Good Morning,

Here's a quick preview of today’s content: French police arrest six in crypto kidnapping ransom case, Polymarket sues Massachusetts over prediction markets, Crypto crashes rattle venture capitalists after $19B haul, Coinbase's Super Bowl ad divides viewers, Tether to add 150 staff as expansion accelerates, 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 +3.27%

• Bitcoin stabilizes around $70,000 after multi-billion dollar crash as whale accumulation emerges

  • BTC whales scoop up 40K BTC during $60K dip

  • Weekly global crypto ETP outflows slow to $187M after three weeks of heavy selling

  • ETH slides in Bitcoin's shadow as investors pull out and altcoins reverse

  • BTC mining difficulty drops by most since 2021 and Sharpe ratio slides to levels seen at market bottoms

• Total market cap down -2.2% as BTC trades sideways, with losses continuing across major tokens

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}}

• Coinbase's Super Bowl ad divides viewers (TB)

• US government isn't poised to sweep in with bitcoin buys (CD)

• Fed’s Waller says Trump-induced crypto euphoria may be fading (BBG)

• Banks demand delays as crypto firms push for Fed payment access (BBG)

• Crypto crashes rattle venture capitalists after $19B haul (BBG)

• ChatGPT rolls out ads (DC)

• French police arrest six in crypto kidnapping ransom case (DC)

• Strategy buys $90M more Bitcoin (DC)

• Tom Lee’s BitMine buys more Ethereum (DC)

• Tether's gold stash tops $23B (CD)

• CME launches futures for Cardano, Chainlink, and Stellar (TD)

• Tether to add 150 staff as expansion accelerates (TB)

• Binance adds $300M in Bitcoin to SAFU reserve (CT)

• Farcaster founders join stablecoin startup Tempo (TB)

• Wallet tied to exploiter resurfaces to buy $13M ETH (CT)

• Bitcoin miner Cango sells 4,451 BTC (TB)

• Story co-founder defends token unlock delay (CD)

• Crypto exchange Backpack reveals tokenomics plan (TB)

Venture Capital

• Crypto exchange and wallet Backpack in talks to raise $50M at $1B pre-money valuation (TB)

• DeepSnitch AI, a crypto risk-analytics startup, raises $1.5M token presale from undisclosed investors (CC)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Jump Trading invests in the two largest prediction markets, Polymarket and Kalshi (TB)

Launches

• MegaETH debuts 'real-time' mainnet (TB)

• Crypto transaction software TON Pay launches (CT)

• ETHZilla launches its Eurus Aero Token I (TB)

• Flying Tulip gears up for public sale (TD)

Regulation

• FDIC agrees to pay fees over crypto 'pause letters' (DC)

• Polymarket sues Massachusetts over prediction markets (TB)

• South Korea tightens crypto oversight targeting manipulation (TB)

• Israel crypto industry pushes regulatory changes (CT)

Cybersecurity

• Address poisoning costs two victims over $62M (CT)

• Signature phishing losses pass $6M (DC)

• OpenClaw AI hub faces wave of poisoned plugins (CT)

Extra Reads

• Most of the potentially exposed bitcoin isn’t sitting in a handful of giant targets, it’s scattered across more than 32,000 separate wallets - Here's why the quantum threat for bitcoin may be smaller than people fear

• Despite BTC’s rebound from a brief dip to $60,000, retail investor sentiment remains firmly in the “extreme fear” zone - Here’s why Bitcoin crashed over -10% in one week

Chart of the Day

BlackRock’s IBIT records $115.14M in weekly net outflows

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.