Good Morning,

Here's a quick preview of today’s content: China executes eleven members of crime family linked to scams, SEC clarifies rules for tokenized stocks, 21Shares launches Solana staking ETP, World Liberty’s USD1 tops $5B market cap, Senators press AG Blanche on crypto conflicts of interest, and so much more

Friday’s here - Let’s dive in.

Market Snapshot

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• Altcoins sink as bitcoin breaks support, liquidations spike

  • BTC fell near $84K to a 2026 low, triggering $1B in liquidations amid a tech-led risk-off move

  • Altcoins underperformed: DOGE (-7%), XRP (-5%), ADA and SOL at multi-year lows

  • ETH exchange supply fell as staking grew; XRP whale wallets increased

  • Gold reversed from record highs, while over half of BTC holders are underwater

• Crypto stocks and volumes sank, with derivatives signaling caution and fragile market structure

Prediction Markets

• Bettors on Polymarket are predicting US government shutdown Saturday?

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

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

• Crypto bill clears Senate despite Democrat opposition (CD)

• Five years after the GameStop saga, Robinhood CEO wants tokenized stocks to trade onchain 24/7 (TB)

• China executes eleven members of crime family linked to crypto scams (DC)

• CFTC and SEC join forces on 'Project Crypto' (TB)

• UAE approves USD-backed stablecoin (TB)

• CFTC drops prediction markets ban proposal (FM)

• Ethereum's oldest crisis reborn as $220M security fund (DC)

• US finalizes $400M forfeiture tied to darknet (DC)

• Senators press AG Blanche on crypto conflicts of interest (TB)

• Wall Street sees potential obstacles in prediction markets (BBG)

• Crypto custody firm Copper in talks for IPO (CD)

• Tokenization firm Securitize reports 841% growth (CD)

• Metal liquidations spike on Hyperliquid (DC)

• Stablecoin growth stalls after October shock (TB)

• Treasury firm Bit Digital ends mining operations (TB)

• Crypto firm BCB Group appoints new CEO (CD)

• DePIN data firm pushes to keep Web3 files online (DC)

• World Liberty’s USD1 tops $5B market cap (DC)

Venture Capital

• Robinhood invests in crypto trading platform Talos at $1.5B valuation (CD)

• Crypto firm OSL Group raises $200M equity financing (CT)

• Bitcoin treasury Metaplanet raises $137M via 24.5M shares and 1-year warrants (DC)

• Swiss crypto bank Sygnum and Starboard Digital raise $65M for BTC Alpha Fund (CD)

• Crypto VC firm Escape Velocity raises $62M from founders across crypto-native sectors (CT)

• DeFi platform Flying Tulip raises $25.5M through private token round from Amber Group, Fasanara Digital, and Paper Ventures (TB)

• Blockchain startup Startale Labs raises $13M Series A investment from Sony Ventures (TB)

Access the complete VC deal flow on Fundable.

Launches

• 21Shares launches Solana staking ETP (TB)

• Bybit launches feature for fiat crypto transfers (DC)

• KuCoin rolls out MiCA crypto platform (FM)

• Story Protocol and OpenLedger launch AI training standard (TD)

• Brave launches Web3 gaming “vault heist” (DC)

• Hang Seng debuts gold ETF (TB)

• Augur releases infrastructure to fight manipulation (TD)

Regulation

• SEC clarifies rules for tokenized stocks (DC)

• Australia fines Qoin Wallet $14M for unlicensed activity (DC)

• UK Lords launch stablecoin inquiry (CT)

• Russia rolls out crypto framework (TB)

• South Korea tightens crypto licensing rules (CT)

Cybersecurity

• Investors accuse Cere Network of $100M fraud scheme (CD)

• AI-enabled scams rise 500% (CT)

Extra Reads

• Gold and other hard assets are rallying on dollar weakness, but bitcoin is lagging as markets continue to treat it as a liquidity-sensitive risk asset - Here’s why the weaker dollar fails to spur bitcoin gains

• A year after issuing an open letter to the incoming Trump administration, crypto law experts reflect on their regulatory advice - Here’s America’s progress toward becoming the crypto capital

Chart of the Day

Gold outperforming Bitcoin on a 5-year basis

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.