Good Morning,

Here's a quick preview of today’s content: North Carolina prosecutors seize $61M tied to pig butchering scam, South Korea proposes mandatory asset disclosure for crypto influencers, Strategy and Coinbase among most-shorted stocks, Billionaire Alan Howard’s crypto incubator closes down, and so much more

Happy Thursday - 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 +2.3%

• Bitcoin roars over +7% to $69,000 as crypto rebounds from oversold levels and tests post-capitulation range

  • SOL leads crypto recovery with +10% gain while DOT and altcoins surge ahead of Nvidia earnings, pushing altcoin season indicator back to January highs

  • XRP jumps +6% as exchange data points to accumulation, while DOGE adds +5%

  • Total market cap climbs +6% to $2.42T as BTC ETFs post $258M inflows

• Strong earnings data and Nvidia results steady markets as AI spending debate intensifies, boosting risk appetite across crypto and stocks

Prediction Markets

• Bettors on Polymarket are predicting major CEX insolvent in 2026?

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

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

• MrBeast employee suspended by Kalshi for insider trading (DC)

• Strategy and Coinbase among most-shorted stocks (DC)

• Judge dismisses xAI trade secrets lawsuit against OpenAI (DC)

• Morgan Stanley reveals future plans for Bitcoin trading (BM)

• Coinbase CEO pushes back on UK stablecoin caps (DC)

• South Korean man indicted in pesticide poisoning tied to crypto losses (CT)

• Billionaire Alan Howard’s crypto incubator closes down (CD)

• Circle reports 72% rise in USDC circulation (DC)

• Endowment funds eye crypto allocation amid tough outlook (CD)

• Vitalik Buterin sells 17,000 ETH this month (CD)

• Kalshi boots US politician off the platform for insider trading (CT)

• Hut 8 posts $248M net loss for 2025 (TB)

• Tokenized US Treasurys rise by over $1B (CT)

• B2B stablecoin payments grow 730% YoY in 2025 (TD)

• Treasury firm GD Culture may sell BTC for buy back (DC)

• FG Nexus sells another $14M in Ether (CT)

• Ethereum Foundation unveils 'strawmap' for development (BL)

• Anchorage Digital discloses holding in Strategy’s STRC (TB)

• FxPro and McLaren Racing extend strategic partnership (CD)

• Blockfills co-founder and CEO Nicholas Hammer steps down (CD)

Venture Capital

• Agentic finance startup t54 Labs raises $5M seed round from Anagram, Franklin Templeton, Ripple, and other investors (TB)

• Solana prediction market TBD raises $3M seed round co-led by CMT Digital and ParaFi (TB)

• Power Protocol, a Web3 gaming platform, secures $3M investment from BITKRAFT Ventures (TE)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Tether Investments discloses a $200M strategic stake in online marketplace Whop (TB)

Launches

• Kraken introduces fixed-rate crypto loans (CT)

• 21Shares debuts the Strategy Yield ETP (CT)

• Project 0 allows users to borrow against DeFi portfolios (TB)

• Safe integrates Morpho vault to earn yield (TB)

• Arbilife unveils enhanced arbitrage platform (CT)

Regulation

• South Korea proposes mandatory asset disclosure for crypto influencers (TB)

• Hong Kong issues first stablecoin issuer license (TB)

• UK selects firms for stablecoin regulatory sandbox (DC)

Cybersecurity

• North Carolina prosecutors seize $61M tied to pig butchering scam (TB)

• South Korean police arrest two over theft of seized bitcoin from evidence (TB)

Extra Reads

• Prediction markets are now one of the fastest-growing sectors in Web3, accounting for billions of dollars in volume each day - But what is a prediction market?

Chart of the Day

Google searches for "buy bitcoin" surge to the highest level in five years

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.