Good Morning,

Here's a quick preview of today’s content: Citi sounds alarm on scams flooding Ethereum network, South Korea probes disappearance of seized bitcoin, 21Shares DOGE ETF launches on Nasdaq, Nasdaq removes position limits on crypto ETFs, Coinbase creates board to study quantum computing, and so much more

Happy end of the week! - 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 +21.88%

• Crypto steadies as tariff jitters fade, but ETF outflows and supply overhang cap upside

  • BTC dipped below $89K before rebounding as Trump softened tariff rhetoric, reducing volatility

  • Spot BTC and ETH ETFs saw $1B in outflows despite calmer macro headlines

  • Altcoins lagged, with XRP down -19% from January highs and sentiment slipping back into “extreme fear”

• Stablecoin market cap hit a new peak, even as growth slowed and total crypto mcap eased -1% to $3.11T

Prediction Markets

• Bettors on Polymarket are predicting record crypto liquidation in 2026?

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

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

• US market structure bill faces weeks of delay (TB)

• Coinbase creates board to study quantum computing (DC)

• CZ in talks with governments on tokenization (CD)

• Kansas introduces bill to establish Bitcoin reserve (BM)

• Nasdaq removes position limits on crypto ETFs (CT)

• JPMorgan doubts Ethereum's activity surge will be sustained (TB)

• Elon Musk predicts AI will outpace human intelligence (DC)

• BlackRock-linked wallets move $430M to Coinbase Prime (CD)

• World Liberty partners with Spacecoin on satellite-powered DeFi (CD)

• Russia-linked stablecoin processes $100B before sanctions (CT)

• PwC says crypto adoption passed the ‘point of reversibility’ (TB)

• Base overtakes Ethereum and BNB in DEX volume for first time (TD)

• Circle CEO pegs 40% stablecoin growth as base case (TB)

• Optimism community begins vote on token buybacks (CD)

• Strive proposes $150M preferred stock sale (CD)

• AI hiring firm sued over secret scoring of applicants (DC)

• Space Protocol defends token sale amid backlash (TB)

• Natix brings DePIN data into self-driving AI (CT)

Venture Capital

• USD.AI, an onchain lending protocol, approves $500M loan facility for Sharon AI, an AI infrastructure provider (TB)

• Crypto startup Superstate raises $82.5M Series B round led by Bain Capital’s crypto division, Distributed Global, and others (DC)

• Bitcoin payments startup ZBD raises $40M Series C round led by Blockstream Capital (BM)

• Space Protocol, a leveraged prediction-market startup, raises $20M in an oversubscribed public token sale across thousands of investors (TB)

• River, a cross-chain stablecoin startup, secures $8M strategic investment from Tron founder Justin Sun (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Capital One agrees to acquire credit card fintech Brex for $5.15B (CD)

• Blockchain infrastructure firm Chainlink acquires transaction ordering solution Atlas IP (TB)

Launches

• BitGo debuts on NYSE with $18 shares (DC)

• 21Shares DOGE ETF launches on Nasdaq (DC)

• Bitwise debuts ETF pairing Bitcoin and gold (DC)

• Ondo puts BitGo stock onchain (CD)

• X rolls out ‘Starterpacks’ featuring crypto’s top posters (CT)

• Laser Digital introduces tokenized bitcoin yield fund (TB)

• Maple brings syrupUSDC to Base (CT)

• 'PGA Tour Rise' game launches on Base Network (DC)

• Zerion opens enterprise wallet data API (CD)

Regulation

• Senate Ag releases its version of crypto market structure (TB)

• South Korea probes disappearance of seized bitcoin (TB)

• Thailand introduces crypto ETF and futures trading (TB)

• Russia’s ruble stablecoin helps evade sanctions (CD)

• Tennessee city clears path for crypto mining (CT)

• Vietnam opens licensing window for trading platforms (CT)

Cybersecurity

• Citi sounds alarm on scams flooding Ethereum network (CD)

• Solana treasury blames sniper for suspicious coin trades (DC)

• Saga pauses EVM chain following smart contract exploit (TB)

Extra Reads

• Bitcoin’s 20-year quantum timeline collapses, as 25% of the Bitcoin supply sits in vulnerable addresses requiring urgent migration - Here’s why the quantum threat is already here

• Iran’s central bank accumulated hundreds of millions of dollars in USDT to conduct FX intervention and bypass international sanctions - Here’s how Iran bypassed sanctions to support its currency

Chart of the Day

More than $2B crypto longs liquidated over the past 4 days

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.