Good Morning,

Here's a quick preview of today’s content: Binance Australia fined $6.9M for misclassifying retail clients, India arrests suspect tied to Myanmar crypto scam compounds, Crypto frustration boils over as stablecoin fight stalls bill, Strategy ends thirteen week buying streak, Tether taps KPMG for first big four audit, and so much more

Happy Monday - Let’s dive in.

Market Snapshot

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• Bitcoin slides to two-week low as $443M in longs liquidated and Fear & Greed hits extreme fear at 13

  • BTC ETFs log biggest outflows with $171M single-day exit, breaking 4-week inflow streak

  • ETH drops under $2K as crypto stocks battered with Strategy, BitMine, and Robinhood hitting monthly lows

  • Prediction markets top $20B monthly volume as markets price in rate hikes on inflation fears

• Retail investors drive widespread BTC selling as 10-year yield nears 1-year high of 4.5%

Prediction Markets

• Bettors on Polymarket are predicting will Satoshi move any Bitcoin in 2026?

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

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

• Morgan Stanley to undercut ETF rivals with low fee (TB)

• Anthropic's most capable AI model leaks (DC)

• Cathie Wood's Ark dumps Meta, Nvidia and Bitcoin ETF shares (DC)

• Binance Australia fined $6.9M for misclassifying retail clients (BBG)

• Judge blocks Pentagon from branding Anthropic a security threat (DC)

• Crypto frustration boils over as stablecoin fight stalls bill (TB)

• Gavin Newsom bans California officials from prediction markets (DC)

• Tether taps KPMG for first big four audit (DC)

• Sen. Warren targets Bitmain-Trump family ties in letter (TB)

• Strategy ends thirteen week buying streak (CD)

• Google plans to back $5B data center for Anthropic (CT)

• Bitcoin miners are becoming AI companies and selling BTC (CD)

• Google says post-quantum migration needs to happen by 2029 (CD)

• GameStop didn't sell $324M worth of bitcoin in January (TB)

• Crypto popularity among kids drives X Games-MoonPay deal (TB)

• Kalshi secures license to offer margin trading (CD)

• Coinbase users push back against prediction markets notifications (CT)

• Early bitcoin whale sends another $33M to Binance (TB)

• Ethereum ICO participant offloads $23M (TB)

• ECB study concludes DeFi DAOs aren't decentralized as they claim (TD)

• Bittensor ecosystem tokens' value hit $1.5B (CD)

• P2P.me team apologizes for betting on own fundraising (CT)

Venture Capital

• Polymarket receives $600M investment from NYSE owner Intercontinental Exchange (BW)

• World Foundation, the platform behind Worldcoin network, raises $65M through OTC (FX)

• Caddun, a liquidity protocol, raises over $50M in a presale (MC)

Access the complete VC deal flow on Fundable.

Launches

• xStocks brings private shares fund on-chain (CT)

• Anchorage Digital opens access to TRX trading (CD)

• BNP Paribas adds six ETNs for retail clients (CT)

• Umbra opens privacy wallet to the public (TB)

• OnePay adds tokens in push to serve new customers (CT)

• Gnosis and Zisk unveil Ethereum economic zone framework (TD)

Regulation

• Lawmakers publish crypto tax proposal without Bitcoin tax exemption (CT)

• Washington sues Kalshi as states ramp up legal pressure (CD)

• Rep. Waters presses Fed on approving Kraken's master account (TB)

• Detroit enters Michigan‘s battle against prediction markets (CT)

• Canada moves to ban crypto donations for election campaigns (CD)

• Bitcoin Policy Institute voices strong opposition to PARITY Act (BL)

Cybersecurity

• India arrests suspect tied to Myanmar crypto scam compounds (DC)

• Vietnam arrests suspects in alleged crypto fraud case (CT)

Extra Reads

• GameStop has pledged nearly all of its Bitcoin to a covered call strategy on Coinbase Prime to generate some yield - Here’s why GameStop put $315M into a covered call

• Arbitrage opportunities in prediction markets often exist for seconds, giving AI-driven systems a structural advantage over humans - Here’s how AI can reshape arbitrage in prediction markets

• Oil-driven inflation fears and rising bond yields are tightening financial conditions and steering equities and crypto - Here’s what rising bond yields mean for Bitcoin

Chart of the Day

15-20% of Bitcoin miners are now unprofitable

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.