Good Morning,

Here's a quick preview of today’s content: Crypto kiosk scams cost Texans $57M, Russia bans crypto mining in Moscow, SEC keeps Nasdaq bitcoin options on hold, Circle lands New York trust charter, Treasury sanctions Iranian firms taking crypto for Hormuz, and so much more

Happy Monday - 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 +7.1% Gannon’s AI Fund is up +48.7%

• Bitcoin slides below $64,000 in a week of volatile risk appetite, lagging a broad stock rally

  • BTC ETFs post $233M inflows to push the week back into the green, ending July positive despite late-month selling

  • Coinbase's Q2 miss splits Wall Street while tokenized stock trading surged +288% in July

  • Mining difficulty shrinks -14% as revenues force operators to pivot

Prediction Markets

• Bettors on Polymarket are predicting Ethereum price in August?

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

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

• Coldcard bitcoin exploit balloons to $88M (DC)

• Trump Media says $165M bitcoin transfer wasn't a sale (TB)

• Claude hacks three companies in internal testing (DC)

• Treasury sanctions Iranian firms taking crypto for Hormuz (DC)

• CZ calls for wallet diversification after Coldcard exploit (CD)

• Dubai crypto exchange tied to $4B Iran evasion network (CD)

• George Santos pays settlement over Kalshi bet (TB)

• Circle lands New York trust charter (DC)

• Tether steps up gold buying again as prices drop (BBG)

• Ex-FTX users report funds being released in $900M round (CT)

• Tether reports $1.5B Q2 profit (DC)

• Strategy holds dividend at 12% (CD)

• IBM says quantum nears commercial breakthrough (CD)

• BNB Chain sues former employee over memecoin (TB)

• Coinbase revenue from Base falls (TD)

• World Cup prediction market bets hit $20B (CD)

• Quantum Solutions and Hyperscale tap treasuries for data centers (CD)

• Pump.fun gives workers PUMP tokens and lays them off (CT)

• BIS Project Agorá settles $1M tokenized trials (CT)

• YGG Play shuts down services (TD)

Venture Capital

• tron, a decentralized AI network, raises $6.5M from Web3 investors Sigma Capital and Selini Capital (KC)

Access the complete VC deal flow on Fundable.

Launches

• XRP Ledger upgrade brings back old features (CD)

• Bybit adds tokenized stocks (CT)

• Uniswap launches 'Earn' with Morpho (TB)

• AMLBot launches blockchain investigations (CT)

Regulation

• SEC keeps Nasdaq bitcoin options on hold (TB)

• New York AG seeks $36B from Kalshi (DC)

• Senate Democrats propose anti-corruption bureau (TB)

• AI company sues town for blocking data center (DC)

• Russia bans crypto mining in Moscow (TB)

• Crypto PAC pours another $1M into Michigan (CT)

• Minnesota crypto ATM ban goes into effect (CT)

Cybersecurity

• Crypto kiosk scams cost Texans $57M (DC)

• Solana Foundation warns of AI crypto scams (CD)

Extra Reads

• Stablecoins are pitched as the future of moving money across borders, but of the roughly $35T that moved on them last year, less than 1% was actual payments - Here's where stablecoin cross-border payments stand

• Launching a tokenized asset is slow and legally complex; spinning up a new perp market is fast, and that gap is why synthetic markets are exploding while tokenization inches along - Here's why RWA perps will outpace tokenization

Chart of the Day

ETH supply in exchanges keeps dropping

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.