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Here's a quick preview of today’s content: Canadian crypto millionaire targeted in Madrid kidnapping, Crypto bill faces key vote in April and must pass by May, Hyperliquid launches official S&P 500 perpetual futures, FTX distributes another $2.2B to creditors, Kraken freezes multibillion-dollar IPO plan due to market conditions, 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 +5.9%

• Bitcoin sinks below $71,000 as Fed holds rates steady and hot inflation data crushes rate cut hopes

  • Market sheds $100B as BTC drops -5% in worst decline in three weeks

  • XRP hovers near $14M options battleground while Crypto Fear and Greed rebounds off extreme lows

• Large investors double down on crypto but grow pickier about risk as geopolitical tensions and inflation weigh on sentiment

Prediction Markets

• Bettors on Polymarket are predicting Bitcoin vs. Gold vs. S&P 500 in 2026?

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

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

• SEC approves Nasdaq tokenized equities trading pilot (TB)

• FTX distributes another $2.2B to creditors (TB)

• Kraken freezes multibillion-dollar IPO plan due to market conditions (CD)

• Crypto suffers surprise defeat in Illinois primary fights (BBG)

• Crypto bill faces key vote in April and must pass by May (DC)

• Former Binance CEO CZ waves off accusations on Iran ties (CD)

• OpenAI urged to scrap AI ballot measure over safety concerns (DC)

• Trump-linked American Bitcoin passes Galaxy in treasury rankings (TB)

• Hyperliquid launches official S&P 500 perpetual futures (DC)

• Trump memecoin whales pile in ahead of Mar-a-Lago gala (CT)

• Moody’s launches engine to bring credit analysis onchain (TB)

• Algorand cuts 25% of staff as crypto industry layoffs grow (DC)

• DeFi leaders push for more decentralized finance in university curricula (TB)

• Connecticut suspends Bitcoin Depot's money transfer license (DC)

• Ethereum Foundation deposits another $7.5M in ETH (TD)

• Meta shutters Horizon Worlds metaverse on VR (CT)

• Bhutan moves over $72M in bitcoin (TB)

• Fold reports $69.6M net loss for 2025 (TB)

• 74% of institutions expect crypto prices to rise in 12 months (CT)

• Ethereum aims to cut bridge times by 98% with new rule (CT)

• Wallet maker Tangem doubles annual revenue over $60M (TB)

• DAO governance platform Tally shuts down after six years (TD)

• Aster deepens WLFI partnership with perpetual markets (TD)

• RedStone oracle provider integrates with Tempo mainnet (TB)

A Message from Polymarket

What Smart Money Knows

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Venture Capital

• OptiView, a Web3 management platform, completes strategic financing round at $200M valuation from Honey Capital, LandScape Capital, and Super Labs (FC)

• Stablecoin payments firm RedotPay eyes $150M raise ahead of IPO (TB)

• Gency AI, a blockchain infrastructure company, raises $20M from TikTok, HF0, XYZ Venture Capital, and others (FS)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Prediction market Polymarket acquires crypto startup Brahma (TB)

Launches

• Visa Crypto Labs rolls out command tool for AI payments (TB)

• Stripe-backed Tempo Network launches with focus on AI (DC)

• Kraken Pro expands margin trading in largest expansion (TD)

• HIVE launches first AI GPU cluster in Paraguay (TB)

• Japan’s SBI VC Trade launches retail USDC lending (CT)

• Breez SDK launches passkey login for Bitcoin wallets (BM)

• Boltz launches USDT swaps for Lightning network users (BM)

Regulation

• UK panel seeks immediate ban of crypto donations (DC)

• Canadian regulator revokes registrations of 23 crypto firms (DC)

• Kalshi co-founder fights back against Arizona’s overstep (CD)

• SEC Chair explains why NFTs fall outside of securities laws (CT)

• Bank of Korea adds two banks to digital won trials (CD)

Cybersecurity

• Canadian crypto millionaire targeted in Madrid kidnapping (BM)

• Woman accused of stealing $172M in Bitcoin from her husband (BM)

• Crypto scammers make a fake version of Pudgy Penguins new game (DC)

Extra Reads

• Crypto cards trigger forced sales and unwanted tax events, but onchain credit unlocks yield-bearing collateral that funds spending without liquidation, making crypto cards a relic of an earlier era - Here's why onchain credit makes crypto cards obsolete

• DeFi founders discuss why tokenized assets, liquidity, and real-world integration, not new primitives, will drive the next phase of growth - Here’s why tokenized assets are DeFi’s biggest unlock

Chart of the Day

Bitcoin-Nasdaq correlation hits lowest level since Dec 2018

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.