Good Morning,

Here's a quick preview of today’s content: Financial crime unit freezes $450M in illicit crypto funds, Bitwise Hyperliquid ETF starts trading on NYSE, Only 4% of US voters consider crypto in candidate choice, CME sets date for Nasdaq crypto index futures, Crypto billionaire joins investors making risky Venezuela bet, 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 +16.11% Gannon’s AI Fund is up +50.7%

• Bitcoin surges +3% past $82,000 as Senate advances Clarity Act, lifting COIN over +8%

  • BTC ETFs bleed $630M in largest daily exit since January

  • SOL drops -5% and altcoins slide as Xi warns Trump on Taiwan conflict

  • XRP edges higher while ETH and DOGE slip

• Crypto rallies on Senate committee markup but retreats on geopolitical tensions

Prediction Markets

• Bettors on Polymarket are predicting what price will Ethereum hit in May?

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

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

• Crypto billionaire joins investors making risky Venezuela bet (BBG)

• OpenAI confirms security breach linked to AI malware (DC)

• Senate committee advances crypto market bill (TB)

• Law firm sued for $525M over role in FTX collapse (CT)

• Nakamoto's stock hits new low after posting $239M loss (DC)

• Crypto exchange Bullish reports $604.9M loss (TB)

• JPMorgan says ether and altcoins could keep underperforming bitcoin (TB)

• UK politician Farage buys $1.8M house with crypto gift (CT)

• CME sets date for Nasdaq crypto index futures (TB)

• JPMorgan lifts Bitcoin ETF exposure in Q1 (CT)

• Dartmouth endowment invests in Solana ETF (CT)

• Kraken migrates wrapped bitcoin tech to Chainlink (DC)

• Dune cuts 25% of staff (TB)

• Only 4% of US voters consider crypto in candidate choice (CT)

• BitGo doubles revenue to $3.8B (TB)

• Coinbase becomes Hyperliquid's USDC deployer (TB)

• DeFi Development Corp reports 108% growth in SOL (TB)

• Lido selects Chainlink for cross-chain expansion (TD)

• Tezos tests post-quantum privacy (DC)

• NFL All Day stops issuing NFTs (DC)

Venture Capital

• Winklevosses invest $100M in battered Gemini exchange (BBG)

• Stablecoin neobank Fasset raises $51M from SBI Group, Investcorp and Arz Portföy (CD)

• Bitcoin firm Onramp raises $12.5M led by Early Riders (BM)

• Crypto infrastructure Turnkey raises $12.5M backed by Circle Ventures and Sequoia Capital (CD)

• Crypto exchange Ouinex raises $3.5M from its retail and professional traders (TE)

Access the complete VC deal flow on Fundable.

Launches

• Bitwise Hyperliquid ETF starts trading on NYSE (TB)

• Strive unveils dividend payments (DC)

• CoinList expands into tokenized asset distribution (TB)

• Ethena's token launches on Solana (TD)

• Upshift rolls out new vault platform (TB)

Regulation

• Bank of England softens stablecoin plans (DC)

• CFTC issues no-action letter on prediction markets (TB)

Cybersecurity

• Financial crime unit freezes $450M in illicit crypto funds (DC)

• Apple M5 exploited with Anthropic's Mythos (DC)

• ZachXBT alleges insider control of LAB token (TB)

Extra Reads

• Regardless of how much Clarity Act restricts stablecoin rewards, companies will invent different ways to incentivize users, argue supporters of the fiat-pegged tokens - Here’s why stablecoin backers see incentives as inevitable

• Tokenization has been the narrative of 2026, and executing is trickier, but proponents say the benefits are massive if they pull it off - Here’s why Wall Street is racing to tokenize the entire market

Chart of the Day

Ethereum hits 3-week high in realized profits

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.