Good Morning,

Here's a quick preview of today’s content: Three men jailed for posing as police in $5.3M crypto fraud, ECB warns stablecoins drain bank deposits, OKX launches tokenized stocks, Tokenization becomes priority for 84% of firms, Regulators miss GENIUS deadline for stablecoin rule, 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 (7/3/25), Gannon’s Crypto Portfolio is up +3.4% Gannon’s AI Fund is up +49.2%

• Bitcoin stalls around $64,000 as a new US strike on Iran and Trump's China charge add to uncertainty

  • Risk-off wave drags BTC lower as the AI selloff spreads from stocks to crypto, with ETH falling twice as hard

  • Long-term holders keep selling at a loss, though ETFs add $368M

  • Tokenized stock lending TVL reaches $23M as DEX volume climbs

Prediction Markets

• Bettors on Polymarket are predicting Solana price in July?

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

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

• FTX distributes $900M to creditors in payout (TB)

• Sen. Warren requests reporting for Trump’s crypto earnings (CT)

• Michael Saylor says blockchain clean up plan is bad idea (CD)

• Regulators miss GENIUS deadline for stablecoin rule (TB)

• Bank of America taps leaders to bridge crypto and finance (TB)

• Taiwan sentences exchange ringleader in $39M fraud case (TB)

• Galaxy signs naming rights deal with Texas Tech (DC)

• Tokenization becomes priority for 84% of firms (CD)

• Cardano moves to decentralize development (DC)

• Trezor pushes back on ZachXBT claim of hardware wallets (TB)

• Crypto derivatives reach AI ahead of CME and ICE futures (TB)

• Bitcoin miner Foundry asks miners to vote on soft fork (BM)

• Dutch court declares Knaken bankrupt (CT)

• Bitcoin Japan taps EVO Fund to buy bitcoin (TB)

Venture Capital

• TargonCompute, a mining hardware startup, raises $10.5M led by Digital Currency Group and OSS Capital (X)

Access the complete VC deal flow on Fundable.

M&A Announcements

• SBI Holdings completes acquisition of crypto platform Coinhako (TB)

Launches

• OKX launches tokenized stocks (TD)

Regulation

• ECB warns stablecoins drain bank deposits (DC)

• France orders internet providers to block Polymarket (TB)

Cybersecurity

• Dunamu faces sanctions eight months after $30M hack (TB)

• Three men jailed for posing as police in $5.3M crypto fraud (DC)

• Kaspersky identifies malware targeting crypto (CT)

Extra Reads

• No company issues bitcoin, so it's a commodity, but the agency that oversees it can't fully police the market where it actually trades - Here's who regulates crypto, and who doesn't

• One is bigger and more profitable; the other is audited and publicly traded, but the choice between the two largest stablecoins is really a choice between scale and scrutiny - Here's how USDT and USDC compare

Chart of the Day

Sen. Lummis called for the Clarity Act to be passed 91 times in the last 6 months

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.