Good Morning,

Here's a quick preview of today’s content: Bithumb hit with suspension as CEO faces disciplinary action, Banking lobby weighs lawsuit against OCC over crypto charters, Strategy drops $1.28B on Bitcoin, Moldova alleges $107M crypto scheme to influence elections, Anthropic sues Trump admin over risk designation, and so much more

Happy Tuesday - 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 +4.00%

• Bitcoin rallies above $69,000 as oil reverses sharply below $100 and Trump says Iran war could be over soon

  • BTC funds lead $619M in weekly ETP inflows despite market volatility

  • ETH holds $2K as traders push toward overhead short liquidity, while XRP holders face $50B in unrealized losses

  • Market cap rises nearly +3% to $2.43T as stock market volatility hits one-year high

• BTC mined supply hits 20M milestone, leaving final 1M BTC to be issued over next 114 years

Prediction Markets

• Bettors on Polymarket are predicting 2026 NHL Stanley Cup Champion?

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

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

• Nasdaq partners with Kraken for tokenized stocks (DC)

• Anthropic sues Trump admin over risk designation (DC)

• Strategy drops $1.28B on Bitcoin (DC)

• Congress urged to give platforms power to freeze suspicious funds (DC)

• Tom Lee tops up $9B ETH treasury (DC)

• Coinbase debuts crypto futures for European traders (DC)

• Moldova alleges $107M crypto scheme to influence elections (DC)

• Nasdaq links EU markets to Boerse Stuttgart's tokenized venue (CT)

• Mastercard and Google team up for AI-powered shopping (TD)

• Consensys-backed SharpLink reports $734M loss (TB)

• Crypto funding rises 50% as VC shifts to larger deals (CT)

• Public bitcoin miners dump bitcoin for AI (BM)

• Insurance broker Aon tests stablecoin payments with Coinbase (CD)

• Bhutan moves nearly $12M in bitcoin (TB)

• Aave users reach record as traders shift toward DeFi lending (DC)

• Flow Foundation seeks court order to block delisting on exchanges (CT)

• Orbital data center company starts mining Bitcoin in space (CT)

• Bybit doubles down on Middle East operations (CT)

• BTC Markets eyes RWA trading license (CT)

Venture Capital

• KAST, a stablecoin platform, raises $80M Series A led by QED Investors and Left Lane Capital (CD)

• Zcash Open Development Lab raises $25M from Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, and more (TB)

• Reform UK leader Nigel Farage participates in $333K fundraising round for Stack BTC Plc (DC)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Fantasy sports firm Underdog acquires derivatives exchange Aristotle Exchange DCM and DCO (BBG)

• Jito Foundation acquires data and journalism platform SolanaFloor (CT)

Launches

• Atlas launches AI builder for gaming studios (DC)

• Sonic Labs unveils USSD stablecoin (TD)

• Blockchain.com expands into Ghana (CT)

• Pudgy Penguins launches free browser game (BL)

Regulation

• Banking lobby weighs lawsuit against OCC over crypto charters (TB)

• Crypto PAC spends $8.6M in Illinois races (CT)

• EU’s blockchain market adds first bank participant (CT)

• Wyoming Senator revives crypto tax exemption debate (CT)

Cybersecurity

• Bithumb hit with suspension as CEO faces disciplinary action (TB)

• NFT platform moves to make users whole after $230K exploit (TB)

Extra Reads

• A new United Nations Development Programme report outlines how blockchain can support public systems - Here’s how the program is using blockchains for public infrastructure

• Bitcoin finally has a real payments advantage in the world of agentic payments, and we all have to pitch in to capitalize on it - Here’s how Bitcoin has an opportunity with AI

Chart of the Day

Over 95.24% of the total Bitcoin supply has now been issued

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.