Good Morning,

Here's a quick preview of today’s content: Senators reveal bill to outlaw sports prediction markets, ‘Wrong number’ message turns into $3.4M crypto scam, SEC sends crypto interpretation to White House for review, Strategy unveils $44B plan to buy more Bitcoin, Swiss private bank dynasty splits over crypto strategy clash, and so much more

Happy Tuesday - Let’s dive in.

Market Snapshot

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• Bitcoin surges to $71,500 as Trump postpones Iran strikes for 5 days, citing 'productive' talks

  • BTC's wild roller coaster leaves leveraged traders with $415M in liquidations

  • ETFs shed $177M last week as inflows slow to $230M

  • ETH jumps on Iran optimism while oil whipsaws, though BTC spot volumes fall to 2023 lows

• Oil and silver trading way more popular than XRP and SOL on Hyperliquid as ceasefire drama rocks markets

Prediction Markets

• Bettors on Polymarket are predicting Fed rate hike in 2026?

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

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

• Sam Bankman-Fried court letter under scrutiny for discrepancies (DC)

• BlackRock CEO Larry Fink sees tokenization making investing easy (TB)

• Mark Zuckerberg builds an AI agent to help run Meta (CT)

• Strategy unveils $44B plan to buy more Bitcoin (DC)

• SEC sends crypto interpretation to White House for review (CT)

• Arrest made in violent kidnapping of Ledger founder for crypto ransom (DC)

• Swiss private bank dynasty splits over crypto strategy clash (BBG)

• Polymarket tightens rules to curb manipulation and insider trading (CT)

• Protesters rally outside OpenAI, Anthropic, and xAI offices (DC)

• Wall Street-backed crypto exchange aims at Asian market using won stablecoin (BBG)

• Fake influencers compete for real money in AI challenge (DC)

• Tom Lee's BitMine adds to $10B stash (DC)

• BlackRock and Fidelity buy $400M Bitcoin while selling $250M (TD)

• Strategy expands ATM programs across stock lines (TB)

• Nasdaq and Talos partner on tokenized collateral (FM)

• Ethereum OG sells $31M worth of ETH (TB)

• Hong Kong’s Boyaa Interactive eyes $70M crypto treasury expansion (CT)

• Deloitte and Stablecorp plan infrastructure for Canadian institutions (CT)

• Biotech firm NovaBay rebrands to Stablecoin Development Corp (TB)

• Aave DAO takes step closer V4 deployment (TB)

• Bithumb seeks to reappoint CEO despite controversies (CT)

Venture Capital

• Bitcoin miner Core Scientific secures $500M credit facility from JPMorgan Chase (TB)

• Henry Kravis-backed ParaFi raises $125M for new fund (BBG)

• Prediction market rivals Shayne Coplan and Tarek Mansour back $35M venture fund 5c(c) Capital to invest in prediction markets (TB)

• Uniblock, a Web3 platform, raises $5.2M strategic funding from SBI Group, AllianceDAO, BFF, and NGC Ventures (CR)

Access the complete VC deal flow on Fundable.

M&A Announcements

• European Bitcoin treasury H100 acquires Norwegian companies Moonshot AS and Never Say Die AS (DC)

• Katana, the DeFi-focused Ethereum layer, acquires decentralized exchange IDEX (TB)

• Capital B, Europe’s first treasury company, acquires 44 BTC for $3.1M (BM)

Launches

• MoonPay releases wallet standard for AI agents (TB)

• Solana Foundation targets institutions with new framework (CD)

• Backpack launches token on Solana (CD)

• Glider and Ondo launch platform for tokenized portfolios (CT)

• Perp DEX edgeX to launch token (TD)

Regulation

• Senators reveal bill to outlaw sports prediction markets (DC)

• Stablecoin yield in crypto Clarity Act won't allow rewards (CD)

• Circle urges EU to widen stablecoin settlement rules (TB)

• Brazil’s finance minister delays crypto tax plan (CD)

Cybersecurity

• CoinDCX rebukes fraud allegations and points to impersonation scam (DC)

• ‘Wrong number’ message turns into $3.4M crypto scam (CT)

• ZachXBT says fake X accounts use war content to drive crypto scam (CT)

Extra Reads

• Sen. Elizabeth Warren urged MrBeast to move cautiously as his firm considers integrating crypto into a newly acquired mobile banking app - Will MrBeast push crypto on kids?

• Lawmakers are expected to weigh steps toward on-chain securities, even as the bigger legal and investor risks remain unresolved - Here’s what to expect from this week’s House committee on tokenization 

Chart of the Day

Institutions are buying 3x more Bitcoin per month than miners can produce

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.