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

  • BNY debuts tokenized deposits for institutions (DC)

  • Builders behind Zcash wallet launch new startup (CD)

  • NFT staking goes live on MetaSpace (CD)

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

  • Truebit's native token plunges after $26M exploit (TB)

  • Starknet publishes post-mortem report after network outage (CT)

  • Betterment urges users to ignore crypto promotion message (CT)

Extra Reads

Chart of the Day

Bitcoin is cheap compared to gold

How was today's newsletter?

Login or Subscribe to participate in polls.

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.