Good Morning,

Here's a quick preview of today’s content: Chinese hackers use AI to launch massive cyberattack, FDIC considers guidance over tokenized deposit insurance, 21Shares debuts two crypto index funds, Epstein emails reference Bitcoin meeting with Brock Pierce, 33% of UK crypto holders invest for retirement, and so much more

It’s finally Friday - 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 +47.43%

• Crypto markets slide as macro uncertainty deepens

  • Bitcoin miners and crypto-linked stocks dropped sharply alongside broader risk assets

  • BTC breaks below $100K for the third time this month, down -3%, its first move under $99K since May 4

  • Liquidations totaled $463M over 24 hours as selling accelerated

  • ETH leads downside with a sharper pullback, dropping -7% amid heightened stress

  • Crypto market cap retreats -2.8% to around $3.4T

• Crypto markets continue to feel pressure from inflation concerns and post-shutdown volatility

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

• UFC parent TKO signs Polymarket to prediction market deal (DC)

• Epstein emails reference Bitcoin meeting with Brock Pierce (DC)

• BTC whales record second-largest accumulation of 2025 (CT)

• Polymarket relaunches US trading platform beta mode (TB)

• Strategy plunges to weakest in 13 months (CD)

• Cathie Wood's Ark Invest buys $30M Circle shares (DC)

• Jack Dorsey's Cash App unveils new stablecoin feature (DC)

• Canary XRP ETF racks up $26M volume in 30 mins (DC)

• Czech National Bank becomes first to buy Bitcoin (CD)

• Telegram CEO Pavel Durov free to leave France as travel ban lifted (CT)

• Emory University doubles down with Grayscale ETF stake (CD)

• Ether whale stacks $1.3B ETH (CT)

• Invictus Pharmacy first to accept crypto for prescriptions (CD)

• Taiwan’s central bank explores Bitcoin reserves (BM)

• 33% of UK crypto holders invest for retirement (FM)

• Kraken’s xStocks hits $10B in trading volume (TD)

• Vitalik Buterin champions decentralization in ‘Trustless Manifesto’ (CT)

• Bitcoin miner Bitfarms exits BTC mining (BM)

• Bybit and Tether support Web3 education challenge in Vietnam (CD)

• dYdX approves buyback increase to 75% of revenue (CD)

• Monad taps Anchorage Digital ahead of token launch (TB)

• Amboss and Voltage partner for Bitcoin yield (BM)

• Cloud miner BitFuFu Q3 revenue doubles (CT)

• Certora partners with Cork for Web3 security (CD)

• Wrapped Bitcoin expands to Hedera network (CT)

• Aethir and SACHI partner for Web3 Gaming (CD)

• Lava abandons self-custody amidst fund raise (BM)

Venture Capital

• Decentralized compute project Acurast raises $11M from Polkadot founder Gavin Wood, MN Capital founder Michael van de Poppe and more (CT)

• Zero-knowledge identity startup Self raises $9M seed funding from Greenfield Capital, SoftBank and others (CD)

• Fireblocks in talks to raise funds for buyback of staff shares (BBG)

Launches

• MoonPay launches enterprise stablecoin suite (CT)

• CME and FanDuel to launch US prediction markets platform (TB)

• ETF operator Grayscale to go public in US (DC)

• 21Shares debuts two crypto index funds (TB)

• BNY rolls out money market fund for stablecoin issuers (CD)

• OKX launches in-wallet DEX trading with Base (TB)

• Circle unveils on-chain FX engine to expand trading (DC)

• Hesperides University launches first global Master in Bitcoin (BM)

• Canary files for MOG fund (CD)

• Solana DAT Upexi launches stock buyback program (TB)

• mXRP, a yield-bearing XRP product, expands to BNB Chain (TB)

• Threshold introduces upgrades to its tBTC bridge (CT)

• Ethereum layer-2 RISE unveils RISEx (CD)

• Aztec Network launches first token sale with Uniswap (TD)

• kpk launches agent-powered vaults on Morpho (CD)

• Oviato launches passkey native wallet (BM)

• Phemex unveils full rebrand (CD)

Regulation

• Atkins ‘token taxonomy’ turns SEC into crypto tailwind (BBG)

• FDIC considers guidance over tokenized deposit insurance (BBG)

• Singapore reveals stablecoin regulations (DC)

• SEC and CFTC resume operations after 43-day shutdown (CT)

• Japan Exchange Group weighs tighter oversight of crypto treasury firms (TB)

• DerivaDEX protocol receives Bermuda authority license (TB)

Cybersecurity

• Thai-FBI operation recovers $432k in crypto from European hacker (DC)

• Australia warns criminals are abusing cybercrime platform to drain crypto wallets (DC)

• China state-backed hackers use AI to launch massive cyberattack (DC)

• Alleged POPCAT manipulation hits Hyperliquid with $4.9M loss (CD)

Extra Reads

• A pre-Christmas Fed rate cut could boost spending, shift bond yields, lift risk assets and increase demand for crypto - Here’s what happens if the Fed cuts rates before Christmas

• The last US penny, which is valued at $0.01, costs about 3.7 times its face value to mint, as inflation erodes the value of fiat currency - Here’s why savers need Bitcoin

Chart of the Day

815K BTC sold in the past 30 days, the highest since Jan 2024

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.