Good Morning,

Here's a quick preview of today’s content: Visa launches 'stablecoins advisory practice’, UK regulates crypto like financial products, BlackRock expands crypto bet with 7 senior hires, Strategy adds nearly a billion in Bitcoin, and so much more

Happy Tuesday - 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 (7/7/25), Gannon’s Crypto Portfolio is up +21.76%

• Crypto markets slide as Bitcoin breaks $90K and fear returns

  • BTC fell below $86K, with year-end profit-taking and macro uncertainty pressuring risk assets

  • Liquidations spiked, with $200M wiped out in an hour and over $500M across the market

  • Sentiment deteriorated as the Fear & Greed Index returned to extreme fear and active BTC addresses hit a 1-year low

  • ETH, SOL, ADA and memecoins slid as traders reduced risk exposure

• Despite price weakness, crypto ETPs logged a third straight week of inflows (+$864M), led by XRP ETFs extending a 30-day inflow streak

Prediction Markets

• Bettors on Polymarket are predicting Solana all time high before 2026?

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

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

• Trump considers pardon for Samourai Wallet co-founder (BM)

• JPMorgan taps Ethereum for tokenized fund (DC)

• Strategy adds nearly a billion in Bitcoin (DC)

• BitMine adds $320M ETH to treasury (DC)

• American Bitcoin flips ProCap in corporate BTC treasury race (CT)

• Bank of America says banks are heading for on-chain future (CD)

• BlackRock expands crypto bet with 7 senior hires (CD)

• Bitwise amends Hyperliquid ETF filing (TB)

• Quantum computing unlikely to impact crypto in 2026 (DC)

• Coinbase’s fintech pivot hits milestone (CD)

• Doha Bank issues $150M digital bond using Euroclear’s platform (CD)

• Bitget tests TradFi with gold and stock derivatives (CT)

• Strive hikes preferred share dividend rate (CD)

• Bitcoin miner IREN’s slide flagged as buying opportunity (CD)

• Strategy’s STRD credit spread tightens over past month (CD)

• Kula brings $50M impact investing on-chain (CD)

• DeFi model moves into sports finance with tokenized revenues (CD)

• SushiSwap approves SUSHI emissions boost (TD)

• TradeXYZ faces backlash after whale triggers liquidations (TD)

Venture Capital

• Trustyfy, a DeFi banking startup, raises $6.8M seed round led by Tokenee Select and the Sixth Society Angel Syndicate (FM)

• GeeFi, a DeFi platform building a DEX ecosystem, raises over $1.3M in a token presale from undisclosed investors (AI)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Anchorage Digital acquires Securitize For Advisors, a crypto platform for RIAs (CD)

• Circle, issuer of USDC stablecoin, acquires Interop Labs’ team members and technology (TB)

Launches

• Visa launches 'stablecoins advisory practice’ (TB)

• CME launches spot-quoted XRP and SOL futures (CD)

• MetaMask rolls out Bitcoin support (DC)

• PayPal launches PYUSD Savings Vault on Spark (TB)

• Ripple expands stablecoin to Ethereum networks (DC)

• Ondo Finance offers tokenized stocks and ETFs on Solana (CD)

• SBI and Startale launch regulated yen stablecoin (CD)

• Aster launches Shield Mode (CD)

• Gensyn launches token sale on Sonar (CD)

Regulation

• Senate punts crypto market structure bill to next year (CD)

• UK regulates crypto like financial products (TB)

• SEC eases up on 60% of crypto enforcement cases (CT)

• FSOC softens crypto stance in 2025 report (DC)

• SEC warns watchdogs need to be limited in tapping crypto's power (CD)

• UK Supreme Court shuts down $13B Bitcoin SV case appeal (CD)

Cybersecurity

• Do Kwon faces South Korean trial despite US sentence (DC)

• JavaScript exploit exposes crypto sites to wallet drainers (FM)

• AI helps researchers block virus before infection (DC)

Extra Reads

• Market net asset value is a metric that expresses the real-time economic value of a company’s Bitcoin reserves, as it adjusts the company’s holdings to the current market price of Bitcoin - Here’s an investor’s guide to valuing treasuries

• For more than a decade, Bitcoin’s largest holders have acted as the unseen forces behind many of the market’s biggest surges and deepest crashes - Here’s how whales move markets and signals to ignore

Chart of the Day

Crypto products log $864M in inflows for a third straight week

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.