Good Morning,

Here's a quick preview of today’s content: Crypto’s win on legislation reshapes rivalry with banks, Myanmar proposes death penalty for scams and crypto fraud, SBI and Rakuten offer crypto investment trusts, President Trump discloses several crypto firm stock trades, Harvard dumps ether as Abu Dhabi fund adds bitcoin, 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 +16.11% Gannon’s AI Fund is up +50.7%

• Bitcoin dives below $79,000 as bond market and inflation fears hit risk assets

  • BTC ETFs bleed $1B in a week, snapping six-week inflow run

  • Longs lose $500M with SOL and XRP down -5% in macro-driven wipeout

  • HYPE leads 24-hour gains while altcoins pace Bitcoin

• Strategy's STRC hits $1.5B trading volume while Hyperliquid ETF posts $5M inflows

Prediction Markets

• Bettors on Polymarket are predicting Iceman first week album sales?

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

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

• President Trump discloses several crypto firm stock trades (DC)

• Drake calls for Sam Bankman-Fried's release in new album (DC)

• CME and ICE push US to curb crypto’s oil trading upstart (BBG)

• Kraken cuts 150 workers after deploying AI (BBG)

• Crypto’s win on legislation reshapes rivalry with banks (BBG)

• Strategy moves to retire $1.5B convertible debt (DC)

• IREN closes $3B convertible notes offering (DC)

• Harvard dumps ether as Abu Dhabi fund adds bitcoin (TB)

• VanEck and Grayscale file BNB ETF amendments (TB)

• Saudi Arabia tokenizes its trillion dollar economy (CD)

• Forward Industries posts +300% revenue growth (TB)

• Kraken joins LayerZero exodus (CT)

• Italy’s largest bank doubles crypto holdings to $235M (CT)

• Lombard Finance dumps LayerZero for Chainlink (DC)

• Bitcoin Depot filing casts doubt on company’s future (DC)

• Bhutan ‘doesn’t recall’ selling any bitcoin (CD)

• Tether billionaire enters UK's richest people list (DC)

• Dogecoin has 'crazy things on the horizon' (TB)

• OpenSea sees tokenized Pokémon cards and Rolexes (TB)

Venture Capital

• Stablecoin fintech Checker raises $8M led by Al Mada Ventures, Galaxy Ventures, and Framework Ventures (FA)

• Eleutheria, a BNB platform, raises $5M at an undisclosed valuation from Alpha Capital (BG)

Access the complete VC deal flow on Fundable.

M&A Announcements

• OKX acquires 20% stake in South Korean crypto exchange Coinone (TB)

• South Korean bank Hana acquires $670M stake in Upbit parent Dunamu (TB)

Launches

• SBI and Rakuten offer crypto investment trusts (CD)

• Bitwise launches Hyperliquid fund (CT)

• Circle launches agent marketplace (TD)

• Solayer launches Visa card for USDC (CT)

Regulation

• US law firm targets Tether for $344M (CD)

• Poland passes MiCA crypto bill (TB)

• B2C2 secures MiCA license in Luxembourg (TB)

Cybersecurity

• Myanmar proposes death penalty for scams and crypto fraud (TB)

• Forsage founder pleads not guilty in $340M Ponzi (TB)

• Thorchain halts trading after $10M exploit (DC)

Extra Reads

• The US just got its first real crypto framework with the CLARITY Act, but the EU, Singapore, UAE, and Hong Kong have been enforcing theirs for years - Here's how the US crypto framework compares to the rest of the world

Chart of the Day

Bitcoin has become less volatile than potato futures

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.