Good Morning,

Here's a quick preview of today’s content: Crypto crime escalates with kidnappings and human coercion, Minnesota bans prediction markets and gets sued, Men arrested for entering Punch the Monkey’s home to promote meme coin, 10% of Americans used crypto in 2025, Former FTX execs launch AI trading platform, and so much more

Happy Wednesday - Let’s dive in.

Market Snapshot

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• Bitcoin slides below $77,000 as ETF exodus tops $1B with record $649M single-day outflows

  • BTC slide extends as rate-hike probability signals structural cracks

  • XRP and SOL funds attract inflows with heavy liquidations

  • Stablecoin supply tops $300B as tokenized equities daily volume hits $3.57B

• Crypto IPO boom stalls as AI frenzy reshapes tech markets amid

Prediction Markets

• Bettors on Polymarket are predicting Nothing Ever Happens: May?

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

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

• Polymarket deepens push to allow bets on value of startups (BBG)

• Gary Gensler's poster child for crypto compliance executes first trade (DC)

• Trump orders review of crypto firm access to payment rails (CD)

• Men arrested for entering Punch the Monkey’s home to promote meme coin (DC)

• Elizabeth Warren calls crypto bank charters illegal (DC)

• Former FTX execs launch AI trading platform (BBG)

• JPMorgan says ether and altcoins won't catch up to bitcoin (CD)

• Zerohash pursues funding after Mastercard drops investment (CD)

• WLFI treasury AI Financial posts $271M loss (TB)

• Strive stacks another 382 BTC (BM)

• 10% of Americans used crypto in 2025 (CT)

• Solana co-founder backs new perps DEX (TD)

• Pump.fun accounts for over one-third of Solana’s revenue (CT)

• Wall Street analysts increasingly value crypto firms (TB)

• Bitget integrates Kraken-backed xStocks (CT)

• Canaan posts $88.7M net loss (TB)

• Wintermute enters DeFi vault space with Armitage (TB)

• Tor Project leads Web3 crowdfunding (CT)

Venture Capital

• Pluang, an investment platform, raises $10M led by MUFG Innovation Partners (FN)

• Stablecoin startup Checker raises $8M from Galaxy Ventures (TB)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Deloitte acqui-hires crypto infrastructure firm Blocknative (TB)

Launches

• Ostium offers equity perpetuals by Nasdaq (CD)

• Former BNY exec launches NUVA (CD)

• Lolli launches bitcoin cashback on purchases (TB)

Regulation

• Minnesota bans prediction markets and gets sued (DC)

• Japan pushes on-chain finance plan (DC)

Cybersecurity

• Crypto crime escalates with kidnappings and human coercion (BBG)

• DeFi platform Echo hit by $76M exploit (DC)

Extra Reads

• China holds the world's second-largest Bitcoin reserve, controls mining hardware supply chains, and is building payment systems to circumvent US sanctions - Here's why the US can't lose the Bitcoin race to China

Chart of the Day

Tokenized RWAs climb to nearly $31.4B

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

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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.