Good Morning,

Here's a quick preview of today’s content: Russian crypto scammer and wife found dead in UAE, Kraken co-CEO slams UK crypto rules as overly restrictive, Visa pilots USDC payouts for creators and gig workers, Lighter rises to top perp DEX by volume, Fire breaks out at Bitcoin mining facility in Ohio, 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 +34.28%

• Crypto markets steady ahead of key House vote as ETFs rebound

  • Bitcoin and Ethereum are little changed as traders await a US House vote to end the govt shutdown and fresh inflation data

  • BTC ETFs logged $524M in inflows - their best day in a month - pushing cumulative trading volume toward $1.5T, while smart-money traders added $8.5M in net long BTC positions

  • ETH whales accumulated over $350M during the recent dip, signaling growing confidence

• Despite $614M in crypto liquidations, markets held steady, with most majors posting minor declines

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

• Corporate Bitcoin buying slows as total holdings reach record high (DC)

• Coinbase leaves Delaware to incorporate in Texas (CT)

• Franklin Templeton expands tokenized fund platform to Canton (DC)

• Russian crypto scammer and wife found dead in UAE (DC)

• Polymarket becomes Yahoo Finance’s exclusive prediction market partner (TB)

• Bernstein says US crypto framework positions nation as global leader (CD)

• Fire breaks out at Bitcoin mining facility in Ohio (TB)

• USDC issuer Circle reports $740M revenue in Q3 (DC)

• IBM claims leap toward quantum computers with new chips (CT)

• Coinbase hires former Goldman Sachs partner Liz Martin (TB)

• Japan stablecoin issuers could fill central bank’s bond-buying gap (CT)

• Funds network Calastone taps Polygon for tokenized asset distribution (TB)

• Solana Company to tokenize shares with Superstate (CD)

• Circle explores native token for Arc network (TB)

• CleanSpark sells $1.15B convertible notes to continue mining (CS)

• Arthur Hayes tells Zcash holders to withdraw from CEXs (CT)

• Hyperliquid pauses deposits and withdrawals amid trading speculation (TB)

• Lighter rises to top perp DEX by volume (TD)

• RedStone says crypto's 'yield gap' is closing (TB)

• Solana active addresses falls to 12-month low (TB)

• Bybit finds 16 blockchains with power to freeze user funds (CT)

• Sky Savings TVL passes $4B (TD)

• Ontology Community approves tokenomics proposal (CD)

• XStocks hits $10B in volume 4 months after launch (CT)

• UpMuun integrates StealthEX to unlock swaps for crypto (CD)

• SOL treasury VisionSys AI crashes after share offering (DC)

Venture Capital

• Gemini co-founder Tyler Winklevoss unveils Cypherpunk Technologies, backed by $58.9M Winklevoss Capital investment aimed at acquiring Zcash (TB)

• Crypto startup Seismic closes $10M funding round led by a16z, joined by investors including Polychain, Amber Group, and more (TB)

M&A Announcements

• VCI Global acquires $100M OOB tokens, the native token of Tether-backed firm Oobit (TB)

• Dromos Labs, the developer behind DEX exchanges Aerodrome and Velodrome, merges the two platforms into a single DEX called Aero (TD)

Launches

• JPMorgan brings dollar deposit token to Base (DC)

• Visa pilots USDC payouts for creators and gig workers (DC)

• Coinbase Business launches in Singapore to reshape payments (CT)

• NH NongHyup Bank pilots stablecoin-led tax refunds (TB)

• First US spot XRP ETF to go live Thursday (CD)

• RWA specialist Centrifuge debuts tokenization service (CD)

• Sonic Labs unveils fee monetization system (TB)

• Staking protocol Firelight to launch on Flare mainnet (TD)

• Sui launches USDsui stablecoin via Bridge (TB)

• Auradine unveils new Teraflux BTC mining (TB)

• Bitcoin Depot enters Hong Kong as part of expansion (CT)

• WhiteBIT unveils WB Check bypassing crypto barriers (CD)

• EV2 token presale launches (CD)

Regulation

• SEC Chair Atkins unveils plan to redefine crypto regulation (TB)

• a16z urges Treasury to exempt decentralized stablecoins from GENIUS (TB)

• Trump nominee Mike Selig set for CFTC confirmation as crypto bill advances (CD)

• Kraken co-CEO slams UK crypto rules as overly restrictive (TB)

• UAE’s ‘digital dirham’ CBDC pilot completes first transaction (CT)

• Pooled order books in crosshairs as EU regulators tighten MiCA (CD)

• Canary Capital seeks approval for ETF tracking MOG (TB)

Cybersecurity

• DOJ unveils 'Strike Force' to combat crypto scams rooted in China (DC)

• Dubai court freezes $456M linked to Justin Sun’s bailout of Techteryx (CD)

• Prosecutors request February or March retrial for MEV bot brothers (CT)

• Brazil proposes selling seized Bitcoin to undercut crime networks (CD)

Extra Reads

• The end of Trump's last US government shutdown back in 2019 saw a boom in crypto markets, but things are a bit different this time around - Here’s why Bitcoin price boom isn’t guaranteed after shutdown

• Bitcoin won’t win as a monetary asset while tokens power adoption through incentive layers, and zero-knowledge transport security unlocks verifiable data portability - Here’s why altcoins aren’t dead

Chart of the Day

Whales accumulated more than 45,000 BTC in the last week

Meme Dump

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