Saylor's $1.25B Selloff

Strategy may sell $1.25B of Bitcoin

Good Morning,

Here's a quick preview of today’s content: Ukraine takes control of $8.3M in seized crypto, Europe’s unlicensed crypto firms face wipeout, JPMorgan broadens blockchain network, Crypto exchange BitMEX loses CEO and CFO, White House speaks with groups to push Clarity Act, and so much more

Happy Tuesday - Let’s dive in.

Market Snapshot

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  • Bitcoin hovers below $60,000 as crypto braces for a pivotal week with buyers in retreat

    • BTC ETFs on track for worst month on record with $4B gone, as weekly outflows hit $1.8B

    • STRC surges +12%, snapping 9-day losing streak as BTC-linked stocks have green day

  • Bitcoin falls into technical no man's land as stocks surge higher, with crypto diverging from equity strength

Prediction Markets

  • Bettors on Polymarket are predicting women's Wimbledon winner?

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

Headline Roundup
The major headlines driving crypto markets

  • Strategy may sell $1.25B of Bitcoin (BBG)

  • California and Anthropic bring AI to state agencies (DC)

  • CZ says MiCA application was fully compliant (TB)

  • White House speaks with groups to push Clarity Act (CD)

  • JPMorgan urges safeguards for crypto structure rules (CD)

  • Tom Lee's BitMine adds $43M in ether (DC)

  • Securitize to debut on NYSE (TB)

  • Crypto exchange BitMEX loses CEO and CFO (CD)

  • Europe’s unlicensed crypto firms face wipeout (CD)

  • JPMorgan sees limited demand for perp futures (CD)

  • Coinbase, Kraken and OKX swoop up EU users (CT)

  • Kalshi and Polymarket could become M&A targets (CD)

  • BNY and Circle expand partnership (TB)

  • XRP Ledger's 'missing layer' draws closer (DC)

  • Chainalysis proposes blockchain tracing standards (CD)

  • Ansem airdrops $7M of memecoin (TD)

  • Pump.fun's buybacks top $400M (TD)

  • Loopring sunsets DEX (TB)

Venture Capital

  • Delphi Digital, a crypto research firm, raises $40M led by Amplify Partners, Kleiner Perkins, and Theory Ventures (CF)

Access the complete VC deal flow on Fundable.

Launches

  • JPMorgan broadens blockchain network (CD)

  • BlackRock's Aladdin platform adds Ethena (TB)

  • Arkham launches prediction market ranking (TB)

  • Breez launches stablecoin payments (CT)

Regulation

  • UK sets crypto framework rules (TB)

  • FalconX secures EU license (FM)

  • India’s crypto crackdown squeezes stablecoin supply (TB)

Cybersecurity

  • Ukraine takes control of $8.3M in seized crypto (DC)

  • SEC wraps up NanoBit crypto fraud case (TB)

Extra Reads

Chart of the Day

82% of all Bitcoin sits frozen in long term wallets

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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.