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Political Betting Under Fire
Democrats back bill to ban officials from prediction markets
Good Morning,
Here's a quick preview of today’s content: Masked gunmen tie up woman in France and steal crypto USB, Democrats back bill to ban officials from prediction markets, Wealthy investors use crypto to buy real estate in Europe, CryptoQuant slams X for penalizing crypto content, and so much more
Happy Monday - 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 +22.43%
Altcoins diverge as Bitcoin stalls near $90K and ETF outflows mount
BTC hovered around $90,000 after failed rebound attempts, with volumes thinning and price stuck
Spot BTC ETFs logged a three-day outflow streak, shedding $400M+ and nearly $700M in the first week of 2026
Altcoins outperformed: XRP and SOL posted double-digit gains, as XRP ETFs hit record weekly trading volume
Weak US jobs data and a pending Supreme Court tariff ruling kept markets cautious
Prediction Markets
Bettors on Polymarket are predicting The Masters - Winner?
Track and trade live odds on any event, only on Polymarket

Headline Roundup
The major headlines driving crypto markets
Republicans race toward crypto vote on bill (CD)
Democrats back bill to ban officials from prediction markets (TB)
Pump.fun overhauls creator fees as token launches hit highest daily count since September (TB)
Nasdaq and CME Group launch Nasdaq-CME Crypto Index (CT)
Masked gunmen tie up woman in France and steal crypto USB (DC)
Iran's moves $1B through UK crypto exchanges (TB)
X teases crypto-aware ‘smart cashtags’ (CD)
CryptoQuant slams X for penalizing crypto content (CT)
Ethereum founder Vitalik Buterin backs convicted dev (DC)
Russians ask government whether pensions are paid in crypto (CT)
Grayscale forms trusts tied to BNB and HYPE ETFs (CT)
Memecoin market craters more than 60% (TD)
OKX cuts institutional staff amid global restructuring (CD)
Sharplink stakes another $170M ETH (CT)
BitMine crosses 1M staked ETH milestone (CT)
Ruble stablecoin outpaces market leaders despite sanctions (CD)
Bitcoiners celebrate 17th anniversary of Hal Finney (CT)
Wealthy investors use crypto to buy real estate in Europe (CD)

Venture Capital
Crypto VC giant Andreessen Horowitz raises $15B across five separate venture funds (DC)
Stablecoin payments startup Rain raises $250M Series C led by ICONIQ Growth with participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, and more (PRN)
BlackOpal, a credit-card tokenization startup, obtains $200M led by Mars Capital Advisors (KC)
Tether invests between $40M and $50M in crypto lender Ledn at $500M valuation (CD)
Legend, a DeFi wallet platform, raises $15M from Andreessen Horowitz and Coinbase Ventures (MSN)
ZenChain, a blockchain startup, raises $8.5M led by Watermelon Capital, DWF Labs, and Genesis Capital, with an additional $1.5M by angel investors (ST)
DeepSnitch AI, an AI-driven blockchain startup for crypto traders, raises $1.1M from undisclosed investors (BG)
Enhanced Digital Group, a digital-asset derivatives platform, raises an undisclosed Series A by StoneX Financial (BW)
Access the complete VC deal flow on Fundable.
Launches
Regulation
Anti-DeFi group runs ads pressuring Senators on crypto bill (CT)
UK pushes for crypto political donations ban (TB)
South Korea prepares to approve spot Bitcoin ETFs (BM)
UK FCA signals opening for crypto licensing (TB)
India tightens requirements for crypto user onboarding (CT)
Colombia mandates crypto exchanges to submit user data (TB)
Ripple gets green light from FCA (DC)
Australian regulator flags Grok in AI image abuse complaints (DC)
Cybersecurity

Extra Reads
Rep. Ritchie Torres introduced legislation to ban government officials from prediction markets, citing insider information concerns - Should politicians be able to use prediction markets?
A crypto user who lost $5k from a hot wallet after a stay at a hotel said the real culprits were open WiFi, a casual lobby phone call and one careless wallet approval - Here’s how a single approval wiped a crypto wallet

Chart of the Day
Bitcoin is cheap compared to gold


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