Good Morning,

Here's a quick preview of today’s content: Goliath Ventures CEO arrested over $328M crypto ponzi, Federal bank regulator moves to restrict stablecoin rewards, MetaMask crypto debit card launches across US, JPMorgan sees crypto boost if market structure bill passes, Jack Dorsey’s Block dumps 4,000 jobs in AI restructuring, and so much more

It’s finally Friday - Let’s dive in.

Market Snapshot

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• Bitcoin stalls near $67,000 after touching $70,000 as altcoins lead strongest bounce in weeks before retracing gains

  • ETH reclaims $2K despite -3% daily slip, while SOL drops -3.5%, XRP plunges -5%, and BNB falls -1.5%

  • BTC ETFs post highest net inflows in three weeks with $506M, regaining momentum

  • Total market cap drops -2% to $2.39T as altcoins retrace gains and markets consolidate

• Traders show optimism despite 'extreme fear' persisting, with selling pressure weakening as spot ETFs draw capital

Prediction Markets

• Bettors on Polymarket are predicting corporate tax cut before 2027?

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

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

• Jack Dorsey’s Block dumps 4,000 jobs in AI restructuring (DC)

• Senators rebuke Sam Bankman-Fried's crypto bill support (DC)

• Morgan Stanley plans to offer crypto trading and lending (DC)

• JPMorgan sees crypto boost if market structure bill passes (BBG)

• Trump brothers' American Bitcoin mining reports $59M loss (DC)

• Federal bank regulator moves to restrict stablecoin rewards (BBG)

• Anthropic won’t lift AI safeguards amid Pentagon dispute (DC)

• Jane Street speculation renews scrutiny of market mechanics (DC)

• Axiom Exchange employees accused of insider trading (DC)

• Grant Cardone plans to tokenize his firm's $5B real estate portfolio (CD)

• World Liberty proposes new staking governance system (TB)

• Citi integrates Bitcoin with traditional finance services (BM)

• Bloomberg extends financial data to $25B tokenized markets (CT)

• MARA partners with Starwood to develop AI data centers (BBG)

• ETHZilla drops Ethereum treasury label in rebrand (DC)

• Vitalik Buterin ETH sales hit $35M (TB)

• MEV Capital AUM collapses 80% in four months (TB)

• Solo bitcoin miner turns $75 into $200K block reward (CD)

• Vitalik Buterin unveils Ether roadmap to counter quantum computing (CD)

• Aave surpasses $1T in lending volume (CT)

• Grvt integrates Aave so traders can earn yield (CT)

• OKX integrates Chainalysis Alterya for scam screening (CT)

Venture Capital

• Crypto derivatives platform STS Digital raises $30M strategic round led by CMT Digital, Payward, and other investors (CD)

• Cyber asset management startup ThreatAware raises $25M funding round led by One Peak (FM)

• Crypto disclosure firm Bluprynt secures $4.25M oversubscribed seed funding round from Coinbase Ventures and Robinhood (TB)

Access the complete VC deal flow on Fundable.

Launches

• MetaMask crypto debit card launches across US (DC)

• Deutsche Bank-backed AllUnity launches Swiss franc stablecoin (CT)

• Resolv and Centrifuge launch $100M tokenized credit strategy (TD)

• REX rolls out income ETF tied to Coinbase and Strategy (CT)

• Starknet introduces confidential DeFi transactions (TB)

• Wallet in Telegram unveils yield for crypto holdings (TB)

• Sygnum launches service for crypto treasury market (CT)

• Flare and Xaman unlock DeFi access for XRP (CD)

• Decibel perp exchange goes live on Aptos (CD)

Regulation

• Indiana's bitcoin rights bill heads for final sign-off (TB)

• UK committee urges ban on crypto political donations (CT)

• UK investors have one month to add crypto ETNs in tax-free wrapper (CD)

• SEC approval sought for JitoSOL liquid staking ETF (CT)

• Gate secures Maltese license to expand stablecoin services (CT)

Cybersecurity

• Goliath Ventures CEO arrested over $328M crypto ponzi (DC)

• Suspects arrested after South Korean police mishandle $1.4M in Bitcoin (DC)

• Ransomware payments top $800M in 2025 (TD)

Extra Reads

• Jane Street is a major authorized participant in spot bitcoin ETFs, but the mechanics of what APs actually do at market open explain more than most people realize - Here’s why the accusations of Jane Street rigging bitcoin may not be true

• Lawmakers introduced a bill protecting crypto software developers from criminal prosecution - What does that mean for crypto market structure?

Chart of the Day

Bitcoin spot demand grows for the first time since November

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.