Good Morning,

Here's a quick preview of today’s content: Betterment customer data accessed in crypto scam attack, Senator Lummis offers DeFi protections bill, World Liberty Financial launches crypto lending platform, Chair Atkins says it’s unclear if the US will seize Venezuela’s Bitcoin, and so much more

Happy Tuesday - Let’s dive in.

Market Snapshot

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• Crypto trades sideways as ETF outflows mount and macro uncertainty rises

  • BTC stalled below $92K, fading early gains with bears defending resistance around $94K

  • Bitcoin and ETH ETFs gave back nearly all early-2026 gains as weekly crypto ETP outflows hit $454M

  • Political risk added noise: Trump–Powell tensions and DOJ/Fed uncertainty drove intraday whipsaws in BTC, the dollar, and Nasdaq futures

• Despite the lack of follow-through, total crypto market cap held near $3.2T, slightly higher on the day

Prediction Markets

• Bettors on Polymarket are predicting J Pow federally charged by June 30?

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

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

• Former NYC Mayor Eric Adams launches a memecoin that hits $580M in market cap before crashing -80% in a matter of minutes (DC)

• Markup of crypto market bill pushed to late January (DC)

• Chair Atkins says it’s unclear if the US will seize Venezuela’s Bitcoin (CT)

• Crypto YouTube views sink to lowest level since 2021 (CT)

• Strategy spends $1.2B on Bitcoin (DC)

• Sen. Warren presses SEC over crypto risk (DC)

• Tom Lee's BitMine buys $76M in Ethereum (DC)

• Satoshi-era whale moves $180M in BTC (DC)

• Standard Chartered prepares crypto prime brokerage push (TB)

• South Korea seeks cap on corporate crypto investments (TB)

• Charles Hoskinson slams Trump’s crypto policy (CD)

• Standard Chartered says '2026 will be the year of Ethereum' (TB)

• SEC delays PENGU and T. Rowe crypto ETFs (CT)

• Treasury firms linked to Adam Back sign agreement to combine (CD)

Venture Capital

• BitGo aims to raise $201M in IPO targeting $1.85B valuation (CD)

• VelaFi, a stablecoin financial infrastructure, raises $20M in Series B funding round led by XVC and Ikuyo (CD)

• Decentralized perp exchange Trove Markets raises $11.5M in public token sale to community participants (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Bakkt agrees to acquire stablecoin infrastructure provider DTR (FM)

Launches

• World Liberty Financial launches crypto lending platform (DC)

• Sharps Technology taps Coinbase to launch validator (TB)

• KRAKacquisition files to go public on Nasdaq (TB)

Regulation

• Senator Lummis offers DeFi protections bill (CD)

• CFTC Chair Selig unveils innovation committee (TB)

• Coinbase reconsiders support for market structure bill (TB)

• India tightens crypto rules to fight money laundering (CD)

• Dubai bans privacy token use on exchanges (CD)

Cybersecurity

• Betterment customer data accessed in crypto scam attack (BBG)

• OKX founder defends asset freezes after user admits buying KYC accounts (CT)

• Tether freezes $182M in USDT (TB)

Extra Reads

• From record onchain volumes to geopolitics-driven crypto crime, 2025 structurally shifted how regulators and institutions engaged with crypto, with stablecoins at the center - Here’s why 2025 reshaped crypto’s regulatory reality

Chart of the Day

Crypto YouTube viewership plunges to 5-year lows

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.