Good Morning,

Here's a quick preview of today’s content: Stand With Crypto to vet 2026 candidates on crypto positions, Crypto.com adds Google Pay in UK, Monad's $105M airdrop underwhelms, China is third largest mining hub with 14% share, Arthur Hayes say $80K BTC was bottom, and so much more

Happy Tuesday - Let’s dive in.

Market Snapshot

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• Bitcoin rallied as the US dollar strengthened, clearing $89,000 after a Trump-Xi call boosted sentiment, up +10% from Friday’s lows

  • BTC ETF trading volume hit a record $40B, led by BlackRock’s IBIT

  • XRP jumped +8% as Franklin Templeton and Grayscale ETFs began trading

  • 80% of SOL’s circulating supply is now held at a loss as crypto markets remain fragile

• Global crypto ETPs saw $1.9B in weekly outflows - the third-worst run since 2018

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

• Binance founder CZ accused of facilitating payments to Hamas (FM)

• JPMorgan ends banking ties with Strike CEO (DC)

• ECB doubles down on warning that stablecoins pose risks (CD)

• Arthur Hayes say $80K BTC was bottom (CT)

• Franklin Templeton debuts XRPZ ETF (TB)

• Deutsche says Bitcoin’s rout exposes fragile market (CD)

• Citi says Bitcoin ETF outflows have reached $4B (CD)

• Strategy pauses Bitcoin accumulation last week (CD)

• China is third largest mining hub with 14% share (CD)

• Monad's $105M airdrop underwhelms (DC)

• CME crypto futures volume hits record 795K (CD)

• Pump.fun’s massive $436M ‘cash-out’ turns heads (CT)

• Buterin and crypto users say X’s new feature raises privacy concerns (CT)

• Hyperliquid’s $314M unlock fuels calls for clarity (CT)

• Prediction market Myriad hits $100M milestone (DC)

• Crypto market mood lifted as Amazon pours $50B into AI (CD)

• BitMine shares stop bleeding on $195M Ethereum buy (DC)

• Rumble gains after Tether boosts stake by 1M shares (CD)

• Ondo Finance purchases $25M YLDS (CT)

• BTCC reports 146% reserve ratio in November (CD)

Venture Capital

• Global neobank Revolut completes a share sale that values the private company at $75B led by investors including Coatue, Greenoaks, Dragoneer, Fidelity, and more (DC)

• Enlivex Therapeutics, a biopharma company, plans $212M raise through a PIPE to build a Rain token DAT strategy (TB)

• Brevan Howard offers $25M 'refund right' for its Berachain investment (TB)

M&A Announcements

• Upbit operator Dunamu and payments provider Naver Financial to vote on merger worth $13.8B (DC)

• Crypto wallet firm Exodus Movement purchases W3C Corp, the parent company of crypto payment firms Baanx and Monavate for $175M (CD)

Launches

• Monad mainnet launches with 50% of token supply locked (TB)

• Crypto.com adds Google Pay in UK (FM)

• SGX’s crypto perpetual futures go live (FM)

• Thailand's Bitkub crypto exchange mulls Hong Kong IPO (TB)

• Magma staking goes live on Monad mainnet (TB)

• Ubisoft unveils game powered by generative AI (DC)

Regulation

• Trump signs executive order for AI to supercharge innovation (DC)

• Japan's asset managers mull crypto investment offerings ahead of rule changes (TB)

• Stand With Crypto to vet 2026 candidates on crypto positions (CT)

• SEC clears Fuse token in win for crypto ‘regulatory clarity’ (DC)

• Japanese watchdog to require exchanges to hold liability reserves (CT)

• Animoca Brands wins Abu Dhabi approval to operate fund (CD)

Cybersecurity

• Home invasion, sexual assault, and $1.6M theft results in 7-year sentence (BM)

• NPM supply-chain attack compromises major ENS and crypto libraries (CT)

Extra Reads

• Blockchain is being pulled between traditional finance and its decentralized ethos as the industry shifts to serve institutional products - Here’s why blockchain is struggling to hold on to its purpose

• Bitcoin analyst James Check argued Bitcoin’s quantum risk is chiefly a consensus dilemma - not a tech one - because the network is unlikely to freeze legacy coins - Here’s why quantum computers won’t break Bitcoin’s code

Chart of the Day

Bitcoin open interest sees sharpest drop since 2022

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.