Good Morning,

Here's a quick preview of today’s content: Teens face felony charges after $66M crypto robbery attempt, Selloff sparks hedge fund speculation around ETFs, Search volume for crypto hovers near yearly low, Crypto-focused Erebor wins new bank charter, Justin Bieber’s $1.3M NFT is now worth $12K, 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 +3.3%

• Bitcoin surges back above $71,000, reclaiming almost all losses from Thursday's historic crash

  • BTC rallies from record dive below 200-day trend line, surpassing FTX and COVID-19 crash severity

  • XRP rockets +20% in wildest recovery among major tokens as Ripple teases upgrades

  • BlackRock Bitcoin ETF options see record activity during crash amid $700M liquidations

• Derivatives metrics remain soft despite rally as crypto-hoarding firms pose fresh market threat

Prediction Markets

• Bettors on Polymarket are predicting best AI model end of February?

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

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

• Co Founder of ‘ai.com’ spent $70M on the web domain and millions on a Super Bowl ad for the site to crash (X)

• Someone sent 2.565 BTC to Satoshi Nakamoto’s wallet (X)

• Crypto exchange mistakenly airdrops $40B of Bitcoin (BBG)

• Trump team’s Bitcoin reserve strategy takes a market beating (BBG)

• Selloff sparks hedge fund speculation around ETFs (TD)

• Crypto-focused Erebor wins new bank charter (CT)

• Dorsey’s Block cuts 10% of staff in efficiency push (BBG)

• Justin Bieber’s $1.3M NFT is now worth $12K (DC)

• Polymarket files for crypto token trademark (DC)

• Cathie Wood's Ark dumps Coinbase shares (DC)

• Cardano's Charles Hoskinson reveals $3B loss (CD)

• Saylor says Strategy will lead global effort against quantum threats (BM)

• Giannis Antetokounmpo becomes shareholder in Kalshi (TB)

• BlackRock's IBIT achieves record trading volumes (BL)

• Eligibility for 401k funds under fire after market rout (CD)

• Search volume for crypto hovers near yearly low (CT)

• Coinbase's crypto-backed loans notch record liquidations (DC)

• Miners IREN and CleanSpark slide after earnings misses (DC)

• Galaxy Digital approves $200M buyback (CD)

• MARA Holdings moves $87M in BTC (TB)

• Trend Research dumps over 400K ETH (CT)

• Metaplanet commits to accumulation as shares decline (CD)

• Bitfarms finalizes shift to AI (TB)

• Coinbase suspends 25 perps futures markets (BL)

• MegaETH uses revenue to fund token buybacks (TB)

• Bybit partners with Mercuryo for crypto transactions (FM)

Venture Capital

• Crypto payments platform Osl Pay raises $200M equity round from investors undisclosed (IL)

• Cross-chain bridge aggregator Relay raises $17M Series B led by Archetype and Union Square Ventures (BG)

• Decentralized comm startup Huddle01 raises $6.6M funding round from Hivemind, Longhash Ventures, Protocol Labs, and other investors (EGW)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Crypto.com CEO Kris Marszalek acquires the AI.com domain for $70M in crypto(TB)

• Memecoin launchpad Pump.fun acquires Vyper, a trading execution terminal (TB)

Launches

• Russia's largest bank issues crypto-backed loans (TB)

• Pudgy Penguins launch Valentine's Day pop-up (DC)

Regulation

• Senator Lummis urges banks to embrace stablecoins (DC)

• Skinny master account proposal draws clash from banks (TB)

• CFTC expands stablecoin criteria to national trust banks (CT)

• China formalizes ban on yuan stablecoins (DC)

• ECB urges EU to avoid legal delay on digital euro (BBG)

• Vietnam taxes crypto with trading levy (CT)

• Japan's crypto industry faces test ahead of election (DC)

• South Africa warns on risk of stablecoin use (BBG)

Cybersecurity

• Teens face felony charges after $66M crypto robbery attempt (TB)

• Crypto giant Tether aids Turkey in billion dollar crackdown (BBG)

Extra Reads

• The Justice Department's release of millions of files related to Jeffrey Epstein has unearthed some wild Bitcoin and crypto stories - Here’s the most surprising crypto stories in the Epstein files

• Crypto’s “wild west” era for companies is ending as DATs enter a new phase of normalcy - Here’s why DATs are the next big business trend

Chart of the Day

Leverage trading liquidated over $4B in the past 5 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.