Good Morning,

Here's a quick preview of today’s content: UK man who hacked celebrity accounts for Bitcoin scam fined, White House reviews IRS rule to tax foreign crypto accounts, Grayscale poised to debut Dogecoin ETF, Trump’s Maldives hotel will be a tokenized real estate project, Bitcoin's mined supply crosses 95% of cap, and so much more

Happy Tuesday - 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 +38.42%

• Crypto markets sink as outflows spike

  • Crypto ETPs saw $2B in outflows, the largest weekly drop since February

  • Bitcoin fell below $91K, hitting six-month lows and sliding -27% from October’s peak

  • US BTC ETF AUM fell only -4%

  • ETH dropped under $3,000 to a four-month low

• Crypto on track to be one of the worst-performing asset classes of 2025 as liquidity and sentiment deteriorate

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

• Harvard triples Bitcoin ETF stake, makes it largest public holding (BM)

• Michael Saylor's Strategy buys another 8,178 BTC for $836M (TB)

• BlackRock's Bitcoin ETF sheds record $463M (DC)

• Bitcoin's mined supply crosses 95% of cap (TB)

• Gambler liquidated for $168M after shorting crypto plunge (CD)

• Trump’s Maldives hotel will be a tokenized real estate project (CD)

• Binance to invest $4B in America if it gets a refund after CZ pardon (CS)

• Corporate buying stirs debate over Bitcoin’s decentralization (CT)

• PayPal stablecoin supply jumps 22% (TD)

• Survey of AI founders predicts Perplexity most likely to fail (DC)

• Adam Back says Bitcoin faces no quantum risk for next 20-40 years (CT)

• Coinbase's Monad public token sale starts hot then fizzles (TB)

• CZ’s lawyer denies Binance co-founder’s pardon was ‘pay-to-play’ (CT)

• SOL Strategies provides staking services for VanEck's SOL ETF (TB)

• BitMine Immersion buys $173M Ether (CD)

• UBS and Ant test blockchain to break bottleneck in global treasury flows (CT)

• Bitcoin miner HIVE reports 'record' revenue (TB)

• BTC treasury KindlyMD extends collapse after earnings delay (DC)

• DappRadar's platform announces shutdown (CT)

• Blockchain.com names co-CEO as it opens US headquarters (TB)

• TD Cowen sees upside for Strategy shares despite mNAV dip (TB)

• BTC Inc appoints Brandon Green as CEO (BM)

• Sharps Technology sinks to record low after quarterly filing (TB)

Venture Capital

• Republic Technologies, a blockchain infrastructure firm, secures $100M convertible note facility to expand its Ether holdings (CT)

M&A Announcements

• Billionaire investor Stanley Druckenmiller discloses a $77M stake in Figure Technologies, a blockchain-focused lending platform (CD)

Launches

• Grayscale poised to debut Dogecoin ETF (DC)

• Cboe launches perpetual-style BTC and ETH futures (TB)

• Stocks go 24/7 in new crypto betting markets with leverage (BBG)

• Hong Kong launches tokenized deposit pilot with real-value transactions (TB)

• Vitalik Buterin unveils Kohaku, a privacy-focused framework (TB)

• Figment, OpenTrade and Crypto.com offer stablecoin yield product (CD)

• SGX Derivatives debuts Bitcoin and Ether perp futures (CD)

• Aave rolls out retail crypto yield app on App Store (CD)

• Bybit launches LBTC on-chain earn party (CD)

• Aster launches stage 4 airdrop and trading competition (CD)

• 1inch introduces DeFi shared liquidity model 'Aqua' (TB)

• Infura expands decentralized infra network to EigenLayer (TD)

• Privacy protocol Zama gears up for mainnet launch (BL)

• Falcon Finance unveils new security framework for USDf (CD)

Regulation

• White House reviews IRS rule to tax foreign crypto accounts (DC)

• SEC Chair Atkins enters 12-month crypto and regulatory push (TB)

• Dutch governor warns stablecoin panic could upend ECB policy (CT)

• ECB’s Cipollone argues against a purely offline digital euro (BBG)

• Crypto firm LevelField secures Illinois approval to buy bank (BBG)

• Africa embraces stablecoins to unlock pan-continent trade tech (CD)

• Digital Chamber ramps up influence ahead of midterms (TB)

• Chat Control stumbles as EU retreats from mandatory scanning (CT)

Cybersecurity

• UK man who hacked celebrity accounts for Bitcoin scam ordered to pay $5M (DC)

• Investigative reporter group exposes crypto’s criminal financial system (CD)

• Global probe finds illicit crypto moving in patterns across major exchanges (DC)

Extra Reads

• As President Trump has championed crypto and the industry has gone mainstream, funds from scammers and other criminal groups have flowed onto major crypto exchanges - Here’s about the crypto industry’s $28B in ‘dirty money’

• Brazil isn’t buying Bitcoin for sovereign reserves, but instead, cities, corporates and B3 products are creating a regulated path to treasury use - Here’s why Brazil is using Bitcoin as a treasury asset

• Chinese state-sponsored hackers exploited Anthropic AI in the world’s first autonomous cyber-espionage campaign, proving that machine agents can now run sprawling digital attacks with only minimal human input - Here’s how Anthropic stopped AI agents working for Chinese spy campaign

Chart of the Day

The crypto market has erased more than $1.1T in value

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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.