FBI Busts $46M Crypto Hacker

FBI arrests suspect in $46M US Marshals crypto theft

Good Morning,

Here's a quick preview of today’s content: Sanctions evasions using crypto increase by 700%, Fed clarifies capital rules for tokenized securities, NYSE parent invests in OKX at $25B valuation, Coinbase CEO and execs face lawsuit over compliance failures, SEC and Justin Sun reach settlement over Tron lawsuit, and so much more

Friday’s here - Let’s dive in.

Market Snapshot

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  • Bitcoin holds around $71,000 as rally falters amid Iran turmoil and oil tanker attack

    • ETH, SOL, and XRP surge +8% on easing war fears before reversing -3% as investors turn cautious

    • ETH ETFs draw $169M, highest level in two months, while BTC ETFs extend two-week inflow streak

    • 38% of altcoins near all-time lows, as altcoin chatter sinks to 2-year low

  • Crypto stocks rally as Trump and regulators signal pro-crypto policy shift

Prediction Markets

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

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

Headline Roundup
The major headlines driving crypto markets

  • SEC and Justin Sun reach settlement over Tron lawsuit (DC)

  • FBI arrests suspect in $46M US Marshals crypto theft (DC)

  • X user claims $24M stolen in violent crypto attack (TB)

  • Coinbase CEO and execs face lawsuit over compliance failures (TB)

  • Crypto legislation stalls in clash over stablecoin yields (BM)

  • Anthropic reopens Pentagon talks as Trump pushed to drop risk tag (CT)

  • Fed clarifies capital rules for tokenized securities (TB)

  • Big Tech signs Trump pledge to cover their own AI costs (CT)

  • Iran crypto activity tops $3B as illicit transactions surge (DC)

  • SEC submits framework on applying securities laws to crypto (TB)

  • Trump-linked American Bitcoin pushes holdings to 6,500 BTC (TB)

  • More crypto firms likely to get Fed master accounts (TB)

  • Pudgy Penguins accused of trademark infringement by apparel brand (DC)

  • Canadian government and TD Bank pilot $100M bond issuance (TB)

  • Judge freezes BlockFills assets in dispute over 70 bitcoin (CD)

  • CleanSpark sells 97% of bitcoin production to fund AI pivot (CD)

  • SOL Strategies shares jump as firm posts network growth (TB)

  • IREN expands processing capacity by 50% (CD)

  • SoFi taps BitGo for stablecoin infrastructure (CT)

  • Aave Labs outlines security plan after $1.5M audit (TB)

  • Cardano's token now accepted in Switzerland supermarket (DC)

Venture Capital

  • Intercontinental Exchange, the parent company of the NYSE, invests in crypto exchange OKX at $25B valuation (DC)

  • Bitcoin miner Core Scientific secures $1B in financing from Morgan Stanley (DC)

  • Nigel Farage’s Reform UK secures $4M from Thailand-based crypto investor Christopher Harborne (CT)

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Launches

  • Kraken's xStocks launches liquidity layer for tokenized stocks (TB)

  • Ripple adds Coinbase crypto futures to its platform (CD)

  • Doppler token platform expands to Solana (TB)

  • BNB-based prediction market Opinion launches token (TD)

  • Solo Satoshi launches touchscreen Bitcoin miner (BM)

Regulation

  • Senator flags corruption concerns over Iran predictions markets (DC)

  • Fintech giant Revolut files for US banking license (TB)

  • IRS proposes mandated electronic delivery of crypto tax forms (TB)

  • Dubai regulator says KuCoin serves residents without approval (FM)

  • Russia proposes allowing brokers to obtain crypto licenses (FM)

Cybersecurity

  • Sanctions evasions using crypto increase by 700% (CD)

  • Solv Protocol exploit drains $2.7M from vault (TB)

  • Canadian robbed of crypto via ATM kiosk (DC)

  • Coinbase and Microsoft take down phishing service (CT)

  • Europol and FBI wipe cybercrime forum LeakBase off the web (CT)

Extra Reads

Chart of the Day

Bitcoin mining cost is $70,027 per BTC

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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.