kalshi (DC)

Cybersecurity

• Ukraine busts crypto drainer ring moving $1M (DC)

• Coldcard hacker swaps stolen Bitcoin for ETH (CT)

Extra Reads

• Robinhood built its blockchain for tokenized stocks, but the app generating the most fees on it is a meme-coin factory that out-earned the entire network - Here's how a meme-coin app became Robinhood Chain's biggest earner

Chart of the Day

There’s now a record 1.9M on-chain tokenized equity holders

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.