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Here's a quick preview of today’s content: ZachXBT fronts $350K to trick Chinese launderers, Treasury kills crypto surveillance rules, Visa finds growing crypto appetite among consumers, Anchorage Digital cuts 17% of staff, Bitmine buys $41M more ETH, and so much more

Spreadwise is revolutionizing liquidity for HNWIs by offering fixed-rate liquidity at sub-4% rates. This is a game-changer for investors who want to access credit without disrupting their portfolios. If you manage wealth for yourself or clients, you should give it look.

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 +21.5% Gannon’s AI Fund is up +70.8%

• Bitcoin reverses after zooming toward $87,000 as the U.S. dollar climbs to an 18-month high

  • BTC fails to break higher after its best weekly close in eight months, with ADA leading gains

  • BTC ETFs notch a third inflow week and bring in $241M to kick-start 'Uptober,' while ETH ETFs shed $138M

• Bitcoin comes under pressure as rates continue to rise, with Treasury yields at the 5% threshold

Prediction Markets

• Which company is going public this year?

• Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

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

• SEC clears 3x leveraged Bitcoin and Ethereum funds (DC)

• CFTC brings crypto exchanges under federal oversight (DC)

• Strategy posts $21B gain and buys $29M more BTC (DC)

• Metaplanet sells 10,000 bitcoin and buys 11,000 back (DC)

• Anchorage Digital cuts 17% of staff (TD)

• Greek soldiers lead $8M crypto pyramid scheme (DC)

• Bitmine buys $41M more ETH (DC)

• Strive adds $169M bitcoin (DC)

• Payward and Singapore Gulf Bank partner for crypto settlement (CD)

• Modern Treasury seeks bank charter (CT)

• Visa finds growing crypto appetite among consumers (TB)

• S&P brings risk assessments to lending vaults (CT)

• China P2P stablecoin wallets grow 43x (CT)

• DeFi Development Corp adds $3M in solana (DC)

• eToro pushes for euro stablecoin (FM)

• Flying Tulip’s NFT market tops $5M (TD)

A Message from Spreadwise

Borrow Against Your Portfolio – Smarter

Most investors use margin or portfolio lines of credit and end up paying 6%-12% interest with no tax benefit. Spreadwise lets you access the same liquidity at lower rates (under 4%) and treat the cost as capital losses, not interest expense.

Spreadwise works through a fully collateralized SPX box spread options strategy, giving you fixed-rate, fixed-term financing without selling your investments or making monthly interest payments.

The result: lower effective borrowing costs, more flexibility, and real tax advantages, all while keeping your portfolio exactly where it is.

If you're a high-net-worth investor or manage concentrated stock positions, Spreadwise can help you unlock cash without the usual drag.

Spreadwise: Smarter liquidity for sophisticated investors.

Demo Spreadwise

Venture Capital

• Umia, a crypto project launch platform, raises $6.1M through sale of its own UMIA token (TB)

Access the complete VC deal flow on Fundable.

Launches

• Stripe expands stablecoin cards (CD)

• Binance launches AI assistant (FM)

• Plume opens tokenized vault (TD)

• Zcash’s 25-second blocks go live (CD)

Regulation

• Treasury kills crypto surveillance rules (DC)

• Crypto campaign sets lists of U.S. House favorites (CD)

Cybersecurity

• ZachXBT fronts $350K to trick Chinese launderers (DC)

• Base vault drained of $6M (TD)

Extra Reads

• Blast launched with more than $1B deposited before it even went live, but two years later the Ethereum layer-2 is shutting down, its assets down -98% and its monthly revenue collapsed from $3.5M to under $1,800 - Here's what Blast's collapse says about crypto's shakeout

Chart of the Day

Tokenized stocks are 1% of stablecoins

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.