Good Morning,

Here's a quick preview of today’s content: AI agents like OpenClaw could drain crypto wallets, David Bailey’s Nakamoto sells Bitcoin to fund operations, Plume pilots allows employees to receive salary in tokenized fund, Texas lists crypto and prediction markets in charges for lawmakers, Tether cuts gold traders months after hiring them from HSBC, and so much more

Happy Wednesday - Let’s dive in.

Market Snapshot

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• Bitcoin holds $67,500 as markets respond to Iran's willingness to end conflict

  • BTC whale selling cools as downside risk looms near record-tying six-month losing streak

  • Bearish sentiment builds as volatility and hedging rise amid macro uncertainty

  • Stablecoin market projected to hit $2T in 2028 even as velocity doubles

• Stocks soar and oil slides on war-ending hopes, though Trump prioritizes Iran exit over reopening Hormuz strait

Prediction Markets

• Bettors on Polymarket are predicting SpaceX IPO by…?

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

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

• Google warns quantum may break bitcoin earlier than thought (TB)

• Standard Chartered says stablecoin usage rising faster than expected (TB)

• Block’s Dorsey outlines AI vision to cut middle managers (BBG)

• David Bailey’s Nakamoto sells Bitcoin to fund operations (BBG)

• Bitcoin-backed muni bond clears hurdle with Moody’s rating (BBG)

• Prediction markets backlash builds stormcloud for 2027 (CD)

• Binance launches prediction market feature within its wallet app (TB)

• Tether cuts gold traders months after hiring them from HSBC (BBG)

• California tightens AI contract rules (DC)

• Users barred from KuCoin after $500K CFTC settlement (DC)

• Plume pilots allows employees to receive salary in tokenized fund (TB)

• CoinDCX plans anti-fraud push after founder impersonation case (CT)

• Interactive Brokers launches crypto trading in EEA (FM)

• Coinbase’s Base to focus on tokenized market developers this year (CD)

• Ripple partners with former Western Union unit for payments (TB)

• Crypto awareness tops 80% among young people in UK (CT)

• Bhutan government moves another $25M in bitcoin (TB)

• Core Foundation franchises Satoshi Plus bitcoin model (TB)

• Bitfarms rises after posting $284M net loss in AI transition (TB)

• South Korea's KB Card taps Avalanche for stablecoin credit card (TB)

• Zcash vulnerability that put ZEC at risk is fixed (DC)

• Mercado Libre pulls the plug on its crypto coin (DC)

Venture Capital

• Crypto asset manager Keyrock raises new funding at $1.1B valuation led by SC Ventures (TB)

• Forex startup OpenFX raises $94M led by Accel, Lightspeed Faction, M13, Northzone and Pantera (CD)

• Cross River raises $50M to expand further into AI and crypto (BBG)

• The Better Money Company, a stablecoin clearinghouse, raises $10M led by Andreessen Horowitz (FT)

• Blockchain provider Uniblock raises $5.2M with participation from SBI, AllianceDAO, CoinSwitch and more (DC)

Access the complete VC deal flow on Fundable.

Launches

• Tether's stablecoin expands beyond Ethereum mainnet (DC)

• Wall Street moves benchmarks onchain (CT)

• Galaxy expands retail platform with SOL staking (CT)

• BitGo rolls out portfolio-based crypto lending platform (CT)

• Chainalysis introduces blockchain intelligence agents (TB)

• Dynamic adds wallet infrastructure for Telegram apps (CT)

• Hashdex crypto ETF adds options for hedging (CD)

• Aztec launches Alpha Network (TD)

Regulation

• 12 Euro banks team up to save the euro from digital dollarization (CD)

• Russia moves to narrow crypto trading to regulated intermediaries (CT)

• Texas lists crypto and prediction markets in charges for lawmakers (CT)

• Dubai imposes governance and disclosure rules on crypto trading (TB)

• Massachusetts city weighs crypto ATM ban (CT)

Cybersecurity

• AI agents like OpenClaw could drain crypto wallets (CT)

• Supply chain attack hits Axios as users urged to rotate keys (CT)

• Crypto dispute over exploit lands in Singapore harassment court (CT)

Extra Reads

• With a few hours to go, bitcoin has tumbled -22% in the first quarter, following a -25% drop in the last quarter of 2025 - Here’s what’s next after bitcoin's historic underperformance

Chart of the Day

Bitcoin long-term holders are now selling at a loss

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.