Good Morning,

Here's a quick preview of today’s content: Spanish crypto influencer detained on fraud charges, Japan’s largest banks get greenlight for stablecoin trial, Ledger considers New York IPO, Majority of hedge funds now exposed to crypto assets, Pope Leo presses tech leaders on AI that respects human dignity, 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 (7/7/25), Gannon’s Crypto Portfolio is up +36.10%

• Crypto markets stabilize as Bitcoin ETF outflows ease

  • Spot BTC ETFs snapped a six-day outflow streak with $240M in inflows, though funds have still shed over $2.1B in assets since launch

  • SOL extended its monthly decline to -29%, while privacy coin ZEC continued its historic run, nearing an 8-year high

  • Crypto prices ticked higher, trimming weekly losses after President Trump announced a proposed ‘tariff dividend’ for Americans

• Dip buyers cautiously returned across majors, helping the market regain footing after a volatile week

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

• JPMorgan boosts Bitcoin ETF holdings by 64% (BM)

• Trump brothers' American Bitcoin boosts BTC holdings to $415M (DC)

• Pope Leo presses tech leaders on AI that respects human dignity - see his full statements here

• Ledger considers New York IPO or fundraise (TB)

• Coinbase, Block, Robinhood highlight dismal week for crypto stocks (CT)

• Cathie Wood lowers Bitcoin 2030 target to $1.2M (BM)

• Majority of hedge funds now exposed to crypto assets (CT)

• Tether buys the dip with $97M BTC purchase (DC)

• Microsoft apologizes to Australian users on AI pricing (DC)

• Ark Invest buys BitMine ETH treasury shares (DC)

• CZ says he was surprised by Trump pardon (CT)

• MEV bot trial ends in mistrial after jury deadlock on brothers’ verdict (CT)

• Study finds a quarter of Polymarket volume may be wash trading (DC)

• Ethereum network gas fees drop to 0.067 (CT)

• Bitcoin miner IREN posts record first-quarter earnings (CD)

• New crypto group aims to make unified standards for blockchain transactions (CT)

• Bitcoin miner hashprice nears $40 (CT)

• Ripple rejects IPO plans despite SEC case victory (CT)

• LayerZero token surges after $10M buyback (TD)

• Stable pauses deposits after pre-deposit vault mishap (TD)

• Ex-Alameda co-founder's crypto trading firm winds down funds (CD)

• Bitcoin education initiative ends El Salvador program (CT)

• Ledger blocks access to educational blog pages for UK users (CS)

• K3 Capital threatens legal action against Elixir over deUSD depeg (BL)

• Roundtable announces Aly Madhavji as new CFO (BM)

Venture Capital

• Strategy raises $715M through sale of 7.75M shares of 10% Series A Perp Stream Preferred Stock (CD)

• Crypto startup Commonware raises $25M in funding led by Tempo, a payments-focused blockchain (CT)

Launches

• Bitwise amends its Dogecoin ETF filing (DC)

• Mantle unveils stock tokens (BL)

• DeFiLlama launches LlamaAI (BL)

• Web3 firm Immunefi plans ICO (TD)

• Anchorage Digital opens pathways into Bitcoin-native DeFi (CD)

• Ethena season 4 rewards go live (TD)

• Bitcoin education project, My First Bitcoin, goes global (BM)

• Cardsmiths releases its Currency trading card set (DC)

Regulation

• Pakistan mulls rupee-backed stablecoin (CT)

• CFTC chair confirms push to launch leveraged spot crypto trading on exchanges (TB)

• US Fed's Miran says policy needs to adjust to stablecoin boom (CD)

• Japan’s largest banks get greenlight for stablecoin trial (DC)

• Kazakhstan plans $1B crypto reserve (CT)

• Seoul considers sanctions on North Korea following US crypto crackdown (DC)

• EU considers delaying AI Act rollout amid US pressure (CT)

• Italian banks back digital euro but urge ECB to spread out costs (CT)

Cybersecurity

• Convicted Russian crypto scammer and his wife found murdered in UAE (CS)

• Spanish crypto influencer detained on $300M fraud and laundering charges (TB)

• Crypto tracing leads to arrest in global child abuse network takedown (DC)

• Google threat report links AI malware to DPRK crypto theft (DC)

• Balancer makes last appeal to hacker behind $100M exploit (CT)

Extra Reads

• Wall Street’s appetite for crypto is stronger than ever, and despite record levels of institutional investment, most firms are still trading off-chain - Wall Street is bought in on crypto’s potential, but not its tech

• Dollar-backed stablecoins reinforce US currency dominance while democratizing finance in developing nations, countering China's debt-trap diplomacy - Here's how stablecoins strengthen the dollar and empower the developing world

Chart of the Day

Bitcoin whales bought 30,000 BTC worth $3B last week

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.