Good Morning,

Here's a quick preview of today’s content: Paxful must pay $4M over prostitution and money laundering charges, Lawmakers slam SEC chair for easing industry policing, Coinbase unveils wallets designed for AI agents, Tornado Cash dev added to FBI's most wanted list, Galaxy CEO says crypto headed for 'much lower returns', and so much more

Happy Thursday - 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 +3.19%

• Bitcoin crumbles below $67,000 as Fed rate cut doubts follow strong US jobs report

  • Spot BTC ETFs add $167M, nearly erasing last week's outflows despite broader market weakness

  • ZEC, BNB, and SUI lead altcoin losses while cryptos extend weekly decline

  • ETH drops below $2K as holders enter 'full-scale' accumulation mode

  • SOL ETFs post best session since mid-January, bucking negative trend

  • Total mcap slides -3.6% to $2.34T as selling pressure spreads across large-cap tokens

• Tokenized commodities market crosses $6B amid gold's historic rally as stock-crypto divergence widens

Prediction Markets

• Bettors on Polymarket are predicting Fed decision in March?

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

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

• Bitcoin demand surfaces in Nancy Guthrie abduction case (DC)

• Tornado Cash dev added to FBI's most wanted list (BL)

• Drug cartels shift their money laundering to crypto (BBG)

• SBF claims Biden DOJ silenced witnesses during FTX trial (CT)

• Galaxy CEO says crypto headed for 'much lower returns' (DC)

• Coinbase price projections slashed ahead of earnings (DC)

• JPMorgan bullish on crypto for rest of year (CD)

• BlackRock says 1% crypto allocation could unlock $2T new flows (CD)

• Crypto lender BlockFills suspends withdrawals (DC)

• Joe Lubin claims DeFi is as safe as traditional finance (CD)

• OpenAI adds custom ChatGPT to Pentagon (DC)

• Strategy deepens focus on digital credit product (BBG)

• Cathie Wood sees AI driving a prolonged CapEx boom (DC)

• BlackRock’s BUIDL integrates with UniswapX (DC)

• DDC Enterprise adds 100 BTC (BM)

• SkyBridge's Scaramucci buys the bitcoin dip (CD)

• Prediction market open interest crosses $1B (TD)

• Standard Chartered and B2C2 partner to grow crypto access (BM)

• Arkham denies exchange closure plan (CD)

• Aviva Investors tokenize funds on XRP Ledger (CD)

• Africa records highest stablecoin conversion spreads (CT)

• Spark builds bridge between onchain capital and TradFi (CD)

• Provenance Blockchain hits all-time high of $1.2B (TD)

Venture Capital

• Crypto exchange Backpack negotiates a $50M funding round at $1B pre-money valuation (YF)

• Avenia, a fintech startup, raises $17M Series A from Quona Capital, Fluent Ventures, Tomorrow Capital, and more (SN)

Access the complete VC deal flow on Fundable.

Launches

• Franklin Templeton and Binance launch tokenized collateral program (TD)

• Danske Bank offers crypto ETPs to investors (DC)

• Coinbase unveils wallets designed for AI agents (CT)

• Intercontinental Exchange unveils Polymarket signals tool (TD)

• Chainlink feeds go live for Ondo tokenized stocks (CT)

• Ethena-backed suiUSDe stablecoin goes live (CD)

• MoonPay launches crypto deposits feature (BM)

• Spark launches Spark Prime and institutional lending (CT)

• Telegram wallet launches cross chain deposits (CD)

Regulation

• Lawmakers slam SEC chair for easing industry policing (DC)

• EU seeks to close Russia crypto loopholes in new sanctions (CT)

• UK launches action against HTX over illegal financial promotions (DC)

• UK’s digital bond issued using HSBC (BBG)

• European Parliament throws support behind digital euro (CT)

• Malaysia's central bank announces stablecoin (CT)

• Hong Kong working to allow perpetual contracts (CD)

Cybersecurity

• Paxful must pay $4M over prostitution and money laundering charges (DC)

• South Korean lawmakers grill Bithumb over ‘ghost bitcoin’ (BBG)

Extra Reads

• A significant increase in housing costs makes home ownership unattainable for many Gen Z individuals, leading to financial nihilism - Here’s how Gen Z is fueling a $100T crypto derivatives boom

• Rules are required to ensure DeFi projects grow and mature, which means they need layers of centralization before becoming truly decentralized - Here’s why DeFi is not really decentralized

Chart of the Day

Bitcoin long term holder supply rises to 14.3M BTC

Meme Dump

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

🐦 Follow Us: Visit our X account for daily updates on all things web3, DeFi, & crypto.

💰 Gannon’s Crypto Portfolio: Trade alongside Gannon’s crypto on Autopilot

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.

*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.