Good Morning,

Here's a quick preview of today’s content: Yuga Labs rescues Ethereum NFTs from exploit, Crypto coalition presses Senate over Clarity Act, JPMorgan to launch tokenized deposit network, Strategy resumes buying Bitcoin after sale, Trump stablecoin wealth fueled by Binance relationship, 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 (7/3/25), Gannon’s Crypto Portfolio is up +8.73% Gannon’s AI Fund is up +55.29%

• Bitcoin reclaims $63,000 in oversold rally, liquidating $540M in crypto shorts

  • BTC ETFs bleed $1.7B in largest weekly outflow since Feb 2025

  • DOGE and SHIB dive -9% and HYPE falls -14% as AI trade unwinds

• Tokenized equities reach $5.5B fueled by SpaceX IPO access, while tokenized RWAs surge +600%

Prediction Markets

• Bettors on Polymarket are predicting Bitcoin price in June?

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

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

• Sam Bankman-Fried applies for Trump pardon (BBG)

• Trump stablecoin wealth fueled by Binance relationship (BBG)

• OpenAI confirms confidential IPO filing (DC)

• House committee prepares legislation for crypto tax structure (BBG)

• Strategy resumes buying Bitcoin after sale (BBG)

• Reform UK's Farage evades scrutiny over $6.7M gift (DC)

• Judge stays lawsuit seeking ownership of 40,000 wallets (TB)

• HTX delists Trump-linked USD (TB)

• CME says perpetual futures could be disaster (TB)

• Satoshi-era bitcoin moves after 14 years (CD)

• BitMine buys the dip adding $214M in ether (DC)

• JPMorgan says Strategy needs to rebuild dollar reserves (TB)

• Morgan Stanley lets clients lend crypto (TB)

• Strategy approves semi-monthly dividends (TB)

• Arthur Hayes dumps zcash holdings after vulnerability (CD)

• Kraken offers SpaceX IPO access (CT)

• Pump.fun bounty platform pays users to chase viral stunts (CT)

• Hong Kong taps JPMorgan and HSBC to scale tokenized bonds (TB)

• Forward Industries moves $32M in SOL (CT)

• Hyperion DeFi unwinds $29M in HYPE deals (TB)

• Amir Haleem steps down as CEO of Nova Labs (TD)

Venture Capital

• Crypto firm Bitmine raises $273.8M with investors not disclosed (PM)

• XEFFY, a Web3 platform, raises $20M backed by early investors (BG)

Access the complete VC deal flow on Fundable.

Launches

• JPMorgan to launch tokenized deposit network (TB)

• Bybit offers tokenized SpaceX IPO access (TB)

• MetaMask launches AI wallet (DC)

Regulation

• Crypto coalition presses Senate over Clarity Act (BM)

• FCA proposes funds allocate 10% to crypto ETNs (TB)

• Crypto tax in Illinois close to becoming law (CT)

• Hyperliquid hit by UK FCA warning (DC)

• Securitize clears SEC registration hurdle (TB)

Cybersecurity

• Bitcoin kidnapping and carjacking co-conspirator pleads guilty (TB)

• Yuga Labs rescues Ethereum NFTs from exploit (DC)

• South Korean police investigate Polymarket users (TB)

• Claude vulnerability lets attackers steal credentials (DC)

Extra Reads

• Tax-free staking rewards, a break on gas fees, and a two-year IRS amnesty window, Congress is finally taking up crypto taxes in a serious way - Here's what's inside Congress's new crypto bills

• Seven spot XRP ETFs are now live in the US, bringing one of crypto's most debated tokens into the same regulated wrapper as Bitcoin and Ethereum - Here's what an XRP ETF actually is

Chart of the Day

Hedge funds sell 31,400 BTC worth of ETFs in Q1

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.