Good Morning,

Here's a quick preview of today’s content: Wallet linked to hacked LuBian mining pool moves $1.1B BTC after three years of inactivity, Coinbase adds BNB to its listing roadmap, Sony files for a crypto banking charter to issue stablecoins, Citi raises its projection for stablecoin issuance to $1.9T, and so much more

Happy Thursday - 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 +47.43%

• BTC and ETH ETFs turn positive with $340M in combined inflows as Fed Chair Powell hints further rate cuts before year-end

  • Bitcoin and Ethereum stabilize, with BTC trading above $112,000 and ETH near $4,100

  • Stablecoin supply jumps +72% to nearly $300B, led by Ethereum and Solana

• The two-week government shutdown has delayed key economic data releases, echoing a past shutdown that aligned with Bitcoin’s bear market bottom

Market Predictions

• Bettors on Kalshi are predicting which video games will release this year?

• Trade your predictions on a range of events, only on Kalshi

• Sign up with code LIT and get a $20 bonus when you trade $100

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

• OCC grants preliminary approval to Erebor Bank, a Palmer Luckey & Peter Thiel-backed startup focusing on crypto an AI (TB)

• Former TD Ameritrade chair predicts all assets will be tokenized within five years (DC)

• Eric Trump confirms plans to tokenize a new real estate project (CD)

• SBF claims Biden administration targeted him over GOP donations (TB)

• Binance claims it 'does not profit' from its token listing process (TB)

• Sony Bank files for a crypto banking charter to issue stablecoins (DC)

• Citi raises its projection for stablecoin issuance to $1.9T by 2030 (BW)

• China Merchants Bank tokenizes $3.8B money market fund on BNB Chain (CT)

• Coinbase introduces ‘The Blue Carpet’, adds BNB to its listing roadmap (CD)

• Paxos mints, then burns $300T in PayPal stablecoins (DC)

• Public companies holding Bitcoin see a 40% surge in Q3 (DC)

• TD Cowen says on-chain assets could reach $100T by 2030 (TB)

• IB William Blair predicts stablecoins will replace legacy cross-border B2B payment systems (CD)

• 48 new Bitcoin treasuries pop up in 3 months (CT)

• Top 25 Solana validators control 45.5% of all stake (FM)

• Cloudflare partners with Visa, Mastercard, and Amex to build authentication standards for commerce (TB)

• ETHZilla executes 1-for-10 reverse stock split to help boost price of ETHZ shares (TB)

• Thumzup Media explores potential DOGE rewards integration (TB)

• NFT market suffers $1.2B loss to market cap during crypto crash (CT)

• Ethereum Foundation deposits $15M to crypto lending platform Morpho (BL)

• Zeta Network partners with Solv Bitcoin to build out $230M BTC and SolvBTC treasury (TB)

Venture Capital

• Coinbase makes a fresh investment in India’s CoinDCX, expanding in South Asia and the Middle East (DC)

• Zeta Network enhances its financial position with a $231M private placement utilizing a Bitcoin-backed asset (CD)

• Ethereum life insurance startup Anthea raises $22M in a Series A led by Yunfeng Financial Group (PL)

• Crunch Lab, a decentralized network for businesses to leverage ML and AI expertise, raises $5M led by Galaxy Ventures and Road Capital (PL)

M&A Announcements

• BlackRock, Nvidia, xAI and Microsoft form a consortium to acquire Aligned Data Centers for $40B (CD)

Launches

• Polymarket launches up/down equity markets letting users bet on stock prices (TB)

• Cross-chain versions of Tether’s stablecoin and gold token launch on Solana (TB)

• French bank ODDO BHF launches a euro-backed stablecoin called EUROD (CD)

• Ripple partners with South Africa’s Absa Bank to expand crypto custody services (CT)

• Backpack adds SEC-registered US equities into its trading venue (CD)

• Compass Coffee shop debuts first-ever Bitcoin payment in Washington, DC (BM)

• NBCUniversal and Aptos Labs launch Backlot Club, a web3 fan engagement platform (TB)

• Indian telecom Reliance Jio and Aptos launch blockchain-based rewards into its services (CD)

• Volatility Shares files to launch crypto ETFs (DC)

• Taiwanese stablecoin company OwlTing commences trading on the Nasdaq (DC)

• MegaETH opens registration for an ICO (TD)

• Ethereum Layer 2 Ink launches white-label instance of Aave called Tydro (TB)

• SoloTex offers US retail traders tokenized stocks (CD)

• Nansen and Sanctum launch a liquid staking token on Solana (TD)

• Bybit expands its Tradfi to the web platform (CD)

• Ant Group launches Jovay, a new blockchain on Ethereum (CS)

• xMoney launches its native token on the Sui blockchain (CD)

Regulation

• SEC Chair Atkins charts pro-innovation path for crypto and tokenization regulation (TB)

• Ripple CEO says US won’t return to hostile crypto climate under former SEC Chair Gary Gensler (TB)

• UK Electoral Commission updates its approach to crypto-based political financing (DC)

Cybersecurity

• Wallet linked to hacked LuBian mining pool moves $1.1B BTC after three years of inactivity (CD)

• MIT brothers face trial in $25M Ethereum exploit (DC)

• North Korean hackers target crypto devs through open-source software hub (DC)

• UK aims to repay Chinese victims of $7B Bitcoin fraud (DC)

• 'Crypto King' kidnapper pleads guilty as co-defendants' trial delayed (DC)

• Dota 2 YouTube account briefly hacked to promote Solana meme coin (DC)

Extra Reads

• Numerous legal and policy questions linger around the massive $14B Bitcoin haul the US government seized from an alleged crypto scam operation - But will it go to a Strategic Reserve?

• Patterns, tools and indicators are key to making smarter crypto trading decisions, as they help spot trends and anticipate market moves with better insight - Here’s how to read crypto charts in 2025 (even if you’re a beginner)

• A deep dive into the three strategic models emerging in corporate Bitcoin treasury companies, from pure-play credit issuers to hybrid operators - Here’s 3 Bitcoin treasury models according to Saylor

Chart of the Day

Bitcoin’s 90-day correlation with US stocks sits high at 0.33

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.