Together with

Good Morning,

Here's a quick preview of today’s content: DOJ charges 10 foreign nationals over wash trading scheme, France debuts Europe’s first onchain stock market, Trump admin backs prediction markets with lawsuits, VC firm Paradigm mulls prediction market trading terminal, Metaplanet becomes third largest bitcoin treasury, and so much more

Happy Monday - 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 +0.73%

• Bitcoin slides below $67,000 as Trump pledges to hit Iran 'extremely hard' and oil surges

  • BTC holders face $600B in unrealized losses with dollar targeting highest level since April 2025

  • ETH drops -4% as Ethereum's stablecoin dominance declines to 65% while other chains gain ground

  • Stablecoin supply reaches $315B in Q1

• Markets briefly trim losses as Iran signals cooperation on key shipping route before tumbling again

Prediction Markets

• Bettors on Polymarket are predicting anything happening in April?

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

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

• Elon Musk’s SpaceX files confidentially for $1.75T IPO (DC)

• Jamie Dimon signals JPMorgan entry into prediction markets (CD)

• Bitcoin gets first bond rating as Moody's grades New Hampshire deal (DC)

• Coinbase wins conditional approval for trust charter (BBG)

• CFTC resolves case against ex-FTX engineering Chief Singh (BBG)

• Anthropic files to create PAC amid clash with Trump admin (DC)

• VC firm Paradigm mulls prediction market trading terminal (TB)

• Jack Dorsey says AI should replace the middle manager (CD)

• CZ says crypto can survive quantum with protocol upgrades (TD)

• Bitcoin miner MARA slashes 15% of workforce (DC)

• Bitcoin miner Riot sells over $250M of BTC (DC)

• Metaplanet becomes third largest bitcoin treasury (DC)

• Ethereum Foundation stakes another $93M ether (TB)

• BlackRock files for Bitcoin premium income ETF (BM)

• Citadel-backed EDX seeks national trust bank charter (TB)

• Polymarket inks deal with soccer league LaLiga (DC)

• FIFA inks prediction market deal with ADI Predictstreet (DC)

• Bithumb exchange stretches IPO timeline to 2028 (TB)

• Crypto super PAC names Tether exec chairman (TB)

• Caltech researchers project quantum computer feasible by 2030 (TD)

• Polymarket taps Pyth to resolve equity markets (TB)

• Decentralized email service Dmail shuts down (DC)

A Message from Polymarket

What Smart Money Knows

Polymarket is the world's largest prediction market, with a 90%+ accurate track record on interest rates, corporate earnings, and geopolitical risks.

When you read The Oracle by Polymarket, you'll learn to think like the top 0.1% of forecasters on Polymarket; traders who stop at nothing to develop unique insights on the news.

The Oracle takes you inside their unusual playbooks.

What's Inside:

🔮 TILTED: How 'Betwick' lost 70% of his nankroll and climbed Back to $800k

> Read it here 

Venture Capital

• Bitcoin miner Cango secures $65M investment from company leadership and $10M from financing agreement (TB)

• Latitude, a payments infrastructure, raises $8M led by NEA with participation from Lightspeed Faction (PS)

• Stablecoin card platform Kulipa raises $6.2M co-led by Flourish Ventures and 1kx (TB)

• Uniblock, a blockchain infrastructure, raises $5.2M from investors including SBI, AllianceDAO, CoinSwitch Ventures and more (PN)

Access the complete VC deal flow on Fundable.

M&A Announcements

• ChatGPT creator OpenAI acquires tech talk show TBPN (BL)

• Asset manager Franklin Templeton acquires 250 Digital to build out its own crypto wing (DC)

• South Korean brokerage KIS reviews potential stake in crypto exchange Coinone (CT)

• Bitcoin miner Soluna acquires $53M wind farm (CT)

Launches

• Charles Schwab gears up to offer crypto trading (DC)

• Coinbase links with Linux to launch x402 Foundation (DC)

• France debuts Europe’s first onchain stock market (CD)

• SoFi launches platform combining fiat and crypto (TB)

• CoinShares begins trading on Nasdaq (DC)

• Three altcoins launch leveraged crypto ETFs (DC)

• Ripple launches treasury management system (DC)

• BitGo launches stablecoin minting (TB)

• eToro rolls out crypto trading in New York (TB)

• Telegram Wallet rolls out in-app futures trading (TB)

Regulation

• Trump admin backs prediction markets with lawsuits (DC)

• Fed says stablecoins need tighter controls to stop money laundering (DC)

• IMF warns tokenized finance risks amplifying market crisis ahead (BBG)

• CFTC says agency is ready to oversee entire crypto market (CT)

• Nevada judge extends Kalshi ban (TB)

Cybersecurity

• Drift links $280M exploit to six-month North Korean operation (TB)

• DOJ charges 10 foreign nationals over wash trading scheme (DC)

• Cambodia extradites crypto scam kingpin to China (DC)

• ZachXBT accuses Circle of freezes across $420M in illicit funds (TB)

• Elon Musk's X makes changes to combat crypto scams (DC)

• Attorney's Office recovers $600K in crypto fraud scheme (DC)

Extra Reads

• Two papers published have reignited debates about the risk posed by “Q-day” to the cryptography that underpins crypto - Here’s the quantum threat dividing crypto

• President Trump nominated Kevin Warsh to lead the Fed, but the financier’s plans to lower interest rates may come up against hard economic realities and a split board - Who is Kevin Warsh?

Chart of the Day

44% of Bitcoin's circulating supply is held at a loss

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.