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Here's a quick preview of today’s content: Teen crypto scammer steals $13M to splurge, Japan moves to regulate crypto like stocks, Citigroup offers tokenized shares of private companies, Microsoft president asks graduates to stop fearing AI, Singapore bank DBS offers tokenized gold, and so much more

Looking for an immediate 2x exposure to SpaceX? Check out SPCU, the Defiance 2X Long SpaceX ETF built to deliver 2x the daily performance of SpaceX stock. Debuts today with SpaceX.

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 +16.11% Gannon’s AI Fund is up +50.7%

• Bitcoin tops $63,000 as Trump cancels Iran strikes and signals yet another peace deal

  • BTC ETFs shed $2.1B in June so far as market selloff deepens despite the geopolitical relief

  • XRP transaction demand falls -91.5% as activity collapses across the network

  • Americans secretly drove $34B in offshore prediction market bets

• BTC climbs after Trump's Truth Social announcement canceling military strikes against Iran

Prediction Markets

• Bettors on Polymarket are predicting Solana price in June?

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

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

• SpaceX crypto traders bet on a $2.2T valuation (BBG)

• Ripple takes aim at Jamie Dimon over crypto bill criticism (DC)

• Whistleblower sues Elon Musk's xAI (DC)

• DOJ and CFTC open insider-trading probe on George Santos (TD)

• Michael Saylor and Jack Mallers go toe-to-toe over bitcoin reporting (CD)

• Microsoft president asks graduates to stop fearing AI (DC)

• Coinbase launches AI agent crypto trading (DC)

• Citigroup offers tokenized shares of private companies (TB)

• BlackRock files amendment for yield bitcoin ETF (TB)

• Brian Armstrong says Coinbase processes $1T in stablecoin payments (TD)

• Public companies add 43,557 BTC in May (BM)

• Tom Lee's Bitmine buys $41M of ETH (TB)

• Coinbase eyes World Cup boost as prediction markets surge (CT)

• Lawmakers seek federal response to crypto theft (CT)

• Nakamoto sells BTC (DC)

• Ondo hires Invesco ETF chief for onchain products (CD)

• Fidelity’s stablecoin taps Uniswap for liquidity (TD)

• LG Electronics pilots on-chain ad network (CT)

• MassPay taps Coinbase to expand payouts (CT)

A Message from Defiance ETFs

SpaceX hits the public market today. The biggest IPO in market history lands on Nasdaq under SPCX, and Defiance is right behind it.

Meet SPCU, the Defiance 2X Long SpaceX ETF, built to deliver 2X the daily performance of SpaceX stock. One ticker, double the daily move, for traders who want to lean into the moment with conviction. SPCU begins trading Monday.

Know what you are trading. SPCU is a leveraged single-stock ETF that resets daily. It is built for short-term tactical use, not buy and hold. This is the company behind Falcon, Starship, and Starlink, public for the first time. SPCU turns its daily move into a 2X trade in one ticker, with no options chain and no margin account required.

If you have been waiting years for a public market shot at SpaceX, today is the day the wait ends. SPCU lists Monday.

• Distributor: Foreside Fund Services

• An investment in SPCU is not a direct investment in SPCX.

Venture Capital

• Digital Asset, the creator of Canton blockchain, raises $355M led by a16z (BBG)

• Coincheck Group, a crypto platform, completes $65M investment from KDDI (PS)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Figure acquires real estate platform Kiavi for $717M (TB)

Launches

• Singapore bank DBS offers tokenized gold (CD)

• Bitso brings peso-backed stablecoin to XRP (CT)

Regulation

• Japan moves to regulate crypto like stocks (BBG)

• Bank group launches campaign targeting Clarity Act (TB)

• Banks say stablecoin rules should cover secondaries (DC)

• Hungary decriminalizes crypto trading (BBG)

Cybersecurity

• Authorities take down group that laundered $389M in BTC (DC)

• Bithumb CEO booked as suspect over bribery case (DC)

• Teen crypto scammer steals $13M to splurge (CT)

Extra Reads

• The industry loves to blame interfaces and confusing jargon for slow adoption, but the real barrier runs much deeper, without a shared compliance standard, banks won't trust it - Here's why crypto isn't ready for mainstream

Chart of the Day

Bitcoin demand falls to one of its weakest levels since 2019

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.