Good Morning,

Here's a quick preview of today’s content: Ukrainian police arrest two in crypto extortion murder, Citadel asks SEC to regulate DeFi protocols, Binance unveils crypto savings account for kids, Strategy faces possible MSCI index removal, Chinese bank tokenizes $600M in yuan bonds, and so much more

Friday’s here - 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 +22.90%

• Crypto markets hold steady as BTC stays above $92K and XRP ETFs near $1B milestone

  • Bitcoin trades above $92K with “quiet strength” as exchange balances hit multi-year lows

  • XRP ETFs extend their record 13-day inflow streak

  • Solana ETFs see rare weakness as 21Shares’ TSOL posts a record $42M outflow

  • BTC has settled $6.9T in the past 90 days as top-20 tokens continue their broad recovery

• Market cap holds near $3.2T ahead of next week’s Fed decision

Prediction Markets

• Bettors on Polymarket are predicting nothing ever happens: December?

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

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

• BlackRock CEO Larry Fink admits he was wrong about Bitcoin (BM)

• Trump's American Bitcoin dips 40% after token lockup expires (TB)

• BlackRock's Bitcoin ETF secures top 10 ranking (CD)

• Big banks partner with Coinbase on crypto pilots (BBG)

• Reform UK gets largest donation ever from Tether (DC)

• Strategy faces possible MSCI index removal (CD)

• Peter Schiff says BTC can’t rival gold in debate with CZ (TB)

• Ark buys more Coinbase, Bullish and Robinhood shares (TB)

• Nvidia CEO tells Joe Rogan AI race is real (CD)

• Strategy raises its dividend (CD)

• Kalshi’s Luana Lopes becomes youngest female self-made billionaire (CD)

• Grayscale Chainlink ETF draws $41M on debut (CT)

• Yi He becomes Binance’s new co-CEO (CD)

• Ripple CEO expects Bitcoin to hit $180K (DC)

• BitMine adds $150M in ETH (TB)

• Kalshi inks exclusive CNBC deal (TB)

• Australian Bitcoin group challenges ABC News over coverage (DC)

• Polymarket users suspect insider trading (TD)

• Kraken and Deutsche Borse strike partnership (TB)

• American Bitcoin buys $34M BTC during November slump (TB)

• CZ teases BNB Chain native prediction market (CD)

• Data shows Indian users moving to broader crypto portfolios (CT)

• Chinese bank tokenizes $600M in yuan bonds (CT)

• Solana and Base now connected (DC)

• BlackRock’s BUIDL fund now eligible as collateral (TD)

• MoneyGram taps Fireblocks to handle stablecoin settlements (TB)

• Perp DEX trading volume doubles in two days (CD)

• Cardano devs approve an ADA treasury withdrawal (CD)

• Argentine energy firm weighs crypto payments for fuel (CT)

• Ethena’s synthetic USDe contracts sharply (CT)

• TON treasury files $420.69M meme shelf registration (TB)

• Aave deepens CoW integration with MEV-protected swaps (TB)

• Neopool reports $15M Bitcoin payouts in November (BM)

• Crypto treasuries lead recovery after slow December start (CT)

• Horeb Energy mines Bitcoin at 2.5¢/kWh (BM)

• Aave considers cutting ties with Sky's USDS (BL)

• Blockdaemon and VerifiedX join forces delivering self-custodial deFi (CD)

• Uphold files application to offer tokenized securities (CD)

• Kamino sparks outcry after blocking loan transfers (TD)

• Opera and Celo scale up stablecoin partnership (DC)

• Bybit taps Komainu offering 24/7 trading (CD)

• Crypto education group gets first director (CD)

• Cayman Islands Web3 foundations jump 70% (CT)

• KuMining elevates ecosystem with affiliate program (CD)

Venture Capital

• Crypto deals hit record $8.6B (BBG)

• IREN secures $3.6B in fresh capital, including $2B in new convertible notes and $1.6B from common stock sale (CD)

• Jane Street leads software infrastructure startup Antithesis’ $105M Series A as an investor and customer (CD)

• Stable and Theo commit $100M to ULTRA, a tokenized US fund managed by FundBridge Capital and Wellington Management (CD)

• Bitcoin protocol Portal to Bitcoin raises $25M in funding led by crypto lender JTSA Global (CT)

• Perpetuals protocol Ostium raises $24M in new funding, including a $20M Series A co-led by General Catalyst and Jump Crypto (CD)

• Former Citadel engineers raise $17M to launch Fin, a stablecoin payments app, led by Pantera Capital, Sequoia and Samsung Next (CT)

• Defi liquidity startup Zoo Finance raises $8M in funding led by Bitrise Capital, Signum Capital, and more (CP)

• Web3 RPG startup Tatakai raises $7M angel round backed by Tencent, Immutable, Yield Guide Games and METIS (GG)

• Quantitative yield protocol Axis raises $5M led by Galaxy Ventures to launch on-chain yield protocol (TB)

• AI startup TrueNorth raises $5M pre-seed, led by CyberFund with participation from Delphi Labs and others (CD)

• DeFi platform Altura raises $4M seed round from undisclosed investors (X)

• Web3 robotics startup XMAQUINA closes an undisclosed financing round led by Borderless Capital with participation from Waterdrip Capital, and more (BG)

• AnChain.AI, an AI-driven fraud-detection startup, closes an undisclosed strategic investment round led by Cris Conde, Emmanuel Vallod, and Amino Capital (YH)

• Digital Asset, the blockchain firm behind Canton Network, receives strategic backing from BNY, Nasdaq, iCapital and S&P Global (CD)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Parataxis Holdings acquires data security company Sinsiway for $27M and transforms it into an ETH treasury (CD)

• Crypto treasury ETHZilla acquires 20% stake in automotive-finance AI startup Karus (CT)

• Solana treasury Solmate and veteran crypto venture and infrastructure firm RockawayX announce plans for an all-stock merger (TB)

Launches

• Polymarket opens US app to users (TB)

• Anthropic starts IPO prep ahead of possible debut (DC)

• Franklin Templeton launches Solana ETF (TB)

• Binance unveils crypto savings account for kids (DC)

• Twenty One to begin trading on NYSE (DC)

• Western Union reveals ‘stable card’ (TD)

• VTB opens Russia’s first Bitcoin trading desk (BM)

• Fanatics launches prediction market with Crypto.com (TB)

• Ethereum’s Fusaka upgrade lands (BW)

• Taiwan’s first regulated stablecoin debuts next year (CD)

• Ex-bank execs launch blockchain-powered bank (CD)

• Kraken extends tokenized trading 24/7 (FM)

• Former Binance.US CEO launches stablecoin platform (CT)

• Plume debuts RWA yield Nest Vaults (CD)

• Perps DEX Lighter rolls out spot trading (TB)

• KuCoin introduces Lite Mode to simplify trading (CD)

• Entrée Capital introduces $300M fund (CD)

• FX vet Larbi's crypto exchange goes live (FM)

• Zerebro founder unveils Solana coin (DC)

• Axelar unveils AgentFlux bringing AI on-chain (CD)

• Solana Mobile launches SKR token soon (TB)

• Alien launches app verifying users without retaining data (DC)

• Firelight introduces XRP staking protocol (CD)

• Solana’s Drift launches v3 (CD)

• Babylon adds native Bitcoin-backed lending (CD)

• Further and 3iQ launch fund compounding returns in Bitcoin (CT)

• Startale launches dollar stablecoin on Soneium (CD)

• Supra unveils Hydrangea++ (CD)

• iAero protocol launches token sweeper (CD)

Regulation

• CFTC gives green light to spot crypto trading (DC)

• UK passes law recognizing crypto as property (CD)

• Leveraged crypto ETF applications on hold after warnings (DC)

• Citadel asks SEC to regulate DeFi protocols (TB)

• IMF warns stablecoins stifle central bank control (DC)

• Gensler calls most crypto ‘highly speculative’ (CT)

• Italy launches review of crypto safeguards (BM)

• Georgia eyes on-chain property rights and tokenization (CT)

• Colombia gets crypto access through Kraken (FM)

• Connecticut orders Kalshi, Robinhood, Crypto.com to cease sports betting (CD)

• SEC approves a 2x leveraged SUI ETF (CT)

• EU plan boosts ESMA powers over crypto (CT)

• Bitcoin Policy Institute calls for Samourai pardon (CT)

Cybersecurity

• Bitcoin miners hunted after stealing $1B electricity from Malaysia (BBG)

• Thailand busts $8.6M Bitcoin mining operation (DC)

• Ukrainian police arrest two in crypto extortion murder (DC)

• Gunmen steal $85K in Trinidad crypto ambush (DC)

• Bitcoin ATM ordered to return $8M to customers (DC)

• Crypto holders now primary targets for violent gangs (CS)

• Anthropic AI agents shatter smart contract security (CS)

• Ledger finds phone chip vulnerable to unpatchable attacks (DC)

• EigenPhi reveals sandwich attacks on Ethereum waned (CT)

• Pepe memecoin website exploited (CT)

Extra Reads

• Tether’s rapid gold accumulation in Q3 2025 surpassed many national banks, which reflects Tether’s strategy to build gold reserves - Here’s why Tether is buying more gold than central banks

• The crypto industry in Japan is poised for a surge in growth among retail investors, as the government plans to introduce a moderate 20% tax - Here’s how Japan’s crypto tax could wake ‘sleeping giant’ of retail investors

Chart of the Day

Over 95.03% of the total Bitcoin supply has been issued

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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.