Good Morning,

Here's a quick preview of today’s content: Former LA deputy gets 5 years for aiding 'Crypto Godfather', FINDING SATOSHI documentary premieres April 22, Democrats target prediction market insider trading, PayPal expands PYUSD stablecoin globally, SEC clarifies how securities laws apply to crypto assets, and so much more

Happy Wednesday - 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 +8.7%

• Bitcoin rally tests $75,000 in massive short squeeze as AI and privacy coins lead altcoin surge

  • BTC ETFs post 6-day inflow streak as crypto majors rack up double-digit weekly gains

  • XRP flips BNB, hitting highest price in a month as open interest builds

  • ASTER token rallies while onchain energy markets run hot

  • Hyperliquid's HIP-3 markets hit $1.43B open interest as Iran conflict ripples through commodities

• BTC hits a wall as Fed and global central banks line up rate decisions

Prediction Markets

• Bettors on Polymarket are predicting 2026 NCAA tournament winner?

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

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

• Mastercard acquires stablecoin tech firm BVNK for up to $1.8B (DC)

• Sam Altman taps Coinbase to verify humans behind AI agents (DC)

• Minors sue xAI over Grok deepfake images (DC)

• Crypto bill yield compromise could come this week (DC)

• Democrats target prediction market insider trading (DC)

• SEC clarifies how securities laws apply to crypto assets (DC)

• Morgan Stanley exec says crypto ETF adoption still 'very early' (TB)

• Messari CEO steps down alongside mass layoffs in AI pivot (TB)

• CFTC clears Phantom for derivatives markets (DC)

• PayPal expands PYUSD stablecoin globally (DC)

• Moody’s brings credit ratings onchain with Canton Network (CT)

• Tether launches AI training framework for smartphones (CT)

• FINDING SATOSHI documentary premieres April 22 (BM)

• US regional banks build tokenized deposit network on ZKsync (CD)

• Crypto.com partners with South Korea's largest payment gateway provider (TB)

• Ethereum Foundation announces $24k grants for PhD recipients (BL)

• Cango posts $452.8M net loss in first year as bitcoin miner (TB)

• Digital Chamber and Money20/20 partner to broaden crypto policy (TB)

• Pyth Network launches 24/7 oil index (TD)

• Blockchain data platform Allium partners with Walrus (DC)

Venture Capital

• Tokenization platform Theo raises $100M for a stablecoin tied to gold (DC)

• Robinhood Ventures Fund invests $35M in Stripe and AI audio startup ElevenLabs (TB)

• TransFi, a payments infrastructure company, raises $19.2M in financing led by TuringPE (FX)

• dtcpay, a digital payments company, raises $10M Series A led by Vertex Ventures (LI)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Crypto trading firm GSR acquires token and crypto advisory firm Architech for $57M (TB)

Launches

• Ripple expands crypto and payment services in Brazil (CD)

• VersaBank expands tokenized deposits (CT)

• Cari Network launches tokenized deposit platform (TD)

• Maestro launches mining-backed Bitcoin credit market (CT)

• Aster launches privacy-focused Layer 1 (TD)

Regulation

• Arizona files charges against Kalshi calling prediction market illegal (DC)

• Argentina orders nationwide block of Polymarket (DC)

• Stand With Crypto ramps up pressure on Banking Committee (TB)

• Vietnam prepares to restrict overseas crypto trading (TB)

• South Korea police draft crypto seizure rules (CT)

Cybersecurity

• Former LA deputy gets 5 years for aiding 'Crypto Godfather' (DC)

• Crypto e-commerce firm Bitrefill hacked by North Korean group (DC)

Extra Reads

• Eric Trump's growing crypto ambitions have led him into business with one of China's most mystifying crypto giants, a partnership that few saw coming - Here’s how Eric Trump became an ally of one of China’s biggest crypto companies

• Bitcoin's implied volatility holds steady as panic hedging drives equity, oil and bond market indexes higher - Here’s why Bitcoin trader’s haven’t freaked out

Chart of the Day

Buyer activity is returning to Bitcoin after heavy February selling

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.