Good Morning,

Here's a quick preview of today’s content: Melania Trump promotes her memecoin again even after all the allegations, Citi forecasts Bitcoin hitting way past all time highs, OpenAI reaches historic valuations, a U.S. Congressman makes a significant push for a Bitcoin reserve, India cracks down on crypto exchanges harder than ever, and so much more

Happy Friday - Let’s dive in.

Market Snapshot

Click here to learn more about the Gannon’s portfolios and subscribe to the strategies on Autopilot.*

• Bitcoin surged past $120k for the first time since August as traders bet on a bullish October for risk assets

  • BTC and ETH had nearly $2.4B in combined ETF inflows this week

  • ETH has been hovering above $4,500, its strongest in three weeks

  • BTC’s hash rate climbs above 1.05 ZH/s, the seventh straight difficulty increase

• The government shutdown paused ETF reviews and could slow economic growth, adding uncertainty ahead of the next Fed meeting

Market Predictions

• Bettors on Kalshi are predicting this years college football Heisman Trophy Winner?

• Trade your predictions on a range of events, only on Kalshi

• Sign up with code LIT and get a $20 bonus when you trade $100

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

• Citi forecasts Bitcoin hitting $181K in 2026 (CD)

• Melania Trump promotes her memecoin amid $10M team selling allegations (CT)

• Head of Crypto John Wang says Kalshi will be on 'every major crypto app' in next 12 months (TB)

• Coinbase-backed program hands out $12k in crypto to low-income New Yorkers (CD)

• Plasma founder denies insider selling accusations after XPL plunges (CT)

• BlackRock's IBIT enters top 20 ETFs by assets (CD)

• JPMorgan estimates Bitcoin could rise to $165k (CD)

• Base creator Jesse Pollak says crypto needs non-USD stablecoins for meaningful utility (TB)

• Australian Solana treasury buys over 200M PUMP tokens (TB)

• NFTStrategy ecosystem surpasses $200M market cap (TD)

• Bitcoin mining manufacturer Canaan secures order for 50k units of its mining machines (TB)

• Arthur Hayes argues that France's debt and money printing will cause Bitcoin to surge (DC)

• Perp DEX monthly trading volume tops $1T (TB)

• Polygon partners with AlloyX and Standard Chartered on tokenized fund (BW)

• Solana treasury Sharps Technology eyes $100M share buyback (TB)

• Privacy-focused crypto Zcash climbs 250% in 30 days (TD)

Venture Capital

• OpenAI reaches $500B valuation in a secondary share sale (CT)

• Sustainability firm VivoPower International closes an equity raise of $19M led by Prince Abdulaziz bin Talal Al Saud (TB)

M&A Announcements

• Avalanche Treasury Co. announces a SPAC with Mountain Lake Acquisition Corp. (TB)

• Crypto market maker GSR to acquire Equilibrium Capital Services, a Portland-based broker-dealer (CD)

Launches

• CME Group to launch 24/7 crypto derivatives trading expansion (BW)

• BBVA teams with SGX FX to launch retail crypto trading in Europe (CD)

• Coinbase app integrates an API to enhance non-custodial token swaps (TB)

• SoFi Technologies to roll out its own stablecoin (TD)

• Tron founder Justin Sun unveils DEX perp called SunPerp (DC)

• FG Nexus brings tokenized stock trading to Ethereum (BW)

• Alpaca rolls out network enabling direct tokenization of U.S. stocks (CT)

• DoubleZero launches mainnet-beta and 2Z token (BW)

• Mantle, a crypto ecosystem, launches tokenization platform (CD)

• Taiko, a rollup scaling Ethereum, launches binding on-chain governance (BW)

• Ethereum NFT project Moonbirds to launch a Solana token (DC)

• Perp DEX Ligher opens public mainnet on Ethereum (BW)

• Psy Protocol launches a blockchain to deliver Bitcoin-level security (CD)

• Crypto.com integrates Morpho lending, bringing stablecoin yield to Cronos (CT)

• Pi Network rolls out new capabilities on its testnet (CS)

Regulation

• U.S. Congressman Begich pushes plan for Bitcoin reserve (TB)

• Two Swedish lawmakers urge the government to explore a national Bitcoin reserve (BM)

• A new bill in New York imposes higher taxes on Bitcoin mining companies (BM)

• Thailand's market regulator works on expanding its ETFs (CD)

• India cracks down on 25 crypto exchanges over compliance failures (TC)

• European Central Bank picks tech partners for digital euro (CT)

Cybersecurity

• Thief snaps photo of victim’s seed phrase and steals $1.7M in crypto (DC)

• UK officials weigh keeping $6.4M in Bitcoin seized in a 2018 Chinese fraud case (CT)

Extra Reads

• Hoarding Bitcoin kills adoption, and real monetary revolution requires spending it like money, not treating it as digital gold to never touch - Here’s why you should spend your Bitcoin, not just hoard it

• Investors no longer need to wait for the opening bell, because trading is evolving to round-the-clock access - Here’s how tokenized stocks are putting Wall Street on a 24/7 clock

Chart of the Day

Onchain tokenized RWAs (Real World Assets) have hit $32B

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.