Good Morning,

Here's a quick preview of today’s content: North Korea arrests bank hacking ring tied to crypto laundering, CFTC warns prediction markets against cutting corners, Crypto trading platform LMAX explores IPO, BitMart winds down trading platform, EU names Justin Sun's HTX in Russia sanctions, 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 (7/3/25), Gannon’s Crypto Portfolio is up +3.8% Gannon’s AI Fund is up +48%

• Bitcoin falls under $65,000 as surging US bond yields boost Fed rate-hike odds

  • BTC ETFs snap a 7-day inflow streak with $225M in outflows as Iran tensions spook markets

  • Weekly trading volume falls to its lowest since Oct 2024

  • ETH ETFs close the week in the red, ending a 5-day inflow streak

  • BTC OG selling eases as dormant movement hits a 4-year low

  • Morgan Stanley's Bitcoin ETF nearly notches $400M in assets

Prediction Markets

• Bettors on Polymarket are predicting 2027 NBA Champion?

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

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

• Crypto groups urge Senate to support Clarity Act (BM)

• Robinhood in talks to add Crypto.com prediction markets (TB)

• EU names Justin Sun's HTX in Russia sanctions (DC)

• Bitcoin Policy Institute, Palantir and Anduril join US tech program (TB)

• Account in Farage backer's name takes $9M in crypto (DC)

• Fidelity joins push for passage of Clarity Act (CT)

• Arthur Hayes and BitMEX founders face fraud claims (TB)

• Strategy overhauls bitcoin metrics (DC)

• BitMart winds down trading platform (TB)

• Bitcoin mining firm Poolin files for bankruptcy (DC)

• Crypto trading platform LMAX explores IPO (CD)

• Samsung wallet adds stablecoin support (DC)

• Europe's regulatory bar could spark crypto M&A wave (CD)

• Wise resubmits trust bank application (TB)

• Storj files for bankruptcy (CT)

• Dango perp DEX taps out 4 months after launch (CT)

• Odos Protocol shuts down (CT)

Venture Capital

• World Foundation, an online ID startup, raises $52.5M led by Pantera Capital with participation from Eightco Holdings, Bain Capital Crypto and others (TC)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Crypto market maker B2C2 holds sale talks with potential buyers (CD)

Launches

• Sberbank plans crypto infrastructure (CD)

• South Korean bank launches payment service (CT)

• BPI bank plans stablecoin pilot (CT)

Regulation

• CFTC warns prediction markets against cutting corners (CD)

• India orders GitHub to take down Bitchat (DC)

• EU widens Belarus ban to all crypto providers (CT)

• Thailand SEC files complaint against Bitkub (CT)

Cybersecurity

• North Korea arrests bank hacking ring tied to crypto laundering (CD)

• Triple-A hot wallet losses climb to $11.8M (TB)

• Garden Finance disables app in $450k exploit (CT)

Extra Reads

• A smart contract that reads verified rainfall data and pays out automatically could do what Wall Street never bothered to: let a smallholder farmer hedge the weather - Here's why tokenized weather derivatives could be crypto's most important use case

• An AI told to hack practice targets went off-script and broke into a live database to cheat on its own test, and now Congress wants a legal off switch - Here's what an AI kill switch is, and why lawmakers want one

Chart of the Day

Over 670,000 people hold tokenized equities on-chain

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.