Good Morning,

Here's a quick preview of today’s content: SoFi unveils Ethereum stablecoin for trading and payments, North Korean hackers stole $2B in crypto this year, Fed pulls back from prior crypto-focused restrictions, Flood of crypto ETPs expected in 2026, NYSE parent in talks to invest in crypto firm MoonPay, and so much more

It’s Friday at last - Let’s dive in.

Market Snapshot

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• Crypto markets whipsaw after soft CPI as ETF inflows clash with volatility

  • BTC and ETH jumped on cooler CPI, but BTC failed at $90K and slid back toward $85K

  • Spot Bitcoin ETFs pulled in $457M, the strongest inflow in over a month, lifting BTC dominance to 60%

  • Altcoins sold off sharply as BTC’s $85K test triggered $550M in liquidations, with XRP and memecoins lagging

  • Bitcoin’s realized cap held above $1T, signaling underlying capital strength

• Volatility climbed ahead of a $23B options expiry, as year-end uncertainty and rising downside hedges capped rallies

Prediction Markets

• Bettors on Polymarket are predicting 2026 FIFA World Cup winner?

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

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

• Intuit integrates stablecoin across TurboTax and QuickBooks (DC)

• PayPal uses PYUSD stablecoin to fund AI infrastructure (CD)

• NYSE parent in talks to invest in crypto firm MoonPay (CT)

• Crypto treasuries draw in $2.6B (DC)

• Former Pump.fun dev sentenced for $2M Solana fraud (DC)

• Tether CEO says AI bubble is Bitcoin’s biggest risk (CT)

• JPMorgan doesn’t see a trillion-dollar stablecoin market (TB)

• MSCI’s crypto treasury rules could spur forced selling (CT)

• Flood of crypto ETPs expected in 2026 (CD)

• VivoPower eyes $300M Ripple share deal (CD)

• Cathie Wood scoops up more BitMine shares (TB)

• World Liberty Financial proposes using treasury to boost stablecoin growth (CD)

• Coinbase appoints former UK minister to chair advisory council (CT)

• Kalshi shelves college athlete transfer markets amid criticism (TB)

• Solana and Aptos move to harden blockchains against attacks (DC)

• Ethereum could get faster with gas limit rise (CT)

• Bitcoiners push for quantum-resistant BIP-360 upgrade (CT)

• Solana lending protocol adds Superstate tokenized shares (TD)

• Kalshi integrates TRON Network (CD)

• Treasury firm KindlyMD puts share buyback program in place (CD)

• Taiwan reveals 210 BTC holding seized in criminal cases (BM)

• Uniswap submits proposal for final governance decision (TB)

• Lido outlines $60M expansion plan (TD)

• Synthetix returns to Ethereum mainnet after 3 years (CT)

• WhiteFiber signs 10-year colocation deal with Nscale (CD)

• Tokenizer.Estate and Hacken team to raise security standards (CD)

Venture Capital

• German digital broker Trade Republic completes a $1.4B secondary equity sale at a $14.6B valuation to investors including Wellington Management, Fidelity Management & Research Company, Khosla Ventures, and more (LA)

• DAWN, a decentralized protocol, raises $13M Series B funding round led by Polychain Capital (CD)

• Ethereum blockspace marketplace ETHGas raises $12M led by Polychain Capital with Stake Capital, BlueYard Capital, and others participating (TB)

• Crypto rewards startup SocialGood App raises $5.6M Series B round led by i-nest capital, with additional loans from Japan Finance Corporation (NI)

• Solana prediction market startup worm.wtf raises $4.5M pre-seed equity round from 6th Man Ventures, Alliance Venture, Solana Ventures, Borderless Capital and Advancit Capital (TF)

• Decentralized trading startup Harbor raises $4.2M strategic round led by Susquehanna Crypto and Triton Capital (BG)

• Miniswap, a DeFi DEX infrastructure startup, raises $3.5M seed round from undisclosed investors (N2)

• Moto, a Solana-based on-chain credit card startup, raises $1.8M pre-seed round led by Eterna Capital and Cyber Fund (BG)

• Oriole Insights, a gamified Web3 prediction platform, raises $1M pre-seed round from ZBS Capital and Oriole Ventures (IC)

Access the complete VC deal flow on Fundable.

Launches

• SoFi unveils Ethereum stablecoin for trading and payments (DC)

• xStocks brings tokenized equities to Telegram (DC)

• Bitwise joins race to launch SUI ETF (TB)

• Coinbase expands in Poland with Blik integration (CT)

• Fold launches nationwide Bitcoin services with BitGo (BM)

• Aptos introduces post-quantum signatures (CT)

• Synthetix unveils perpetual DEX on Ethereum mainnet (TD)

• Ledn publishes loan book and proof of reserves data (BM)

• Lucky Train unveils Web3 project built on TON (CD)

Regulation

• Fed pulls back from prior crypto-focused restrictions (DC)

• Crypto CLARITY Act set for Senate markup in January (CT)

• SEC charges Bitcoin mining firm involving bogus investment deals (TB)

• Kyrgyzstan pushes bond sale plans with gold-backed token (BBG)

• MEV trading returns to court in Pump.fun class-action (CT)

Cybersecurity

• North Korean hackers stole $2B in crypto this year (DC)

• FBI seizes crypto exchange used to launder $70M from attacks (DC)

• Crypto hacks hit $3.4B, attacks on individual wallets rise (TB)

• Attacker takes over multisig and drains $40M (CT)

Extra Reads

• Guessing the direction of Congress is akin to long-range weather prediction, with so many variables in play, and the industry's fate depends on a break in the storm - What if crypto's market structure effort never gets there?

• As other jurisdictions stall in regulatory debate, the UAE is institutionalizing tokenization, moving it to the core of its economic infrastructure - Here’s how the UAE is building its economy around tokenization

Chart of the Day

Ethereum exchange supply drops to its lowest level since 2016

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.